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 3241.28, up 4.3% (+133.71) since 4 PM ET Tuesday. Nineteen out of 20 assets are trading higher. Leaders: SUI (+9.6%) and AVAX (+9.0%) Lagging behind: ICP (-18.1%) and BTC […]
SUI rises 9.6%, leading index higher Read More »
ICP$5.0654 pulled back from its rally above $6.50 to trade just below $5 throughout European morning Wednesday, nearly 25% below Tuesday’s peak. ICP posted a resistance-breaking rally on Tuesday, gaining as much as 64% to eclipse the $6.50 mark, before profit-taking limited much of those gains, according to CoinDesk Research’s technical analysis data model. Trading
Internet Computer falls nearly 25% after rising above $6.50 Read More »
The crypto market is tired after relentless waves of selling pressure on Tuesday. Several assets have now settled as they begin to establish support levels, but if the US dollar continues to show strength, it could signal a period of extended downside. Bitcoin BTC$102,694.86 rose about 1% since midnight UTC after two days of declines,
Altcoins Struggle As BTC Price Tests Key $100K Support Read More »
By Francisco Rodrigues (all times ET unless otherwise noted) Bitcoin BTC$102,602.55 briefly slipped below $100,000 for the first time since June as a wave of liquidations and changing macro expectations sparked a broad crypto selloff. The leading cryptocurrency is now down more than 20% from the all-time high above $126,000 it set in early October.
Cryptocurrency exchange Gemini (GEMI) is planning a move into the prediction market sector, Bloomberg reported on Tuesday. The exchange founded by Cameron and Tyler Winklevoss has discussed disclosing products in this area as soon as possible, according to the report, citing people familiar with the matter. Gemini, which became a publicly traded company on the
Gemini Prepares to Offer Predictive Market Contracts: Bloomberg Read More »
Hong Kong authorities charged 16 people, including former lawyer and social media influencer Joseph Lam, in connection with the JPEX cryptocurrency scandal that allegedly defrauded more than 2,700 investors out of HK$1.6 billion ($205.8 million). According to the police, the case is the largest alleged financial fraud in Hong Kong’s history. The charges include conspiracy
HK targets 16 in alleged $205m JPEX Crypto Scam As Interpol Hunts 3 More Suspects Read More »
Future Holdings AG (FUTURE), a Zurich-based bitcoin BTC$102,069.70 Treasury Company, said it raised 28 million Swiss francs ($35 million) in a funding round led by Fulgur Ventures, Nakamoto and TOBAM. The firm aims to bridge the gap between traditional finance (TradFi) and bitcoin through a balance-sheet driven institutional model. FUTURE is led by Chairman Richard
Adam Back, Switzerland’s FUTURE Secure 28M Swiss francs to build BTC Treasury Read More »
In what could be the start of a cap on the crypto selloff or the harbinger of more brutality to come, or both, Paris-based Sequans (SQNS) became the first of this year’s hastily formed bitcoin tax companies to unload some of its BTC stack. Alongside its third-quarter earnings report, Sequans said on Tuesday it redeemed
Selling some of his BTC Stack Read More »
Stellar’s XLM extended its decline over the past 24 hours, falling from $0.2945 to $0.2728 in a sharp 7.7% decline, reinforcing a clear downtrend. The cryptocurrency spent the session forming lower highs and lower lows within a trading range of $0.0227 as persistent selling pressure dominated market sentiment. The most important move came on November
XLM falls 7.7% below $0.28 Support Read More »
TON$1.9040 fell sharply over the past 24-hour period, breaking below the key $2 level amid a broader crypto market slump, with the CoinDesk 20 (CD20) Index retreating 2.57%. The token fell 5.5% to $1.97, with volume rising 89% above the daily average. Traders pushed TON through several support zones before finding a foothold near $1.92,
Toncoin falls below $2 as broader market conditions weigh on price Read More »
