Learn How Trade Crypto
The shakeout appeared to coincide with a turn lower in U.S. stock markets. Bitcoin’s price is down 5% in the last 24 hours after peaking at an all-time high of around $68,950 on Wednesday. Bitcoin’s all-time high was reached just after the U.S. Consumer Price Index (CPI) report showed higher-than-expected inflation in October. The U.S. Department […]
The Treasury’s Office of Foreign Assets Control labeled Suex.io a “specially designated national,” putting the exchange in a category with suspected terrorists. The U.S. government has sanctioned a cryptocurrency exchange for the first time as part of its ongoing fight against ransomware attacks. The Treasury Department announced Tuesday it is adding Russia-based Suex.io to its list of […]
“It is normal for investors to reduce exposure to enter at a lower price,” one observer said. The crypto market is a sea of red, with Solana’s SOL, Cardano’s ADA (+0.4%) tokens and other alternative cryptocurrencies taking a bigger hit than bitcoin (BTC, +1.63%) and ether (ETH, +1.27%). The move seems typical of a breather often observed after notable rallies. ADA was trading […]
Wealthfront users will now be able to have up to 10% of their portfolios composed of the Grayscale Bitcoin and Ethereum Trusts. Bitcoin (BTC) and Ether (ETH) exposure has come to one of the world’s biggest automated investment firms. In a blog post on July 29, Wealthfront, which has $25 billion in assets, confirmed that it had […]
Investors are exiting digital asset investment products, including funds focused on bitcoin (BTC, +4.33%) and ethereum (ETH, +14.74%), as a wave of negative sentiment weighs on cryptocurrencies. Net outflows from cryptocurrency funds totaled $44 million for the week ending June 25, marking the fourth consecutive week of redemptions. Ethereum products suffered net outflows of $50 million last week, the largest […]
Twelve years after its creation, regulating bitcoin is still complicated in most countries. That’s just one of the investment risks. There are a number of risks associated with holding and investing in cryptocurrencies. In the latest CoinDesk Research report, we look at seven different risks, from the regulatory to the technological, that affect bitcoin (BTC, +0.59%) and ether (ETH, -1.43%), and […]
The Ethereum blockchain is growing fast thanks to DeFi, and some traders say the ether cryptocurrency could notch further gains. Bitcoin (BTC), the largest cryptocurrency, was down for a second straight day, pushing toward the lower end of the range between $34,000 and $40,000 where prices have traded for the past couple weeks. Ether (ETH), the second-biggest […]
Bitcoin has shed much of the weekend’s stellar gains, as relatively cheap alternative cryptocurrencies play catchup with the crypto market leader. At the press-time price of around $29,000, bitcoin (BTC, -5.03%) is down over 13% on a 24-hour basis, according to CoinDesk 20 data. Prices have declined by well over $4,000 in the last two hours, having reached a […]
Bitcoin was lower, staying in the past week’s range of roughly $18,500 to $19,700. Prices are up 167% year to date, having started off 2020 at around $7,160. “There is no doubt that $20,000 remains a barrier, both from a technical perspective and on an ideological level,” Simon Peters, an analyst for the trading platform […]
Bitcoin was heading back toward the all-time high price of $19,920 notched earlier this week. “So far, prices remain constrained, either with sellers unwilling to part with their coins at any lower price or buyers unwilling to take further bets on a rally,” Matt Blom, head of sales and trading at the cryptocurrency-focused financial firm […]