By Omkar Godbole (All times ET unless indicated otherwise) While bitcoin’s BTC$74,091.65 price rise since the Iran conflict began more than two weeks ago is impressive, the performance of Hyperliquid is even more notable. Users of the decentralized perpetuals exchange have traded millions in commodity futures, particularly those tied to oil, highlighting the utility of…
Bitcoin BTC$73,886.45 consolidated Tuesday after hitting $76,000, the highest level since Feb. 4, in early trading. The largest cryptocurrency fell back to just below $73,500, down 1.5% since midnight UTC. It’s not the only cryptocurrency to have cooled. Ether (ETH) lost 1.5%, solana (SOL) dropped by 2.5% and SUI$1.0235 4.5%. Nasdaq 100 and S&P 500…
Bitmine Immersion Technologies (BMNR), the largest ether-focused treasury firm, bought 60,999 ether (ETH) last week as it continues to build up its holdings of the second-largest cryptocurrency by market capitalization. In token terms, the purchase was the company’s biggest this year, though only a small increase from the previous week’s 60,976 ETH haul. The latest…
Bitcoin BTC$74,074.35 briefly touched $75,912 early Tuesday before pulling back to $74,372, but the intraday volatility is less interesting than the weekly picture beneath it. CoinDesk reported earlier Tuesday that the push above $75,000 was driven by derivatives activity rather than fresh buying, specifically the closure of large $60,000 put positions that forced market makers…
XRP just reclaimed a ranking it hasn’t held in weeks, and the derivatives market suggests traders are positioning for more. The token surged to $1.53 on Tuesday, up 11% on the week, overtaking BNB to become the fourth-largest cryptocurrency by market cap at $93.4 billion. The move broke through $1.40 resistance, per CoinDesk analytics, with…
Bitcoin BTC$74,128.64 has fallen back below $75,000, highlighting the fragility of its early Asian session rally to six-week highs. Prices rose to $75,912 early Tuesday, the highest since Feb. 4, according to CoinDesk data. 10x Research pointed to activity in the derivatives market as the main driver of that rally. Specifically, closure of large bearish…
Crypto wealth platform Abra said it plans to go public through a merger with special purpose acquisition company New Providence Acquisition Corp. III in a deal that values the firm at $750 million. The combined company will be renamed Abra Financial Inc. and is expected to list on Nasdaq under the ticker ABRX, according to…
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 2140.46, up 5.1% (+104.17) since 4 p.m. ET on Friday. All 20 assets are trading higher. Leaders: ETH (+8.8%) and DOT (+8.5%). Laggards: UNI (+0.9%) and BCH (+2.5%). The…
Bitcoin BTC$75,594.79 surged past $75,000 early Tuesday, helped by shifting dynamics in the derivatives market. Prices hit a high of $75,800, convincingly topping the long-term resistance corridor between $73,750 and $74,400, which reversed price trends three times since 2024, according to CoinDesk data. The so-called bullish breakout happened as traders closed bearish short positions initiated…
OpenSea co-founder Devin Finzer said Monday that the timeline for the launch of the highly anticipated SEA token is being pushed back, as the company seeks to ensure the rollout is fully prepared rather than forcing a debut amid difficult crypto market conditions. In a post on X, Finzer said the OpenSea Foundation originally planned…
