pricpr

On the last Friday-a day that might as well have been named Friday the 13th-Bitcoin plunged over seven percent, landing in the murky waters of a three‑week low at $65,700. The coin, which has huddled between $65,000 and $72,000 since that dreadful February crash, now calls on its devotees to watch the line of support as if it were a last night at a disastrous inn, with everyone leaving early knowing that the doors are suspended.

I’ve been following the market closely, and in a recent CNBC interview, Jeffrey Gundlach shared my own cautious outlook on stocks. He’s looking at the VIX – that’s the Chicago Board Options Exchange’s volatility index, which essentially gauges how much swings investors expect – and it’s not giving him a lot of confidence right now. Basically, he’s saying he’s not overly excited about equities at the moment, and I tend to agree.

During a recent discussion on innovation in financial markets, Representative Sam Liccardo asked Randall Guynn, a director at the Federal Reserve, if the agency was updating payment systems fast enough. He pointed to Ripple as an example of technology that could make transactions quicker and less expensive.