News

BTC hits three-month as Nasdaq futures point to continued risk aversion in stocks and the anti-risk Japanese yen strengthens against the U.S. dollar.

Futures activity hints at an influx of fresh shorts as Monday's bearish marubozu candle points to more losses ahead.

Traders said the current bearish sentiment could be overblown and macroeconomic decisions were key to support market growth.

NAGPUR, India (Reuters) -Like thousands of his countrymen in far-flung places, flower-shop owner Ashish Nagose has been learning about trading cryptocurrencies by attending classes every weekday for the past two months in his home city of Nagpur in western India. Nagose bought and sold stock options earlier but is now venturing into cryptocurrencies as regulators have made it harder to trade equity derivatives in India. The 28-year-old believes the red-hot crypto asset class can help shield his family-owned flower shop during downturns.

Blockware CEO Mason Jappa says Bitcoin mining is the best way to dollar-cost average into BTC, offering a hands-off approach for retail investors.

The cryptocurrency market, rocked by a high-profile hack Friday morning, continued to be in hangover mode as the work week started. On Monday, a vast number of digital coins and tokens continued to lose value, some even at double-digit percentage rates. Leading altcoin Ethereum (CRYPTO: ETH) -- the token at the center of the hack -- had fallen nearly 8% in value from 4 p.m. ET in late afternoon trading.

Robinhood said the SEC ended an investigation into its crypto unit in what appears to be another move by the Trump administration to undo an aggressive approach to that industry.