Bitcoin AUD (BTC-AUD)
- Yahoo Finance Video
Gold slides, bitcoin pops above $44K after jobs data
As the trading week comes to a close, Yahoo Finance Markets Reporter Jared Blikre checks on several key market movers, including gold commodity futures (GC=F) and bitcoin (BTC -USD) which has just crossed $44,000. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
- Yahoo Finance Video
Bitcoin: Grayscale CEO hopeful on rally despite opposition
Bitcoin (BTC-USD) is on the move, trading just below $44,000 as crypto investors inject optimism into the space over the pending regulatory approval of a spot bitcoin ETF. Grayscale (GBTC) CEO Michael Sonnenshein joins Yahoo Finance Live to weigh in on the positive sentiment charging up digital asset markets. Sonnenshein states that bitcoin could be seen as a “technology investment or a risk asset” to investors who are bracing themselves for rising inflation and potential interest rate cuts. When asked about JPMorgan CEO Jamie Dimon's recent remarks at a Senate hearing about bitcoin — noting its “somewhat anonymous” nature and room for criminal activity — Sonnenshein acknowledges the concern, but insists “this asset class is here to stay." Sonnenshein ultimately believes that banks and other “legacy institutions” will be forced to adapt to new technology and asset classes, cryptocurrencies include. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
- Yahoo Finance
Bitcoin is up — and the zealots are back
Bitcoin's reemergence from its "winter" has brought all of the familiar voices out of the woodwork. A big factor? A real ETF possibility.
