Bitcoin


Markets

First Mover: Buying Bitcoin's Dip, Betting Against Tether and Weighing the Jobs Report

Crypto traders appeared to be buying the dip after Thursday's 11% plunge. ALSO: There's a contract for that: How to hedge Tether's credit risk.

There's now a credit-default swap contract on Tether, allowing traders to bet on the credit risk inherent in the dollar-linked stablecoin. (Thomas Rowlandson/Metropolitan Museum of Art, modified by CoinDesk)

Markets

V-Shaped Recovery From Bitcoin's Biggest Drop Since March Unlikely, Say Analysts

Despite a slight bounce Friday morning, some analysts don't expect bitcoin to chart a quick recovery from the double-digit price drop over the last two days.

coindesk-BTC-chart-2020-09-04

Markets

Market Wrap: Bitcoin Tanks to $10.4K; ETH Market Dominance at 2020 High

Bitcoin’s price is dipping while ether’s share of the crypto market is at a level not seen since 2018.

CoinDesk 20 Bitcoin Price Index

Markets

3 Reasons Bitcoin Just Tanked Below $11K for First Time in a Month

Cryptocurrency analysts attributed the drop to a combination of risk-off sentiment in traditional markets, DeFi exhaustion and miner selling.

Bitcoin price chart versus ether and the S&P 500. (TradingView)

Markets

First Mover: As Bitcoin Falls for Second Day, Long-Term Holders Probably Won't Care

The growing number of long-term bitcoin investors might be the cryptocurrency's most simple bullish indicator – more so than "600,000 asteroids."

The simplest bitcoin analysis might just be the number of investors holding for a year or more. (401(K) 2013/Creative Commons, modified by CoinDesk)

Markets

Bitcoin Plunges $403 in 1 Hour to Lowest in a Month

The price plunge came after reports traders were selling an elevated level of bitcoin to exchanges for potential liquidation.

Bitcoin hourly price chart. (TradingView)

Markets

Bitcoin Risks Deeper Price Pullback as Exchange Inflows Spike

Wednesday saw a flurry of deposits onto exchanges, indicating some investors are trying to offload their bitcoin. That could further propel prices downwards.

Bitcoin prices Sept. 1-3 (CoinDesk BPI)

Markets

Market Wrap: Bitcoin Falls to $11.1K; Ethereum Miners at Record Fee Percentage

The bitcoin market went bearish as the price dipped while DeFi fees as a percentage of revenue for Ethereum miners is at an all-time high.

CoinDesk 20 Bitcoin Price Index

Markets

Around the Crypto World in 15 Charts: CoinDesk Research's August Review

In 15 charts, the CoinDesk Monthly Review for August details BTC's performance, its relationship to fiat currencies and Ethereum’s growing congestion problem.

Aug ethereum tx 2

Markets

First Mover: Bitcoin Tumbles, Bithumb Reportedly Raided, Uniswap Challenges Coinbase

Bitcoin is down amid negative news from South Korea, but Uniswap has shot to the top of the DeFi rankings.

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