Vildana Hajric Bloomberg

The decoupling of Bitcoin and stocks could revive one of the longstanding promises of cryptocurrencies heralded by their proponents -- that they can serve as a hedge to protect investment portfolios when equities sell off during times or turmoil.

"We try our best to not tweet fake news and this time we really screwed up," Charlie Lee, creator of Litecoin and managing director said.

Ether, the native token of the most-used blockchain, jumped 36 per cent in August, more than double the 13 per cent return for holders of bitcoin during the same period

Cardano has doubled this month, becoming the third-largest digital asset, Binance Coin is also up and a token named Avalanche has tripled in August

Whether it's crypto entrepreneur Justin Sun paying $500,000 for a picture of a rock, or cartoonish depictions of penguins and apes, NFTs are at the center of the speculative buzz that drives digital markets

The spread between Bitcoin futures and its spot price has shriveled relative to February, when the cryptocurrency was in the midst of a rally that ultimately reached an all-time high

Out are predictions that bitcoin would retest $20,000 amid a slew of negative headlines that many said would push it lower and back in vogue are calls for the coin to rally to all-time highs

The largest digital coin rose as much as 5 per cent to reach $46,060 during New York trading hours.

The common shares of public companies that operate exchanges usually rise and fall with the popularity of the stuff that trades on them. Coinbase Global Inc. takes that correlation to a whole other level.

Bitcoin has flirted with regaining the $40,000 mark all week but has failed to do so, showing strong resistance at that threshold.

US Securities and Exchange Commissioner Gary Gensler gave what may be the strongest sign of support yet from the agency for a Bitcoin exchange-traded fund. Crypto fans, though, are not exactly thrilled. At the centre of the issue is what an approved fund would track.

Bitcoin has also retreated below its 100-day moving average and it may see additional weakness until its 50-day moving average support around $34,773

Animal spirits are alive and well in the cryptocurrency world, with the frenzy sending Dogecoin surging as much as 50 percent again and crashing Robinhood’s trading app.

Everything started innocently enough, way back in 2019, with people on message boards swapping ideas about a left-for-dead chain of mall stores.

Last week, for example, Bitcoin managed to trade 179 per cent above its average price over the past 200 days, three times as high as the Nasdaq 100 ever got during the heyday of the dot-com bubble.

The decoupling of Bitcoin and stocks could revive one of the longstanding promises of cryptocurrencies heralded by their proponents -- that they can serve as a hedge to protect investment portfolios when equities sell off during times or turmoil.

"We try our best to not tweet fake news and this time we really screwed up," Charlie Lee, creator of Litecoin and managing director said.

Ether, the native token of the most-used blockchain, jumped 36 per cent in August, more than double the 13 per cent return for holders of bitcoin during the same period

Cardano has doubled this month, becoming the third-largest digital asset, Binance Coin is also up and a token named Avalanche has tripled in August

Whether it's crypto entrepreneur Justin Sun paying $500,000 for a picture of a rock, or cartoonish depictions of penguins and apes, NFTs are at the center of the speculative buzz that drives digital markets

The spread between Bitcoin futures and its spot price has shriveled relative to February, when the cryptocurrency was in the midst of a rally that ultimately reached an all-time high

Out are predictions that bitcoin would retest $20,000 amid a slew of negative headlines that many said would push it lower and back in vogue are calls for the coin to rally to all-time highs

The largest digital coin rose as much as 5 per cent to reach $46,060 during New York trading hours.

The common shares of public companies that operate exchanges usually rise and fall with the popularity of the stuff that trades on them. Coinbase Global Inc. takes that correlation to a whole other level.

Bitcoin has flirted with regaining the $40,000 mark all week but has failed to do so, showing strong resistance at that threshold.

US Securities and Exchange Commissioner Gary Gensler gave what may be the strongest sign of support yet from the agency for a Bitcoin exchange-traded fund. Crypto fans, though, are not exactly thrilled. At the centre of the issue is what an approved fund would track.

Bitcoin has also retreated below its 100-day moving average and it may see additional weakness until its 50-day moving average support around $34,773

Animal spirits are alive and well in the cryptocurrency world, with the frenzy sending Dogecoin surging as much as 50 percent again and crashing Robinhood’s trading app.

Everything started innocently enough, way back in 2019, with people on message boards swapping ideas about a left-for-dead chain of mall stores.

Last week, for example, Bitcoin managed to trade 179 per cent above its average price over the past 200 days, three times as high as the Nasdaq 100 ever got during the heyday of the dot-com bubble.