In a new report, Wall Street giant J.P. Morgan concludes that bitcoin is undervalued relative to gold on a risk-adjusted basis and estimates it could climb 40% to $165,000 to align with the private gold market. In today's "Chart of the Day," presented by Crypto.com, CoinDesk's Jennifer Sanasie breaks down why investors are rushing to buy assets like bitcoin and gold and diversify away from the U.S. dollar. ...

Citigroup raised its year-end price target for ether to $4,500 from $4,300, citing strong flows from ETFs and digital asset treasuries. ...

ToplineGold prices surged to record highs on Wednesday, following a rally for bitcoin in recent days as investors appeared to search for a safe haven in the wake of the first government shutdown in nearly seven years, though economists noted the broader economic impact could be minimal. Investors appeared to search for an economic haven as a government shutdown posed uncertainty—with bitcoin viewed as less risky following record highs it has notched under the Trump administration.Copyright 2017 The Associat ...

Getty Images September meant the arrival of a range of new crypto-based ETFs. Key Takeaways Three notable crypto ETFs launched recently: the REX-Osprey XRP ETF, the REX-Osprey DOGE ETF (DOJE), and the Grayscale CoinDesk Crypto 5 ETF . They've seen mixed amounts of investor support so far. Some experts expect crypto index funds like GDLC to mark a particularly breakthrough for the sector. September brought the launches of several notable crypto exchange-traded funds. They haven't all been instant hit ...

(e)Mail call. - MarketWatch photo illustration/iStockphoto Dear Charlie, I read your latest piece about BlackRock BLK backing gold GC00 and bitcoin BTCUSD, and Jeffrey Gundlach recommending gold. You make me laugh, which is why I follow your columns, but I still have serious issues with this thesis. You keep pushing bitcoin as some kind of salvation, but it crashes 75% regularly. How is that better portfolio management than just owning the S&P 500 SPX? The U.S. stock market has delivered 10% annually an ...

After rebounding some 65% from its April lows, bitcoin seems to have hit a ceiling. The world's biggest cryptocurrency has mostly flatlined over the last three months, a period in which it has reached its record high around $124,000.There may be no obvious reason or catalyst. The risks are well-known by now - stretched valuations, positioning, concentration, and faith in AI's productivity-enhancing powers. And the Fed is cutting rates now, so that's more fuel for the rally, right? Perhaps. Or perhaps it mar ...

After months of speculation, the Federal Reserve finally trimmed interest rates by 25 basis points. And not only has the central bank lowered interest rates, Chair Powell indicated that additional cuts may follow. With rate cuts back on the menu, investors and advisors may feel compelled to move their cash around. This includes the cash they have in money market funds, which will offer diminishing returns, along with the cash sitting idle. However, the question remains: where should advisors and investors l ...

(Reuters) -Morgan Stanley will offer cryptocurrency trading on its platform E*Trade from the first half of 2026 through a partnership with Zerohash, an infrastructure provider for the digital assets. At launch, E*Trade clients will be able to trade bitcoin, the world's largest crypto token, as well as ether and solana, a spokesperson for Morgan Stanley said on Tuesday. Once a niche asset class dismissed as speculative, cryptocurrencies have grown into a market worth trillions of dollars over the past dec ...

"By approving these generic listing standards, we are ensuring that our capital markets remain the best place in the world to engage in the cutting-edge innovation of digital assets†, said SEC Chairman Paul S. Atkins. "This approval helps to maximize investor choice and foster innovation by streamlining the listing process and reducing barriers to access digital asset products within America's trusted capital markets.†More Favorable Regulatory Environment Welcomed by Advisors Last week, the SEC approved ...

BitMine Immersion Technologies (BMNR), chaired by Tom Lee, said Monday it now controls more than 2% of ether's supply and raised $365 million to expand its holdings. The company announced this morning that its treasury, valued at $11.4 billion as of Sept. 21, consists of 2,416,054 ETH at $4,497 per token, 192 bitcoin (BTC), $345 million in cash and a $175 million equity stake in Eightco Holdings. BitMine described itself as the world’s largest public holder of ether and the second-largest crypto treasury ...