Shifting regulatory tides in the U.S. and favorable price action could set up XRP for a 40% move higher in the near term. Since hitting highs near $2.9 in early December, payments-focused cryptocurrency XRP has lost steam to carve out what is known as a “descending triangle” pattern in technical analysis. It is identified by … Read more
Investors withdrew substantial amounts from the U.S.-listed spot bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs) Wednesday as macroeconomic uncertainties cast a shadow over the cryptocurrencies’ price prospects. Eleven bitcoin ETFs recorded a combined net outflow of $582 million, marking the second-largest total since these alternative investment vehicles began trading a year ago, according to … Read more
Cardano’s ADA led losses among crypto majors Thursday as bitcoin weakness showed no signs of stopping, pausing any chances of a rally in altcoins. Bitcoin (BTC) slipped to nearly $93,000 on Wednesday as fresh economic data sent U.S. treasury yields soaring, leading to a fall in equities. The latest Institute for Supply Management (ISM) report … Read more
By James Van Straten (All times ET unless indicated otherwise) The total cryptocurrency industry is now under $3.2 trillion in market capitalization, as over $300 billion has been wiped out since Jan. 6, taking away all early gains for the year, according to the TradingView metric TOTAL. As a result, bitcoin (BTC) is now hovering … Read more
For the outside world, bitcoin (BTC) dropping $10,000 to $92,000, in a matter of days could signal the end of the bull run. A caveat to this could be that bitcoin continues to consolidate below a key psychological $100,000 threshold. Unconfirmed reports from DB News suggest that the Department of Justice (DOJ) has been given … Read more
Crypto exchange Gemini has appointed a new senior management team in Europe and plans to significantly expand its footprint in the region in 2025, the company said in a press release on Thursday. Mark Jennings has joined the company as its new head of Europe and Daniel Slutzkin has been appointed head of the U.K., … Read more
The new year kicked off on a happy note with bitcoin (BTC) moving towards $100,000, putting behind the weak price of December. Amid the cheer, CoinDesk warned against being too optimistic, noting the undercurrents of sellers looking to reassert themselves. A week later, BTC has pulled back to $93,000 after failing to keep gains above … Read more
MANTRA, a layer-1 blockchain designed for tokenized real-world assets (RWA), entered an agreement with United Arab Emirates-based property conglomerate DAMAC Group to bring at least $1 billion of the firm’s assets to blockchain rails, the companies announced Thursday in a press release. The deal will allow investors to finance DAMAC’s portfolio companies spanning across various … Read more
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3298.7, down 2.2% (-74.23) since 4 p.m. ET on Wednesday. One of 20 assets is trading higher. Leaders: LTC (+1.9%) and POL (-0.3%). Laggards: RENDER (-5.1%) and ICP (-5.1%). … Read more
Coinbase Inc. (COIN) is warning customers that a U.S. regulator is demanding information about interactions with prediction market firm Polymarket, according to a person familiar with the situation, and Coinbase has sent messages to customers saying the exchange may have to share that data. Copies of the emails shared with some customers have circulated on … Read more