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Like tech stocks, bitcoin sometimes benefits from low interest rates and improved market liquidity, which can lead to better sentiment and greater investment in growth assets. Stock Chart Icon Stock chart icon Bitcoin turns higher after two days of losses"There has been an inverse relationship between rates and bitcoin price," said Oppenheimer executive director Owen Lau. "When the Fed increased interest rates in 2022, it took out liquidity from the market, which impacted bitcoin and tech stocks. When the Fed cuts rates, it provides liquidity to the market, which should benefit risky assets such as bitcoin. The Dow Jones Industrial Average , S&P 500 and Nasdaq Composite all closed at record highs after the Fed meeting wrapped up.

Persons: Bitcoin, cryptocurrency, Cryptocurrencies, Oppenheimer, Owen Lau, It's, Ether, Solana, dogecoin, MicroStrategy, CleanSpark, bitcoin, We've, Vijay Ayyar Organizations: Getty, Metrics, Federal, Polygon's, Iris Energy, Marathon, JPMorgan, Dow Jones, Nasdaq, CNBC

☆ Here's what a bitcoin ETF actually means for investors
▼ + stars: | 2024-01-11 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

A false statement saying the regulator had approved a bitcoin ETF was published Tuesday on the SEC's social media account on X, formerly known as Twitter. CNBC runs through everything you need to know about the bitcoin ETF milestone. As crypto investors look to assess what the market impact of a bitcoin ETF might be, many are comparing Wednesday's news to the greenlighting of the SPDR Gold Shares ETF — the first-ever spot gold ETF — in 2004. A bitcoin ETF opens up the audience of people and institutions that can buy and sell bitcoin to those with little experience trading cryptocurrency. "There is now a U.S. bitcoin spot ETF, and bitcoin is no longer considered shady or infamous.

Persons: Vijay Ayyar, Ayyar, Kevin de Patoul Organizations: . Securities, Exchange, U.S, Ark, Twitter, CNBC, — Locations: BlackRock, Invesco, U.S

☆ Crypto execs says the bull run is underway and could lead to $100,000 bitcoin in 2024
▼ + stars: | 2023-12-04 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

"It feels that [2023]was a year to get ready for the bull run that is yet to come. But the sentiment is very hopeful for [2024] and 25," Pascal Gauthier, CEO of Ledger, told CNBC last week in an interview. Since then, the crypto industry has been hit with a litany of issues from the collapse of coins and projects to bankruptcies and criminal trials. It began with Standard Chartered last week which reiterated an April price call that bitcoin would hit $100,000 by end of 2024. "Combined with geopolitical crosscurrents, this healthy dose of monetary support should push Bitcoin to new highs in 2024."

Persons: Chino, Bitcoin, Pascal Gauthier, Ledger, Sam Bankman, Changpeng Zhao, David Marcus, Marcus, Facebook's, Diem, Gauthier, Vijay Ayyar, Matrixport Organizations: Getty, CNBC, U.S . Department of Justice, bitcoin, Standard Chartered, Federal Reserve

Thin liquidity and big playersCrypto "market depth" has been sitting at very low levels this year. Market depth is a measure of liquidity in a market. According to data firm Kaiko, bitcoin's market depth has fallen 20% since the start of this year. Low liquidity, which has been a feature of the crypto market all year, is also partly behind bitcoin's 80% year-to-date rally. "I think trading volumes and price volatility are two of the most telling indicators of crypto market activity.

Persons: Andriy Onufriyenko, Bitcoin, Kaiko, Jamie Sly, Sly, bitcoin, Clara Medalie, Morgan Stanley, Goldman Sachs, Carol Alexander, Alexander, you've, Vijay Ayyar, Ayyar, CCData's Sly Organizations: BlackRock, CNBC, BTC, Securities, Exchange Commission, Retail, University of Sussex, Citadel, Fidelity Locations: U.S, CoinGecko, Invesco, Blackrock

☆ Bitcoin rallies 10% to highest level in over a month as traders get bullish on ETF news
▼ + stars: | 2023-06-21 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Bitcoin rose to its highest level in more than a month on Wednesday, as traders got excited about the prospects of a spot bitcoin ETF following a series of recent applications from companies including BlackRock . The price of bitcoin jumped 10% to $29,405.22 at about 11 a.m. ET, the highest point since May 6, according to CoinGecko data, extending gains from earlier in the day. Investors are growing bullish about the prospects of BlackRock and other major institutional names getting involved in digital assets. "The slate of spot bitcoin ETF application announcements by larger institutions has definitely brought back bullishness into the crypto markets," Vijay Ayyar, head of international markets at CoinDCX, India's largest crypto exchange, told CNBC.

