Market Outlook

The California fund manager joins a crowded field of firms hoping to dethrone Grayscale's GBTC.

Crypto market appears to be already looking past the harsh correction from earlier this week.

Bitcoin's bulls are taking over the market again.

Big money continues to chase bitcoin on dips, blockchain data shows.

The bitcoin market looks to be in a more healthy state after massive long liquidations blew the froth off the futures market.

"The economic recovery remains uneven and far from complete, and the path ahead is highly uncertain," the Fed chairman said.

Bitcoin analysts say this week's quick market rebound might be due to Chinese retail buyers buying the dip, using the stablecoin tether.

In a closely watched case with wide-ranging implications for the crypto market, Tether has admitted no wrongdoing and will provide reports on USDT’s reserve composition for two years.

Jhunjhunwala told CNBC he "will never buy bitcoin" and that Indian regulators should step in and ban cryptocurrencies.

Jerome Powell is likely to reiterate the Fed's pro-stimulus stance later today, possibly putting a floor under bitcoin and stocks.

Kraken said ether's price had a "sharp" downward movement on Monday.

With liquidity falling in the bitcoin market, smaller trades can have a relatively large price impact.