Cloudflare experienced a major outage that cascaded into widespread service disruptions across thousands of websites and applications on Tuesday. Several large centralized crypto services rely on Cloudflare to help with heavy traffic. BitMEX faced an outage while there was also significant downtime for Telegram-linked blockchain Toncoin. But the outage spread beyond crypto, with platforms like…
Bitcoin’s hashprice has fallen to its lowest level in five years, according to Luxor, now sitting at $38.2 PH/s. Hashprice, a term introduced by Luxor, measures the expected daily value of one terahash per second of computing power. The metric reflects how much revenue a miner can expect from a specific amount of hashrate. It…
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2947.42, up 1.5% (+43.33) since 4 p.m. ET on Monday. Sixteen of 20 assets are trading higher. Leaders: SOL (+5.8%) and APT (+5.3%). Laggards: ICP (-3.0%) and BCH (-1.7%)….
The crypto market showed few, if any signs, of recovery on Tuesday, with bitcoin BTC$91,595.60 trading at $91,400 while ether ETH$3,070.19 traded around $3,060. The fear and greed index is now flashing 15/100, a low not seen since April, before the bitcoin price defied bearish expectations by surging to over $100,000 from $76,000 in the…
El Salvador is doubling down on its bitcoin strategy during one of the sharpest sell-offs of the year, adding more than 1,000 BTC to its national BTC treasury. The government has now accumulated nearly 7500 BTC, a position built through a one-BTC-per-day policy that continues despite IMF conditions that discourage additional public sector holdings, though…
The long-defunct Mt. Gox exchange initiated a significant bitcoin move on-chain Monday, transferring approximately 10,608 BTC, worth $950 million, to new wallet address, according to data from blockchain analytics firm Arkham Intelligence. The transfer unfolded at approximately 11:40 p.m. ET, with around 10,422 BTC sent to an unidentified address labeled “1ANkD…ojwyt,” while a smaller portion…
A key technical indicator is flashing a signal that marked the slowdown in the bitcoin BTC$90,023.17 downtrend in February. The 14-day relative strength index (RSI) — a widely followed measure of price momentum — has dipped below 30, signaling an oversold condition. This means BTC’s ongoing slide has been sharp enough to invite a pause…
DappRadar, a once widely-used platform for tracking decentralized applications, announced via its X account on Monday that it will be shutting down. Launched in 2018, the platform had grown into one of the most prominent analytics hubs for on-chain activity, reporting on everything from NFT markets to DeFi flows across dozens of blockchains. The team…
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin’s slide into the low 90s has forced prediction markets into…
Bitcoin BTC$95,789.16 slumped to a fresh six-month low on Monday, extending its multi-week retreat as crypto sentiment continued to deteriorate. After a slight rebound from overnight lows, BTC — in what’s become a familiar pattern — resumed its decline in the U.S. session, falling to $92,500, down 2.4% through the past 24 hours and nearly…
