As Gold Nears Record, Bitcoin Doesn’t Shine So Brightly
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part […]
Market Wrap: Bitcoin Stabilizes Ahead of Biden’s Executive Order on Crypto
Most short-term bitcoin holders are at a loss, having a cost basis of around $46,400, according to data compiled by Glassnode. Long-term holders, however, have an estimated break-even point of about $39,200, which, if broken, could yield further downside toward $24,000.
Bitcoin Stays Above $38K While Nickel Surges to $101K in Surprise Run
“Those that had bet against the metal’s rise in value have now been forced to buy at a much higher price, creating a short squeeze,” explained Susannah Streeter, an investment analyst at Hargreaves Lansdown, in an email to CoinDesk. “It’s likely a big margin call prompted the suspension of trading, with sharp gains forcing speculators […]
Large Ether Options Flow Guards Against Price Slide Below $2.2K
A single trader or several traders bought more than 36,000 contracts of Deribit-listed ether put option expiring on March 18, of which more than 20,000 were blocked on institution-focused over-the-counter tech platform Paradigm, according to Swiss-based data tracking firm Laevitas. The put option buyers would make money if ether drops below $2,200 by March 18. […]
First Mover Asia: Malaysia May Be Asia’s Next Crypto Hub; Major Cryptos Decline as Russia Onslaught Intensifies
At the time of publication, bitcoin was trading at about $38,300, off slightly over the past 24 hours. Ethereum was changing hands just above $2,500, down 1.7%. Most other major cryptos were firmly in the red. It was the third consecutive day of crypto declines, which started late on Friday as faint hopes for a […]
Market Wrap: Bitcoin Dips; Trading Range Could Result in Sharp Price Swings
“With prices trading sideways in recent weeks, a relative equilibrium has been established,” Glassnode, the crypto data firm, wrote in a blog post. “However, given the limited incoming fresh demand, this delicate balance can be disrupted by any significant degree of seller exhaustion, or conversely a re-invigoration of sellers.”
Bitcoin mantiene su soporte por encima de $35K-$37K, con una resistencia de $45K
El índice de fuerza relativa (RSI, por sus siglas en inglés) en el gráfico de cuatro horas está subiendo desde niveles de sobreventa, un fenómeno similar al ocurrido durante la última semana de febrero, que precedió a un salto del precio. Aun así, el RSI puede permanecer en territorio de sobreventa durante unos días antes […]
Bitcoin Holding Support Above $35K-$37K, Resistance at $45K
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part […]
Crypto-Fund Inflows Tripled Last Week to Highest in Almost Three Months
Bitcoin funds saw inflows of $95 million last week, the most since early December. Ether funds saw minor inflows of $25 million, the most in 13 weeks, and potentially a sign of a changing mood after the negative sentiment that prevailed over the past few months, according to CoinShares.
Fantom Ecosystem Coins, DeFi Value Locked Plunge After Developer Exit
“While Cronje’s departure from crypto and DeFi is undoubtedly a great loss, the developer has helped build the projects in a way that will allow them to function without him,” Dmitry Mishunin, founder of a DeFi analytics company HashEx, wrote in a Telegram message to CoinDesk.