Bitcoin Drifts Down as Price Breaks Below Key $7.8K Support

Crypto market expected to remain highly correlated to stocks, the report said. The bank noted that network activity has been falling on Ethereum and stalling on the Bitcoin blockchain. Both bitcoin and ether spot ETFs have seen outflows, the bank said. The cryptocurrency market has continued to underperform other risk assets amid weakening demand, and

news Cryptocurrency exchange Coinbase has expanded its Visa debit card service to six European countries, allowing customers in the region to spend their digital assets. According to a report from CNBC on Wednesday, the Coinbase Card is now available for users in Spain, Germany, France, Italy, Ireland, and the Netherlands. With the card, customers will…

Traders love volatility, but of late, bitcoin (BTC) has offered none. Wednesday's Federal Reserve rate hike has also failed to wake the cryptocurrency from its slumber.Perhaps the Bank of Japan (BOJ), the world's third-largest central bank and the only heavyweight maintaining a very loose pro-liquidity policy, might do the trick.According to several investment banks, the…

James Rubin is CoinDesk's U.S. news editor based on the West Coast.Good morning. Here’s what’s happening:Prices: Bitcoin and Ether prices are down due to BRC-20 meme coins congestion, with a potential solution being a shift of profits to altcoins and Ethereum.Insights: Bitcoin's path "is not straight," Paul Eisma, head of trading for XBTO Group, told…

news Popular crypto exchange Zebpay has announced that it is going down under. The exchange announced in-country AUD support on Twitter today. It joins exchanges like Coinbase and CoinCorner in supporting the continent. Zebpay added Euro to their offering in December 2018 and has been quickly adding markets in 2019. The company was left in…

Harris has now been endorsed by a majority of Democratic delegates. The current Vice-President needed the majority to become the Democrat frontrunner. Market odds and memecoins related to U.S. Vice President Kamala Harris surged as the latest donation round tied to the Democratic campaign raised $81 million in 24 hours, boosting sentiment among some traders.

news The Takeaway Prior to publishing details about real Binance customers online Wednesday, a hacker operating under the pseudonym “Bnatov Platon” had a month-long conversation with CoinDesk reporters. In the talks, Platon revealed how he allegedly hacked individuals behind an earlier hack in which 7,000 bitcoin was stolen from the world’s largest exchange. Platon claimed…

Since March, the market has been range-bound between $60,000 and $70,000, with the halving event in April not providing the expected boost due to a general lack of market catalysts, a trader said.One firm said short-term bitcoin holders, who have historically influenced market trends, might play a significant role in the coming months.After periods when

Mar 23, 2020 at 16:42 UTCUpdated Mar 23, 2020 at 16:43 UTCTed Livingston, Kin Ambassadors event, April 2018, NYC. Photo by Brady Dale for CoinDesk.The Securities and Exchange Commission (SEC) and Kik are pushing for a speedy resolution to their ongoing legal battle, with both claiming the other has provided insufficient evidence to support their…