Bitcoin briefly rises over $23,000 for the first time since August
Bitcoin breached the $23,000 threshold for the first time since early August, before dipping late Sunday. Ethereum, too, was up over the weekend, trading at $1,640. Overall, both crypto and traditional markets are looking optimistically at the evidence of waning inflation and an unlikely steep recession.
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Oct. 23, 2024
First Mover Americas: BTC's Fall Below $67K Prompts Broad Market Dip
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: 2,055.12 ...
Markets
Oct. 23, 2024
Musk’s Tesla Still Holds $780M Bitcoin, Arkham Says, Ahead of TSLA Earnings
Tesla moved nearly its entire Bitcoin stash, worth nearly $780 million, to new wallets last week, causing some market volatility, but the BTC remains unsold and is believed to still be owned by Tesla. Bitcoin has been redistributed into several...
Markets
Oct. 23, 2024
Bitcoin Mining Difficulty Hits All-Time High as Mining Revenue Rises; Signals Upcoming Bull Run
Bitcoin difficulty hits an all-time high of 95.67T, which coincides with a record hashrate that went above 700 EH/s for the first time. The 3.9% jump in difficulty becomes the 13th positive adjustment for 2024. Once the 365-SMA total miner rev...
Markets
Oct. 23, 2024
DOGE, XRP Lead Crypto Majors Decline as Bitcoin ETFs Bleed $80M
Bitcoin failed to sustain a rally towards $70,000, influencing a broader market decline where the CoinDesk 20 index also fell by nearly 2%. U.S.-listed Bitcoin ETFs saw a break in their inflow streak with a net outflow, suggesting a shift in in...
Markets
Oct. 23, 2024
As Bitcoin Nears Golden Cross, Concerns About Rising Treasury Yields Look Overhyped
Concerns about rising U.S. Treasury yields and Fed's supposed policy mistake may be overblown, according to TS Lombard. BTC's daily chart shows an impending golden cross, signaling bullish outlook. Bitcoin's {{BTC}} latest failure to surpass ...
Markets
Oct. 23, 2024
MakerDAO Contemplates Dropping Sky Brand as Community Debates
MakerDAO's community is set to debate dropping the Sky brand. A formal governance poll is scheduled for November 4. MakerDAO is contemplating dropping the Sky brand after a lukewarm reception to the re-brand and a successful launch of the USD...