Crypto markets suffered major whipsaw action in morning U.S. trade, with bitcoin BTC$87,390.00 in the space of a few minutes rallying from around $87,000 to above $90,000 and then back to the $87,000 area. The largest crypto was recently trading at $87,300, down by 0.5% over the past 24 hours after being higher by more…
The U.S. Commodity Futures Trading Commission — a likely leading U.S. crypto regulator when the crypto industry’s U.S. oversight is in place — was one of the challenging areas for President Donald Trump’s efforts to get friendly watchdogs confirmed, but his acting chairman, Caroline Pham, hasn’t behaved like a temporary leader. Pham, a former senior…
The Depository Trust & Clearing Corporation (DTCC), the industry-owned clearing and settlement market infrastructure, has selected the privacy-focused Canton Network as a tokenization partner, the companies said on Tuesday. The partnership, which will enable a subset of U.S. Treasury securities custodied at DTC to be minted on the Canton Network, follows DTCC’s recent receipt of…
The crypto market slipped overnight, with bitcoin BTC$86,920.43 dropping 1.5% from the high it hit in the early hours of Wednesday. The broader market followed suit. The CoinDesk 20 (CD20) fell 1.6% since midnight UTC with all members of the index declining. Bitcoin’s sell-off after failing to break above $94,700 last week has extended a…
A pullback across crypto markets continued on Wednesday, as overall capitalization dropped below $3 trillion for the third time in a month, testing a level that may open the door to further weakness. Selling pressure was concentrated in large-cap assets, particularly those with active ETF exposure, suggesting a shift in institutional positioning rather than broad…
This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin BTC$86,777.66 trades close to a crucial long-term price line that’s held for three weeks, putting bulls on edge. However, shares in the largest publicly listed BTC holder, Strategy (MSTR), have already slipped below this “safety net,” flashing bearish cues…
XRP lost a key technical level after a failed breakout attempt, with heavy volume confirming a shift toward short-term bearish control. News background XRP declined 2.6% over the past 24 hours, falling from $1.95 to $1.90 as broader crypto markets showed signs of fatigue. The move followed multiple failed attempts to sustain momentum above recent…
Dogecoin lost a key technical level following the Federal Reserve’s latest rate decision, with heavy volume confirming a short-term shift toward bearish control. News background Dogecoin declined 5% during Tuesday’s session as crypto markets reacted to the Federal Reserve’s 25-basis-point rate cut and cautious forward guidance. While rates were reduced to a 3.5%–3.75% target range,…
HashKey Holdings’ shares fell about 5% in their Hong Kong trading debut, a muted reception that underscores investor caution toward the exchange’s business model despite its dominant position in the city’s regulated crypto market. The stock opened below its IPO price and slid to around HK$6.34 by mid-morning. The decline followed the release of prospectus…
Bitcoin’s BTC$87,648.20 derivatives market is flashing signals of stability in a broad range rather than a massive moonshot or violent crash. Activity in Deribit-listed options shows strong support around $85,000 from heavy put selling (writing) or traders offering insurance against price drops below that level. At the same time, some traders are offering protection against…
