BTC’s 10% increase outpaced ETH’s 4.5% climb, which is an aberration, given ETH’s outperformance since July. Most risky assets were higher on the day, as traders appear to be shrugging off Federal Reserve Chairman Jerome Powell’s hawkish comments on inflation. Bitcoin’s outperformance relative to other risky assets on Friday, however, implies that traders see BTC’s recent sell-off as overdone.
China’s Leading Blockchain Advocate Faces Investigation
Yao Qian, a prominent ‘pro-blockchain official’ in China, is under investigation by Chinese authorities for undisclosed “violations of law.” The...