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Markets
May. 29, 2023

Dogecoin Chart Pattern Suggests Volatility Explosion Ahead

Dogecoin (DOGE), the meme cryptocurrency known for its rapid price moves, has been unusually calm this year, underperforming market leaders bitcoin (BTC) and ether (ETH) by a significant margin. One technical analysis indicator called Bollinger ...
Markets
May. 29, 2023

Bitcoin's Short-Term Holders Are Again Selling at Profit

Bitcoin's (BTC) near-term outlook appears constructive as blockchain data show short-term holders of the cryptocurrency are moving coins at a profit. The seven-day moving average of the short-term holder's (STH) spent output profit ratio (SOPR) ...
Markets
May. 29, 2023

First Mover Asia: Bitcoin Rises Past $28K on Debt Ceiling Deal

Good morning. Here’s what’s happening: Prices: Crypto and Asian stock markets opened strongly as the White House announced a deal averting a debt ceiling crisis, with Bitcoin and Ether seeing increases of 5% and 4.9%, respectively. Insight...
Markets
May. 26, 2023

Ether Balance on Exchanges Nears All-Time Low

The number of ether ( ETH ) on exchanges has hit a low not seen since July 2016 as staking saps up available ether. Data from Glassnode shows that as of Thursday, 14.85% of all ether was held in wallets owned by centralized exchanges. The market...
Markets
May. 26, 2023

The Invisible Hand Restricting Bitcoin and Ether Price Swings

Bitcoin (BTC) and ether (ETH), the top two cryptocurrencies by market value, have been unusually calm for over two weeks. The range play probably stems from the market running into competing narratives and influences. There is another powerful f...
Markets
May. 25, 2023

Bitcoin Lingers Below $26.5 Amid Debt Ceiling Worries

The U.S. announced unexpectedly strong unemployment and GDP data, but crypto investors had debt ceiling negotiations on their minds, Thursday. They recently kept bitcoin lingering under $26,500, up about 0.3% but below its most recent nearly two...
Markets
May. 25, 2023

First Mover Americas: Bitcoin Falls to $26K; Is $24K Next?

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Bitcoin's ( B...
Markets
May. 24, 2023

AI Can Generate a Trading Edge in Crypto Markets

If you ask a large language model (LLM) like ChatGPT how to choose an LLM, it will give you an answer such as this from GPT-4: “Choosing the best large language model is a lot like speed dating: you ask it a few questions, hope it impresses you...
Markets
May. 24, 2023

Voltz Protocol Brings a Wall Street Rates Stalwart to DeFi

Voltz Protocol, an automated market maker (AMM) for interest-rate swaps, is bringing one of the stalwarts of traditional finance (TradFi) on-chain. Anyone who can access Voltz will be able to trade products tied to the Secured Overnight Financin...
Markets
May. 24, 2023

Bitcoin, Ether Slip as UK Core CPI Reaches Highest Since 1992

Bitcoin slid under the $27,000 level during the Asia trading day, which lead to a market-wide decline in major cryptocurrencies as traders in broader equity markets reacted to poor U.K. inflation figures. The hotter-than-expected U.K. core Con...
Markets
May. 23, 2023

Bitcoin HODLing Has Never Been More Popular

Investors are hanging onto their bitcoin (BTC) longer than ever – HODLing in industry parlance – according to data from Glassnode . The proportion of BTC that’s been held for at least a year has climbed to a record 68%, Glassnode data shows, wh...
Markets
May. 23, 2023

First Mover Americas: Interest in Staking Ether Ramps Up

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Interest in ...
Markets
May. 23, 2023

Crypto Market Near-Term Upside Is Likely Capped: Bank of America

There is limited upside for cryptocurrency markets in the near-term, Bank of America (BAC) said in a research report Friday. “Low conviction, limited catalysts and outperformance year-to-date leave the digital asset sector stuck in a trading ran...
Markets
May. 22, 2023

U.S. Debt Deal Could Weigh on Bitcoin Price, Some Say

As the deadlock in negotiations to raise the U.S. government's $31.4 trillion debt limit keeps markets tentative, some analysts have gone against consensus, warning that a potential deal may bring pain to the crypto market. The U.S. reached it...
Markets
May. 22, 2023

Bitcoin's Trading Range Narrows to Tightest in Months

The crypto market has become boring, with bitcoin (BTC), the world's biggest digital asset by market value, settling into the tightest price range for months despite lingering concerns about the stability of U.S. regional banks and the country's ...
Markets
May. 22, 2023

First Mover Asia: Will Bitcoin Soon Begin a Retest of 30K?

Good morning. Here’s what’s happening: Prices: Bitcoin is in consolidation mode before an eventual retest of $30,000, says BitBull Capital. Insights: The crypto industry is spending less than other industries on lobbying. That may need to...
Markets
May. 19, 2023

Bitcoin in Stasis Below $27K Ahead of Powell Speech

The crypto market remained risk-averse early Friday, with the focus turning to an impending speech by Fed Chair Jerome Powell following Thursday's hawkish comments by other central bank officials. Bitcoin ( BTC ) traded flat at just below $27,00...
Markets
May. 19, 2023

Litecoin Is Undervalued, Onchain Indicator Suggests

An onchain metric suggests that litecoin (LTC), the 12th largest cryptocurrency by market value, is trading at discounted prices. Litecoin's market value to realized value (MVRV) Z-score was negative at press time. A sub-zero score indicates the...
Markets
May. 18, 2023

Crypto Observers Decode Large Block Trade in Ether Options

On Tuesday, a large ether (ETH) trade involving call options expiring in June and September crossed the tape on Deribit, sparking discussions in the trading community about the nature of the flow. Per data tracked by Amberdata, On Tuesday, a s...
Markets
May. 17, 2023

The Risks and Rewards of High-Frequency Crypto Trading

I had a nice conversation this week about high-frequency trading (HFT) in crypto markets. Born out of an idea I had to explore the space generally, a bout of fortuitous timing let me speak with someone who has engaged in it first hand. I’ve alwa...
Markets
May. 17, 2023

Ethereum Staking Needs Its (Honest) LIBOR

In any industry, standardization drives scale. Ethereum’s transition last year to proof of stake (PoS) unlocked an exciting opportunity to create a benchmark that tracks staking yields, which could serve as the basis for financial products that...
Markets
May. 17, 2023

First Mover Asia: Crypto's Rotating Profits

Good morning. Here’s what’s happening: Prices: Amid Bitcoin role debates and halving concerns, bitcoin and ether start flat in East Asia; Cobo's data points to market confidence recovery and Bybit links memecoin surge to reinvestment, warnin...
Markets
May. 15, 2023

Weekly DEX Volume on BNB Chain Hits Highest in a Year

Weekly decentralized exchange (DEX) trading volume on Binance’s BNB Chain has reached its highest level in a year, according to data from DefiLlama . The week commencing May 7 saw DEX volume on BNB reach $5.11 billion, a level not seen since ea...
Markets
May. 15, 2023

Crypto Investment Funds See Outflows for Fourth Consecutive Week

Digital asset investment funds experienced a fourth consecutive week of net outflows, with $54 million exiting in the seven days ended May 14, according to a CoinShares report on Monday. The outflows coincided with sizable declines in crypto p...
Markets
May. 12, 2023

Bitcoin Loses 10% on the Week as Memecoins Tumble

Bitcoin ( BTC ) has plunged more than 10% over the past 7 days to a two-month low just above $26,000 alongside a sizable reversal in the previous red-hot memecoin sector. The world’s largest cryptocurrency traded at around $26,300 at press time,...
Markets
May. 12, 2023

First Mover Americas: Bitcoin Falls to 2-Month Low

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Cardano’s scal...
Markets
May. 11, 2023

First Mover Asia: Expect Bitcoin to Hit $25.2K Soon: Strategist

Good morning. Here’s what’s happening: Prices: Fairlead Strategies' Katie Stockton anticipates a pullback to around $25,200 for bitcoin and a short-term setback for Ether, but sees potential for Ether to outperform Bitcoin in the short term....
Markets
May. 10, 2023

Crypto Derivatives Market Share Hits All-Time High

Cryptocurrency derivatives trading volume on centralized exchanges fell in April, but spot trading volume declined even more, pushing the derivatives market share up to a new all-time high. According to CCData, the market share of crypto derivat...
Markets
May. 10, 2023

Bitcoin Dips Below $27K, Reversing Post-CPI Rally

Bitcoin ( BTC ) dipped below $27,000 Wednesday midday, reversing a morning jump following the release of mildly encouraging U.S. inflation data. The BTC/USD trading pair on Coinbase traded as low as $26,800 before regaining some ground, accordin...
Markets
May. 10, 2023

