new video loaded: What the jobs report tells us about the economy What does the September jobs report, delayed by six weeks due to the government shutdown, say about the economy? Lydia DePillis, our economics reporter, describes how the better-than-expected report comes at a moment of deep uncertainty. By Lydia DePillis, Claire Hogan, Stephanie Swart, […]
What the jobs report tells us about the economy Read More »
Bitcoin BTC$84,267.45 staged a modest recovery in the morning hours in the US on Friday after a 10% sell-off overnight, as the likelihood of a Federal Reserve rate cut in December rose sharply following dovish remarks from New York Fed President John Williams. “I still see room for a further near-term adjustment to the target
FRBNY President John Williams Sees ‘Room for Further Adjustment’ Read More »
Bitcoin is showing one of the deepest momentum breaks of the cycle, with several onchain indicators now printing signals last seen during the industry’s most violent washouts. Data from Glassnode shows that realized losses have increased to levels comparable to the capitulation in November 2022 around the FTX collapse. The rally is being driven almost
BTC may fall to $80,000 but is at levels prior to extremes of the FTX era 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 2667.21, down 4.0% (-111.91) since 4 PM ET Thursday. All 20 assets are trading higher. Leaders: BCH (-2.3%) and BTC (-3.3%). Lagging behind: APT (-8.8%) and NEAR (-7.8%). The
Bitcoin (BTC) price drops 3.3% as index falls Read More »
Bitcoin BTC$84,532.41 has fallen sharply, falling over 25% to $83,700 this month, and data suggests some traders are bracing for a further drop. According to blockchain research firm Glassnode, traders have been heavily buying short-term BTC put options at the $75,000 strike price on Deribit since bitcoin’s spot price fell below $94,000 earlier this week.
Traders prepare for a crash to $75K Read More »
As Strategy’s ( MSTR ) share price continues to fall, executive chairman Michael Saylor has felt compelled to address growing investor concern for the second time in two weeks. Last Friday, Saylor dismissed rumors that the company was selling bitcoin, saying there was “no truth to the rumor.” Meanwhile, on Thursday, market nerves were hit
MSTR Executive Chairman Speaks Out Again as MSCI Concerns Mount Read More »
ICP$4.3834 extended its decline over the past 24 hours, trading near $4.369 after a sharp break below long-term support at $4.33. The drop followed one of the steepest intraday declines in recent sessions, with the price moving from $4.97 to $4.30 in a rapid, technically driven cascade, according to CoinDesk Research’s technical analysis data model.
ICP extends slide as heavy volume confirms breakdown under support Read More »
Grayscale’s two new crypto exchange-traded funds (ETFs) go live on NYSE Arca on Monday, giving US investors simplified access to DOGE$0.1408 and XRP for the first time through regulated public markets. The Grayscale Dogecoin Trust ETF (GDOG) and the Grayscale XRP Trust ETF (GXRP) are each structured as spot ETPs that hold their respective underlying
Grayscale’s DOGE, XRP ETFs go live on the NYSE on Monday Read More »
BitMine Immersion (BMNR), the largest Ethereum-focused digital asset treasury (DAT) firm and led by Wall Street veteran Thomas Lee, is sitting on steep unrealized losses on its big bet on ether ETH$2,749.31. The firm on Friday reported $328 million in net income for its fiscal year ended Aug. 31, while fully diluted earnings per share
Tom Lee’s BMNR is sitting on heavy losses Read More »
Earlier this year, at Hong Kong’s Bitcoin Asia, there was a growing sense of frustration with Digital Asset Treasury (DAT) companies and their lagging performance relative to the assets they fill their coffers with. “Just buy an ETF,” is how Strive Asset Management CEO Matt Cole put it on stage during a panel at the
