Markets


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Bitcoin Holds Firm Above $10K but Strong Bounce Proves Elusive

Bitcoin is trapped in the narrow range of $10,000 to $10,500, but on-chain metrics hint at a rally revival ahead.

Bitcoin prices since Monday (CoinDesk BPI)

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Ether Traders May Be Hedging Against DeFi Slowdown: Analyst

Some are calling the white-hot Defi space a bubble that is unsustainable.

(Javier Crespo/Shutterstock)

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First Mover: Bitcoin Acts Like a Tech Stock and Ethereum Classic Traders Shrug Off 51% Attacks

Market onlookers are scrabbling for a new narrative as some argue last week's tech rout might explain bitcoin's latest price drop.

The Nasdaq is the primary venue for U.S.-listed tech stocks (Shutterstock)

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Bitcoin's Correlation With Gold Hits Record High

Bitcoin is now more closely tied to safe haven gold than ever.

(dario hayashi/Shutterstock)

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Bitcoin Options Suggest Investors Hedging but Still Long-Term Bullish

Bitcoin's options market retains long-term bullish bias despite the recent price pullback, data shows.

Taking the long view (PanyaStudio/Shutterstock)

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Investors Buying Bitcoin Amid Price Slump to Near $10K, Data Shows

Despite bitcoin shedding over $2,000 in the last few weeks, the "buy the dip" mentality in the market still appears strong.

Prices have shed over $2,000 since Aug. 17 (CoinDesk BPI)

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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)

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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

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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)

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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)

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