More Than 50% Bitcoin Addresses Are in Loss
Most addresses holding bitcoin are now losing money, on-chain data shows. "It's just the short-term overhang that's pretty dangerous at this point ... everyone is focused on [FTX] contagion risks," says Nauman Sheikh, Wave Financial head of protocol and treasury management. But, he explains why he's optimistic in the long term.
Major Cryptos Plunge Over the Weekend Amid FTX Collapse
Bitcoin (BTC) slipped 2% but held above its recent $16K support while other major cryptos dropped significantly. Wave Financial’s Head of Protocol and Treasury Management Nauman Sheikh discusses the impact of FTX’s collapse on the broader crypto markets. Plus, insights on Grayscale’s Bitcoin Trust (GBTC) shares trading at a discount of 45% below the net asset value. CoinDesk is an independent subsidiary of Digital Currency Group (DCG), which also owns Grayscale.
Más del 50% de las direcciones de bitcoin están en pérdida
Los mercados bajistas anteriores terminaron con la mayoría de las direcciones sin dinero, según muestran datos de la cadena.
First Mover Americas: FTX Faces Whopping Claims, Ackman's Hot for Helium
The latest price moves in crypto markets in context for Nov. 21, 2022.
More Than 50% of Bitcoin Addresses Are Now in Loss
Previous bear markets ended with the majority of addresses being out of the money, on-chain data shows.
First Mover Asia: Cryptos Dive Deep Into the Red
ALSO: Sam Reynolds writes that the crypto industry might be better off in the long run if some major initiatives wind down.
Understanding the FTX Fallout From the Eyes of a Bitcoiner
The financialization, tokenization and the chase of short-term profits seen across Sam Bankman-Fried's trading empire is peak Wall Street.
Market Wrap: Investors Continue to Learn More About FTX's Mismanagement
Bitcoin and ether held steady at their most recent support levels.
Crypto Market Analysis: Roller-Coaster Week Ends With Bitcoin Volatility Falling
ALSO: This week’s Fed commentary provided something for doves, hawks and those in between. BTC and USD move in tandem.
Bitcoin Trading Sideways Around $16K Amid FTX Gloom
CoinDesk Markets Managing Editor Brad Keoun and Tech Managing Editor Christie Harkin review the impact of crypto exchange FTX's implosion on bitcoin as the cryptocurrency continues to trade sideways around $16,000. Plus, what it reveals about the need for self custody and the state of the crypto industry.