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Videos

Traders Call $120K Bitcoin Next Resistance Level

Where is bitcoin's next resistance level? Data from Deribit shows that BTC's $120,000 strike call option is the most popular contract at the moment, with a notional open interest of over $1.9 billion. CoinDesk's Christine Lee presents the "Chart of the Day."

Traders Call $120K Bitcoin Next Resistance Level

Markets

With U.S. Financial Conditions the Loosest in Years, Bitcoin Can Continue to Thrive: Van Straten

Financial conditions in the U.S. are the loosest since August 2021, providing further tailwinds for crypto.

National Financial Conditions Index (chicagofed.org)

Markets

MicroStrategy Added 15.4K Bitcoin for $1.5B as Saylor Pitches BTC to Microsoft

The purchases took place over the week ended Sunday and were funded with share sales under the company's ATM program.

MicroStrategy Executive Chairman Michael Saylor (Credit: CoinDesk/Danny Nelson)

Markets

Short-Term Bitcoin Holders Have Moved Nearly $8B Worth of BTC to Exchanges, Signaling Price Bottom: Van Straten

As bitcoin approached $100,000 we saw record notional profit-taking, however, as bitcoin dropped to almost $90,000 we are seeing record notional loss-taking.

BTC: Short Term Holders in Loss to Exchanges (Glassnode)

Markets

Bitcoin Long-Term Holders Have 163K More BTC to Sell, History Indicates: Van Straten

Long-term holders have sold almost 550,000 BTC as the rising price spurs profit-taking.


Markets

MicroStrategy Upsizes Debt Offering to $2.6B; Breaks Into Top 100 U.S. Public Companies by Market Cap

The company's stock is now up over 500% year-to-date, approaching a $100 billion market cap.

MicroStrategy Executive Chairman Michael Saylor (Credit: CoinDesk/Danny Nelson)

Videos

Bitcoin Tops $93K Lifetime High As U.S. Demand Surges

Bitcoin price continues its record setting pace this week, blasting through the $90,000 resistance level and winning a new record over $93,000 in the U.S. morning Wednesday. CoinDesk Senior Anchor Christine Lee explains what is behind this latest surge on "Chart of the Day."

Chart of the Day

Markets

Bitcoin Touches Record-High $85K, Adds Almost $20K in a Week

Gold and most of the so-called magnificent seven tech stocks are down on the day.

Bitcoin bulls are out ((Unsplash/Peter Lloyd)

Markets

Where the Demand Comes From as Bitcoin Breaks Through $82K: Van Straten

As bitcoin hits new highs, it's helpful to examine the data to understand where the demand is coming from.

Spot CVD on Coinbase: (Source: Glassnode)

Markets

Bitcoin's Drop on Thursday Spurred Panic Sales Among Short-Term Holders: Van Straten

Over $2 billion worth of bitcoin was sent to exchanges at a loss on Thursday, the most since August's yen carry trade unwind, as bitcoin fell below $70,000.

BTC: Transfer Volume from STHs in Loss to Exchanges (Glassnode)