Bitcoin


Markets

Bitcoin Nears $29K as Fidelity ETF Amendment Bumps Bullish Sentiment

Some analysts said the amendments show the U.S. Securities and Exchange Commission is holding active discussions with related parties.

(Ryan Quintal/Unsplash, Modified by CoinDesk)

Markets

Ether Could Continue to Underperform Bitcoin as U.S. Bond Market 'Dis-Inversion' Resumes

The spread between yields on 10-year and three-month Treasury notes has resumed the recovery toward zero. Ether has a strong inverse correlation with the yield spread than bitcoin.

El mercado bajista y la caída en el volumen de trading pesan sobre Coinbase. (Olen Gandy, Unsplash)

Finance

Coinbase Trading Volume Slows Further as Crypto Winter Continues: Berenberg

Political headwinds could blunt the impact of the crypto exchange’s ramped-up lobbying efforts, the report said.

(Alpha Photo/Flickr)

Markets

Bitcoin Beats Rest of Crypto Market as Ether, DeFi Tokens Struggle

Bitcoin's market share of all cryptocurrencies rises to highest since April 2021.

BTC price on Oct. 17 (CoinDesk)

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Tech

Bitcoin Magazine Owner Backs First Ordinals Fund, Which Bought $85K Rock

The "Unbroken Chain" fund, as it is known, plans to raise $5 million from its limited partners and will trade in various Ordinals types, including BRC-20 tokens – sometimes positioned as NFTs on Bitcoin. Already the new group has bought an image of a rock for about $85,000.

https://ordiscan.com/collections

Markets

First Mover Americas: FTX Proposes Returning Up to 90% of Customer Funds

The latest price moves in crypto markets in context for Oct. 17, 2023.

FTX founder Sam Bankman-Fried (Nikhilesh De/CoinDesk)

Markets

Crypto Day Ahead: U.S. Retail Sales Data to Test Dollar Buoyancy

Soft data would challenge the "U.S. exceptionalism" story and may hurt the dollar, paving the way for a positive bitcoin price action.

Real world assets are increasingly being seen as a growth area in crypto and TradFi. (Claudio Schwarz/.Unsplash, modified by CoinDesk)

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Markets

Bitcoin Above $28K Buoyed by California ‘BitLicense’ Bill Being Signed

The broader crypto market returned just over 1.24% on average in the past 24 hours, CoinDesk Market Index shows.

(Jared Schwitzke/Unsplash)

Markets

Bitcoin's Rising Dominance Rate Challenges Altcoin Boom From 2021

Bitcoin's dominance rate (index), which measures the top cryptocurrency's share in the total crypto market, touched a 2.5-year high of 52.45% on Monday.

Candle chart with moving average lines

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