Bitcoin bulls are battling to defend the $63K
Bitcoin bulls are battling to defend the $63K level after losing momentum, with BTC now trading around $62,600. The broader crypto market is in consolidation. Will July bring the expected positive trend?
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Oct. 25, 2024
Crypto Rally Foiled by Report of DOJ Probe of Tether
Cryptocurrency prices have reversed early gains and are broadly lower during U.S. afternoon hours on Friday following a Wall Street Journal report that the U.S. is probing stablecoin issuer Tether for violations of sanctions and anti-money laun...
Markets
Oct. 25, 2024
Tokenized Treasuries Like Blackrock's BUIDL Will Challenge Stablecoins But Won't Fully Replace Them: JPMorgan
Tokenized treasuries won't fully replace stablecoins, JPMorgan said. Stablecoins have a regulatory advantage because they are not classified as securities, the report noted. Liquidity in stablecoins is also much higher than tokenized treasurie...
Markets
Oct. 25, 2024
First Mover Americas: Bitcoin Falls Back Below $68K, Still Outperforms Broader Market
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 20 Index: 2,081.93 ...
Markets
Oct. 25, 2024
MicroStrategy Touches New Highs as Trading Volume Relative to Nvidia Surges
MicroStrategy’s trading volume reached 17.65% of Nvidia's in October, despite its market cap being only 1.5% of the chip giant. MicroStrategy is just 8% away from reaching a $50 billion market cap valuation. Disclosure: The author of this s...
Markets
Oct. 25, 2024
The Popular $100K Year-End Goal for Bitcoin Has Less Than 10% Probability in Options Market
The way BTC options trading on Deribit are currently priced suggests a 9.58% chance of prices rising above $100,000 by Dec. 27. The possibility of prices rising to $82,000 is higher, according to one observer. Options market probabilities can ...
Markets
Oct. 25, 2024
Bitcoin Liquidity Could Flow to Cardano Ecosystem With New BTC Bridge
Bitcoin rollup protocol BitcoinOS said its Grail bridge was going live for the Cardano network on Thursday, opening the floodgates for capital from Bitcoin flowing into the Cardano ecosystem. EMURGO, a founding entity of Cardano, will be amon...