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Rumors Fueling Crypto Rally Get Debunked, Leaving Enthusiasts Deflated

  • TD Ameritrade, EBay shoot down crypto expansion speculation
  • Crypto prices rally this week on no obvious explanations
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Photographer: Christinne Muschi/Bloomberg
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Crypto enthusiasts at this year’s Consensus conference might feel disappointed that some of the most optimistic speculation underpinning surging token prices isn’t panning out.

Gossip about greater mainstream acceptance of cryptocurrencies, some of which emerged at the Consensus conference in New York, helped fuel the rally in crypto prices this week. Investors were speculating that companies like EBay Inc. and trading platform TD Ameritrade Holding Corp. could be some of the latest to break into the crypto or blockchain space. But, so far, the expectations have proven to be unfounded.