The cryptocurrency is now slightly lower, trading around $65,700 at press time, although buyers could hold support above $63,000-$65,000 into Asian trading hours. Intraday charts are showing initial signs of upside exhaustion, which typically lead to a brief pullback in BTC’s price. Still, upside momentum signals are improving on the daily price chart for the […]
Bitcoin faced a pullback below $65,000 in the past 24 hours, a more than 4% decline, after it surpassed $69,000 for the first time in its history during U.S. As CoinDesk’s David Morris wrote, the deeply indebted Chinese real estate developer has been an important factor to the much broader financial market, crypto included. Intraday […]
Core inflation, which strips out the volatile food and energy component, rose 4.6%, the highest pace since August 1991. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. […]
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Damanick is a crypto market analyst at CoinDesk where he writes the daily Market Wrap and provides technical analysis. […]
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. …Read the […]
Bitcoin’s uptrend continues with prices rising over 10% this month, extending October’s 40% gain and setting a new record high of over $68,000. According to Arcane Research, the number of open contracts on CME, when excluding the BITO contracts, is down 45% since its Oct 25 peak. The CME-based futures, particularly the regular ones with […]
trading hours on Tuesday ranging between $63,500 and $68,500, with a slightly elevated volume across major centralized exchanges. Data collected by CoinDesk shows that bitcoin’s trading volume has risen in the past two days, but it is still far from the high level last seen on Oct. Meanwhile, the bitcoin Fear & Greed Index, which […]
“There is a positive sentiment that often engulfs the crypto markets toward year’s end,” Galina Likhitskaya, vice president at smart contract audit company HashEx, wrote in an email to CoinDesk. Overall, analysts agree that BTC’s breakout to an all-time high could signal the start of a final leg higher this quarter. The number of open […]
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. …Read the […]
The markets have been in bull mode since the beginning of the October, with the crypto market in total adding nearly $1 trillion to its total value in just a month. As CoinDesk reported, bitcoin is widely perceived by many investors as a store-of-value asset like gold, making the crypto a haven as worries about […]
Bitcoin continued to rise toward its all-time price high of nearly $66,000 on Monday. For now, charts suggest further upside in bitcoin if a breakout above $66,000 is confirmed this week. Despite lower trading volume in the spot market, ether’s option volumes have risen to their highest level since May. The leader in news and […]
Bitcoin broke above a short-term downtrend and looks poised to retest its all-time price high of about $66,900. Upside momentum is improving after a two-week consolidation phase of between $60,000 and $64,000. If a new all-time high is confirmed, indicators suggest further upside for BTC’s price, initially toward the $86,000 resistance level. The leader in […]
Ether, the native token of Ethereum’s blockchain, also broke its previous record early Monday; its price briefly passed $4,700 around 1:00 UTC, according to CoinDesk data. Yuya Hasegawa, crypto market analyst at Japan’s exchange bitbank, said sinking real or inflation-adjusted bond yield may be powering bitcoin higher. On-chain data also show bullish signs for bitcoin […]
Bitcoin’s trading volume continued to decline over the past week as alternative cryptocurrencies such as ether rose to new price highs. “Active speculators in the cryptocurrency market are jumping from one coin to another, trying to ride the small waves,” Alex Kuptsikevich, an analyst at FxPro, wrote in an email to CoinDesk. Bitcoin’s correlation with […]
Prior to 2021, bitcoin’s three-month implied volatility – investors’ expectation of how turbulent prices will be over the ensuing three months – spiked during both bull and bear runs, according to data from crypto data firm Skew. Newton also sees further upside in ETH relative to BTC if price resistance near 0.08 is broken. The […]
Treasurys will drop to $70 billion a month from $80 billion, while purchases of government-backed mortgage securities will decline to $35 billion a month from $40 billion. central bank left interest rates unchanged at close to 0%, but a growing number of analysts in traditional markets are predicting the Fed might have to start hiking […]
10-year breakeven rate, which represents how the market foresees long-term price pressures, recently rose to a decade high of 2.64%, according to the Federal Reserve Bank of St. This programmed code reduces the pace of supply expansion by 50% every four years, putting the cryptocurrency’s monetary policy at odds with the Federal Reserve’s decades of […]
The unprecedented amount of buying by the Fed as part of its monetary stimulus plan known as quantitative easing provided a tailwind for financial assets, such as cryptocurrencies, deemed by the market to be risky. “We haven’t even seen an episode of FOMO yet, so the sharpest bull-run part of the rally is yet to […]
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. …Read the […]
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. …Read the […]