Markets

Markets

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)

Markets

Crypto Markets Today: Bitcoin Rebounds, but Downtrend Still Looms

Bitcoin crept back toward $92,000 as markets slowly recovered from last week’s heavy sell-off, but mounting resistance threatens to keep the broader downtrend intact.

Bull vs bear (Midjourney/Modified by CoinDesk)

Markets

Bitcoin and S&P 500 Year-End Bull Run Loading? Vol Metrics Say Yes

Implied volatility indices tied to bitcoin and the S&P 500 have erased the recent spike, offering bullish price signals.

Hands rest on the keyboard of a laptop showing trading graphs, data. (Kanchanara / Unsplash modified by CoinDesk)

Markets

South Korea Suspects North Korea-Linked Lazarus Behind $36M Upbit Hack

On Thursday, South Korea's largest digital asset exchange, Upbit, suspended deposits and withdrawals after detecting unusual activity in the Solana network tokens.

South Korea investigates possible Lazarus involvement in the Upbit hack. (Image via Shutterstock)