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Stock impact report

Bitcoin's Wild Price Swings Point to the Rising Influence of ETF Buyers [Yahoo! Finance]

BIT Mining Limited ADS (BTCM) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Saudi Arabia Steps Up Arrests Of Those Attacking Israel Online Apple Rallies Most in 18 Months on Upbeat Forecast, Buyback Everything Apple Plans to Show at May 7 ‘Let Loose' iPad Event Trump Auditions VP Picks Before Wealthy Donors in Palm Beach Turkey Confirms All Trade Halt With Israel Over War in Gaza The largest cryptocurrency surged Friday after a report showing a smaller-than-forecast increase in US employment renewed expectations for interest rate cuts, raising the appeal of speculative assets. The rally helped to erase most of the losses registered earlier in the week posted on growing concern Federal Reserve officials were becoming more hawkish and demand for the ETFs is ebbing. “What this week has taught us is that Bitcoin at all-time-high and the new development of Bitcoin ETFs basically open Wall Street's participation into the Bitcoin market in a way we've never seen before,” said Stéphane Ouellette, chief executive officer of FRNT Show less Read more
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