Latest slide in Russian ruble and Argentina’s peso reveals cracks in the global market, according to one bank. Still, perceived haven assets remain under pressure as Treasury yields and dollar index rise. Perceived safe havens like bitcoin (BTC) and gold struggle to gather upside traction even as signs of cracks in the global market begin … Read more
Cryptocurrencies were broadly lower after a sharp mid-afternoon selloff Tuesday upended what had been a mostly quiet session. Leading the CoinDesk Market Index’s (CMI) 1.3% decline were altcoins such as Ripple’s (XRP), Dogecoin (DOGE), Polkadot’s (DOT), Polygon’s (MATIC) and Uniswap’s (UNI), each sporting losses of more than 4% over the past 24 hours. Outperforming were … Read more
The investment case for bitcoin (BTC) could be compelling as investors look to navigate some of the current uncertainties in the global macro landscape, Coinbase (COIN) said in a research report Thursday. The structural factors affecting inflation are changing with the advent of new technologies such as generative artificial intelligence (AI), and this may herald … Read more
After a quick surge to start the year resulted in a near doubling of its price, bitcoin (BTC) has traded mostly in a tight range for the past few months, struggling to hold above $30,000 for a sustained period of time. Since April, and in particular since mid-June, bitcoin’s has reversed abruptly anytime it has … Read more
Bitcoin Depot is the world’s largest bitcoin ATM operator. The company went public in July, is well-capitalized, and may seek to acquire smaller operators that struggle with key operational challenges. A lot has changed since Brandon Mintz bought his first bitcoin on what he describes as a “crappy website” in 2013. He’s now CEO of … Read more
Information security firm Distrust says a total of at least $900,000 was stolen across multiple blockchains. Hackers were able to exploit a vulnerability in the Libbitcoin explorer, an open-source command line tool or text interface used by Bitcoin developers to produce cryptographic keys and communicate with the blockchain. In 2011, just two years after Bitcoin … Read more
Good morning. Here’s what’s happening: Prices: Bitcoin was holding steady just below $30,000. Insights: The sad saga of Sam Bankman-Fried continues with a judge on Friday revoking the former FTX CEO’s bail. CoinDesk columnist David Morris explained why the decision was almost inevitable. Update: Judge Lewis Kaplan has now revoked Sam Bankman-Fried’s bail and returned … Read more
Good morning. Here’s what’s happening: Prices: Bitcoin and ether are opening flat in Asia trading, seemingly unaffected by Thursday’s Consumer Price Index numbers. Insights: Coinbase (COIN) recently likened cryptocurrencies to Beanie Babies, questioning their future in finance. Meanwhile, analysts project that real-world asset tokenization could become a $5 trillion industry, but warn that without specific … Read more
Crypto-services provider Matrixport’s proprietary Bitcoin Greed & Fear Index, which has a solid track record of marking trend reversals, is signaling a bull revival in bitcoin (BTC) The Greed & Fear Index measures investor sentiment. Readings above 90% signal greed or excess optimism, and readings below 10% represent extreme fear or pessimism. Such indicators are … Read more
This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices Top Stories A bullish inverse head-and-shoulders price pattern is building in the combined market capitalization of altcoins. The term “altcoin” is short for “alternative coin” … Read more