Goldman Sachs News

Bitcoin has decoupled from stocks and continues to rise 10 years after the Cyprus banking crisis coincided with a BTC price boom.

Goldman Sachs digital asset lead Mathew McDermott said the bank remains “hugely positive” on exploring blockchain applications.

Despite most of the crypto market being down 60% from all-time highs, BNY Mellon head of digital assets Michael Demissie says the digital asset industry isn’t going anywhere.

Blockchains aren’t meant to provide big banks with another venue for imposing new fees on users.

Is the U.S. investment bank looking to buy up distressed crypto firms amid the bear market?

Data from crypto exchange Bitstamp shows that institutional registrations on the trading platform increased by 57% in November.

Goldman Sachs executive Mathew McDermott said that their firm is already doing its due diligence on some crypto firms.

The fundamentals accompanying the previous Bitcoin bear markets are entirely different from 2022, however, putting the BTC price recovery at risk.

Bitcoin derivatives data also shows sentiment shifting in favor of a massive crash below $20,000, the current psychological support.

BTC is losing its safe haven status to the dollar, with mutual funds increasing their cash holdings by $208 billion in the first half of 2022.

The total crypto market capitalization dropped to the $1 trillion support, and weak stablecoin demand and a largely absent funding rate reflect traders’ negative sentiment.

According to John Haar, who used to count himself within the ranks of the traditional finance field, a fundamental understanding of “sound money” is preventing Wall Street from embracing Bitcoin.

Takeover rumors and an ongoing short squeeze help CEL price rally but is there enough momentum for more upside?

The crypto lender’s liquidation price on its Bitcoin loan has dropped to less than $5,000, according to DeFi industry data.

Coinbase, Three Arrows Capital and MicroStrategy headline the latest business news from the world of blockchain.