Bitcoin Falls to $66K as Spot Bitcoin ETFs End Inflow Streak
Bitcoin retraces to $66K as spot Bitcoin ETFs break their inflow streak. Despite the launch of spot Ethereum ETFs, ETH remains sluggish. Meanwhile, Avalanche and FET declined the most, while PEPE and MKR saw gains.
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Markets
Oct. 18, 2024
Dogecoin Jumps 7% as Musk Touts D.O.G.E at Trump’s Pennsylvania Campaign
Elon Musk discussed plans for a "Department of Government Efficiency" (D.O.G.E), leading to a 7% surge in Dogecoin's price, pushing it over 13 cents for the first time since late July. Musk's backing of Trump and the potential political implica...
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
Staked Ether Is Creating a Benchmark for the Crypto Economy, Says ARK Invest
It’s hard for projects to beat the returns offered by staked ether on a risk-adjusted basis. Consequently, the asset and its yield are becoming a benchmark for the crypto economy in similar fashion to the fed funds rate and the traditional econ...
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
First Mover Americas: Bitcoin Recedes to $67K as Crypto Market Sees Slight Dip
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: 2,039.00 ...