XRP’s push above $2.90 collapsed under heavy selling on Sept. 25, with a $277 million volume spike hammering price back to $2.75. The move erased more than $18 billion in market value over the past week and confirmed fresh resistance at $2.80, leaving traders bracing for a test of $2.70 support. News Background • XRP … Read more
Societe Generale-FORGE (SG-FORGE), the cryptocurrency-focused subsidiary of the French bank, has chosen the European arm of crypto exchange Bullish as the first venue to list the lender’s USD CoinVertible (USDCV) stablecoin. The dollar-denominated USDCV stablecoin, which SG Forge introduced on Ethereum and Solana back in June of this year, will list on Bullish Europe, the … Read more
Stellar’s XLM demonstrated notable resilience during the 24-hour session from Sept. 17, 17:00 to Sept. 18, 16:00 (UTC), trading within a $0.02 corridor between $0.38 and $0.40. The asset showed a sharp recovery following early weakness, with strong volume-driven advances at $0.39 around 19:00 and again at $0.40 near 15:00. Transaction volumes of 40.04 million … Read more
Shares of Bullish (BLSH) rose 5% to $53.12 on Tuesday after the crypto platform secured a BitLicense from the New York State Department of Financial Services, a crucial regulatory approval that opens the door to offering spot trading and custody services to institutional clients in New York. With the license, Bullish’s U.S. arm — Bullish … Read more
Bullish (BLSH), the parent company of CoinDesk, has secured a coveted BitLicense from the New York State Department of Financial Services (NYDFS), a key regulatory approval that will allow the institutional digital asset platform to offer spot trading and custody services to customers in New York, the company said in a press release on Wednesday. … Read more
Investment bank KBW initiated coverage of Bullish (BLSH), CoinDesk’s owner, with a market perform rating and a $55 price target, calling the stock a rare public play on a highly regulated, institution-first crypto exchange. The bank sees near-term U.S. expansion as a catalyst for growth, with Bullish’s differentiated tech stack, competitive fees and deep liquidity … Read more
Key economic data released Thursday indicate that the U.S. economy may be on the brink of stagflation, a challenging mix of sluggish growth, a weakening labor market, and rising prices. Despite these concerns, crypto market participants remain optimistic, focusing instead on anticipated Federal Reserve rate cuts and signals from traditional markets as drivers for higher … Read more
XRP struggled to maintain momentum above the $3.00 threshold on September 9–10, with heavy institutional selling wiping out early gains. Despite a push to $3.035, volume-driven liquidation erased upside attempts and pulled the asset back to $2.94 by session close. The move is indicative of mounting resistance near $3.02, even as traders weigh ETF catalysts … Read more
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. The key story Tuesday morning centers around BTC/USD — representing bitcoin’s dollar-denominated price — and the Binance-listed dogecoin-bitcoin (DOGE/BTC) pair, both racing to secure bullish inverse head and shoulders breakouts on their hourly charts. A confirmed breakout in bitcoin could set … Read more
Filecoin FIL$2.4401 showed strong upward momentum throughout the last 24 hours, climbing from $2.38 to $2.44, according to CoinDesk Research’s technical analysis model. The model showed that the digital asset carved out strong support foundations within the $2.38-$2.39 corridor, backed by substantial volume validation that became particularly pronounced during the 6:00 AM ET trading hour … Read more