Cryptocurrency


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What Is Polygon? Understanding Polygon and How It Works

The Polygon network has seen rapid growth and adoption from major players in crypto as well as big brands including Starbucks.

Pixelated Question mark (Getty)

Markets

Market Wrap Year-End Review: Bitcoin ETF Rally Proved Short-Lived, and $100K Dreams Faded

In October, the long-awaited U.S. bitcoin ETF approval sent BTC’s price toward an all-time high of almost $69,000. But extreme leverage preceded a sell-off back down to $47,100 by the end of the year.

(Jared Schwitzke/Unsplash)

Markets

Market Wrap Year-End Review: El Salvador Adopted Bitcoin, Then Bought the Dip

The country’s adoption of BTC as legal tender wasn’t enough to keep the cryptocurrency near $50K in September.

El Salvador (Esaú González, Unsplash)

Markets

Market Wrap Year-End Review: When Institutions Cashed Out of Bitcoin

One big investment firm pocketed big profits by selling bitcoin near the market top in April before the price tumbled.

Bitcoin price events (Ruffer Investments)

Markets

Market Wrap Year In Review: Remembering Bitcoin’s FUD-Fueled Crash

As crypto markets moved through April and May, many buyers began to cash out as fear, uncertainty and doubt (”FUD”) overwhelmed traders. Concerns included U.S. capital gains taxes on digital assets, bitcoin’s environmental footprint and an outright ban on crypto mining in China.

(Faberge Workshop/Art Institute of Chicago, modified by CoinDesk)

Markets

Market Wrap Year-End Review: Bitcoin Peaks as Coinbase Goes Public

Tesla’s bitcoin acceptance helped to send the BTC price to an all-time high near $65,000 in April, almost unthinkable just a few months earlier. Coinbase’s direct stock listing marked the exact date of the market top.

The peak of the bitcoin market in April 2021 perfectly coincided with the elevated hype surrounding the Coinbase direct stock listing. (William Henry Jackson/Art Institute of Chicago, modified by CoinDesk)

Markets

Market Wrap Year-End Review: Bitcoin Starts Off in a Frenzy

In this first episode of Market Wrap’s review of crypto markets in 2021, we recall the powerful rally that ushered in the new year. Retail traders piled in, even as some institutional investors sounded warnings about rampant speculation.

Chicago Board of Trade traders, 1949 (Stanley Kubrick via Wikimedia Commons)

Markets

Bitcoin Limited to $50K-$55K Resistance as Momentum Slows

Short-term buying could be limited given negative momentum on the weekly chart.

Bitcoin weekly price chart (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Oversold Near $46K Support; Resistance at $55K

The cryptocurrency could see a brief price bounce, although sellers remain in control.

Bitcoin daily price chart (Damanick Dantes/CoinDesk, TradingView)

Finance

India’s Biggest Crypto Exchange Saw 17-Fold Jump in Trading Volume in 2021

Crypto adoption is booming in semi-urban and rural areas of India despite lingering regulatory deadlock.

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