Bitcoin


Markets

First Mover: Binance's Shrinking Trading Spreads and Bitcoin's Jackson Hole Fizzle

Traders are getting better fills due to shrinking bid-ask spreads on Binance and other cryptocurrency exchanges. It's a sign of a healthy market.

Shrinking Binance bid-offer spreads might reveal crypto markets maturing. (Rednuht/Creative Commons, modified by CoinDesk)

Markets

Bitcoin, Gold Recover After Jerome Powell Speech Shakes Markets

Bitcoin and gold are reversing losses seen on Thursday after the Federal Reserve's announcement of a more relaxed approach to tackling inflation.

Federal Reserve building, Washington, D.C.

Markets

Winklevoss Brothers Say Bitcoin Could Reach $500K as the 'Only' Long-Term Inflation Hedge

"Bitcoin is ... the only known commodity in the universe that has a deterministic and fixed supply," the Winklevoss brothers wrote in a blog post saying the cryptocurrency may one day hit $500,000.

Cameron and Tyler Winklevoss

Markets

Binance’s Bitcoin 'Bid-Ask Spreads' Tighten as Cryptocurrency Markets Mature

The narrowing gap between bitcoin buy and sell orders on big exchanges like Binance shows an increasing depth to cryptocurrency markets.

Binance CEO Changpeng "CZ" Zhao (CoinDesk archives, modified by CoinDesk)

Tech

Wasabi Wallet Is Revamping Its CoinJoin Design to Allow Bitcoin Mixing With Differing Values

Wasabi Wallet's new protocol would allow users to coinjoin with differing values, which could give users greater flexibility when using the privacy feature.

(Ilya Starikov/Getty)

Markets

Market Wrap: Bitcoin’s Powell-Induced Price Swing; Ethereum Still High on Gas

Bitcoin's price gyrated by over $450 during and after Fed Chair Powell’s comments while Ethereum’s gas congestion continues.

CoinDesk 20 Bitcoin Price Index

Markets

Bitcoin Pops and Drops After Powell Introduces Average Inflation Targeting

Bitcoin whipsawed on Thursday after the Federal Reserve’s chairman signaled tolerance for high inflation, as expected.

btc chart

Markets

Chainalysis Report Shows Healthy Crypto Usage in Venezuela

The Venezuelan government's push to create a cryptocurrency-centric economy appears to be working, but perhaps not in the way officials had hoped.

Traffic in Caracas (luisana zerpa/Unsplash)

Markets

First Mover: Monetary Challenges Aren't Just Virtual as Fed's Powell Returns to Jackson Hole

Crypto traders are prepping for a speech by Federal Reserve Chair Jerome Powell in Jackson Hole, Wyoming, where inflation is on the agenda.

View of Grand Tetons near Jackson Hole, Wyoming. (Wikipedia, modified by CoinDesk)

Markets

Bitcoin's Implied Volatility Falls Sharply Ahead of Jerome Powell Speech

Bitcoin’s options market foresees little price turbulence in the short-term, even as markets await a key speech from the chairman of the Federal Reserve.

Implied bitcoin volatility.