Crashing markets defined the cryptocurrency story in 2018. With a gain of over 1,000 percent in last year, bitcoin price entered this year on a high. But the excesses of 2017 gave way to the sobriety of 2018. Speculators exited the market but Wall Street refused to fully commit to the new asset class. The result was a sharp drop in bitcoin price due to … Continue reading Bitcoin Price Predictions For 2019
After last year’s meteoric rise, 2018 promised much for bitcoin and cryptocurrency markets. And it delivered. Bitcoin continued to remain in the news, except for different reasons. Cryptocurrency markets crashed and their scandals multiplied. Crypto companies suffered growing pains. Big names in the financial services industry announced plans for crypto-related products. (They delayed those plans later). The SEC rejected bitcoin ETF proposals even as it … Continue reading Three Developments That Defined Crypto in 2018
2018 saw a reversal in cryptocurrency markets and fortunes. After last year’s skyrocketing valuations, a dismal crypto winter set in as valuations and trading volumes nosedived. Retail investors exited markets even as Wall Street and other institutional investors made moves. What does the situation look like for institutional investors at the end of 2018? Two recent reports paint an interesting picture of institutional trading in … Continue reading Is Wall Street Cooling Off On Cryptoassets?
“2018 has been testing,” says Jay Blaskey, digital currency specialist at BitIRA, a firm that enables its users to integrate cryptocurrency trading into their retirement accounts. The crash in cryptocurrency markets affected Blaskey’s firm but not in the usual sense of the word. During the surge in cryptocurrency prices last year, BitIRA witnessed an influx of customers attracted to the prospect of trading in cryptocurrencies … Continue reading BitIRA Saw Increased Customer Count In 2018 But Struggled To Manage Their Expectations