Markets


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Ether Options Market Sees Record Open Interest of $3B

Market activity is surging as the Ethereum blockchain's native cryptocurrency rises to fresh all-time high prices.

Open interest is surging in Ether options.

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BTIG Initiates Coinbase Coverage With $500 Price Target

BTIG expects COIN to reach $500, calling it the "gold standard among digital asset exchanges."

Coinbase CEO Brian Armstrong opposes the infrastructure bill's tax provision.

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Bitcoin Struggles Around All-Time High Resistance; Support Within Reach

BTC buyers take profit, but selling should be limited around $61K support.

Hourly BTC chart shows support and resistance levels with RSI.

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Bitcoin in Stasis as Crypto Bull Mike Novogratz Warns of Market Washout

Bitcoin takes a breather as billionaire investor Mike Novogratz warns of market correction.

Michael Novogratz of Galaxy Digital

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DeFi Token YFI Rises Above $50K for the First Time Since February

A "Buy Back and Build" proposal approved in January aims to bolster the project's treasury and generate value for all stakeholders.

Train

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$623M in Bitcoin From 2016 Bitfinex Hack Moved Under Cover of COIN Hype

But the impact on the market may be little.

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Coinbase Direct Listing Gets $100B+ Valuation as Share Price Jumps in Nasdaq Debut

The Coinbase listing is seen as a watershed moment for the cryptocurrency industry.

Coinbase CEO Brian Armstrong. (CNBC, modified by CoinDesk)

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Bitcoin Uptrend Intact as HODLers Seem Less Tempted to Sell

Long-term BTC hodlers are less tempted to sell relative to prior bull markets, according to data from Glassnode.

The term "HODL" is crypto-industry slang for the practice of holding tokens for the long term.

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DOGE Rides Crypto Wave to New All-Time High Prior to Coinbase Nasdaq Listing

Dogecoin doesn't trade on Coinbase but it has rallied ahead of the exchange's shares trading on the Nasdaq.

Dogecoin price on CoinDesk 20

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What Would Biden’s Tax Hikes Mean for Bitcoin?

Tax hikes could encourage profit taking in cryptocurrencies, but some investors remain bullish as ongoing stimulus could trigger inflation.

President Joe Biden meets Monday with members of Congress on his infrastructure and jobs plan.

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