Crypto Exchange Binance Trading Volume Fell Almost 50% in April

Spot trading volume at Binance , the world’s largest cryptocurrency exchange, dropped for a second straight month in April, falling 48% amid declining transaction levels across the industry, according to CCData. Volume dropped to $287 billion...
Markets
May. 09, 2023

Bitcoin Cash Rises 11% but Gains Could Be Short-Lived

Bitcoin cash ( BCH ) has gained 11% over the last 24-hours even as bitcoin has declined. Bitcoin’s price drop follows network congestion that sent transaction fees over the weekend skyward as demand for bitcoin Ordinals ramped up. BCH , whic...
Markets
May. 09, 2023

Bitcoin Trades at Nearly $650 Premium on Binance.US

The gap between bitcoin's price in U.S. dollars (BTC/USD) on prominent digital assets exchanges like Binance and Coinbase and the price on Binance's U.S. arm has widened sharply this month, causing unease among crypto commentators on Twitter. ...
Markets
May. 09, 2023

Crypto Trader Pays $120K in Fees to Buy $156K of Meme Coin Four

Crypto traders are paying through the roof to get in early on newly-issued meme coins and rack up a large percentage of the supply. On-chain data shows a trader paid over 64 ether (ETH) in fees on Monday to get 84 ether worth of four (FOUR), a n...
Markets
May. 08, 2023

First Mover Americas: PEPE Peaks After Binance Listing

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Pepecoin’s ( ...
Markets
May. 07, 2023

Bitcoin Network Congestion Causes Binance to Pause Withdrawals

Binance temporarily paused bitcoin withdrawals Sunday morning U.S. time as the bitcoin blockchain became overwhelmed with pending transactions and sky-high fees. The crypto exchange resumed withdrawals within two hours of its initial Twitter ...
Markets
May. 05, 2023

First Mover Americas: Memecoin PEPE Hits $1B Market Cap

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Pepe coin ( ...
Markets
May. 05, 2023

U.S. Adds 253K Jobs in April, Topping Expectations for 180K

The U.S. added 253,000 jobs in April, up from a downwardly revised 165,000 in March and ahead of economist forecasts for 180,000, according to a report from the Bureau of Labor Statistics (BLS). The unemployment rate was 3.4%, down from 3.5% in ...
Markets
May. 04, 2023

Funding Rates in the $500M Market Cap PEPE Token Remain Negative

PEPE, the self-proclaimed "most memeable memecoin," has skyrocketed to more than $500 million in market capitalization in just over two weeks since launch. Still, funding rates in perpetual futures tied to the token remain negative, indicating t...
Markets
May. 04, 2023

Bitcoin's Dominance Rate Surges After U.S. Banking Crisis

Bitcoin's (BTC) dominance rate, measuring the cryptocurrency's share in the broader market, has risen sharply since the onset of the ongoing U.S. banking sector instability almost two months ago. Since early March, the dominance rate has increas...
Markets
May. 04, 2023

Bitcoin Could Rally 20% to Around $36K: Matrixport

Bitcoin (BTC) could rally 20% to around $35,000 - $36,000, crypto-services provider Matrixport said in a research report on Thursday. Bitcoin has been trading in a narrowing wedge that is about to be broken to the upside, the report said, adding...
Markets
May. 03, 2023

First Mover Asia: Bitcoin Recovers From Fed Dip

Good morning. Here’s what’s happening: Prices: Bank failures are playing a larger role in dictating the price of bitcoin rather than interest rates. Insights: Mad Lads was a bright spot for Solana NFTs, but transaction volume is now laggi...
Markets
May. 03, 2023

Bitcoin Falls Slightly After Fed Rate Hike

Bitcoin’s ( BTC ) price dropped slightly to below $28,500 after the U.S. central bank did what was widely expected and raised interest rates by 25 basis points (bps) . The increase sends the Federal funds rate to a target range of between 5% and...
Markets
May. 02, 2023

First Mover Americas: BRC-20 Tokens Skyrocket

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Interest in "B...
Markets
May. 02, 2023

Number of Stablecoins Held on Exchanges Slips to 2-Year Low

The number of stablecoins, or dollar-pegged cryptocurrencies, held in addresses tied to centralized exchanges extended its decline to reach the lowest since May 2021 in a sign of increasing investor aversion to risk. As of Monday, the balance wa...
Markets
Apr. 30, 2023

First Mover Asia: Bitcoin, Ether Open Asia’s Trading Week Flat

Good morning. Here’s what’s happening: Prices: The Consensus 2023 festival brought builders and investors to Austin, and wrapped up Friday night with attendance records that broke expectations. But Bitcoin is opening the trading week in Asia...
Markets
Apr. 28, 2023

First Mover Americas: Bitcoin Ending Week on Positive Note

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Despite some v...
Markets
Apr. 28, 2023

Bitcoin Is Poised to Reclaim Crypto’s Spotlight: Berenberg

In the next few months bitcoin ( BTC ) may be able to reclaim much of the attention it has relinquished to other crypto tokens and projects during recent years and the enthusiasm it lost during the crypto winter, Berenberg said in a research repo...
Markets
Apr. 27, 2023

Bye-Bye Bitcoin Bear

The bitcoin (BTC) bear market of 2022-2023 was a doozy. Having also held bitcoin through the bitcoin bear market of 2018-2019, I can attest that this one was just as painful despite being slightly shorter and having a less dramatic maximum drawdo...
Markets
Apr. 26, 2023

As Crypto Grows, so Does CoinDesk’s Commitment to Keeping Pace

Proximity to information and access to new tools is one of the things that I value most about being at CoinDesk. Each day there’s cutting-edge access to news and early looks at tools that we as a firm are looking to bring to the marketplace. The...
Markets
Apr. 26, 2023

First Mover Americas: Bitcoin Regains $29K

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Bitcoin gained...
Markets
Apr. 26, 2023

Bitcoin Rallies to $29K; Cardano Leads Gains Among Crypto Majors

Bitcoin (BTC) rose to $29,000 in European morning hours on Wednesday, with some investors pointing to expectations the Federal Reserve will inject money into the economy in the coming weeks after signs of yet another U.S. bank collapse. It was la...
Markets
Apr. 25, 2023

First Mover Asia: Crypto Flat as Markets Await Tech Earnings

Good morning. Here’s what’s happening: Prices: Crypto markets are playing the waiting game as tech's expected mixed bag of earnings may push things down as the week progresses. Insights: Do Kwon is in a Montenegro jail on charges he sold ...
Markets
Apr. 24, 2023

Crypto Investment Funds Have First Week of Outflows in 6 Weeks

Digital asset investment funds had net outflows for the first time in six weeks last week, totaling $30 million, according to a report by CoinShares. Outflows began on April 14, coinciding with bitcoin ( BTC ) reaching $30,000 for the first ti...
Markets
Apr. 24, 2023

First Mover Americas: Bitcoin Starts Work Week in the Red

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Bitcoin fell 0...
Markets
Apr. 24, 2023

Wrapped Bitcoin Token Goes Live on Cardano Testnet

Wrapped bitcoin token cBTC has gone live on the Cardano testnet, with the project’s developers aiming to attract bitcoin (BTC) users to the nascent Cardano decentralized finance (DeFi) ecosystem. Users can now mint cBTC tokens from the anetaBTC ...
Markets
Apr. 24, 2023

First Mover Asia: What's Next After Bitcoin's Retreat

Good morning. Here’s what’s happening: Prices: Analysts take a look at what comes next after last week's downturn in bitcoin and ether prices. Insights: Taylor Swift showed common sense in asking the sort of critical questions of FTX that...
Markets
Apr. 21, 2023

First Mover Americas: Bitcoin Falls to $28K

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Bitcoin was do...
Markets
Apr. 21, 2023

AXS Nurses Losses as Axie Infinity's $156M Token Unlock Looms

Axie Infinity's AXS cryptocurrency is nursing losses ahead of Sunday's planned unlocking of millions of dollars worth of the blockchain-based, play-to-earn project's tokens. At press time, the AXS price was $8.22, down 12% for the week, CoinDe...
Markets
Apr. 20, 2023

Bitcoin Tumbles Below $28K on Coinbase Before Rallying

Bitcoin dropped below $28,000 at one point Thursday as the largest cryptocurrency by market capitalization continued its two-day slump. Bitcoin ( BTC ) was recently trading at around $28,325, down 2.7% over the past 24 hours, according to CoinDe...
Markets
Apr. 20, 2023

