U.S. Elections-Linked Bitcoin Options Draw Nearly $350M in Open Interest
[Aug 20 6:26 AM]
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Bitcoin Holders Now Doing Loss-Taking: Sign That A Turnaround Is Near?
[Aug 20 3:30 AM] On-chain data shows that Bitcoin investors have ended their net profit-taking spree recently, a potential sign that a price reversal could occur soon. Bitcoin Daily Realized Profit Loss Ratio Has Dipped Below 1 Recently As explained by CryptoQuant…
Over 80% of Short-Term Bitcoin Holders Underwater — What This Means For BTC
[Aug 20 2:30 AM] Bitcoin (BTC) is currently in red regarding price performance, dragging the rest of the crypto market along with it. Amid the continuous bearish price action, the latest data has revealed that Bitcoin short-term holders now face losses compared to…
Kamala Harris’s Alleged ‘Crypto Reset’ Absent in Democratic Agenda
[Aug 20 1:30 AM] While the Republican platform addresses the issue of cryptocurrency and bitcoin, the Democratic Party’s latest platform remained silent on the matter. Adding to the buzz, there are whispers that Kamala Harris’s campaign might be eyeing Gary…
Bitcoin’s range-bound price action could kickstart BNB, TON, AAVE and HNT
[Aug 19 10:30 PM] Bitcoin’s price consolidation could convince traders that it's time to play with altcoins. BNB, TON, AAVE and HNT are the ones on Cointelegraph's radar.
Analyst Forecasts Bitcoin Bull Run Top With Historically Proven Indicator
[Aug 19 9:30 PM] In a video update on YouTube, crypto analyst Rekt Capital delved into the dynamics of Bitcoin’s price movements through the lens of the PI Cycle Top Indicator, a predictive tool that has garnered attention for its historical accuracy in…
Bitwise Expands European Presence Through Acquisition of ETC Group
[Aug 19 7:30 PM] Bitwise Asset Management has taken a bold step into the European market by acquiring ETC Group, a London-based provider of cryptocurrency exchange-traded products (ETPs). This strategic move increases Bitwise’s assets under management to…
US Bitcoin ETFs on the Verge of Controlling 1 Million BTC
[Aug 19 6:30 PM] According to the latest data collected on Aug. 16, 2024, the 12 spot bitcoin exchange-traded funds (ETFs) collectively hold around 910,153.83 BTC, which translates to over $53 billion at the current exchange rates. Leading the pack is…
Price analysis 8/19: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA
[Aug 19 6:30 PM] The S&P 500 Index is nearing its all-time high, but Bitcoin is struggling to rise above $60,000, pointing to further underperformance in the near term.
QCP Capital Analyzes Market Sentiment Ahead of Fed Chair’s Speech at Jackson Hole
Bitcoin Price Action Watch: 3 Pivotal Zones That Could Sway BTC’s Next Move
[Aug 19 5:28 PM] As the Bitcoin price consolidates below the $60,000 threshold, the market has been characterized by a mix of indicators and technical levels, leading to a divided forecast and heightened uncertainty. Mixed Signals Cloud Bitcoin Price Trajectory…
Democrats Exclude Bitcoin And Crypto From 2024 Platform, Aligning With Past Hostility
[Aug 19 4:28 PM] The Democratic Party's official 2024 platform was released today on day one of the Democratic National Convention (DNC), without any mention of Bitcoin or cryptocurrency. This decision aligns with the past four years of the Biden-Harris…
Ethereum Fees Plummet—Etherscan Adds Decimals to Keep Up With Gas Drop
[Aug 19 4:20 PM] Over the past few months, both Bitcoin and Ethereum users have noticed a noticeable drop in transaction fees. Ethereum’s network transfer fees, in particular, have fallen to such low levels that Etherscan, a leading Ethereum block explorer…
Bitcoin Staking Platform Babylon to Start Phased Mainnet Launch This Week
[Aug 19 4:00 PM] Allnodes, Figment and Galaxy Digital are among the finality providers.
