Crypto Wall Street: Goldman Sachs to underwrite Coinbase IPO while JPMorgan says Bitcoin “overbought”BTC $22,874 (-4.9%) • ETH $612 (-6.3%) • XRP $0.52 (-10.2%)
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Wall Street is coming for crypto and how. The two US banks have previously contended against the growth of cryptocurrencies but have turned a bright eye for Bitcoin this year. Multiple reports over the weekend stated that while Goldman Sachs could underwrite Coinbase’s upcoming initial public offering, JPMorgan issued a client note stating that Bitcoin was in “overbought” territory but remained bullish in terms of the long-term. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. Trending … 🚜 DeFi Tokens • 🔮 Oracle Tokens • 📈 Biggest Gainers • 💵 Stablecoins Featured videoIs Bitcoin the orange pill? Max Keiser and Stacy Herbert discuss what everyone gets wrong about BTC
The Bitcoin boom in 2020 is undoubtedly one for the history books. The year is turning out to be one where the pioneer cryptocurrency has shed off its underground image and has found its way to the portfolios of legendary investors, software companies, and even sovereign funds. More news ⏬Charlie Lee explains 45% Litecoin (LTC) rally in face of strong Bitcoin dominance runUnlike what many traders expected, the past few weeks and months have been all about Bitcoin. Analysts think Bitcoin may be overextended as bulls fail to hold $24,000Bitcoin has undergone a strong rally over the past week, moving from $19,000 to highs near $24,300. Ledger data leak leaves crypto community furious, here’s what to do nextLedger, the popular hardware wallet, said today that data belonging to over 1 million customers was leaked on a hacker forum. Angel investor says crypto DeFi is one of the best “frontiers” in Silicon Valley todayThe decentralized finance (DeFi) space has seen extreme growth this year, as evidenced by the $15 billion worth of capital now sitting in this space’s contracts. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
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Crypto Wall Street: Goldman Sachs to underwrite Coinbase IPO while JPMorgan says Bitcoin “overbought”