Bitcoin (BTC) whales, investors who already hold in excess of 10,000 BTC, are buying up more of the largest cryptocurrency in a sign of confidence in further upside even as the price sits just a few percent below its all-time high around $112,000. The whales have shifted into aggressive accumulation mode over the past few […]
News from Web3, Bitcoin and crypto crurrency launches and market updates
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. The consensus in the bitcoin BTC market remains bullish even though the price has held above $100,000 every day bar one for two months, with analysts’ projections for resistance levels ranging from $140,000 to over $200,000. One way to identify […]
At the time of writing, Ether (ETH) is trading at around $2,505, up 0.56% in the past 24-hours, according to CoinDesk Research’s technical analysis model. As for the broader crypto market as gauged by the CoinDesk 20 Index (CD20), it is up 0.34% during the same period. SharpLink Gaming, Inc. (SBET) is a pioneering online […]
Singapore fined nine financial firms, including UBS and Citigroup, S$27.5 million ($21.5 million) after a probe into the country’s largest money laundering scandal, which involved the seizure of assets ranging from luxury real estate to cryptocurrency. The Monetary Authority of Singapore (MAS) announced that Credit Suisse’s local unit, now part of UBS, faced the biggest […]
Bitcoin Cash (BCH) traded at $482.54 on July 5, down 0.23% over the past 24 hours, following a broader retreat from its recent multi-month high, according to CoinDesk Research’s technical analysis model. As for the broader crypto sector as gauged by the CoinDesk20 Index (CD20), it is up 0.27% during the same period. On July […]
U.S. exceptionalism, the notion that the U.S. economy and its financial markets are distinct compared to those of other nations, remains alive and well, at least according to the equity markets. Since the early April slide, Wall Street’s tech-heavy Nasdaq index has surged 31%, while the broader S&P 500 index has rallied 24%, according to […]
Drake’s latest track, “What Did I Miss,” features lyrics about betrayal, luxury, and bitcoin. The rapper compares fickle friends to the cryptocurrency’s rollercoaster price moves, saying he looked at it “like a BTC”: “Could be down this week, then I’m up next week.” It’s not the first time bitcoin has appeared in Drake’s orbit. In […]
Dogecoin stabilized Saturday after a steep intraday decline, bouncing off a low of 16.1 cents and closing near 16.3 cents. The 5% drop came amid broader market volatility driven by macroeconomic concerns and shifting investor sentiment. Despite the downturn, DOGE showed signs of strength, with volume at support levels well above average, suggesting possible accumulation […]
XRP showed signs of consolidation over the past 24 hours as the cryptocurrency pulled back slightly from recent highs, shedding 1.07% amid ongoing global economic uncertainty. Despite the dip, price action remains constructive with higher lows forming above $2.20 — a level that has emerged as key short-term support. While macro headwinds continue to pressure […]
More than $8 billion worth of bitcoin mined during the network’s earliest days — colloquially known as the “Satoshi era” — were moved Friday in the largest such transfer on record. Two wallets that had remained dormant for over 14 years each transferred 10,000 BTC to new addresses around early Friday, as CoinDesk reported. The […]
AI-focused NEAR token slumped by 5% on Friday despite the launch of Bitwise’s NEAR exchange-traded product (ETP). The sell-off comes during a muted day for cryptocurrencies with bitcoin also falling back from its test of a new record high. The launch of Bitwise’s NEAR Staking ETP marks a significant milestone for institutional adoption of the […]
The Bank of Canada took a significant step in exploring the technical feasibility of a digital Canadian dollar, proposing a specific system designed for a retail central bank digital currency (CBDC) focused on simple, everyday payments, according to a new research paper. The central bank’s research team examined OpenCBDC 2PC, a model developed in collaboration […]