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Search resuls for: "Ben Kurland"


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Bitcoin led the crypto market lower on Tuesday – the first trading day for ether ETFs – as Mt. Gox transferred more bitcoin to creditors and investors took profits following the cryptocurrency's best week since March. The market is expected to absorb the negative impact, thanks to long-term optimism on the success of ether ETFs as well as the U.S. presidential election. "Part of that is the bitcoin ETF adoption is in the early innings – a lot of the largest pools of money for that ETF have not even been turned on yet," he added. He pointed to the launch of bitcoin ETFs in January, when bitcoin surged to a record before plummeting 20% and then advanced to another new high.
Persons: bitcoin, Bitcoin, Gox, Devin Ryan, Nexo, Antoni Trenchev, Ben Kurland, Joe Biden, Kamala, Harris, Trenchev, Kamala Harris, Donald Trump Organizations: Metrics, U.S, JMP Securities, ETH Locations: Gox
Cryptocurrencies rose broadly, a day after bitcoin slumped to under $60,000 for the first time since early May, leading to a broad sell-off in crypto assets. Solana was the crypto market leader on Tuesday, however. The token tied to Chainlink, which provides data feeds on the Solana network, gained 7%. Ether gained 2% and coins linked to other Ethereum rivals rose broadly. Cardano's ADA jumped more than 6%, Polkadot advanced 5% and Binance Coin rose 3%.
Persons: bitcoin, Noelle Acheson, Solana, Ben Kurland Organizations: Metrics, Nvidia, Nasdaq, Solana Foundation, ADA, Polkadot Locations: Solana
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