Hitting an all-time high of $2.52, the altcoin dethroned BNB coin again as the third largest crypto by market cap Friday morning.
“There are risk-off money flows across asset classes as investors fear that central banks are poised to tighten policy into a global economic slowdown this fall,” said Tom Essaye, President of Sevens Report Research.
Wells Fargo and JPMorgan Chase both partnered with NYDIG for the launch of two passive bitcoin trusts, according to SEC filings.
As second quarter earnings results continue to beat expectations, analysts are realizing third and fourth quarter earnings estimates may still be too low.
Get your macro fix with Blockworks’ own Mike Ippolito and Tyler Neville.
Equities advance amid wide-spread internet outages, rising initial jobless claims data and higher-than-normal existing home sales.
New policy is the latest in a string of moves by large banks to get clients exposure to growing space.
Goldman Sachs and JP Morgan post healthy profits, but revenue came in lower than expected due to a decline in loans.
But one fund manager that spoke to Blockworks says the U.S. dollar is the bigger threat.