Market Wrap: Bitcoin Sticks to $10.7K; DeFi Site dForce Doubles TVL in 24 Hours

Buying volume is pushing bitcoin higher. Meanwhile, DeFi investors continue to seek places to park crypto for steady yield. Bitcoin (BTC) is trading around $10,730 as of 20:30 UTC (4:30 p.m. EDT). Gaining 0.50% over the previous 24 hours. Bitcoin’s 24-hour range: $10,550-$10,795 BTC above its 10-day and 50-day moving averages, a bullish signal for […]

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Market Wrap: Bitcoin Hits $10.4K; Ether Balances on Exchanges Fall to 7-Month Low

Bitcoin was trending upward before losing momentum; ether holders are moving their cryptocurrency off exchanges. Bitcoin (BTC) trading around $10,284 as of 20:00 UTC (4 p.m. ET). Slipping 0.12% over the previous 24 hours. Bitcoin’s 24-hour range: $10,174-$10,488 BTC below its 10-day but above 50-day moving averages, a sideway signal for market technicians. Bitcoin trading […]

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Market Wrap: Bitcoin Tumbles to $9.8K; Investors Continue Plowing Crypto Into DeFi

Bitcoin is in bear territory for the third straight day and investors are still looking to DeFi to capture gains during the dump. Bitcoin (BTC) trading around $10,606 as of 20:00 UTC (4 p.m. ET). Slipping 0.90% over the previous 24 hours. Bitcoin’s 24-hour range: $9,894-$10,081 BTC below its 10-day and 50-day moving averages, a […]

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First Mover: As Bitcoin Falls for Second Day, Long-Term Holders Probably Won’t Care

You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team and edited by Bradley Keoun, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context every wild swing in bitcoin and more. We follow the money so you don’t have to. […]

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Bitcoin Up $2k on Day as Market Nears $400 Billion

The price of bitcoin is surging on the back of a strong night-time trading session (18:00 to 24:00 UTC) in which the cryptocurrency rose 10 percent to top $14,000 for the first time. The second-best performing asset during the trading period (trailing only the largely unknown crypto asset TRON), bitcoin’s strong upward move caps 24 […]

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Nic Carter: Bitcoin’s Patronage System Is a Big Strength

CoinDesk columnist Nic Carter is partner at Castle Island Ventures, a public blockchain-focused venture fund based in Cambridge, Mass. He is also the cofounder of Coin Metrics, a blockchain analytics startup. A quietly important phenomenon has gained steam in the last few months. And I’m not referring to Grayscale gobbling up all the new coins […]

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UNDP Partners With Crypto Startup on Solar Power Pilot

Blockchain startup Sun Exchange has partnered with the United Nations Development Programme (UNDP) on a pilot program that seeks to bring solar power to a university in Moldova. The solar cells will be owned by individuals around the world and leased to the recipient university, which allows the school to save on the costs of […]

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Market Wrap: Bitcoin Clings to $11,000 as Ether Futures Top $1B

Bitcoin was little changed at around $11,000 with lower spot volumes as traders eye growth in the market for ether futures. Bitcoin was little changed at around $11,000 Thursday as traders digested reports the U.S. economy shrank during the second quarter at the fastest pace on record, and that President Donald Trump is wondering if […]

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Why the Twitter Hack Was Good for Bitcoin (and It’s Not the Media Attention)

Every year has a handful of days that you’ll never forget. Sometimes for great reasons, sometimes for awful ones, and sometimes because a level of noise and action coalesces into an awareness that something big has shifted. Wednesday was one of those days, with the staccato of compromised Twitter accounts (including ours) escalating to reach […]

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