Bitcoin’s future in an artificial intelligence-driven world may depend less on code and more on central banks. In a new note, Greg Cipolaro, global head of research at financial services and infrastructure firm NYDIG, argued that artificial intelligence will affect bitcoin mainly through macroeconomic channels and its impact on the labor market. The key variables […]
Bitcoin BTC$67,963.04 ETF holders and corporate treasuries – the players everyone praises for their long-term vision – are stacking insurance against price crash below $60,000, cryptocurrency exchange Deribit told CoinDesk. “ETF holders and corporate treasuries are buying 6-month and 1-year puts at $60k or below ($60,000 put, a derivative contract offering protection against potential price […]
Bitcoin BTC$63,083.82, once hailed as an anti-establishment asset and antithesis to Wall Street, may now bend to sharp traders from those same floors. Trading in the leading cryptocurrency is steadily shifting toward CME Group, and the exchange’s move to 24/7 derivatives later this year could cement its role as the dominant venue for institutional crypto […]
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 […]
Bitcoin BTC$97,014.68 saw no bounce Friday, holding at session lows below $95,000 late in the U.S. day after a bruising week that dragged prices to their lowest since May. The largest cryptocurrency is again underperforming U.S. stocks, with major U.S. indices holding onto minor gains a few minutes prior to the end of trading. BTC […]
XRP extended its breakout sequence Tuesday, surging 6.2% to $2.40 as institutional flows accelerated across major exchanges. The token broke decisively above the $2.35 resistance level on 169% above-average volume, marking its strongest single-session gain in over a week and establishing new cycle highs near $2.43 before consolidating. News Background Canary Capital, Bitwise, Franklin Templeton, […]
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. Bitcoin hovered around $101,000 as the Friday trading day began in […]
Crypto markets were in rally mode on Thursday alongside sizable gains in stocks, a U.S. presidential pardon for Binance founder Changpeng Zhao, and ahead of tomorrow’s key reading on September inflation. In mid-afternoon U.S. trading, bitcoin BTC$109,538.70 was up 2.7% over the past 24 hours to $110,700, down a hair from the day’s high of […]
Marathon Digital Holdings (NASDAQ: MARA) appears to have taken advantage of Friday’s market turmoil to load up on bitcoin BTC$112,873.59, according to data curated by Arkham Intelligence. Marathon Digital Holdings, which holds about 52,850 BTC (worth roughly $6.06 billion), purchased an additional 400 BTC valued at about $45.9 million through FalconX early Monday, according to […]
By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin BTC$113,974.60 is up around 1.4% in the past 24 hours as investors await key inflation data in the U.S., which could shape expectations for a much-discussed interest-rate cut by the Federal Reserve. Before that hits though, the European Central Bank announces its own interest-rate decision. […]
Gemini, the crypto exchange run by Tyler and Cameron Winklevoss, has boosted the price range for its planned Friday IPO, the company said in an updated S1 filing on Tuesday. The firm now expects to sell 16.67 million shares between $24 and $26 each in the public offering versus the previous range of $17-$19. At […]
Bitcoin (BTC) has bounced from early Asian-session lows near $108,760 to over $110,000, but the prospects of sustained recovery appear bleak as on-chain activity points to weak network adoption. “The price momentum is weakening with the RSI close to the oversold zone and a bearish MACD,” said Timothy Misir, head of research, BRN. “The Spot CVD […]