First Mover | CoinDesk

First Mover: Stimulus Bet Wins Even as Bitcoin Slips Below $18K

MassMutual's push into bitcoin shows increasing adoption – of the narrative the cryptocurrency can work as a hedge against central-bank money printing.

By Bradley Keoun, Omkar Godbole, Sebastian SinclairDec 11, 2020

It's taking bigger numbers to count the dollars and euros outstanding.

Markets

First Mover: Bitcoin Stuck as ECB's Lagarde Primes Extra €500B Stimulus

The ECB's decision to expand an emergency bond-buying program by €500B may represent the latest installment of years-long balance-sheet increase.

By Bradley Keoun, Sebastian SinclairDec 10, 2020

ECB President Christine Lagarde, speaking Thursday at a press conference.

Markets

First Mover: Why Wells Fargo Won't Recommend Bitcoin to Clients

A Wells Fargo unit doesn't recommend bitcoin to clients because they can't yet hold cryptocurrency in their accounts. What if that changed?

By Bradley Keoun, Omkar Godbole, Sebastian SinclairDec 9, 2020

Wells Fargo clients can't buy cryptocurrencies in their accounts, keeping them from taking part in this year's outsize bitcoin rally.

Markets

First Mover: Wells Fargo Bitcoin Briefing Could Signal Bull Run Intact

As banks like Wells Fargo come around to writing about bitcoin, pro crypto analysts are scrutinizing blockchain network activity for clues on market cycle.

By Bradley Keoun, Omkar Godbole, Sebastian SinclairDec 8, 2020

Markets

First Mover: Why Mohamed El-Erian Might Have Held Bitcoin at $19K

This year's rapid price gains are unnerving some investors, but NYDIG's Greg Cipolaro argues that bitcoin's growing network could justify $52K in five years.

By Bradley Keoun, Omkar Godbole, Sebastian SinclairDec 7, 2020

Allianz Chief Economic Advisor Mohamed El-Erian says he recently sold bitcoin "not based on any deep analysis" after buying some two years ago.

Markets

First Mover: Bitcoin Below $19K and Customers Flee OKEx

OKEx appears to suffer customer outflows after lifting of five-week withdrawal suspension, highlighting the existential threat of operational risk.

By Muyao Shen, Omkar Godbole, Bradley KeounDec 4, 2020

Customers appear to be fleeing the crypto exchange OKEx after the lifting of a five-week withdrawal suspension.

Markets

First Mover: Ether Eyed as Value Play With Bitcoin Pressing $20K

As prices consolidate below $20K, traders cue off macroeconomic factors - like Biden remark that $908B stimulus would be "down payment."

By Muyao Shen, Omkar Godbole, Bradley KeounDec 3, 2020

This one or that one? Investors weigh value proposition of Ethereum's ether as bitcoin pushes to new high.

Markets

First Mover: Short Shrift for XRP Token's 169% Price Surge as Traders Obsess Over Bitcoin

XRP soared 169% in November, topping performance of the CoinDesk 20 digital assets during a month when bitcoin dominated headlines.

By Bradley Keoun, Omkar Godbole, Sebastian SinclairDec 2, 2020

XRP dominated the performance rankings of the CoinDesk 20 digital assets in November.

Markets

First Mover: Bitcoin's Failure to Break $20K Shows Big Investors Only Just Arriving

Institutional adoption is the buzzword du jour, probably a factor in bitcoin's price rally close to $20,000, and not even really happening yet.

By Bradley Keoun, Omkar Godbole, Sebastian SinclairDec 1, 2020

Cryptocurrency analysts were assessing the fallout as bitcoin retreated from a new all-time high price.

Markets

First Mover: You Call That a Record? Bitcoin's November Gains Are 3x Stock Market's

It's no longer really news when bitcoin outperforms traditional markets, but November could prove a crucial month for the largest cryptocurrency.

By Bradley Keoun, Omkar Godbole, Sebastian SinclairNov 30, 2020

As stock-market prices climb ever higher, bitcoin is towering above them and proving resilient.