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Bitcoin falls under $60K as investors' global economic slowdown concerns rise

[Aug 14 6:40 PM] Fear of a global economic recession continues to drive investors away from risk-on assets like Bitcoin.

Nearly $600M of Silk Road Bitcoin Hits Coinbase Prime, but Not Necessarily to Sell

[Aug 14 6:11 PM] Bitcoin's price remained flat around $59,000, while its swift decline from $61,000 earlier today happened before the transaction.

The Anatomy of a Meltdown (and Just BTFD)

[Aug 14 5:11 PM] GSR’s Brian Rudick discusses the recent market meltdown, how towering bull tenets and fading risks could propel Bitcoin to $1m, and why the recent dip is a gift, all combining to make cryptocurrency’s risk-reward its most compelling in years.

Bitcoin Price May Turn Lower as Crypto Exchanges See $1B USDT Withdrawal: IntoTheBlock

[Aug 14 4:44 PM] The previous two occasions when exchanges saw similar USDT outflows earlier this year occurred near local tops in bitcoin's price, IntoTheBlock analysts noted.

Low CPI print is fodder for Bitcoin to retest all-time highs — Grayscale research head

[Aug 14 4:38 PM] Bitcoin’s response to the CPI report was surprisingly muted.

State of Wisconsin Investment Board Increased BlackRock Bitcoin ETF Holdings: SEC Filing

[Aug 14 4:24 PM] The State of Wisconsin Investment Board (SWIB) has increased its investment in BlackRock's iShares Bitcoin Trust (IBIT), according to a new SEC filing today, as first reported on X by MacroScope. In an SEC filing today, the State of Wisconsin…

Hut 8 Upgraded to Buy, Risk Reward Is to the Upside: H.C. Wainwright

[Aug 14 2:28 PM] The broker upgraded the bitcoin miner's shares to buy from sell and raised its price target on the stock to $13.50 from $7.50.

U.S. CPI Rose 0.2% in July, Matching Expectations

[Aug 14 12:41 PM]

First Mover Americas: BTC Tops $61K, But Traders Remain Cautious

[Aug 14 12:16 PM] The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 14, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Pump.Fun's Removal of $2 Issuance Charge Pushes Daily Fees to All-Time Highs, But Users are Unhappy

[Aug 14 12:00 PM] The viral application allows anyone to issue a token on the Solana blockchain. It recently dropped a fee it charged for doing so, leading to thousands of “rugs” being created and attracting a spike in complaints.

Bitcoin Miner Capitulation and Record High Hashrate Point to Possible Price Bottom: CryptoQuant

[Aug 14 7:01 AM] Such expansion comes despite a recent drop in bitcoin (BTC) prices, indicating positive sentiment among miners after a bout of selling in the past few months.

Bitcoin Crosses $61K as Traders Remain Cautious Ahead of U.S. CPI, Further Unwinding of Yen Carry Trade

[Aug 14 6:22 AM] BTC beats the CoinDesk 20 during the Asia trading hours, while traders remain bullish on TON because of its GameFi integration.

Goldman Sachs Holds Over $400M in Bitcoin ETFs

[Aug 14 6:15 AM] Investment banker says it owns over $400 million in bitcoin ETFs, according to a recently filed 13F.

Stablecoin issuance could be key to the next Bitcoin rally — 10x Research

[Aug 14 5:57 AM] Tether and Circle issued more than $2.5 billion worth of stablecoins over the past week, and 10x Research believes continued momentum could spark a Bitcoin rally.

Solana to $1K seems unlikely, but network fundamentals forecast $190 SOL

[Aug 13 6:16 PM] Analysts forecast $300 to $1,000 SOL, but network data suggests that a rally to $190 is a more realistic expectation.

Over 1 Million Bitcoin Addresses Hold 1 BTC or More, Reflecting Strong Adoption

[Aug 13 4:09 PM] According to data from Bitcoin Magazine Pro, there are 1,012,650 Bitcoin addresses that contain 1 BTC or more.  This represents more than 1 million BTC potentially taken off the market and held by strong hands, a significant portion of the 21…

Hive Digital sales up 36% as Bitcoin miner forays into AI compute

[Aug 13 3:28 PM] Hive's new high-performance computing platform clocked around $2.6 million in sales in the second quarter of 2024.

Trump Election Win May be Bullish For Cryptocurrency Markets, Bernstein Says

[Aug 13 3:12 PM] Market sentiment suggests that a Trump election victory is bullish for crypto and a Harris win would be bearish, the report said.

Crypto Wallet Holding $2B Mt. Gox Bitcoin Sends Test Transaction as Distribution Continues: Arkham

[Aug 13 2:27 PM] Some users in the Mt. Gox creditors channel on Reddit reported receiving funds on their BitGo accounts.

Grayscale launches investment fund for MakerDAO token

[Aug 13 1:49 PM] Grayscale also launched funds for protocols Bittensor and Sui in August.

First Mover Americas: BTC Muted After Crypto Goes Unmentioned in Musk-Trump Interview

[Aug 13 12:06 PM] The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 13, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin More Likely to Fall by $5K Than Rise by Same Amount: Analyst

[Aug 13 11:42 AM] The BTC market shows signs of seller dominance, FxPro's analyst said.

Hamster Kombat Says It Skipped VC Fund Offers, Bashes 'Exit Liquidity' Behavior

[Aug 13 10:41 AM] The wildly popular Telegram game has apparently amassed millions of users since its April release.

Bitcoin's Prospects Strengthen as Key Stablecoin Metric Slides to Lowest Level in 18 Months

[Aug 13 8:50 AM] The dwindling metric points to declining selling pressure in the bitcoin market.

Ether Beats CD20 as ETH ETFs Post Positive Inflows, DEX Tokens Rise

[Aug 13 6:47 AM] Many of the largest decentralized exchanges (DEX) tokens posted gains on Tuesday.

Price analysis 8/12: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA

[Aug 12 8:58 PM] The S&P 500 Index is extending its recovery, boosting buying in Bitcoin and select altcoins in the near term.

Bitdeer clocks 50% gross profit jump amid Bitcoin mining ramp up

[Aug 12 8:02 PM] The Bitcoin miner reported a net loss of $17.7 million in the second quarter of 2024 despite hashrate growth.

Chance of Bitcoin price drop to $52K rises as derivatives show traders losing hope

[Aug 12 6:40 PM] Worsening US macroeconomic data and some slight changes in the Bitcoin options market could be signs that BTC’s price weakness is set to intensify.

Ether ICO Whale Moves 5K ETH to Exchanges, Bringing Monthly Total to $154M

[Aug 12 2:57 PM] The whale has deposited 48,500 ETH, worth over $154 million, to OKX at an average price of $3,176 in the past 35 days.

First Mover Americas: BTC Slides Ahead of Busy Data Week

[Aug 12 12:03 PM] The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 12 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.