Bitcoin Circles Above $29.5K as Investors Weigh Sluggish GDP, Latest Banking Woes

In August alone, the M2 money supply rose nearly 1%, and the Fed since has trimmed interest rates 50 basis points, with what looks like another 50 basis point rate cut coming in November. Aggressive monetary easing by China and the U.S. Federal Reserve has driven asset price increases, with cryptocurrencies leading the charge since

A notable amount of bitcoin and ether open interest is set to expire "in-the-money" on Friday, setting stage for price swings, Deribit's Luuk Strijers said. Options beyond the Friday expiry exhibit a bullish bias for bitcoin and ether. BTC's max pain level of $59,000 may weigh over prices, analyst at Presto Research said. The bitcoin

As part of our special NFT series, we asked the artist Rebecca Rose to make an image of Jesse Pollak, the leader of Coinbase's new layer-2 blockchain, Base.Click here to view and bid on the NFT created by Rebecca Rose. The auction will begin on Monday, 12/4 at 12p.m. ET and ends 24 hours after

Daniel Kuhn is a reporter on CoinDesk's Features team. He owns BTC and ETH.On Sept. 29, 2021, the U.S. Commodity Futures Trading Commission (CFTC) announced it had filed 14 complaints against various crypto trading platforms. It was the busiest day of action for the nation’s top commodities regulator and a noted departure from its usual…

Darius Sit, QCP Capital's co-founder and chief investment officer, says BlackRock entering crypto is more important than Republican candidate Donald Trump re-taking the White House. A crypto-friendly White House would benefit the industry globally, Sit said. 02:19 Spot Bitcoin ETFs Record $870M Inflows as BTC Tests All-Time High 02:04 Coinbase Earnings Preview; DWF Labs Dismisses

Mar 19, 2020 at 16:01 UTCUpdated Mar 19, 2020 at 16:04 UTCHuobi Adds Crypto ‘Circuit Breaker’ After Last Week’s Mass LiquidationsIn the aftermath of last week's cryptocurrency market crash, the Huobi exchange has launched a new liquidation mechanism that would pull the plug on trading should prices become too volatile. The Singapore-based firm said Wednesday…

feature Bitcoin’s recent bull run has juiced demand for new mining equipment, putting pressure on manufacturers to produce enough machines to meet demand. The world’s largest cryptocurrency by market cap is currently trading at above $11,000 after it surpassed the $10,000 level over the weekend – a nearly 200 percent jump since February.  “The surge in…

The spread between perpetual funding rates in bitcoin and ether markets recently collapsed, indicating an uptick in investors’ risk appetite.The development suggests continued outperformance of alternative cryptocurrencies ahead.Crypto bulls questioning the sustainability of recent sharp gains in alternative cryptocurrencies (altcoins), including meme coins, may consider the latest trend in the spread between bitcoin and ether

The ether-bitcoin (ETH/BTC) ratio rose last week even as the broader market cratered.One analysts attributed ether's uncanny outperformance with optimism from the potential launch of futures-based ETFs.Others pointed to a lack of interest in altcoins and hedging activity of market makers.Last week's market crash saw ether (ETH), the native token of Ethereum's blockchain, take smaller…