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Markets

Markten

DeFi Token YFI Rises Above $50K for the First Time Since February

A "Buy Back and Build" proposal approved in January aims to bolster the project's treasury and generate value for all stakeholders.

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$623M in Bitcoin From 2016 Bitfinex Hack Moved Under Cover of COIN Hype

But the impact on the market may be little.

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Markten

Coinbase Direct Listing Gets $100B+ Valuation as Share Price Jumps in Nasdaq Debut

The Coinbase listing is seen as a watershed moment for the cryptocurrency industry.

Coinbase CEO Brian Armstrong. (CNBC, modified by CoinDesk)

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Bitcoin Uptrend Intact as HODLers Seem Less Tempted to Sell

Long-term BTC hodlers are less tempted to sell relative to prior bull markets, according to data from Glassnode.

The term "HODL" is crypto-industry slang for the practice of holding tokens for the long term.

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DOGE Rides Crypto Wave to New All-Time High Prior to Coinbase Nasdaq Listing

Dogecoin doesn't trade on Coinbase but it has rallied ahead of the exchange's shares trading on the Nasdaq.

Dogecoin price on CoinDesk 20

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What Would Biden’s Tax Hikes Mean for Bitcoin?

Tax hikes could encourage profit taking in cryptocurrencies, but some investors remain bullish as ongoing stimulus could trigger inflation.

President Joe Biden meets Monday with members of Congress on his infrastructure and jobs plan.

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Bitcoin, Ether Hit New All-Time Highs on Eve of Coinbase Listing

Bitcoin has picked up a tail wind in the lead up to Coinbase's stock listing on Nasdaq

Bitcoin's price on Tuesday passed $63,000 for the first time in its 12-year history.

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JPMorgan Says Bitcoin ETFs Could Shrink CME Futures Premium

"Launching a bitcoin ETF in the U.S. will be the key to normalizing the pricing of bitcoin futures," according to JPMorgan.

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Bitcoin Dominance at 2-Year Low as XRP, Binance's BNB Rally

Bitcoin prices have doubled this year, but several major altcoins have risen by many multiples.

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Markten

Bitcoin Struggles Near $60K; Short-Term Support Around $58K

Bitcoin struggled near $60K again; support is nearby around $58K as buyers take some profit.

BTC Four-Hour Chart