Bitcoin broke above $52,000 Wednesday, with a market capitalization nearing $1 trillion. Bitcoin (BTC) trading around $52,231.69 as of 21:00 UTC (4 p.m. ET). Gaining 7.16% over the previous 24 hours. Bitcoin’s 24-hour range: $48,430.80-$52,536.47 (CoinDesk 20) BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians. Bitcoin trading on Bitstamp since Feb. 15. Source: TradingView Bitcoin trading […]
Muyao Shen
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Bitcoin faced choppy markets for most of Tuesday after briefly trading above $50,000 for the first time during early U.S. trading hours. With some remaining bullish, other analysts and traders warned about near-term price correction. Bitcoin (BTC) trading around 48,810.95 as of 21:00 UTC (4 p.m. ET). Gaining 0.39% over the previous 24 hours. Bitcoin’s 24-hour range: $47,088.84-$50,584.85 (CoinDesk 20) BTC between its 10-hour and 50-hour […]
Bitcoin was trading between $47,000 and $48,000 for much of Thursday, breaking the $48,000 level multiple times throughout Thursday. Traders and analysts told CoinDesk they remain bullish on the overall market, as institutional investors’ interest in bitcoin is growing “at a staggering pace.” Bitcoin (BTC) trading around $47,174.04 as of 21:00 UTC (4 p.m. ET). Gaining 5.48% over the previous 24 hours. Bitcoin’s 24-hour range: $44,057.64-$48,635.84 […]
Tesla’s $1.5 billion bitcoin investment couldn’t have come at a better time for the electric car manufacturer. As it happened, about the time the company revealed its massive stake in the cryptocurrency on Feb. 8, Chinese officials had announced that five agencies were questioning Tesla about quality and safety issues. Specifically, China’s State Administration for Market Regulation issued this short statement on Feb. 8 at 8:00 […]
Cardano (ADA) and polkadot (DOT) are now fourth- and fifth-most valued crypto assets, respectively, after they both surpassed XRP in market capitalization earlier Monday. That’s due to the recent rally in decentralized finance (DeFi) and the increased cost of using the Ethereum blockchain. According to data from analytics site Messari, cardano’s market cap stands at approximately $21.82 billion while and polkadot’s is at roughly $19.83 billion. […]
The lunar Chinese New Year this year is on Feb. 12, right around the corner. But unlike in previous years, some analysts and traders say the “Chinese New Year Dump,” a belief bitcoin’s (BTC) price would drop around the holiday period, will not take place this year. Why? The impact of retail traders in China has been reduced. Some argue the “Chinese New Year dump” will […]
Crypto exchange Bitfinex claimed Friday it repaid the remaining balance of a $550 million loan to its sister firm, Tether, the issuer of the tether (USDT) stablecoin. In 2018 the exchange borrowed more than $600 million from Tether, with which it shares executives and ownership. The transaction was made public in April 2019 after the New York Attorney General’s Office (NYAG) alleged Bitfinex lost $850 million […]
Balances of dai (DAI) and USD coin (USDC) on exchanges reached new all-time highs in the past week, according to data from Glassnode. The increase may be a bullish indicator for the crypto market as a whole if it reflects buyers’ plans to use the two stablecoins to buy more crypto assets. The balance of dollar-pegged USDC on exchanges reached over $915 million Friday, while the […]
Some retail equities traders, frustrated with recent restrictions on stock buying on trading platforms including Robinhood, are turning their attention to centralized and decentralized cryptocurrency exchanges (CEX and DEX, respectively), according to new data. That’s helping to drive several of these exchanges’ tokens to new highs. Last week GameStop (GME) and and other stocks involved in a battle between a short-selling hedge fund and a Reddit […]
Rallies in GameStock (NYSE: GME) shares as well as dogecoin (DOGE) and bitcoin (BTC) are piquing the betting interest of traders in China as much as they are in the United States. On Weibo, the popular social media platform in China, the highly active crypto community is speculating on which cryptocurrency will be next to get a major pump after dogecoin and bitcoin jumped in recent […]
Crypto trading platform Voyager has gone off-line several times since Thursday due to “immense ongoing volume,” after its official Twitter account sent out multiple tweets encouraging users to buy and trade dogecoin (DOGE) on its app. “We’re still working to stabilize our scalability, and performing system upgrades,” according to a tweet from Voyager. “We just wanted to keep you updated as we work to get the […]
