By Francisco Rodrigues (All times ET unless indicated otherwise) The wind seems to be coming out of the crypto market's sails. Bitcoin (BTC) fell 3% in the past 24 hours, dropping below $115,000, and it's actually one of the better performing of the largest cryptocurrencies. The CoinDesk 20 (CD20) index, a measure of the broader … Read more
By Omkar Godbole (All times ET unless indicated otherwise) The crypto market quickly recovered from the late Wednesday swoon triggered by Fed Chair Jerome Powell's hawkish comments. Bitcoin (BTC) bounced to $118,500 from $116,000, with ether (ETH), XRP (XRP) and other major altcoins following suit. The CoinDesk 80 Index traded over 2.5% higher on the … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin's Asian session bounce from $117,500 ran out of steam near $119,200 during European hours, extending two weeks of directionless trading. The CoinDesk 20 (CD20) Index traded 1.4% lower over 24 hours, with the broader CD80 gauge reporting a 4.6% decline, indicating pronounced weakness in altcoins. … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin (BTC) traded little changed around $120,000, struggling to build on a weekend bounce characterized by consistent demand at around $117,000. Other tokens were less moribund. The CD20 Index, which captures about 80% of the digital asset market, rose 2% over 24 hours while the CD80 … Read more
By James Van Straten (All times ET unless indicated otherwise)Bitcoin (BTC) has dropped 3% in the past 24 hours and is currently some 7% below its June 14 all-time high. This raises the question of how much further it might drop. In the context of a continuing bull market, double-digit corrections are not unusual, with … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin's (BTC) consolidation continues to take the wind out of the bull run in the broader market that had raised hopes for the so-called alt season marked by prolonged outperformance of alternative cryptocurrencies. Over the past 24 hours, major altcoins have experienced a significant decline, led … Read more
By Francisco Rodrigues (All times ET unless indicated otherwise) The government's announcements of trade agreements with countries including Indonesia and Japan “raised hopes that the U.S. might be about to reach deals with other countries that avoid the higher tariffs,” Deutsche Bank analysts wrote in a note reported on by Reuters. That optimism has allowed … Read more
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin’s (BTC) bull run stalled, with prices falling 5% from the record high in a classic bull-market pullback. The adverse price action took the wind out of the broader market, too, though exceptions like BONK and PUMP — up 5% on a 24-hour basis — bucked … Read more
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, … Read more