XRP is no longer struggling above $1.20. There is a debate over whether $1.10 will last. The latest selloff came with the kind of volume usually associated with forced liquidations rather than orderly sales, pushing the token to its weakest levels in months before dip buyers finally emerged near $1.09. News background • XRP ETFs […]
Next the Ripple-linked token falls 5% to $1.10 Read More »
Bearish bets on privacy-focused zcash (ZEC) surged to a record as the token fell as much as 50% in 24 hours after a now-plugged vulnerability in its Orchard pool was revealed. ZEC recorded about $118 million in forced liquidations during the period, CoinGlass data shows. That’s remarkably small for a token whose price has halved,
Bearish zcash (ZEC) bets hit record highs as price falls Read More »
CoinDesk Indices presents its daily market update highlighting the performance of leaders and laggards in the CoinDesk 20 Index. CoinDesk 20 is currently trading at 1681.25, down 4.8% (-84.48) since 4 PM ET Thursday. All 20 assets are trading lower. Leaders: BTC (-2.8%) and BNB (-2.9%). Laggards: ICP (-14.6%) and NEAR (-14.3%). The CoinDesk 20
Bitcoin (BTC) price falls 2.8% as index falls Read More »
The U.S. economy added 172,000 jobs in May, nearly double economists’ expectations, bolstering the case for rate hikes by the Federal Reserve this year. The unemployment rate held steady at 4.3%, according to data released Friday by the Bureau of Labor Statistics. Bitcoin BTC$62,300.09 remained under pressure after the report, trading below $62,000 as the
US job growth beats forecasts and sets the stage for Fed rate hikes Read More »
Bitcoin (BTC) has mostly given up on yesterday’s modest bounce, returning to $61,900 during the US morning hours, down 0.8% over the past 24 hours. In a few minutes, the US Nonfarm Payroll Report for May will be out. While the interest rate outlook has taken a backseat to other concerns amid this week’s cryptocurrency
bitcoin below $62,000 ahead of jobs data as Zcash failure shakes crypto Read More »
In recent weeks, bitcoin BTC$62,300.09 Sentiment has been most bullish when price was highest and most bearish exactly when it was most stressed, according to Santiment data covering May 21 to June 4. Peak bullishness hit on May 22 with bitcoin close to the all-time high of $78,000. The most bearish came on June 3rd
The crypto market is teetering on the brink of a major price crash after suffering one of its worst weeks since July 2024. Bitcoin BTC$61,875.23currently trading around $62,500, has lost more 14.5% since midnight UTC Monday morning, while ether (ETH) is down more than 17% and fell 5.5% on Friday alone. Ether, the second-largest cryptocurrency,
America’s biggest banks, including JPMorgan, Citi and Bank of America, plan to build a common, tokenized deposit network by the first half of 2027 to protect their deposits from the threat of stablecoins, the Wall Street Journal reported. The system will be operated by The Clearing House, the payments company collectively owned by the banks.
new video loaded: The lasting costs of upgrading to a tough job market Sydney Ember, a Times business reporter, has spoken to recent college graduates struggling to find work. She explains how starting a career in a weak labor market can leave lasting scars on wages and opportunities. By Sydney Ember, Nour Idriss and Stephanie
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U.S. spot bitcoin ETFs recorded a small net inflow of $3.05 million on Wednesday, breaking a 13-session redemption streak that has drained more than $4.4 billion from the cohort since mid-May. The outflow pulled total bitcoin ETF assets down to $80.40 billion from $104.29 billion at the start of the streak. BlackRock’s IBIT, the largest
Bitcoin and ether ETFs end record multi-billion outflows Read More »
