Market Wrap

Market Wrap

Markets

Ether Tumbles 6% as ETH ETF Hopes Dim Amid Regulatory Probe Reports

CoinDesk reported Wednesday that the Ethereum Foundation faces a confidential inquiry, and Fortune said the SEC is examining whether ETH is a security.

ETH price (CoinDesk)

Markets

Bitcoin Rebounds to $65K as Investors Weigh Looming Fed Decision Risk

Disappointing flows into bitcoin ETFs over the past days partly resulted from investors trimming risks ahead of Wednesday's FOMC meeting, one market observer said.

Fed Chair Jay Powell is set to speak after the central bank held policy steady (Helene Braun/CoinDesk)

Markets

Bitcoin's Wild Four Hours: New Record of $73K, Tumble to $69K, Rebound to $71K, $360M in Liquidations

Momentum behind bitcoin's rally has waned so expect a period of consolidation, Matrixport analysts noted.

Rollercoaster (Matt Bowden/Unsplash)

Markets

Bitcoin Tops $68K, Nearing Silver's $1.38T Market Cap

Ether also hit a new milestone, recording its highest price since January 2022.

Bitcoin price on March 4 (CoinDesk)

Markets

Bitcoin Blasting Toward Biggest Monthly Gain in 3 Years

The cryptocurrency has more room to run, analysts say.

(NASA)

Markets

Bitcoin Suddenly Plummets 7% After Hitting $64K, Triggering Over $700M Crypto Liquidations

The world's largest crypto soared to $64,000 Wednesday before quickly reversing to $59,000, CoinDesk data shows.

Bitcoin price (CoinDesk)

Finance

Bitcoin Tops $63K for First Time Since November 2021

Spot bitcoin ETFs are seeing massive inflows of money and BTC is crossing $1,000 milestones one after another in quick succession.

Bitcoin price rose 20% in a week (CoinDesk)

Markets

Bitcoin Tops $54K, May Run Towards $58K as Crypto Rally Resumes

Bitcoin could target $58,000 after the breakout, Swissblock analysts suggested.

Bitcoin price on Feb. 26 (CoinDesk)

Markets

Bitcoin Hits $52K, Regains $1T Market Cap; Genesis Cleared to Sell $1.3B GBTC Shares

Some traders are targeting the $64,000 level in the coming weeks as demand from spot bitcoin exchange-traded fund products grows.

Bitcoin price on Feb. 14 (CoinDesk)

Markets

Bitcoin Drops 2% on Hotter-Than-Expected U.S. Inflation

The January CPI reading reduced expectations for interest-rate cuts in the next months, weighing on risk assets such as crypto.

Bitcoin fell from the $50,000 level after the January CPI report. (CoinDesk)