Bitcoin’s rally to $120,000 this week has sparked a broader breakout across major crypto assets, with ether (ETH), Solana’s SOL, XRP, and dogecoin all posting high single-digit percentage gains. However, this time, price action isn’t just about momentum, as traders claim that market structure is evolving under the weight of institutional influence. “This isn’t a […]
Shiba Inu’s dollar-denominated price hit a one-month high, charting a bullish trend against Bitcoin. However, the outlook against its rival, dogecoin, doesn’t look as promising. SHIB has gained 5.2% in the past 24 hours, reaching a high of $0.00001255 on Coinbase, the level last seen on June 12. As of writing, the cryptocurrency teased a […]
The Trump crypto conference tour continues, with Eric Trump confirmed to speak at BTC Asia conference in Hong Kong in August. Hong Kong is pushing through a variety of pro-crypto legislation through its local assembly, known as LegCo. The city had its own stablecoin legislation before the U.S. passed the GENIUS Act. Trump, speaking earlier […]
One ultra-leveraged Hyperliquid trader has been liquidated five times over the weekend and has lost nearly $3.7 million in the past week with aggressive bitcoin BTC$108,788.37 and ether ETH$2,565.27 shorts, according to on-chain data. Gambler @qwatio was liquidated 5 more times, with a total of 387 $BTC($42.18) and 2,990 $ETH($7.65M) liquidated. His account went down […]
BlackRock’s iShares Bitcoin Trust (IBIT) is now generating more revenue than one of the asset manager’s most iconic products, the iShares Core S&P 500 ETF (IVV), according to Bloomberg data. Despite having just $52 billion in AUM — a fraction of IVV’s $624 billion in total assets — IBIT’s higher fee structure has turned it […]
Crypto exchange Coinbase (COIN) will start offering perpetual-style futures contracts in the U.S. on July 21, becoming one of the first regulated players to offer the globally popular product. The new vehicle, first available with bitcoin and ether , will trade on the Coinbase Derivatives Exchange, a CFTC-regulated venue. Unlike offshore perpetuals, which dominate global […]
Bitcoin’s double top prospects above $100,000 warrant caution, but a full-blown 2022-style crash looks unlikely unless an unexpected black swan hits, according to digital asset banking group Sygnum’s Head of Investment Research Katalin Tischhauser. “The crypto market is strongly sentiment-driven as fundamental valuations are challenging; therefore, technical analysis signals such as the double top warrant […]
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. As Asia begins the trading week, {{BTC}} is trading above $100,500 […]
Crypto markets pushed higher on Monday as traders have shifted focus from geopolitical anxieties to crypto-related institutional developments ahead of the upcoming Federal Open Market Committee’s meeting. Bitcoin has risen 3.1% in the last 24 hours and is now trading for $108,600, only a couple of thousand dollars below its all-time record. It certainly wasn’t […]
Bitcoin hovered around $105,100 on June 14, down 0.22% over the past 24 hours as traders digested geopolitical tension. Price action remained relatively tight, with BTC moving within a $2,090 range from $104,220 to $106,135. The largest moves occurred overnight in Asia trading, where Bitcoin briefly dipped below $104,200 before rebounding on high volume. Much […]
JPMorgan (JPM) raised its price targets for a number of bitcoin mining companies to reflect first-quarter results and changes to the bitcoin price and the network hashrate, the bank said in a report Friday. The bank lifted its CleanSpark (CLSK) price target to $14 from $12, its Riot Platforms (RIOT) objective to $14 from $13 […]
GameStop (GME), the embattled video game retailer turned meme stock, announced Wednesday a $1.75 billion convertible senior note offering. Proceeds will be used at least in part for “making investments in a manner consistent with GameStop’s Investment Policy,” per a company press release. Said investment policy is to add bitcoin as a treasury reserve asset, […]