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Markets
Nov. 22, 2024

Bitcoin Nears $100K, With Crypto Market Cap at Record $3.4T

Bitcoin (BTC) is close to reaching $100,000, with prices hovering just over $99,000 after a recent spike. U.S. spot BTC ETFs have seen over $1 billion in net inflows, with BlackRock’s IBIT leading at $600 million. While there's strong demand a...
Markets
Nov. 22, 2024

XRP Price Surges 25% as Headwinds for Ripple Clear Even More

XRP zoomed as Gary Gensler’s announcement of stepping down in January as chairman of the U.S. Securities and Exchange Commission (SEC) kept a multiweek bullish trade going. XRP prices surged 25% in the past 24 hours, with most of the gains i...
Markets
Nov. 22, 2024

Solana's SOL Surges to Record High Above $260

Continuing a massive comeback from a crypto winter price collapse of more than 95%, {{SOL}}, the native token of the Solana blockchain, has shattered its all-time high reached in October 2021. At press time, SOL was trading just above $263, high...
Markets
Nov. 21, 2024

Bitcoin Futures Smash Through $100K Barrier on Deribit

Deribit's BTC futures expiring in March, June and September 2025 trade above $100,000. BTC call option at the $100,000 strike now boasts an open interest of over $2 billion. Bitcoin {{BTC}} futures have surged past the $100,000 price mark on ...
Markets
Nov. 21, 2024

Bitcoin Nears $97K, Continuing Wild ‘Trump Trade’ Rally

Bitcoin (BTC) momentum shows no signs of slowing as a rally catalyzed by a Republican win earlier this month keeps on going, pushing the asset above $95,000 for the first time earlier Thursday. BTC traded above $96,500 in early Asian hours, less...
Markets
Nov. 20, 2024

The Subtle Way AI Data Centers Boost Bitcoin Mining Economics

The rapid proliferation of AI data centers may have a positive impact on the bitcoin mining industry. AI data centers are just as hungry for cheap energy as miners are, so they reduce the number of new mines being spun up. Down the line, cheap...
Markets
Nov. 20, 2024

Memecoin Launchpad GraFun Expands to Ethereum to Clinch New Users

Expanding to Ethereum will help GraFun capture newer audiences, tap into higher liquidity for meme issuances and increase the platform’s visibility among crypto traders. GraFun uniquely offers a “Fair Curve” model that developers say minimizes ...
Markets
Nov. 20, 2024

Robinhood Is the Top Crypto Deregulation Trade, Bernstein Says

Robinhood is expected to benefit the most from crypto deregulation in the U.S., the report said. Bernstein raised its price target for the trading platform to $51 from $30. The company's acquisition of crypto exchange Bitstamp is expected to b...
Markets
Nov. 20, 2024

Dogecoin, XRP Trading Volumes Flip Bitcoin’s in South Korea

XRP and Dogecoin (DOGE) have seen significantly higher trading volumes than Bitcoin on South Korean exchanges like Upbit and Bithumb. XRP and DOGE have experienced over 100% price increases in the past two weeks, driven by factors like favorabl...
Markets
Nov. 19, 2024

Rumble Stock Rises as CEO Teases Bitcoin Adoption

Video-sharing platform Rumble (RUM) is moving higher during afternoon U.S. trading hours on Tuesday after CEO Chris Pavlovski suggested an interest in adopting a bitcoin {{BTC}} treasury strategy. "Should Rumble add Bitcoin to its balance sheet,...
Markets
Nov. 19, 2024

Dueling 'Eliza' AI Tokens Boom and Zoom in Frenzied Trading

Artificial Intelligence (AI) might one day be humanity's downfall, but in the meantime, humans are doing a pretty good job marketing it for their profit. The creators of crypto's latest AI darling project, "ai16z" (a cheeky riff on the prolific ...
Markets
Nov. 19, 2024

Ethereum's Ether Has Fallen Out of Investor Favor and How

ETH's options-based probability density function shows just a 10% chance of prices testing the year-to-date high of $4,000 by the end of December. ETH faces headwinds from weak fundamentals. Ethereum's ether {{ETH}}, once viewed as the shiny ...
Markets
Nov. 18, 2024

First Mover Americas: Solana Breaks Out to New Cycle Highs

This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk 20 Index: 2,927.56 ...
Markets
Nov. 18, 2024

MARA to Offer $700M Convertible Senior Note, Shares Fall 5%

MARA holdings announce a private offering of $700 million in convertible senior notes due 2030. MARA intends to use up to $200 million of the proceeds to repurchase a portion of its outstanding 2026 convertible notes. The offering includes an ...
Markets
Nov. 18, 2024

Missed BTC Rally to $93K? Bitcoin Memecoins Could Be Next to Watch

Memecoins like PUPS, DOG•GO•TO•THE•MOON, and BILLION•DOLLAR•CAT are becoming popular beta bets for Bitcoin's growth. The Runes protocol, which facilitates the creation of fungible tokens directly on Bitcoin using its UTXO model, has overtaken B...
Markets
Nov. 18, 2024

CAT Token Expands to Solana, Setting Up Long-Term Bullish Move

CAT, the memecoin linked to Simon's Cat, is expanding to the Solana blockchain to tap into its active trading community. A vault provides early access to BONK token holders who have locked their tokens for 12 months. Solana's ecosystem has bec...
Markets
Nov. 17, 2024

XRP Sees Record Futures Bets Amid Price Surge Above $1.20

Regulatory clarity and upcoming technical changes are spurring growth in XRP-tracked futures, with open interest zooming to record highs on Saturday as prices spiked more than 20% over 24 hours. XRP and U.S. dollar-denominated open interest are ...
Markets
Nov. 15, 2024

This OG Bitcoin Investor Just Turned $120 Into $178M

A bitcoin {{BTC}} whale moved 2,000 BTC, worth $178 million, to Coinbase after holding their stash since 2010, Mempool data shows. The user first received BTC in 2010, when the asset was worth just $0.06 per coin and had a market cap of arou...
Markets
Nov. 15, 2024

First Mover Americas: Bitcoin Shaky as Traders Bank Profits

This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk 20 Index: 2,691.86 ...
Markets
Nov. 12, 2024

Dogecoin Rockets 48% as Traders Target $1 Price Next

The memecoin led gains among crypto majors, outperforming the other top 100 tokens. The jump led to crypto traders losing over $68 million on DOGE-tracked futures. Dogecoin {{DOGE}} continued its strong rally for the fourth-straight day with ...
Markets
Nov. 11, 2024

Bitcoin Climbs Above $84K, Adds Almost $20K in a Week

Bitcoin climbs above $84,000 as it continues to hit new all-time highs following the result of the U.S. elections. Gold and the so-called magnificent seven tech stocks are underperforming. Bitcoin {{BTC}} climbed above $84,000 Monday as it ex...
Markets
Nov. 11, 2024

Bitcoin Nears $82K in Bullish Start to Week; Dogecoin Flips USDC

Bitcoin surpassed the $81,000 mark, driven by a continuous rally, high trading volumes over the weekend, and bullish futures market activity, with traders betting on further increases. Dogecoin and Shiba Inu led the gains among major cryptocurr...
Markets
Nov. 10, 2024

Dogecoin Flips XRP as Elon Musk-Linked Trade Keeps on Giving

Dogecoin (DOGE) flipped xrp (XRP) early Sunday as bullish sentiment around the meme’s endorsement by technology entrepreneur Elon Musk in the Trump administration pushed prices 14% higher in the past 24 hours, extending 7-day gains to 55%. DOGE ...
Markets
Nov. 09, 2024

Why Bitcoin Will Soar Above Its Fresh Record: Van Straten

Bitcoin {{BTC}} keeps hitting new highs, propelled above $77,000 on Nov. 8 for the first time ever by crypto industry optimism about Donald Trump winning the U.S. presidential election. Other cryptocurrencies are soaring, too. Ethereum's eth...
Markets
Nov. 08, 2024

Cardano Pumps 16%, Bitcoin Could Pop to $100K After Fed Rate Cut

Cardano's ADA has surged 16% in the past 24 hours, driven by marketwide increases, renewed interest in decentralized finance and growing appeal to retail investors. Bitcoin has traders eyeing $100,000 in the near term due to recent highs and th...
Markets
Nov. 07, 2024

This Metric Points to Rotation From Gold to Bitcoin

BTC/Gold registers its biggest single-day rise since February 2022. Renewed uptrend points to bitcoin outperformance ahead and potential rotation of money out of the yellow metal. A week ago, CoinDesk reported that bitcoin’s price rally is ex...
Markets
Nov. 07, 2024

Ether Surges 10% as Trump Victory Brings Back DeFi Bullishness

Ether saw a 10% increase in the last 24 hours, reaching over $2,800, while other cryptocurrencies experienced profit-taking. This surge is linked to optimism around DeFi following Trump's presidential win, where expectations of pro-crypto polic...
Markets
Nov. 06, 2024

How This Crypto Hedge Fund Nailed the Trump Trade

Donald Trump won the 2024 presidential election by a landslide. Whereas polls indicated the race was a tossup, crypto hedge fund Lekker Capital went full-in on the Republican candidate. The fund’s founder, Quinn Thompson, told CoinDesk how he ...
Markets
Nov. 06, 2024

