Institutions Are Still ‘Wait-And-See’ With Ethereum

“In terms of the volume increase in ETH this week, it was actually led by institutions, and that’s a significant part of our exchange business,” said Bitstamp USA CEO Bobby Zagotta on CoinDesk TV’s “First Mover” program Friday. There was “about 56% increase in volume from institutions versus, I think, [a] 35% increase in volume from retail users.” Author: Lawrence Lewitinn Source link

No, Tech Stocks Aren’t Driving Crypto Prices

Yet the narrative of bitcoin offsetting the devaluing dollar is even weaker than the one about it being a tech-related investment. The correlation coefficient between bitcoin and the U.S. Dollar Index is just -0.13. Against U.S. bonds, represented by the iShares 20+ Year Treasury Bond ETF (TLT), it is just -0.02. In other words, no relationship at all. Author: Lawrence Lewitinn Source link