Bitcoin’s rally from last week’s lows crushed traders who were betting against it. Short sellers, who are taking advantage of falling prices, lost $504 million in the 24 hours to Monday morning, the largest amount in a single day since late April, according to CoinGlass. In comparison, bets on rising prices lost just $151 million. […]
Bitcoin rebound triggers shortest sell-offs since late April Read More »
BTC, ETH, XRP and others fell from their overnight highs as tensions between Iran and Israel and rising oil sparked risk aversion in Asian stocks.
Top cryptocurrencies under pressure as oil jumps 3% Read More »
Bitcoin BTC$62,799.54 retreated from Sunday’s highs as the renewed military conflict between Iran and Israel sent Asian stocks, including South Korea’s Kospi index, falling sharply. The top cryptocurrency by market value was trading at around $62,900 as of 4:00 UTC, after hitting a high of $63,776 on Sunday evening, according to data source CoinDesk. WTI
Bitcoin falls back below $63,000 as Iran-Israel trade collapses and Korean stocks slump. Read More »
Bitcoin Tests $63,970 Resistance During V-Shaped Rally: Live Levels
Bitcoin Tests $63,970 Resistance During V-Shaped Rally: Live Levels Read More »
The House Ways and Means Committee has circulated seven bills ahead of this week’s hearing on crypto tax policy, signaling what the industry can expect. You’re reading State of Crypto, a CoinDesk newsletter that examines the intersection of cryptocurrency and government. Click here to subscribe to future editions. The story The House Ways and Means
A Quick Review of Ways and Means Tax Bills: State of Crypto Read More »
Michael Saylor may have given a hint on Strategy (MSTR)’s next move after last week’s bitcoin surprise BTC$62,140.72 sale. On Sunday, the company’s executive chairman released the chart traditionally used to track Strategy’s bitcoin purchases on X, writing: “Good time to add more points.” » Market watchers view the postings as a harbinger of a
Michael Saylor Reignites Bitcoin Buying Speculation as Surveillance Intensifies Read More »
Bitcoin BTC$62,128.76 is back to the levels observed at the beginning of February: almost $60,000. But this time, the response from institutions is completely different. Today, they are selling aggressively into the decline, ETF flows show, unlike February, when selling slowed as prices fell to near $60,000. This marks a fundamental shift in how institutions
ETF Flows Tell a Different Story Read More »
Bitcoin BTC$62,087.59 falling below $60,000 to hit a new cycle low left investors searching for someone to blame. According to Greg Cipolaro, global head of research at NYDIG, there probably isn’t just one. In a report last week, he argued that bitcoin and the broader crypto market face several overlapping headwinds weighing on prices. AI
Fears over AI, tech IPOs, quantum and strategy selling are all converging, says NYDIG Read More »
Bill Barhydt built Abra around a simple idea: crypto should work like a bank. In 2018, Abra became one of the first companies to offer what Barhydt describes as a comprehensive crypto banking service, allowing customers to trade, earn, borrow and make payments from a single platform. Eight years later, as the company prepares to
The Ethereum Foundation’s budget cuts, staff departures and leadership changes fueled weeks of criticism from parts of the blockchain community, but Joe Lubin, who helped found it and is now CEO of software developer Consensys, said the moves were a necessary development, not a crisis. Lubin, who has no role in the foundation, told CoinDesk
Foundation cuts and departures are not a crisis, says Joe Lubin Read More »
