Markets

Markets

Finance

Euro Stablecoin Market Cap Doubles in Year After MiCA, Study Finds

Prior to MiCA, euro-denominated stablecoins' market cap contracted by 48% in the year leading up to June 2024.

Euro notes (jojooff/Pixabay)

Markets

Crypto Markets Today: Bitcoin Holds Near Weekly High, Altcoins Remain Subdued

Bitcoin steadied near weekly highs as concerns ease, but most altcoins remain weak. Market shows early signs of recovery despite broader downtrends.

Two flower buds (Eric Michelat/Pixabay)

Markets

ADA, ETH, XRP Climb as Bitcoin Climbs Above $93K; Traders Warn of ‘Fakeout Rally’

“The short-term setup has shifted into a choppy pullback, with markets watching whether BTC can stabilize within the $90,000–$91,000 support zone,” one trader said.

Bull vs bear (Midjourney/Modified by CoinDesk)

CoinDesk Indices

Crypto Long & Short: Don’t Write Off Euro Stablecoins Just Yet

In this week’s Crypto Long & Short Newsletter, Martin Bruncko writes that the next big step for stablecoins will be a credible, scalable euro-denominated stablecoin issued by the private sector, not another USD token. Then, we dive into the sharp post-holiday crypto selloff, the upcoming Fusaka upgrade, and why ETH’s role is crucial in leading any broader market recovery — with Andy Baehr’s “Vibe Check.

Biking on Cobblestone street

Markets

Crypto Markets Today: Bitcoin Reclaims $93K as Altcoins Stage Rebound

A broad rally lifted major tokens on Wednesday, with bitcoin and ether bouncing and the majority of altcoins surging, even as ZEC extended a weekly slide.

A metal spiral looks like a coiled spring. (analogicus/Pixabay)

Markets

Crypto Markets Today: Risk-Off Mood Persists as Altcoins Extend Losses

Crypto markets failed to bounce on Tuesday, with bitcoin retracing last week’s gains and altcoins extending losses.

A biplane with smoke trailing from its engine. (cocoparisienne/Pixabay)

Markets

Crypto Markets Today: Hawkish BOJ Comments Spur Sharp BTC Downturn

A sharp sell-off following the CME bitcoin futures open, compounded by hawkish signals from the Bank of Japan, dragged the CoinDesk 20 down nearly 6% on Monday.

Bull vs bear (Midjourney/Modified by CoinDesk)

Markets

China to Intensify Crackdown on Virtual Currencies, Including Stablecoins: Report

Virtual currencies lack the legal status of fiat money, Chinese officials said during an intra-agency meeting on Friday.

Beijing pin

Markets

Bitcoin Pricing in 'Most Bearish Global Growth Outlook' Since Covid and FTX Crash: Bitwise Research

Despite low sentiment and falling prices, Bitwise’s André Dragosch says bitcoin is trading as if a recession is imminent, while macro growth expectations are already improving.

BTC-USD 24-Hour Price Chart (CoinDesk Data)