Markets

Markets

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First Mover Americas: Bitcoin Hovers Below $48K; Immutable X Soars

The latest price moves in crypto markets in context for Feb. 12, 2024.

Immutable chart (CoinDesk)

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Bitcoin May Face Stiff Resistance Near $48.5K, On-Chain Analysis Shows

Nearly 270,000 BTC have been acquired at an average cost of $48,491, as analysis by IntoTheBlock shows.

Bitcoin Addresses (IntoTheBlock)

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Bitcoin 'Stronger’ Ahead of Halving: Grayscale

Spot bitcoin ETFs have amassed more than 192,000 bitcoin in holdings, as of Friday, since their launch nearly a month ago.

image of someone splitting a log vertically in half with a long-handled ax

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Bitcoin Logs Biggest Weekly Gain Since October as S&P 500 Tops 5K

The S&P 500 look expensive relative to bonds, but that does not imply risk aversion or outflow of money from stocks and crypto and into Treasury notes.

BTC's price (CoinDesk)

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Vibe Check: Momentum Building: CoinDesk Indices' Todd Groth

Periodic observations and market musings from Todd Groth, Head of Research, CoinDesk Indices.

Arrow Up (Unsplash)

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First Mover Americas: Bitcoin Seen Topping $50K This Weekend

The latest price moves in crypto markets in context for Feb. 9, 2024.

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Bitcoin Crosses $46K as Year of 'Long' Begins, Easing ETF Sell-Off

Over the next few days, East Asia will celebrate the start of the year of the dragon, which is considered to be one of the luckiest and most prosperous animals in the Chinese Zodiac.

(Rachel Sun/CoinDesk)

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JPMorgan Survey Shows Over Half of Institutional Traders Don't Want Crypto Exposure

The bank’s survey of over 4,000 traders found that 78% of the participants do not plan to trade cryptocurrencies, while just 12% plan to do so in the next five years.

(Shutterstock)

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Bitcoin ETFs (Ex-GBTC) Now Hold More BTC Than MicroStrategy

The bitcoin exchange-traded funds (ETFs) through Wednesday held a combined 192,255 bitcoin, more than 2,000 above that of MicroStrategy, the largest publicly traded holder of the cryptocurrency.

Michael Saylor, executive director, MicroStrategy (Marco Bello/Getty Images)

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First Mover Americas: Bitcoin Approaches $45K; Crypto Trading Volumes Rise

The latest price moves in crypto markets in context for Feb. 8, 2024.

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