Bitcoin
Why Bitcoin is up 1.5% today
Analysis
Bitcoin rose about 1.5% over the past 24 hours as sentiment improved on regulatory and market-structure news. Cointelegraph reported the SEC approved Nasdaq to list Bitcoin index options, a development that can be read as supportive for broader institutional access and liquidity.
Contributing Factors (3)
SEC approves Nasdaq to list Bitcoin index options on the exchange
The cash-settled, European-style contracts will trade under the ticker QBTC on Phlx, but still require CFTC approval before trading can begin.
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Bitcoin is currently flashing classic "early bull market" signals, according to Fidelity Investments’ Director of Global Macro, Jurrien Timmer.
Bitcoin is ready to beat stocks and bonds again after underperformance against Wall Street
Former Credit Suisse global head of portfolio and Risk Dimensions CIO Mark Connors says bitcoin has broken out of its longest stretch of underperformance in history and is ready to beat stocks, bonds,...
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