Cryptocurrency

Cryptocurrency

Markets

Bitcoin Rises Above $42K; Resistance at $46K-$50K

Momentum is turning bullish over the short term.

Bitcoin daily price chart shows support/resistance. (Damanick Dantes/CoinDesk, TradingView)

Learn

No Stupid Questions: What’s a Crypto Token, Anyway?

While you might be familiar with cryptocurrencies and how they work, do you know what they actually are?

(MARK GARLICK/SCIENCE PHOTO LIBRA/Getty Images)

Markets

3 Reasons Bitcoin Is Staying Resilient to Powell's Hawkish Remarks

The inversion of the yield curve signals the Fed may compromise in the future, so it's a good sign in part, one trader said.

Bitcoin tops $43K even as Powell opens the doors for a 50 basis point rate hike. (CoinDesk, Highcharts.com)

Markets

Market Wrap: Bitcoin Pulls Back After Fed Chair's Comments; Volatility Oversold

Some traders expect greater price swings after month-end volatility selling.

U.S. Federal Reserve (Shutterstock)

Learn

What Is LUNA and UST? A Guide to the Terra Ecosystem

TerraUSD (UST) and LUNA tokens are connected on the Terra blockchain.

(Luca/Unsplash)

Markets

Bitcoin Fades From Resistance; Support at $37K-$40K

Pullbacks could be limited over the short term.

Bitcoin four-hour price chart shows support/resistance, with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

Markets

Traders Bet on Ether Staking After Ethereum 2.0 Upgrade

Ether staking yields are likely to be in the range of 10% to 15% following the Ethereum 2.0 upgrade, one trader said.

Ethereum 2.0 (Shutterstock)

Layer 2

What Is ApeCoin and Who Is Behind It?

A carefully coordinated marketing campaign takes great pains to distance the new token from Yuga Labs, but the firm that created the Bored Ape NFTs appears to be deeply involved.

(The British Library, modified by CoinDesk)

Markets

Market Wrap: Ether Outperforms, Bitcoin Rises Above $42K

ETH was up as much as 5% over the past 24 hours, compared with a 2% rise in BTC.

Ether 24-hour price chart (CoinDesk)