A simple equation helps explain the heated rally in bitcoin: More coins are being bought each day than new ones are being created.
Invesco on Friday became the fifth major U.S. investor to exit or scale back their involvement with the Climate Action 100+ coalition of investors, which aims to push highly polluting companies to cut their carbon emissions. The move follows a decision by the fund arms of JPMorgan and State Street and bond giant Pimco to leave in recent weeks, while BlackRock reduced its involvement with the group.
Cryptocurrency News: Crypto prices and related stocks faded slightly Friday after rallying this week as bitcoin dipped below $62,000. Coinbase stock remained extended beyond its buy range after Monday's breakout.