Less than half of the fund’s investments will be in bitcoin (BTC) and ether (ETH), the two largest cryptocurrencies, with the aim of diversifying allocations to smaller cap assets.
Good morning. Here’s what’s happening: Prices: Bitcoin was holding steady just below $30,000. Insights: The sad saga of Sam Bankman-Fried continues with a judge on Friday revoking the former FTX CEO’s bail. CoinDesk columnist David Morris explained why the decision was almost inevitable. Update: Judge Lewis Kaplan has now revoked Sam Bankman-Fried’s bail and returned … Read more
The market cap of altcoins is forming a bullish inverse head-and-shoulders pattern. A potential completion of the pattern would mark the beginning of alt season, according to one trader. A bullish inverse head-and-shoulders price pattern is building in the combined market capitalization of altcoins. The term “altcoin” is short for “alternative coin” and refers to … Read more
This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices Top Stories A bullish inverse head-and-shoulders price pattern is building in the combined market capitalization of altcoins. The term “altcoin” is short for “alternative coin” … Read more