Bitcoin’s price reversed Wednesday’s losses on Thursday. Traders and analysts, however, have largely kept a short-term bearish view because some are attributing gains in bitcoin and other cryptocurrencies to GameStop’s stock drama. Bitcoin (BTC) trading around $32,607.78 as of 21:00 UTC (4 p.m. ET). Gaining 3.17% over the previous 24 hours. Bitcoin’s 24-hour range: $29,921.96-$32,934.56 (CoinDesk 20). BTC above its 10-hour and 50-hour averages on the […]
Bitcoin’s (BTC) price has recovered from Wednesday’s losses since the U.S. markets opened Thursday morning. However, traders and analysts are not sure whether the rebound is sustainable, with some telling CoinDesk it was likely the result of GameStop’s stock drama. Source link
January ushers in a new tax season. It is also, historically, a time when bitcoin underperforms relative to the other months of the year. Some analysts say that may not be a coincidence. From 2014 to 2020, bitcoin was down in four out of seven Januarys and six out of the past seven Marchs. According to Delphi Digital, average losses for those months were 5.24% and […]
Bitcoin’s price dropped as much as 10% during early trading hours on Tuesday as bitcoin miners started selling a large amount of the cryptocurrency for the first time since October. There is not enough demand to absorb the additional coins on the market because institutions want an idea of how the new Biden Administration will view bitcoin and other cryptocurrencies. At the press time, bitcoin was […]
Ether’s latest rally to all-time highs appears to be driven, in part, by the sort of institutional investors who piled into bitcoin in 2020 for its digital gold narrative. More institutional investors are seeing ether as a store of value, according to Coinbase’s annual review for 2020. The crypto exchange noticed “a growing number” of its institutional clients have taken positions in ether, the native currency […]
Data from on-chain data site Glassnode shows the number of addresses with 1,000 or more bitcoin (often called “whales”) continued to increase this week while bitcoin’s price dropped, dipping below $30,000 on Thursday. The count of such addresses dropped in late December and has spiked again since the beginning of 2021. As well, the number of the total bitcoin transactions on the network remains high, according […]
Bitcoin’s price slumped by around 5.6% in the past 24 hours thanks to some Asian traders taking a short-term bearish view and concerns the new Biden administration in the U.S. will seek to put a damper on cryptocurrency use. Profit-taking occurred in the spot market during Asian market hours after bitcoin failed to consolidate around the record high of $40,000 in the past week. In the […]
Fans of K-Pop girl group Mamamoo will soon be able to buy digital products related to the band using blockchain technology. RBW (Rainbowbridge World), a South Korean entertainment company representing Mamaoo and other popular K-Pop artists such as Vromance and Oneus, is jumping into the cryptocurrency world by issuing non-fungible tokens (NFT) on Hong Kong-based exchange Xeno. The tokens give K-Pop fans and other investors a […]
As prices for bitcoin and other cryptocurrencies continue to surge this year, many traders are looking for any indicator for when – or if – the bull market will come to an end. Some are convinced they have the answer: They are examining polkadot (DOT), the native token of the Polkadot blockchain, as a potential canary in the coal mine for cryptocurrency. As of press time, […]
As prices for bitcoin and ether retreat from their recent highs, the strong performance of other cryptocurrencies indicate traders and investors may now be turning to alternative coins (altcoins) for potential high returns. Data compiled by CoinDesk Research shows that as of Jan. 11, prices for both bitcoin and ether were about 87% and 78%, respectively, of their all-time highs. Yet, other CoinDesk 20 assets were […]
While many U.S. crypto exchanges are using the latest bull run to spruce themselves up in hopes of impressing institutional investors and regulators, China’s so-called “Big Three” centralized crypto exchanges (CEX) – Binance, Huobi and OKEx – are slinging mud at each other. The latest flap is over a bogus video that purports to show a single sell order of 21 million bitcoin on Binance on […]
Bitcoin’s active addresses and trading volumes broke their previous all-time high set in late 2017. Source link
Monday’s plunge has erased almost all the gains the leading cryptocurrency had achieved in the new year. Source link
The recent euphoria in cryptocurrencies morphed into a severe sell-off, as bitcoin prices dove 12% on Monday, which would be the most for a single calendar day since March. Prices for the largest cryptocurrency had soared last week to an all-time high of $41,962, and that level was apparently sufficient to prompt some cryptocurrency miners to take profits. Declines were broad-based across digital-asset markets, with ether (ETH), XRP […]
