Bitcoin

Bitcoin

Markets

First Mover: Wacky Bitcoin-to-DeFi Crypto Markets Might Be New Home of Capitalism

Cryptocurrency markets from bitcoin to DeFi might be full of rampant speculation, but they also might be keeping the fires of capitalism lit.

New digital markets might be the place where capitalism is getting revived. ("Portraits at the Stock Exchange" by Edgar Degas/Metropolitan Museum of Art, modified by CoinDesk.)

Markets

Bitcoin Options Open Interest Nears All Time High – But Rise in Puts Could Presage Drop

While soaring open interest can be a sign of a continuing trend, the offloading of calls suggests bitcoin could correct further.

Maria Prymachenko. Ukrainian bull. 1977
(Ввласенко/Wikimedia Commons)

Markets

Bitcoin in Cuba: A Local YouTube Influencer Explains How It Works

Bitcoin in Cuba is "growing and gaining strength," according to YouTube influencer Erich García Cruz. Here's how Cubans are using crypto.

Havana-based Erich García Cruz runs the Bachecubano YouTube channel and its 22,000 subscribers. (Erich García Cruz)

Tech

Bitcoin Has Lost Its Way: Here’s How to Return to Crypto’s Subversive Roots

Bitcoin has traded its radical potential for the prospect of mainstream adoption. It's not worth it, writes Rachel-Rose O'Leary.

Projects like Darkwallet extend the ideological reach of what should remain private. (Rachel-Rose O'Leary)

Markets

Market Wrap: Bitcoin Breaks $11.8K; BTC in DeFi Doubles in August

Bitcoin price is on the upswing as the amount of the world’s oldest cryptocurrency locked in DeFi jumps.

CoinDesk 20 Bitcoin Price Index

Markets

First Mover: Collapsing Bitcoin Futures Premium Offers Glimpse of New Digital Money Market

Dollar-linked "stablecoins" are being used in exotic cryptocurrency trades, similar to the way money markets serve as liquidity on Wall Street.

Dollar-linked "stablecoins" provide the liquidity to fund exotic cryptocurrency trades. (Waterfall at Mont-Dore by Achille-Etna Michallon, from the Metropolitan Museum of Art archives, modified by CoinDesk)

Markets

Bitcoin Risks Deeper Drop if Dollar Rebounds

The bitcoin price could pull back even further should the dollar stage a full-blown recovery on the back of the latest Fed meeting.

banknote, dollar

Markets

Market Wrap: Bitcoin Sinks to $11.6K as Ether’s Gas Keeps Rising

As bitcoin’s price falls, Ethereum’s fees rise.

CoinDesk 20 Bitcoin Price Index

Markets

Stablecoin Demand May Drop if Traders Abandon Bitcoin ‘Cash and Carry’ Strategy

Institutional demand for stablecoins may cool because yield on “carry trades” has been cut in half since Monday.

This isn't how a "cash and carry" trade works. (Pixabay)

Markets

Bitcoin’s Bull Run Is Slowing – Pullback Now Expected

Some analysts are now predicting further price corrections after bitcoin fell back below the $12,000 milestone on Tuesday.

coindesk-BTC-chart-2020-08-19