Polymarket Projects a GOP House, Clinching Trump Trifecta

Polymarket, the crypto-based prediction market whose rise this year was vindicated by the presidential election results, is now signaling that the Republicans will almost certainly retain control of the House of Representatives. As of Wednes...
Markets
Nov. 06, 2024

Polymarket Resolves Presidential Election Contract

Polymarket has resolved its Presidential election contract, a $3.6 billion market that brought prediction markets to the mainstream. The market was resolved just before 11 am eastern time, a few hours after the Associated Press and NBC called t...
Markets
Nov. 05, 2024

Dogecoin Rallies, Bitcoin ETFs Bleed Ahead of U.S. Elections

DOGE's increase is largely attributed to a renewed endorsement from Elon Musk linked to his proposal for a "Department of Government Efficiency" (D.O.G.E.). U.S.-listed spot bitcoin ETFs experienced net outflows, with significant withdrawals fr...
Markets
Nov. 03, 2024

Bitcoin Volatility Jumps to 3-Month High Ahead of U.S. Election

Deribit's bitcoin volatility index jumps to its highest since late July. Implied volatility in EUR/USD and U.S. Treasury notes surges to at least one-year highs. Markets price a significant risk premium around the impending U.S. elections. A...
Markets
Nov. 01, 2024

Crypto Reverses Early Gains, Bitcoin Dives Back to $69K

A rally in cryptocurrencies was quickly snuffed out in the late morning hours in the U.S. as traders perhaps continued to take chips off the table following a big run higher over the past few weeks. Rising to as high as $71,400, bitcoin {{BTC}} ...
Markets
Nov. 01, 2024

U.S. Added Just 12K Jobs in October, Far Short of 113K Expected

Just days ahead of the U.S. presidential election and Federal Reserve policy meeting, the government reported a marked weakening in the labor market last month, though it is unclear to what extent storms in the Southeast affected the data. The U...
Markets
Oct. 29, 2024

Bitcoin Tops $73.5K, Climbing Just Shy of New Record High

Bitcoin on Tuesday pushed as high as $73,500, only about $300 below its all-time high set more than seven months ago. The world's largest crypto is now up nearly 75% year-to-date and has more than doubled from year-ago levels. The roaring succ...
Markets
Oct. 28, 2024

Bitcoin Tops $70K for First Time in More Than Four Months

Bitcoin rose above $70,000 for the first time since June in the early evening U.S. hours on Monday. It remains about 5% below its record high around $73,700 from early March of this year. Rate cutting cycles among most major economies, renewed...
Markets
Oct. 25, 2024

Crypto Rally Foiled by Report of DOJ Probe of Tether

Cryptocurrency prices have reversed early gains and are broadly lower during U.S. afternoon hours on Friday following a Wall Street Journal report that the U.S. is probing stablecoin issuer Tether for violations of sanctions and anti-money laun...
Markets
Oct. 24, 2024

Bitcoin ETFs Will Soon Hold 1M Tokens, Nearly as Much as Satoshi

Spot bitcoin exchange-traded funds will soon hold over one million BTC. The funds recorded one of their biggest week of inflows last week, taking in over $2.1 billion in just five days. BlackRock's iShares Bitcoin Trust (IBIT) could soon cross...
Markets
Oct. 24, 2024

Number of Bitcoin Whales Jumps to Highest Since January 2021

The spike in the number of whales strengthens the case for a rally to record highs. Retail investor accumulation has recently slowed, according to CryptoQuant. The number of large bitcoin holders is growing again, boosting the case for a pric...
Markets
Oct. 23, 2024

Bitcoin Slides to $66K, Ether Dives 5% in Market-Wide Selloff

Cryptocurrencies fell today alongside the broader stock market. Among major tokens, ether fared particularly poorly, falling 5%. SOL/ETH notched a new all-time high, while ETH/BTC made new lows. Cryptocurrencies bled lower on Wednesday along...
Markets
Oct. 23, 2024

DOGE, XRP Lead Crypto Majors Decline as Bitcoin ETFs Bleed $80M

Bitcoin failed to sustain a rally towards $70,000, influencing a broader market decline where the CoinDesk 20 index also fell by nearly 2%. U.S.-listed Bitcoin ETFs saw a break in their inflow streak with a net outflow, suggesting a shift in in...
Markets
Oct. 23, 2024

MakerDAO Contemplates Dropping Sky Brand as Community Debates

MakerDAO's community is set to debate dropping the Sky brand. A formal governance poll is scheduled for November 4. MakerDAO is contemplating dropping the Sky brand after a lukewarm reception to the re-brand and a successful launch of the USD...
Markets
Oct. 21, 2024

Bitcoin Pulls Back Below $67K; Is Another Crypto Rally Failing?

Following a failed challenge of the $70,000 level during early Monday trading hours in Asia, bitcoin {{BTC}} fell below $67,000 in U.S. morning action. Recently, bitcoin's price was lower 2.3% over the past 24 hours, underperforming the broad-ma...
Markets
Oct. 21, 2024

ApeCoin Surges 100% as Yuga Labs Debuts ApeChain

APE has hit the highest since April. The much-awaited ApeChain went live Sunday, bringing native staking yield to APE holders. ApeCoin (APE), the Bored Ape Yacht Club (BAYC)-affiliated ERC-20 cryptocurrency used for governance and transaction...
Markets
Oct. 21, 2024

Bitcoin Gets Yet Another Bullish Signal as Prices Near $70K

A widely-tracked momentum indicator has flipped bullish for the first time since April. A similar bullish flip happened at the onset of the late 2023 rally and in late 2022, marking the end of a brutal downtrend. A bitcoin indicator that wa...
Markets
Oct. 18, 2024

First Mover Americas: BTC Flirts With $68K Amid ETF Inflows

This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk 20 Index: 2,056.00 ...
Markets
Oct. 18, 2024

DOGE/BTC Bear Trend Intact After Dogecoin's 24% Weekly Gain

DOGE/BTC lingers at the depth of a prolonged bear market, undercutting any notion of speculative frenzy. The ratio's present price pattern resembles late 2020. Dogecoin's (DOGE), the world's leading meme cryptocurrency by market value, has...
Markets
Oct. 18, 2024

Global Bitcoin ETPs Register Biggest Seven-Day Inflow Since July

On a seven-day basis, bitcoin ETPs have seen 25,675 BTC ($1.74 billion) in net inflows, the biggest since July. Since Oct. 14, bitcoin ETFs have seen approximately $1.9 billion (21,450 BTC) in net inflows. On Oct. 17, ether saw $48.4 million i...
Markets
Oct. 18, 2024

'High-Risk' Crypto Loans Surge to a Two-Year High of $55M

The total amount of crypto-collateralized loans within 5% of their liquidation price is at its highest in over two years, according to IntoTheBlock. The surge in the so-called high-risk loans indicates potential liquidation cascades and market ...
Markets
Oct. 17, 2024

Four Reasons Elon Musk’s Tesla May Have Moved $760M of Bitcoin

Some bitcoin traders were spooked as Tesla on Wednesday moved its BTC stash for the first time in over two years. So far, though, none of the bitcoins have apparently made it to exchange wallets or were swapped for stablecoins. Here's some rea...
Markets
Oct. 17, 2024

Ongoing Profit-Taking Could Slow Bitcoin's Move To Record High

The last time the DXY index was above 103, it was during the Yen carry trade unwind back on Aug. 5 when bitcoin dropped to $49,000. Over 94% of the bitcoin circulating supply is now sitting in profit, historical data tell us profit-taking shoul...
Markets
Oct. 17, 2024

deBridge Token Goes Live With DBR Airdropped to 491K Wallets

deBridge's governance token, DBR, launched with an airdrop distributed to nearly half a million early users and community members. The token, based on Solana, has an initial circulation of 1.8 billion out of a maximum 10 billion supply. Recipie...
Markets
Oct. 15, 2024

Trump Touts New Crypto Token After Initial Sales Are a Dud

U.S. Republican presidential candidate Donald Trump took to the social-media platform X to tout World Liberty Financial, a new crypto project promoted by his family, after initial sales of the platform's new WLFI tokens fell well short of the tar...
Markets
Oct. 15, 2024

Why the $172B Stablecoin Market Could Send Crypto Prices Higher

Stablecoin market capitalization is almost back to its all-time high. That means there’s a lot of sidelined capital ready to be deployed when momentum picks up again, according to analyst Alice Liu. Liu compared stablecoins to Berkshire Hathaw...
Markets
Oct. 15, 2024

Bitcoin Jumps to Just Shy of $68K, Highest Since Late July

The price of bitcoin {{BTC}} quickly popped higher during early morning U.S. trading hours on Tuesday, rising to levels not seen since late July. At press time, the world's largest crypto was trading at $67,500, ahead 3.7% over the past 24 hours...
Markets
Oct. 15, 2024

First Mover Americas: Bitcoin Takes Bull Breather

This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk 20 Index: 2,043.76 ...
Markets
Oct. 14, 2024

