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Pepecoin Doubles to $500M Market Cap as Memecoin Fever Steals Bitcoin's ETF Thunder
Popular memecoin PEPE has doubled in a week to a $500 million market cap as traders anticipate the etchings of a bitcoin spot ETF-induced bull market. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Solana Rallies Over 20% in Last Week: What's Behind the Move?
Solana (SOL) has risen more than 20% in the past week, outperforming the rest of the crypto market and defying worries of a potential fire sale by bankrupt crypto exchange FTX. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
YouTube Metrics Help Time Crypto Markets: Delphi Digital
Tracking changes in the viewership and subscriber base of popular crypto-related YouTube channels can offer insights into retail investor sentiment and impending market trends, according to data tracked by Delphi Digital. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Bitcoin's Rising Dominance Rate Threatens Altcoin Boom From 2021
Bitcoin's (BTC) dominance rate, or share in the overall crypto market, is continuing to rise and threatening to reverse altcoin gains from early 2021. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Bitcoin's Price Stable as Hamas Attack on Israel Jolts Broader Markets
Bitcoin (BTC)'s price is showing signs of resilience, even as broader equity markets slid and oil prices rose as traders reacted to Hamas launching a surprise attack against Israel. Arca co-founder and CEO Rayne Steinberg shares his crypto markets outlook.
Ether Hit Lowest Price Compared to Bitcoin Since July 2022
Ether (ETH) is hovering above $1,600 after dropping to its lowest price compared to bitcoin since July 2022, as the launch of futures-based ETH ETFs attracted meager interest from investors. The ether-to-bitcoin price ratio also dropped to a fresh 15-month low this week. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Crypto VC Funding Down 33% in Worst Quarter Since 2020: DefiLlama
Crypto companies and DeFi projects just closed their worst quarter since 2020, with the sector securing just over $1 billion in venture capital as the chill of crypto winter drags on. DefiLlama data suggests the amount of venture funding dried up by 77% year-over-year from September 2022, when the industry bagged $1.5 billion. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
ETH Slumps Amid Slow Start for Ether Futures ETFs
It was a slow start for futures-based ether exchange-traded funds (ETFs) on their first day of trading. A total of nine of the ETFs offering exposure to ether futures came to market on Monday. Five will hold only ether futures, while four will hold a mix of bitcoin and ether futures. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Technical Analysis Indicator Flashes Bullish Signal for Ether
Ether's (ETH) immediate prospects look positive as a technical analysis indicator, known to mark turning points in the market, is flashing a bullish signal. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
95% of NFTs May Now Be Worthless, Report Suggests
Most non-fungible tokens (NFTs) may now be worthless, less than two years after crypto's most recent bull run, a report by dappGambl suggests. The recent study is based on data provided by NFT Scan and CoinMarketCap and examined more than 73,000 NFT collections found that over 95% of them had a market cap of 0 ETH. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."