XRP fell 7% to $2.05 as a flurry of institutional selling broke through critical support levels, drowning out strong ETF inflows and forcing the token back into its November correction range. • XRP spot ETF inflows reached $666.6M. this month, led by 21Shares’ new TOXR listing• Supply of exchanges fell 45% over 60 days, showing […]
Slides 7% as technical split opens, moves to $1.80 Read More »
Bitcoin Price Today: Drops to $86,000 as Yearn Finance Pool Break Rattles Markets
Bitcoin Price Today: Drops to $86,000 as Yearn Finance Pool Break Rattles Markets Read More »
This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. A much-watched momentum indicator has flashed red, a warning that has signaled the start of extended bitcoin BTC$86,085.26 downturns in all major cycles since 2012. This indicator is the moving average convergence divergence (MACD) histogram of the monthly chart. The
Bitcoin Bear Market Confirmed, Ether Sees Death Cross Read More »
Crypto markets were hit by a fresh wave of forced liquidations early Monday as nearly $646 million in leveraged positions were wiped out across major exchanges, adding to the month’s torrid closes and extending losses in bitcoin, ether and large-cap altcoins. Coinglass data shows that longs accounted for nearly 90% of the total, with the
BTC, XRP, ETH, ADA fall as Bitcoin falls liquidates $500 million Read More »
Dogecoin plunged nearly 8% after its key support level collapsed, triggering a high-volume liquidation wave that overshadowed muted ETF inflows and sent the memecoin towards new monthly lows. • DOGE ETFs from Grayscale and Bitwise generated only 2.16 million. USD in first week inflows• The ETF launch was expected to attract institutional attention, but demand
Dogecoin Falls 9% Amid Bitcoin Weakness. Will there be a larger landfill? Read More »
Mainland China has reiterated its anti-crypto stance and vowed to intensify its efforts against speculation in virtual currencies, according to a report by China Daily. Virtual currencies lack the legal status of fiat money and cannot be used as currency in markets. All related activities qualify as illegal financial operations, officials from the People’s Bank
China to step up crackdown on virtual currencies, including stablecoins: Report Read More »
Good morning, Asia. Here’s what’s making news in the markets: Welcome to the Asia Morning Briefing, a daily overview of top stories in US hours and an overview of market movements and analysis. For a detailed overview of US markets, see CoinDesk’s Crypto Diary Americas. Bitcoin slipped below $90,000 in Hong Kong morning hours as
BOJ Rate Hike Bets Trigger Asia Selloff and Bitcoin Slide Read More »
Bitcoin BTC$90,993.53ether ETH$3,007.72 and other major tokens slipped early Monday, extending a bruising close to November amid fresh panic from DeFi platform Yearn Finance. BTC, the leading cryptocurrency by market capitalization, fell over 3% to nearly $87,000 in early Asian hours. Ethereum’s native token ETH fell 5%, while SOL, DOGE, XRP fell over 4%, according
Bitcoin Falls to $87,000 Amid yETH Exploitation of the Year Read More »
mNAV has become the valuation of choice for bitcoin government stocks – but a growing number of analysts warn that it oversimplifies the story. The rise of mNAV in bitcoin financing Over the past few years, a class of publicly traded companies has emerged whose primary value proposition is keeping bitcoin on their balance sheets.
How to read mNAV – and why NYDIG says it falls short Read More »
Brazil’s crypto market moves billions of dollars a month, and regulators are taking notice. In a technical presentation at Blockchain Conference Brasil, Flavio Correa Prado, an accountant at Brazil’s tax authority, Receita Federal, revealed that crypto transactions reported under existing rules have reached between $6 billion and $8 billion per month. If current trends continue,
Stablecoins drive 90% of Brazil’s crypto volume, tax authorities data shows Read More »