Australia’s First Spot Ether ETF to Go Live on Tuesday

Australia will launch a spot ether ETF following the launch of a spot Bitcoin ETF in August. The ETF will allow in-kind and cash redemptions. Monochrome will launch Australia’s first spot ether {{ETH}} exchange-traded fund (ETF) on Tuesday. ...
Markets
Oct. 14, 2024

Bitcoin Begins the Week on a High, Jumps Above $64K

Bitcoin climbed above $64,000, with other major cryptocurrencies like ether and Solana's SOL also gaining, although XRP and BNB remained unchanged. Over $100 million in short positions were liquidated due to the price jump. Memecoins like Mog a...
Markets
Oct. 14, 2024

Ethena Labs Proposes SOL for USDe's Collateral

Ethena Labs has proposed to the USDe community that SOL be added to its mix of collateral. USDe is unique insofar that it maintains $1 peg with collateral, hedged trades, and risk-managed reserves. Ethena Labs, the entity responsible for deve...
Markets
Oct. 10, 2024

Four Reasons Ether ETFs Have Underperformed

Spot ether ETFs have failed to attract the same kind of demand as spot bitcoin ETFs. But that was a tall order, considering how immensely popular the bitcoin products have been. Headwinds include the lack of staking yield in the ETFs and a di...
Markets
Oct. 09, 2024

Cathie Wood's ARK Invest Buys $2.2M of Coinbase Shares

Cathie Wood's investment manager ARK bought nearly $2.2 million worth of Coinbase shares on Tuesday. ARKF contains around $67 million worth of COIN stock, a 7.43% weighting of the fund's total value. Cathie Wood's investment management firm A...
Markets
Oct. 08, 2024

Crypto Investors Mostly DCA Into Their Coins, Finds Kraken

For the vast majority of crypto investors, dollar-cost averaging (DCA) appears to be a must. That’s according to a recent survey by US crypto exchange Kraken, which found that 83% of crypto investors have used dollar-cost averaging in the ...
Markets
Oct. 08, 2024

Bitcoin Up 40% YTD, but Gold Wins on Risk-Adjusted Returns

BTC's price surge doesn't compensate for the price volatility risks, a chart by Goldman Sachs shows. Gold's relatively higher risk-adjusted returns explains its safe haven appeal. Bitcoin {{BTC}} has surged over 40% this year, outshining majo...
Markets
Oct. 08, 2024

Bullish Bitcoin Hopes Dented as China Eases Stimulus Plans

BTC is down 1.5% as the market was underwhelmed by stimulus measures announced by Beijing. Crypto traders are looking to an upcoming Federal Reserve meeting for clues on where BTC might move next. A September rally in Chinese stocks fizzled ...
Markets
Oct. 07, 2024

Bitcoin, Asian Equities May Be Losing Capital to China Stocks

Since late September, BTC has held largely flat amid the stimulus-led 20% surge in the Chinese stocks. The rebound in the battered Chinese equities could be sucking out capital from crypto and Asian equity markets. The capital rotation may be ...
Markets
Oct. 04, 2024

AI Tokens Lead Crypto Rebound Amid Strong U.S. Economy

Alternative cryptocurrencies, or altcoins, lead the digital asset market's charge higher on Friday after geopolitical worries subsided and a blowout U.S. jobs report put recession fears to bed for now. Artificial intelligence-focused protocol Bi...
Markets
Oct. 04, 2024

First Mover Americas: Bitcoin Bounces From $60K

This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk 20 Index: 1,8691.17...
Markets
Oct. 04, 2024

Attention Bitcoin Bulls, China Stimulus May Have Lost Its Mojo

China's latest stimulus appears sanguine compared to the 2015 cycle, according to BCA Research. The housing market bust limits China's ability to generate bullish "credit impulses." The credit impulse is in a structural downtrend, since peakin...
Markets
Oct. 04, 2024

Bitcoin ETFs Register Net Outflows for Third Straight Day

Bitcoin ETFs bled $54.2 million on Thursday. Of 525 ETFs launched in 2024, 13 of the top 25 are either bitcoin or ether related. The U.S.-listed bitcoin {{BTC}} and ether {ETH}} spot exchange-traded funds (ETFs) are doing their part in contri...
Markets
Oct. 03, 2024

Binance's Crypto Market Share Sinks to 4-Year Low

Last month, Binance's combined market share in spot and derivatives volume dropped to its lowest level since September 2020, according to CCData. Overall trading volumes in September fell to the lowest since June, with trading activity expected...
Markets
Oct. 02, 2024

The Rise of Index Investing in Crypto

Cryptocurrency has evolved as a global asset class with significant implications for modern investment portfolios. Despite undeniable growth, crypto remains volatile, posing challenges for even seasoned investors. An increasingly popular solution...
Markets
Oct. 02, 2024

Crypto at a Pivotal Moment

Seismic events often trigger crypto-asset market cycle transitions. The 2016-2017 cycle was largely industry-driven, expanding crypto's reach beyond early adopters. In contrast, the 2020-2021 surge was propelled by unprecedented COVID-era interes...
Markets
Oct. 02, 2024

Bitcoin ETFs Bleed $242.6M, Biggest Outflow Since Sept. 3

Bitcoin ETFs saw outflows of $242.6 million on Tuesday amid escalating tensions in the Middle East. BTC fell to a low of $60,300, erasing almost all of its gains since the Fed's rate cut last month. Bitcoin {{BTC}} exchange-traded funds (ETFs...
Markets
Oct. 02, 2024

Bitcoin Plunge Causes $450M in Bullish Crypto Bets Liquidated

Nearly half a billion in bullish crypto bets were liquidated as the market buckled under geopolitical pressure. Data from CoinGlass shows that 86% of traders are bullish going into October. Futures tied to major tokens saw over $450 million i...
Markets
Oct. 01, 2024

Base Creator Jesse Pollak Tapped to Lead Coinbase's Wallet Team

Base creator Jesse Pollak has been tapped to lead the team responsible for Coinbase Wallet Pollak was named one of CoinDesk's most influential for 2023 for his work on Base. Jesse Pollak, creator of the Layer 2 blockchain Base, says he's been...
Markets
Sep. 30, 2024

Bitcoin Retail Activity Remains Low Despite Recent Rally

In previous crypto bull markets in 2017 and 2021, the Coinbase app was ranked number one in downloads versus the current 438. The amount of bitcoin owned by short-term holders is approximately 2.5 million tokens, a level typically associated wi...
Markets
Sep. 26, 2024

Ethena Announces UStb Stablecoin Backed by Blackrock's BUIDL

Ethena has announced a new stablecoin that invests its reserves in Blackrock's real-world asset fund called BUIDL. The team said UStb can support its synthetic stablecoin USDe during tough market conditions by allowing Ethena’s governance to cl...
Markets
Sep. 25, 2024

The Fed Pivot is Finally Here

“The time has come,” stated Fed chairman Jerome Powell back in August at the Jackson Hole central bank symposium. Last week, the Fed cut its federal funds target rate by 50 bps to 5.00% p.a. (upper limit) which was slightly more than markets had ...
Markets
Sep. 25, 2024

Bitcoin's South Korea Discount Hits Highest Since October 2023

Bitcoin is trading on Korean exchanges at the steepest discount since October 2023, according to CryptoQuant. Smart traders have shifted to high-beta altcoins, data tracked by 10x Research show. Crypto traders on South Korea-based exchanges s...
Markets
Sep. 24, 2024

Bitcoin Pushes Past $64K as Monetary Ease Expectations Grow

China overnight joined in what's now a near global monetary easing campaign by the major economies. Bitcoin took aim at rising past $65,000 for the first time since early August. A breakout above the $65,000 level is likely necessary to confir...
Markets
Sep. 24, 2024

Bitcoin Needs to Top $65.2K to Break Downtrend: Bitfinex

A move above the August high of $65,200 will invalidate the bearish lower highs pattern, analyst at Bitfinex said. Weakening spot market buying pressure points to short-term consolidation, analysts added. Bitcoin {{BTC}}, the leading cryptocu...
Markets
Sep. 23, 2024

Bitcoin Could Surge Thanks to Looser Financial Conditions

The Chicago Fed's NFCI fell to -0.56, the loosest financial conditions since bitcoin's 2021 cycle high. Financial conditions and bitcoin show a negative correlation suggesting the crypto thrives in risk-on environments. Bitcoin has more than d...
Markets
Sep. 20, 2024

Ether Is Going to Shine Again, Steno Research Says

Ether's recent underperformance may be over, Steno Research said in a report. The report noted that in the last bull market, during altcoin season, ether more than doubled in value compared to bitcoin. The U.S. Federal Reserve's interest rate ...
Markets
Sep. 19, 2024

Ether Rebounds Off Key Support Signals Long Term Bullishness

Ether has bounced off its 200-week simple moving average, reinforcing long-term support. Bitcoin fights to stay above $62K while attempting to break past key resistance levels, including the short-term holder realized price at $61,998. Ether ...
Markets
Sep. 19, 2024

Stablecoins Are Becoming Systemically Important, Bernstein Says

Stablecoins are becoming increasingly important to the global financial system, the report said. Bernstein noted that stablecoins are the 18th-largest holders of U.S. government debt. Stablecoin circulation is back to an all-time high of $170 ...
Markets
Sep. 19, 2024

Solana Unveils Details of Second Crypto Phone 'Seeker'

