CoinDesk Indices presents its daily market update, highlighting the performance of the leaders and laggards of the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1,862.4, down 0.6% (-11.0) since 4 p.m. ET Tuesday. Fifteen of the 20 assets are trading higher. Leaders: NEAR (+15.1%) and XLM (+5.7%). Lagging behind: BCH (-10.7%) and […]
Bitcoin Cash (BCH) falls 10.7%, leading index down Read More »
Strategy’s Recent Bitcoin (MSTR) BTC$66,881.93 The sale had a significant impact on market sentiment, but Wall Street bank Citi does not view the move as a change in the company’s long-term strategy. The bank said the sale was anticipated after Strategy announced plans to divest some tax-disfavored bitcoin holdings during its first-quarter earnings call as
ETF Flows, Not Strategy Selling, Remain the Main Driver of Bitcoin, Says Citi Read More »
BNB Chain, CoinMarketCap and Trust Wallet Launch $36,000 BNB HACK: AI Trading Agent Edition
The idea is circulating on social media that it is Iran, not Michael Saylor’s selling strategy, that is behind much of this week’s price drop. Last week, Treasury Secretary Scott Bessent announced that more than $1 billion in Iranian crypto assets (not bitcoin) had been frozen. And then yesterday, the United States announced sanctions against
BTC rebounds from overnight drop to $65,000, but remains under pressure Read More »
After briefly falling below $66,000 on Wednesday, bitcoin BTC$66,924.57 is trading near the bottom of the Power Law corridor, a level that historically occurs shortly before the price of the largest cryptocurrency rebounds. The model, popularized by physicist Giovanni Santostasi and refined by Porkopolis Economics, plots bitcoin’s price as a function of time on a
Bitcoin Falls to Lowest Power Law Valuation Zone Since FTX Collapse Read More »
Bitcoin BTC$66,924.57 and the broader crypto market stabilized Wednesday following Tuesday’s decline after Strategy (MSTR), the largest publicly traded Bitcoin holder, sold a small portion of its reserve and spot ETFs extended a record streak of net outflows. The cryptocurrency’s 14-day RSI has fallen below 30, a classic oversold reading. The indicator measures the speed
Bitcoin BTC$66,924.57 recovered 0.7% on Wednesday, but remains at a crucial crossroads after a 9.5% decline since Sunday. The largest cryptocurrency recently traded near $67,000, firmly in the middle of a range that persisted between February and April after a failed attempt at a breakout above $81,000 last month. If bitcoin falls below $60,000, it
BTC Recovers Losses But Remains Trapped as Cryptostock Divergence Deepens Read More »
US banking lobbyists have unveiled a survey to support their campaign against US stablecoins earning returns for their users, seeking to bolster their current claim with results indicating that 57% of people think Congress should prevent crypto companies from offering anything resembling banking interest on stablecoins if it could harm community lending. The American Bankers
Bank survey indicates people don’t want to make waves if stable coin yield risks lending Read More »
The long-term value of decentralized finance (DeFi) depends on its ability to transform the back-office operations of global banking institutions rather than providing alternative business environments, according to asset management and banking industry executives. Speaking on a panel at the Proof of Talk conference in Paris, the executives said traditional financial institutions are eager to
TradFi will pause DeFi growth until security concerns are resolved, executives say Read More »
Bitcoin BTC$67,017.79 traders are finally taking falling prices seriously. The cryptocurrency fear indicator, the BVIV Index, shows this. BVIV, which measures the implied or expected 30-day volatility of the cryptocurrency, jumped nearly 20% on Tuesday to 46.45%. This is the biggest one-day spike since February 5, according to data source TradingView. Here’s why it’s important.
Bitcoin ‘Fear Gauge’ Rises Nearly 20%, Biggest Rise Since Feb. 5 Crash Read More »
