Altcoins

Altcoins

Markets

First Mover Asia: South Korea's 'Kimchi Premium' Evaporates; Major Cryptos Tumble on Fed Minutes, Continued Global Uncertainty

The gap between bitcoin prices on Korean crypto exchanges and global counterparts has declined from 20% to about 3% over the past year; bitcoin and ether tumbled.

The so-called kimchi premium has evaporated. (Shutterstock)

Markets

Market Wrap: Altcoins Underperform as Traders Reduce Risk

BTC and stocks traded lower after Federal Reserve minutes signaled aggressive monetary tightening could be coming.

Bitcoin daily price chart (CoinDesk)

Markets

First Mover Asia: Singapore Wants More Control Over Crypto Companies That Call It Home but Aren’t There; Major Cryptos Drop

Many crypto companies, especially those with roots in Asia, choose to register their companies in Singapore, but the city-state has grown uncomfortable with the scale of this arrangement; bitcoin and ether fall.

Singapore skyline (Unsplash)

Markets

Market Wrap: Bitcoin and Stocks Briefly Dip After Fed Comments; DOGE Rallies

BTC was roughly flat over the past 24 hours, compared with a 17% rise in dogecoin.

Bitcoin 24-hour price chart (CoinDesk)

Markets

First Mover Asia: Crypto Offering New Opportunities for Inflation-Worried Indonesian Investors; Bitcoin Is Flat

A report by the crypto exchange Gemini found that about two in five Indonesians own cryptocurrencies; ether also held its ground.

Jakarta, Indonesia

Markets

First Mover Asia: DBS Bank's Ditching Retail Exchange Delivers a Small Blow to OSL, Less so to Singapore's Crypto Industry; Bitcoin Rises Late Sunday

Even after the news broke, the stock of OSL's parent, BC Technology Group, continued its week-long winning streak on the Hong Kong markets, rising 5%; bitcoin and ether are up.

CoinDesk placeholder image

Markets

Market Wrap: Bitcoin Rebounds Amid Lower Volatility, Altcoins Outperform

AAVE rallied by 20%, compared with a 4% gain in ETH and 9% rise in SOL on Friday.

Cryptos rebounded after Thursday's dip. (Markus Spiske, Unsplash)

Markets

Bitcoin Ends Q1 Closely Following S&P 500

Data from TradingView shows a correlation between bitcoin and the S&P 500 as bitcoin drops below $45,000.

Bitcoin vs. S&P 500 TradingView)

Markets

First Mover Asia: Tailwinds for South Korea's Crypto Industry; Bitcoin, Ether Plunge

The report earlier this week of SK Group's $1.6 billion investment over the next three years on semiconductors and blockchain follows a presidential campaign that made crypto-friendly policies an important issue; major altcoins also decline.

Gyeongbokg palace in Seoul. (Image credit: Chan Young Lee/Unsplash)