Market focus

Bitcoin price fell Tuesday below $30,000 for the first time since last month, which drags down other digital currencies as investors worldwide fret about the Delta variant and the next stage of the COVID-19 pandemic. According to CoinMarketCap data, the whole cryptocurrency market lost about $89 billion in 24 hours. However, Glassnode’s report indicates large…

Robinhood said it anticipates retail trading is slowing down in the third quarter of 2021 relative to the second quarter, especially in cryptocurrencies. Crypto trading accounts for about 17% of Robinhood’s revenue. Popular stock trading app Robinhood warned that potential trading revenue will be lower and new clients as the boom in retail investing starts…

One of America’s largest banking establishments, the Bank of America (BofA), has launched a new service enabling to trade of Bitcoin futures, according to Coindesk’s anonymous sources. Some clients reportedly are in the setup process, while some are already live. As two anonymous sources reported Friday, the bank is clearing cash-settled Bitcoin futures, a type…

Breaking crypto news from the last week (10 – 16 July 2021): 10 July: The BIS, the IMF, and the World Bank called to the G20 to create a cross-border network of central bank digital currencies (CBDC), underpinned by efficient technological integration and proactive international cooperation, which could be of significant benefit to the world…

Elon Musk continues his peculiar tweets about altcoins like Dogecoin, but investors should treat them very carefully. It looks like the days of easy money from the coin pumps are gone, but Dogecoin remains in the top 10 cryptocurrencies list. They say all good things come to an end, and the Elon Musk-inflicted Dogecoin pump…

According to a company statement, the financial index provider S&P Dow Jones has launched five new cryptocurrency index products, bringing its total number of crypto indices to eight. It’s the first major expansion of S&P’s crypto benchmarking tools since entering the market in May. Headlining the tranche is a “broad digital market (BDM)” index that…