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Bitcoin's price rally may face temporary resistance as the climb to a record high seems to have spurred profit-taking among BTC holders. Data tracked by Kaiko shows an imbalance between potential sellers and buyers in bitcoin's aggregated order book across 33 centralized exchanges. CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."

Mar 6, 2024

The crypto industry saw just over $67 million lost to hacks and fraud in February across 12 incidents, according to data from Web3 bug bounty platform Immunefi. DeFi continues to be the main target for exploits, with crypto gaming platform PlayDapp losing $32 million and decentralized crypto exchange Fixedfloat losing $26 million. CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."

Mar 5, 2024

Bitcoin's (BTC) recent bullish momentum has most bitcoin-holding blockchain addresses sitting on unrealized gains on their investments. Data tracked by analytics firm IntoTheBlock shows that more than 97% of BTC addresses are now "in the money." CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."

Mar 4, 2024

Bitcoin (BTC), the leading cryptocurrency by market value, is currently trading above the $60,000 level, up over 40% in four weeks. Despite the bullish market conditions, analysts at The Market Ear said chasing bitcoin now seems like a "very late trade," as the reading of momentum indicator RSI indicates overbought conditions or a situation where the asset rallied a little too fast and might correct lower soon. CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."

Mar 1, 2024

DOGE futures set a record open interest at $1 billion, signaling strong trading interest in the tokens. According to data from Coinalyze, nearly 70% of these bets were on the long side, expecting the memecoin to go higher. CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."

Feb 29, 2024

The spread between bitcoin and ether perpetual funding rates recently collapsed to an annualized level of -9%, according to data tracked by Glassnode. The decline is a sign that investors are willing to pour money into smaller, risky altcoins, expecting to generate a large profit. CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."

Feb 28, 2024

Bitcoin (BTC) skyrocketed above $57,000 this morning for the first time since November 2021. Peter Brandt, an analyst with over four decades of experience tracking markets, expects the ongoing bitcoin (BTC) bull market to peak at $200,000 in September 2025, a significant upward revision from the initial estimate of $120,000. CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."

Feb 27, 2024

A bitcoin (BTC) indicator is suggesting a build-up of speculative froth in the market, often a recipe for leverage flushout and a sudden drop in price. CoinDesk's Jennifer Sanasie also explains why excess bullish speculation could lead to forced closure of leverage positions in "The Chart of the Day."

Feb 26, 2024

A Glassnode report shows that the stablecoin sector has seen significant increases in fiat inflows, with the total supply of USD-pegged tokens reaching $128.5 billion. The report notes that the spike is predominantly fueled by USDT, which has a 74.3% market share. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Feb 23, 2024

A report from Chainalysis shows that ransomware payments hit a record high of $1.1 billion last year despite the decline in ransomware volume seen in 2022. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Feb 22, 2024