Gold, often seen as an analog for sound money, rose 1% on Monday to set another record high and bring its 2025 gain to 43%. The metal, now trading at $3,721, advanced about an hour after bitcoin BTC$112,921.32, seen by some proponents as a digital form of sound money, posted a 24-hour drop of 3% … Read more
Bitcoin BTC$109,828.32 miner IREN (IREN) posted its first full-year profit as the company founded in 2018 expanded into AI cloud computing and ramped up production capacity with more efficient rigs. The stock climbed in pre-market trading. Net income in the year ended June 30 rose to $86.9 million from a loss of $28.9 million the … Read more
Welcome to The Protocol, CoinDesk’s weekly wrap of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, a reporter at CoinDesk. In this issue: Bitcoin Mining Faces ‘Incredibly Difficult’ Market as Power Becomes the Real Currency Bitcoin Liquid Staking Gains Momentum as Lombard Launches BARD Token and Foundation Optimism Taps Flashbots to Supercharge … Read more
Key points: Profit-taking near Bitcoin’s range highs aligns with traders’ previous reaction to new all-time highs. Dip-buying near key liquidation zones and consistent institutional investor demand suggest the sell-pressure won’t last long. Bitcoin’s (BTC) abrupt sell-off from its $124,474 all-time high seemed like a routine outcome at first, especially considering that a portion of traders … Read more
Key points: Profit-taking near Bitcoin’s range highs aligns with traders’ previous reaction to new all-time highs. Dip-buying near key liquidation zones and consistent institutional investor demand suggest the sell-pressure won’t last long. Bitcoin’s (BTC) abrupt sell-off from its $124,474 all-time high seemed like a routine outcome at first, especially considering that a portion of traders … Read more
Key points: Profit-taking near Bitcoin’s range highs aligns with traders’ previous reaction to new all-time highs. Dip-buying near key liquidation zones and consistent institutional investor demand suggest the sell-pressure won’t last long. Bitcoin’s (BTC) abrupt sell-off from its $124,474 all-time high seemed like a routine outcome at first, especially considering that a portion of traders … Read more
Key points: Profit-taking near Bitcoin’s range highs aligns with traders’ previous reaction to new all-time highs. Dip-buying near key liquidation zones and consistent institutional investor demand suggest the sell-pressure won’t last long. Bitcoin’s (BTC) abrupt sell-off from its $124,474 all-time high seemed like a routine outcome at first, especially considering that a portion of traders … Read more
Key points: Profit-taking near Bitcoin’s range highs aligns with traders’ previous reaction to new all-time highs. Dip-buying near key liquidation zones and consistent institutional investor demand suggest the sell-pressure won’t last long. Bitcoin’s (BTC) abrupt sell-off from its $124,474 all-time high seemed like a routine outcome at first, especially considering that a portion of traders … Read more
Key takeaways: XRP’s rally to $3 has pushed 94% of supply into profit, a level that historically marked macro tops. XRP is in the “belief–denial” zone, onchain metrics show, echoing peaks in 2017 and 2021. XRP’s (XRP) rally to over $3 has pushed nearly 94% of its circulating supply into profit, Glassnode data shows. As … Read more
Key takeaways: XRP’s rally to $3 has pushed 94% of supply into profit, a level that historically marked macro tops. XRP is in the “belief–denial” zone, onchain metrics show, echoing peaks in 2017 and 2021. XRP’s (XRP) rally to over $3 has pushed nearly 94% of its circulating supply into profit, Glassnode data shows. As … Read more