Market Wrap


Markets

Bitcoin Tops $67K as Cryptos Rally Amid Global IT Outage; Solana's SOL Leads Altcoins

Friday's crypto rally defied past days' correlation with U.S equities, which continued their losing streak.

Bitcoin price on July 19 (CoinDesk)

Markets

Bitcoin Slumps Towards $63K as Speculation About Biden Dropout Intensifies

As the odds for Joe Biden pulling out of the presidential race soared over the past day, the chances of victory for the now crypto-friendly Donald Trump slipped on prediction market Polymarket.

Bitcoin (BTC) price on July 18 (CoinDesk)

Markets

Bitcoin Dips Below $64K as U.S. Equity Selloff Stalls Crypto Rebound

A stock market correction is the biggest risk for the crypto market, but a renewed downturn would be a buying opportunity, an LMAX Group strategist said.

Bitcoin price on July 17 (CoinDesk)

Markets

Bitcoin Hits $65K Shaking Off Mt. Gox Payout Worries; XRP Leads Crypto Rally

The Mt. Gox distribution will not end the bullish trend, CryptoQuant's CEO noted.

Bitcoin price on July 16 (CoinDesk)

Markets

Bitcoin Rebounds Toward $60K, but Choppiness Likely to Persist: Analysts

The market will have to absorb $4 billion to $7 billion of bitcoin selling pressure throughout the middle of the year, which will weigh on prices, K33 Research said.

Bitcoin (BTC) price on July 9 (CoinDesk)

Markets

DeFi Tokens Plunge 10%-20%, Led by Pendle Amid Weak Crypto Price Action This Week

Pendle has recently lost $3 billion of its TVL with the June expiry as a result of diminishing airdrop farming hype and lower yields amid muted crypto activity.

CoinDesk DeFi Index

Markets

Bitcoin Bounces to $67K with BTC Miners Rallying 5%-10%; XRP Leads Altcoins

As bitcoin's volatility is nearing historically low levels, the crypto market is in need of news or catalysts to bring traders to action, one market participant noted.

Bitcoin price on June 17 (CoinDesk)

Markets

Bitcoin Plunges to $65K, Altcoins Bleed 10%-20% as Week Turns Ugly

Some $180 million of leveraged derivatives positions were liquidated across all crypto assets during the shake-out, CoinGlass data shows.

Bitcoin price on June 14 (CoinDesk)

Markets

Assured Spot Ether ETF Approval Fails to Stir Slumping Crypto Market

SEC Chair Gary Gensler said he expected the new vehicles to have won full regulatory approval by the end of the summer.

Bitcoin on 6/13 (CoinDesk)

Markets

Bitcoin Pullback to $66K Triggers $250M in Crypto Liquidations as Traders Brace for 'Wild Wednesday' of FOMC, CPI Report

Tomorrow's Fed "dot plot" of interest rate projection and forward guidance by Chairman Powell will be key for what's next for the digital asset market, K33 Research said.

Bitcoin price on June 11 (CoinDesk)