Market Wrap


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First Mover Asia: Bitcoin Falls After Edging Toward $50K; Altcoins Rally

Polygon and terra continued as market stars on Wednesday; ether drops slightly.

SEASIDE HEIGHTS, NJ - NOVEMBER 25:  A roller coaster sits in the ocean after the Casino Pier collapsed when Superstorm Sandy hit, on November 25, 2012 in Seaside Heights, New Jersey. Mayor Bill Akers has asked the Coast Guard to find out whether the coaster is structurally stable, adding that it would make a great tourist attraction.  (Photo by Mark Wilson/Getty Images)

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Market Wrap Year-End Review: Bitcoin Peaks as Coinbase Goes Public

Tesla’s bitcoin acceptance helped to send the BTC price to an all-time high near $65,000 in April, almost unthinkable just a few months earlier. Coinbase’s direct stock listing marked the exact date of the market top.

The peak of the bitcoin market in April 2021 perfectly coincided with the elevated hype surrounding the Coinbase direct stock listing. (William Henry Jackson/Art Institute of Chicago, modified by CoinDesk)

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Market Wrap Year-End Review: Musk Pumps Bitcoin and Dogecoin

Dogecoin pumped along with bitcoin thanks to some high profile tweets.

Image posted on Feb. 4, 2021, by Elon Musk's Twitter account. (@elonmusk/Twitter, modified by CoinDesk)

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Market Wrap Year-End Review: Bitcoin Starts Off in a Frenzy

In this first episode of Market Wrap’s review of crypto markets in 2021, we recall the powerful rally that ushered in the new year. Retail traders piled in, even as some institutional investors sounded warnings about rampant speculation.

Chicago Board of Trade traders, 1949 (Stanley Kubrick via Wikimedia Commons)

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Market Wrap: Bitcoin Options Lean Bearish as Some Altcoins Outperform

BTC is slightly lower over the past week compared with a 5% rise in Solana’s SOL token and a 38% rise in Avalanche’s AVAX.

brown bear (Fabe collage, Unsplash)

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Market Wrap: Altcoins Outperform as Ether Rises Toward $4K

Bitcoin was down about 2%, while ether was roughly flat over the past 24 hours compared with a 4% rise in SOL and a 7% rise in LUNA.

Bitcoin dominance rate declined as altcoins outperformed (Damanick Dantes/CoinDesk, TradingView)

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Market Wrap: Bitcoin Bounces After Fed Decision; Analysts Expect Sideways Trading

Bitcoin is up about 3% over the past 24 hours, compared to a 4% rise in ether and a 14% rise in Solana’s SOL token.

Federal Reserve building (Paul Brady Photography/Shutterstock)

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Market Wrap: Cryptocurrencies Stabilize as Traders Await the Fed

Analysts are cautious about crypto prices as risk appetite wanes.

Shutterstock

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Market Wrap: Altcoins Underperform as Bitcoin Dips Below $48K

Bullish sentiment continues to fade ahead of tomorrow’s U.S. Federal Reserve meeting.

Bitcoin 24 hour price chart (CoinDesk)

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Market Wrap: Cryptocurrencies Stabilize as Some Traders Buy the Dip

The bitcoin Fear & Greed index is at the lowest level since late July, which preceded a price recovery.

Shutterstock