Will Tether's secretiveness about its banking relationships affect its dollar peg?...Bitcoin rises slightly in Tuesday trading, while ether drops. thesamreynolds and JPRubin23 report
Bitcoin continued its recent, mini-rebound on Tuesday, at least temporarily.
"The emerging rebound from the bottom may be self-sustaining at first, as many market participants believe that the crypto market has corrected enough to become attractive for long-term buying," FxPro Senior Market Analyst Alex Kuptsikevich wrote."However, fundamentals such as halving, soft monetary policy or accelerated adoption are needed for growth to continue."
Stocks dropped, breaking a short winning streak as investors weighed central banks' approach to tame rising prices and a decline in the Conference Board's consumer confidence index. The tech-heavy Nasdaq, Dow Jones Industrial Average and S&P 500 all fell less than a percentage point.
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