CoinDesk 20 Performance Update: Stellar (XLM) Jumps 10.3% as All Assets Trade Higher
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 3188.0, up 1.8% (+56.34) since 4 p.m. ET on Tuesday. All 20 assets are trading higher. Leaders: XLM (+10.3%) and POL (+6.7%). Laggards: BTC (+0.4%) and SOL (+1.4%). The […]
Bitcoin Bull Market Peak Approaches, Analyst Says Altcoin Data Hits Crucial Crux, Parabolic Surge Imminent
As the year slips into Q3, and Q2 ended with one of its highest crypto market closes yet, Bitcoin has already started off Q3 in a strong position. Now, analysts confirm that the Bitcoin bull market peak approaches and say that altcoin data also signals a crucial crux, meaning that a parabolic price surge is […]
Patterns Break as Both Short and Long Term Holder Cohorts Accumulate Bitcoin
As bitcoin BTC continues a now multi-week consolidation just below its all-time high of $112,000, an interesting accumulation phenomenon is occurring. Both short-term and long-term holders have been increasing their stacks as distinct cohorts, which is unusual because these groups typically act in opposite directions, according to Glassnode data. The chart below from Glassnode illustrates […]
Musk’s America Party may support Bitcoin but still faces third-party pitfalls
Elon Musk says that his new America Party will support Bitcoin, but does it have a chance in the American political system?
Crypto Exchange Bullish Teams Up With Solana for Institutional Stablecoin Push
Crypto exchange Bullish has struck a partnership with the Solana Foundation, aiming to make Solana-native stablecoins the backbone of its trading and clearing operations. Under the collaboration, the two will work on institutional-grade financial infrastructure with stablecoins built on Solana to serve as the primary rails for custody, payments, and settlements across Bullish’s ecosystem, the […]
Status Unveils Gasless Layer 2 Feature on Linea, Ditches Sequencer Fees Entirely
Status, a decentralized communications project, has launched a feature that it claims makes the network the first natively gasless layer 2 on Consensys’ Linea zkEVM stack. The layer 2, called Status Network, will operate differently compared to conventional rollups that depend on sequencer fees to stay afloat, the Status team said in a press release. […]
US Dollar Index Declines Further, Could Bitcoin Be Gearing Up for a Breakout?
The United States dollar index (DXY) has been on a decline over the past four months, recording its largest plunge in years. Since such moves have historically been correlated with positive growth in risk assets, bitcoin (BTC) could be gearing up for a strong breakout. According to a report by the market analytics platform CryptoQuant, […]
BONK Slides 6% as Sellers Dominate, Despite Growth of Bonk.fun
BONK tumbled 5.6% in the past 24 hours, falling $0.00002161 after a wave of selling pressure reversed earlier gains and broke through key support zones. Despite the near-term pullback, underlying ecosystem developments continue to support a broader bullish narrative. Attempts to reclaim $0.000022 between 20:00 UTC-21:00 UTC faltered despite 716.32 billion tokens in turnover, signaling […]
Kraken and Backed Expand Tokenized Stocks to BNB Chain as RWA Momentum Accelerates
Crypto exchange Kraken and tokenized asset issuer Backed Finance are bringing tokenized equities to the BNB Chain (BNB), allowing trading with stocks like Apple and Nvidia around-the-clock on the network, the firms said on Wednesday. The move allows token versions of U.S. stocks such as Apple (AAPLx), Tesla (TSLAx) and S&P 500 ETF (SPYx) to […]
XRP Hits 45 Day High With ‘Guppy’ Momentum Indicator Pointing to More Gains Ahead: Technical Analysis
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. XRP’s price rose to a high of $2.83 during the early U.S. hours Wednesday, hitting levels last seen on May 23, according to data CoinDesk data, The move happened as the Guppy multiple moving average indicator, flashed a bullish signal. […]
Bitcoin “Coiled to Break Out,” Analyst Targets $170K Price
Analyst Rich Ross says Bitcoin is “coiled like a spring” and could break out to $170K soon. BTC consolidates under $111K with a bullish EMA structure, signaling a potential breakout ahead. Exchange outflows signal strong accumulation, with market structure mirroring past rallies. Bitcoin may be preparing for a major move, according to a recent statement […]
Japan’s SBI to Let Users Swap Credit Card Points for Bitcoin, Ether, and XRP
Credit card users in Japan can now convert their loyalty points into crypto. Major conglomerate SBI Group’s APLUS is letting cardholders redeem APLUS points for small amounts of bitcoin (BTC), ether (ETH), or XRP (XRP). 2,100 points will earn users over 2,000 japanese yen worth of tokens, around $13 at current exchange rates. The crypto […]