Markets

Markets

Markets

U.S. Investors Are Driving Bitcoin’s Price Surge as Institutional Demand Rises

BTC price gains and trading activity have mostly concentrated during U.S. market hours, according to K33 Research.

(Getty Images)

Markets

Bitcoin, Ether Hold Steady as Investors Shrug Off Upbeat Economic Data, Rekindled Inflationary Concerns

Risk markets appear to have already priced in rate hikes, and remained largely unstirred by today’s unexpectedly strong economic data.

Bitcoin and other major cryptocurrencies have been riding along relatively flat terrain.  (Marianna Lutkova/Unsplash)

Finance

CME Group Announces Plans to Launch ETH to BTC Ratio Futures

The futures will be cash-settled, the derivatives exchange said.

Chicago Mercantile Exchange Center (Raymond Boyd/Getty Images)

Markets

First Mover Americas: Coinbase Responds to the SEC’s Lawsuit

The latest price moves in crypto markets in context for June 29, 2023.

Coinbase CEO Brian Armstrong (Coinbase)

Markets

CoinDesk Indices Smart Contract Platform Highlights the Difference Between Bitcoin and Ether Performance

Stablecoin supplies on smart contract platforms continue to trend downward, but the smart contract index has maintained a solid performance.

(Unsplash)

Markets

Bitcoin Drops Below $30K as Altcoins Tumble; BTC Dominance Reaches 26-Month High

Bitcoin's market cap composes 52% of the total crypto market, its highest level since April 2021.

Bearish stock financial, bear market chart falling prices down turn from global economic and financial crisis. (Getty Images)

Markets

First Mover Americas: First Leveraged Bitcoin ETF in U.S. Trades $5.5M on Day One

The latest price moves in crypto markets in context for June 28, 2023.

(Wance Paleri/Unsplash)

Markets

MicroStrategy's Bitcoin Purchases Tend to Be Short-Term Negative for Prices, Research Shows

Past data shows bitcoin tends to drop 2% on the day MSTR announces new purchases.

BTC/USD chart (TradingView)

Markets

CFX Drops 6% After Conflux Network Says DWF Labs Bought $18M of Its Tokens

Conflux token's dour reaction is consistent with the prevailing investor disinterest in alternative cryptocurrencies.

Andrei Grachev Managing Partner DWF LABS (LinkedIn, Modified by CoinDesk)

Web3

Azuki NFT Prices Slide 44% After Creator Releases 'Basically Identical' Elementals

Elementals became the most-hyped and largest NFT offering in recent months, but community reaction has been critical.

Azuki Elementals (OpenSea)