The crypto market was slammed in Monday's global sell-off, with bitcoin (BTC-USD) briefly trading below $50,000 and ethereum (ETH-USD) briefly seeing its...
Matt Hougan, Bitwise Asset Management CIO, explains why bitcoin is so prone to steep declines, saying"It's a speculative asset. It's a liquid asset that can be sold particularly on the weekends. Those things combined to draw the price down substantially." In the long term, Hougan believes bitcoin's fundamentals are still in place and expects a recovery in the"relatively near term.
When it comes to the bitcoin ETFs, many of them took big losses on Monday. Hougan believes that is because they trade on Monday through Friday schedule and not on the weekends, like the underlying asset. As a result, they had to"catch up" on Monday However, he notes that the Bitwise Bitcoin ETF may be partly to blame. The chip giant is reportedly facing a delay in its Blackwell AI chips as investors anxiously await returns on AI investments.
71-year-old was found shot to death in his trailer when his brother went to pick him up for church Sunday 71-year-old was found shot to death in his trailer when his brother went to pick him up for church SundayCompany expects to commercialize the investigational ARC-EX® System in Q4 2024 and has commenced launch preparations Company preparing to initiate global pivotal trial for investigational ARC-IM® Therapy to address blood pressure instability after spinal cord injury Company expects to advance clinical and development activities for its unique ARC-BCI™ brain-computer interface...
Olathe teen, 17, killed in crash on July 27 is remembered for his selfless acts of kindness, humor and brotherly love. A memorial service is planned for Monday.
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