Bitcoin suffered a price drop of $1,458 in under an hour on Sunday. The sudden slide caught many traders off guard, forcing out a significant amount of buying pressure from the market. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards […]
Omkar Godbole
69 posts
Bitcoin’s price jumped to a fresh 11-month high on Friday, with the options market betting on a sustained bull move. The put-call open interest ratio looks to have risen from 0.50 to 0.63 this week due to greater selling in put options. With the combination of negative skews and a […]
Aave’s LEND token is the day’s top performer among cryptocurrencies with at least $100 million market capitalization. Source link
Even with ether (ETH) close to yearly highs, profitable addresses have grown by a hefty 132% since last July. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent […]
Bitcoin’s rally looks overstretched, according to a technical indicator, but short-term price consolidation looks more likely than a drop, say analysts. Source link
Bitcoin is currently trading above $10,000, but is the latest move into five figures here to stay? Data suggests this rally might have legs. The leading cryptocurrency has failed a number of times during the last 12 months to keep gains above the $10,000 mark. But this time may be […]
The market for Bitcoin futures snapped back into life on Monday as the cryptocurrency’s price surged up to an 11-month high. Source link
The likelihood of bitcoin challenging 2017’s record high by the end of this year may have just nudged up – but don’t raise your hopes too high just yet. Source link
Bitcoin has at last broken convincingly above the all-important $10,000 mark, but why has it struggled so much in recent months when gold has soared to an all-time high? Earlier this year, digital-asset investors were aflutter over the trillions of dollars of central-bank money injections in response to the coronavirus-induced […]
The DeFi-led rally in Ethereum’s ether token looks to have spilled over into the bitcoin market, one analyst said. Source link
Ether, the second-largest cryptocurrency by market value, has more than doubled in value this year, leaving bitcoin, the crypto market leader, far behind. Disclosure: The author holds no cryptocurrency at the time of writing. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic […]
The U.S.-based crypto custody provider has added support for litecoin, the eighth-largest cryptocurrency by market capitalization. Source link
One of the things crypto traders like about bitcoin is that it’s resistant to inflation, potentially serving as a hedge against the trillions of dollars of money that central banks have printed this year to address the coronavirus-inflicted economic collapse. But what if a cryptocurrency were designed to produce its own inflation […]
Trading activity in bitcoin futures listed on the Chicago Mercantile Exchange (CME) has cooled notably as the leading cryptocurrency languishes in the price doldrums. Daily trading volume fell to $87 million (via 1,895 contracts) on Friday to hit the lowest level since April 17, when the exchange-traded contracts were worth […]
The native token of the decentralized lender Aave has risen by over 100% this month alone. Source link
Bitcoin miners curtailed their supply to exchanges to the lowest level in 12 months during the second quarter, revealing their long-term bias on the cryptocurrency. The daily miner selling activity, as measured by the percentage of bitcoin sent to exchanges, fell to a 365-day low of 15% on May 20, […]
With bitcoin looking heavy this week, short-term sentiment in the options market has flipped bearish. Disclosure: The author holds no cryptocurrency assets at the time of writing. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of […]
Retail interest in Chainlink, which acts as a bridge between cryptocurrency smart contracts and off-chain data feeds, is now at the highest level it has ever been. According to Google Trends, worldwide queries for the word “Chainlink” on the search engine reached a score of 100 in the week ended […]
There’s one thing that all investors like: doubling, tripling, or even quadrupling their money. How about a 12-fold increase? That’s what traders have reaped this year from the decentralized lender Aave’s LEND token, up about 1,200% on a year-to-date basis. You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk […]
The number of addresses holding a large number of bitcoins, popularly known as whales, has declined to 14-month lows. However, the drop isn’t necessarily a price-bearish development and may instead that the distribution of bitcoin ownership is shifting. As of Sunday, there were 103 addresses holding at least 10,000 BTC […]
The U.S. Federal Reserve’s balance sheet is contracting, but despite popular opinion, that’s not necessarily bad news for bitcoin. The central bank’s balance sheet declined by $88 billion to $6.97 trillion (-1.5%) in the week ending July 8, having hit a record high of $7.16 trillion in early June, according […]
While bitcoin has gained 3% so far this week, the overall trading environment remains dull with volatility hovering at multi-year lows. Ten-day realized volatility, a historical metric, is now at just 20%, the lowest level for two years. That’s “a low that’s only preceded in Sep & Oct 2018,” the […]
Chainlink’s link token jumped to record highs on Monday, far surpassing bitcoin’s returns since the start of 2020. The ever-increasing use of Chainlink’s price oracles in decentralized finance (DeFi) is driving the cryptocurrency higher, according to analysts. The 12th largest cryptocurrency by market value clocked a lifetime high of $5.72 […]
Levels of activity on Ethereum have peaked to their highest in two years, going by one metric. The seven-day moving average of the number of active ether addresses rose to 405,014 on Friday – a threshold not seen since May 2018, according to data provided by the blockchain analytics firm […]