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CoinDesk is an independent operating subsidiary of Digital Currency Group , which invests in cryptocurrencies and blockchain startups. Bitcoin Protocol. What is undefined? Bitcoin's record rally could hit a wall in But intermediate term, I'm a lot more concerned than I think a lot of other people.
Part of the problem is the market's excess liquidity, Maley said. Over the summer, that sideline money fueled the mega-cap tech rally; now that those stocks have stabilized, it's driving bitcoin, he said. Zoom In Icon Arrows pointing outwards. Again, I don't think that really starts until early in the new year, but I do think it's coming soon