XRP’s double-digit gains could be the result of a bold bet by retail investors, especially those in Asia, that the cryptocurrency’s price could follow the broader crypto bull run. The latest rally surprised many because it is happening not long after XRP crashed on the news the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Inc., claiming the company sold the token as […]
The number of addresses holding over 1,000 bitcoin (worth of approximately $37.5 million at the current price) is now at 2,334, a new all-time high, after the number dropped at the end of December by 3.7% to 2,221. This is an indication “whales” (large bitcoin holders) have been bullishly accumulating more bitcoin and driving the price higher. The 2,334 addresses each holding more than 1,000 bitcoin […]
Prices for MKR, an Ethereum-based governance token, surged to their highest levels in more than two years on Wednesday. MKR was trading at $1,068.53 as of press time, up 44% in the past 24 hours. However, it was trading at $1,251.14 earlier in the day, close to its Jan. 21, 2018, record of $1,798.70. Analysts told CoinDesk the recent rally was just a delayed and long-anticipated […]
The “kimchi premium” has returned. Price premiums for bitcoin on South Korean exchanges have hit two-year highs, indicating retail investment interest in cryptocurrencies is surging in that country. However, analysts and traders warn that certain market players could take advantage of arbitrage opportunities, resulting in short-term price volatility. The “kimchi premium,” named for a popular Korean pickled side dish, also helps to explain why bitcoin prices […]
Prices for DOT, the native token of Polkadot network and cross-chain protocol for data and asset interoperability, have risen more than 40% in the last week after two votes of confidence by Binance, the biggest crypto exchange by spot trading volume. Source link
Few seem to be bothered by bitcoin’s volatility on Tuesday, as the No. 1 cryptocurrency by market capitalization declined to the $26,000 level after its first-ever trades above $28,000 on Sunday. Many market participants are convinced retail and institutional investors will push bitcoin’s price higher after the holiday lull. Bitcoin (BTC) trading around $26,937.67 as of 21:00 UTC (4 p.m. ET). Gaining 0.37% over the previous 24 […]
Data indicates DeFi could take a huge bite out of CeFi when it comes to the ether cryptocurrency. Source link
Bitwise Asset Management, a provider of cryptocurrency index funds to professional investors, announced Wednesday that its 10 Crypto Index Fund is now available to U.S. investors as a public-traded cryptocurrency index fund. After a Form 211 for quotation of the fund’s shares were reviewed by the Financial Industry Regulatory Authority (FINRA), the Bitwise 10 Crypto Index Fund was enabled to be listed on the over-the-counter markets […]
With the launch of a new blockchain – Stacks 2.0 – earlier next year, Blockstack PBC’s cryptocurrency Stacks token (STX) could be available to investors in the U.S. once it is no longer considered a security under U.S. Securities and Exchange Commission (SEC) regulations, according to public documents. Blockstack, a decentralized computing platform that aims to put users in control of their data and identity, launched […]
Bitcoin was lower, pushing prices back down below $19,000 toward where they started the week. Digital-asset traders have been speculating whether prices would quickly breach $20,000 after the cryptocurrency surged earlier this week to a new all-time high of $19,920. But so far the market hasn’t been able to carry through. “In the short run, this rally has endured for a good while and prices might […]
Less than a week ago, bitcoin’s price set a new all-time high at $19,920.53. However, the oldest cryptocurrency is still struggling to break above the $20,000 level. The reason that milestone remains elusive, according to analysts and traders, is simple: There are too many sell orders very near the $20,000 level because some bitcoin holders are afraid of near-term sell-offs. That price point is particularly significant […]
A sharp drop in OKEx’s trading volume and stablecoin reserves – tether (USDT) in particular – may reveal an ongoing exodus of its users after the popular crypto derivatives exchange unexpectedly halted all crypto withdrawal activities for about five weeks. Data from analytics service CryptoQuant shows that the amount of tether held in OKEx wallets has dropped to 6.69 million from 275.0 million between Nov. 25 […]
Those new to crypto, such as the institutional investors recently buying into bitcoin’s “digital gold” narrative, might now be looking around for the next big thing. With the long-anticipated arrival of the Ethereum 2.0 upgrade on Dec. 1, that could be the network’s native token, ether. But analysts say ether should be judged on its own merits and not as a bitcoin replacement. “I’ve always thought […]
