By Francisco Rodrigues (all times ET unless otherwise noted) Bitcoin BTC$100,150.49 and other major cryptocurrencies fell in the past 24 hours with the CoinDesk 20 (CD20) index retreating 2.17%, caught in the pullback that has gripped global markets this week. The broader retreat began with a selloff in technology-heavy stock indexes such as the Nasdaq […]
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The crypto market compounded a negative week with a continued decline on Friday. Bitcoin BTC$100,108.89 dropped to $100,600 and ether ETH$3,239.55 is languishing at $3,270. The move appears to be in line with the broader crypto market trend of late, which has seen BTC lose 18% of its value over the past 30 days. Both
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Filecoin FILE$2.2434 delivered one of cryptocurrency’s most explosive moves during the 24-hour period, rising from $1.33 to $2.27 in a rally that established the token as a clear sector leader, according to CoinDesk Research’s technical analysis model. The 70% advance occurred over an overall range of $0.95, with FIL demonstrating sustained momentum through three distinct
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IREN (IREN) reported record first-quarter earnings as it further expanded into AI cloud computing and bitcoin revenue BTC$101,025.03 mining increased. Net income in the period ended Sept. 30 rose to $384.6 million, reversing a year-earlier loss of $51.7 million, the company said on its website. Total revenue rose 355% to $240.3 million, with bitcoin mining
Wall Street bank JPMorgan ( JPM ) called Robinhood’s ( HOOD ) third-quarter results solid but lower quality, as weaker crypto revenue and tax benefits caused a big chunk of earnings to take a hit. The bank said the hit to around 15% earnings per share (EPS) was mainly due to a lower tax rate
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Wall Street giant Citi ( C ) said the sluggish start to the traditional Santa Claus rally may not yet derail the year-end stock rally, but pointed to bitcoins BTC$101,596.00 fall as a warning sign. Bitcoin’s trading behavior has historically mirrored the fortunes of the Nasdaq 100: When the cryptocurrency is above its 55-day moving
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Stream Finance’s recent disclosure of a default and a $93 million loss, coupled with October’s $20 billion crypto crash, has left digital asset lenders scrambling to de-risk while keeping credit lines robust, according to a new note from Flowdesk. Flowdesk says leverage is being reduced as traders reassess counterparties, but credit is not frozen. Borrowing
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Bitcoin hovered around $102,000 on Friday as crypto markets struggled to sustain a rally weighed down by renewed caution in global stocks and a stronger dollar. Total crypto market capitalization rose 1% in the past 24 hours to $3.4 trillion, its first gain after four straight days of decline, though traders remain wary that the
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XRP plunged sharply on Wednesday as sellers breached key support zones, triggering widespread liquidation across exchanges, while institutional flows drove the heaviest trading activity in over a week. News background XRP fell 7.5% in 24 hours, falling from $2.40 to $2.22 in a broad-based selloff that accelerated after the token broke technical support at $2.28.
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According to CoinDesk Research’s technical analysis data model, ether ETH$3,364.14 fell 3.3% to $3,331 in the past 24 hours, breaking below the key $3,400 support level despite evidence of aggressive whale accumulation. ETH-USD 1-month chart (CoinDesk data) The decline erased recent gains as sellers overwhelmed buyers at crucial price points. ETH posted a lower-high structure,
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