Markets

Markets

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Bitcoin Plunges $403 in 1 Hour to Lowest in a Month

The price plunge came after reports traders were selling an elevated level of bitcoin to exchanges for potential liquidation.

Bitcoin hourly price chart. (TradingView)

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Bitcoin Risks Deeper Price Pullback as Exchange Inflows Spike

Wednesday saw a flurry of deposits onto exchanges, indicating some investors are trying to offload their bitcoin. That could further propel prices downwards.

Bitcoin prices Sept. 1-3 (CoinDesk BPI)

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Bitcoin Price Drops 4% After Latest Rejection at $12K Resistance

Bitcoin fell by $400 Wednesday morning, having failed once more to move above a long-held resistance level.

coindesk-BTC-chart-2020-09-02

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Bitcoin Nears $12K as Dollar Declines to 29-Month Low

Sell-off in the U.S. dollar and ether's price rally power gains in bitcoin.

MOSHED-2020-9-1-8-3-46

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Ether Price Hits 2-Year High

The two-year high was reached alongside a drop in the number of coins held in exchange addresses.

Ether prices since mid-June (CoinDesk)

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US Stocks Closing on Bigger August Gain Than Bitcoin

While bitcoin is eyeing an August gain for the first time in three years, the cryptocurrency is still lagging U.S. stocks over the month.

(3000ad/Shutterstock)

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First Mover: Binance's Shrinking Trading Spreads and Bitcoin's Jackson Hole Fizzle

Traders are getting better fills due to shrinking bid-ask spreads on Binance and other cryptocurrency exchanges. It's a sign of a healthy market.

Shrinking Binance bid-offer spreads might reveal crypto markets maturing. (Rednuht/Creative Commons, modified by CoinDesk)

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Bitcoin, Gold Recover After Jerome Powell Speech Shakes Markets

Bitcoin and gold are reversing losses seen on Thursday after the Federal Reserve's announcement of a more relaxed approach to tackling inflation.

Federal Reserve building, Washington, D.C.

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Bitcoin Pops and Drops After Powell Introduces Average Inflation Targeting

Bitcoin whipsawed on Thursday after the Federal Reserve’s chairman signaled tolerance for high inflation, as expected.

btc chart

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Bitcoin's Implied Volatility Falls Sharply Ahead of Jerome Powell Speech

Bitcoin’s options market foresees little price turbulence in the short-term, even as markets await a key speech from the chairman of the Federal Reserve.

Implied bitcoin volatility.