While some near-term pricing correction is likely to be expected, analysts who spoke to CoinDesk said bitcoin’s latest rally will be more sustainable for the long term compared with 2017, the last time bitcoin’s price hit an all-time high. One difference from the last bull run? The current market has gained support from a new wave of institutional investors mainly based in North America. “You could […]
The unexpected five-week-long suspension of OKEx’s crypto withdrawal service has left many of its users, largely based in China, disappointed and determined to leave or reduce holdings on the exchange when withdrawals resume sometime this week. “We will still trade on OKEx but our investment will be much more diversified and [we] will reduce our position on OKEx to about one-third of our previous one,” Alex […]
OKEx, likely trying to forestall a mass exodus of funds when its five-weeks-long freeze on withdrawals lifts this week, on Tuesday said it will offer a mix of compensation and rewards to users who’ve suffered because of the suspension. Meanwhile, a spokesperson from the Malta-based crypto exchange has confirmed with CoinDesk that the date to resume its cryptocurrency withdrawal service will be sometime before the previously […]
Bitcoin’s price has been up dramatically since the very day popular exchange OKEx announced the suspension of all crypto withdrawal service on its platform. However, while some tie the two together, many market observers do not see a reason to associate the latest price rally with OKEx’s issues. Bitcoin’s latest rally came after OKEx’s suspension on all crypto withdrawal.Source: CryptoQuant While the price of bitcoin gained […]
The Bitcoin Cash network, a result of a hard fork from Bitcoin, has split into two new blockchains, again. At press time, Bitcoin Cash ABC (BCH ABC) has received no hashpower, meaning that it is possible Bitcoin Cash Node (BCHN) will become the dominant software of the Bitcoin Cash network, according to data from Coin.Dance. The last “common block” among bitcoin cash miners was #661647, mined […]
The latest flash loan attack in the decentralized finance world has caused a total loss of $6 million. Source link
There are still a lot of uncertainties around the scheduled Bitcoin Cash fork event on Nov. 15, but one thing is for sure: The cryptocurrency’s biggest advocate, Roger Ver, executive chairman of Bitcoin.com, is not a fan of the scheduled upgrades on the network, which take place every six months. “If PayPal knew that this sort of contentious hard fork was likely to happen, maybe they […]
As the Chinese government cracks down on several crypto exchanges catering to traders based in China, many of those customers – and their bitcoin – have been making their way to Binance over the past few days. Bitcoin flows to Binance from Huobi reached an all-time high since the Huobi chief operating officer, Robin Zhu, allegedly went missing on Nov. 2. According to data provided by […]
Bitcoin was higher, pushing toward the upper edge of its recent range between about $14,700 and $15,600. “The positive sentiment towards bitcoin has not gone away,” said Denis Vinokourov, head of research at crypto prime broker Bequant. In traditional markets, Asian shares tumbled, led by Alibaba and Tencent, as Chinese government issues regulations designed to curb growing influence of big tech companies. European shares were up, and […]
Centralized exchange tokens have been skyrocketing this year, but none more so than Hxro, which has gained over 1,000% year-to-date. One of the reasons they have been doing so well might be because exchange tokens have been taking on the behavior of equity in the companies behind the exchanges, arguably the top revenue-getters in the crypto sector. Unlike stocks, exchange tokens are unregulated. Thus, as they […]
Cryptocurrency deposit withdrawals are still suspended at the OKEx exchange following a founder’s recent arrest, but officials with the Malta-based company are moving ahead with other matters, including planning around an upcoming hard fork on the Bitcoin Cash blockchain. Source link
Bitcoin has pulled back from 2020’s highs while ether slips as DeFi cools off. Bitcoin (BTC) trading around $12,919.97 as of 20:00 UTC (4 p.m. ET). Slipping 1.36% over the previous 24 hours. Bitcoin’s 24-hour range: $12,731.06-$13,192.25. Bitcoin’s price had a minor pullback Friday after hitting fresh new 2020 highs that put it above $13,000 in the past week. However, analysts and traders said they were […]
