As Bitcoin dipped to its lowest point in 10 days, altcoins followed suit
As Bitcoin dipped to its lowest point in 10 days, altcoins followed suit, succumbing to widespread losses across the market. Ethereum, Solana, Dogecoin, and other major cryptocurrencies have seen their values plummet by 5-8% within just one day. Despite Bitcoin's brief rally over the weekend, surpassing $64,000, the start of the new week brought renewed bearish sentiment, pushing its price below $62,000 once again.
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Steven Cohen's Point72 Also an Owner of Bitcoin Via Spot ETFs
Steve Cohen's Point72 held $77.5 million of the Fidelity Wise Origin Bitcoin Fund in the first quarter. Point72 joins several other hedge funds who have disclosed allocations into the spot bitcoin ETFs. Point72, the $34 billion hedge fund of ...
Markets
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Solana's SOL Could Hit $200 By Month End, Hedge Fund Founder Says
Solana's SOL hit its highest price in a month Friday outperforming most crypto majors. The token is "still the best trade this cycle," and could reach $200 by the end of May, Syncracy Capital co-founder said. Solana's native token {{SOL}} has...
Markets
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Bitcoin Rises Above $67K, but Lags Broader Crypto Market as ETH, SOL, LINK Post Big Gains
The price of bitcoin {{BTC}} has nudged above the $67,000 level for the first time in nearly one month as animal spirits in cryptocurrencies return following eight weeks of sideways-to-lower action. At press time, bitcoin was trading at $67,250,...
Markets
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NEAR Token's 10% Gain Tops CoinDesk 20 Last Week: CoinDesk Indices Market Update
CoinDesk Indices ( CDI ) presents its bi-weekly market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index ( CD20 ) and the broad CoinDesk Market Index ( CMI ). All but two members of the CoinDesk 20 c...
Markets
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First Mover Americas: Bitcoin Regains $66K Following Bullish ETF Data
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 (BTC)...
Markets
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Bitcoin Traders Target $74K Next Week as BTC Spot ETFs Log Four Days of Inflows
Bitcoin could potentially surpass its all-time highs of $74,000 as early as next week due to increasing institutional demand and risk appetite for assets. The U.S.-listed spot exchange-traded funds (ETFs) tracking Bitcoin have seen four straigh...