First Mover

Bitcoin

First Mover: Stimulus Tests Bitcoin in Real-Time, and It Passes $20K

Bitcoin has climbed as more big investors said it might serve as a hedge against inflation. On Wednesday prices crossed $20K for the first time.

Markets  ·  16 December 2020
Bitcoin

First Mover: Reminiscing on Pre-Pandemic Bitcoin as Rally Stalls

Back in January, few analysts could foresee the investment theme that would ultimately cause bitcoin prices to triple over the course of 2020.

Markets  ·  15 December 2020
Bitcoin

First Mover: Horrible 2020 Economy Proved Best Thing for Bitcoin

In 2020, bitcoin went from fringe investment to the talk of Wall Street, as the coronavirus-induced recession spurred recovery plans built around stimulus.

Markets  ·  14 December 2020
Bitcoin

First Mover: Stimulus Bet Wins Even as Bitcoin Slips Below $18K

MassMutual's push into bitcoin shows increasing adoption – of the narrative the cryptocurrency can work as a hedge against central-bank money printing.

Markets  ·  11 December 2020
Bitcoin

First Mover: Bitcoin Stuck as ECB’s Lagarde Primes Extra €500B Stimulus

The ECB's decision to expand an emergency bond-buying program by €500B may represent the latest installment of years-long balance-sheet increase.

Markets  ·  10 December 2020
Bitcoin

First Mover: Why Wells Fargo Won’t Recommend Bitcoin to Clients

A Wells Fargo unit doesn't recommend bitcoin to clients, since they can't yet hold cryptocurrency in their accounts. What if that ever changed?   

Markets  ·  9 December 2020
Bitcoin

First Mover: Wells Fargo Bitcoin Briefing Could Signal Bull Run Intact

As banks like Wells Fargo come around to writing about bitcoin, pro crypto analysts are scrutinizing blockchain network activity for clues on market cycle.

Markets  ·  8 December 2020
Bitcoin

First Mover: Why Mohamed El-Erian Might Have Held Bitcoin at $19K

This year's rapid price gains are unnerving some investors, but NYDIG's Greg Cipolaro argues that bitcoin's growing network could justify $52K in five years.

Markets  ·  7 December 2020
Bitcoin

First Mover: Bitcoin Below $19K and Customers Flee OKEx

OKEx appears to suffer customer outflows after lifting of five-week withdrawal suspension, highlighting the existential threat of operational risk.

Markets  ·  4 December 2020
Bitcoin

First Mover: Ether Eyed as Value Play With Bitcoin Pressing $20K

As prices consolidate below $20K, traders cue off macroeconomic factors - like Biden remark that $908B stimulus would be "down payment."

Markets  ·  3 December 2020
Bitcoin

First Mover: Short Shrift for XRP Token’s 169% Price Surge as Traders Obsess Over Bitcoin

XRP soared 169% in November, topping performance of the CoinDesk 20 digital assets during a month when bitcoin dominated headlines.

Markets  ·  2 December 2020
Bitcoin

First Mover: Bitcoin’s Failure to Break $20K Shows Big Investors Only Just Arriving

Institutional adoption is the buzzword du jour, probably a factor in bitcoin's price rally close to $20,000, and not even really happening yet.  

Markets  ·  1 December 2020
Bitcoin

First Mover: You Call That a Record? Bitcoin’s November Gains Are 3x Stock Market’s

It's no longer really news when bitcoin outperforms traditional markets, but November could prove a crucial month for the largest cryptocurrency. 

Markets  ·  30 November 2020
Bitcoin

First Mover: Why Bitcoin Isn’t a Replacement for Gold Just Yet

Bitcoin's price is approaching a new all-time high, but bitcoin is not yet the replacement for gold many think.

Markets  ·  25 November 2020
First Mover

First Mover: Why Is Bitcoin’s Price Rising? Here Are a Few Possible Answers

Bitcoin's price is approaching a new all-time high and there are a few reasons why it has been performing so well.

Markets  ·  24 November 2020