SINGAPORE –– Solana Labs's phone designing subsidiary is slated to ship its second crypto phone in 2025, Solana Mobile announced at the Token 2049 conference Thursday. Called Seeker, the upcoming handheld will be a major hardware improvement ove...
Markets
Sep. 18, 2024

Bitget, Foresight Ventures Buy $30M TON Tokens From Whales

Bitget and Foresight Ventures announced on Wednesday that it acquired $30 million in TON from whales. This deal was not structured as a traditional VC investment, but rather a purchase from the token's largest holders Crypto exchange Bitget a...
Markets
Sep. 18, 2024

BitGo to Enter Stablecoin Market With Reward-Bearing USDS Coin

BitGo says it is launching a stablecoin in January 2025 Called USDS this stablecoin will provide rewards to the institutions which power its liquidity. SINGAPORE — BitGo plans to introduce a dollar-backed stablecoin next year, differentiating...
Markets
Sep. 17, 2024

Bhutan, Tiny Country With $3B GDP, Holds Over $780M in Bitcoin

Bhutan, a Himalayan nation with fewer than 1 million people, has accumulated over $780 million in bitcoin, representing nearly a third of its GDP, through mining operations run by state-owned Druk Holdings. The mining operations are linked to B...
Markets
Sep. 16, 2024

Bitcoin Slips to $58K as Fed Faces Split Rate Cut Expectations

The Fed faces split rate cut expectations as markets price in 50% probability for both 25 bps and 50 bps move this Wednesday. Bitcoin has pulled back from above $60,000 amid rate cut uncertainty. The coming week is shaping up to be that rare ...
Markets
Sep. 13, 2024

Polygon's POL (MATIC) Token Spikes 15% on Binance Listing

Polygon's native token POL surged 15% on Friday as crypto exchange giant Binance said it added spot and perpetual contracts trading with the token to its platforms, marking the completion of the token's upgrade and rebrand from the longstandi...
Markets
Sep. 13, 2024

Odds of 50 Basis Point Fed Rate Cut Next Week Jump to 45%

Just 24 hours ago, it was thought to be nearly a done deal that the U.S. Federal Reserve could trim its benchmark fed funds rate by just 25 basis points when it meets next week, but the calculus has quickly changed. After all, the employment pic...
Markets
Sep. 13, 2024

XRP, DOGE Lead Market Gains as Bitcoin Dips Under $58K

Major cryptocurrencies like bitcoin and ether were little changed. XRP and dogecoin were notable exceptions, with XRP's increase linked to Grayscale's new fund. Bitcoin has added more than 6% this week, putting it on track for the first weekly...
Markets
Sep. 12, 2024

XRP Spikes 8% as Grayscale Launches XRP Trust in the U.S.

Crypto fund manager Grayscale is launching an XRP trust that could pave the way for a spot XRP exchange-traded fund (ETF) in the U.S. The closed-end fund will offer accredited investors direct exposure to XRP {{XRP}}. Grayscale previously offere...
Markets
Sep. 12, 2024

Leverage in the Bitcoin Market Is Increasing Again

Renewed bias for leverage points to increased investor risk appetite. High-leverage liquidity in bitcoin is concentrated at around $58,500. Increased leverage indicates traders taking on more risk and a possible jump in price volatility. Lev...
Markets
Sep. 12, 2024

Bitcoin Yields as High as 45% on Offer in Pendle's New Pools

DeFi platform Pendle's new pools allows users to earn floating yields up to 45% and fixed yields of 10% on a bitcoin-based token. The yields are achieved through staking service Lombard's LBTC token in collaboration with Ethereum layer-2 networ...
Markets
Sep. 12, 2024

Bitcoin Jumps Over $58K Amid Tech Stock Rally, SUI Outperforms

Bitcoin surpassed $58,000 during Asian trading hours, influenced by a rally in U.S. tech stocks and positive movements in Asian equities. Despite the bitcoin price increase, U.S. spot bitcoin ETFs experienced outflows, with Ark Invest’s ARKB se...
Markets
Sep. 11, 2024

Are Ethereum Staking Yields Too High?

Staking has grown in popularity in recent years due to the availability of staking-as-a-service, pooled staking, and the growth of liquid re-staking. As of July 2024, Ethereum's security budget amounts to a staggering $110 billion worth of ETH, r...
Markets
Sep. 11, 2024

Bitcoin Decouples From Gold as Crypto Continues in Bearish Phase

Bitcoin has been in CryptoQuant's bearish phase since August 27. There's been a decoupling from gold, which has been making record highs, while bitcoin struggles more than 20% below its record level of a few months ago. BTC's MVRV ratio is bel...
Markets
Sep. 10, 2024

Crypto Retail Market Is Poised for a Rebound: Gemini

Crypto adoption has remained steady in the U.S. and the U.K. in the past two years, the report said. Gemini said 65% of those surveyed said they held crypto for its long-term investment potential. The majority of crypto owners said they wanted...
Markets
Sep. 10, 2024

Bitcoin ETFs Post $28.7M Inflows After Record Losing Streak

The U.S.-listed BTC exchange-traded funds (ETFs) hit $28.7 million in inflows on Monday, ending a long losing streak. BTC is trading below $56.5K, while the CoinDesk 20 (CD20) is up 2.3%. Spot bitcoin (BTC) exchange-traded funds (ETFs) listed...
Markets
Sep. 09, 2024

Bitcoin Bottom In? BTC Order Book Liquidity Says Yes

The low order book liquidity suggests an impending bull reversal, according to Hyblock Capital. Negative funding rates point to a potential short squeeze. The market is fast moving into a positive macro environment, LondonCryptoClub said. Bi...
Markets
Sep. 06, 2024

Crypto Market Lacks Major Near-Term Catalysts, JPMorgan Says

Total crypto market cap was about $2 trillion at the end of last month, the report said. JPMorgan said the crypto ecosystem lacks major catalysts in the near-term. Stablecoins were the outlier, as total market cap grew and volumes also increas...
Markets
Sep. 05, 2024

Bitcoin Retraces Below $57K as 'Sell-on-Rise' Action Continues

BTC's price bounces remain shallow and brief as concerns about the U.S. economy linger. Crypto weakness may be a red flag for traditional risk assets, one analyst said. Bitcoin {{BTC}} dropped below $57,000 on Thursday, reversing Wednesday's ...
Markets
Sep. 04, 2024

Solana's SOL Gets First Implied Volatility Index on Volmex

Volmex announces 14-day implied volatility index tied to SOL. More indices to be debuted in months ahead, Volmex said. Crypto derivatives protocol Volmex Finance unveiled a new implied volatility index for programmable blockchain Solana's SOL...
Markets
Sep. 04, 2024

Bitcoin ETFs Bleed $287M, Largest Daily Outflow in Four Months

The 11 U.S.-listed spot ETFs saw $287.8 million worth of outflows on Tuesday, according to Farside Investors. BTC traded lower as weak U.S. manufacturing data revived growth concerns. The U.S.-listed spot bitcoin {{BTC}} exchange-traded funds...
Markets
Sep. 04, 2024

Bitcoin Dives Under $56K as Asian Equities See Red

BTC briefly fell to $55,500, its lowest since August 8, to reverse nearly all gains in the past month. The August reading of the Institute for Supply Management’s manufacturing index slumped for a fifth straight month with a rebound from July b...
Markets
Sep. 03, 2024

Bank of Japan Governor Hints at More Rate Hikes; BTC Drops 0.4%

Kazuo Ueda reiterated the commitment to raise Japanese interest rates further. The yen rallied, while BTC and S&P 500 futures registered moderate losses. BOJ-Fed policy divergence points to continued yen strength and pain for risk assets, ...
Markets
Sep. 03, 2024

WazirX Hacker Starts to Move Stolen Ether Using Tornado Cash

The hacker stole $230 million from WazirX and began transferring funds through Tornado Cash. The hacker started moving nearly $4 million worth of ether to obscure the transaction trail. WazirX is undergoing restructuring after the hack and cus...
Markets
Sep. 02, 2024

Key Week for Bitcoin and the Dollar Index

Tuesday's U.S. manufacturing data is likely to show continued contraction, signaling weakness in the dollar index and strength in bitcoin. Traders should watch out for an August-like growth scare in risk assets. Friday's U.S. jobs data could e...
Markets
Sep. 02, 2024

Donald Trumps Harris On Polymarket Once Again

Trump pulled ahead with a 51% chance of regaining the U.S. presidency. Traders have placed $99 million in on-chain bets on Trump winning the election, with over $95 million put on Harris. Election punters on Polymarket are favoring Republican...
Markets
Sep. 02, 2024

OKX Brings Update to Ease Bitcoin Arbitrage

OKX automates execution of the "funding rate arbitrage" strategy. The new offering allows traders of varied experience levels to maximized returns, OKX said. OKX, the world's third-largest crypto exchange by trading volume , announced a new ...
Markets
Aug. 29, 2024

Crypto for Advisors: Crypto Market - A Week in Review

In today’s issue, Xinghua Luo from Pioneer Asset Management Limited provides a summary of market activity including a US Inflation Rate and Federal Reserve Outlook, ETF Developments and overall crypto flows. Then, Jason Leibowitz from Ha...
Markets
Aug. 29, 2024

