Prediction markets tokens rise as other tokens dip: Gnosis, Augur price outlook

Bitcoin has suffered its worst weekly percentage loss since the collapse of FTX. Some of the factors behind the dip include reports of SpaceX selling its BTC holdings and the Chinese property giant Evergrande bankruptcy filing. Top prediction markets tokens have maintained a bullish trend amid the crypto meltdown. In what has caught most crypto […]

Schwab-backed crypto exchange EDX Markets goes live

EDX officially launched trading in bitcoin, ether, litecoin, and bitcoin cash today. The crypto exchange has also completed a second funding round with new investors. EDX has plans of launching a clearinghouse business later this year as well. Investors can now trade bitcoin, litecoin, ether, and bitcoin cash on a new digital assets marketplace – […]

Bitcoin, stocks eye recovery after ECB news jolts markets

Bitcoin retested the $25,000 area, while S&P 500 had gained about 1% after plunging on ECB interest rate hike news. The ECB on Thursday surprised with a 50 basis point rate hike. Reports that JPMorgan and Morgan Stanley are looking to help First Republic Bank buoyed stocks. Bitcoin and stocks have recovered slightly after trading […]

Bitcoin, stocks swing as markets react to CPI data

Bitcoin price was trading sideways after hitting highs of $22,300, with major US indexes also down. The markets’ reaction comes after hotter-than-expected inflation data for the first month of 2023. US CPI rose 0.5% over the month and 6.5% year-over-year. Bitcoin was holding just above $22,000 at around 11:00 am ET, with the flagship cryptocurrency […]

Crypto markets rallying but damage remains severe

Key Takeaways Bitcoin is up close to 50% from its lows, but is still down over two-thirds from all-time highs Some on-chain metrics show how much the rally pales in comparison to the prior fall  Positive news from the industry remains few and far between, as market prepares for latest interest rate policy, to be […]

Its the calm before the storm in crypto markets

Key Takeaways Crypto volatility has come down and extreme on-chain activity subsided in period of relative calm Several concerning developments around Genesis, Gemini and DCG are still ongoing, however Volatility could also spark up once the US inflation data is revealed this week Period is reminiscent of the low drama environment pre-FTX in October    […]

Bitcoin holds $16K as markets edged towards 2022 close

Bitcoin was changing hands near $16,600 on Wednesday, about 1% down in the past 24 hours. The cryptocurrency is heading for its worst yearly returns since 2018. Stocks have also hit a brutal patch in 2022, with major US indexes headed for their worst annual returns since 2008. Bitcoin remained uncharacteristically uneventful on Wednesday, trading […]

Normalcy returning to crypto markets, on-chain data shows

Over the last few months, the crypto market has largely been pretty serene. Bitcoin had been in crab motion around $20,000 for quite a while, as it plodded along while waiting for the wider macro conditions to make a move. I wrote in late October to be cautious around this price action, and that Bitcoin […]