As of press time the largest cryptocurrency by market capitalization was up 1.3% in the past 24 hours, trading at $40,127. 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 […]
Bitcoin dropped to $38,300 early Monday as renewed coronavirus outbreak in China threatened to worsen the high inflation-low growth situation facing the global economy. That was expected, given the implied volatility looked cheap compared to its historical standards and lifetime average. That’s well below the nearly $50 billion total for Circle’s USDC, or the $82 […]
The global equity markets are a sea of red, with European stocks hovering at one-month lows and the futures tied to the S&P 500 nursing a 0.7% drop. The Chinese yuan fell to 6.553 against the dollar, hitting the lowest since November, a sign markets are concerned about a slowdown in the world’s second-largest economy. […]
Given the holiday week, this newsletter will be a bit lighter on analysis than usual, but I have some interesting charts for you. The empirical bit is made up of the “Fear and Greed Index,” which aims to quantify how apprehensive or avaricious market participants are by looking at factors like volatility, volume, dominance and […]
Joining “Opinionated” hosts Ben Schiller and Danny Nelson is George Kaloudis, research analyst at CoinDesk. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is […]
“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. 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 […]
In this episode, we discuss what happened, what the scam was and three simple rules that, if followed, will help protect you from similar breaches. 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 […]
SkyBridge Capital, the investment firm founded by financier and former Donald Trump aide Anthony Scaramucci, started a new investment vehicle, to invest in bitcoin mining, according to a U.S. 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 […]
Do Kwon, co-founder of Terraforms Labs and the project’s leader, described LFG in a tweet as a “decentralized reserve” for UST. “It is a psychological backstop, similar to FDIC, to comfort people that this in fact is not a house of cards.” FDIC stands for the Federal Deposit Insurance Corp., which insures U.S. So questions […]
Bitcoin , the world’s largest crypto by market capitalization, dipped below $40,000, the midpoint of a three-month price range. Further, the rising correlation between BTC and stocks means investors are more sensitive to the impact of rising interest rates on asset values, similar to what occurred in 2014 and 2018. On Friday, most alternative cryptocurrencies […]
Worldwide searches for bitcoin have reached mid-2020 levels as of April 22, 2022, with readings of 17 for the week of April 17-April 23. This, however, does not mean the total number of searches for that term is decreasing, but just means its popularity is decreasing compared to other searches. Data suggests most searches for […]
Bitcoin dipped below $40,000 on Friday, the midpoint of a three-month long trading range. BTC was trading around $39,400 at press time and is down by 5% over the past 24 hours. A positive momentum signal on bitcoin’s daily chart was invalidated on Thursday, which typically precedes a period of price weakness. Most technical indicators […]
Bitcoin backed away from Thursday’s high of $42,965 during the New York trading day. Alternative cryptocurrencies continued their lead relative to bitcoin on Thursday, indicating a greater appetite for risk among traders. By then it’s too late to position for a rally, so a reading above 50% could signal a shift from bearish to bullish […]
Created by Japanese journalist Goichi Hosoda in the late 1960s, the Ichimoku cloud comprises two lines – the leading span A and the leading span B. In technical analysis, stochastics are indicators that oscillate between 0 and 100, helping traders identify oversold and overbought conditions and trade entry and exit points. The three-day rise has […]
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. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the […]
According to Glassnode, a large amount of bitcoin supply has been accumulated between the $38,000 and $45,000 price range, as reported by CoinDesk’s Damanick Dantes in Market Wrap. It’s what underpins this fancy new machine, which has over $100 billion in value currently locked in. Crypto derivatives trading – which pumps through hundreds of billions […]
Many bulls had given up on the possibility of a spot bitcoin ETF getting approved this year given the SEC’s numerous rejections based on concerns about the lack of investor protections and appropriate market surveillance. As CoinDesk’s Nikhilesh De pointed out last week, SEC Chairman Gary Gensler said last year he felt more comfortable with […]
Bitcoin returned above $40,000, which is the midpoint of its three-month long price range. The relative strength index on intraday charts is approaching overbought levels, similar to what occurred in late-March, which preceded a pullback in price. For now, BTC continues to hold support above $37,500 – a key level that has kept the recovery […]
Good morning, and welcome to First Mover, our daily newsletter putting the latest moves in crypto markets in context. The top cryptocurrency by market value traded near $40,700 at press time, having printed a high of $41,250 during the Asian trading hours. The dollar index , which tracks the greenback’s value against majors, rose to […]
Of that, 88% came from European funds in a shift from the prior week when the majority of the $134 million in outflows came from U.S. Trading volume of bitcoin funds was at half of the yearly average at $651 million, echoing the shrinking overall bitcoin trading volume. Bitcoin , the largest cryptocurrency by market […]