The company's recent move is more about policy than price. Plus: Did this week mark the start of a meaningful shift in the stablecoin market?
BTC 's price recovery could be limited into the weekend.
The new listing comes a day after Ethereum's founder donated $1 billion in SHIB to India Covid Relief Fund.
BTC remains under pressure and could find lower support near $42K as long-term momentum wanes.
Dominance is at the lowest level since April 2018, suggesting traders are rotating into ether and other altcoins.
Nearly all major components of the CPI increased in April, a sign that pent-up demand is fueling a rebound in economic mobility.
Long-term momentum is deteriorating as buyers continue to take profit on rallies.
The broader uptrend remains intact despite several months of consolidation.
However, if BTC breaks below $57,000, buyers will likely wait to enter around lower support at $56,000.
A Coinbase premium for ether is continuing to spur new investment, according to analyst Ki Young Ju.
The most important impact for the investing market overall: It's a reminder that Bitcoin is a technology. Plus: What's next for dogecoin?
Bitcoin rose as traders looked towards further Fed support after the U.S. jobs miss. Altcoins continue to outperform.
The opportunity could be substantial for an already fast-growing crypto industry with a current market capitalization currently around $2.3 trillion.
BTC buyers continue to take profits on recoveries.
The Fed's own staffers didn't mention cryptocurrencies as a risk to financial stability, but market participants did.