First Mover Americas: Landmark Crypto Laws Pass in Europe

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Lawmakers in t...
Markets
Apr. 20, 2023

Crypto Options Exchange Deribit Adding Zero-Fee Spot Trading

Deribit, the world's largest crypto options exchange by open interest and trading volumes, will be introducing a new spot trading feature. The exchange, which accounted for 91% of global options open interest of over $13 billion in March, said t...
Markets
Apr. 19, 2023

Optimism’s OP Token Jumps Ahead of a16z Project Announcement

Optimism’s OP token ( OP ) recovered from early Wednesday's broad market selloff amid news that venture capital firm Andreessen Horowitz (a16z) would plans to build a stack rollup – a type of scaling solution – on the layer-2 blockchain. The t...
Markets
Apr. 19, 2023

First Mover Americas: Bitcoin Slides Toward $29K

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Bitcoin slid m...
Markets
Apr. 19, 2023

Institutions Flock to Ether After Shapella Upgrade

Ethereum implemented the highly-anticipated Shapella hard fork , also known as the Shanghai upgrade, on April 12, reducing the risk of staking the blockchain's native token, ether ( ETH ), by allowing withdrawals of locked coins at will. The piv...
Markets
Apr. 18, 2023

First Mover Americas: Bitcoin Regains $30K as Alts Heat Up

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Bitcoin has re...
Markets
Apr. 18, 2023

Gala Games to Airdrop Version 2 Tokens in May

A new version of the native tokens of metaverse-focused Gala Games will be airdropped to users on May 15, developers said in a blog post on Tuesday. The version 2 (v2) tokens will be dropped on a 1:1 basis to holders of the current gala (GALA)...
Markets
Apr. 18, 2023

Lesser-Known Bitcoin Indicator Signals Onset of Major Bull Run

A lesser-known but historically reliable bitcoin price indicator has flipped positive, signaling the onset of a major bull market. Bitcoin's reserve risk multiple has crossed above zero, turning positive for the first time since October 2021, ac...
Markets
Apr. 18, 2023

The Biggest Crypto Bull Cycle Is Upon Us: Bernstein

FTX’s collapse was the catalyst for a new bullish cycle in cryptocurrency markets, Bernstein said in a research report Monday. The crypto exchange’s demise cleaned up the final tranche of “toxic crypto leverage” and taught digital asset invest...
Markets
Apr. 18, 2023

Bitcoin Surge Parallels Price Movement in 2019: Analyst

Vetle Lunde, a crypto markets analyst at K33 Research, sees parallels between bitcoin’s recent surge from the doldrums of 2022 and its price pattern from 2018 into 2019. In an interview on CoinDesk TV’s “First Mover” program on Monday, Lunde sai...
Markets
Apr. 17, 2023

Bitcoin Sinks Below $30K Amid Dollar Jump, Mixed Q1 Earnings

Bitcoin ( BTC )’s rally above $30,000 has stalled – at least temporarily. The largest cryptocurrency by market capitalization was recently trading at around $29,500, off 2.6% over the past 24 hours. BTC began sinking on Sunday and dropped as low...
Markets
Apr. 17, 2023

First Mover Americas: Ether Holds Above $2K

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Ether is holdi...
Markets
Apr. 17, 2023

Space ID Tokens Wow Investors Weeks After Binance Launchpad Sale

Space ID’s id (ID) token has nearly doubled in the past week on the back of strength in the largest cryptocurrencies and chants of “ altcoin season ” among some crypto traders on Twitter – becoming one of the best performers this month. The toke...
Markets
Apr. 17, 2023

Bitcoin Could Peak at $45K in May, Analyst Says

Bitcoin ( BTC ) is closely following its early 2019 surge and prices could peak at around $45,000 next month, according to Vetle Lunde, a senior analyst at K33 Research. The largest cryptocurrency by market value has rallied 80% this year, beati...
Markets
Apr. 17, 2023

First Mover Asia: Ether Price Hits Fresh 11-Month High

Good morning. Here’s what’s happening: Prices: Ether continued its ascent following last week's Shanghai upgrade on the Ethereum blockchain, reaching an 11-month high. Insights: Sufficiently decentralized ownership and control would preve...
Markets
Apr. 14, 2023

Bitcoin Holds Steady Near $30.5K, Ether Circles Around $2.1K

Bitcoin and ether’s prices rose handsomely in an eventful week of mildly encouraging inflation data and Ethereum’s long-awaited Shapella upgrade. Bitcoin ( BTC ) was recently trading at $30,450, up 0.4% from 24 hours ago and more than 9% fo...
Markets
Apr. 14, 2023

Crypto Derivative Volumes Rose in March for Third Straight Month

Crypto derivatives trading volumes across both centralized and decentralized exchanges rose for a third consecutive month in March, the first three-month streak since at least January 2022, according to figures from CCData. Crypto derivatives ar...
Markets
Apr. 13, 2023

Ether Jumps Above $2K a Day After Ethereum Shanghai Upgrade

Ether ( ETH ) continued its recent strength Thursday afternoon, climbing above $2,000 a day after Ethereum successfully completed the long-anticipated Shapella upgrade . The second-largest cryptocurrency by market value was recently trading a...
Markets
Apr. 13, 2023

Bitcoin Miner Stocks Continue Torrid Run as $30K Level Holds

A strong week for bitcoin miners got even stronger on Thursday, with the share price of several again posting double-digit percentage gains after bitcoin ( BTC ) rose more than 2% to $30,500. Among the movers was Marathon Digital (MARA), up 14.6...
Markets
Apr. 13, 2023

CoinDesk Indices Unveils Bitcoin Trend Indicator

CoinDesk Indices, a CoinDesk subsidiary, is starting the Bitcoin Trend Indicator (BTI), an online tool to help investors determine where the price of bitcoin is going. BTI generates one of five possible values, each representing a particular dir...
Markets
Apr. 13, 2023

First Mover Americas: Crypto Trading Comes to Twitter

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Following E...
Markets
Apr. 13, 2023

Ether Nears $2K After Shanghai Upgrade, Outshines Bitcoin

Ether rose to $1,994 on Thursday, reaching the highest point since August. The rally to an eight-month high comes off the back of a successful network upgrade called Shanghai, or Shapella. The upgrade implemented during Asian hours enables wit...
Markets
Apr. 13, 2023

Binance To Support Ether Staking Withdrawals From April 19

Binance announced Thursday that users who staked ether (ETH) through the exchange will be able to redeem coins with their BETH holdings on a 1:1 basis starting from April 19, 08:00 coordinated universal time (UTC). The announcement came hours...
Markets
Apr. 13, 2023

Kraken Leads Ether Unstaking Parade, Makes up 62% of Exit Queue

Ethereum’s Shanghai upgrade went live Thursday, Asia time, allowing those that have staked their ether to begin the unstaking process. On-chain data tracked by Rated network explorer shows that of all the validators moving to unstake, Krak...
Markets
Apr. 12, 2023

A Technical Analyst’s Take on Crypto

To some, technical analysis (TA) represents a substantive technique rooted in an asset’s price. To others, it warrants no attention at all because it’s just lines on a screen and self-fulfilling prophecies. During my stint in traditional finance...
Markets
Apr. 12, 2023

First Mover Americas: Ether's Shanghai Rumble

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Bitcoin slippe...
Markets
Apr. 12, 2023

Tron’s TRX Down 6% as Binance.US Delists Token

Tron’s TRX token has been delisted on Binance.US . This comes weeks after the U.S. Securities and Exchange Commission sued Justin Sun in late March over allegations of selling and airdropping unregistered securities, fraud, and market manipul...
Markets
Apr. 12, 2023

First Mover Asia: Does Bitcoin at $30K Really Matter?

