Altcoins News

Story: Wall Street Dumps Altcoins, Piles Into Bitcoin Again

By Jean-Luc Maracon

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Bitcoin's winning again. Major Wall Street firms are loading up on the original cryptocurrency while dumping pretty much everything else in the digital asset space, marking a…

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JPMorgan Chase and Goldman Sachs led the charge this quarter, with both firms significantly boosting their Bitcoin positions according to multiple sources familiar with the moves.

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Daily Bitcoin volumes have exploded past smaller crypto trading, and the numbers don't lie. Bitcoin now grabs roughly 60% of total crypto market cap, up from around 45% just…

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Larry Fink didn't mince words at Tuesday's financial summit. BlackRock's CEO called Bitcoin "digital gold" and said the scarcity factor plus growing institutional acceptance…

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Not everyone's buying in yet. More on this topic: Bitcoin Hits Wall Again at K.

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Some big investors remain skeptical about Bitcoin's regulatory future, especially with the SEC breathing down everyone's necks.

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Regulatory pressure keeps building. The SEC has ramped up scrutiny of altcoin projects, citing potential securities law violations that have spooked investors and forced some…

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The altcoin space looks pretty rough right now. Ethereum dropped 15% since late February despite being the second-biggest crypto by market cap, according to CoinDesk tracking.

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Fidelity Investments made waves on March 8 by disclosing a $500 million increase in Bitcoin fund allocations.

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Binance CEO Changpeng Zhao pushed back against the Bitcoin-only narrative in a March 10 statement.

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The market waits for what comes next. Bitcoin's momentum looks strong with institutional backing, but regulatory changes or tech problems could still derail things.

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The institutional Bitcoin surge reflects broader concerns about altcoin regulatory compliance costs.

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Market makers are adjusting their strategies accordingly. Citadel Securities and Jane Street Capital have both reduced altcoin market-making operations while expanding Bitcoin…

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