Markets | CoinDesk

First Mover: Bitcoin Rises More in One Day Than Stocks Have Gained All Year

Bitcoin prices surged 5% Wednesday, outpacing stocks and gold amid calls for more government stimulus to stem the fallout from the coronavirus pandemic.

By Bradley Keoun, Omkar GodboleAug 6, 2020

Bitcoin's year-to-date returns versus gold and the S&P 500. (TradingView)

Markets

Bitcoin Price Rises 3% as Gold Trades Above $2K for First Time

Bitcoin is again acting like a macro asset, drawing bids amid record rally in gold and broad-based U.S. dollar sell-off.

By Omkar GodboleAug 5, 2020

Bitcoin (white) and gold (red) on Aug. 5. (TradingView)

Markets

First Mover: Ethereum’s Transition to Staking Could Push More Traders to Use Derivatives

As Ethereum starts its multiyear transition to a "staking" network, analysts say a reduction in token liquidity may push traders to derivatives markets.

By Omkar Godbole, Sebastian SinclairAug 5, 2020

Markets

First Mover: As Fed Nears Inflation Rubicon, Analysts See $50K Bitcoin in Play

The Federal Reserve appears ready to pursue yet another untested strategy that could ultimately boost inflation – and possibly prices for bitcoin.

By Bradley Keoun, Omkar GodboleAug 4, 2020

Markets

Bitcoin Futures Interest Soars as Bond Yields Fall to Record Lows: Industry Exec

Surging open interest in crypto derivatives suggests investors are seeking alpha in other investments, like bitcoin, said the co-founder of an index fund provider.

By Omkar GodboleAug 4, 2020

CME trading floor (Joseph Sohm/Shutterstock)

Markets

First Mover: July Was a Runaway Month for Crypto Returns

Crypto traders didn't have to be choosy to make money in July, when every digital asset in the CoinDesk 20 rose (except, of course, for the stablecoins).

By Bradley Keoun, Omkar GodboleAug 3, 2020