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Market Wrap

Markets

Market Wrap: Bitcoin Declines Further as Momentum Wanes

BTC is approaching support at about $20.5K; the options market implies concerns of additional price declines.

By Glenn Williams Jr., Jimmy HeJul 26, 2022

BTC dropped 6% Tuesday. (CoinDesk Research and Highcharts.com)

Markets

Market Wrap: Bitcoin Starts the Week in Negative Territory

Bitcoin declines on lower than average volume, offering lower prices but little conviction.

By Glenn Williams Jr., Jimmy HeJul 25, 2022

Bitcoin declined 4.3% on Monday. (CoinDesk and Highcharts.com)

Markets

Market Wrap: Bitcoin Finishes the Week in Positive Territory Again

Bitcoin finishes strong, sees correlations with traditional markets narrow to prior levels.

By Glenn Williams Jr., Jimmy HeJul 22, 2022

The largest cryptocurrency by market capitalization is up 14% over the past seven trading days. (CoinDesk and Highcharts.com)

Markets

Market Wrap: Bitcoin Stalls at $23K but Sits Above Cost for Average Investor’s Purchase Price

Bitcoin investors are back in positive territory, although trading ranges have narrowed.

By Jimmy He, Glenn Williams Jr.Jul 21, 2022

Bitcoin declined 2.9% after an 11% increase over the previous seven trading days. (CoinDesk and Highcharts.com)

Markets

Market Wrap: Bitcoin Climbs Closer to 50-Day Simple Moving Average

Some analysts believe BTC’s consolidation above the SMA could propel the cryptocurrency’s recovery.

By Jimmy HeJul 20, 2022

BTC pushed to a one-month high of $24,265 and is attempting to climb above its 50-day simple moving average. (CoinDesk and Highcharts.com)

Markets

Market Wrap: Bitcoin Breaks Above $23K as Investor Fears Recede

The Crypto Greed & Fear Index climbed to 30, its highest point since April.

By Jimmy HeJul 19, 2022

BTC climbed above $23,000 and the Crypto Greed & Fear Index moved from "extreme fear" to "fear." (Patrick Hendry/Unsplash)

Markets

Market Wrap: Bitcoin Sees Best Day in Over a Month

BTC climbed to $22,753, its highest level since mid-June.

By Jimmy HeJul 18, 2022

Bitcoin, the largest cryptocurrency by market capitalization, had its best day in over a month. (CoinDesk and Highcharts.com)

Markets

Market Wrap: Bitcoin Erases Weekly Losses, but Skepticism Remains

BTC climbed for a third consecutive day, breaking above $21,000, despite lingering doubts.

By Jimmy HeJul 15, 2022

Bitcoin erased this week's early losses and climbed for a third consecutive day. (Mick Haupt/Getty Images)

Markets

Market Wrap: Bitcoin Surges as Fed Governor Talks Down 100 Basis Point Rate Hike

U.S. Federal Reserve Governor Christopher Waller said he supports hiking interest rates by 75 basis points in July, alleviating some fears of a 100 basis-point raise.

By Jimmy HeJul 14, 2022

(CoinDesk and Highcharts.com)

Markets

Market Wrap: Bitcoin Snaps Five-Day Losing Streak; Even Traders See More Hawkish Fed

BTC fell 4.5% minutes after the U.S. consumer price index showed June inflation rising to 9.1% but has since recovered.

By Jimmy HeJul 13, 2022

BTC price plummeted 4.5% minutes after the CPI was released but has since recovered to Tuesday levels.
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