Previous close | 3,335.69 |
Open | 3,335.69 |
Day's range | 3,333.83 - 3,442.11 |
52-week range | 2,384.00 - 6,186.87 |
Start date | 2015-08-07 |
Algorithm | N/A |
Market cap | 412.799B |
Circulating supply | 120.32M |
Max supply | N/A |
Volume | |
Volume (24 hrs) | 37.15B |
Volume (24 hrs) all currencies | 37.15B |
Order book liquidity refers to the market's ability to absorb large buy and sell orders without influencing the spot price.
The fallout from the 2022 crisis has pushed the industry to innovate. One of the most promising developments has been the rise of tokenized money market funds. These funds offer a way to generate yield, says Jason Liebowitz, Head of Private Wealth at Hashnote.
Bitcoin (BTC-USD) prices are falling, with the cryptocurrency dropping below the $57,000 level Wednesday morning. CoinDesk Indices managing director Andy Baehr joins Catalysts to discuss his outlook on the digital asset. Baehr acknowledges it's been a rough summer for crypto. He notes many cryptocurrencies have a "time series effect," explaining that "once they start going, they tend to keep going." However, for bitcoin, after the spot bitcoin ETF "honeymoon" aura began to fade, "things have been flat," Baehr explains. Historically, September is a rather challenging month for both equities (^DJI, ^IXIC, ^GSPC) and the crypto market. "For now, it's just keep on keeping on and just wait for the next catalyst to take us higher," Baehr tells Yahoo Finance. Looking ahead, Baehr believes the current setting for bitcoin is "perfect." He points out that with potential Federal Reserve rate cuts on the horizon, this could be a great macro driver for the currency. However, he cautions that uncertain factors like the upcoming election could still impact the market. "For longer-term investors, we think right now is the time to maintain the faith and keep going," he states. Baehr emphasizes that for the broader crypto market to thrive, bitcoin needs to perform well, as it often leads the way for other digital assets to move higher. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith