Trading

Ethereum’s Shanghai Upgrade Will Not Crash Ether Price, Analysts Say
Crypto analysts CoinDesk interviewed are saying concerns are overblown and selling pressure will be limited.

Bitcoin Price Holds Steady Above $23K as Silvergate Capital Crumbles
That Silverage’s troubles are not a negative catalyst for BTC’s price “has to be seen as a positive,” one analyst says.

Xmon Tokens Fall 80% After End of SudoSwap Lock Drop Program
Traders initially bid up prices of Xmon to get an airdrop of sudo, the governance tokens of SudoSwap.

Bitcoin Holds Strong Over $23.6K to Continue Recent Consolidation
DeFi giant Maker’s MKR token surged nearly 19%. Equities turned mixed amid ongoing investor worries about inflation.

Bitcoin Jumps 4% as Upbeat China Manufacturing Data Improves Risk Appetite
The cryptocurrency's Wednesday bounce is consistent with the recent trend of Asian flows leading the market strength.

Crypto Market February Roundup: Bitcoin Layer 2 Protocol Stacks, Ethereum Staking Derivative Tokens Surge
Stacks’ STX token was the biggest winner among 160 assets in the CoinDesk Market Index, soaring 216% during the month.

Crypto Broker Voyager Digital Sends $121M in Crypto to Exchanges, Sells Ether, Shiba Inu Holdings
Blockchain transaction data by Arkham Intelligence shows Voyager Digital transferred some $121 million of crypto assets to exchanges in February and received some $150 million in USDC stablecoins in the last four days, likely proceeds from sales.

Coinbase Trade Volume Surpasses Uniswap’s, Countering Expectations for a DEX Surge
Many market observers expected a surge in the use of decentralized exchanges following the collapse of FTX, but analysts said many DEXs offer a less-user-friendly experience than centralized ones.

STX Perpetual Futures Open Interest Doubles to $80M as Traders Take Shorts
One analyst suspects traders are betting there isn't a follow-up to Bitcoin NFTs and the STX run is a flash in the pan.

Allure of Bitcoin Ordinals, DeFi Drives Crypto Funds to Bitcoin Layer 2-Token Stacks
The price of Stacks’ native STX token has doubled in two weeks on the back of strong growth for Bitcoin-based non-fungible tokens.

