The first woman to gain more than a million YouTube subscribers is now going all-in on bitcoin to promote financial freedom to her loyal fanbase. “I kind of view bitcoin as similar to YouTube, which…
Market Wrap: Bitcoin Slips to $11.2K; Uniswap Flows…
Bitcoin is trending downward while ether transaction activity is showing Uniswap’s influence on the market. Bitcoin (BTC) trading around $11,359 as of 20:00 UTC (4 p.m. ET). Slipping 0.38% over the previous 24 hours. Bitcoin’s…
First Mover: Stimulus Winning as Biden Surges in…
The outcome of next month’s U.S. presidential election may not matter much for bitcoin’s price: Economic stimulus in the trillions of dollars is likely no matter who wins, bolstering the largest cryptocurrency’s appeal as a hedge against inflation. …
Market Wrap: Bitcoin Tops $11.1K; Ether Traders Like…
Bitcoin is making gains Friday while ether options traders on the Deribit exchange love $400 strikes. Bitcoin (BTC) trading around $10,050 as of 20:00 UTC (4 p.m. ET). Gaining 1.4% over the previous 24 hours.…
DeFi tokens are oversold but revenue and TVL…
Over the last month the crypto market has seen a significant amount of volatility as a 6-month altcoin bull market abruptly came to an end with the most recent Bitcoin (BTC) price rejection at $12,000.…
Bitcoin Expects to Hit Yearly Highs on UBS’s…
Bitcoin is looking to resume its uptrend towards $12,500 based on its proximity with traditional rival gold. The analogy pops out of an erratic positive correlation between the two assets that have caused them to…
Market Wrap: Bitcoin Hits $10.9K; Total BTC Locked…
Bitcoin is making gains not seen since early September; the amount of BTC locked in DeFi hits six figures. Bitcoin (BTC) trading around $10,778 as of 20:00 UTC (4 p.m. EDT). Gaining 0.70% over the…
Binance, Huobi, OKEx Have FOMO for DeFi
Decentralized finance (DeFi) has been grabbing the headlines and capturing the imagination of traders in recent weeks and some of the biggest centralized cryptocurrency exchanges seem to be afraid they’re missing out. That’s why they…
Buffett shunned tech for many years until now…
Ahead of its initial public offering (IPO), Warren Buffett and Berkshire Hathaway invested in tech-cloud company Snowflake. Buffett has largely avoided tech companies for many years, investing heavily in banks. That trend is starting to…
Blockchain Bites: Bitmain Denied, Coinbase Blocked and a…
Bitmain’s appeal to recoup $30 million in alleged lost revenues from Poolin has been denied, Digital Currency Group has acquired a retail-focused exchange and Venezuelan officials appear to have blocked access to Coinbase. Top shelf…
First Mover: Bitcoin Acts Like a Tech Stock…
You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team and edited by Bradley Keoun, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never…
Market Wrap: Bitcoin Tumbles to $9.8K; Investors Continue…
Bitcoin is in bear territory for the third straight day and investors are still looking to DeFi to capture gains during the dump. Bitcoin (BTC) trading around $10,606 as of 20:00 UTC (4 p.m. ET).…
First Mover: Ether Price Swings Make Bitcoin Look…
Market moves The explosive growth of decentralized finance, or DeFi, on the Ethereum blockchain has brought unwanted attention to the recent surge in congestion on the network, with a resulting jump in transaction fees. There’s…
Federal Reserve’s Expected Inflation Ramp-Up Drives Institutional Investors…
The U.S. Federal Reserve is expected to ramp up inflation by keeping interest rates low. As the U.S. dollar falls sharply and gold’s price soars, institutional investors are moving their money into alternative investments, including…
LEND Rallies Another 20%; Here’s Why It Could…
LEND price surged another 20 percent on a 24-hour adjusted timeframe. The extended upside move brought the DeFi token closer to its all-time high of $0.485. Jeff Dorman, the chief investment officer at Arca, credited…
Bitcoin Price Rebounds to $11.6K as VIX Is…
Bitcoin (BTC) soared past the key technical resistance level of $11,500 and past $11,600 on Aug. 5 as a fresh round of bullish sentiment canceled out more of last weekend’s plunge. Cryptocurrency market daily snapshot…
First Mover: As Fed Nears Inflation Rubicon, Analysts…
The Federal Reserve appears ready to pursue yet another untested strategy that could ultimately boost inflation – and possibly prices for bitcoin. The Fed is “preparing to effectively abandon its strategy of pre-emptively lifting interest rates to…
One Billion, Two Billion, Three Billion, Four? DeFi’s…
Projects like MakerDAO, Compound, dYdX and Dharma realized in 2018 they were a distinct group with shared interests within the cryptocurrency industry. Finance has been part of Ethereum from the beginning, but the first attempt…
Amazon Prime Membership Should Have Been a Tokenized…
Jeff Dorman, a CoinDesk columnist, is chief investment officer at Arca where he leads the investment committee and is responsible for portfolio sizing and risk management. He has more than 17 years of trading and…
Macro Indicators Predict BTC Rally as Bitcoin Price…
Since early May, the price of Bitcoin has been at a standstill in a tight range between $8,500 and $10,000. For most of the past month, BTC has remained between $9,000 and $9,500 as realized…
The Three Most Controversial Bitcoin Price Models and…
There are several well-known Bitcoin price models and theories that are often highly debated and considered controversial. Models like stock-to-flow, Hyperwave and Elliot Wave typically predict large price movements in the medium- to long-term. Stock-to-flow:…
Bitcoin Price Rally by 2021 Looks Likely From…
The price of Bitcoin (BTC) has been bouncing in the range between $8,600 and $10,000 for the past two months. BTC has shown little volatility since May, following a critical rejection at $10,440. However, five…
Market Wrap: Crypto Market Eerily Quiet as Bitcoin…
Quiet is the best word to describe the bitcoin market. Tuesday’s trading stayed within the same price range maintained over the past several weeks, with bitcoin remaining inside a tight $200 range for much of…
Market Wrap: DeFi Is Helping Ether Outpace Bitcoin…
Bitcoin and ether are soundly beating nearly all major global equities indices on the year. Of the two, ether is handily beating bitcoin’s price performance when the market is moving higher. The second-largest cryptocurrency by…
Market Wrap: Bitcoin Closing in on $9,900 as…
A quick rally followed by a sharp decline earlier this week in bitcoin prices spelled trouble for bulls. However, volatility is back in the spotlight and that could bring other opportunities, according to market players.…
First Mover: ECB Stimulus May Offer Market Hope…
As bitcoin struggles to break out of the range it’s largely been stuck in for more than a month, some investors are looking ahead to Thursday’s European Central Bank meeting for fresh monetary stimulus that…
Market Wrap: Bitcoin’s Price Is Rising Despite a…
Bitcoin's price is starting to make gains after what turned out to be a rather dull halving event. With daily active bitcoin addresses at the highest level since 2018, interest in bitcoin could be heading…
Bitcoin’s 8% Drop Triggers Largest Liquidation on BitMEX…
Bitcoin fell sharply on Sunday, triggering the highest long-short liquidations on crypto derivatives exchange BitMEX for the past two months. The top crypto by market cap fell by over 8.5% – its biggest single-day drop…
First Mover: Two Weeks From Halving, Bitcoin Rally…
Bitcoin has strung together seven consecutive daily gains, something that hasn't happened since the price shot up to last year's high around $13,000 in July. The cryptocurrency's price now stands at over $7,750, up 8…