Crypto Market Has Evolved in the Past Year, Canaccord Says

The crypto market is back in growth mode following a period of consolidation, the report said. Canaccord noted that the launch of spot ETFs in the U.S. has led to broader institutional adoption of digital assets. Institutional allocations to c...
Markets
Aug. 29, 2024

TON Back Online After Second Outage

The TON blockchain is back online after a second outage. Toncoin is up roughly 8% on the news. TON is once again back online after going to the DOGS a second time within 24 hours. "TON network is fully operational! TON-based asset withdrawal...
Markets
Aug. 28, 2024

Ether Spot ETF Flows Have Underwhelmed Versus Bitcoin: JPMorgan

Ether spot ETFs have seen net outflows overall since their launch, said the team at JPMorgan. The outflows from the Grayscale Ethereum Trust were much larger than the bank had originally anticipated. The bank noted growing interest from asset ...
Markets
Aug. 27, 2024

First Mover Americas: Bitcoin Drops as Traders Take Profits

This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk 20 Index: 2,004 −3....
Markets
Aug. 25, 2024

TON Down 14% as Telegram CEO Pavel Durov Arrested in France

Toncoin posted double-digit loss as French media reported that Telegram CEO Pavel Durov was arrested in the country. The arrest comes as French authorities consider Durov complicit in crimes organized via Telegram because of the platform's lack...
Markets
Aug. 23, 2024

Fed Chair Jerome Powell: Time Has Come for Policy to Adjust

As expected, Jerome Powell indicated that a rate cut is coming in September Bitcoin and traditional markets at least initially have moved sharply higher Investors will now focus on whether the initial rate cut will be 25 or 50 basis points A...
Markets
Aug. 23, 2024

Bitcoin Mining Opportunity Is Worth About $74B, JPMorgan Says

The bank reduced its CLSK, IREN, MARA and RIOT price targets to account for second-quarter results and changes in the price of bitcoin and the network hashrate. JPMorgan prefers Iren and Riot Platforms, and says recent underperformance in these...
Markets
Aug. 23, 2024

DeFi Summer Is Making a Comeback, Steno Research Says

Decentralized finance is making a comeback, and the total value locked in the crypto market is expected to hit an all-time high next year, the report said. Steno said interest rates are the most important factor in influencing DeFi's appeal. T...
Markets
Aug. 22, 2024

Crypto OTC Desks Now Hold Over $22B in Bitcoin: CryptoQuant

The number of BTC held in wallets tied to over-the-counter (OTC) desks has surged to 368,000 BTC, the highest since June 2022, according to CryptoQuant. Miners often turn to OTC deals to sell bitcoin. Crypto over-the-counter (OTC) desks, whic...
Markets
Aug. 21, 2024

Institutions Are Still Buying Bitcoin ETFs, Bitwise Says

The biggest question in crypto at the moment is whether institutional investors will allocate to the asset class in a big way, the report said. Bitwise noted that the total number of institutional investors holding bitcoin ETFs rose 14% in the ...
Markets
Aug. 21, 2024

Mt. Gox Moves $700M in Bitcoin, BTC Unmoved at $59K

Defunct exchange Mt. Gox moved 13,265 BTC on-chain, according to Arkham Intelligence. According to Galaxy's Alex Thorn expects only 1,265 BTC may be offloaded in the market. Mt. Gox-related selling pressure might raise its head again in the b...
Markets
Aug. 20, 2024

Floki Scores Major Deals With English Premier League Teams

Floki has signed deals with various English Premier League teams to feature its FLOKI token and upcoming game, Valhalla. FLOKI will be the cryptocurrency partner for Nottingham Forest, Valhalla will appear on Sunderland AFC jerseys and on-scree...
Markets
Aug. 20, 2024

Bitcoin Pops Over $61K, XRP Leads Gains Among Majors

Bitcoin was trading above $61K during the Asian trading day, and Polymarket bettors are forecasting some price stability for the rest of the week. Traders are looking to Jerome Powell's remarks at the end of the week for indications of where pr...
Markets
Aug. 19, 2024

TON Leads Crypto Majors as BTC, ETH Remain Flat

TON led gains in the crypto market on Monday as HashKey announced a partnership with popular GameFi project Catizen. DYDX is also up as traders continue to be optimistic about weekly gains in its volume. Bitcoin {{BTC}}, ether {{ETH}} and mos...
Markets
Aug. 15, 2024

Crypto for Advisors: Crypto Volatility and Market Conditions

Is crypto’s volatility a feature or a bug? In today’s issue, Miguel Kudry , CEO of L1 Advisors explores cryptocurrencies performance and its relation to market conditions. In Ask an Expert, Kevin Tam from Raymond James Ltd. looks at insti...
Markets
Aug. 14, 2024

The Anatomy of a Meltdown (and Just BTFD)

There has been much consternation in traditional markets of late, with a variety of reasons to blame. First, the Bank of Japan raised interest rates to combat the falling yen, causing traders to unwind yen-carry trade positions. Second, worries a...
Markets
Aug. 14, 2024

U.S. CPI Rose 0.2% in July, Matching Expectations

Inflation in July for the U.S. came in mostly as forecast as the stage continues to be set for the Federal Reserve to begin cutting rates at its upcoming mid-September meeting. The Consumer Price Index rose 0.2% in July, according to a U.S. gove...
Markets
Aug. 14, 2024

Goldman Sachs Holds Over $400M in Bitcoin ETFs

Goldman Sachs owns positions in seven out of the 11 bitcoin ETFs. Earlier, the bank had said "we're not believers in crypto." Goldman Sachs (GS) holds positions in a variety of bitcoin {{BTC}} exchange-traded funds (ETFs), according to a 13...
Markets
Aug. 13, 2024

Bitcoin Likely to Fall by $5K Than Rise by Same Amount: Analyst

The BTC market shows signs of seller dominance, FxPro's analyst said. BTC's recovery has stalled with Harris pulling ahead of Trump in prediction markets. Bitcoin's {{BTC}} swift recovery from the sub-$50,000 price seen last Monday has restor...
Markets
Aug. 12, 2024

First Mover Americas: BTC Slides Ahead of Busy Data Week

This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk 20 Index: 1,925 −2...
Markets
Aug. 12, 2024

Ex-Bank of Japan Official Rules Out Another Rate Hike This Year

Makoto Sakurai ruled out additional rate hikes this year, offering hope to risk assets. The next move may come in March 2023, the official said A former Bank of Japan (BOJ) official said the central bank would defer additional interest rate h...
Markets
Aug. 12, 2024

Bitcoin Nears $58K as Market Slides Ahead of Busy Data Week

BTC and the broader crypto market experienced a selloff over the weekend, with BTC trading slightly above $58,500, down 4.8% in the last 24 hours. U.S.-listed exchange-traded funds (ETFs) tracking these assets recorded outflows on Friday, with...
Markets
Aug. 08, 2024

XRP Jumps 17%, Beating Bitcoin Gains, as Ripple-SEC Case Ends

XRP surged 17% following a settlement in the case involving Ripple Labs and the U.S. Securities and Exchange Commission (SEC). This led to a jump in its price from 50 cents to 65 cents and a significant increase in trading volumes. The settleme...
Markets
Aug. 07, 2024

First Mover Americas: BoJ Comments Offer Relief to Crypto

This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk 20 Index: 1,869 +4....
Markets
Aug. 07, 2024

WOO X Now Lets Traders Bet on Upcoming Tokens

Crypto futures platform WOO X started a prelaunch perpetual futures market that lets users bet on the prices of upcoming tokens that have yet to be issued, a representative told CoinDesk on Wednesday. Such markets can enable traders to engage in...
Markets
Aug. 07, 2024

CoinShares Netted $513.1M Profit in Q2

However, CoinShares also noted a loss of $481.42 million on the fair value of digital assets. Once accounted for this depreciation, CoinShares' comprehensive income for the quarter was $32.6 million. Crypto asset manager CoinShares (CS) recor...
Markets
Aug. 06, 2024

First Mover Americas: Crypto Rebounds From Monday's Chaos

This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk 20 Index: 1,782 +8....
Markets
Aug. 06, 2024

Bitcoin's Unreliable Death Cross Is Looming Again

The bitcoin price is staring at the death cross, a pattern that trapped bears on the wrong side of the market last September. BTC's near-term prospects are closely tied to the health of the U.S. economy and volatility in the Japanese yen. Som...
Markets
Aug. 06, 2024

Ethereum ETFs Scored $49M Inflows as ETH Plunged

Despite a sharp 20% drop in price, U.S.-listed spot ether exchange-traded funds (ETFs) saw net inflows of nearly $49 million on Monday, indicating strong demand. Meanwhile, some pointed to the resilience of the Ethereum network in the face of t...
Markets
Aug. 06, 2024

ARK Bought $17.8M of COIN, $11.2M of HOOD as Market Slumped

This was ARK's first COIN purchase since June 6, 2023. ARK Invest often loads up on shares when their prices slide, usually with a view to offloading them one their prices tick up again. ARK Invest took advantage of Monday's massive market sl...
Markets
Aug. 06, 2024

These Two Bitcoin Indicators Offer Light in a Gloomy Marke

BTC's long-term options market indicator continues to signal bullish bias. Key indicator shows signs of bargain hunting during the price drop. Bitcoin {{BTC}} has had a horrible August, falling over 13% to as low as $50,000 in the first five ...
Markets
Aug. 05, 2024

Is Bitcoin Still a Store of Value?

