Bitcoin reversed some of the post-Fed losses early Thursday after the meeting between President Donald Trump and his Chinese counterpart Xi Jinping produced favorable results. In a speech aboard Air Force One, the US president was also reported to have said it was a one-year deal that would be extended. Trump also said that the […]
Recovers $110,000 as Trump scraps metals deal, cuts China tariffs Read More »
Bitcoin BTC$111,427.95 has risen above $110,000, led by renewed optimism about US-China trade relations. The rejection means BTC is now trading at levels where market makers could add to the price turbulence ahead of Friday’s expiration of multi-billion dollar options. Data from the Deribit-listed options market, tracked by Amberdata and Deribit Metrics, shows that $13
Bitcoin fell to nearly $108,000 on Wednesday before zooming above $110,000 on Thursday after a volatile session that saw nearly $817 million in leveraged futures liquidations, with long traders taking the brunt of the losses. The withdrawal came just hours after the Federal Reserve delivered a widely expected 25 basis point rate cut, only for
Traders Embrace $800m in Liquidations as Fed Caution Sparks ‘Sell-the-News’ Read More »
Bitcoin saw significant volatility, falling to nearly $108,000 before rising above $110,000, with $817 million in leveraged futures liquidations. The Federal Reserve’s 25 basis point interest rate cut was followed by cautious remarks from Chairman Jerome Powell, which weighed on market optimism. Analysts suggest that while short-term volatility continues, macroeconomic conditions could support Bitcoin’s rise
Ripple in risk of deeper pullback as Fed cuts cause Bitcoin slide Read More »
TeraWulf ( WULF ) plans to raise up to $575 million through a private sale of convertible senior notes as it continues to shift its focus from bitcoin mining to powering artificial intelligence infrastructure. The company announced Wednesday that it plans to sell $500 million in convertible senior notes due 2032, with an option for
WULF raises $500 million. via convertible debt Read More »
Western Union ( WU ) shares rose 6.5% on Tuesday after the company announced plans to introduce the US Dollar Payment Token (USDPT) on Solana, issued by Anchorage Digital Bank, along with a crypto off-ramp network called the Digital Asset Network. The move underscores that stablecoins are an opportunity, not a threat, for remittances that
BONK-USD extended its slide on Tuesday, falling 3.4% to $0.0000143 as the Solana-based meme token succumbed to renewed downward pressure across the broader ecosystem. The drop marked a decisive break below the $0.0000146 support, a key level that had held for most of the past week, confirming a short-term bearish structure, according to CoinDesk Research’s
BONK price falls 3.4% with support under pressure amid Solana market weakness Read More »
Cardano’s native token, ADA, fell sharply on Wednesday, falling over 3% to 64 cents as it broke through a critical support level and confirmed a shift in market sentiment, CoinDesk Analytics data found. The collapse began on Tuesday, with trading volume rising 67% above its 24-hour average. Nearly 183 million tokens changed hands as ADA
Cardano (ADA) falls below key support as institutional investors pull back Read More »
BNB’s price fell 2.7% in the last 24-hour period to $1,105 following the rally that started after BNB Chain’s biggest quarterly token burn to date in US dollar terms petered out. The decline undercuts hopes that the $1.6 billion reduction in supply will further support the price. BNB Chain burned 1.44 million BNB as part
BNB falls 2.7% as traders focus on technicals during the crypto market downgrade 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 Daybook Americas. The Korean won and the Taiwanese dollar cannot really leave
What is the real use of a Yen Stablecoin? An On-Chain Carry Trade Read More »