Good morning. Here’s what’s happening: Prices: Bitcoin has a sense of stability at $30,000, but how long will that last? Insights: Crypto exchange Bitget is targeting Web3 startups with its $100 million fund. The initiatives comes as Asia...
Markets
Apr. 11, 2023

First Mover Americas: Bitcoin Soars Past $30K

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Bitcoin broke ...
Markets
Apr. 11, 2023

XRP's Four-Week Rally Was Led by Retail Investors: Kaiko

Payments-focused cryptocurrency XRP has rallied nearly 40% in the past four weeks, outperforming other top digital assets, including bitcoin. The rally was driven mainly by retail investors, while whales – or entities with ample capital supply –...
Markets
Apr. 11, 2023

Bitcoin Price Ticker Goes Live on China’s Douyin App

China’s version of TikTok, Douyin, is now showing the price of bitcoin in search results. Given that social media within China is tightly controlled , it is possible that this is another signal that Beijing is warming up to crypto and loosening...
Markets
Apr. 10, 2023

Bitcoin Approaches $30K, Reaching Highest Price Since June

For a while Monday, even as large parts of the world were off work celebrating Easter Monday, bitcoin (BTC) seemed headed for a promised land above $30,000. The largest cryptocurrency by market capitalization, which just three weeks ago had teas...
Markets
Apr. 10, 2023

First Mover Americas: Ether Options Tilting Bearish

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Ether options ...
Markets
Apr. 06, 2023

Dogecoin Drops After Elon Musk's Twitter Stops Using Its Logo

Dogecoin ( DOGE ) dropped after Twitter stopped using the token's dog as its logo. The cryptocurrency was recently down 7.9% to $0.085. DOGE surged on April 3 after Elon Musk's social-media company inexplicably removed its bird logo, replaci...
Markets
Apr. 06, 2023

Ether Holds Near $1.9K as Shanghai Fork Approaches

Ether ( ETH ) retreated below $1,900 on Thursday a day after surpassing this threshold and reaching its highest level since last August . The second-largest cryptocurrency by market capitalization was recently trading at $1,876, off 1.5% over t...
Markets
Apr. 05, 2023

Ether Circles Above $1.9K as Shanghai Hard Fork Nears

Ether ( ETH ), the native token of the Ethereum blockchain, circled above $1,900 for much of Wednesday, a week before the Shanghai hard fork . The second-largest cryptocurrency by market capitalization was recently trading at $1,913, up about 2...
Markets
Apr. 05, 2023

Crypto Investors: Why You Need to Understand Layer 1 Protocols

As we discussed last week , the first quarter was a great time for cryptocurrency prices, but a terrible time for sentiment about the industry. I’d like to expound on the latter point, given that crypto is clearly in the crosshairs of regulators...
Markets
Apr. 05, 2023

First Mover Americas: Ether Rising Ahead of Upgrade

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Ether jumped t...
Markets
Apr. 05, 2023

Dogecoin Futures Set Record After Twitter Adopts Shiba Inu Logo

Dogecoin’s derivatives market have become busier than ever as prices rose sharply following Twitter’s decision to replace its popular blue bird logo with a picture of a Shiba Inu dog earlier this week. Open interest (OI) in stablecoin-margined d...
Markets
Apr. 04, 2023

First Mover Americas: Dogecoin Pops on New Twitter Logo

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Dogecoin ( D...
Markets
Apr. 04, 2023

Ether Rallies to 8-Month High, Gains Ground Against Bitcoin

Ether ( ETH ), the native token of Ethereum's blockchain, rose to an eight month high on Tuesday, outshining market leader bitcoin (BTC), as U.S. stock futures traded higher while the dollar index dipped. Ether rose nearly 3% to $1,873, the high...
Markets
Apr. 04, 2023

South Korean Traders Are Jumping on SXP, ICX Tokens

Solar (SXP) and icon (ICX) tokens seem to be the new bets for South Korean traders. Both tokens have rallied by as much as 40% in the past 24 hours with hundreds of millions of dollars in trading volumes on local crypto exchanges. The ICX-Korea...
Markets
Apr. 04, 2023

First Mover Asia: Bitcoin Extends Its Stay Below $28K

Good morning. Here’s what’s happening: Prices: Bitcoin seesaws and then stays below $28K; DOGE soars to its highest levels since December, while other cryptos are mixed. Insights: Will Indonesia's CBDC offer an alternative to Visa and Ma...
Markets
Apr. 03, 2023

First Mover Americas: Bitcoin's Within Range of $30K

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Bitcoin has be...
Markets
Apr. 03, 2023

April Seasonality in Favor of Bitcoin and Stocks

Bitcoin ( BTC ) and U.S. stocks have entered one of their strongest seasonal period of the year. The top cryptocurrency by market value has chalked up gains in April in six out of the past ten years, averaging a return of more than 17%, accordi...
Markets
Mar. 31, 2023

Crypto Casino Rollbit's Token Drops 20% Amid Licensing Concerns

Crypto casino Rollbit says it hasn’t received any indication from authorities that its “operation are problematic,” however traders are not convinced and are selling the platform's RLB token. CoinGecko data shows that RLB is down 20% in the l...
Markets
Mar. 31, 2023

First Mover Asia: Bitcoin Hovers Around $28,000

Good morning. Here’s what’s happening: Prices: The crypto market is ending the week flat. Insights: Stefan Rust, the CEO of data aggregator TruFlation, suggests that TradFi may be approaching a tipping point and that bitcoin may benefit. ...
Markets
Mar. 30, 2023

Bitcoin Is Still in Its ‘Safe Haven Period’: Analyst

Regulatory headwinds, uncertainty in the banking sector, and the forced exit of some bad actors may be why bitcoin ( BTC ) is outperforming traditional safe-haven assets, said Mark Connors, 3IQ head of research. “We’re still in the safe haven pe...
Markets
Mar. 30, 2023

First Mover Americas: Investors Dig Risk Again

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Bitcoin rose s...
Markets
Mar. 30, 2023

Bitcoin Volatility Likely as Options Worth $4B Expire on Friday

Bitcoin (BTC) could see wild price swings heading into the weekend as options contracts worth billions of dollars tied to the cryptocurrency are set to expire on Friday. At press time, the quarterly expiry on dominant crypto options exchange Der...
Markets
Mar. 30, 2023

Bitcoin Price Rally Stalls as Whales Take Profits: CryptoQuant

Bitcoin ( BTC ) has rallied more than 17% in the past two weeks, displaying resilience amid regulatory headwinds and suggesting the asset could be in the early stages of a bull market. The price briefly crossed $29,000 on Thursday before retract...
Markets
Mar. 29, 2023

Cryptos Gained in Q1 Despite Weakened Asset Class Perceptions

It’s been an eventful start to 2023, with what feels like a full year of news crammed into just three months. Year-to-date cryptocurrency returns, similarly, have been much bigger than is typical for a single quarter: Layer 1s Bitcoin: 71% ...
Markets
Mar. 29, 2023

Bitcoin Regains $28K; XRP Surges for a Second Day

Bitcoin (BTC) showed signs of resilience Wednesday, shedding tremors from regulatory action against crypto exchange Binance to recover above the key $28,000 level. XRP tokens jumped for a second straight day, adding 11% in the past 24 hours. T...
Markets
Mar. 29, 2023

Binance’s On-Chain Balance Stands at $64B, Nansen Data Shows

Binance’s on-chain balance remains high, despite U.S. regulators charging Binance for violating U.S federal law this past week and Forbes’ allegations last month that Binance cd shuffled assets in a similar manner as FTX. Data from blockchai...
Markets
Mar. 28, 2023

Bitcoin Layer 2 Stacks' Token a Top Performer in March

Stacks ( STX ), the native token of Stacks Network, has soared in March amid booming hype for Bitcoin Ordinals and growing total value locked (TVL) on the protocol. The project is also set to undergo an upgrade later this year to further speed ...
Markets
Mar. 28, 2023

Binance's BUSD Stablecoin Sees $500M Outflows After CFTC Lawsuit

Binance USD ( BUSD ), a stablecoin pegged to U.S. dollars, has seen over $500 million in outflows in the roughly 24 hours since a U.S. lawsuit was filed against Binance and its CEO Changpeng Zhao, data from CryptoQuant shows. This rush to the ex...
Markets
Mar. 27, 2023

Bitcoin Sinks Below $27K After CFTC Files Suit Against Binance

Bitcoin ( BTC ) plunged below $27,000 after the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance and its founder Changpeng Zhao over allegations that the exchange knowingly offered unregistered crypto derivatives...
Markets
Mar. 27, 2023

First Mover Asia: Bitcoin Is Ready for a Consolidation Phase

Good morning. Here’s what’s happening: Prices: Bitcoin is beginning the week testing $28,000, but a consolidation at $25K is within the realm of possibilities. Insights: Decentralized derivatives platforms are short of liquidity. What's i...
Markets
Mar. 24, 2023

Arbitrum, Ether Liquidity Providers Earn $500K From ARB Airdrop

Entities providing liquidity to one of the most-anticipated token issuances in recent times made over $500,000 in profits in the first few hours, data shows. Arbitrum’s governance tokens, ARB, went live for claiming on Thursday. The tokens can b...
Markets
Mar. 24, 2023

