Bitcoin's lead over assets from stocks to bonds, oil, banks, gold and tech stocks and the euro has widened.
Bitcoin's price climbed for a fourth straight day, even as 10-year bond yields continued their march toward 1.6%.
Bitcoin traders may be out of luck if they're expecting the Fed to further ease monetary policy as bond yields rise.
Bitcoin prices quadrupled last year and have rallied 66% this year on speculation the cryptocurrency could serve as an inflation hedge.
Federal Reserve Chair Jerome Powell disappointed some traders by offering few signs that the central bank might expand monetary stimulus.
Far from a signal of distress, a negative level on the "Grayscale premium" might signal a market reset for a fresh bitcoin rally.
Compass raised $1.7 million from a cadre of cryptocurrency businesses and investors.
If bitcoin can stay above $50,000, it would mark an end to the recent pullback, an analyst said.
Institutions are loading up on bull call spreads in anticipation of a continued bitcoin price rally.
Traders are betting on the "smart-contract" blockchain, which aims to compete with market leader Ethereum, even though it doesn't yet have smart-contract functionality.
The premium rose after the Central Bank of Nigeria reminded banks they could not provide crypto exchanges with financial services.
Bitcoin's bulls are taking over the market again.
Crypto market appears to be already looking past the harsh correction from earlier this week.
There are signs some of the excessive leverage had been wrung out of the market, implying the potential for a fresh more to the upside, analysts said.
Bitcoin has already passed the $68,000 mark in Nigeria, but that’s if you use the official exchange rate. Awosika Ayodeji, a Nigerian blockchain project designer, isn’t complaining. He is happy to wake up and see bitcoin prices quoted using unofficial U.S. dollar exchange rates because it means he’d be getting more naira per dollar when […]