Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Gold’s breakout above $5,000 is beginning to look less like a spike […]
Bitcoin BTC$93,712.91 rose to its highest level since mid-November, gaining more than 3% to $94,400 during Monday’s trading session, the largest percentage advance in more than a month. The rally, which brought the asset closer to $95,000 — seen by some analysts as a key level to gain further momentum — was led, though, by […]
The U.S. carried out a “large scale” strike against Venezuela and its President Nicolas Maduro, Donald Trump announced early Saturday morning. Maduro and his wife, Trump continued, were captured and flown out of the country. U.S. Attorney General Pam Bondi later announced that Maduro and his wife, Cilia Flores, had each been indicted in the […]
Strategy (MSTR), the largest publicly traded holder of bitcoin BTC$87,270.51, resumed purchases after boosting its US dollar reserves to $2.2 billion the prior week. The company acquired 1,229 bitcoin last week for $108.8 million, at an average price of $88,568 per coin, according to a filing released Monday morning. Total holdings increased to 672,497 BTC, […]
In what’s become all too familiar action at the start of the U.S. trading day, the crypto sector quickly more than gave up even the tiniest hint of an overnight rally. Nudging above $89,000 at one point as the U.S. slept on Friday, bitcoin BTC$87,365.93 quickly tumbled back below $87,000 as American stocks opened for […]
Bitcoin BTC$88,509.39 and other crypto assets again fell steadily through the U.S. session on Monday, with BTC sliding below $88,000 after earlier having climbed above $90,000 and ETH ducking back below $3,000. Some crypto-related stocks are still holding gains, led by Hut 8 (HUT), which continues to rise following its deal last week for a […]
Gold surged to record, bringing cheer to digital tokens backed by the metal traditionally seen as a haven investment. XAUT$4,417.98, the largest gold-backed token by market value, rose to an all-time high of $4,425 while PAXG (PAXG) and kineses gold (KAU) also rose, lifting the total market value of gold-backed tokens to $4.38 billion. “The […]
U.S. spot bitcoin exchange-traded funds (ETFs) posted their largest one-day inflows since Nov. 11 on Wednesday, coinciding with a volatile crypto market during which bitcoin BTC$87,214.89 rallied to nearly $90,000 before reversing and falling below $86,000. In total, the funds recorded net inflows of $457.3 million, most of which — $391.5 million — went into […]
For the first time in five years, the Russell 2000 Index (IWM) is hitting record highs while bitcoin BTC$92,578.55, which usually tops in tandem, is out of sync and remains 27% below October’s record. History suggests the largest cryptocurrency and cryptocurrencies more broadly are likely to catch up. The Russell 2000, a gauge of U.S. […]
Risk assets are under pressure Thursday despite the Fed’s rate cut, with Oracle’s earnings miss piling on alongside the central bank’s hawkish guidance. Bitcoin BTC$90,222.18, the leading cryptocurrency by market value, is trading near $90,000, representing a 2.8% drop over 24 hours, according to CoinDesk data. Futures tied to Wall Street’s tech heavy index, Nasdaq, […]
SGX’s bitcoin BTC$90,301.29 and ether ETH$3,113.55 perpetual futures have become increasingly popular since their debut two weeks ago, and that growth represents new liquidity rather than cash redirected from elsewhere, said Michael Syn, president of the SGX Group. The products, cryptocurrency derivatives that allow institutional traders to speculate on the price of an asset without […]
The Commodity Futures Trading Commission (CFTC) on Monday launched a pilot program allowing select digital assets — bitcoin BTC$90,938.56, ether ETH$3,134.24 and USD Coin (USDC) or other payment stablecoins — to be used as collateral in U.S. derivatives markets. The program, announced by Acting Chairman Caroline Pham, is part of a broader push to give […]