Bitcoin BTC$67,987.43 rebounded to $67,500 during Wednesday’s morning session in the United States, gaining more than 5% in the past 24 hours as deeply bearish positioning in the crypto market began to unravel. The move sparked a broader relief rally among altcoins. Ethereum Ether (ETH) surged 10%, returning to the $2,000 level for the first […]
BTC hits $67,000; ETH, DOGE and SOL lead amid crypto short squeeze Read More »
GD Culture Group (GDC) has received board approval to sell a portion of its 7,500 bitcoin reserve to help fund a previously announced share buyback program, the company said. Board authorization allows management to decide when and how to conduct bitcoin sales. GD Culture stressed that it was not obligated to sell a fixed amount
Management Gets Board Approval to Sell BTC Read More »
XRP rose 6% as bitcoin neared the $67,000 mark on Wednesday morning in the United States, with data from one exchange showing spot buyers outpacing sellers by more than 200%. News context Bitrue, a long-time XRP supporter and exchange, told CoinDesk that he observed a large increase in XRP spot activity between February 23 and
Ripple-Linked Token Rises 6% as Bitcoin (BTC) Nears $67,000 Read More »
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 1937.2, up 4.4% (+82.19) since 4 p.m. ET Tuesday. All 20 assets are trading higher. Leaders: DOT (+17.2%) and AVAX (+12.9%). Lagging behind: BTC (+2.8%) and AAVE (+3.0%).
Polkadot (DOT) jumps 17.2% as all assets rise Read More »
Bitcoin BTC$66,195.14 saw a volatile trading session overnight, rising as much as 3.7% before giving back some of those gains. The largest cryptocurrency remains in the black since midnight UTC, up 2.4% to trade around $65,600. This remains within a price range that has persisted over the past three weeks. The altcoin market is also
Bitcoin’s late-night spike fuels broad altcoin rally: Crypto Markets Today Read More »
By Omkar Godbole (All times ET unless otherwise noted) Traders looking for alpha might want to take a look at US-listed bitcoin BTC$65,857.23 mining stocks. Some of these companies are thriving, boldly dissociating themselves from the volatile price action of cryptocurrency. Shares of Terawulf (WULF) have gained 31% this month, even as the spot price
These Bitcoin-Related Stocks Are Doing Better Than BTC: Crypto Daybook Americas Read More »
Shares of Circle (CRCL) jumped more than 15% in pre-market trading after the stablecoin issuer’s fourth-quarter earnings per share (EPS) beat analyst forecasts. The USDC stablecoin issuer reported EPS of $0.43, compared to the consensus estimate of $0.16, according to FactSet data. The New York-based company also reported earnings before interest, taxes, depreciation and amortization
Circle (CRCL) shares jump 15% in premarket as earnings beat estimates Read More »
US Senator Richard Blumenthal, a top Democrat on the Senate Homeland Security Committee, on Tuesday opened an investigation into alleged sanctions violations at crypto exchange Binance, The New York Times reported on Wednesday. Blumenthal, who represents Connecticut, sent Binance a letter inquiring about $1.7 billion allegedly transferred from the platform’s accounts to organizations linked to
The Bitcoin-holder Strategy (MSTR) stock market is among the most “heavily sold,” a market slang term for the dominance of bear plays, according to data from FactSet and Goldman Sachs. Yet some observers say the positioning may not reflect investors’ preference for continued price falls. According to the report released last week, bearish bets on
MSTR tops the list of most heavily shorted stocks, but don’t assume pure decline Read More »
Attached USDT$1.0002the world’s largest stablecoin by market value, continues to decline and appears poised for a second consecutive monthly contraction, signaling challenging conditions for a sustainable and broader market recovery. Tether’s market capitalization fell 0.8% to $183.61 billion this month, extending January’s 1% decline from a record $186.84 billion, according to data source CoinDesk. This