Persons: Bitcoin, bitcoin, Vijay Ayyar, Ayyar Organizations: Mobile, CNBC, BTC Locations: Barcelona, Spain, BlackRock, CoinDCX

☆ Crypto exchange owned by embattled conglomerate Digital Currency Group loses top global exec
▼ + stars: | 2023-05-02 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

DCG, Luno's parent company, has been grappling with the ongoing fallout from last year's plunge in token prices and the collapse of FTX. Vijay Ayyar, a senior executive at cryptocurrency exchange Luno and one of its earliest employees, is leaving the company. It comes after the company, which is owned by Digital Currency Group, announced the closure of its operation in Singapore, where Ayyar is based. "I'll be leaving Luno after 7 years at the company," Ayyar said in a WhatsApp message. In addition to his corporate responsibilities at Luno, Ayyar also serves as something of a crypto market guru, providing frequent commentary to the press on moves in markets.

☆ Bitcoin climbs 5% above $28,000 as investors shrug off regulatory crackdowns
▼ + stars: | 2023-03-29 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Industry insiders said the bank collapses have sent investors looking for alternatives to the traditional banking system and there is also anticipation of a slowdown in interest rate rises, which is helping bitcoin. Bitcoin climbed sharply Wednesday as investors shrugged off initial fears surrounding U.S. regulators' crackdowns on industry giants and became willing to take some risk. Bitcoin has retaken the $28,000 level after dipping below it on Monday following news of the U.S. Commodity Futures Trading Commission FTC's lawsuit against Binance. Investors have taken some comfort from the thought of a reversal in the U.S. Federal Reserve's interest rate hiking moves, which put pressure on risk assets like stocks. Bitcoin has been known to follow movements in equity markets, with investors treating it like more of a traditional risk asset.

☆ Bitcoin market gains $26 billion after hitting 9-month high as banking crisis sparks rally
▼ + stars: | 2023-03-20 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

ET Monday, the value of all the bitcoin in circulation gained around $26 billion. Bitcoin jumped on Monday as some investors turned to digital currencies amid a crisis in the traditional banking sector. The rally in bitcoin comes amid turmoil in the global banking sector which was sparked by the collapse of Silicon Valley Bank in the U.S. On Sunday, UBS agreed to buy Credit Suisse for 3 billion Swiss francs ($3.2 billion) in a deal partly brokered by the Swiss regulators looking to stem contagion across the global banking sector. Other cryptocurrencies are not seen as "digital gold" by proponents in the same way that bitcoin is.

☆ Bitcoin is already up 50% this year — beating stocks and gold
▼ + stars: | 2023-03-15 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

In this article BTC.CM= Follow your favorite stocks CREATE FREE ACCOUNTBitcoin is up 50% so far in 2023, beating major commodities and stock indexes. Filip Radwanski | Sopa Images | Lightrocket | Getty ImagesBitcoin is up 50% this year despite the collapse of major crypto-focused banks, beating major stock indexes and commodities. Interest rate outlookThe bank collapses came after a year of interest rate hikes from the U.S. Federal Reserve. But it sold those assets at a hefty loss because interest rate rises had pushed the price of Treasurys lower. Bitcoin vs. stocks

☆ More than $70 billion wiped off crypto market in 24 hours as bitcoin drops 8% below $20,000
▼ + stars: | 2023-03-10 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

The cryptocurrency market saw more than $70 billion wiped off its value over the course of the 24 hours to 5:12 a.m. On Tuesday, U.S. Federal Reserve Chairman Jerome Powell indicated that interest rates may go higher —and stay higher — than expected. The raising of interest rates over the past year has weighed on risk assets such as stocks, and in particular cryptocurrencies. Banking worriesAnother major factor weighing on crypto prices is the collapse of Silvergate Capital, a major lender to the crytpo industry. Providing traditional banking services while also funding tech projects, it is considered a backbone of the venture capital industry in the U.S.

