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First Mover Americas: Will BTC React to Powell’s Jackson Hole Speech?

[Aug 23 12:01 PM] The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 23, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin Mining Opportunity Is Worth About $74B, JPMorgan Says

[Aug 23 11:45 AM] The Wall Street bank updated its models and price targets for the miners to account for second quarter results and changes in the price of bitcoin and the network hashrate.

DeFi Summer Is Making a Comeback, Steno Research Says

[Aug 23 9:06 AM] Total value locked across the crypto ecosystem is expected to reach an all-time high in the first half of next year, the report said.

Bitcoin Tops $61K Before Powell's Jackson Hole Speech as Ether ETFs Face Record Outflows

[Aug 23 8:43 AM] Comments at the Jackson Hole symposium later Friday may give clues about the Federal Reserve monetary policies, will boost or undermine prices of risk assets, including bitcoin.

Bitcoin is holding $60K — Here’s why it’s important

[Aug 22 9:30 PM] Resilient US job and inflation data and steady spot Bitcoin ETF inflows aided Bitcoin’s rally above $60,000.

Fed Chair Jerome Powell Expected to Set Stage for September Rate Cut

[Aug 22 1:34 PM] Bitcoin remains nearly 20% below its all-time high, while U.S. stocks and gold are at or within close shouting distance of record levels.

Memecoin Frenzy Reaches Tron as Justin Sun-Backed SunPump Rakes in Big Bucks

[Aug 22 1:07 PM] The memecoin generator launched in mid-August and has crossed $1 million in revenues in its first nine days - a large amount considering Tron’s low fees.

Bitcoin’s Role as Collateral in Real Estate Development Financing

[Aug 22 1:00 PM] Enhancing Creditworthiness with Bitcoin in a Debt-Intensive EconomySince US President Richard Nixon announced in 1971 that the US dollar would no longer be convertible into gold at a fixed rate, central banks around the world have started operating…

First Mover Americas: Bitcoin Advances Following Reports of RFK Jr. Withdrawal

[Aug 22 12:01 PM] The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 22, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Crypto OTC Desks Now Hold Over $22B in Bitcoin: CryptoQuant

[Aug 22 11:41 AM] Miners often turn to OTC deals to sell bitcoin, CryptoQuant noted.

Bitcoin Flipflops; MATIC, LINK Surge as Dim Market Action Continues

[Aug 22 8:11 AM] Polygon and Chainlink’s tokens surged as much as 10% on fundamental developments.

Bitcoin's Uptrend Threatened by Looming 'Stochastics' Signal: Fairlead Strategies

[Aug 22 5:47 AM] The pending signal, if confirmed, would imply a challenging time ahead, according to analysis by Fairlead Strategies.

Bitcoin price hits $61K, but investors still prefer stocks and bonds right now

[Aug 21 10:00 PM] Investors balance risk as Bitcoin futures dip, reflecting uncertainty before the Federal Reserve's September meeting.

RFK Jr. Reportedly Dropping Out of Presidential Race, Mulling Trump Endorsement; Bitcoin Jumps Past $61K

[Aug 21 7:29 PM] The independent candidate has scheduled a national address for Friday.

Price analysis 8/21: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

[Aug 21 6:30 PM] The spot Bitcoin ETFs have continued to attract inflows, suggesting that the long-term bullish view remains intact.

Bitcoin Gets Brief Boost After U.S. Employment Growth Revised Lower

[Aug 21 3:00 PM] Job growth for the 12-months ending in March 2024 was 818,000 lower than previously reported, according to a government report.

BlackRock’s ETHA Becomes First Ethereum ETF to Cross $1B in Net Inflows

[Aug 21 12:58 PM] ETHA holds over $860 million in net assets. Only Grayscale’s mini ether trust (ETH) and Ethereum trust (ETHE) have more. Its net inflows are more than the next three highest ETF inflows combined.

Cipher's Bitcoin Mining Business Remains Compelling, Canaccord Says

[Aug 21 12:31 PM] The mining business is a standout in the sector in terms of exahash growth, operating performance and low power costs, the report said.

First Mover Americas: Bitcoin Holds Below $60K Before U.S. Jobs Data Revision

[Aug 21 12:06 PM] The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 21, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin Metrics Signal Weak Demand as BTC ETF Hype Slows: CryptoQuant

[Aug 21 10:17 AM] Apparent demand has slowed considerably since early April and even dipped into negative territory this month, the firm noted.

Institutions Are Still Buying Bitcoin ETFs, Bitwise Says

[Aug 21 8:35 AM] The number of institutional investors holding bitcoin ETFs rose 14% in the second quarter of the year to 1,100, the report said.

Bitcoin Bear Trap? Goldman Says Wednesday's U.S. Jobs Report Is Likely to Overstate Weakness

[Aug 21 8:14 AM] On Wednesday, the Bureau of Labor statistics will publish a preliminary estimate of the benchmark revision to the level of monthly nonfarm payrolls (jobs report) from April 2023 to March 2024.

Trump Tops Harris on Polymarket; Tron, Cardano in the Green as Bitcoin Sinks

[Aug 21 7:54 AM] Traders said that bitcoin would need to break above the $61,000 level and stay above it if sentiment were to change among market participants. PLUS: Trump retakes lead over Harris and Tron’s TRX surges on Sunpump.meme’s growth.

Mt. Gox Moves $700M in Bitcoin, BTC Unmoved at $59K

[Aug 21 5:40 AM] According to Galaxy's Alex Thorn expects only 1,265 BTC, woth over $70 million, may be offloaded in the market.

Solana price hits a wall at $150 as several headwinds intensify

[Aug 20 8:40 PM] SOL price struggles to gain upward traction as DApp volumes plunge, spot ETF odds dwindle, and memecoins fail to rally.

First Mover Americas: Bitcoin Returns to $61K, Outperforms Broader Crypto Market

[Aug 20 12:01 PM] The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 20, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

U.S. Leading Economic Indicators Continue to Fall, No Longer Signal Recession

[Aug 20 10:36 AM] The U.S. recession fears were partly responsible for the early August slide in stocks and cryptocurrencies.

U.S.-Listed Bitcoin Miners Have the Upper Hand Over Unlisted Peers: Bernstein

[Aug 20 10:19 AM] The ability to raise debt or equity in the world's deepest capital markets is a major advantage, the report said.

Floki Scores Major Deals With English Premier League Teams

[Aug 20 8:48 AM] Ecosystem tokens and its flagship Valhalla game will be widely featured on stadium screens and as uniform sponsors, boosting the project's visibility as part of an initial one-year contract.

Bitcoin Pops Over $61K, XRP Leads Gains Among Majors

[Aug 20 7:09 AM] Some traders expect market movements nearer to Friday when Federal Reserve chair Jerome Powell is scheduled to speak at the Jackson Hole symposium.