Bitcoin


Markets

Market Wrap: Bitcoin Drops to Near $56K as Spot Trading Volume Remains Low

The oldest cryptocurrency is looking at a price support level around $54,000, with resistance around $60,000.

CoinDesk Bitcoin Price Index

Markets

Bloomberg Foresees Bitcoin Rallying to $400K This Year

Analysts at Bloomberg Crypto argue the largest cryptocurrency might be due for a run analogous with the steep rallies of 2017 and 2013, following prior "halvings" on the blockchain network.

Bitcoin price trend chart, from Bloomberg Crypto.

Markets

Here's How the Archegos Debacle May Have Spilled Over to Bitcoin

The difference between bitcoin futures premium on CME and other crypto exchanges has widened since the end of March, when Bill Hwang’s troubles surfaced.

CME Group Headquarters (CoinDesk Archives)

Markets

Bitcoin Still Has Support From Long-Term Uptrend, Says Technical Analyst Katie Stockton

Despite short-term volatility, bitcoin's uptrend remains intact. And some traders could be shifting to altcoins.

BTC daily chart

Markets

Bitcoin Drops 6% in Korea, Shrinking the 'Kimchi Premium'

Bitcoin lost ground after Upbit suspended KRW deposits and withdrawals.

kimchi-2449656_1920

Markets

Market Wrap: Bitcoin Futures Premium Rises Again Despite Bitcoin’s Relatively Flat Performance

Bitcoin traders are increasing their bullish bets in futures markets – and taking more risk.

CoinDesk Bitcoin Price Index

Markets

Crypto Asset Flows Bounced Back Last Week, Ending Record $4.5B Quarterly Haul

Inflows to crypto funds jumped from a five-month low of $21 million the prior week.

Crypto asset fund flows

Markets

Bitcoin Analysts Say 'Kimchi Premium' Isn't Distress Signal It Once Was

Bitcoin is drawing the highest "kimchi premium" in three years, indicating retail frenzy in South Korea.

The South Korean Financial Services Commission is extending a ban on short-selling after last week's GameStop share price pump.

Markets

Bitcoin Rangebound With Support Near $57,900

BTC continues to consolidate, although selling pressure remains limited to rising support levels on intraday charts.

BTC hourly chart

Markets

Market Wrap: Bitcoin Steady Near $59K; Gains in Altcoins Push Crypto Market Cap to $2T

As altcoins rise, bitcoin’s market dominance is down to around 57% from near 73% at the beginning of the year.

CoinDesk Bitcoin Price Index