Market Wrap


Markets

Wild Bitcoin, Ether Price Swings Amid Spot ETH ETF Decision Trigger $350M Liquidations

U.S. regulators approved listing spot ETH ETFs but have not yet cleared to trade.

Ether (ETH) price on May 23 (CoinDesk)

Markets

Bitcoin Drops Below $68K, Ether Slumps in Sudden Crypto Sell-Off as ETH ETF Decision Looms

The sell-off was broad-based, with DOGE, SHIB, AVAX, LINK diving more than 4% in less than an hour.

Bitcoin (BTC) price on May 23 (CoinDesk)

Markets

Bitcoin Hits $66K as Soft Inflation Data Sparks Crypto Rally

Sluggish U.S. retail sales and softer inflation reports have opened the way for the next leg up in the crypto rally, Swissblock said.

Bitcoin price on May 15 (CoinDesk)

Markets

Bitcoin Slips to $63K as Crypto Market Faces More U.S. Regulatory Pressure

Despite the recent bounce, the correction isn't over, said one technical analyst, expecting bitcoin to fall to the low-mid $50,000 area before rallying to new all-time highs.

Bitcoin price on May 6 (CoinDesk)

Markets

Bitcoin Hits $62K as Cryptos Bounce; Correction Likely Over But Expect a 'Slow Grind Higher,' Arthur Hayes Says

Bitcoin will likely trade in a range between $60,000 and $70,000 through the next few months, the former BitMEX CEO said.

Bitcoin price on May 3 (CoinDesk)

Markets

Bitcoin Tumbles Below $60K, Risking Deeper Pullback as Crypto Markets Endure Worst Month Since FTX Crash

Recent U.S. economic data could prompt more hawkish forward guidance from the Federal Reserve.

Bitcoin price in April (CoinDesk)

Markets

Bitcoin Wavers Around $63K, Awaiting Hong Kong Spot Crypto ETF Debut

Despite muted anticipation for the new products, an executive of one of the issuers reportedly expects that the first-day issuance of the Hong Kong offerings will exceed the U.S. debut in January.

Bitcoin price on April 29 (CoinDesk)

Markets

Bitcoin Chops Around $64K, With Japanese Yen's Tumble Maybe Signaling 'Currency Turmoil,' Analyst Says

The yen's volatile episode may spread to other fiat currencies as U.S. rate cuts remain elusive amid sticky inflation, which could drive investors to gold and bitcoin, Noelle Acheson said in an interview.

Bitcoin price on April 26 (CoinDesk)

Markets

Bitcoin Dips to $63K as Rate Cut Hopes Dim Following Disappointing U.S. Inflation Report

Increasing concerns about sticky inflation hit risk assets across all markets, cryptos included.

Bitcoin price on April 25 (CoinDesk)

Markets

Bitcoin Eyes $67K After Halving as Altcoins Primed for Short Squeeze, Hedge Fund Says

Crypto-focused stocks also bounced higher, led by bitcoin miners Riot Platforms and Hut 8.

Bitcoin price on April 22 (CoinDesk)