The March 12 crash is still fresh in crypto traders’ and fund managers’ minds, leaving some to think no trading decisions are the best decisions for now.
Demand for gold is skyrocketing and the clamor for scarce assets in a remote-first world was precisely where bitcoin was supposed to shine. But it's complicated.
Gold-backed crypto tokens continue to rise in price as sourcing gold itself during the coronavirus-induced downturn is reportedly getting more difficult.
Financial markets rebounded Tuesday after prospects for a stimulus package out of the U.S. Senate improved. Most cryptocurrencies are gaining, too.
How would a bitcoin economy react to coronavirus? For now, we don’t know. However, we can turn to a proxy for insight: gold.
Gold is up Monday and so are most cryptocurrencies, seemingly buoyed by the U.S. Federal Reserve's drastic action to thwart the coronavirus’ effects on markets and the economy.
Prices in the crypto market are seeing such a steep upward trend that arbitrage traders are able to trade between exchanges to easily capture profit.
Cryptocurrency markets stabilized somewhat as traditional financial markets found some footing Tuesday.
Bitcoin prices have been on a roller-coaster ride since Sunday afternoon after the Federal Reserve slashed rates a full percentage point and promised to pump $700 billion into the U.S. economy. But now bitcoin volume is picking up.
It turns out cold, hard cash with a helping of government bonds - not bitcoin or gold - is where people turn in the face of a pandemic and "apocalyptic" market turmoil.
We asked CoinDesk readers where they're putting their money in this weird financial period. The answers were surprising.
CoinDesk's Noelle Acheson points out the real narrative shift is in the broader market, not bitcoin.
Bitcoin jumped the most in two weeks Monday, surging alongside U.S. stocks amid speculation that the Federal Reserve and other central banks will support markets as the coronavirus spreads.
As U.S. stocks tumbled on Monday by the most in six months amid renewed coronavirus fears, bitcoin barely budged - at least in terms of the notoriously volatile cryptocurrency’s trading history.
Tether is issuing a new stablecoin as ERC-20 and TRC20 tokens, backing their price with one ounce of gold.