Two cryptocurrency trading firms are merging, and in a rare twist, so are their tokens. Voyager Digital, a publicly traded digital asset brokerage with offices in New York, has agreed to buy LGO, a French crypto exchange primarily serving institutional investors, as the company expands to Europe. The transaction requires regulatory approval, which the parties said they expect to receive by the end of this year, […]
Bitcoin (BTC) has risen above $13,000 in less than 24 hours after it broke the $12,000 level on the news that PayPal will support cryptocurrencies on its platform. Source link
Harvest Finance, a decentralized platform that lets users automatically “farm” assets for the highest returns in other decentralized finance (DeFi) projects, now has more than $700 million in total value locked, according to DeFi Pulse, unseating decentralized derivatives exchange Synthetix. Source link
The Huobi cryptocurrency exchange assured users its trading platform is “currently operating normally” after one of its biggest competitors, OKEx, announced it suspended all cryptocurrency withdrawals indefinitely. “Huobi’s cold wallet uses multi-signature and threshold signature technology to ensure the security of the private key signature process,” Ciara Sun, vice president of Huobi Global Markets, told CoinDesk in a Wechat message. “Multiple people and multiple backups ensure […]
Cryptocurrency exchange Binance’s latest experiment to integrate decentralized finance with its centralized platform, Binance Smart Chain, is not here to beat DeFi, said the company’s CEO, Changpeng “CZ” Zhao. Instead, it aims to accelerate crypto and DeFi’s mass adoption. “Today, 99.9% of the money is still in fiat,” said Zhao in a one-on-one session with CoinDesk’s Leigh Cuen, during CoinDesk’s invest: ethereum economy virtual conference Wednesday. […]
The U.K. Financial Conduct Authority’s decision to ban individual investors from speculating on bitcoin and other cryptocurrencies is likely to have a minimal impact, partly because the market is so small, according to analysts and industry executives who track the trading business. Some U.K.-based brokerages that had offered the crypto derivative products to retail traders could see a drop-off in revenue, though big cryptocurrency exchanges including […]
The largest U.S. regulated market for bitcoin futures has been sounding out cryptocurrency traders to gauge their interest in a listing of futures and options on the Ethereum blockchain’s native tokens. Source link
Chinese tech companies were once seen as copycats of their Western peers: Alibaba was a knockoff of eBay and Baidu imitated Google. More recently, Chinese firms like TikTok and Huawei have established such dominant international positions that U.S. authorities have tried to hold them back. Now, the technological arms race is playing out in the cryptocurrency industry, where one Chinese company is taking on Ethereum, the […]
Binance, Gemini, and Kraken have become the biggest winners since US regulators’ charges against BitMEX on Thursday. Source link
Four years ago, when the Seychelles-based cryptocurrency exchange BitMEX announced a new product called the “perpetual bitcoin leveraged swap,” few traders in nascent digital-asset markets could have anticipated what a major impact the obscure roll-out would have on the industry. But the instrument, which made it easy for customers to trade the equivalent of $100 of bitcoin for every $1 down, proved hugely popular and successful […]
It might be part of every job in crypto to anticipate and react to fast-moving developments that seemingly change the industry’s direction overnight. And apparently not even Changpeng “CZ” Zhao, the high-profile leader of Binance, the world’s largest cryptocurrency exchange, is immune to the industry’s capricious shifts. In a video interview with CoinDesk’s Muyao Shen, Zhao acknowledged that the emerging blockchain sector of decentralized finance, known as DeFi, […]
The balance of bitcoin on major exchanges has hit its lowest levels since November 2018. Yet unlike that time, when bitcoin was in the depths of the crypto winter, some see this current spate of low bitcoin balances on exchanges as a sign that a new generation of investors is putting its money in it for the long term. Total Bitcoin Balances on All Exchanges(Glassnode) The […]
The total value of stablecoins has now surpassed $20 billion, reflecting the growing demand of investors looking to hedge their risks in both crypto and traditional markets amid the coronavirus pandemic. Source link
Prices for both Bitcoin and Ether fell sharply in the past 24 hours, after a drop in global equities. Source link
A group of anonymous Uniswap users is trying to unite the many small holders of the UNI governance token to deal with potential problems in the automated market maker’s (AMM) governance. Yet that is what the launch of UNI last week was supposed to do. The big initiative being promoted by this “union” is UNI Innamorare (or UNII), a token to be used by the Uniswap […]
