Markets

Markets

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Bitcoin Unlikely to Replace US Dollar as Global Reserve: Marc Chandler

"Backing the dollar is the world's biggest, deepest and the most transparent government bond market," said Marc Chandler, chief market strategist at Bannockburn Global Forex and author of the book "Making Sense of the Dollar."

Crypto reserve. (CoinDesk archives)

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BitMEX Ether Futures Trading Contracts Fall by Half in Wake of US Charges

Open interest on the Seychelles-based cryptocurrency exchange is down nearly 50% from the $125 million observed Oct. 1.

Ether futures open interest on BitMEX has fallen by half since U.S. charges were announced last week.

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Open Interest in CME Bitcoin Futures Slides as Market Sapped by Surging DeFi

Institutional interest in bitcoin futures has plummeted as the DeFi explosion made carry trades less attractive, said Bequant's Denis Vinokourov.

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Bitcoin, Stocks Fall as Trump Tests Positive for COVID-19

The cryptocurrency and Asian stock markets dumped early Friday after U.S. Pres. Donald Trump announced he and his wife had tested positive to COVID-19.

Donald J. Trump at a 2016 rally in Hershey, Pennsylvania. (Mark Makela/Getty Images)

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Bitcoin Posts Biggest Monthly Price Loss Since March

Bitcoin faced selling pressure in September as the U.S. dollar rose against major currencies for the first time in six months.

Bitcoin prices for September 2020

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First Mover: Chainlink’s Sorry September Returns Shows DeFi Hysteria Deflating

Chainlink's LINK has been the worst-performing digital asset in September in the CoinDesk 20, during an ugly month across cryptocurrency markets.

September brought DeFi-related tokens (and most other cryptocurrencies) to the ground after a powerful run in August.

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Is Reddit’s MOON Token Really 2,000x Bigger Than the Global Economy?

A unique anomaly means the market cap for a token for incentivizing content on a particular Reddit forum has ballooned to $2.88 septillion.

Reddit

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Bitcoin Has Been Less Volatile Than Tesla Stock for Months

Bitcoin is often criticized for being overly volatile, but it's been a sea of calm compared with Tesla stock in recent months.

Tesla

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On-Chain Data Suggests Ether Investors Bought September Dip

Ether's recent price drop has failed to deter investors from accumulating the cryptocurrency, on-chain data indicates.

Ether prices, Aug. 25 to Sept. 25, 2020.

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Bitcoin's Bearish September Has Kneecapped Crypto ETP Activity: Report

Bitcoin's price woes this month likely put investors off from purchasing crypto ETPs, pushing volumes into a nosedive.

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