Market Moves: A look at how crypto products performed over the month of August. Ethereum-based products saw gains while bitcoin products struggled, perhaps due to attention on Ethereum ahead of the much-anticipated Merge.
Chart of the Day: Bitcoin underperforms against the rest of the market in August.
Market conditions remained choppy on Wednesday with bitcoin (BTC) hovering around the $20,300 mark, down slightly on the day. Stocks were mixed and futures tied to the Dow Jones Industrial Average and S&P 500 wavered.
“There's clearly a lack of conviction in the markets following a lot of hawkish central bank commentary in recent days,” wrote Craig Erlam, OANDA analyst in a morning note.
“The narrative that investors want to believe is that inflation has peaked and is falling in the U.S. and that a soft landing is plausible. That doesn't necessarily align with what we're hearing,” said Erlam.
The UK, U.S. and EU are all on track for 75 basis point (0.75 percentage point)...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...