With BTC looking at gloomy short-term price predictions and altcoins on the rise, CoinDesk’s Market’s Daily is back with the latest crypto news roundup.
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Some are now forecasting an extension of Monday’s 20% price drop as more bitcoin moves onto exchanges and institutional demand cools.
The global head of commodities research, Jeff Currie, believes the amount of institutional money in bitcoin needs to grow to mature the asset.
Bitcoin and ether may be pulling back from their all-time highs but alternative cryptos are starting to see action.
In a speech at a Reuters online event Wednesday, Lagarde said bitcoin was a “highly speculative” asset.