Gold is making fresh highs while bitcoin is struggling to hold key levels, reopening a debate crypto investors never fully settled. If bitcoin is supposed to be digital gold, this is the kind of tape it is meant to win. Right now, it is not. The question is getting louder because gold is rallying on…
Not waiting until what’s become its customary plunge time of Sunday evening, bitcoin BTC$89,703.92 is getting an early start to the weekend this holiday season, continuing an overnight tumble and slipping back to $90,000 in early U.S. trading hours. The move reverses much of the bounce from last Sunday night’s panicky drop that pushed bitcoin…
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 2667.21, down 4.0% (-111.91) since 4 p.m. ET on Thursday. All 20 assets are trading higher. Leaders: BCH (-2.3%) and BTC (-3.3%). Laggards: APT (-8.8%) and NEAR (-7.8%). The…
Japanese Prime Minister Sanae Takaichi’s cabinet approved a multi-billion dollar stimulus package on Friday, delivering on the new leader’s promise to pursue an expansionary fiscal policy. The stimulus, worth JPY 21.3 trillion ($135.40 billion), includes general account outlays of JPY 17.7 trillion, significantly larger than last year’s JPY 13.9 trillion, representing the biggest fiscal bazooka…
Bitcoin BTC$91,852.25 and ether ETH$3,031.49 remain in bearish territory after a bruising weekend took both assets to multimonth lows of $93,400 and $3,050. The sell-off acted as confirmation of a downtrend with a series of lower highs and lower lows now being present across several timeframes. If BTC falls to $92,840, that would trigger a…
It’s another milestone for Bitcoin BTC$99,302.05, which apparently for the first time has arrived on a central bank balance sheet. The Czech National Bank (CNB) on Thursday announced the creation of a $1 million test portfolio that includes bitcoin, a USD stablecoin, and a tokenized deposit. Approved by the bank board on Oct. 30, the…
SHIB$0.0₅9179, the world’s second-largest meme token by market value, has dropped over 5% in 24 hours, taking cues from the risk-off mood in the broader market characterized by bitcoin’s drop below its 200-day simple moving average. SHIB has dropped to $0.00000951 from $0.00001018, closing on key support zone, which marked downside exhaustion through October. BTC,…
Tether USDT$1.0000, the issuer of the world’s largest stablecoin, said on Friday its net profits surpassed $10 billion for this year as its flagship token swelled to a $174 billion market cap in the third quarter of 2025. According to the firm’s latest attestation signed by accounting firm BDO Italy, the company ended the quarter…
If it’s possible for a central bank to cut rates and still be hawkish, the U.S. Federal Reserve accomplished that this week. In his post-meeting press conference Wednesday, Fed Chairman Jerome Powell hit markets with an unexpected broadside, insisting that a December rate cut was far from a done deal. The reaction was swift, with…
Friday has gone from bad to worse for crypto assets as U.S. President Trump said he would impose an additional 100% tariff on China, sending prices cascading lower in a flash crash. Bitcoin BTC$115,057.97, already trading weak at around $117,000 following Trump’s late morning comments about threatening China with tariffs, tumbled below $110,000, down 12%…