NEAR, the token associated with Near Protocol, a layer one blockchain that aims to overcome the limitations of its competitors including slow transaction rates, surged as much as 20% in the past 24 hours. Technical indicators point to additional price gains for bitcoin if buyers are able to maintain support above $37,000 over the weekend. […]
The S&P 500 is roughly flat over the past week, compared with a 1% gain in BTC and a 3% drop in ETH over the same period. If selling continues, more investors could start to reduce their positions on risky assets, and cryptocurrencies may be hit first, according to Kuptsikevich. Further, given macroeconomic headwinds, some […]
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 […]
It appears that global investors have entered the year with a reduced appetite for risk, and so the correlations between speculative assets such as cryptocurrencies and equities have increased, which results in widespread losses. Alternative cryptocurrencies led the way lower on Friday given their higher risk profile relative to bitcoin. In the short term, we […]
NEAR, FTM and ATOM’s relatively strong performance against BTC and ETH on a year-to-date basis has some traders speculating about an altcoin decoupling. According to data from Messari, the biggest category of altcoin losers are meme coins. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a […]
For example, the Nasdaq 100 is down about 5% from its all-time high, compared with a 4% drawdown in the S&P 500 and a roughly 37% drawdown for BTC. Still, despite the global market rout, bitcoin’s spot trading volume is at its lowest level in six months. That means short traders, or those positioned for […]
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 […]
As of press time bitcoin was changing hands around $40,800, down 2.3% over the past 24 hours, based on CoinDesk pricing. Crypto market analysts had warned recently that bitcoin might be prone to a steeper sell-off, though there were some signs late last week that the market might be stabilizing. The leader in news and […]
Bitcoin stabilized at around $41,000 on Friday and is down about 9% over the past week. Liquidations, which can accelerate downward price movements, occur when an exchange forcefully closes a trader’s leveraged position as a safety mechanism due to a partial or total loss of the trader’s initial margin. The net flow of bitcoin and […]
Bitcoin staged a powerful rally to start off 2021, punctuated by tweets from the billionaire Tesla founder Elon Musk that sent prices soaring for the joke token dogecoin. The sharp price rise in BTC contributed to a $1.1 billion profit for Ruffer Investments, a U.K.-based investment management firm, in just five months. As bitcoin soared […]
Hi Market Wrap readers! During the final two weeks of 2021, we’re using this space to recap this year’s most dramatic moments in cryptocurrency markets – and highlight the key lessons from this fast-evolving corner of global finance. In Tuesday’s post, we explored how alternative coins or “altcoins” rallied during the first part of the […]
Hello, Market Wrap readers! During the final two weeks of 2021, we’re using this space to recap this year’s most dramatic moments in cryptocurrency markets – and highlight the key lessons from this fast-evolving corner of global finance. Bitcoin quickly advanced from $30,000 to $40,000 within the first five trading days of January – an […]
The bitcoin options market is leaning more neutral/bearish over the short term. Meanwhile, option expiries slightly further out between January and February 2022 are less skewed, indicating a more neutral price outlook into next year. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet […]
Earlier, the price of the largest cryptocurrency by market value slipped as low as $45,479 on the Bitstamp exchange, the lowest point since Dec. Cryptocurrency analysts said a new sense of bearishness may have crept into the market after this week’s announcement by the Federal Reserve that it will accelerate the withdrawal of monetary stimulus. […]
For now, bitcoin appears to be oversold, and was down about 2% over the past 24 hours. Ether, the world’s second-largest cryptocurrency by market capitalization, briefly touched $4,000 on Thursday after several weeks of choppy trading. ETH has support around its 100-day moving average on the daily chart is also the most oversold since late […]
Prices of the meme coin had jumped Tuesday after Tesla CEO Elon Musk tweeted that the electric-car maker would start accepting it as payment for Tesla merchandise. It continues to battle the $50,000 price resistance, one the asset was rejected from on Monday. Crypto funds were behind some of the big ether bids in the […]
Musk eventually found himself within the bitcoin conversation and Tesla played a vital role in price action throughout the spring. The amount of BTC bought by Tesla and used to purchase its vehicles was relatively small compared to daily trading volume on the nearly $1 trillion asset, yet it controlled the narrative in the market […]
Funds focused on bitcoin, the largest cryptocurrency, accounted for the bulk of the week’s inflows, at $52 million. For the first time in six weeks, funds focused on ethereum, the second largest cryptocurrency by market capitalization, witnessed outflows. Tron , saw $15 million worth of inflows. The leader in news and information on cryptocurrency, digital […]
The CPI report showed that the index for all items rose 6.8% in the 12 months through November, the highest level since May 1982, when it was 6.9%. ET report, but quickly ceded those gains to trade in the red as analysts leapt to the logical conclusion – that the high inflation rate might provide […]