Stephen Alpher

Stephen is CoinDesk's managing editor for Markets. He previously served as managing editor at Seeking Alpha. A native of suburban Washington, D.C., Stephen went to the University of Pennsylvania's Wharton School, majoring in finance. He holds BTC above CoinDesk’s disclosure threshold of $1,000.

Stephen Alpher

Latest from Stephen Alpher


Markets

Bitcoin could slide further on liquidity squeeze, but long-term bull case intact: Sygnum CIO

Fabian Dori says a short-term liquidity squeeze is driving crypto’s slump, with further downside possible, though improving macro data and fundamentals could speed a recovery.

(Photo by Kanchanara on Unsplash/Modified by CoinDesk)

Markets

Core Scientific turns lower after Q4 results disappoint

Riot Platforms topped revenue estimates as it reported earnings for the final three months of 2025.

Mining equipment (Shutterstock)

Markets

Bitcoin’s 5% spike higher Monday driven by short-covering, not fresh buying, says analyst

Market data show rising open interest and large liquidation clusters around $65,000 and above $70,000, underscoring that the rally may be fragile without stronger spot demand

CoinDesk

Finance

Weekend warriors: How HyperLiquid became retail’s bear market playground

While bitcoin and ether remain in bear markets, HYPE has climbed alongside gold as HyperLiquid’s derivatives volume expands, weekend equity trading gains traction.

HyperLiquid continues to make money in bear market (Getty Images/iStockphoto)

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Markets

Bitcoin surges above $68,000 amid muted stock market reaction to Iran war

At their worst levels, U.S. stock index futures had been down more than 2%, but equity markets are barely lower one hour into Monday's trading session.

(Midjourney/Modified by CoinDesk)

Finance

Tom Lee's Bitmine boosts ether holdings to 4.47 million tokens with $98 million ETH purchase

The ether treasury firm now has nearly $10 billion in assets and more than $6 billion of ETH staked.

Thomas Lee, chairman of BitMine and CIO of Fundstrat, on the main stage during Consensus Hong Kong 2026 (David Paul Morris/Consensus)

Policy

Turkey's ruling party unveils 10% crypto income tax proposal

The bill proposes a 10% tax on gains from regulated crypto platforms, withheld quarterly, with the president having the power to adjust the rate between 0% and 20%.

Turkish Flag Turkey (Unsplash)

Markets

Strategy purchased more than $200 million in bitcoin last week

The latest purchase, funded through common and preferred stock sales, lifted total holdings to 720,737 coins valued at more than $47 billion.

Michael Saylor, Executive Chairman of Strategy (MSTR)

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Finance

Bitcoin losing trillions in value hasn't stopped traditional giants' interest in digital assets sector

At the iConnections conference in Miami this week, allocators signaled digital assets are now a core sleeve in alternatives.

CoinDesk

Markets

Strategy lifts STRC dividend to 11.5% as MSTR extends monthly losing streak to 8

Led by Executive Chairman Michael Saylor, the company raised the annual dividend on its widely-followed preferred STRC ("Stretch") series by 25 basis points.

Michael Saylor, Executive Chairman of Strategy (MSTR)