The first half of 2021 has so far offered some significant opportunities for bitcoin bears to be wrong. That drop of 27.5% in less than two weeks put bitcoin into bear market territory, at least as far as the normal definition of a bear market is concerned. In the next two days, it would plumb […]
The price of bitcoin was dropping Thursday, going as low as $52,622 and settling at $52,964 as of press time. It’s the season for alternative cryptocurrencies, or “alts,” according to Rich Rosenblum, president of crypto market maker GSR. As of press time, the ETH/BTC pair, which signals traders rotating in and out of bitcoin into […]
Bitcoin retraced roughly 50% of the prior two-week sell-off, which ended at a low around $47,000. Ether also declined, to $2,720, after reaching an all-time high around $2,790 on Thursday. “Alts are now enjoying the attention bitcoin has brought them. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest […]
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. …Read the full story
After that, Ethereum founder Vitalik Butrin plans to implement a “sharding” upgrade in a bid to expand Ethereum’s capacity to process transactions by splitting its database into 64 mini-blockchains. A potential bull market correction in bitcoin, the top cryptocurrency by market value, cannot be ruled out and will likely lead to a temporary pullback in […]
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. …Read the full story
It then lost steam and returned to the $54,000 level but was at $54,925 as of press time. Over-the-counter crypto trader Alessandro Andreotti says bitcoin’s stagnant market is due to investors continuing to explore other cryptocurrencies. Alternative cryptocurrencies, or “alts,” are certainly shining. “You can see bitcoin dominance has been steadily decreasing over the last […]
The market is struggling to find direction, possibly due to caution ahead of the end of the Fed gathering. Inflation fears have also spread to the stock market and could soon translate into a higher consumer price index, as per a new report from Bank of America. Bitcoin may face selling pressure if the Fed […]
Stefan Coolican, chief financial officer for investment firm Ether Capital, says dumps and recoveries are just part of the crypto market. Ether’s price has tripled thus far in 2021, in part thanks to trader enthusiasm over growth in decentralized finance , by comparison, is up 89% this year. “It’s just more people understanding the value […]
Bitcoin’s correction from an all-time high of about $64,800 to around $47,000 and then back up to $55,000 at press time has shaken out short-term traders. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. …Read the full […]
Bancorp, the fifth-largest bank in America, said Tuesday it will offer a new cryptocurrency custody product in partnership with an unnamed sub-custodian. Big moves are happening in institutional crypto with news this week of mega-bank JPMorgan following the likes of Morgan Stanley and Goldman Sachs in offering a bitcoin fund to certain clients. “I’m not […]
Bitcoin has traded in a tight range over the past two days after rallying nearly 18% from the April 25 low around $47,000. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. …Read the full story
Stefan Coolican, chief financial officer for investment firm Ether Capital, says dumps and recoveries are just part of the crypto market. Ether’s price has tripled thus far in 2021, in part thanks to trader enthusiasm over growth in decentralized finance , by comparison, is up 89% this year. “It’s just more people understanding the value […]
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. …Read the full story
Based on CoinDesk 20 data, bitcoin has only been able to close above $60,000 on seven days in the entirety of its 12-year existence. In the derivatives market, funding rates had turned negative, generally seen as sign that traders aren’t hungry for long leverage. It works out to an 18% reduction in the average cost of […]
Bitcoin is roughly 16% higher off the weekend low around $47,000 as buyers responded to oversold conditions. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. …Read the full story
In other words, buyers of call and put options expiring on April 30 will suffer maximum loss if bitcoin settles at $54,000 on Friday. “Options and futures are new critical datapoints for traders. The month-end pullbacks happened as back then the max pain point was well below the spot price. At press time, bitcoin is […]
Recent headlines in the New York Times and other media outlets have decried the large energy cost of bitcoin mining, which requires complex computational power and is vital to the security of the Bitcoin blockchain. The other is on refuting those claims, diving into the minutia of energy consumption, scale and the vast array of […]
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. …Read the full story
At around 17:00 UTC on Thursday, bitcoin’s price fell from around $54,900 to $51,500 before the markets inflicted another sell-off to $48,300, according to Bitstamp exchange data. Other cryptocurrencies are also experiencing sharp sells, with XRP and ether both down 13% and 7% respectively and binance coin is down 5.8%. The leader in blockchain news, […]