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The stock, oil and bond markets panicked. Bitcoin traders did not.

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Bitcoin BTC$73,886.45 the prize remained relatively unscathed during the two-week war with Iran. What’s more impressive is that its key volatility indicators have also remained stable, a sign that crypto traders are less fearful than those in traditional markets such as stocks, oil and bonds. Tensions between Iran, the United States and Israel escalated into […]

The stock, oil and bond markets panicked. Bitcoin traders did not. Read More »

Ripple-bound token swings BNB as open interest back to pre-crash level

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XRP just reclaimed a ranking it hadn’t held in weeks, and the derivatives market suggests traders are positioning for more. The token surged to $1.53 on Tuesday, up 11% over the week, overtaking BNB to become the fourth-largest cryptocurrency by market capitalization at $93.4 billion. According to CoinDesk analytics, the move broke through the $1.40

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Majors post 11% weekly gains as bitcoin tests $75,000

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Bitcoin briefly touched $75,912 early Tuesday before returning to $74,372, but the intraday volatility is less interesting than the weekly chart below. CoinDesk reported earlier Tuesday that the surge above $75,000 was due to derivatives activity rather than new buying, specifically the closing of large $60,000 short positions that forced market makers to buy bitcoin

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BTC gives up early gains, XRP, SOL and DOGE follow suit

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Bitcoin BTC$74,397.48 fell back below $75,000, underscoring the fragility of its early Asian session rally to six-week highs. Prices hit $75,912 early Tuesday, the highest since February 4, according to CoinDesk data. 10x Research highlighted activity in the derivatives market as the main driver of this rally. Specifically, closing large bearish bets related to $60,000

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BTC surpasses $75,000, XRP (XRP) and ether (ETH) jump 8%

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Bitcoin BTC$75,189.53 surpassed $75,000 early Tuesday, helped by changing dynamics in the derivatives market. Prices reached a high of $75,800, convincingly surpassing the long-term resistance corridor between $73,750 and $74,400, which has reversed the price trend three times since 2024, according to CoinDesk data. The so-called bullish breakout occurred when traders closed bearish short positions

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South Korea fines Bithumb $24 million, orders 6-month partial suspension for AML violations

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Bithumb, one of South Korea’s leading crypto exchanges, has been fined by the country’s anti-money laundering and counter-terrorism financing agency. South Korea’s Financial Intelligence Unit (FIU) fined 36.8 billion won ($24.6 million) and ordered a six-month partial suspension after finding millions of violations of the country’s anti-money laundering rules. The sanctions stem from violations of

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UK judge allows lawsuit over alleged $172 million Bitcoin theft between spouses

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A U.K. High Court judge last week allowed a trial over the alleged theft of more than 2,323 bitcoins, in a case that highlights the extent to which the country’s legal system continues to adapt traditional property law to cryptocurrency. A British resident, Ping Fai Yuen, claimed in a court filing last week that his

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