Crypto traders have had a tough time figuring out the market in the last 24 hours as bitcoin’s BTC$86,457.48 price swung wildly between $86,000 and $90,000. Things could get more exciting later Thursday with key U.S. inflation data for November coming up. This will give a fresh look at price pressures in the economy after…
California Governor Gavin Newsom is continuing his colorful public campaign attacking President Donald Trump’s reputation and behavior, this time launching a page on the state’s website purportedly “tracking Trump’s top 10 criminal cronies” — a list on which the crypto world features prominently. The state’s own website includes the new page, with comments from Newsom:”Trump…
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. Since October’s flash crash, crypto has been trading around a single fault…
U.S.-listed cryptocurrency exchange Coinbase (COIN) is introducing stock trading and incorporating prediction markets, along with a slew of other new products and assets that aims to cement the platform’s position as the “Everything Exchange,” the company announced during its System Update stream on Wednesday. Coinbase said it is dramatically expanding the assets available to trade…
With an any-minute-now confirmation of Mike Selig to take over the U.S. Commodity Futures Trading Commission, its stand-in chief, Caroline Pham, is closer to her longstanding plan to jump to crypto firm MoonPay. As CoinDesk reported last month, Pham was said to be planning to take on the role of chief legal officer and chief…
Digital Wealth Partners, a Registered Investment Advisory (RIA) that specializes in digital assets, is offering high net worth (HNW) holders of XRP access to an algorithmic trading app to generate growth and cash flow their crypto holdings. A subsidiary of crypto family office firm Ascension Group, Digital Wealth Partners, enlisted the help of Arch Public,…
Brazil’s main stock exchange B3 is planning on deepening its involvement in the cryptocurrency space through the launch of a tokenization platform and its own stablecoin next year. The tokenization platform is set to allow assets to be tokenized and traded on the exchange, with Luiz Masagão ,B3’s vice president of products and clients, saying…
APT$1.5062 dropped 5% to $1.50 over the past 24 hours. The token established lower highs and lower lows within a $0.1429 range, according to CoinDesk Research’s technical analysis model. The model showed that APT spiked to $1.64 on heavy volume before crashing back down. This created strong resistance at that level. Volume hit 258% above…
DOT$1.8442 crashed through critical support Wednesday, tumbling 3% to $1.83 as technical selling overwhelmed bullish USDC integration news. DOT broke decisively below the psychological $1.90 floor despite Coinbase (COIN) announcing direct Polkadot network support. Heavy distribution emerged during the final two trading hours, according to CoinDesk Research’s technical analysis model, as the token collapsed from…
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…