On days like this, it's easy to scoff at bitcoin {{BTC}} – specifically, the claim that the original cryptocurrency is a store of value, the digital equivalent of gold. BTC tumbled along with the broader financial markets Monday and briefly dipp...
Markets
Aug. 05, 2024

Crypto Stocks Slump as Bitcoin, Ether Tumble

Bitcoin and ether tumbled Monday as risk-off sentiment permeated global markets. Crypto-related company shares followed suit, with many miners losing more than 10% in pre-market trading while crypto exchange Coinbase dropped 9%. Crypto-relate...
Markets
Aug. 05, 2024

Bitcoin Price Crash to $50K Dashes Carry Traders' Hopes

Bitcoin futures trade at par or meagre premium to spot prices. The decline in premium dents the appeal of cash and carry arbitrage strategies. Bitcoin's {{BTC}} latest price crash has narrowed the gap between futures and spot prices, denting ...
Markets
Aug. 05, 2024

Bitcoin Continues to Bleed, Falls Below $50K

Bitcoin {{BTC}} continued its downward slide during the Asian trading hours on Monday, plunging below $50,000. At the time of writing, Bitcoin was trading near $49,200, a level last seen in late February. The sell-off in bitcoin and the overall...
Markets
Aug. 05, 2024

Ether Slides 20% as Trading Firm Moves $46M in ETH

ETH's price drops to lowest since January. A wallet supposedly associated with Jump Trading moved 17,576 ETH to centralized exchanges, according to Spot On Chain. Ether's {{ETH}} price cratered as a prominent crypto trading firm moved large a...
Markets
Aug. 02, 2024

First Mover Americas: BTC Warnings Finger Drop to $55K

This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Bitcoin was l...
Markets
Aug. 02, 2024

Risks Are Skewed to a Weaker Nonfarm Payrolls Print, ING Says

Friday's U.S. nonfarm payrolls report could disappoint expectations, according to ING. A weak report will likely bolster Fed rate cut expectations and potentially support risk assets, including bitcoin. With markets awaiting Friday's U.S. non...
Markets
Aug. 01, 2024

DeFi Protocol Convergence Hacked, CVG Token Plunges 99% on Curve

Decentralized finance protocol Convergence, a Curve-based yield-enhancing protocol, a was exploited Thursday, sending its token's price to near-zero. The attacker created (minted) 58 million of the protocol's CVG token using a vulnerability in t...
Markets
Aug. 01, 2024

Bitcoin Plunges More Than 10% Since Hitting $70K 72 Hours Ago

Bitcoin {{BTC}} continued its sharp pullback after a fast start to the week, with the price retreating to a two-week low of of $62,700. At press time, bitcoin was lower by 5.5% over the past 24 hours, outperforming the broader CoinDesk 20 Index'...
Markets
Aug. 01, 2024

Large Bitcoin Holders Added $5.4B in BTC in July, Data Show

Large bitcoin holders added over 84,000 BTC in July, the highest since October 2014, per IntoTheBlock. The accumulation was characterized by bargain hunting during the early July price dip. In a display of confidence, large bitcoin {{BTC}} ho...
Markets
Jul. 31, 2024

The Anatomy of a Crypto Bull Market

Although crypto history is short, with Bitcoin celebrating its 15th birthday this year, we have already experienced three major cycles: 2011-2013, 2015-2017, and 2019-2021. The short cycle time is not surprising given the crypto market trades 24/...
Markets
Jul. 31, 2024

Nvidia Becoming More Volatile Than Bitcoin and Ether

NVDA's 30-day implied volatility has surpassed bitcoin and ether's gauge. Bitcoin has exhibited a strong positive correlation with NVDA since late 2022. Nasdaq-listed Nvidia (NVDA), hailed by Goldman Sachs as the world's most important stoc...
Markets
Jul. 30, 2024

Key Interest Rate Decisions Coming This Week From Fed, BOJ, BOE

Three major central banks are holding policy meetings this week and the results from each are anticipated to be at least somewhat different. The first decision is set to come Wednesday (Tuesday evening in the U.S.) from the Bank of Japan and ana...
Markets
Jul. 29, 2024

Ether ETFs Saw $340M of Negative Outflows in Their First Week

Spot ether {{ETH}} exchange-traded funds saw negative net flows in their first week as massive outflows from the incumbent Grayscale Ethereum Trust (ETHE) overwhelmed interest in the competing products. Similar bitcoin {{BTC}} funds, which debut...
Markets
Jul. 29, 2024

Bitcoin Pulls Back Sharply After Touching $70K

In what's become a familiar pattern over the past few months, a rally in bitcoin {{BTC}} to a key level was met with a wave of selling as the price during Monday morning U.S. hours quickly plunged more than 3% after pushing above $70,000 for the ...
Markets
Jul. 25, 2024

Ether Down Over 7.5% as ETHE Outflows Ramp Up

Ether is down over $7.5% and is trading above $3100. Ether's decline comes as ETHE outflows continue and tech giant Nvidia trades in the red. Ether {{ETH}} is down over 7.5% in the first hours of East Asia's business day, trading hands above ...
Markets
Jul. 24, 2024

AgriDex Settles First Agricultural Trade on Solana Blockchain

AgriDex has settled its first agricultural trade on the Solana blockchain. It facilitated the shipment of two hundred bottles of extra virgin olive oil and multiple cases of wine from a farm and vineyards in South Africa to London. AgriDex ,...
Markets
Jul. 23, 2024

Ether ETF Volumes Top $1B on Day One

Investors traded over $1 billion worth of shares of the freshly launched ether exchange-traded fund (ETF) issuers on the first day of their availability, data from Bloomberg shows. Trading volume simply represents the dollar amount of shares exc...
Markets
Jul. 23, 2024

Spot Ether ETFs See $600M in Volume In First Half Day of Trading

The eight recently launched spot ethereum {{ETH}} exchange-traded funds (ETFs) posted nearly $600 million worth of volume in the first half of their first day of availability, according to data from Bloomberg. The race is led by Grayscale’s Ethe...
Markets
Jul. 23, 2024

Bitcoin Nears $66K as Mt. Gox Moves $130M to Bitstamp

Bitcoin {{BTC}} traded near $66,000 as defunct exchange Mt. Gox started to move its latest tranche of the asset to crypto exchange Bitstamp, which has previously led to sell-offs in the broader crypto market. Arkham data shows Mt. Gox transf...
Markets
Jul. 23, 2024

BlackRock's Spot Bitcoin ETF Draws $526M in Net Inflows

BlackRock's IBIT registered the highest single-day inflow since March. BTC failed to break out of a key price resistance level. BlackRock's iShares Bitcoin Trust (IBIT), a Nasdaq-listed exchange-traded fund (ETF) closely tracking the cryptocu...
Markets
Jul. 23, 2024

U.S. Government Moves $4M Bitcoin to Coinbase, Arkham Data Show

An address labeled "U.S. Government: Ryan Farace Seized Funds" moved BTC worth nearly $4 million to Coinbase 11 hours ago, according to Arkham Intelligence. The potential selling pressure represents less than 1% of BTC's 24-hour trading volume....
Markets
Jul. 22, 2024

Bitcoin Briefly Tops $68K as Biden Dropout Riles Up Crypto Bulls

Bitcoin briefly surged above $68,000, driven by positive U.S. election predictions, before settling around $67,500 during early Asian trading hours on Monday. The broader crypto market, as represented by the CoinDesk 20 index, saw a 1.25% incre...
Markets
Jul. 22, 2024

Polymarket Bettors Put Nearly $80M on Biden's Democratic Chances

Nearly $80 million was wagered on Polymarket in various contracts about Joe Biden's political future. $51.5 million was at stake on a question regarding Biden's leadership of the Democrats, while $27.5 million was bet on variations of the quest...
Markets
Jul. 18, 2024

Profit-Making Crypto Address Makes $16M Investment in BTC

A profitable crypto address has made a fresh investment in BTC. The address has made $30 million in trading profits in the past 12 months. Traders who are skeptical about bitcoin's {{BTC}} recent price rebound may find comfort in the fact tha...
Markets
Jul. 17, 2024

Ether Spot ETF Inflows Will Push ETH to Beyond $5K: Bitwise

Launch of spot ether ETFs in the U.S. will push the price of the crypto to all-time highs above $5,000, the report said. Bitwise said money flowing into new ether spot ETFs will have a larger impact than it did for bitcoin. Ether spot ETFs are...
Markets
Jul. 17, 2024

Bitcoin ETF Inflows Hit Six-Week High of $422.5M

The 11 spot BTC ETFs listed in the U.S. recorded a cumulative inflow of $422.5 million on Tuesday. The funds have collected over $1 billion in the past three trading days alone. BTC's price has recovered 23% since hitting lows near $53,500 on ...
Markets
Jul. 16, 2024

