Markets


Markets

Bitcoin Trader Warns of Correction as BTC Dominance Reaches 2021 Levels; Solana Leads Market Gains

Dominance refers to the ratio between the market capitalization of BTC to the total market capitalization of all cryptocurrencies combined and is often used as a gauge for market sentiment. PLUS: Some Solana tokens are up as much as 70%.

16:9 Market decline (Mediamodifier/Pixabay)

Markets

Institution Takes $25M Hedge Bet on Derive's Bitcoin Options Market as U.S. Election Looms

The strategy will profit most if BTC rises to $80,000 by the end of November.

Donald Trump and Kamala Harris on screen at a Presidential debate. (Kevin Dietsch/Getty Images)

Markets

Bitcoin Retakes $67K, Dollar Index Rally Stalls as Beige Book Supports Fed Rate Cuts

Beige Book bolsters hope for quarter-point Fed rate cuts in November and December.

BTC's price chart. (CoinDesk/TradingView)

Markets

Number of Bitcoin Whales Jumps to Highest Since January 2021

Whale Entities are clusters of crypto wallet addresses held by a single network participant holding least 1,000 BTC.

humpback (ArtTower/Pixabay)

Markets

Solana Hits Record vs. Ether, Outperforms Bitcoin as AI Memecoin Frenzy and Surging Revenues Fuel Rally

Solana was the best-performing asset in the CoinDesk 20 Index through the week, advancing 11%, while BTC and ETH declined.

Solana's SOL price (CoinDesk)

Markets

DOGE, XRP Lead Crypto Majors Decline as Bitcoin ETFs Bleed $80M

The broad-based CoinDesk 20 (CD20), a liquid index tracking the largest tokens by market capitalization, fell nearly 2% while bitcoin lost 1%.

Deutsche Bank's survey of retail investors see bitcoin (BTC) price dropping below $20K by year-end (Meg Boulden/Unsplash)

Markets

Bitcoin Is Going to $80K Regardless of Trump or Harris Win, Traders Say

There are skewed expectations of a Republican win as better for bitcoin. However, some say the asset is poised to go higher either way as several macroeconomic factors weigh in.

Trump and Harris debating on CNN. (Sam Reynolds/CoinDesk)

Markets

More Than Arbitrage: $2.5B Inflow in Spot BTC ETFs Features Bullish Directional Bets

Institutions seem to be moving away from traditional cash and carry arbitrage to pure directional plays, according to observers.

(Aaron Burden/Unsplash)

Markets

Solana Token Issuer Pump.Fun Rakes in Big Bucks With 1M SOL in Lifetime Fees

Active addresses grew to 85,000, of which 37,000 were new wallets, indicative of strong demand. Meanwhile, Lookonchain data shows that Pump’s creators are raking in profits.

image of a crypto trader aka degen (Anjo Clacino/Unsplash, modified by CoinDesk)

Markets

ApeCoin Traders Make Bold Moves in PowerTrade's Altcoin Options Market

APE has doubled in value to $1.5 since the weekend.

(Dylan Calluy/Unsplash, modified by CoinDesk)

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