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.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Source: globebusiness - 🏆 31. / 66 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »