Claims that Wall Street trading firm Jane Street triggers a daily 10 a.m. Bitcoin “dump” resurfaced on December 12, after BTC saw a sharp intraday drop. Social media speculation once again pointed to institutional traders and ETF market makers. A closer look at the data, however, tells a more nuanced story. What is the “Jane
Investors buy the common stock of Michael Saylor’s bitcoin (BTC) treasury company, Strategy (formerly MicroStrategy), because they have faith in management to produce ‘BTC Yield.’ Unfortunately, that metric has turned negative for the first time in years. Positive for every year since 2020 and every quarter since April 2023, BTC Yield is the increase in
Vanguard pushed a sharp line on Bitcoin after opening its platform to spot ETF trading, saying the firm still sees no long-term case for the coin. The comment came from John Ameriks, the firm’s global head of quantitative equity, who spoke at Bloomberg’s ETFs in Depth event in New York. He said the coin brings
Biggest Bitcoin critic Peter Schiff is not having it after a viral X post recently celebrated Jamie Dimon’s blockchain speech at a live TV session with Fox Business. While the post had speculated that the JP Morgan CEO, who has been a longtime Bitcoin critic, is finally changing his stance and embracing the blockchain technology,
Bitcoin keeps losing ground as every minor rise in price draws quick selling from investors who bought close to its October peak. The largest cryptocurrency slipped 3.6% to $89,502 on Friday during New York hours and has now fallen almost 30% since hitting a record high of $126,000 on October 6. Even with the Federal