With bitcoin BTC$112,156.69 stuck just above $110,000 and ether (ETH) consolidating after hitting fresh records, Solana SOL$209.96 has emerged as a standout performer in the crypto market recently. The token traded around $211 on Monday, up 33% from early August lows, making it one of the best performers in the CoinDesk 20 Index in the […]
Crypto analyst and macroeconomist Alex Krüger thinks the market looks ugly enough to turn bullish. On Saturday, Krüger wrote on X, that “most crypto charts now look so broken and bearish that it’s bullish.” He argued that when price action looks this bad, the panic has usually gone far enough that a reversal may not […]
River says companies are taking in far more bitcoin each day than miners create. The U.S.-based bitcoin financial services firm, which runs brokerage and mining operations and publishes research, released a Sankey-style flow infographic dated Aug. 25 in a post on X. In this layout, outflows are shown on the left, inflows on the right, […]
Hopes for a quick reversal from the weekend crypto plunge faltered on Monday with bitcoin BTC$109,641.00 slipping all the way back below $110,000, just barely ahead of its then-euphoric price of $109,400 touched ahead of President Trump’s Jan. 20 inauguration. The largest crypto’s recovery attempt was quickly rejected at $113,000 during the U.S. session, and […]
In 2018, Kenneth S Rogoff, professor of economics at Harvard University and a former chief economist at the International Monetary Fund, predicted bitcoin was more likely to be worth $100 than $100,000 in a decade. In reality, bitcoin’s price rose above $100,000 this year, a 10-fold increase from March 2018’s sub-$10,000 level when Rogoff predicted […]
Tokyo-listed Metaplanet Inc (3350) has acquired an additional 775 bitcoin for 13.73 billion yen (about $94 million), according to its most recent filing. The purchase, made at an average price of 17.72 million yen ($120,500) per bitcoin, lifts the company’s total holdings to 18,888 BTC, worth roughly 284.1 billion yen ($1.95 billion). This purchase keeps […]
Digital asset treasury (DAT) firms, seen as high-beta plays on crypto prices, sold off sharply on Friday as the August crypto rally showed signs of exhaustion. Strategy (MSTR) fell another 3% on Friday, extending its decline to 20% since July’s high and 33% from the November 2024 all-time high. The MSTR/IBIT ratio dropped to 5.43, […]
Bitcoin surged past $124,000, setting its fourth all-time high of 2025. On-chain data from Glassnode suggests this could mark the early stages of a continued bull market. A key metric underpinning this view is the realized price, which measures the total value of all bitcoins at the price they were last moved on-chain, divided by […]
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. The bitcoin rally has stalled, raising the possibility of a potentially bearish technical formation: a double top. A close examination of the daily chart reveals that bulls failed to sustain a rally above the key Fibonacci level of $122,056 on Monday, […]
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 […]