Bitcoin Retakes $29,000 Amid First Republic Bank Uncertainty
Bitcoin bounced back after shares in First Republic Bank tumbled, reigniting the cryptocurrency's value proposition as a “safe haven” asset.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Hecla, Coeur Mining shares jump 13% on US Treasury buyback plan boost
The Treasury's buyback plan may shift investor strategies, impacting commodity markets and influencing future fiscal and monetary...
Bitcoin’s Q2 selloff split Wall Street as banks bought, hedge funds cut and sovereigns held
Bitcoin fell 14.2% in the second quarter, while institutional Bitcoin ETF holdings rose 7.5% over the same period, climbing from 4...
SEC Unveils Two Crypto Funding Exemptions and Token Safe Harbor
The SEC proposed Regulation Crypto Assets includes a conditional safe harbor that could allow a crypto asset to be delinked from a...
Bitcoin price hits $69,500 because US just doubled Treasury buybacks to crush long-term yields
Bitcoin and Ethereum surged above $69,500 and $2,000 on Wednesday after the US Treasury doubled planned buybacks of long-dated gov...
SEC Proposes Regulation Crypto Assets, Its First Major Crypto-Specific Offering Rules, With Two Exemptions and a Safe Harbor
SEC Tuesday proposed Regulation Crypto Assets, the agency’s first rulemaking written specifically for crypto asset offerings. The...
Ripple’s $50B Valuation Keeps IPO Talk in Check
Ripple CEO Brad Garlinghouse struck a noticeably softer tone on the company’s IPO prospects at the Wyoming Blockchain Symposium, e...