ARK Buys the Wells Dip With $17.7 Million COIN Purchase

ARK Invest bought COIN low and sold it high this week. On Tuesday, Cathie Wood’s fund sold 160,887 shares of COIN for $13.5 million when the stock was at approximately $83 a share. Just over 48 hours later, ARK bought the dip and purchased 268,9...
Markets
Mar. 23, 2023

Arbitrum Token Settles at $1.38 Amid Airdrop Claim Chaos

The Arbitrum token (ARB) is now trading at around $1.38 across centralized and decentralized exchanges after a turbulent launch. There has been a total of $27 million in trading volume in the first hour since the claim opened, according to Coin...
Markets
Mar. 23, 2023

First Mover Americas: SEC Warns Coinbase

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories The U.S. Secur...
Markets
Mar. 23, 2023

Avalanche Blockchain's X and C Networks See Brief Outage

Avalanche’s AVAX token fell nominally after nodes on the protocol’s X and C chains went down due to bugs in new software pushed out. Avalanche is unique as it uses three chains: the C-chain, X-chain, and P-chain. The C-chain is home to Avala...
Markets
Mar. 22, 2023

Bitcoin Sinks Below $27K as Fed, Powell Keep Focus on Inflation

Bitcoin sank below $27,000 as the U.S. Federal Open Market Committee (FOMC) did as was widely expected Wednesday, raising the interest rate by a quarter point . The decision reinforced the central bank's concerns that inflation remained proble...
Markets
Mar. 22, 2023

First Mover Americas: Bitcoin Traders Await Fed's Decision

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Bitcoin contin...
Markets
Mar. 21, 2023

Arbitrum Put Options Let Traders Bet on First Day Price Action

Arbitrum (ARB) token derivative markets are popping up on centralized and decentralized exchanges ahead of Thursday’s claim event. Decentralized marketplace Clober is letting traders purchase puts on ARB with strike prices of 50 cents, $1, $2, $...
Markets
Mar. 20, 2023

Open Interest in Bitcoin Futures Hits Yearly High of $12B

The dollar value locked in the number of open bitcoin (BTC) futures contracts is rising, signifying increased speculative interest in the market and potential for price volatility. Data from CoinGlass shows the nominal value of open interest h...
Markets
Mar. 20, 2023

Arbitrum IOU, Futures Markets Heat Up Ahead of ARB Token Airdrop

Derivative markets for the upcoming Arbitrum (ARB) tokens are already open to traders ahead of this week’s claim event. Arbitrum developers confirmed last week that ARB will be airdropped to community members on Thursday, March 23, based on th...
Markets
Mar. 20, 2023

First Mover Asia: Bitcoin Is Being Made Great Again

Good morning. Here’s what’s happening: Prices: Bitcoin is pushing past $28,000 but might face some resistance at $30,000. Insights: What's driving the recent surge in bitcoin's price? Investors are looking for a safer bet in cryptos, but ...
Markets
Mar. 17, 2023

First Mover Americas: Bitcoin Busts Through $26K

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Bitcoin, the w...
Markets
Mar. 17, 2023

Bitcoin Breakout Has Put $28K in Cross Hairs

Bitcoin (BTC) looks north, having cleared a major resistance during Friday's Asian trading hours. The top cryptocurrency rose past $25,000, breaching the resistance dating back to August 2022 that also capped gains last month. The move has s...
Markets
Mar. 17, 2023

Wallet Tied to Euler Exploit Sends 100 Ether to Lazarus Group

Addresses associated with a recent exploit of the Euler DeFi protocol , and last year’s hack of Axie Infinity’s Ronin network are interacting and nobody knows why. On-chain data first spotted by Look on Chain shows that an address controlled ...
Markets
Mar. 17, 2023

First Mover Asia: Asia Pushes Bitcoin Past $25K

Good morning. Here’s what’s happening: Prices: Bitcoin is pushing past 25K and its correlation with stocks is decreasing. Insights: Plagiarism, fork or simple mistake? the Shiba Inu community is debating the origin story of the Shibarium ...
Markets
Mar. 16, 2023

The Graph's GRT Rallies 15% Amid AI Token Surge

Indexing protocol The Graph’s GRT token has rallied 18% over the last 24 hours as AI-related tokens pumped following ChatGPT’s release of its latest version of the technology that powers the popular chatbot tool. OpenAI, the company behind C...
Markets
Mar. 16, 2023

Bitcoin Holds Steady Above $25K as European Banking Crisis Eases

Bitcoin maintained steady above $25,000 after the Swiss National Bank seemed to head off a European banking crisis by agreeing to lend troubled investment bank Credit Suisse about $50 billion, and investors’ hopes rose that the U.S. central ban...
Markets
Mar. 16, 2023

Shiba Inu Token Falls 10% Amid Shibarium Code Drama

Shiba Inu (SHIB) prices fell 10% in the past 24 hours amid drama surrounding the codebase of the upcoming Shibarium blockchain. The much-awaited Shibarium blockchain released its beta version for the layer 2 network last week, as CoinDesk repor...
Markets
Mar. 15, 2023

Bitcoin Dominance Reaches 9-Month High

The bitcoin ( BTC ) dominance rate – the leading cryptocurrency by market value’s share of the total crypto market – has reached a nine-month high of 45.5%, according to data from charting platform TradingView. BTC.D last reached over 45% on Jun...
Markets
Mar. 15, 2023

Evaluating Bitcoin as a Store of Value

It’s a common question: Is bitcoin (BTC) a store of value? While proponents say, “Yes” without hesitation, skeptics note its historically large drawdowns. And that’s fair. Not long ago, in November 2021, bitcoin reached nearly $70,000 but is now ...
Markets
Mar. 15, 2023

First Mover Americas: Bitcoin Falls Back to Below $25K

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Bitcoin has re...
Markets
Mar. 15, 2023

Bitcoin Options Market Still Afraid of USDC Volatility

The Circle-issued USDC stablecoin regained its dollar peg, recovering from the Silicon Valley Bank-induced chaos over the weekend that saw its price plummet to $0.90 on major exchanges. The re-pegging is yet to calm nerves in bitcoin's derivat...
Markets
Mar. 15, 2023

Over Two Billion USDC Stablecoin Burnt in Single Day, Data Shows

Over $2.2 billion worth of USD Coin (USDC) was burnt since the start of this week as redemptions crossed $4 billion on Tuesday night. Some 723 million USDC were burnt in a single transaction in early Asian hours on Wednesday, as per The Block ,...
Markets
Mar. 14, 2023

Bitcoin Gains Early, Fades Late to Trade Below $25K

Buoyed by mildly encouraging inflation data and the banking sector’s continued rebound from near disaster, bitcoin rose above $26,000 on Tuesday for the first time in nine months before losing some of its gains. The largest cryptocurrency by m...
Markets
Mar. 14, 2023

First Mover Americas: Bitcoin Hits 9-Month High

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Bitcoin contin...
Markets
Mar. 14, 2023

Bitcoin Crosses $24.7K, Sees Highest Liquidations in Two Months

Bitcoin (BTC) added over 11% in the past 24 hours to trade above $24,700 on Tuesday, retracting all losses from over the weekend and setting a three-week high. The movement possibly came as a surprise to traders who may have otherwise bet on dec...
Markets
Mar. 13, 2023

Crypto Fund Outflows Hit Record Weekly Level

Digital asset investment product outflows reached a record weekly level, according to a report by CoinShares. The digital asset investment firm said that outflows increased for a fifth, consecutive week and totaled $255 million, representing 1% ...
Markets
Mar. 13, 2023

Bitcoin Surges 18% as $300M in Derivatives Positions Liquidated

Bitcoin, the world’s largest cryptocurrency by market capitalization, surged 18% over the past 24-hours even as fallout from the implosion of Silicon Valley Bank widened. Bitcoin, which was recently trading above $24,200, registered its largest ...
Markets
Mar. 13, 2023

Filecoin's FIL Token Gains 18% Ahead of FVM Deployment

Filecoin’s native token FIL is rallying in the lead up to a network upgrade that would make the storage network programmable. FIL reached a high of $6.20 on Monday, gaining 18%, according to CoinDesk data. This also puts the token up 15% on the ...
Markets
Mar. 12, 2023

USDC Volatility Lifts Bitcoin's Coinbase Premium to 3-Year High

The crisis at Silicon Valley Bank and the resulting volatility in the world's second-largest dollar-pegged stablecoin, USD Coin ( USDC ), has bitcoin ( BTC ) trading at relatively higher prices on crypto exchange Coinbase (COIN). Data tracked ...
Markets
Mar. 11, 2023

