Bitcoin traders shrug off 'halving' to focus on broader market risks

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 65 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 57%
  • Publisher: 63%

Market Sentiment Noticias

Bitcoin Trading,Mick Roche,Bitcoin

Bitcoin's so-called halving event has had little impact on its price so far, with industry insiders on Monday saying the cryptocurrency's fortunes were more ...

LONDON - Bitcoin's so-called halving event has had little impact on its price so far, with industry insiders on Monday saying the cryptocurrency's fortunes were more closely tied to broader financial market sentiment and geopolitics.

"The geopolitical events unfolding at the minute are having a larger impact than any impact from the halving. So that’d be the perceived easing of tensions between Iran and Israel," said Mick Roche, senior trader at Standard Chartered's crypto arm, Zodia Markets. "Crypto is so similar to stocks already. The same people that are trading stocks and tech stocks are also into crypto," he said.

Bitcoin is dominated by retail investors, Laidler said, but he expects regulatory changes in future could make it easier for companies, banks and central banks to own bitcoin.Cryptocurrencies remain a niche asset class, with their combined value around $2.5 trillion, according to market tracker CoinGecko.Crypto markets are also waiting to see if the U.S.

Retirement is the period in your life when many focus on family and the things you weren't able to do while you were busy with your career. As such, you'll want to optimize your financial well-being...Red Lobster is seeking advice from a law firm on whether to file for Chapter 11 bankruptcy following a difficult few years for the chain."Equities had a strong first quarter 2024, so the fact that stocks are consolidating and even drifting lower is not entirely a surprise.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 47. in ES
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Bitcoin (BTC) vs. Memecoins: Navigating the Bitcoin (BTC) (BTC) Investment LandscapeOne such memecoin that has garnered significant attention is Shiba Budz (BUDZ). Introduced as a playful spin-off of the Dogecoin phenomenon..
Fuente: CryptoAmb - 🏆 22. / 68 Leer más »

Bitcoin traders shrug off ‘halving’ to focus on broader market risksChange of underlying technology receives muted response
Fuente: globebusiness - 🏆 31. / 66 Leer más »

Trading Game Plan: NASDAQ breakdown, bitcoin warning signs, metals stall, stocks, and crypto trade levelsThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Fuente: KitcoNewsNOW - 🏆 13. / 78 Leer más »

Crypto market lulls before halving: Bitcoin consolidates above $70k, alts trade mixedThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Fuente: KitcoNewsNOW - 🏆 13. / 78 Leer más »

New S&P year-end target, energy sector rally: Monday's market takeawaysAs US Equities (^GSPC, ^DJI, ^IXIC) have begun to lose steam following last week's historic highs, Yahoo Finance Reporter Josh Schafer joins the Live show to...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »