The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Featuring views and opinions written by market professionals, not staff journalists.Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was Cardano, rising 31.79%.
One of the more dependable trading patterns in crypto appears to have become less reliable during the swift drawdown from the all-time highs reached amid the exuberance around the re-election of Donald Trump. In the past, smaller tokens referred to as altcoins tended to outperform Bitcoin toward the end of crypto rallies. That has changed this cycle with tokens like Solana and Dogecoin closely mirroring Bitcoin, according to Bloomberg.
Chicago-based trading giant Jump is returning its U.S. cryptocurrency operations to full strength after scaling it back over the past couple of years due to regulatory scrutiny and uncertainty. Jump is looking to hire a clutch of crypto engineers and plans to start filing U.S. policy and governmental liaison roles in due course, according to Bloomberg. Investors withdrew $2.49 billion from crypto-focused exchange traded products during the past month, according to Bloomberg.
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