Bitcoin is holding around $122,000 in Wednesday’s Asian hours after setting a record high at $126,200 earlier this week, with some market watchers still expecting a surge to a record $140,000 later this month. Economist Timothy Peterson said in an X post Tuesday that bitcoin has a 50% probability of rising to $140,000, citing simulations […]
Bitcoin’s (BTC) slide into September comes with an uncomfortable reminder for traders that history is not on their side. The largest token by market capitalization has declined in nine of the last 14 September months, with an average monthly loss of around 12%. This seasonality looms large again in 2025. Bitcoin opened the week near […]
Crypto-related stocks tumbled on Tuesday in a broad-market crypto slide that brought bitcoin down to $113,000. Strategy (MSTR), the largest corporate owner of BTC, closed the session 7.8% down at $336, at its weakest price since April 22. Ethereum treasury firms SharpLink Gaming (SBET) and BitMine (BMNR) lost 8%-9%, while Solana-focused accumulators DeFi Development (DFDV) […]
The years-long legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) appears to have finally come to an end, after Ripple Labs CEO Brad Garlinghouse announced Friday that the company plans to drop its cross-appeal in the case. “Ripple is dropping our cross appeal, and the SEC is expected to drop their […]
Midnight Network, a privacy-focused blockchain leveraging zero-knowledge smart contracts, published its tokenomics paper and unveiled its ‘Glacier Drop’ airdrop mechanism in advance of claims for the native NIGHT token starting next month. The project said Glacier Drop is a novel process that allocates all NIGHT tokens to users across eight major blockchain ecosystems and rolls […]
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 its trading day, bitcoin is trading above $104,500 […]
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets. All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data […]
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, […]
Bitcoin’s (BTC) recent stability amid Nasdaq turmoil driven by tariffs has generated excitement among market participants regarding the cryptocurrency’s potential as a haven asset. Still, the bulls might want to keep an eye on the bond market, where dynamics that characterized the COVID crash of March 2020 may be emerging. Nasdaq, Wall Street’s tech-heavy index […]