Share this article
First Mover Americas: Bitcoin Regains $29K
The latest price moves in crypto markets in context for April 26, 2023.
Updated Apr 26, 2023, 1:31 p.m. Published Apr 26, 2023, 12:12 p.m.
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
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Top Stories
Bitcoin gained 6% on Wednesday, breaking its five-day losing streak, as the cryptocurrency reached $29,000 for the first time in a week. Ether, the second-largest cryptocurrency by market value, rose 4.5%. The moves up come as concerns over U.S. banking stability ramp up again, with shares of First Republic Bank (FRC) dropping 50% on Tuesday after the San Francisco-based lender revealed that customers pulled more than $100 billion from their accounts last month. The slide stressed U.S. markets, as the Dow Jones Industrial Average lost 1% and tech-heavy Nasdaq 100 fell almost 2% on Tuesday.
Joseph Seibert, who was head of digital assets at Signature Bank, and four members of his Signet team have joined Fortress Trust, a Nevada-based chartered trust company that specializes in cryptocurrency and Web3. Signature Bank, which was a crypto-friendly institution, was shut down in March after depositors withdrew large sums of money following the collapse of Silicon Valley Bank, another bank with crypto ties. Signet was a payments platform that was popular with Signature's institutional crypto customers.
Talos, a crypto trading platform for institutional investors, is working with Coinbase Prime to expand access to digital assets for customers of both firms. With rising demand from institutional investors for more secure and efficient trading platforms, the agreement offers Talos customers access to Coinbase Prime for spot liquidity and custody services, according to a press release. The pact will also give Coinbase Prime customers access to Talos’ trading and connectivity products.
Chart of the Day
- The chart shows changes in the market value of the top 10 stablecoins since February.
- Tether has strengthened its dominance for the third-straight month in April, with its market cap rising 2.03% to $81.5 billion, while BUSD and USDC continued to lose ground.
- TUSD's market cap has increased by 4.19% to $2.13 billion.
- Despite TUSD's growing popularity, the tether-denominated bitcoin trading pairs remain the most liquid.
Trending Posts
Sizin için daha fazlası
Bilinmesi gerekenler:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Sizin için daha fazlası
IMF Flags Stablecoins as Source of Risk to Emerging Markets, Experts Say We Aren't There Yet
The IMF warns that USD-pegged stablecoins could undermine local currencies in emerging markets by facilitating currency substitution and capital outflows.
Bilinmesi gerekenler:
- The IMF warns that USD-pegged stablecoins could undermine local currencies in emerging markets by facilitating currency substitution and capital outflows.
- Despite concerns, experts argue that the stablecoin market is still too small to have a significant macroeconomic impact.
- Stablecoins are primarily used for crypto trading, and their market size remains small compared to global currency flows.
Top Stories
