For months now, bitcoin has followed a frustratingly familiar pattern for bulls: seemingly overcorrelated with the Nasdaq 100 when that stock metric goes down, but losing almost all correlation when the main tech index goes up. This week was no exception, with the Nasdaq falling 2% on Thursday and Bitcoin plunging twice as much. Friday […]
Negative tilt reaches late 2022 levels Read More »
Crypto market sentiment deteriorated sharply with the Fear and Greed Index falling to 10, a level indicating “extreme fear”, marking a nearly nine-month low as it was the lowest reading since late February. The fall in sentiment follows a week of losses across major cryptocurrencies, led by bitcoin falling to just under $96,000 in a
Market sinks into “extreme fear” after BTC fails to hold $100,000 Read More »
Stablecoin giant Tether is in talks to lead a billion-euro ($1.16 billion) funding round for Neura Robotics, a German startup developing AI-powered humanoid robots. The potential deal would value Neura between 8 billion and 10 billion euros, the Financial Times reported, citing sources close to the negotiations. If finalized, the investment would represent a big
Crypto markets might appear calmer after leverage was wiped out in October, but beneath the surface, liquidity remains absent. Data from CoinDesk Research shows that order book depth on major centralized exchanges remains structurally lower, suggesting a more cautious market-making environment as the end of the year approaches. This environment paves the way for tighter
Will cryptocurrency trading ever recover after the October liquidity crash? Read More »
Bitcoin BTC$94,953.24 saw no rebound on Friday, holding at a session low below $95,000 late in the day in the United States, after a bruising week that sent prices to their lowest level since May. The largest cryptocurrency is once again underperforming U.S. stocks, with major U.S. indexes holding on to minor gains minutes before
How low can the price of Bitcoin (BTC) fall? Analyst sets $84,000 as downside target 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 3051.08, down 2.6% (-80.64) since 4 p.m. ET on Thursday. Three out of 20 assets are trading higher. Leaders: DOT (+1.2%) and APT (+1.0%). Lagging behind: AAVE (-7.8%)
AAVE falls 7.8%, leading index down Read More »
The U.S. Department of Justice has handed down several convictions in its prosecution of domestic workers in the Democratic People’s Republic of Korea’s schemes to pocket large quantities of cryptocurrencies, and it has also seized assets from cyber heists targeting crypto platforms, the department said in a statement released Friday. The five guilty pleas announced
US DOJ pursues North Korea’s illicit money machine, seizes more crypto Read More »
The sharp sell-off breaches the psychological low of $2.30, erasing recent gains as distribution overwhelms XRPC’s historic debut. News context XRP’s worst intraday decline in weeks coincided with a major industry milestone: the launch of the first US spot XRP ETF, Canary Capital’s XRPC, now officially live on Nasdaq at 5:30 p.m. ET. The listing
Plunges 7%, but will XRPC ETF rise on day two? Read More »
Canary Capital will likely pause filings of new crypto exchange-traded funds (ETFs) for the rest of the year, with CEO Steve McClurg saying the company has already submitted applications for every token currently eligible under current regulatory guidelines. Speaking in an interview with CoinDesk, McClurg said the XRP ETF launched this week and a pending
Canary likely to pause ETF filings with XRP, consider SEC change going forward Read More »
The $2.5 billion BUIDL fund, tokenized by Securitize, boosts its utility for institutional traders and expands to a new blockchain.
