Category: Equities

Bitcoin traders say $34K was the bottom, but data says it’s too early to tell

February 25, 2022

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Bitcoin (BTC) price traded down 23% in the eight days following its failure to break the $45,000 resistance on Feb. 16. The $34,300 bottom on Feb. 24 happened right after the Russian-Ukraine conflict escalated, triggering a sharp sell-off in risk assets. While Bitcoin reached its lowest level in 30 days, Asian stocks were also adjusting […]

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Market Wrap: Bitcoin Rises to $38.3K While Ether’s New High Takes Spotlight

February 5, 2021

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DeFi and the prospect of trading futures have crypto investors scooping up ETH. CoinDesk 20 Bitcoin Price Index Feb 5, 2021 at 9:39 p.m. UTC Market Wrap: Bitcoin Rises to $38.3K While Ether’s New High Takes Spotlight Bitcoin made some gains Friday, but ether hit another brand-new price high ahead of CME’s ether futures launching […]

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Market Wrap: Bitcoin Bumps to $38.6K While DeFi Exchanges Hit $50B

January 29, 2021

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Crypto spot volumes rose to the second-highest level in over a month. CoinDesk 20 Bitcoin Price Index Jan 29, 2021 at 9:35 p.m. UTC Market Wrap: Bitcoin Bumps to $38.6K While DeFi Exchanges Hit $50B Analysts believe Elon Musk’s shout-out to crypto pushed bitcoin’s price upwards at a time when decentralized exchanges are experiencing record […]

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Market Wrap: Bitcoin Back Above $33K While Ether Up 65% in 2021

January 22, 2021

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There appears to be strong support around $30,000, according to traders. CoinDesk 20 Bitcoin Price Index Jan 22, 2021 at 9:33 p.m. UTC Market Wrap: Bitcoin Back Above $33K While Ether Up 65% in 2021 Crypto markets have reversed course across the board and are flashing green Friday. Bitcoin crossed over $32,000 and ether is […]

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Market Wrap: Bitcoin Dips to $34.4K as Big-Name DeFi Tokens Trounce ETH

January 15, 2021

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Bitcoin may be down now but there is still growing demand for crypto assets, one analyst said. CoinDesk 20 Bitcoin Price Index Jan 15, 2021 at 9:52 p.m. UTCUpdated Jan 15, 2021 at 9:55 p.m. UTC Market Wrap: Bitcoin Dips to $34.4K as Big-Name DeFi Tokens Trounce ETH Bitcoin was slipping Friday on lower-than-average volumes […]

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Market Wrap: Bitcoin Crosses $41.9K as Ether Futures Interest Grows 85% So Far in 2021

January 8, 2021

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Jan 8, 2021 at 9:35 p.m. UTCUpdated Jan 9, 2021 at 12:18 a.m. UTC CoinDesk 20 Bitcoin Price Index Market Wrap: Bitcoin Crosses $41.9K as Ether Futures Interest Grows 85% So Far in 2021 Bitcoin hit a fresh all-time high Friday as investors continued to scoop up some of its limited supply. The ether futures […]

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Market Wrap: Bitcoin Down to $26K but Traders Remain Bullish

December 29, 2020

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Dec 29, 2020 at 9:26 p.m. UTC Market Wrap: Bitcoin Down to $26K but Traders Remain Bullish Few seem to be bothered by bitcoin’s volatility on Tuesday, as the No. 1 cryptocurrency by market capitalization declined to the $26,000 level after its first-ever trades above $28,000 on Sunday. Many market participants are convinced retail and institutional […]

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Market Wrap: Bitcoin Stays in Tight Range but Gains Dominance as XRP Crumbles

December 24, 2020

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Dec 24, 2020 at 8:10 p.m. UTC Bitcoin will not be calling “checkmate” anytime soon. (Reinhold Silbermann/Pixabay ) Market Wrap: Bitcoin Stays in Tight Range but Gains Dominance as XRP Crumbles The Takeaway Bitcoin (BTC) traded around $23,310 as of 19:00 UTC (2 p.m. ET), slipping 1.3% over the previous 24 hours. Bitcoin’s 24-hour range: […]

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Market Wrap: Bitcoin Holding at $18K; Active Ethereum Addresses up 140% in 2020

December 11, 2020

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Dec 11, 2020 at 9:28 p.m. UTCUpdated Dec 11, 2020 at 9:30 p.m. UTC CoinDesk 20 Bitcoin Price Index Market Wrap: Bitcoin Holding at $18K; Active Ethereum Addresses up 140% in 2020 Bitcoin is struggling to make gains as an expected low-volume weekend could push price further down. Meanwhile, the increasing number of active Ethereum […]

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Market Wrap: Bitcoin Dips Below $19,000 as Ether Options Volume Drops

December 4, 2020

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Dec 4, 2020 at 9:45 p.m. UTCUpdated Dec 4, 2020 at 9:46 p.m. UTC CoinDesk 20 Bitcoin Price Index Market Wrap: Bitcoin Dips Below $19,000 as Ether Options Volume Drops Some bitcoin selling on Friday caused its price to decline. Ether options traders appear less inclined to place bets on the asset’s price, as evidenced […]

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