DOT$1.7547 slipped 2% to $1.77 over the last 24 hours. Volume surged 35% above its 30-day average, according to CoinDesk Research’s technical analysis model. The session’s most dramatic action hit during a sharp intraday decline that tested critical support levels. The model showed that DOT dropped from $1.85 to $1.76 on exceptional volume of 8.81…
European Central Bank President Christine Lagarde said Thursday the central bank has completed its technical and preparatory work on the digital euro and that it is now up to political institutions to act. The project, which aims to create a public digital means of payment, is under review by the European Council and the European…
ICP$2.8752 rose about 2.2% over the past 24 hours to trade around $3.01, reclaiming the $3 level after several sessions of consolidation just below that threshold. The move marks a continuation of the token’s recent recovery, with price action showing a steady series of higher lows, according to CoinDesk Research’s technical analysis data model. The…
Bitcoin’s BTC$88,686.98 stark rejection at $90,000 on Wednesday was a quick reminder for investors that precious metals like gold and silver are the real winners of the debasement trade, not — at least for the moment — digital gold. Back in October, JPMorgan analysts said that gold and bitcoin were both benefitting and would continue…
Trump Media & Technology Group (DJT), the parent of President Donald Trump’s Truth Social, has agreed to merge with nuclear fusion company TAE Technologies in an all-stock deal valued at more than $6 billion. DJT shares are higher by 25% in early trading on Thursday, though still remaining sharply lower on a year-to-date basis. The…
SoFi (SOFI) has launched a U.S. dollar stablecoin, SoFiUSD, in a bid to bring faster, cheaper money movement to banks, fintechs and enterprise platforms. The coin is issued by SoFi Bank, a nationally chartered and FDIC-insured institution, making it the first U.S. national bank to offer open access to its stablecoin infrastructure. Last month, JPMorgan…
This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Have you ever seen a dam release its water? All that pent-up water crashes down in a unstoppable flood. That’s what typically happens in markets when a long-held price support finally gives way, unleashing disgruntled holders who flood the market…
Just a couple of years ago, it was virtually unthinkable that a Wall Street titan like JPMorgan would embrace crypto, but the recent arrival of the bank’s tokenized deposits on Coinbase’s layer-2 blockchain Base is evidence that the world’s biggest banks are ultimately heading towards exotic realms like decentralized finance (DeFi). Last month’s move by…
India’s competition regulator has approved Coinbase’s plan to acquire a minority stake in CoinDCX, allowing the U.S.-based exchange to deepen its exposure to one of the world’s fastest-growing crypto markets. The Competition Commission of India (CCI) cleared the transaction on Wednesday, giving Coinbase the green light to invest in DCX Global Limited, the parent company…
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…