☆ Bitcoin surges 11% despite U.S. crackdown, as crypto market gains $84 billion in value
▼ + stars: | 2023-02-16 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Jakub Porzycki | Nurphoto | Getty ImagesCrypto markets rallied on Thursday, shrugging off a tougher regulatory stance from the U.S. government. The value of the entire cryptocurrency market rose more than $84.8 billion in the 24 hours before 3:39 a.m. Crypto markets were on edge earlier this week following increased regulatory scrutiny from U.S. authorities on digital currencies. On Monday, the New York State Department of Financial Services told Paxos to stop minting new Binance USD, or BUSD, stablecoins. A stablecoin is a type of cryptocurrency pegged to a real-world asset and some are backed by assets such as bonds or cash.

☆ Crypto markets on edge as U.S. regulatory crackdown on industry intensifies
▼ + stars: | 2023-02-14 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Paxos has been ordered by New York regulators to stop issuing the Binance USD (BUSD) stablecoin. On Monday, the New York State Department of Financial Services told Paxos to stop minting new Binance USD, or BUSD, stablecoins . Investors are digesting a number of major regulatory actions in the U.S., as authorities look to rein in the once free-wheeling cryptocurrency industry. Digital currency markets are on edge after a flurry of aggressive regulatory actions from U.S. authorities over the past few days. There is no official SEC action against Paxos currently.

☆ Bitcoin's 2023 rally gathers steam as cryptocurrency briefly tops $23,000
▼ + stars: | 2023-01-23 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

1 token briefly topped $23,000 for the first time since Aug. 19, 2022, according to data from CoinGecko. The Fed and other central banks began cutting interest rates in 2022, shocking holders of risky asset classes, like stocks and digital tokens. Economists previously told CNBC they predict a Fed rate cut could happen as soon as this year. The Fed is likely to keep interest rates high for the time being. Bitcoin short sellers have been squeezed by sudden upward moves in prices, according to Ayyar.

☆ New Year, new rally: Why bitcoin is up 26% this month after a tumultuous 2022
▼ + stars: | 2023-01-16 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

"The most important macro data investors are focussing on is the weak services PMI and the trending down of employment and wage data. 'Whales' buying BTCLarger purchasers of digital coins known as "whales" may be leading the latest rally in bitcoin, according to Kaiko. Several bitcoin miners have been flushed out by the drop in prices. Bitcoin miners, who use power-intensive machines to verify transactions and mint new tokens, have been squeezed by the slump in prices and rising energy costs. That's historically a good sign for bitcoin, according to Ayyar.

☆ Bitcoin jumps above $18,000 to highest level in a month, as FTX lawyers recover $5 billion
▼ + stars: | 2023-01-12 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Bitcoin on Thursday surged to its highest price in nearly a month, as traders bet on an U.S. inflation cooldown and digest news that lawyers for defunct crypto exchange FTX found billions of dollars' worth of assets, boosting hopes for its users. On Wednesday, attorneys for collapsed crypto exchange FTX said they had found around $5 billion in "liquid" assets, including cash and digital assets. The recovery will be a welcome boon to FTX customers after the crypto exchange imploded in November. FTX lawyers nevertheless warned the $5 billion cache was so high that selling the assets could lead to significant downside pressure on the market, driving down their value. "This could also mean that the market thinks the worst is over for crypto and that most negative news in now priced in."

CNBC rounds up some of the boldest price calls for bitcoin in 2023. Bitcoin miners, who use power-intensive machines to verify transactions and mint new tokens, are being squeezed by the slump in prices and rising energy costs. "In prior down markets, miner capitulation has usually indicated major bottoms," Ayyar told CNBC. However, Mobius told CNBC that he is sticking for his $10,000 price call in 2023. "There will be a managed bull market in 2023, not a bubble -- so we won't see the price overshooting as before," she told CNBC.

☆ Bitcoin tops $17,000 for the first time in two weeks but analysts don't expect the bounce to stick
▼ + stars: | 2022-11-30 | by ( Arjun Kharpal | ) www.cnbc.com time to read: 1 min

More than $1.3 trillion has been wiped off the cryptocurrency market so far in 2022 as the fallout from the FTX collapse continues to weigh on investor confidence. Bitcoin on Wednesday rose to a two-week high as investors continue to weigh up the fallout from the collapse of cryptocurrency exchange FTX. But one analyst warned that the bounce is likely just a bear market rally and would not be sustained. Bitcoin topped $17,000 trading at its highest level since Nov. 15 before paring gains. The world's largest cryptocurrency was trading 2% higher at $16,879.50 at around 2:37 a.m.

