When assets surge to lifetime highs or multimonth peaks, traders are often faced with the challenge of identifying key resistance levels, the price targets where the market could next take a breather. That’s precisely the situation facing bitcoin (BTC) and XRP (XRP) traders. Bitcoin, the leading cryptocurrency by market value, is trading at record highs … Read more
Ripple CEO Brad Garlinghouse in an interview with 60 Minutes, said that the 2024 election was a “major victory” for crypto as the majority of Fairshake, a crypto political action committee (PAC), backed candidates, won their seats. And this was a non-partisan effort, as crypto, itself is non-partisan, he argued, pointing to the cross-aisle support … Read more
Amazon’s (AMZN) shareholders are urging the company to take a page from MicroStrategy’s (MSTR) playbook by diversifying its reserves into bitcoin (BTC) to beat inflation and boost shareholder value. “Though bitcoin is currently a volatile asset – as Amazon stock has been at times throughout its history – corporations have a responsibility to maximize shareholder … Read more
Worksport (WKSP), a tiny Nasdaq-listed maker of covers for pickup truck beds, has added its own twist to the newly popular corporate strategy of buying bitcoin that was introduced and made famous by Michael Saylor’s MicroStrategy (MSTR). The New York-based company, which has a $20 million market capitalization, is investing up to 10% of its … Read more
<a href="https://www.coindesk.com/indices/" target="_blank">CoinDesk Indices</a> presents its daily market update, highlighting the performance of leaders and laggards in the <a href="https://www.coindesk.com/indices/cd20/" target="_blank">CoinDesk 20 Index</a>. The CoinDesk 20 is currently trading at 3974.18, up 1.8% (+70.68) since yesterday's close. Ten of 20 assets are trading higher. Leaders: RENDER (+14.7%) and LTC (+9.7%). Laggards: ETC (-5.7%) and ICP … Read more
The increased size of leveraged MicroStrategy (MSTR) exchange-traded funds (ETFs) and the flows they attract are having a more pronounced effect on the company’s stock and crypto markets than before, JPMorgan (JPM) said in a research report on Wednesday. These ETFs played a significant role in amplifying the stock’s near-60% rise in November, the bank … Read more
Bitcoin’s (BTC) market cap is consistently in excess of 50% of the size of the total crypto industry, meaning more funds are held in BTC than every other digital asset combined. With bitcoin dominance reaching multiyear highs of over 60% during the current bull market, projects built on other networks have been looking for ways … Read more
There were many crypto firsts in 2024: the first spot bitcoin ETF, the first spot ether ETF, the first time a pension fund invested in the asset class. But as the expression goes, they saved the best for last: In the waning days of the year, bitcoin (BTC) hit six digits for the first time. … Read more
Stablecoin issuer Circle said on Wednesday it has committed to meet tighter regulations in Canada that allows its $40 billion USDC stablecoin to continue to be listed on exchanges. “USDC is the first stablecoin to achieve this milestone,” the company said in a press statement. “Circle continues to engage with Canadian authorities in their development … Read more
The Sui blockchain hasn’t yet catapulted into the bull-run conversation. But its DeFi ecosystem is trending up and to the right, creating an opening for one of its biggest protocols to capitalize. Suilend, which facilitates crypto borrowing and lending on Sui, raised $2 million in February and just closed on an additional $4 million, its … Read more