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Chart of the Day
Will Google's Willow Quantum Computing Chip Destroy Crypto?
Bitcoin fell after Google unveiled its quantum supercomputer Willow that can perform extremely complex computational tasks in no time. Will this be the end for blockchain security? CoinDesk's Christine Lee presents the "Chart of the Day."
Traders Call $120K Bitcoin Next Resistance Level
Where is bitcoin's next resistance level? Data from Deribit shows that BTC's $120,000 strike call option is the most popular contract at the moment, with a notional open interest of over $1.9 billion. CoinDesk's Christine Lee presents the "Chart of the Day."
Bitcoin Flash Crash to $63K on Upbit After South Korea's Martial Law
Bitcoin fell as low as $63,000 on Upbit after martial law was declared in South Korea. According to data from Lookonchain, whales moved large amounts of tether onto the crypto exchange to take advantage of the BTC discount Tuesday. CoinDesk's Christine Lee presents the "Chart of the Day."
Demand Driving Asia Pacific Crypto Adoption, Unrealized China Potential: Report
A CoinDesk report on the growth of crypto in the Asia Pacific region shows that the area is witnessing a grassroots surge in cryptocurrency demand driven by people. CoinDesk's Christine Lee breaks down the APAC crypto movement on the "Chart of the Day."
XRP Surges 380% in One Month, Flipping Tether to Become Third Largest Crypto
XRP, the payments-focused cryptocurrency, has skyrocketed over 380% in the last 30 days. This comes as bitcoin struggles to cross $100,000 amid faltering bitcoin dominance. CoinDesk's Christine Lee presents the "Chart of the Day."
Retail Traders Rekt Amid Bitcoin Volatility
Bitcoin volatility is back as BTC dropped from nearly $100,000 to almost $90,000. Data from Glassnode shows that short-term holders have sent almost $8 billion or 83,000 BTC to exchanges at a loss over the past two days. Retail traders in MicroStrategy are also recording big losses. CoinDesk's Christine Lee presents the "Chart of the Day."
Bitcoin Price Correction Could Fall Below $90K
After a record-setting run near $100K, bitcoin looks poised for a correction below $90K. CoinDesk's Christine Lee explains the bearish signals ahead on "Chart of the Day."
$100K Bitcoin Blocked By Monster Sell Wall
A sizeable well wall is blocking Bitcoin from breaching the $100,000 threshold, despite the bullish frenzy for the largest cryptocurrency by market cap. CoinDesk's Christine Lee explains on "Chart of the Day."
Could Bitcoin Drop to $50K?
Bitcoin has carved out a double-top price pattern, signaling a potential bearish trend. 10x Research founder, Markus Thielen said, "Technically, bitcoin appears to follow a double top formation, whereas the support level is being tested. This chart formation should be our base case unless it becomes invalidated. This formation could easily see a drop to $50,000— if not $45,000." Watch CoinDesk's Jennifer Sanasie unpack this data on "Chart of the Day."
Long-Term Bitcoin Investors HODL as Speculator Selling Drives Prices Lower: Coinbase
Long-term bitcoin investors have preserved their holdings in recent weeks even as speculators flee the market, driving the cryptocurrency below $20,000. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