☆ European Central Bank says bitcoin is on the 'road to irrelevance'
▼ + stars: | 2022-11-30 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

The European Central Bank gave a strong critique of bitcoin on Wednesday, saying the cryptocurrency is on a "road to irrelevance." "More likely, however, it is an artificially induced last gasp before the road to irrelevance — and this was already foreseeable before FTX went bust and sent the bitcoin price to well below USD16,000," they wrote. Bindseil and Schaff said that bitcoin didn't fit the mold of an investment and wasn't suitable as a means of payment, either. "Bitcoin's conceptual design and technological shortcomings make it questionable as a means of payment: real Bitcoin transactions are cumbersome, slow and expensive," they wrote. "Bitcoin has never been used to any significant extent for legal real-world transactions."

☆ Bitcoin bounces off 2-year low with 5% rally even as traders remain cautious after FTX collapse
▼ + stars: | 2022-11-23 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

The crypto market has been battered this year, with more than $2 trillion wiped off its value since its peak in Nov. 2021. Cryptocurrencies have been under pressure after the collapse of major exchange FTX. Bitcoin jumped higher on Wednesday bouncing off the previous day's two-year low, even as traders remain cautious over the possible contagion from the collapse of cryptocurrency exchange FTX. The world's largest digital currency rose more than 5% to trade at $16,497.19 at around 3:34 a.m. Markets remain on edge after the fall of FTX, a once $32 billion empire which was one of the world's largest cryptocurrency exchanges.

☆ Binance's rescue of FTX shows no crypto company is 'too big to fail,' experts say
▼ + stars: | 2022-11-09 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Ben Mcshane | Sportsfile | Getty ImagesBinance's agreement to salvage rival cryptocurrency exchange FTX from collapse shows how no one is safe from the chill of crypto winter, according to industry experts. "It shows that no one is too big to fail," said Pascal Gauthier, CEO of crypto wallet firm Ledger. On Monday, the CEO of cryptocurrency exchange FTX, Sam Bankman-Fried, took to Twitter in since-deleted tweets to play down concerns his crypto trading empire was at risk of collapsing. The debacle highlights how the crypto industry is becoming more centralized and straying from its decentralized roots, according to Gauthier. "FTX is a very big warning for everyone," Gauthier said in an interview on CNBC's Squawk Box Europe Wednesday.

But for the past few months, bitcoin's price has bounced stubbornly around $20,000 in a sign that volatility in the market has settled. Large crypto investors with highly leveraged bets like Three Arrows Capital were floored by the pressure on prices, further accelerating the market's drop. Mastercard announced a service that allows banks to offer crypto trading, having previously launched a new blockchain security tool for card issuers. In a note released Thursday, analysts at the bank said there were parallels with bitcoin's trading in Nov. 2018, when prices steadied for a while before rising steadily. Publicly-traded bitcoin miners sold 12,000 bitcoins in June and only around 3,000 in September, according to Goldman Sachs.

☆ Bitcoin surges 7% to top $20,000, its highest level in more than a week, even as stocks hit 2022 lows
▼ + stars: | 2022-09-27 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Nurphoto | Getty ImagesCrypto investors have been watching monetary policy because digital currencies have been closely correlated to U.S. stock markets this year. Interestingly, bitcoin's rally, which began on Monday, happened despite a fall in U.S. stocks with the S&P 500 closing at its lowest level of 2022. So, there are signs that perhaps the correlation between crypto and stocks could be weakening. Bitcoin moves inversely to the dollar, so a strong greenback is negative for bitcoin. However, Ayyar said that the dollar index could be nearing its top which would mark a potential bottom for bitcoin.

☆ Ether drops 15% since major Ethereum network upgrade as traders take profits and fret over rate hikes
▼ + stars: | 2022-09-20 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Ethereum underwent a huge network upgrade called the merge which proponents say will make transactions much more energy efficient. Following the merge, ether prices have dropped following a huge run up ahead of the event. Ether has fallen more than bitcoin since the cryptocurrency's underlying technology, the Ethereum network, underwent a huge upgrade called the merge. The merge is an upgrade to Ethereum that changes the validation mechanism for transactions from a proof-of-work method to proof-of-stake. Ahead of the network upgrade, the price of ether roughly doubled from the lows of the year in June, far outpacing bitcoin's gains.

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