Uniswap’s governance token, UNI, which was launched Wednesday night, has been on a roller-coaster ride in the past 24 hours, but despite the price volatility the total market cap of UNI could make the automated market maker (AMM) one of the most valuable decentralized finance (DeFi) projects in the coming years. Based on 1 billion tokens outstanding and a current market price of $3.50, the project […]
Federal Reserve officials said Wednesday that they would hold U.S. interest rates close to zero and work to push inflation above 2% “for some time.” Source link
Decentralized finance (DeFi) has been grabbing the headlines and capturing the imagination of traders in recent weeks and some of the biggest centralized cryptocurrency exchanges seem to be afraid they’re missing out. That’s why they are now trying to reposition themselves as integral parts of this exploding sector, particularly as traders in China grow more interested in DeFi. Huobi announced Tuesday it was adding 10 more […]
Binance continues to chase after decentralized finance, known as DeFi, by giving its new Binance Smart Chain access to its centralized exchange. Source link
Huobi, the third-largest crypto exchange by derivatives trading volume, is now giving users a way to earn relatively attractive interest rates on a bitcoin or USDT savings account. The product, launched Sept. 7, is the exchange’s latest bid to beat its competitors as it boosts its assets under management. Huobi’s addition targets retail traders less interested or involved in day-to-day trading activities but still willing to […]
Despite three “51% attacks” in a month, Ethereum Classic’s price has demonstrated strong resilience. Though down a bit for the past month, its persistence may indicate that security is not a top priority for investors rushing to join a bull run in the crypto market. However, some warn that unless it improves its blockchain and makes it safer, additional attacks on Ethereum Classic could trigger a […]
Cryptocurrency exchange Huobi is taking aim at competitor OKEx in China, specifically the business of trading bitcoin futures and other derivatives contracts. The fight opens a new front in a longstanding rivalry. OKEx, which is led by Chinese executives and based in Malta, is the world’s biggest crypto derivatives exchange, with outstanding contracts valued at $1.26 billion, according to the data site CoinGecko. Huobi, also led […]
Growing institutional interest is helping to drive a recent spike in volume on Bakkt, according to its president, Adam White. But the U.S.-regulated crypto derivatives exchange is holding out hope its dormant options platform will eventually gain traction. Trading volumes for physically settled bitcoin futures on Bakkt rose to $134 million on Tuesday from a previous high of $132 million on July 28, according to crypto […]
Cryptocurrency exchange Bitstamp told CoinDesk it will migrate its customer accounts from its London-based Bitstamp Limited to its entity in Luxembourg. But operations at Bitstamp Limited will not be affected by this decision, according to the company. “[This is] a move that has been planned for months,” Vasja Zupan, chief operating officer of Bitstamp, confirmed with CoinDesk in an email response. “This does not involve any […]
The “Bitcoin Rich List” reached a new high, possibly because of more interest from institutional and high-net-worth investors. Source link
Prices for ren, the token for the RenVM DeFi network, surged by more than 100% over the past week. That’s because the total amount of renBTC, a tokenized bitcoin that is locked in RenVM, broke 10,000 on Monday, according to data collected by DeFi Pulse. Source link
OKEx has confirmed a loss of approximately $5.6 million in Ethereum Classic (ETC) from two recent 51% attacks and is considering removing ETC from its exchanges. Yet, as the cryptocurrency exchange with the highest trading volume of ETC, OKEx acknowledged that removing ETC from trading would not be an easy decision to make, according to Jay Hao, chief executive of the exchange. “Given ETC’s popularity and […]
George Ball, the former chief executive officer of Prudential Securities and now CEO of Sanders Morris Harris, suggested that bitcoin or other cryptocurrencies could be “a safe haven” for investors and traders as an alternative investment. Ball, who claimed himself as a Bitcoin and blockchain opponent, said in an interview with Reuters on August 14 that bitcoin or another cryptocurrency is “very attractive” both in the […]
The long-existing, U.S. dollar-ruled financial system could come to an end amid challenges from a potential multiple-currency system, which includes digital currencies, according to an Aug. 14 research note by Dick Bove, noted senior research analyst at Odeon Capital Group LLC, a New York City-based investment bank. Source link