Crypto’s Weekly Winners and Losers: RARE Soars, MOG Slumps
[Aug 19 3:20 PM] On Monday, the crypto economy held steady at $2.06 trillion, though it dipped by 2.26% in value over the last 24 hours. Bitcoin experienced a 2.5% drop this past week, while ETH saw a decline of more than 4% during the same period. Despite the…
First Mover Americas: XRP Outperforms as Digital Assets Start Week in the Red
[Aug 19 12:18 PM] The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 19, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Technical Analysis: BTC Faces Continued Downward Pressure
[Aug 19 12:04 PM] As of August 19, 2024, bitcoin is trading at $58,061, with a 24-hour intraday range between $57,918 and $60,191. The crypto asset saw a trading volume of $20.7 billion and maintains a market capitalization of $1.14 trillion. Multiple timeframes…
Attention Bitcoin Traders, the Japanese Yen Is Strengthening Again
[Aug 19 8:59 AM] A similar yen outperformance early this month, triggered carry unwind and rocked risk assets, including cryptocurrencies.
A return to $50K? 5 Things to know in Bitcoin this week
[Aug 19 8:50 AM] BTC price performance is getting Bitcoin traders ready for a retest of lower support levels in the short term.
South Korean crypto exchange employees out-earn staff at major banks
[Aug 19 8:12 AM] Dunamu’s consolidated sales in the first quarter of 2024 reached $400 million, showing a 60.5% increase.
TON Leads Crypto Majors as BTC, ETH Remain Flat
[Aug 19 7:49 AM] GameFi heavy TON outperformed the CoinDesk 20 during the Monday trading day in Asia.
Bitcoin Price Trims Gains: Is The Recovery Losing Steam?
[Aug 19 6:34 AM] Bitcoin price started a fresh decline from the $60,000 resistance zone. BTC is now moving lower and might test the $57,650 support zone. Bitcoin started a fresh decline from the $60,000 resistance zone. The price is trading below $58,800 and the…
75% of all Bitcoin has been hodled for over 6 months
[Aug 19 3:26 AM] Despite Bitcoin dropping 21% from its all-time high, the majority of Bitcoin held in wallets hasn't been sold or moved for the last six months.
Bitcoin bulls should steer clear of MicroStrategy's new leveraged ETF
[Aug 18 6:07 PM] Leveraged ETFs chronically underperform comparable investments. There are better ways to place bullish bets on Bitcoin than MicroStrategy's new ETF.
AAVE Soars 18% Amidst Adverse Market Conditions – Details
[Aug 18 3:00 PM] With the general sentiment in the market cooling down, AAVE scores a win as it maintains high profitability even as the market dips slightly. According to CoinGecko, the token is up over 18% since last week, a sign that AAVE is continuing the…
Bitcoin metrics line up bull signals with $60.6K BTC price level to beat
[Aug 18 2:35 PM] Bitcoin is giving hints that an upward BTC price phase is about to begin, as measured by two popular trading tools.
Hashrate Climbs 25 EH/s in 8 Days as Bitcoin Miners Adjust to Network Difficulty Reduction
Indian Authority Arrests Man in Crypto Extortion Case
[Aug 18 2:30 AM] A Gujarat-based man, Shailesh Babulal Bhatt, was arrested under the anti-money laundering law in connection with kidnapping and extortion cases, including a significant cryptocurrency-related crime exceeding Rs 1,200 crore ($144 million), according…
Robert Kiyosaki Advises Preparing for Crash Landing — Says ‘Time to Save Yourself’
[Aug 17 11:30 PM] Rich Dad Poor Dad author Robert Kiyosaki has explained why he is preparing for a crash landing. He criticized U.S. leadership, including Vice President Kamala Harris, Treasury Secretary Janet Yellen, and Fed Chairman Jerome Powell, calling them…
Gold’s Bull Run Inspires Bitcoin Forecasts: Insights From Fred Krueger and Jack Mallers
[Aug 17 5:30 PM] Gold has been on an impressive streak in recent times, hinting at underlying economic worries, according to bitcoin proponent Fred Krueger’s latest analysis. He speculates that bitcoin might soon follow a similar trajectory, fueled by…