Tags : 30k

Market

Guggenheim CIO Says Institutional Demand Not There to Sustain Bitcoin

Scott Minerd, chief investment officer of the multi-billion dollar investment firm Guggenheim Partners, believes bitcoin may struggle to stay above $30,000. In an interview with Bloomberg Television on Wednesday, Minerd said he didn’t think bitcoin‘s institutional investor base was “big enough” or “deep enough” to justify its current valuation. The comments come weeks after he […]Read More

Market

Bitcoin Drops Below $30K, Dollar Bounces Ahead of Fed Reserve

Bitcoin and global equities are trading lower, while the anti-risk U.S. dollar is climbing ahead of a U.S. Federal Reserve meeting later today that may inject volatility into financial markets. The number-one cryptocurrency by market value is trading near $29,500 [updated] at press time, representing a near 10% drop on the day, according to CoinDesk […]Read More