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First Mover Americas: Bitcoin Slumps Below $54K as Mt. Gox Flags Repayments
5.7.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for July 5, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Bitcoin Technical Analysis: First Drawdown of Over 25% in 14 Months
5.7.2024
Bitcoin’s market activity on July 5, 2024, has been marked by a persistent downtrend across various time frames, with the price currently at $55,338. Over the past 24 hours, Bitcoin’s price has ranged between $53,550 and $58,673, with a market capitalization of $1.08 trillion and...
Bitcoin Traders Target $50K as Billions in BTC Selling Pressure Looms
5.7.2024
“The German government still has over $2.3 billion worth of bitcoin, Mt. Gox has more than $8 billion, and the US government has over $12 billion,” one trader pointed out
U.S. Crypto Stocks Sink in Pre-Market Trading as BTC Slumps
5.7.2024
Software company MicroStrategy, which holds over 210,000 BTC, and bitcoin miner Hut 8 led declines as bitcoin dropped to the lowest level since late February
U.S. Nonfarm Payrolls Eyed as Bitcoin Heads for Largest Weekly Loss Since FTX's Collapse
5.7.2024
The jobs data, due later Friday, is forecast to show that the pace of job additions in the world's largest economy slowed sharply in June
As Bitcoin Bellyflops to $54K Only Five Mining Rigs Remain Profitable, Says F2Pool
5.7.2024
Miners need to continually sell bitcoin rewards to keep operations afloat, and they are stressed during a market downturn
Crypto Bulls Rack up $580M Liquidations as Bitcoin Drops 8%, Ether, Solana, Dogecoin Plunge
5.7.2024
Traders previously warned of the bearish market reaction to Mt. Gox’s bitcoin repayments
Biden’s reelection odds brush single digits on Polymarket
5.7.2024
Former U.S. President Donald Trump is still in the lead at odds at 61%, while U.S. Vice President and Democrat Kamala Harris is second with 19% odds
Bitcoin Dips Below $54K as Mt. Gox Moves $2.6B in BTC
5.7.2024
BTC slides to lowest since late February, breaching key price support
Bitcoin price falls to 2-month low, but derivatives markets reflect traders’ interest
4.7.2024
Bitcoin price is pinned below $60,000, but derivatives and stablecoin data show traders remain optimistic
Bitcoin Nosedives Under $58K Amid Mt. Gox, German Government Wallet Movements
4.7.2024
A wallet belonging to a German official entity moved its largest stash of BTC to exchanges earlier today, while Mt. Gox wallets showed activity for the first time in a month
Bitcoin Drops Below 200-Day Average; Bull Market Trendline in Focus
4.7.2024
Markets that consistently trade below the 200-day SMA are said to be in a downtrend
Decoding The $7B Decline in Bitcoin's Notional Open Interest
4.7.2024
The decline in notional open interest masks bullish undercurrents
Mt. Gox Doomsday Scenario Involves Bitcoin Cash, Not Bitcoin: Analyst
4.7.2024
Selling pressure from Bitcoin Cash (BCH) and lack of liquidity is the story to watch once Mt. Gox begins redemptions, writes Presto Research
Bitcoin Plunges Under $59K as Crypto Bulls See $230M Liquidations
4.7.2024
Solana’s SOL and dogecoin (DOGE) lead losses among major tokens, with the CoinDesk 20 index down 4.8%
Price analysis 7/3: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
3.7.2024
Bitcoin price struggles to trade above $60,000, and the bullish setup displayed by altcoins is also beginning to crumble. Is the bull market coming to an end?
DeFi Tokens Plunge 10%-20%, Led by Pendle Amid Weak Crypto Price Action This Week
3.7.2024
Pendle has recently lost $3 billion of its TVL with the June expiry as a result of diminishing airdrop farming hype and lower yields amid muted crypto activity
Biden's Odds of Dropping Out Surge to Almost 80% on Polymarket After New York Times Report
3.7.2024
CoinDesk 20 Performance Update: XRP and LTC Top Performers as Crypto Market Tumbles
3.7.2024
The CoinDesk 20 index drops 4.2%, with XRP and LTC leading and no assets managing to trade higher
Bitcoin Losing $60K Handle May Trigger Wave of ETF Liquidations: Analyst
3.7.2024
BTC has already dropped 14% in four weeks