Day: August 14, 2024

Bitcoin Price (BTC) Rose 1.0% While Ether Price (ETH) Gained 1.8% to Help Push CoinDesk 20 Index Higher

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Bitcoin Price Set To Surge With $2.5 Billion Stablecoin Inflows

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An influx of $2.5 billion in stablecoins is anticipated to potentially drive a significant surge in the Bitcoin price, as detailed in a new report by Markus Thielen, a market researcher at 10x Research. Bitcoin Price Boost Is Incoming In his latest research note, Thielen explains the critical importance of monitoring and analyzing crypto money flows, which provide crucial insights into market conditions that can either accelerate or inhibit Bitcoin’s price movements. “Traders are often caught off guard by price crashes, overlooking the critical signals these flows offer. However, the…

Sahara AI, Blockchain Project Tackling Copyright and Privacy, Raises $43M

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Bitcoin Price (BTC) Continues Higher Following Inline Inflation Data

Prior to this morning’s data, the subject of whether the U.S. Federal Reserve would cut its benchmark fed funds rate range at the bank’s next meeting was closed: There was zero percent chance that the range will remain at its current 5.25%-5.50%, according to CME FedWatch, which figures odds based on positions taken in short-term interest rate markets. In fact, the gauge showed a 52.5% chance of a 50 basis point rate cut versus 47.5% for a 25 basis point move. Source

BTC Tops $61K, But Traders Remain Cautious

Bitcoin topped $61,000, reversing some of its losses from the steep drop at the start of August. BTC has risen more than 4% in the last 24 hours, outperforming the broader crypto market, which has increased just over 2%, as measured by the CoinDesk 20 Index. Despite the gains, some trading funds remain cautious amid a busy week for data, warning of possible short-term tremors that could impede the rally. “Investors remain cautious ahead of US CPI this week,” crypto trading firm QCP Capital said in a Telegram broadcast. “They…

HODLing Resurgence? 374,000 Bitcoin Transfer Ignites Recovery

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Despite the recent decline, Bitcoin is seeing an interesting shift in investor behavior, with analysts like Crypto Tony betting on possible bullish momentum in the near future. Though the market is still highly unpredictable, a tendency for consolidation and holding on to gains is slowly showing up. Related Reading Crypto Tony recently commented that a break above could show the beginning of a new uptrend, referring to $58,300 as the key resistance level. The most recent data from Glassnode makes a move in this direction, which indicates that though the…