Traders Bet on USD Coin Rebound as USDC Falls to 90 Cents

USD Coin (USDC) fell under 90 cents on Saturday amid little respite for the token’s recovery as traders likely fled to other stablecoins to protect capital. USDC traded at 87 cents in Asian morning hours, reaching lifetime lows. It has since re...
Markets
Mar. 11, 2023

DAI Depegs as Stablecoin Rout Plagues Crypto

As the market continues to digest the impact of the sudden collapse of tech-focused Silicon Valley Bank , days after Silvergate went into voluntary liquidation , algorithmic stablecoin DAI has been knocked off its peg and has hit an all-time l...
Markets
Mar. 11, 2023

USDC Stablecoin Depegs From $1; Circle Says Operations Are Normal

Circle Internet Financial’s USDC stablecoin, which is the second-largest stablecoin at $42 billion of market cap, depegged from the U.S. dollar as contagion from the collapse of Silicon Valley Bank spreads. The USDC/USDT trading pair dropped as ...
Markets
Mar. 10, 2023

On-Chain Liquidations Beckon as Ether Slumps to 2-Month Low

Several on-chain positions are at risk of being liquidated following ether's plunge to a two-month low of $1,373. A $9.2 million position on MakerDAO will get liquidated at $1,367, while a $29.6 million position on decentralized finance (DeFi) l...
Markets
Mar. 10, 2023

First Mover Americas: Bitcoin Battered as Markets Spiral

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk Market Index (CMI): ...
Markets
Mar. 10, 2023

First Mover Asia: Bitcoin Plunges to Mid-January Levels

Good morning. Here’s what’s happening: Prices: Bitcoin's fall below below $20K took the largest crypto by market cap to mid January levels. Insights: Silvergate Bank's implosion and other events have shaken crypto markets, but investors o...
Markets
Mar. 10, 2023

Bitcoin Falls Below $20K as 2023 Rally Reverses

The price of bitcoin (BTC) has fallen below the $20,000 level for the first time since mid-January as a wave of bearish news has overwhelmed crypto's strong 2023 uptrend. The largest cryptocurrency by market capitalization quickly regained some ...
Markets
Mar. 09, 2023

Silvergate Collapse Dragging Down Bitcoin Volume

Bitcoin traders are taking a breather and considering their next steps as the market digests the collapse of Silvergate Bank, which culminated in its “voluntary liquidation” Wednesday U.S. time . CryptoQuant data shows that transfer volume, den...
Markets
Mar. 09, 2023

Polygon, Solana Lead Majors Slide Amid Bitcoin Weakness

Selling pressure on bitcoin (BTC) contributed to a broader market drop as tokens of some of the largest blockchains fell as much as 6% in Asian morning hours on Thursday. Bitcoin dipped under $22,000 during European hours on Wednesday, even as b...
Markets
Mar. 08, 2023

First Mover Americas: Bitcoin Belted by Rate Fears

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk Market Index (CMI): ...
Markets
Mar. 08, 2023

Binance Extends Market Share for Fourth Consecutive Month

Binance, the world’s largest crypto exchange by trading volume, has extended its spot market share across crypto exchanges for a fourth consecutive month. The exchange market share increased from 59.4% in January to 61.8% in February, according ...
Markets
Mar. 07, 2023

Bitcoin Price Slides to $22K as Powell Warns on Inflation

Inflationary pressures are running higher than expected, said Federal Reserve Chairman Jerome Powell in prepared remarks to the U.S. Senate as he presents the central bank's Semiannual Monetary Policy Report. "The data from January on employme...
Markets
Mar. 07, 2023

FLEX Token Rises 21% After CoinFLEX Restructuring Plan Approved

FLEX, the native token of the CoinFLEX exchange, has jumped 21% after the company received approval for a restructuring plan by the Seychelles courts. CoinFLEX filed for restructuring last August after it suspended withdrawals amid a liquidi...
Markets
Mar. 06, 2023

Does Bitcoin's Weekly Death Cross Pattern Call for Caution?

An ominous-sounding technical pattern has appeared on bitcoin's (BTC) weekly price chart for the first time on record. Analysts, however, are split on what it means for cryptocurrency. Bitcoin's 50-week simple moving average (SMA) has crossed un...
Markets
Mar. 06, 2023

Crypto Exchange Bybit Suspends USD Deposits

Crypto exchange Bybit on Saturday announced a suspension of U.S. dollar (USD) deposits for national and international customers. "We have temporarily suspended USD deposits via Wire Transfer (including SWIFT) due to service outages from our end-...
Markets
Mar. 06, 2023

First Mover Asia: Bitcoin Is Stuck Between Silvergate and China

Good morning. Here’s what’s happening: Prices: Bitcoin had a flat weekend as the market continued to digest Silvergate, and also readied what will likely be positive economic data from China this week. Insights: Like any good punk or hip ...
Markets
Mar. 03, 2023

Bitcoin Long Liquidations Hit Highest Level Since August

Bitcoin's (BTC) early Friday slide, triggered by concerns about crypto-friendly bank Silvergate (SI), shook out bullish leverage from the futures market. Exchanges liquidated longs or bullish bitcoin futures worth over $62 million during the Asi...
Markets
Mar. 03, 2023

First Mover Asia: Bitcoin Continues to Look East for Strength

Good morning. Here’s what’s happening: Prices: A busy economic week in China with plenty of data releases scheduled might be what it takes to get bitcoin out of its slump. Insights: On-chain indicators show that bitcoin’s (BTC) current pr...
Markets
Mar. 02, 2023

Silvergate Stock Tumbles 45% After 'Going Concern' Filing

Crypto-friendly lender Silvergate Capital (SI) plunged 45% in early on Thursday on questions about its survival due to losses and numerous regulatory issues that have arisen following last November's FTX collapse. In volatile action in the minut...
Markets
Mar. 02, 2023

First Mover Americas: Bitcoin Falls to Below $23.5K

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Mar. 02, 2023

Xmon Tokens Fall 80% After End of SudoSwap Lock Drop Program

Xmon (XMON) tokens fell nearly 80% in the past 24 hours following the end of a lock drop program on NFT marketplace SudoSwap. The tokens exchanged hands at nearly $4,000 at writing time on Thursday, falling from Wednesday’s $24,000 level, CoinG...
Markets
Mar. 01, 2023

First Mover Asia: NFTs Have a ‘Digital First Sale’ Problem

Good morning. Here’s what’s happening: Prices: Crypto is once again becoming the domain of short sellers. Insights: Interpretations of copyright law around the principle of digital-first sales are stuck in the Napster era, and haven't cau...
Markets
Feb. 28, 2023

Bitcoin Risks Deeper Pullback Toward $20K: Chart Analysts

Bitcoin's (BTC) recent technical failure at key price resistance has raised the risk of a deeper pullback, according to analysts studying price charts. The leading cryptocurrency's upswing has recently stalled, with prices failing to crack resis...
Markets
Feb. 28, 2023

First Mover Asia: Bitcoin Stays Rooted Near $23.5K

Good morning. Here’s what’s happening: Prices: Bitcoin stays rooted near the $23.5K threshold. Ether and many other major cryptos trade flat. Insights: China-based developers can interact with layer 1 blockchain Conflux, but the protocol'...
Markets
Feb. 27, 2023

DeFi Giant MakerDAO Rejects $100M Loan to Cogent Bank

The MakerDAO community rebuffed state-chartered Cogent Bank’s proposal to borrow $100 million from the decentralized lending platform Maker, the protocol’s governance site showed on Monday. Some 73% of the voters rejected the plan. MakerDAO i...
Markets
Feb. 27, 2023

Short-Bitcoin Funds Record $10M in Weekly Inflows: CoinShares

Investors poured money into short bitcoin funds last week as upbeat U.S. economic data and the prospect of renewed outsized rate increases by the Federal Reserve (Fed) weakened risk appetite in financial markets. Short-bitcoin funds had inflo...
Markets
Feb. 27, 2023

First Mover Asia: Solana in the Green After Weekend Deep Freeze

Good morning. Here’s what’s happening: Prices: Solana is back and ticking upwards while bitcoin appears overbought. Insights: The SEC has overreached in its latest actions against crypto entities, but the crypto industry must improve its ...
Markets
Feb. 24, 2023

