Bitcoin dipped below $50,000 and was down about 4% over the past 24 hours. For example, bitcoin’s market share relative to the overall crypto market share, or the BTC dominance ratio, fell to its lowest level since September, as shown in the chart above. “Any sustained period when the share of BTC’s market cap fell […]
Bitcoin was roughly flat over the past 24 hours as buyers attempted to continue to reverse some of last weekend’s losses. “In spite of the shock sell-off, volatility markets remain relatively calm. Also, Three Arrows Capital, a Singapore-based hedge fund, purchased more than 90,000 ETH worth about $400 million over the weekend, according to wallet […]
Cryptocurrencies were mostly lower on Monday, although market conditions have stabilized following the weekend sell-off. And in crypto markets, alternative coins such as ether, Polygon’s MATIC token and Solana’s SOL token have outperformed bitcoin over the past week, suggesting investors’ greater appetite for risk. In a bear market, however, drawdowns can extend well beyond 30%, […]
Bitcoin has fallen some $15,000 over the past 24 hours. The leading cryptocurrency reflected a broader drop in crypto markets, according to CoinDesk’s price index, with some cryptocurrencies falling more than 20% over the past 24 hours. Spot market selling seems to have driven the cryptocurrency lower. It is not common to see such a […]
Cryptocurrencies were mostly lower on Friday aside from a few standouts such as Terra’s LUNA token, which was up about 9% over the past 24 hours. BTC, the world’s largest cryptocurrency by market capitalization, is up about 2% over the past week compared to a 7% gain in ether and a 13% gain in Solana’s […]
“As BTC is looking good to close November below the expected target of $60,000, investors are optimistic that the cryptocurrency will repeat its historic trend of ending the year on a stellar bullish note,” Nikita Rudenia, co-founder of asset management firm 8848 Invest, wrote in an email to CoinDesk. In a recent tweet, Genesis Volatility […]
The cryptocurrency was up about 6% over the past 24 hours compared with a 7% gain in ether over the same period. “On the other hand, BTC remains below its 50-day average , which has acted as resistance for the past 10 days. On an annualized basis, bitcoin and ether’s 30-day volatility remains low compared […]
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The MSCI Asia-Pacific index has slipped 1.8%, and the commodities complex is bleeding, with oil down over 2% on both sides of the Atlantic. The classic risk-off action comes in the wake of reports of a new coronavirus variant detected in Botswana, South Africa, and Hong Kong, which may be vaccine-resistant. Lockdowns, if any, would […]
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 price is starting to stabilize after a near-4% drop over the past week. “The last three years we’ve had downward volatility every time around this holiday; could be due to end of month rotations, options/futures expiries and rebalancing,” CryptoQuant wrote in a blog post. Bitcoin is up about 3% over the past 24 hours, […]
Bitcoin’s price retreat came amid a broad sell-off in cryptocurrency markets, with of the CoinDesk 20-listed digital assets trading in the red. For bitcoin, upside momentum continues to slow on the daily price chart, suggesting continued profit-taking among buyers. For now, intraday charts appear deeply oversold. The leader in news and information on cryptocurrency, digital […]
Bullish flows have returned to ether’s options market with institutions purchasing higher strike or out-of-the-money call options. 31 saw a trading volume of more than 12,000 in the past 24 hours, while the $6,500 strike call has registered a volume of over 10,000 contracts. “Aside from activity in the $5,000 and $6,500 calls, we also […]
Taproot, a privacy and scalability upgrade Bitcoin developers have long been drooling over, finally activated last weekend. Nonetheless, they are an important type of upgrade that has repercussions for many projects building on top of Bitcoin, iteratively improving functionality of the open source digital currency. But even if some exchanges and wallets have yet to […]
Bitcoin’s price continued to stabilize around $60,000 on Wednesday after dropping nearly 15% from an all-time high near $69,000. “The drop seems to be related to excessive leverage in the system being flushed out,” Jan Wuestenfeld, an analyst at CryptoQuant wrote in a blog post. Technical indicators show a positive upward trend for BTC, which […]
Avalanche is an Ethereum competitor that facilitates decentralized applications and the creation of custom blockchains on its ecosystem. AVAX has soared in price recently, trading at $104.21, up 85% in the last month alone. In September, the Avalanche Foundation announced a $230 million raise to jump-start liquidity in the network’s burgeoning decentralized finance ecosystem. The […]
Bitcoin’s price continued to stabilize around $60,000 on Wednesday after dropping nearly 15% from an all-time high near $69,000. “The drop seems to be related to excessive leverage in the system being flushed out,” Jan Wuestenfeld, an analyst at CryptoQuant wrote in a blog post. Technical indicators show a positive upward trend for BTC, which […]
The bill would require all crypto brokers to report transactions under the current tax code. “We’ve seen the U.S. Bitcoin’s price slid about 5% over the past 24 hours, although the price later stabilized around the $60,000 support level. Bitcoin’s pullback also triggered higher intraday volatility, which could mean buyers and sellers are uncertain about […]
