Markets


Markets

Blockchain Indicator Suggests Bitcoin Could Be Close to Bottoming Out

Bitcoin looks undervalued relative to the annualized dollar value of coin dormancy.

Bitcoin's entity-adjusted dormancy flow drops under $250,000, indicating a price bottom ahead (Glassnode)

Markets

Short Traders Lose $82M as Bitcoin Bounces to $43K

A little over $25 million of the losses came from bitcoin-tracked futures as inflation reassurances by the Fed caused a recovery in prices.

Bitcoin prices spiked after comments from Fed Chair Jerome Powell. (TradingView)

Markets

Near, Cosmos Defy Altcoin Plunge With Price Surge

Tokens of the layer 1 blockchains were up as much as 25% while the broader market took a beating.

CoinDesk placeholder image

Markets

Bitcoin’s Near 40% Slide Weighs on Crypto Stocks While Coinbase Outperforms

Some institutions use crypto equities as a proxy for cryptocurrencies, one value investor said.

Crypto stocks tank along with bitcoin (CoinDesk, TradingView)

Markets

Olympus Tanks 30% Led by Liquidations on Fuse, Souring Market Sentiment

Tokens of the decentralized money market were one of the biggest losers on Tuesday, reaching prices last seen in May 2021.

Greek Hero. Credit: Shutterstock

Finance

Bitcoin’s Slump Is Good for Crypto Miners in Long Term, Jefferies Analyst Says

A lower bitcoin price will deter new entrants and help incumbents gain market share.

Bitcoin's price slump creates a barrier to entry for new miners. (S. Hermann & F. Richter/Pixabay)

Markets

Bitcoin Dips Below $40K as ‘Death Cross’ Looms on Price Charts

The past record of the “Death Cross” as an indicator of deeper drawdowns is mixed.

Bitcoin's previous death cross was a bear trap (TradingView)

Markets

Bitcoin Snaps 6-Day Losing Streak, Holds Above $40K

The price appears to have stabilized after a nearly weeklong downdraft that marked one of the cryptocurrency’s worst-ever starts to a year.

Bitcoin's daily price chart shows the cryptocurrency rebounding after a six-day losing streak. (TradingView/CoinDesk)

Markets

Bitcoin Falls Toward $40K, Racks Up Longest Losing Streak Since 2018

Cryptocurrency analysts had warned of the possibility of a steeper sell-off, and now traders are wondering when and where the market shakeout might end.

Bitcoin's daily price chart shows the decline toward $40,000 after a seven-day losing streak. (TradingView/CoinDesk)

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