Bitcoin Price Falls Back Towards Week's Low on Inflation Worry

The odds of the U.S. Federal Reserve hiking its benchmark fed funds rate 50 basis points in March are on the rise after the PCE Price Index showed the disinflation trend reversed in January. The PCE Price Index for January rose 5.4% from a year ...
Markets
Feb. 23, 2023

Bitcoin Hovers Near $24K as Investors Mull Economic Uncertainties

Bitcoin dipped early Thursday but regained its footing near $24,000 as investors continued to weigh the minutes from the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) meeting earlier this month and the latest economic data. The lar...
Markets
Feb. 22, 2023

Bitcoin Volatility Holds Steady as the VIX and MOVE Spike

The bitcoin ( BTC ) market is showing an uncanny resilience in the face of renewed investor anxiety on Wall Street. Data from CryptoCompare shows the Bitcoin Volatility Index (BVIN), which measures the implied or expected volatility over the n...
Markets
Feb. 22, 2023

First Mover Americas: Google Cloud Joins Tezos

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Feb. 22, 2023

First Mover Asia: Deconstructing Crypto's China Narrative

Good morning. Here’s what’s happening: Prices: Bitcoin can't seem to break past the $25K mark. But when it does, $30K is the next important milestone. Here's why. Insights: Some of crypto's China narrative is old, some of it is new. Is the...
Markets
Feb. 21, 2023

Crypto Analysts Scramble to Explain Bitcoin's Pause Near $25K

Bitcoin's (BTC) upswing has come to a screeching halt at a price level that proved to be a tough nut to crack last year. The leading cryptocurrency picked up a strong bid at the start of the year and has gained nearly 50% since then, outperformi...
Markets
Feb. 21, 2023

Arbitrum-Based Factor Raises $4M on First Day of Token Offering

The much-hyped launch of decentralized asset management platform Factor on Arbitrum’s Camelot launchpad has attracted over $4.3 million from traders in less than 12 hours after going live – with some expressing caution. Factor, which is offering...
Markets
Feb. 20, 2023

First Mover Asia: Bitcoin Opens the Week Testing $25K

Good morning. Here’s what’s happening: Prices: Bitcoin tests $25,000, and here's what has to happen for it to break $30,00. Insights: The June arrival in Hong Kong of a framework for Virtual Asset Service Providers, such as exchanges, wil...
Markets
Feb. 16, 2023

Bitcoin Jumps Past $25K for First Time Since June 2022

Bitcoin rocketed past $25,000 for the first time since June, before quickly retreating below the threshold, according to CoinDesk data. The largest cryptocurrency by market cap was recently trading at about $24,750, up more than 8% over the past...
Markets
Feb. 16, 2023

Only 31% of Staked Ether May be Profitable: Binance Research

Analysis by Binance Research has found that a notable minority of ether holders who staked their ETH in Ethereum's Beacon Chain over the past three years are making money, while the rest are underwater. Ethereum staking involves users lock...
Markets
Feb. 15, 2023

Bitcoin Soars Past $24K to Reach 2-Week High

Bitcoin bolted past $24,000 for the first time in two weeks after surging more than 8% over the past 24 hours, likely the result of the type of short squeeze that historically has sent prices higher. The percentage increase was the largest since ...
Markets
Feb. 15, 2023

Lido DAO’s Governance Token LDO Jumps on Treasury Proposal

LDO, the governance token of the decentralized autonomous organization (DAO) behind liquid staking solution Lido, has gained 10% on the day as it submitted a proposal on Tuesday over whether it should sell or stake the $30 million in ether from...
Markets
Feb. 15, 2023

BUSD Stablecoin Inches Toward $1 Peg After Binance CEO Comments

The Binance USD ( BUSD ), the third-largest stablecoin by market cap, is returning to its intended $1 peg after Binance CEO Changpeng Zhao commented on the crypto exchange’s connection to the popular Paxos Trust Co.-issued token on Tuesday. BU...
Markets
Feb. 15, 2023

DBS Says Bitcoin Trading up 80% in 2022 on DDex Exchange

Singapore’s DBS bank said in a release that the number of bitcoin traded on its DDEx exchange was close to 80% higher year-on-year, while the number of Ether traded on the platform was nearly 65% higher. The bank wouldn’t release figures related...
Markets
Feb. 14, 2023

Bitcoin Rebounds Above $22K After Tepid Inflation Readings

Bitcoin regained a foothold comfortably above $22,000, despite tepid January U.S. consumer price index (CPI) data. The largest cryptocurrency by market capitalization was recently trading over $22,200, a more than 3% gain during the past 24 ho...
Markets
Feb. 13, 2023

Grayscale’s GBTC Discount Widens to Near-Record High

Grayscale’s Bitcoin Trust (GBTC), the world’s largest publicly traded bitcoin fund, has seen its discount widen to near record highs. GBTC’s discount to net asset value (NAV) reached its lowest level since Dec. 29 on Monday, according to data fr...
Markets
Feb. 13, 2023

First Mover Americas: Paxos Acts on SEC Threat

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Feb. 09, 2023

The Future of Financial Planning Lies in AI and Blockchain

The integration of blockchain and artificial intelligence (AI) technology in financial planning and portfolio construction holds immense potential for efficiency, accuracy and security in the industry. The use of blockchain and AI in this field ...
Markets
Feb. 07, 2023

DebtDAO to Burn 18M FTX User Debt Tokens Following Demand Frenzy

Irrational exuberance from crypto traders for the newly-issued FTX User Debt (FUD) tokens has resulted in volatile price swings, controversies, millions in trading volumes, and a decision to destroy a majority of the token’s supply permanently. ...
Markets
Feb. 02, 2023

First Mover Americas: Network Update Lifts AVAX

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Feb. 02, 2023

Bitcoin, S&P 500 Close In on Bullish 'Golden Cross' Signal

Bitcoin ( BTC ) and Wall Street's benchmark equity index, the S&P 500, are on the verge of hitting an easy-to-track bullish technical signal, the golden cross, that often makes traders giddy with delight. A golden cross occurs when the 50-da...
Markets
Feb. 01, 2023

Decentralized Exchange Dexalot Starts a Hybrid DeFi Subnet

Decentralized cryptocurrency exchange (DEX) Dexalot has launched on layer-1 protocol Avalanche as a Subnet, attempting to combine the user experience of centralized exchanges (CEX) along with the transparency and decentralization of a DEX. Dexal...
Markets
Feb. 01, 2023

First Mover Americas: Bankrupt With $1.4B Cash

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Feb. 01, 2023

Bitcoin Price Could Reach $45,000 by Christmas 2023: Matrixport

U.S. institutions have probably been behind January’s rally in bitcoin ( BTC ), which saw the cryptocurrency gain more than 38%, and an outperformance this early in the year tends to be bullish for the token’s price, crypto services provider Matr...
Markets
Feb. 01, 2023

Bitcoin UTXOs Older Than 5 Years Surged During Bear Market

If you have been following Crypto Twitter for some time, you have probably seen several tweets claiming continued bitcoin (BTC) holding by some investors during last year's bear market. Now we have the evidence. Bitcoin's HODL Waves indicator ...
Markets
Jan. 31, 2023

Metaverse Tokens Outperforming Bitcoin in January

Metaverse-related tokens have started the year hot, outperforming bitcoin, the world’s largest cryptocurrency by market value, by large margins. Decentraland’s MANA , which is the native token of the metaverse project, has gained about 152% in ...
Markets
Jan. 30, 2023

First Mover Americas: Bitcoin Was Weekend Warrior

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Jan. 30, 2023

Floki Inu DAO Passes Proposal to Burn Over $100M Worth of Tokens

The Floki Inu community voted in favor of a recent governance proposal that sought to burn 4.2 trillion FLOKI tokens on a cross-chain bridge and reduce transactional tax. The proposal passed with a 99.97% majority voting in favor of burning the ...
Markets
Jan. 27, 2023

First Mover Americas: Layer 2 Tokens Take Lead

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Jan. 26, 2023

Crypto Exchange BIT Expands Product Suit With Toncoin Options

Cryptocurrency derivatives exchange BIT on Thursday introduced options tied to toncoin (TON), the native token of the decentralized layer 1 blockchain The Open Network, formerly known as Telegram Open Network. The options are live on the platfor...
Markets
Jan. 26, 2023

First Mover Asia: Bitcoin Tops $23.7K in Wednesday Comeback

Good morning. Here’s what’s happening: Prices: Bitcoin regains lost ground to trade over $23K again. Insights: Laguna Labs CEO Stefan Rust wrote in a CoinDesk Q&A that the Genesis Chapter 11 filing prompted a sigh of relief among many...
Markets
Jan. 25, 2023

