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Crypto Market to Stay Highly Correlated to Stocks Amid Macro Events and Dwindling Network Activities, Citi Says
6.9.2024
Digital assets are expected to stay highly correlated with equities amidst the upcoming macro calendar, the report said
U.S. Added 142K Jobs in August, Likely Setting Stage for 25 Basis Point Rate Cut
6.9.2024
First Mover Americas: BTC Treads Water Ahead of U.S. Jobs Report
6.9.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 6, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Crypto Market Lacks Major Near-Term Catalysts, JPMorgan Says
6.9.2024
Total crypto market cap was $2.02 trillion at the end of August, a 24% decline from this year's peak of $2.67 trillion in March, the report said
Bitcoin's 200-Day Average About to Lose Bullish Momentum; NFP Eyed
6.9.2024
The average, widely considered a barometer of the long-term trend, has hit stall speed for the first time since October
Weeks After Ether ETF Debut, ETH Market Liquidity Has Dropped by 20%
6.9.2024
Order book liquidity refers to the market's ability to absorb large buy and sell orders without influencing the spot price
Financial Action Task Force of Latin America States Bitcoin Has Not Reached a ‘Significant Impact’ in El Salvador
6.9.2024
The Financial Task Force of Latin America (GAFILAT) released an evaluation of the state of El Salvador regarding compliance with international anti-money laundering requirements. The institution found that, while El Salvador included bitcoin as legal tender in 2021, the crypto asset has not reached...
Bullish or Bearish? What’s Next for Bitcoin Amid Mixed Market Sentiment
5.9.2024
On Sept. 5, 2024, bitcoin held steady, floating just above the $56K mark, sparking ongoing debates about its market direction. Some speculate that bitcoin might be entering a bearish phase, while others still see potential for a bullish breakout. Cryptoquant’s head of research, Julio Moreno...
Bitcoin trades under $57K, but data suggests pro traders are not bearish
5.9.2024
Bitcoin price fell closer to $56,000, leading traders to question whether the bull market is coming to an end. US job market data could hold the answer
Aptos Leads Losses as Crypto Weakness Continues; Coinbase Shares Fall to 7-Month Lows
5.9.2024
Cryptocurrencies continued their weak trading as recession fears weighed on risk assets ahead of Friday's key jobs data report
Bitcoin Sinks 3% as Markets Brace for Friday’s Jobs Report, Gold Climbs
5.9.2024
On Thursday, the crypto market mirrored the stock market’s downturn ahead of Friday’s anticipated U.S. jobs report. All major U.S. stock indices slipped into the red, with bitcoin (BTC) tumbling 3.6% in the past 24 hours. Meanwhile, gold enjoyed a nearly 1% gain, climbing back above...
Vitalik Buterin: Bullish on Google sign-in, bearish on duels to the death
5.9.2024
Buterin says prediction markets are better for settling beef, but Elon Musk says he’s packing historical heat.
Bitcoin Flounders Ahead of Friday Jobs Report That Might Push Fed to Slash Rates by 50 Basis Points
5.9.2024
The U.S. central bank has indicated it will cut rates at its mid-September meeting, but the size of the move is up for debate
First Mover Americas: BTC Erases Gains From Wednesday's Brief Rally
5.9.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 5, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Bitcoin Retraces Below $57K as 'Sell-on-Rise' Action Continues
5.9.2024
Crypto weakness may be a red flag for traditional risk assets, one analyst said
Ether CME Futures Volume Shrinks as ETH ETFs Disappoint, Crypto Market Ducks Risk
5.9.2024
The decline in trading volumes for ETH instruments suggests lower-than-expected institutional interest in the asset, particularly following the launch of spot ETH ETFs, according to CCData
South Korea’s Upbit Adds BIGTIME; Bithumb Adds JTO, ETHFI KRW Markets
5.9.2024
South Korea’s two leading crypto exchanges, Upbit is adding BIGTIME Korean Won trading market and Bithumb is adding…
Amid Criticism, Central Bank of Argentina Confirms Moving Gold Abroad
5.9.2024
In a recent press release, the Central Bank of Argentina acknowledged sending part of its gold holdings abroad, stating that it had “recalibrated” the nation’s gold between its accounts. The institution faced criticism from some lawmakers who are concerned that this gold located...
Bitcoin Halving Events No Longer Drive BTC Price, Report Says
5.9.2024
Outlier Ventures’ new report claims the four-year Bitcoin halving cycle “is dead,” arguing that halving events no longer significantly impact bitcoin’s price due to a maturing crypto market. The report suggests the influence of halvings diminished after 2016, with recent...
Arthur Hayes: Bitcoin Could Slip to $50,000 — Altcoins Could Dive ‘Into the Gutter’
5.9.2024
Arthur Hayes, co-founder of crypto exchange Bitmex, has warned of a scenario where bitcoin could “slowly leak lower towards $50,000” and “altcoins could dive deeper into the gutter.” Focusing on the impact of dollar liquidity and Federal Reserve policies, Hayes remains...