Bitcoin's lead over assets from stocks to bonds, oil, banks, gold and tech stocks and the euro has widened.
Bitcoin traders may be out of luck if they're expecting the Fed to further ease monetary policy as bond yields rise.
A single large sell order appears to have sent prices for trading contracts on polkadot tumbling from about $33 to 25 cents in less than a minute.
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.
DeFi could do for finance what ride-sharing did for taxi companies, Bianco said.
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.
Blockchain data showed investors moving the cryptocurrency onto exchanges, ostensibly preparing for a quick sale.
The news flow still looks bullish on bitcoin, but the market appears to have gone too far, too fast.
Two-fifths of U.S. investors think investing in the cryptocurrency market is no more risky than putting money into stocks.
Cryptocurrency exchange Binance's in-house BNB tokens have shot to a $40 billion valuation, ranking them third among digital assets behind bitcoin and Ethereum's ether.
The $8.7 trillion-asset BlackRock is "dabbling" in cryptocurrencies – becoming the norm as bitcoin and ether rally to all-time high prices.
Break of psychological threshold pushes largest cryptocurrency's year-to-date return to 70%, as a new breed of upstart tokens pushes industry market cap past $1.5T.
ByteTree's Charlie Morris shows how bitcoin's price gets to $1 million by 2032. PLUS: JPMorgan hounded by own traders over absence in bitcoin market.