Layer 1 Blockchain Aptos Token Reaches All-Time High

Layer 1 blockchain Aptos’ token, which has been surging since the start of the year, broke an all-time high on Wednesday. The token, APT, reached $16.46 and is up 350% since Jan. 1, according to CoinDesk data. APT was more recently changing hand...
Markets
Jan. 25, 2023

Bank of Canada Signals Pause to Rate Hike Cycle

The Bank of Canada (BoC) as expected boosted its benchmark overnight rate by 25 basis points to 4.5% on Wednesday morning, but somewhat surprisingly said it's going to at least temporarily pause on any future interest rate increases. "Inflation ...
Markets
Jan. 25, 2023

Bitcoin's Upswing Is Reminiscent of 2019 Bull Revival

Bitcoin ( BTC ) could be positioning for a big move higher if history is any guide, with a recent upswing paralleling the bull revival of mid-2019 that saw the price surge by almost 250%. The leading cryptocurrency by market value has jumped nea...
Markets
Jan. 25, 2023

First Mover Asia: Bitcoin Seesaws Above and Below $23K Again

Good morning. Here’s what’s happening: Prices: Bitcoin rises above $23K for the third time in four days. Other major cryptos are largely in the red. Insights: Despite bitcoin's most recent surge, a number of analysts are wary about its pa...
Markets
Jan. 24, 2023

Crypto Markets Today: Bitcoin Moves Sideways at $23K

Latest Prices Bitcoin ( BTC ): The largest cryptocurrency by market value was recently trading at $23,000, up 0.4% in the past 24 hours. The total volume of bitcoin options on Deribit rose to $4.25 billion last week , the highest point ...
Markets
Jan. 24, 2023

Bitcoin Breakout Has Opened Doors to $25K: Analysts

Bitcoin's (BTC) January price rally has analysts focusing on higher valuations last seen in mid-2022. The top cryptocurrency by market value has risen almost 40% to $23,000 this month, the steepest gain since October 2021, according to CoinDesk...
Markets
Jan. 24, 2023

Ether Turns Deflationary Again Led by Spike in NFT Sales

Ether has become deflationary – again – as the market attempts to rebound in 2023. Data from ultrasound.money shows ether’s net issuance, or the annualized inflation rate, has dropped to -0.07%, meaning the volume of ether being burnt is outpa...
Markets
Jan. 23, 2023

Aptos Token Prices Double in Two Weeks Amid Strong NFT Interest

What bear market? Layer 1 blockchain Aptos’ APT tokens is up 250% in just 14 days even as the broader crypto market grapples with bankruptcies, lawsuits and a decline in overall sentiment. The tokens command a market capitalization of over $2.3...
Markets
Jan. 23, 2023

First Mover Asia: Bitcoin Surges Past $23K Before Retreating

Good morning. Here’s what’s happening: Prices: Bitcoin continued its 2023, jumping past $23,000 for the first time since August before retreating to trade at about $22,750. Insights: Microsoft effectively exited the metaverse. Will Apple ...
Markets
Jan. 20, 2023

Bitcoin Soars Over $22K to Reach Four-Month High

Bitcoin soared past $22,000, its highest level since mid-September, as the broader cryptocurrency market continued its unexpected 2023 rally. The largest cryptocurrency by market capitalization was recently trading as high as $22,387, up 5.4% ov...
Markets
Jan. 20, 2023

First Mover Asia: Bitcoin Returns to Its Winning Ways

Good morning. Here’s what’s happening: Prices: After dipping early Thursday, bitcoin returned to the green; other major cryptos also rose. Insights: Cobo, the asset management platform, is adopting a key tenet of traditional finance – a d...
Markets
Jan. 19, 2023

Bitcoin Holds Steady Near $21K Even as Equities Slide

Bitcoin held steady near its most recent $21,000 perch, and a leading crypto analyst said the market had already priced in the looming bankruptcy filing of crypto brokerage Genesis Global Capital and other recent industry debacles stemming from...
Markets
Jan. 19, 2023

MakerDAO Votes to Keep Gemini USD in DAI Stablecoin’s Reserves

Decentralized finance giant MakerDAO ’s community voted for keeping Gemini USD (GUSD) stablecoin as part of the protocol’s reserve system for its DAI stablecoin in a dramatic vote that flipped at the finish line. In a poll that concluded Thur...
Markets
Jan. 18, 2023

Bitcoin Tumbles From Multi-Month High on DOJ Worry, Hawkish Fed

Just two hours after surging to a four-month high of about $21,550, the price of bitcoin ( BTC ) has tumbled nearly $1,000, now down 2.6% to $20,600. More than $107 million was liquidated across crypto derivatives markets during the quick plun...
Markets
Jan. 18, 2023

Bitcoin Erases Entire FTX-Related Decline in Latest Surge

Bitcoin ( BTC ) has risen to $21,550 early Wednesday, surpassing the level at which it stood on Nov. 5 last year just prior to the collapse of crypto exchange FTX. According to CoinDesk data , the price of bitcoin is now at its highest since mid...
Markets
Jan. 18, 2023

DeFi Protocol Thena Sees Total Value Surge to $90M in a Week

Thena, a liquidity layer and decentralized exchange (DEX) on the BNB Chain, has experienced a massive uptick in total value locked (TVL) to $90 million from $5 million since its launch last week. The protocol offers yields of up to 9.93% for liq...
Markets
Jan. 18, 2023

Crypto Observers Maintain Risk On Bias as US Debt Ceiling Nears

Last week, U.S. Treasury Secretary Janet Yellen warned that the government would reach its statutory debt limit of $31.4 trillion on Jan. 19. Understandably, that's scary and might force crypto investors to reconsider the sustainability of bi...
Markets
Jan. 17, 2023

Buyers From Coinbase Powered Bitcoin Higher or Did They?

Bitcoin (BTC) has gained nearly 28% this month, hitting the highest since early November. The popular narrative on Crypto Twitter is that traders from Coinbase (COIN) have powered the cryptocurrency higher. However, the Nasdaq-listed exchange h...
Markets
Jan. 17, 2023

BNB Chain Burns Over $500M in BNB Tokens

BNB Chain has completed the burn of over $500 million worth of its native BNB tokens as part of a broader program, it said Tuesday. The burn was executed at around 0800 UTC on Tuesday morning in transaction 34167E903B9F662A64817266D8A6CE4FE096...
Markets
Jan. 16, 2023

Options Flip to Show Stronger Bitcoin Into July

Expectations for bitcoin's (BTC) price over the next six months have turned positive after a long time, in another sign of confidence in the cryptocurrency's latest bull revival. Bitcoin's 180-day call-put skew has crossed above zero for the fir...
Markets
Jan. 14, 2023

Bitcoin Retakes $20K, Leading as Broad Crypto Rally Continues

Bitcoin's ( BTC ) 2023 surge continues, with the crypto now above $20,000 for the first time since the FTX collapse in early November. The largest cryptocurrency by market capitalization started the week near the $17,000 mark after hovering in t...
Markets
Jan. 13, 2023

Left For Dead Crypto Names Roar Higher as Bitcoin Bounces

With nearly the entire universe of publicly-traded crypto stocks down 70%-90% or even more in 2022, just a little bit of life in bitcoin (BTC) this week has led to outsized sector gains. Trading at $19,370 at press time, bitcoin (BTC) is higher ...
Markets
Jan. 13, 2023

First Mover Americas: SEC Targets Gemini, Genesis

This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices ...
Markets
Jan. 13, 2023

Bitcoin Cash Jumps 10% Ahead of Optimistic May Hard Fork

Bitcoin Cash (BCH) prices surged nearly 10% in the past 24 hours as traders shed light on potential network changes ahead of the protocol’s May hard fork. BCH broke above resistance levels of $108 to as much as $125 on Friday, price charts data ...
Markets
Jan. 12, 2023

Bitcoin Pushes Near $19K For First Time Since FTX Collapse

Quiet for most of the session following this morning's in line inflation report, an early afternoon advance has brought bitcoin ( BTC ) to $18,800, up 7% for the day and it's highest level since it was gapping down in early November as crypto exc...
Markets
Jan. 11, 2023

Crypto Markets Today: FTX Finds $5B, Bitcoin Extends Rally

Crypto exchange FTX has recovered more than $5 billion in different assets , not including another $425 million in crypto held by the Securities Commission of the Bahamas, a bankruptcy attorney said during a hearing Wednesday. This article ori...