Bitcoin BTC$87,846.01 reversed gains made earlier in Asia, puncturing nascent recovery rallies in major alternative cryptocurrencies. The leading cryptocurrency by market value dropped below $88,000, having peeped above $90,000, CoinDesk data show. Major altcoins including XRP$1.8798, ether ETH$2,968.39, solana SOL$125.79 and DOGE$0.1255 also retraced their adances. The CoinDesk 20 Index (CD20) pulled back to 2,726,…
Interest in silver is spilling into tokenized markets, with onchain trading volumes rising in parallel with activity in futures and exchange-traded funds (ETFs) as the metal experiences volatility after hitting successive record highs all month. Data from RWA.xyz shows the monthly transfer volume for its tokenized version of the iShares Silver Trust (SLV) has jumped…
Ripple-linked payments token XRP and smart-contract platform ADA$0.3767 must demonstrate genuine utility beyond loyal communities as the cryptocurrency market matures from hype-driven narratives to fundamentals-focused assets, Galaxy Digital Founder and CEO Mike Novogratz said in a recent interview. “Can Ripple hold it together? Can Cardano hold it together?” Novogratz said during a conversation with Galaxy’s…
The People’s Bank of China (PBOC) will launch a new digital yuan framework on Jan. 1, letting commercial banks pay interest on holdings in a move to incentivize broader adoption of the central bank digital currency. The so-called “action plan” will shift the digital yuan (e-CNY) from its current role as digital cash to digital…
Bitcoin BTC$87,642.00 rose on Monday as dampened hopes of a Russia-Ukraine peace deal pushed oil prices higher. BTC, the leading cryptocurrency by market value, jumped over 2% to trade above $90,000, bringing cheer to the broader market. Major alternative cryptocurrencies such as ether ETH$2,936.15, XRP$1.8778 and solana SOL$124.01 gained 3% or more, according to data…
Coinbase CEO Brian Armstrong has claimed Bitcoin provides healthy competition for the US dollar, which in turn pressures policymakers to maintain fiscal discipline and helps preserve the US dollar’s dominance. “[Bitcoin] provides a check and balance on the dollar in the sense of if there’s too much deficit spending or inflation in the US, people…
A proposed 5% tax on billionaires’ wealth in California has drawn a strong response from crypto executives, who argue it would trigger an exodus of entrepreneurs and capital flight, and would be wasted anyway. The ballot initiative, known as the 2026 Billionaire Tax Act, proposes a 5% tax on net wealth above $1 billion to…
deBridge founder Alex Smirnov has urged validators on the Flow blockchain to stop processing transactions until the Flow Foundation devises a remediation plan for users impacted by its controversial rollback of the chain. The rollback was in response to the theft of $3.9 million on Dec. 27 when an attacker exploited a flaw in Flow’s…
The yearly Bitcoin (BTC) price candle is set to close in the red, ending 2025 lower than at the start of the year, unless BTC can rise by 6.24% above the yearly open of about $93,374. “3 days for Bitcoin to recover and close up on the year. If not, this will be the first…
Bitcoin (BTC) eyed weekend highs into Sunday’s weekly close with the yearly candle in focus. Key points: Bitcoin sees an eerily calm weekend as analysis eyes a three-day bullish divergence locking in. It may take until the new year for capital to redeploy and the BTC price situation to change. Bitcoin is down 6% for…
