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 1968.37, down 3.4% (-69.59) since 4 p.m. ET on Monday. None of the 20 assets are trading higher. Leaders: CRO (-1.1%) and BCH (-2.1%). Laggards: APT (-5.5%) and […]
index falls 3.4% as all components trade lower Read More »
Bitcoin BTC$68,689.78 The drop to around $60,000 earlier this month looked familiar, not to gold bugs, but to tech investors, crypto asset manager Grayscale said in a Monday report. As high-growth software stocks sold off, bitcoin fell at almost the same rate, reinforcing the idea that, for now, the world’s largest cryptocurrency is trading more
BTC trades like a tech stock with faltering growth Read More »
Jump Trading plans to take a small stake in each of market prediction platforms Kalshi and Polymarket, Bloomberg reported Monday, citing people with knowledge of the matter. The trading powerhouse, which particularly focuses on cryptocurrency, will obtain the shares in exchange for providing liquidity on both platforms. Jump is expected to take a fixed amount
Jump Trading to take small stakes in prediction markets Polymarket, Kalshi: Bloomberg Read More »
Bitcoin BTC$68,770.12 is struggling to regain its footing above $70,000 as altcoins outperform. The largest cryptocurrency was little changed over 24 hours, while the broader CoinDesk 20 Index (CD20) rose 0.40% even as ether ETH$2,014.04 declined. Memecoins led the gains, with the CoinDesk Memecoin Index (CDMEME) adding 1.5% while PIPPIN climbed 46%. Tokens related to
Institutional cryptocurrency exchange provider LMAX Group has unveiled Omnia Exchange, designed to allow users to seamlessly convert currencies, cryptocurrencies, stablecoins and other digital assets on a single platform, the company announced Tuesday. Described as a “unified multi-asset infrastructure layer,” Omnia allows users to exchange any asset directly for any other 24/7, without size or type
LMAX unveils new exchange to break the wall between crypto and FX Read More »
A federal judge in California has sentenced a dual Chinese and St. Kitts and Nevis national in absentia to 20 years in prison for his role in a $73 million international crypto scam. Daren Li, who is a fugitive after having an electronic ankle monitoring device removed in December, was also sentenced to three years
About a week ago, Bitcoin BTC$69,164.00 fell more than 10% in one day to around $60,000 before rebounding to $70,000 in recent days. The question is: Did the slide mark a “capitulation,” when holders sold at a loss in panic, exhausting the bearish pressure and setting the stage for another bull run? The futures market
Not sure we’ve reached true capitulation in Bitcoin, says derivatives expert Read More »
For the first time in nearly a month, U.S. Bitcoin exchange-traded funds (ETFs) recorded back-to-back net inflows, ending a streak of redemptions that dated back to mid-January. According to SoSo value data, the shift in consecutive inflows began on Friday with $471.1 million in fresh capital, followed by $144.9 million on Monday. This comes as
US BTC ETFs see back-to-back inflows for the first time in a month Read More »
Bitcoin BTC$69,475.09 The sharp rebound from last week’s slide toward $60,000 was accompanied by a subtle but important shift in a closely watched gauge of U.S. demand. The Coinbase Bitcoin Premium Index – which tracks the price gap between bitcoin traded on Coinbase and the global market average – climbed sharply from deeply negative territory,
US Bitcoin Demand Signal Returns After Crash Read More »
Bitcoin BTC$69,794.85 The rebound after last week’s sell-off is already hitting a wall. After briefly slipping into the $60,000 mark during a capitulation move last week, the largest cryptocurrency returned to the $70,000 level over the weekend, but momentum has since faded. This stall causes traders to reframe the rebound as a classic bear market
BTC faces new resistance near $71,000 Read More »
