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CoinDesk Indices presents its daily market update highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3809.52, down 4.3% (-172.06) since 4 PM ET Wednesday. One in 20 assets are trading higher. Leaders: ETC (+2.1%) and ETH (-1.4%). Lagging behind: SOL (-8.8%) and AVAX (-5.7%). […]

Pakinomist — Needham & Co. said its proprietary ‘Crypto Euphoria Needham Diagram’ (CEND) reached its highest levels since inception, indicating that market sentiment for cryptocurrencies is “very high right now” and approaching “extreme euphoria.” The CEND index, which tracks various metrics related to the crypto market cycle, registered a value of 64 this week, a

Animecoin, the governance token linked to the non-fungible token (NFT) project Azuki, has debuted at a fully diluted value (FDV) of $1.2 billion with tokens trading at $0.12 on HyperLiquid. The total supply of the token is set at 10 billion, and holders of the Azuki NFT can claim the airdrop. Users reported that the

By Omkar Godbole (All times ET unless otherwise noted) Bitcoin and most major cryptocurrencies are weaker after the Chicago Mercantile Exchange, a proxy for institutional activity, rejected reports of listing futures linked to XRP and SOL. Traditional markets are also holding their breath for the expected rate hike from the Bank of Japan on Friday.

The outlook for bitcoin (BTC), the world’s largest cryptocurrency, is positive and the price is expected to remain elevated in 2025, German lender Deutsche Bank (DB) said in a report on Wednesday. A more favorable regulatory and policy backdrop in the US, growing institutional adoption and a looser monetary policy from the Federal Reserve are

Tortola, British Virgin Islands, 23 January 2025, Pakinomist Nibiru, a secure and high-performance blockchain, has reached successful code completion for its upcoming Nibiru EVM (Nibiru V2) upgrade. “This milestone marks an important step in the development of Nibiru. A smooth launch of an initiative like this is all about doing small things right to make

Dubai, United Arab Emirates, 23 January 2025, Pakinomist Bybit, the world’s second largest cryptocurrency exchange by trading volume, is pleased to announce new reward opportunities through bbSOL staking on the Bybit Launchpool. Bybit users now have the opportunity to participate in mining through bbSOL staking and access various prize pools, all within a few clicks.

Ethereum layer-2 protocols are processing transactions faster than ever, with Coinbase’s BASE at the forefront of this advancement. According to data from growthepie.xyz, the cumulative transaction throughput for layer 2s has increased to 29.64 million gas units per second (Mgas/s), the highest pace ever recorded. BASE leads the way and accounts for 67% of the

Bitcoin (BTC), the largest cryptocurrency by market capitalization, is likely to hit record highs of more than 70 days this year, more than tripling last year’s figure, if the price continues to mirror 2017’s performance. It’s already on track to hit $109,000 on January 20, the day of President Donald Trump’s inauguration. In 2024, it

Volatility traders looking to take advantage of significant price swings may soon find opportunities. A key indicator suggests that bitcoin (BTC), currently above $100,000, is like a coiled spring ready to release energy in either direction. The indicator is the rolling 60-day price range that represents the variation in maximum and minimum prices as a