This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin BTC$95,246.19 has gone the “Strategy (MSTR)-way”, falling below a key support to shatter the memory traders had of this level as a reliable bounce zone. The leading cryptocurrency by market value fell nearly 10% in the seven days to…
Tom Lee — executive chairman of BitMine Immersion Technologies (BMNR), head of research at Fundstrat Global Advisors and chief investment officer at Fundstrat Capital — said in a post on X that ether is “embarking on that same supercycle” that produced a 100x gain in bitcoin since his 2017 client recommendation. He noted bitcoin endured…
Ether ETH$3,212.90 traded below $3,100 on Sunday during a broader pullback in digital assets. The token was recently near $3,066 at 9:36 p.m. UTC, down 3.4% over the past 24 hours. It briefly fell through the $3,100 level on Bitstamp at about 4 p.m. UTC, marking its first break beneath that threshold since Nov. 4,…
Strategy’s leveraged bitcoin approach came under fresh scrutiny Sunday as critics questioned whether Michael Saylor’s firm can withstand prolonged market stress. Among the most vocal was longtime Bitcoin detractor Peter Schiff, who chairs Schiff Gold and serves as chief global strategist at Euro Pacific Asset Management. In a series of posts on X, Schiff argued…
Bitcoin slipped to its lowest level since May on Sunday before paring some losses, as sentiment across the crypto market stayed locked in extreme fear. The Crypto Fear & Greed Index stood at 10, in its extreme fear band, after already sitting at the same level on Saturday. Bitcoin BTC$94,386.75 was trading around $95,087 at…
Tornado Cash developer Roman Storm’s trial followed the law and the judge overseeing his case should not consider acquitting him of all charges, federal prosecutors said. In a post-trial filing dated last Wednesday, attorneys with the Department of Justice’s Southern District of New York office pushed back against Storm’s motion for acquittal, saying they had…
Glassnode data shows that bitcoin’s “death cross,” a technical analysis term that may indicate a bearish signal, is imminent, but with a catch. The 50-day moving average for bitcoin at $110,669 is now on the verge of slipping below the 200-day moving average at $110,459, potentially triggering the death cross. This crossover is widely viewed…
Today in crypto, Solari Capital, led by AJ Scaramucci, has put more than $100 million into American Bitcoin, a crypto executive weighs in on investor outlook beyond Bitcoin and Ethereum. Meanwhile, Steak ‘n Shake announces expansion into El Salvador. Scaramucci family invested over $100M in Trump’s Bitcoin mining firm: Report The Scaramucci family has invested…
The 11 U.S.-listed spot bitcoin exchange-traded funds (ETFs) collectively bled $869.86 million Thursday, registering their second-highest outflow on record, according to data source SoSoValue. Investors have pulled out $2.64 billion over three weeks, signaling growing caution and shifting sentiment in the market. Thursday’s outflow coincided with Bitcoin’s fall below the key $100,000 support level and…
This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. It’s unusual to see ether ETH$3,147.47, the world’s second-largest cryptocurrency by market cap, showing relative strength against market leader bitcoin on a day when the market is under pressure. Today is exactly that rare instance. While bitcoin BTC$95,340.23 has slipped…
