galen-moore

New data on bitcoin whales, or BTC addresses with balances greater than $10 million, reveals the potential factors keeping bitcoin and the wider crypto markets rangebound. "All About Bitcoin" host Galen Moore breaks down the Chart of the Day.

Dec 29, 2021

New data reveals the supply of bitcoin held by long-term holders peaked around the end of October and has declined significantly since. This comes as bitcoin held on exchange has been at an all-time low. Both metrics suggest while bitcoin dips, it's not yet at a point where there is a rush to sell. "All About Bitcoin" host Galen Moore breaks down the Chart of the Day.

Dec 28, 2021

McKeever (Mac) Conwell, founder & managing partner of RareBreed Ventures, a pre-seed fund that invests in founders outside of large tech, shares insights into his crypto investing strategy and what he's continuing to watch. Plus, his bitcoin markets outlook for 2022.

Dec 28, 2021

The Federal Reserve said Wednesday it would see three interest rate hikes in 2022 and accelerate the pace of its tapering of bond purchases to combat inflation. CoinDesk’s Director of Professional Content, Galen Moore, discusses the potential impact of the Fed announcement as possible headwinds for bitcoin and the wider crypto markets.

Dec 15, 2021

The House Financial Services Committee convened Wednesday morning with executives from six major cryptocurrency companies to discuss digital assets and stablecoins. CoinDesk's Galen Moore shares insights into the main takeaways and reactions to Bitfury CEO Brian Brooks making a case for decentralization.

Dec 8, 2021

CoinDesk Director of Professional Content Galen Moore shares insights into how bitcoin has performed since Black Friday when it declined by more than 8% following news of the COVID-19 strain Omicron. Why are the returns for ETH outpacing BTC, S&P 500, and DeFi?

Dec 1, 2021

CoinDesk's Galen Moore discusses what to make of bitcoin's price trajectory as the cryptocurrency is holding support above its 100-day moving average of $53,700. Plus, potential headwinds out of India amid talks of a bill banning cryptocurrencies in the country, and reactions to Salvadoran Ambassador to U.S. saying bitcoin challenges the U.S.' monetary authority.

Nov 29, 2021

Bitcoin is stabilizing around the $60,000 support level after declining about 15% from an all-time high near $69,000. CoinDesk Director of Data and Indexes Galen Moore discusses the macro factors that may be impacting the price of bitcoin and the wider crypto markets. Plus, his views on shifting global risk appetites towards cryptocurrencies.

Nov 17, 2021

Bitcoin rises to a fresh all-time high after the U.S. Bureau of Labor Statistics releases the October consumer price index (CPI) number, the highest since 1990. CoinDesk's Galen Moore discusses why the inflation increase "would be good for bitcoin," adding "[inflation] tends to seem to drive bitcoin and the stock market apart." Plus, reasons behind Coinbase's user numbers and revenue decline for the third quarter.

Nov 10, 2021

Following the latest announcement from the Federal Reserve to start tapering bond purchases later this month, ether has jumped to a new all-time high, surpassing $4,650. CoinDesk's Galen Moore discusses his assessment of ETH, the correlation between bitcoin's 90-day daily returns and the S&P 500, and Direxion withdrawing its SEC application to launch a short bitcoin futures ETF.

Nov 3, 2021