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The hidden reason bitcoin didn’t rally when gold and silver went berserk

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Bitcoins BTC$75,914.07 Price action looked strangely sluggish early last month, even as traditional assets such as precious metals and stocks pushed to new highs. The world’s largest cryptocurrency repeatedly failed to clear the $90,000 level — a stall that, in hindsight, foreshadowed the recent sharp selloff to $75,000. At the time, traders blamed everything from […]

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Bitcoin rebounds above $75,000 after brief slide as thin liquidity keeps traders on edge

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Bitcoin BTC$78,358.92 traded back above $76,000 after a brief break in support where it tested $74,000, highlighting the fragile balance between dip buyers and forced sellers in a market that still lacks “depth.” (CoinDesk) The rapid V-shaped move stemmed from order book dynamics where liquidity has dried up, allowing buy/sell trades to have an overall

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Bitcoin Holds Below $80,000 as January Prediction Contracts Miss Liquidation-Driven Slide: Asia Morning Briefing

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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. Bitcoin’s recent slide revealed a familiar pattern in crypto markets:

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Hong Kong is positioning itself as crypto’s global nexus, says lawmaker Johnny Ng

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Johnny Ng is not interested in zero-sum cryptopolitics. While regulators in Washington, Beijing and elsewhere in Asia are charting their own paths for digital assets, the Hong Kong legislature is focused on something else entirely: building connective tissue between markets, technologies and jurisdictions that rarely move in sync. Ng, who represents the technology sector in

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Bitcoin’s ‘hopium’ for bulls is over, and this weekend’s slide may just be the beginning

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Bitcoin’s price fell sharply over the weekend, falling below $78,000 – its lowest level since April – as profit-taking collided with thinner liquidity and a lack of fresh buyers. Traders told CoinDesk that a rally once supported by corporate demand, particularly from Strategy’s ( MSTR ) bitcoin purchases, has run out of steam, leaving markets

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Elizabeth Warren sounds alarm over Trump’s ‘spy sheikh’ crypto deal

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Senator Elizabeth Warren is calling for congressional hearings after new reporting revealed that the United Arab Emirates’ top intelligence service secretly took a nearly 50% stake in a Trump-era crypto firm. According to a Wall Street Journal investigation, an entity backed by Sheikh Tahnoon bin Zayed Al Nahyan — the United Arab Emirates’ national security

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Progress Tips: Crypto Mode

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Despite the rocky start cryptopolitics got off to this year, it currently appears that US policymakers are making progress on the legislative and regulatory fronts. The White House is starting new discussions about stablecoin dividends with representatives of the banking and crypto industries. You’re reading State of Crypto, a CoinDesk newsletter that looks at the

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