Crypto Traders Search for Clues in Solana's Triangle Pattern

SOL's daily chart shows a triangular consolidation pattern. A breakout would signal a continuation of the broader uptrend, according to Fairlead Strategies. Crypto traders looking for clues on the next possible move in programmable blockchain...
Markets
Jul. 16, 2024

Ether Hedging Activity Picks Up as U.S. ETF Debut Nears

Relative richness of ether's short-term options-induced implied volatility suggests a pick up in hedging activity. The U.S.-listed ether ETFs are expected to begin trading next week. The impending debut of U.S.-based exchange-traded funds (ET...
Markets
Jul. 15, 2024

Spain National Fan Token Slides 20% After UEFA Euro 2024 Win

The Spain National Fan token (SNFT) has dropped 20% in the past 24 hours. The losses likely represent "sell-the-fact" losses following Spain's victory in UEFA championship. Spain is reveling in the UEFA 2024 soccer championship victory, but...
Markets
Jul. 12, 2024

XRP is the Sole Major in Green as Bitcoin Bulls Remain Sidelined

Bitcoin (BTC) fell 2.3% in the past 24 hours to $57,000 after briefly surpassing $59,000 on Thursday. XRP tokens were the only major gainers, rising 5% in the past 24 hours amid favorable developments. One trader said bulls were likely "on the ...
Markets
Jul. 12, 2024

First Mover Americas: BTC Retreats From $60K

This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Bitcoin trade...
Markets
Jul. 12, 2024

Bitcoin Bulls Fail Again, But There Is Still Hope

BTC bulls failed to penetrate critical resistance after positive U.S. inflation data, leaving the doors open for more losses. Downside may be limited as recent supply overhang from Germany's Saxony state has exhausted. Fed rate cut bets, FTX r...
Markets
Jul. 11, 2024

U.S. Inflation Was Negative in June; Bitcoin Jumps Above $59K

June CPI came in softer than expected. The odds of imminent Fed rate cuts rose sharply following the news. Under major pressure of late, the price of bitcoin rose as well. Inflation continued to retreat in June, according to the government's...
Markets
Jul. 11, 2024

ARG Token Doubles as Argentina Enters Copa America Final

Argentina's victory over Canada in the Copa America semi-finals brings cheer to Argentina fan token holders. The token has seen over $20 million in trading volume in the past 24 hours. Defending champions Argentina advanced to the finals of...
Markets
Jul. 11, 2024

Staked Ether Close to All-Time High as ETF Approval Nears

While the supply of ether is rising, the amount that is staked is close to all-time highs, CryptoQuant data shows. Polymarket bettors are assigning a 90% chance to an ether exchange-traded fund being approved in the U.S. by July 26, but there a...
Markets
Jul. 11, 2024

Bitcoin Waits for Guidance From U.S. Inflation Data, Bond Market

Thursday's U.S. CPI updated is expected to offer evidence of continued progress on the inflation front, boosting the Fed rate cut probability. Increased prospects of Fed rate cuts could bode well for BTC's recovery. BTC bulls should watch out ...
Markets
Jul. 10, 2024

Bitcoin at Pivotal Point as Bear Market Beckons: Onchain Data

The Bitcoin profit and loss index is hovering around its 365-day moving average; previous crossovers to the downside have led to major market corrections. Tether's market cap growth, often considered a key driver of bull markets, has stalled. ...
Markets
Jul. 09, 2024

Bitcoin ETF Traders Buy The Dip With Nearly $300M Inflows

On Monday, the U.S.-listed spot ETFs witnessed nearly $300 million in new inflows. Investors seem to be bargain-hunting as temporary supply overhangs weigh over BTC's price. Spot bitcoin {{BTC}} exchange-traded funds (ETFs) recorded nearly $3...
Markets
Jul. 08, 2024

First Mover Americas: BTC Rebounds to $57K

This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories During the Eu...
Markets
Jul. 08, 2024

Germany Sill Holds $2.2B Worth of Bitcoin, Blockchain Data Show

Germany still holds 29,286 BTC worth $2.2 billion, according to Arkham Intelligence. The potential selling pressure equates to 9% of bitcoin's 24-hour trading volume. Germany has been running down its coin stash since mid-June. Germany's bi...
Markets
Jul. 06, 2024

Biden's Odds on Polymarket Little Changed After ABC TV Interview

U.S. President Joe Biden may have seemed more coherent on Friday night's televised interview compared to the debate a week ago, but his odds of reelection did not substantially change, according to traders on crypto-based prediction market platfo...
Markets
Jul. 05, 2024

U.S. Crypto Stocks Sink in Pre-Market Trading as BTC Slumps

The slump coincides with defunct crypto exchange Mt. Gox moving $2.6 billion worth of BTC to a new wallet prior to commencing creditor repayments. Michael Saylor's software company MicroStrategy, which holds over 210,000 BTC, and bitcoin miner ...
Markets
Jul. 05, 2024

Bitcoin Dips Below $54K as Mt. Gox Moves $2.6B in BTC

BTC slides to lowest since late February, breaching key price support. Early Friday, defunct exchange Mt. Gox moved 47,228 to a new address from cold storage. Bitcoin's {{BTC}} sell-off continued during Friday's Asian hours as defunct exchang...
Markets
Jul. 04, 2024

Decoding The $7B Decline in Bitcoin's Notional Open Interest

While notional open interest has dropped, OI in BTC terms has held steady alongside positive funding rates. That's a sign of renewed demand for longs amid the price dip, according to observers. Notional open interest in bitcoin {{BTC}} future...
Markets
Jul. 02, 2024

CoinDesk 20 Performance Update: ADA and XRP Lead

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index . The CoinDesk 20 is currently trading at 2161.29, down 0.2% (-3.87) since yesterday's close. Ten of 20 assets i...
Markets
Jul. 02, 2024

Bitcoin's Retreat From $70K Characterized by 'Vol Lethargy'

Deribit's BTC DVOL index, a measure of volatility expectations, has slipped to its lowest since early February. Continued volatility meltdown alongside price drop suggests an absence of demand for options. A renewed upswing in BTC's price to $...
Markets
Jul. 01, 2024

CoinDesk 20 Performance Update: NEAR and AVAX Lead

CoinDesk Indices ( CDI ) presents its daily market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index ( CD20 ). The CoinDesk 20 is currently trading at 2155.7, up 3.1% (+64.67) since last Friday's clo...
Markets
Jun. 28, 2024

First Mover Americas: Bitcoin Awaits PCE Inflation Report

This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Bitcoin conso...
Markets
Jun. 28, 2024

Kaspa's KAS Token Bucks Broader Market, Surges 26% in a Week

The Kaspa blockchain's KAS token is the best-performing top 100 cryptocurrency of the past seven days. The price rally was accompanied by an even-bigger surge in futures open interest. There is always action in some pocket of the crypto marke...
Markets
Jun. 28, 2024

T-Rex Group Files for 2x Long, Inverse Microstrategy ETF

T-Rex Group has filed for new ETFs that take a leveraged long or short position in Microstrategy (MSTR). MSTR is known for its volatility given its heavy exposure to bitcoin. T-Rex Group, the exchange-traded funds (ETFs) issuer, has filed for...
Markets
Jun. 28, 2024

Trump Surges to 67% in Polymarket Odds Post Presidential Debate

Republican candidate Donald Trump's odds of winning the 2024 election surged on Polymarket after the first debate. There's a growing market sentiment on the platform that President Biden will either not be the Democratic nominee or drop out of ...
Markets
Jun. 27, 2024

PoliFi Tokens, BTC Under Pressure Ahead of Biden-Trump Debate

Bitcoin and PoliFi tokens, TRUMP, TREMP and BODEN, suffered losses ahead of Thursday's presidential debate. Crypto traders will closely watch the debate, as Trump has made digital assets a vital issue in his presidential campaign. The consensu...
Markets
Jun. 26, 2024

Investcorp and Securitize Launch Fund Tokenization Partnership

Investment manager Investcorp and Securitize have launched a partnership to tokenize funds. This version of real-world assets (RWA) on the chain looks to build efficiencies for investors. Alternative asset manager Investcorp and Securitize ha...
Markets
Jun. 25, 2024

Mt. Gox Effect? Bitcoin Dominance Drops Most in 5 Months

BTC's dominance rate slid as Mt. Gox news weighs over BTC. Short-duration options show renewed bias for puts or downside protection. Some observers say Mt. Gox concerns may be overblown. Bitcoin {{BTC}} is usually less volatile than alternat...
Markets
Jun. 25, 2024

Bitcoin Holds $61K After a Brief Nosedive

Bitcoin is trading above $61K after plunging to $59K as Asia began its trading day Bitcoin has seen significant selling pressure from continued ETF outflow, Mt. Gox's upcoming bankruptcy redemptions, and miner sales. Bitcoin {{BTC}} is stable...
Markets
Jun. 24, 2024

First Mover Americas: Mt. Gox Repayments Worsen BTC Woes

This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Bearish senti...
Markets
Jun. 24, 2024

Ether Traders Buy $4K Calls In Anticipation of Record High

A ton of buying activity observed in ether $4,000 calls expiring in September. The bullish flow is consistent with elevated volatility expectations. Catching a falling knife is risky, but some crypto options traders look to be doing just that...
Markets
Jun. 24, 2024

