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

Strategy added $35 million in bitcoin, $300 million in cash reserves last week

The boost to cash reserves is meant to reassure investors about dividend payments on the company's hard-hit preferred shares, STRC.

Strategy's Michael Saylor (CoinDesk)

Tech

Live markets: Bitcoin gives up morning gains as Nasdaq sheds more than 1%

Eased ETF selling and improving risk appetite are being offset by a firmer dollar and cautious institutional flows, leaving bitcoin range-bound, one analyst said.

(Jakub Żerdzicki/Unsplash)

Markets

Live markets: Bitcoin under pressure as Saylor comments on STRC selloff

About 20% of miners are now unprofitable, and publicly traded miners sold more than 32,000 bitcoin in the first quarter to cover operating costs, more than they offloaded in all of 2025.

Strategy Executive Chairman Michael Saylor at the Digital Asset Summit in New York City on March 20, 2025. (Nikhilesh De)

Tech

Live markets: price action turns panicky in Saylor's STRC as bitcoin drops below $63,000

Total crypto market value has held steady near $2.26 trillion since Tuesday, with the recovery losing momentum after the Fed killed rate-cut hopes and spot ETFs swung back to outflows.

Strategy Executive Chairman Michael Saylor (CoinDesk Television)

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Markets

Fed holds rates steady in first decision under new Chairman Kevin Warsh

The accompanying policy statement and updated economic projections, however, took a hawkish turn.

Kevin Warsh (Getty Images)

Finance

Moody’s rolls out credit ratings on Solana in tokenized asset push

The ratings giant is embedding credit scores directly into blockchain-based securities, a move aimed at boosting institutional adoption.

Solana sign (CoinDesk)

Markets

Kevin Warsh's first Fed meeting could be more about communication than rates

While monetary policy is expected to remain unchanged, markets are focused on whether the new chair begins reshaping how the U.S. central bank communicates.

CoinDesk

Markets

SpaceX's $2.6 trillion market cap nearly double that of bitcoin

Eight days after its IPO, SpaceX has surged past $2.5 trillion to become the world's sixth-largest company. And market watchers say it is pulling the risk capital crypto wants.

https://www.flickr.com/photos/spacex/25790223907/

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Tech

Live markets: Fed holds rates steady, but makes a hawkish turn as Warsh takes over

Bitcoin's Sharpe ratio hit a level that has marked every cycle low since 2015, but in each case it preceded months of basing rather than an immediate rebound.

Kevin Warsh. (Chung Sung-Jun/Getty Images/Modified by CoinDesk)

Markets

Bitcoin miners' AI pivot faces $50 billion reality check, says VanEck

VanEck says investors are shifting focus from contract announcements to execution risk as miners chase AI revenue.

CoinDesk