Latest Crypto News

Markets

JPMorgan says bitcoin's lower volatility relative to gold might make it 'more attractive' in long term

ETF redemptions and futures liquidations are pressuring crypto markets, the bank said, even as rising gold volatility quietly strengthens bitcoin’s longer-term investment case.

Gold (Unsplash/Zlataky/Modified by CoinDesk)

Markets

Bitcoin spirals toward $60,000, heading to worst one-day drawdown since FTX blowup

One analyst points to the 200-day moving average — currently around $58,000 to $60,000 — as a potential support level to watch.

A trader slumps at his desk in front of chart screens (Getty Images+/Unsplash)

Markets

Bitcoin is the third most oversold ever, says one indicator, and violent upside could be next

The Relative Strength Index (RSI), a popular technical trading indicator, has plunged to 17. Only the bear market bottom in 2018 and the 2020 Covid crash saw lower reads.

Bitcoin RSI

Policy

U.S. Treasury's Bessent calls out crypto 'nihilists' resisting market structure bill

Treasury Secretary Bessent said market participants who don't want strong regulation should "move to El Salvador."

Secretary of the Treasury Scott Bessent (Kevin Dietsch/Getty Images)
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Finance

Tom Lee's Bitmine now $8 billion underwater as ether tumbles below $2,000

Despite its mounting losses and plunging share price, the ether treasury firm says it's under no pressure to sell its holdings.

Tom Lee

Markets

Gemini to exit U.K., EU and Australia, reduce staff by 25%, and focus on U.S. and prediction markets

The crypto exchange has instructed affected customers to sign up with eToro by the end of March for withdrawals, while deposits and new accounts have been suspended.

Gemini co-founders Cameron and Tyler Winklevoss at White House (Jesse Hamilton/CoinDesk)

Markets

Strategy has $6.5 billion loss on BTC, but continues trading at premium to value of its assets

Ahead of the fourth-quarter earnings report tonight, shares are down another 13% as bitcoin falls back to $68,000.

Strategy Executive Chairman Michael Saylor (Danny Nelson, modified by CoinDesk)

Finance

Sovcombank says it's the first Russian bank to offer bitcoin-backed loans to public

Larger rival Sberbank beat Sovcombank to the punch, but it's still running as a pilot program.

Sovcombank office in a historic building in Vyborg. (Photo: Vesan99-Wikimedia Commons/Modified by CoinDesk)
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Tech

Solana Foundation's Liu: Focus on finance, not gaming 'misadventures'

Liu’s remarks come as cryptocurrencies plunge and other industry leaders are narrowing their own visions for blockchain utility.

Solana Foundation President Lily Liu (CoinDesk)

Markets

Tom Lee's Bitmine may be buying ETH, but Vitalik Buterin and everyone else appears to be selling

Ether has dropped below $2,000, underperforming other major cryptocurrencies as selling accelerates from leveraged traders, onchain liquidations and long-term holders.

Bitmine chairman Tom Lee

CoinDesk Indices

Crypto for Advisors: Rethinking crypto diversification

Beyond Bitcoin: How advisors use indices to broaden crypto exposure.

Block wall
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Markets

Bitcoin's rising leveraged position points to continued dip buying, but may not yet signal price bottom

Bitfinex margin longs surge to a two-year high as bitcoin falls below $69k.

BTCUSD Longs Bitfinex (TradingView)

CoinDesk Indices

CoinDesk 20 performance update: Ripple (XRP) plunges 12.2% as index declines

Sui (SUI) joined Ripple (XRP) as an underperformer, falling 9.5% since Wednesday.

CoinDesk

Markets

Here is what industry veterans are saying as bitcoin tumbles below $70,000

"This drawdown feels horrible not because of the magnitude, but because it’s unfair," said longtime bitcoin maxi Samson Mow.

Bitcoin plunges below $40K (Eva Blue/Unsplash)

Markets

Bitcoin falls under $68,000 with traders betting move to low-$60,000s

Crypto liquidations crossed $1 billion over the past 24 hours, wiping out about $980 million million in bullish leveraged bets

Trading screen
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