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Bitcoin's 'Ichimoku Cloud' Suggests Further Drop Toward $24K: Valkyrie Investments
According to a technical analysis by alternative asset management firm Valkyrie Investments, bitcoin's recent price slide may have legs and the largest cryptocurrency by market cap could see a further decline toward $24,000 as BTC's daily chart Ichimoku Cloud, a momentum indicator, has flipped bearish. CoinDesk's Jenn Sanasie presents "The Chart of the Day."

U.S. Debt Ceiling Deal Could Bring Pain to Crypto Market, Some Analysts Say
As the deadlock in negotiations to raise the U.S. government's debt limit keeps markets tentative, some analysts have gone against consensus, warning that a possible deal could weigh on the price of bitcoin (BTC). CoinDesk's Jenn Sanasie presents "The Chart of the Day."

Glassnode Data Reveals One Million Individual Wallets Now Hold a Whole Bitcoin
Individual wallets holding at least one bitcoin (BTC) set a milestone figure earlier this week, suggesting long-term sentiment for the tokens remains intact even as broader markets weigh down bitcoin prices. CoinDesk Senior Research Analyst George Kaloudis presents "The Chart of The Day."

Long-Term Bitcoin Holders Accumulating at Fastest Pace Since October 2021
Long-term bitcoin (BTC) investors are accumulating tokens at the fastest pace since October 2021 as the largest cryptocurrency's price declines, decoupling it from the continued uptick in Wall Street's tech-heavy index Nasdaq. "All About Bitcoin" host George Kaloudis breaks down "The Chart of The Day."

Bitcoin Price Swings Following Release of U.S. Inflation Data
Bitcoin (BTC) is teetering after Wednesday morning’s Consumer Price Index (CPI) report, released by the Bureau of Labor Statistics, showed that annual inflation slowed to 4.9% in April from 5% in March and less than the forecast 5%. CoinDesk Senior Research Analyst George Kaloudis presents “The Chart of The Day.”

Bitcoin Trades at Nearly $650 Premium on Binance.US
The gap between bitcoin's price in U.S. dollars on Binance U.S and the price on digital assets exchanges like Binance and Coinbase has widened sharply this month, causing unease among crypto commentators and Twitter users. TradingView data shows that on 09:26 UTC Tuesday, the BTC/USD pair listed on Binance.US traded at a nearly $650 premium to its Coinbase-listed counterpart and Binance's bitcoin-tether pair (BTC/USDT). CoinDesk Senior Research Analyst George Kaloudis presents "The Chart of The Day."

Bitcoin 'Hashprice' Skyrockets in Last 24 Hours: Luxor
According to Luxor, a bitcoin mining company, the hashprice has skyrocketed. In the last 24 hours, the hashprice, Luxor's measurement of profitability for bitcoin miners, rose from $90 to $125. CoinDesk Senior Research Analyst George Kaloudis analyzes how high transaction rate fees contribute to this growth in “The Chart of The Day.”

Bitcoin's Average Transaction Fee Jumps: Data
On Wednesday, the average fee per Bitcoin transaction rose to $7.25, the highest since July 2021. For comparison, the rate so far this year has fluctuated between roughly 50 cents and $4, data from BitInfoCharts shows. CoinDesk Senior Research Analyst George Kaloudis presents “The Chart of The Day.”

Bitcoin's Dominance Rate Jumps After U.S. Banking Jitters
According to TradingView data, bitcoin's (BTC) dominance rate, measuring the cryptocurrency's share in the broader market, has risen sharply since the onset of the ongoing U.S. banking sector instability almost two months ago. CoinDesk Senior Research Analyst George Kaloudis presents "The Chart of The Day."

Bitcoin Ordinals Climb to 3M Inscriptions: Dune Analytics
The number of non-fungible tokens (NFT) tied to the Bitcoin blockchain surged above 3 million earlier this week after a one-day spike in activity that mainly consisted of text-based assets, data from Dune Analytics shows. CoinDesk Senior Research Analyst George Kaloudis presents “The Chart of The Day.”
