Bitcoin Price Defends Key Support Despite ETF Rejections

Featured SpeakerAlex ThornHead of Firmwide ResearchGalaxyHear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.Jocelyn Yang is a markets reporter at CoinDesk. She is a recent graduate of Emerson College's journalism program. Featured SpeakerAlex ThornHead of Firmwide ResearchGalaxyHear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at…

markets Views Bitcoin’s interaction with the 100-period moving average on the daily and weekly charts have provided strong regions of support in the past and may do so again. Exhaustion caused by low levels of total daily volume and market activity raises doubts about the direction for the mid-term. Should the bulls lose the on-going…

Investors may seek out alternative assets like crypto due to the risk of U.S. fiscal dominance and the monetization of government debt, the report said.Standard Chartered said a Trump election win could be positive for digital assets.The bank reiterated its year-end bitcoin price target of $150,000 and $200,00 for the end of 2025.The risk of

news UPDATE: After this article was published, Zhao said in a follow-up tweet that after speaking with various parties, the exchange decided it will not pursue the rollback approach.  Crypto exchange Binance founder and CEO Changpeng Zhao said the team is deciding on whether it will push for a rollback on the bitcoin network following…

CORRECTION (Feb. 6, 2023, 16:14 UTC): A previous version of this story gave an incorrect description of the regulatory pathway the duo took to open for business.Tokenized trading project Neutral and DLT Finance, a German brokerage firm, have built a blockchain-backed platform for carbon credits, or financial instruments that represent forests and renewable energy products

news UPDATE (27, August 22:45 UTC): This article initially stated the Silvergate Exchange Network provides a lending service. That statement is erroneous and has been corrected. ——— Gemini, a cryptocurrency exchange co-founded by Tyler and Cameron Winklevoss, announced it will join the USD payments platform, Silvergate Exchange Network (SEN). Through the network, Gemini’s institutional clients are…

The crypto market has struggled since the launch of spot ether ETFs, the report said. Citi noted that spot bitcoin and ether ETFs have seen net outflows in the past month. Stablecoins have been the outlier, with market caps continuing to grow, the bank said. The cryptocurrency market has struggled since the launch of trading

news Bitfinex’s parent company has received $1 billion in hard and soft commitments for its exchange token sale, according to a shareholder involved in the process. Dong Zhao, founder of DGroup and an over-the-counter (OTC) trader in China who owns equity in Bitfinex, said in a WeChat post on Thursday that “there’s a high possibility…

Brett HarrisonFounder and CEOArchitectDon't miss "FTX: What Happened" with the former president of FTX's U.S. arm and Anthony Scaramucci.Brett HarrisonFounder and CEOArchitectDon't miss "FTX: What Happened" with the former president of FTX's U.S. arm and Anthony Scaramucci.Stephen Alpher is CoinDesk's co-regional news chief, Americas. He holds BTC above CoinDesk’s disclosure threshold of $1,000.Brett HarrisonFounder and…