Bitcoin is in pullback mode after sellers responded to resistance at $48,000. The relative strength index on the daily chart is declining from overbought levels, which typically precede pullbacks in price. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the […]
The bitcoin was trading at $45,945 as of press time, down 2.5% on the day. 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 […]
“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 […]
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 […]
LFG has purchased 5,773 BTC, worth $272 million, this week, the foundation’s confirmed bitcoin address showed at 09:42 UTC . “Last week, LFG sent $125 million worth of USDT across all weekdays and $160 million on Saturday to Jump Trading, who executed the BTC trades quickly thereafter.” USDT is the symbol for tether, the world’s […]
It was recently announced that the Luna Foundation Guard stablecoin. The actions of the address – such as purchases or transfers – can be viewed using a block explorer or a full node. Given there is more than $20 billion of bitcoin trading volume each day and that LFG has made most of its purchases […]
Monday’s move higher triggered market-wide short liquidations worth over $300 million, the highest single-day tally since at least early December, according to Coinglass.com. The recent move higher has indeed been steep. “We have the continued buying support from Terra’s Luna Foundation Guard. There has been renewed investor interest in bitcoin and crypto-linked investment vehicles. Data […]
Meanwhile, NEAR, the cryptocurrency powering layer 1 blockchain Near, rose by as much as 20% over the past 24 hours. The 10-year Treasury yield reached a new three-year high at 2.7% as investors reduced their exposure to bonds amid rising inflation and higher interest rates. The chart below shows bitcoin’s total open interest, or number […]
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. …Read the full story
Meanwhile, the S&P 500 was roughly flat Monday, versus a 6% rise in BTC over the past 24 hours. Over the past six days, the Luna Foundation Guard’s bitcoin wallet address purchased more than 27,000 BTC worth roughly $1.3 billion. There appears to be a synergy between bitcoin and the Terra ecosystem, according to Lucas […]
According to the Cambridge Bitcoin Electricity Consumption Index , bitcoin mining consumes 135 terawatt-hours of electricity per year – more than is consumed in a year by the entire country of Norway. Ethereum is in the process of transitioning to its own PoS algorithm, which, according to the Ethereum Foundation, will cut the network’s energy […]
Some alternative cryptocurrencies , the second-largest cryptocurrency by market capitalization after bitcoin, rose above $3,000 for the first time in two weeks and was up 3% over the past 24 hours, compared to a rise of as much as 4% in BTC over the same period. But some analysts remain cautious despite the recent price […]
Equities were also higher on Friday, while gold, a traditional safe haven asset, traded lower. We remain optimistic that any dips for ETH and BTC are buying opportunities,” Sean Farrell, vice president of digital asset strategy at FundStrat, wrote in a Friday email. Bitcoin’s trading volume across exchanges continued to decline after the spike on […]
Geopolitical uncertainty has kept investors on edge, especially as Russia attacks on Ukraine intensify. On the macro front, the European Central Bank announced its plans to phase out of its bond-buying program by September, which could lead to higher interest rates. Alternative cryptocurrencies is down 3% over the past 24 hours, compared with a 6% […]
The two companies join a growing band of institutions exploring how blockchain technology can be used to improve environmental management. JustCarbon aims to build a transparent and effective “nature-based carbon sequestration marketplace,” it said in a press release. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is […]
Still, technical indicators show strong resistance at $46,000, which could create choppy trading conditions over the short term. The chart below shows the ether/bitcoin price ratio, which continues to struggle near a key resistance zone. Typically, bitcoin declines by less than altcoins in a down market. Sector classifications are provided via the Digital Asset Classification […]
The term has recently become a hot topic again among economists and analysts, and it’s not something to look forward to. Since 1960, the Standard & Poor’s 500 Index of large U.S. With the consumer price index rising 7.5% over the past 12 months, the highest inflation since 1982, analysts are already worried, and recent […]
To pull off the trade, he says he assembled a smattering of part-time crypto researchers, ranging from a professional poker champion to a medical student. GCR says he shorted nearly 30 different tokens across multiple exchanges at the height of crypto fervor last November. But in the notoriously volatile world of cryptocurrencies, timing these rapid […]
That is, trading volumes as a percentage of market cap in many of the major cryptocurrencies are lower compared with previous months. The day’s trading volume on centralized and decentralized exchanges taken together was nearly $62 billion and the market cap was just shy of $840 billion, according to data from CoinGecko. 9, 2022, bitcoin […]
BTC spot trading volume is starting to tick higher, albeit below January highs, according to CoinDesk data. Still, futures market data continues to suggest a neutral/bearish bias among traders. Technical indicators have improved over the past few days, suggesting a strong buying zone between $40,000 and $46,000. In other news, BlackRock, the world’s largest asset […]