Markets


Markets

First Mover Americas: Bitcoin Falls to 2-Month Low

The latest price moves in crypto markets in context for May 12, 2023.

Bitcoin plunges below $40K (Eva Blue/Unsplash)

Markets

Bitcoin Prices Slip to 2-Month Lows as CoinDesk’s Bitcoin Trend Indicator Turns Neutral From Bullish

Prices fell to $26,160 soon before press time, reaching the lowest since March 17.

Bitcoin's price (CoinDesk Indices)

Markets

Bitcoin Prices Retrace as Traders With Varying Time Horizons Jockey for Position

Longer term holders remain resilient. Bitcoin super whales warrant attention, as they have recently reduced positions.

(Mathew Schwartz via Unsplash)

Markets

Bitcoin Edges Below $27K as Latest Bank Crisis Fails to Trigger Price Increase

BTC has been trading largely below the psychologically important $30,000 mark since late April, as investors wrestle with recent bank sector debacles and other macroeconomic uncertainties.

Downgrade spiral staricase going down downwards (Unsplash)

Markets

‘Smart Money’ Traders Reduce Pepecoin Holdings by $3M as Meme Coin Mania Cools

PEPE token has dropped 66% since last week, when it reached a $1.8 billion market capitalization after a staggering rally.

(Anthony Kwan/Getty Images)

Markets

Long-Term Bitcoin Holders Boost Their Stash as BTC Prices Decouple From Nasdaq

Long-term holder wallets are witnessing net accumulation at the fastest pace since October 2021.

Bitcoin: Long term holder net position change (Glassnode)

Markets

Bitcoin Roller Coaster Ride Wednesday Underlines Its Vulnerability but Also Its Resilience

Bitcoin and ether rose on mildly favorable inflation data, sank amid rumors of a U.S. government sell-off of BTC and then climbed again as investors shrugged off the tumult.

(Chris De Tempe/Unsplash)

Markets

Bitcoin Dips Below $27K, Reversing Post-CPI Rally

The BTC/USD trading pair on Coinbase was trading as low as $26,800 before regaining some ground.

Red arrows pointing down falling drop (Getty Images)

Markets

Bitcoin Tends to Become More Volatile Around Monthly U.S. Inflation Releases: Kaiko

Monthly U.S. inflation readings influence the Fed policy, which impacts both crypto and traditional markets.

The bitcoin market may see price volatility later Wednesday. (Ogutier/Pixabay)

Markets

Are Cryptocurrencies an Inflation Hedge? Theoretically Yes, Factually No Says S&P

Some argue that crypto assets could be in demand in a high-interest rates/high inflation environment because they could serve as a store of value, however crypto's track record is too short to prove this, S&P said.

Cryptocurrencies could in theory offer protection against inflation. (stevepb/Pixabay)

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