Bitcoin briefly broke below $83,000 late Monday as thin liquidity, a weekend macro scare out of Japan and growing fears of a potential MSCI methodology change converged on a quick, erratic move lower. Prices hovered above $85,000 in Asian hours on Tuesday morning, with XRP, ether ETH$2,805.65Cardano’s ADA, Solana’s SOL and BNB Chain’s BNB show […]
Bitcoin May Fall to $65,000, Spell Doom For Alts Read More »
XRP broke below the psychological $2.00 level on high selling volume before staging a partial recovery, highlighting the intensified volatility as bulls and bears battle for control in a critical inflection zone. • XRP briefly dipped below $2.00 as Monday’s crypto session saw broader risk-off positioning• The volume increased to 149.1 million. – more than
Bear Trap Discovered As Ripple Token Test Drops Below $2 Read More »
Bitcoin BTC$87,076.85 traders are increasingly taking defensive positions and preparing for a potential price drop below $80,000 in the new year. “Skew’s sharp move lower shows traders piling up puts, particularly in the December 26 expiration where open interest has concentrated on the $84K and $80K strikes,” Nick Forster, co-founder of Derive, said in a
BTC Traders Bet on Sub-$80K New Year: Infer Read More »
Facing questions from critics about its ability to fund dividends on its various classes of preferred stock, Strategy (MSTR) and its executive chairman Michael Saylor announced early Monday the creation of a reserve of US$1.44 billion. The reserve was raised via last week’s sale of common stock, and the company initially intends to keep enough
Michael Saylor and strategy (MSTR) raise cash to fund preferred dividend 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. Tether is back in the spotlight as traders return to
This year’s Tether debate is a good one to have Read More »
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 2722.81, down 7.3% (-213.41) since 16 ET Friday. None of the 20 assets are trading higher. Leaders: BCH (-4.8%) and BTC (-5.7%). Lagging behind: NEAR (-13.8%) and AVAX (-13.7%).
Bitcoin price falls 5.7% as index trades lower Read More »
As Canada turns to stablecoin regulation, Scotiabank argued the move is unlikely to shake up domestic markets. Any framework is really about upgrading payment speed, efficiency and 24/7 settlement, rather than managing systemic risk, economist Derek Holt wrote in last week’s report. In November, the government committed to legislation that will regulate stablecoins backed by
Canada Eyes Stablecoin Rules as Scotiabank Marks Limited Market Impact Read More »
Crypto-related stocks started December lower like bitcoin BTC$86,563.37 tumbled towards $84,000 during the US morning hours. Shares of Coinbase (COIN), Gemini (GEMI), and Galaxy Digital (GLXY) fell nearly 6%. Crypto mining stocks were also hit, with MARA Holdings ( MARA ), Riot Platforms ( RIOT ), and Hive Digital ( HIVE ) falling 7%-9%. Bitcoin
BONK fell 9.32% to $0.000008805 over the past 24 hours, extending a steep decline that pushed the Solana-based memecoin to new cycle lows. The decline unfolded despite a notable milestone for the asset last week: Bitcoin Capital AG listed the first BONK exchange-traded product (ETP) on Switzerland’s SIX exchange on November 27. The breakdown began
BONK falls 9% as technical breakdown overshadows Swiss ETP debut Read More »
An overnight drop in the price of bitcoin combined with a hard-to-digest capital raising to send Strategy ( MSTR ) shares down 12.5% to their weakest level in nearly 15 months in US morning trading on Monday. And yet, despite no rejection in the price of bitcoin BTC$86,815.51 – which remained close to session lows
Michael Saylor’s Strategy (MSTR) manages big bounce after early Monday dip Read More »
