Bitcoin Compared to Ether, Solana and Doge
2022’s first Chart of the Day analyzes the movement of decentralized finance (DeFi) assets over the last seven days, looking closely at BTC, ETH, SOL, and DOGE compared to the CoinDesk DeFi Index (DFX). DeFi assets in the DFX started the new year off with a rally opposed to cryptocurrencies.
How Has Bitcoin Changed Since the Genesis Block 13 Years Ago?
Bitcoin's hashrate mints a new all-time high as the network celebrates its 13th anniversary of the Genesis Block. Quantum Economics analyst Jason Deane says 200x to 250x of hashrate could be added to the Bitcoin network in 2022. He also discusses the "astronomical" investment in mining equipment right now and his bullish predictions for 2022.
SEC Rejects Kryptoin Bitcoin ETF Proposal
The U.S. Securities and Exchange Commission (SEC) has rejected investment firm Kryptoin’s proposal for a spot bitcoin exchange-traded fund (ETF). This follows the disapproval of a similar application by global investment manager VanEck. CoinDesk's Brad Keoun provides insights on what this means for Grayscale Bitcoin Trust (GBTC) and where the market is headed.
BTC Trading Volumes Decreasing as the Holidays Approach
New data on prospects of a “Santa Rally” reveals bitcoin trading volumes on several major centralized exchanges remain low in advance of the holiday season. Plus, bitcoin’s volatility may escalate in the coming weeks as leverage in the BTC market increases. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Week in Review: Bitcoin and Stocks Both Up, Global Interest Rates React on Omicron
CoinDesk Markets Managing Editor Brad Keoun discusses the year-to-date returns for cryptocurrency and the stock market, highlighting the positive correlation between bitcoin and the S&P 500. Plus, a look into Ethereum’s exponential growth and how central banks across the globe are handling interest rates in wake of the Omicron variant.