After finding much success in their unique “Buy the Market” feature, Circle has announced that additional cryptocurrency bundles each broken down by category are now available via the Circle Invest app. Circle Invest Debuts New Cryptocurrency “Collections” The Goldman Sachs-backed peer-to-peer payments technology company, Circle, has been aggressively expanding into the cryptocurrency space. This began…
A research note from Goldman Sachs published on Monday has painted a bull case for gold over the price of bitcoin. The bank’s research note comes at a time when the entirety of the crypto market is facing adversity and the price of bitcoin is down more than 70% from its all-time high price at…
Bitcoin is back in a place where bold upside calls are starting to circulate again, and while short-term sentiment is still mixed, one analyst believes the cryptocurrency is setting up for a powerful move that sends the price action all the way to $200,000. The call is built around a long-term cycle structure on the…
As traditional financial firms increasingly explore the integration of stablecoins into their operations, Goldman Sachs has made a bold prediction: the stablecoin sector could soon reach valuations in the trillions. This optimism comes on the heels of significant regulatory developments, most notably the recent introduction of the GENIUS Act, which aligns state and federal frameworks…
Over the past week, Citigroup and Morgan Stanley have doubled down on their plans to offer tradable instruments and products around Bitcoin. Alistair Milne, the chief information officer at Altana Digital Currency Fund, stated that the increasing interest towards cryptocurrencies as an asset class by banks and regulated financial institutions is crucial, as it demonstrates…
Like other markets, Bitcoin has been hard over the past few weeks. From the $10,500 high established in February, BTC has fallen by 41%, now trading at $6,200 as of the time of this article’s writing.Despite this downturn, a prominent macro analyst expects the cryptocurrency to soon rally above its previous all-time high.BTC Price to…
Goldman Sachs furthering investment into bitcoin, and even crypto more broadly, shouldn’t surprise anyone too much by now. The top-tier global investment and financial services firm has emphasized this quarter as the one to get their crypto services in swing, and this recent partnership announcement falls in line with exactly that. The Partnership Perspective: Galaxy…
As the first and primary cryptocurrency to exist, Bitcoin has witnessed different reactions and predictions in the industry. Its advancement over the past years has been above the growth of conventional assets. However, the recent bearish trend in the crypto market this year created doubts about the future of the token. Recently, the Chief Economic…
Goldman Sachs has taken many stances on bitcoin and cryptocurrencies at large in the past, even going as far as providing trading services to its wealthier clients. However, CEO David Solomon does not seem as keen on the digital asset. In a recent interview on CNBC’s SquawkBox, the CEO sidesteps questions regarding bitcoin and his…
The crypto market is one of the best-performing markets in 2020. Year to date, the market capitalization of all digital assets is up by approximately 80%. Bitcoin alone is up 65%. According to Goldman Sachs’ new head of digital assets, Mathew McDermott, the rally is materializing in a resurgence in institutional interest in crypto. He…