Market Wrap


Markets

Market Wrap: Bitcoin Gains May Be Limited in January, Altcoins Outperform

Bitcoin continues to trade in a tight range on relatively light volume.

January (Debby Hudson, Unsplash)

Markets

Market Wrap: Bitcoin Celebrates Birthday on Dull Note, Analysts Expect Sideways Trading

Bitcoin’s 13th birthday caused little cheer as the cryptocurrency remains stuck in a sideways range.

Bitcoin's birthday (Sagar Patil, Unsplash)

Markets

Market Wrap Year-End Review: Bitcoin ETF Rally Proved Short-Lived, and $100K Dreams Faded

In October, the long-awaited U.S. bitcoin ETF approval sent BTC’s price toward an all-time high of almost $69,000. But extreme leverage preceded a sell-off back down to $47,100 by the end of the year.

(Jared Schwitzke/Unsplash)

Markets

Market Wrap Year-End Review: El Salvador Adopted Bitcoin, Then Bought the Dip

The country’s adoption of BTC as legal tender wasn’t enough to keep the cryptocurrency near $50K in September.

El Salvador (Esaú González, Unsplash)

Markets

Market Wrap Year-End Review: Altcoins, NFTs Filled Void When Bitcoin Got Boring

In mid-2021, crypto traders turned their attention to “Ethereum killers” and ridiculous-seeming NFTs that fetched hundreds of thousands of dollars.

Artist's rendition of a Bored Ape NFT. (Adam Levine/CoinDesk)

Markets

Market Wrap Year-End Review: When Institutions Cashed Out of Bitcoin

One big investment firm pocketed big profits by selling bitcoin near the market top in April before the price tumbled.

Bitcoin price events (Ruffer Investments)

Markets

Market Wrap Year In Review: Remembering Bitcoin’s FUD-Fueled Crash

As crypto markets moved through April and May, many buyers began to cash out as fear, uncertainty and doubt (”FUD”) overwhelmed traders. Concerns included U.S. capital gains taxes on digital assets, bitcoin’s environmental footprint and an outright ban on crypto mining in China.

(Faberge Workshop/Art Institute of Chicago, modified by CoinDesk)

Markets

First Mover Asia: Bitcoin Falls After Edging Toward $50K; Altcoins Rally

Polygon and terra continued as market stars on Wednesday; ether drops slightly.

SEASIDE HEIGHTS, NJ - NOVEMBER 25:  A roller coaster sits in the ocean after the Casino Pier collapsed when Superstorm Sandy hit, on November 25, 2012 in Seaside Heights, New Jersey. Mayor Bill Akers has asked the Coast Guard to find out whether the coaster is structurally stable, adding that it would make a great tourist attraction.  (Photo by Mark Wilson/Getty Images)

Markets

Market Wrap Year-End Review: Bitcoin Peaks as Coinbase Goes Public

Tesla’s bitcoin acceptance helped to send the BTC price to an all-time high near $65,000 in April, almost unthinkable just a few months earlier. Coinbase’s direct stock listing marked the exact date of the market top.

The peak of the bitcoin market in April 2021 perfectly coincided with the elevated hype surrounding the Coinbase direct stock listing. (William Henry Jackson/Art Institute of Chicago, modified by CoinDesk)

Markets

Market Wrap Year-End Review: Musk Pumps Bitcoin and Dogecoin

Dogecoin pumped along with bitcoin thanks to some high profile tweets.

Image posted on Feb. 4, 2021, by Elon Musk's Twitter account. (@elonmusk/Twitter, modified by CoinDesk)