Category: Altcoins

“So-called mainstream adoption will bring waves of new entrants to bitcoin, and the risk is that they won’t care, and won’t protect the decentralization properties that make it valuable over centralized alternatives in the first place,” Alex Thorn, head of research at Galaxy, wrote last week in his report.

ALSO: Why Binance’s alleged co-mingling of assets isn’t the same as FTX’s alleged co-mingling of assets.

Ether, the second largest crypto in market value, was recently changing hands below $1,800, off more than 5% from Sunday, same time. ETH and other major altcoins followed a similar path as bitcoin did on Monday with the bulk of their declines coming in the immediate hours after the SEC suit. BNB, Binance’s exchange token, […]

Connors writes that despite 2023’s focus on Bitcoin’s increased dominance and surging fees amid a challenging U.S regulatory environment, Ethereum’s post-merge performance, including an unexpected non-impact of staking ‘unlock,’ increased staking demand, and realized deflationary promise with over 250k ETH ‘burned,’ is garnering market attention.

Bitcoin was recently trading at about $26,835, roughly flat over the previous four hours but down 1.2% from Wednesday, same time, according to CoinDesk Indexes. The largest cryptocurrency has seemed almost entirely unaffected by the Wednesday, late-night U.S. House vote to pass a debt ceiling increase that would ensure the government can pay its bills, […]

In a Telegram message to CoinDesk, Strahinja Savic, head of data & analytics at crypto-focused, institutional capital markets and advisory platform FRNT Financial, noted that stocks and cryptos had fallen together instead of diverging as they have over the past couple of months. “Today crypto dips with risk assets, tomorrow it may not,” Savic wrote. […]

Bitcoin’s trading range fluctuated between $25,800 and $28,000 over the last week amid increased volatility. The variation was fueled by a prospective debt ceiling agreement, prompting market rallies, increased Bitcoin dominance and trading volumes, and may lead to more market activity due to Asian regulatory changes and Recep Erdogan’s re-election as president of Turkey, K33 […]

ALSO: The Commitment of Traders report shows that asset managers have increased their open long positions in bitcoin after falling in the two prior weeks.

Bitcoin was recently trading at $26,362, down about 3.1% over the past 24 hours. The largest cryptocurrency by market capitalization had been hovering in a narrow range before dipping below its recent $26,500 support early Wednesday. Markets have been roiled by an ongoing debt ceiling stalemate and inflationary and crypto regulatory concerns. Federal Open Market […]

After all, Hong Kong was, at one time, the home of crypto’s growth story in its early days. Binance, Bitfinex, Tether, Justin Sun, and many other crypto stakeholders as well as Initial Coin Offering (ICO) teams once called Hong Kong home as the city’s fast-paced and free-flowing markets on overdrive were a natural match for […]