Bitcoin is experiencing its worst fourth quarter since 2018, with a decline of over 22% so far, according to data from CoinGlass. This downturn marks one of the weakest year-end periods for the cryptocurrency outside of major bear markets. Traders are showing signs of fatigue as the market struggles.
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Coinbase CEO Brian Armstrong stated that major banks now perceive cryptocurrency as an "existential" threat to their traditional business models. He highlighted that the rise of digital assets is prompting banks to reevaluate their strategies and adapt to the changing financial landscape. Armstrong emphasized the importance of innovation
BitGo's stock fell below its initial public offering (IPO) price on its second day of trading, reflecting investor concerns about the company's future prospects. The stock opened at $10 but dropped to around $8.50, marking a significant decline. Analysts have pointed to the volatile nature
Bitcoin is struggling to fulfill its role as a 'safe haven' asset compared to gold, particularly during times of economic uncertainty. Recent market trends show that Bitcoin's price is highly volatile and often correlates with riskier assets, rather than acting as a stable store of value.
The article explores the potential for stablecoins to operate independently of the US dollar, highlighting the growing interest in alternative backing assets such as commodities and cryptocurrencies. It discusses the challenges stablecoins face, including regulatory scrutiny and market volatility, which can undermine their stability. Some projects are experimenting with decentralized