Mt. Gox to Begin Repayments in July; BTC Slides Under $61K

Defunct bitcoin exchange Mt. Gox said it will start distributing assets stolen from clients in a 2014 hack in July 2024, after years of postponed deadlines. The repayments will be made in bitcoin and bitcoin cash, and could possibly add selling...
Markets
Jun. 24, 2024

Japan’s Metaplanet Wants to Buy Another $6M Bitcoin

Metaplanet plans to increase its bitcoin holdings by purchasing an additional $6 million worth of BTC, adding to its existing $9 million investment. The funds for the purchase will come from an upcoming bond issuance on Wednesday. Stock prices ...
Markets
Jun. 24, 2024

Bitcoin Nears $62K as Crypto Bulls See $150M in Liquidation

Major tokens experienced a significant drop of up to 7.5% in the past 24 hours, with Bitcoin losing 3% and other major cryptocurrencies such as Ethereum, Cardano, and Solana also seeing declines. The decline led to the liquidation of over $150 ...
Markets
Jun. 24, 2024

Bitcoin's Double Top Suggests BTC Could Fall to $50K: Analyst

The U.S. election and CPI could be a bullish factor later this year. Fed's preferred inflation gauge, the PCE price index, due Friday, could offer relief. Bitcoin {{BTC}} has carved out a double-top price pattern, signaling a potential bearis...
Markets
Jun. 21, 2024

Bitcoin Slumps Under $64K Amid Historic ‘Negative’ Sentiment

Bitcoin's {{BTC}} slow bleed lower over the past weeks has sped up Friday, the price dipping more than 3% in the past 24 hours to slide to about a five-week low of $63,700, now lower by 9% over the past month. Contrarian bulls, however, might t...
Markets
Jun. 21, 2024

Bitcoin ETFs Post $900M in Net Outflows This Week

Spot bitcoin ETFs in the U.S. experienced their fifth consecutive day of outflows on Thursday, totaling over $900 million in losses for the week. Grayscale's GBTC and Fidelity's FBTC led the outflows, while BlackRock's IBIT was the only ETF to ...
Markets
Jun. 20, 2024

Canada's 3iQ Files to List Solana ETP in Toronto

Canadian asset manager 3iQ announced it has filed a prospectus to list a Solana ETF in Toronto. 3iQ was one of the first fund managers to launch a publicly traded Bitcoin fund, as well as an Ether fund in Toronto 3iQ announced today that it h...
Markets
Jun. 20, 2024

LayerZero Says Users Must Pay 10 Cents Per ZRO To Claim Token

LayerZero's ZRO token airdrop requires recipients to donate 10 cents worth of ether (ETH) or a stablecoin for each token they wish to claim. This "proof-of-donation" mechanism is a unique approach in the crypto community, where donations are us...
Markets
Jun. 20, 2024

Stablecoin Issuers Now 18th Largest Holder of U.S. Debt

Stablecoin issuers are the world's 18th biggest holders of U.S. debt. Of the many crypto bills in the U.S. political corridors, stablecoin legislation has been the closest to moving past the U.S. Congress to become law. Stablecoin issuers are...
Markets
Jun. 20, 2024

Dogecoin Traders Appear to Short Token as Meme Coin Frenzy Eases

The crypto market’s biggest meme token is starting to attract short bets amid a general decline in the meme sector, which may spell worry for the meme sector. Coinalyze data shows that Dogecoin {{DOGE}} funding rates have started to turn neg...
Markets
Jun. 20, 2024

Monero's XMR Token Reverses February Slide With Golden Cross

XMR briefly topped $180 last week, reversing the Binance-led February slide. The token has gained nearly 25% in four weeks amid a crackdown on Botnet mining. XMR's daily chart shows a bullish golden cross pattern. It is said that markets typ...
Markets
Jun. 19, 2024

Bitcoin Whales Sold Over $1B BTC in Past Two Weeks: CryptoQuant

Long-term bitcoin holders and miners have been significant sellers of the cryptocurrency in the past two weeks with little indication of renewed buying interest. This trend has been observed through a decrease in UTXO age bands, indicating inc...
Markets
Jun. 19, 2024

Elevated Ether Volatility Expectations May Be Unfounded

The spread between ether and bitcoin implied volatility indexes has widened, reflecting excitement about the potential debut of spot ETH ETFs in the U.S. Volatility pricing may be off the mark because institutions might use the spot ETFs to set...
Markets
Jun. 18, 2024

Dogecoin Bulls See $60M Liquidations in Biggest Hit Since 2021

Bullish bets on dogecoin (DOGE) futures saw $60 million in long trades liquidated, more than for bitcoin (BTC) futures. The liquidations occurred as DOGE prices dropped over 10%, reflecting broader market sell-offs and a bearish sentiment in th...
Markets
Jun. 14, 2024

Here's Why Bitcoin's Not Keeping Pace With Nasdaq

Bitcoin lost 6% in one week even as Nasdaq climbed to an all-time high. Crypto-specific factors like profit-taking by holders and increased selling by miners seem to be holding back the BTC price. Bitcoin {{BTC}} has declined over 6% in seven...
Markets
Jun. 14, 2024

Bitcoin ETFs See $226M Outflows Led by Fidelity’s FBTC

U.S.-listed bitcoin ETFs experienced outflows totaling over $226 million on Thursday, marking the third day of outflows this week. This trend echoes the stream of outflows that took place at the end of April. U.S.-listed bitcoin {{BTC}} excha...
Markets
Jun. 13, 2024

First Mover Americas: Bitcoin Holds $67K, CRV Slides

This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices Top Stories Bitcoin held ...
Markets
Jun. 13, 2024

Paxos Cuts 20% of Staff: Bloomberg

Paxos has laid off 65 people as it increases its focus on tokenization. CEO Charles Cascarilla wrote in a company email that the firm is in a "very strong financial position to succeed.” Digital assets company Paxos has laid off 65 people, or...
Markets
Jun. 12, 2024

Bitcoin ETFs See $200M Net Outflows in Fed, CPI Jitters

U.S.-listed spot bitcoin exchange-traded funds (ETFs) recorded the second consecutive day of outflows driven by Grayscale's GBTC. The outflows are likely due to traders derisking ahead of U.S. CPI and the Fed rate decision. U.S.-listed spot b...
Markets
Jun. 11, 2024

Will Trump Trounce Biden? Polymarket Traders Are Betting on It.

This week in prediction markets Do prediction markets have a pro-Trump bias? Or do they just put a premium on the front-runners? Trump and Biden will likely debate, while Trump won't be charged with another felony, Polymarket prices signal. K...
Markets
Jun. 07, 2024

Big Friday Crypto Selloff Pulls Bitcoin Below $70K

Challenging an all-time high earlier Friday, bitcoin has pulled back, giving up most of its weekly gains The selloff in the rest of the cryptocurrency market was far larger as speculative fever cooled The spot bitcoin ETFs are on their largest...
Markets
Jun. 07, 2024

Bitcoin Could Lift to $83K in the Coming Days, Analyst Says

10x Research projects a rally to $83,000 based on technical analysis. The bullish breakout is likely to happen on Friday or next week. Bitcoin {{BTC}} may be setting up for a rise to $83,000 as it completes a major bullish price pattern on th...
Markets
Jun. 07, 2024

Bitcoin Bets Hit Peak of $37B as ETF Inflows Set New Record

Bitcoin traders have set a new record for BTC futures positions, with open interest surpassing $37.7 billion. The surge in open interest coincides with record inflows into spot bitcoin ETFs and a bullish long-short ratio, indicating positive ma...
Markets
Jun. 05, 2024

VanEck Sees Ether Hitting $22K by 2030

VanEck projects that ether will hit $22,000 by 2030. This thesis is based upon ether's disruptive ability, progress with the ETF, and VanEck's read of on-chain data. VanEck has a new price target for ether {{ETH}}, the native token of the Eth...
Markets
Jun. 04, 2024

Bain Capital Crypto Raising Second Fund: Filing

Bain Capital Crypto is planning to launch a second fund, according to a U.S. Securities and Exchange Commission filing . Bain Capital launched its first crypto fund in March 2022. The $560 million fund launched just before the collapse of Do ...
Markets
Jun. 04, 2024

Uniswap, Starknet, BNB Lead Altcoin Gains as Bitcoin Hits $71K

Bitcoin hit a two-week high above $71,000 before paring gains, up 1.5%. May ISM manufacturing data showed a slowing U.S. economy, buoying rate cut expectations. Bitcoin miners CORZ, WULF, BTDR booked double-digit gains. Several altcoins led ...
Markets
Jun. 04, 2024

Options Traders Brace for Volatility as BNB Nears Record High

BNB is less than 10% away from its record high of $705. Options traders remain cautious with purchases of puts with strikes from $550-$650. BNB has been performing well due to high participation in Binance Launchpad and Launchpool projects. ...
Markets
Jun. 04, 2024

Bitcoin-Based Meme Coin DOG Rockets Toward $1B Market Cap

DOG market cap is approaching $1 billion following a 200% rise in the past month. It is the largest meme coin on the Bitcoin blockchain and the seventh largest overall. The rally comes after a 60% decline following its launch and the bitcoin h...