Crypto markets have taken a vertiginous plunge today, August 4, with Bitcoin (BTC) losing almost $500 in the six hours before press time to dip below $7,000, and all of the top ten cryptocurrencies by market cap in the red, as data from Coin360 shows. Market visualization from Coin360 Bitcoin (BTC) is trading around $7,028 to press time, having lost almost $500 on the day to plummet to a price point not seen since July 17. The leading cryptocurrency has seen an intra-day low of $6980, with some crypto analysts today noting that $6,800 has become its short-term critical support …
Following a breakout year for cryptocurrencies, 2018 has been extremely challenging — to say the least. With Bitcoin and numerous altcoins hitting all time highs in December, a sobering market correction followed and the markets have only started to settle midway through this year. There have been many reasons for the cryptocurrency markets being battered by bearish sentiments across the board. However, having passed the midway mark of the year, there are increasingly encouraging signs that institutional investors are changing their tune once again — hinting that mainstream adoption is around the corner. Furthermore, Bitcoin has reached market cap levels …
August 1: Crypto assets have seen a second day of losses, with Bitcoin (BTC) now well below the $8,000 psychological price point and most of the major crypto assets in the red, according to data from Coin360. Market visualization from Coin360 Bitcoin (BTC) is trading around $7,490 to press time, having lost almost 3 percent on the day. Since the coin’s July 25 peak at $8,431, the leading cryptocurrency dipped down below $8,000 yesterday for the third time this week. The coin saw another sharp drop this morning, before trading sideways. Bitcoin’s 7-day price chart. Source: Cointelegraph Bitcoin Price Index …
Multinational investment bank Morgan Stanley has hired a self-described crypto trading expert and 12-year veteran of Credit Suisse as its new head of digital asset markets, eFinancialCareers reported July 31. The new appointment, Andrew Peel, spent his last three years at Credit Suisse as vice president of sales and trading innovation, in which role he acted as “trading subject matter expert for Bitcoin and cryptocurrencies” according to his LinkedIn profile. His page also includes an independent position as “advocate of crypto markets” as of June 2013. Nabbing a crypto enthusiast for its team aligns with Morgan Stanley’s evolving stance towards …
Bankers continue to come from traditional financial roles to Blockchain related projects. Leaving behind them a salary of up to seven figures shows a strong belief in the future of digital currencies. The lure of a young but quickly maturing marketplace is growing stronger. From somewhat ‘early adopters’ like former JP Morgan executive Blythe Masters - known for her prodigy climb and creating the modern credit default swap - became CEO of Digital Asset Holdings. Cointelegraph recently covered former Morgan Stanley’s top man venturing into cryptocurrency. One time Morgan Stanley CEO John Mack seeks to launch his own ICO for …