Market Wrap


Mercados

Bitcoin Briefly Tops $49K Before Selling Off as ETF Trading Frenzy Commences

Cryptocurrency-focused stocks such as Coinbase and bitcoin miners are also down significantly since Thursday's market open.

Bitcoin price index (CoinDesk)

Mercados

BTC Blasts Past $47K as Bitcoin ETF Excitement Gets Feverish

Bitcoin could rally 10%-15% more in case the SEC approves spot bitcoin ETFs, LMAX strategist Joel Kruger noted.

Bitcoin price today (CoinDesk)

Mercados

Bitcoin at Risk of Snapping Historic Winning Streak, but 'Perfect Storm' Brews for a Strong 2024

Market participants expect interest rates to fall "aggressively" in the U.S., U.K. and Europe for the next couple of years, which is more beneficial for risky assets, OANDA's Craig Erlam said in an interview with CoinDesk TV.

Bitcoin price this week (CoinDesk)

Mercados

Bitcoin Bounces Over $43K, Altcoins, Crypto Stocks Burst Higher as Fed Projects Rate Cuts Next Year

Cardano's ADA, Avalanche's AVAX and Injective's INJ tokens led altcoin gains as risk assets rallied on dovish Fed.

Bitcoin price today (CoinDesk)

Mercados

Bitcoin Halts at $41K as Traders Eye Fed Rate Decision; AVAX Flips Dogecoin as Altcoins Jump

Investors will monitor Fed Chair Jerome Powell's press conference Wednesday for signs of potential rate cuts next year.

Bitcoin price today (CoinDesk)

Mercados

Bitcoin Dips 7% to Near $40K; Pullback Will Be Short-Lived, Say Experts

"Corrections shake out 'weak hands' and leverage, allowing for a stronger foundation for eventual moves higher," said well-followed analyst Will Clemente.

Bitcoin price today (CoinDesk)

Mercados

Coinbase, MicroStrategy, Marathon Stocks Buckle 5%-10% as Bitcoin Tumbles Below $42K

A "flash crash" in thin trading Sunday evening, saw bitcoin's price plunge nearly 10% from the $44,000 level in the space of a few minutes.

MicroStrategy Executive Director Michael Saylor (CoinDesk)

Mercados

Cardano Jumps 20% as Analyst Eyes Bitcoin Pullback to $40K to 'Fill CME Gap'

Market observers "underappreciate" future inflows from institutional investors to bitcoin, asset 21.co CEO said in a CoinDesk TV interview.

Cardano ADA price (CoinDesk)

Mercados

Ether, Solana Hit 19-Month Highs as Bitcoin Rally Halts with Traders Fearing 'Bull Trap'

BitMex founder Arthur Hayes speculated about SOL hitting near $100 in a bullish weekend for altcoins.

Solana price (CoinDesk)

Mercados

Bitcoin Blasts to $44K on Coinbase, Could Run Toward $48K Resistance: LMAX Analyst

The sharp move higher from $42,000 Tuesday prompted $73 million in liquidations, mostly from leveraged positions betting on lower prices.

Bitcoin price is up almost 5% over the past 24 hours (CoinDesk)