Altcoins


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Market Wrap: Bitcoin Heads for Worst Week in Year

The latest crypto news and headlines for Friday, June 17.

(Getty Images)

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First Mover Asia: When Crypto Rebuilds After This Cold Winter, Firms Like Three Arrows Capital Won't Have a Place; Bitcoin Sinks Toward $20K

The crypto hedge fund, which has been one of the industry’s most prolific investors in new protocols and is also a large borrower, is facing $400 million in liquidations on its positions; ether drops 13%.

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Market Wrap: Bottom Has Not Been Reached for Crypto, but Capitulation Is Needed

The rally in bitcoin and other major cryptocurrencies after the Fed meeting on Wednesday proved short-lived.

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First Mover Asia: Celsius Risks Triggered Crypto Crash, Says Huobi Group CFO; Bitcoin Wobbles but Doesn't Break Post-Rate Hike

Lily Zhang told CoinDesk the lending platform's problems were ill-timed following the collapse of the terraUSD stablecoin, and crypto prices could decline further; major altcoins regain ground.

Celsius' problems triggered the latest crypto prices crash, says a Huobi senior executive. (Malte Mueller/Getty Images)

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Market Wrap: Fed Hikes Rates at Highest Level Since 1994, Bitcoin Rallies After

The cryptocurrency fell to $20,270 after the Fed's statement but rebounded shortly after.

Federal Reserve Chair Jerome Powell at a press conference on June 15, 2022. (Source: Federal Reserve)

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First Mover Asia: Traders See Bitcoin Falling to 2017 Levels Amid Ongoing Inflation, Economic Concerns; Cryptos Struggle

The largest digital asset by market cap could dip below $20,000 in the near future and is unlikely to rebound until macroeconomic conditions improve; bitcoin and ether are down in Tuesday trading.

The bear market in crypto continued, but better times don't seem so long ago.(Johnny Johnson/Getty Images)

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Market Wrap: BTC Tumbles Further Ahead of Fed Meeting; Extreme Fear Among Traders

Bitcoin hovered around $22,000, down about 5% over the past 24 hours.

(Jan Baborák/Unsplash)

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Morgan Stanley Says Ether Underperformance Echoes Crypto Downturn of 2018

Expectations of higher Fed interest rates are weighing on crypto prices, the bank's analysts said.

Jenga image via Shutterstock

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First Mover Asia: What Analysts Are Saying After Crypto Lender Celsius Paused Withdrawals; BTC Drops Below $23K

Some observers of digital asset markets criticized the move but others said that Celsius could be protecting user funds; ether plummets 17%.

Analysts responded differently to Celsius' announcement. (CoinDesk archives)

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Market Wrap: Bitcoin Tumbles Most in 1 Year as Crypto Cracks Appear

Bitcoin slumped to about $23,000 when the Celsius withdrawal halt combined with a sell-off in traditional markets to sour trader spirits.

Bitcoin's price is no longer clinging to the $30K zone. (CoinDesk)