Bitcoin and crypto prices soared following lower-than-expected U.S. inflation data for November. Crypto stocks bounced in line with U.S. stock futures. Bitcoin was hurtling toward $18,000 shortl...
Tag: token-projects
U.S. inflation shows signs of cooling at 7.1% in November, below estimates
Inflation in the U.S. came in at 7.1% in November, compared to the 7.3% year-on-year forecast. The month-on-month increase was 0.1%, down from 0.4% in October. Cryptocurrencies and traditional ...
Cumberland sees better days for crypto in 2023 after market ‘rewires itself’
Cumberland sees adoption leading to a market recovery in 2023, but only after a “spat of volatility” as the “market rewires itself.” Jonah Van Bourg, the firm’s head of trading, said he expects ...
Bitcoin flirts with $17,000 as Binance token price plunges with big week ahead for markets
Cryptocurrencies and crypto-related stocks had a mixed start to the week, while GBTC saw the discount on the fund’s net asset value approach 50%. Bitcoin whipsawed above and below $17,000 ...
Bitcoin up over the week, while Coinbase and Silvergate plummet, GBTC discount widens
Bitcoin and ether are trading higher ahead of U.S. inflation data and the Fed’s latest interest rate decision. Crypto stocks sank throughout the week. Bitcoin was changing hands at about $...
Bitcoin trades above $17,000 as Coinbase leads sell-off in crypto stocks
Crypto prices were up on Friday, while most related equities sank. Block bucked the downward trend, adding 2.4%. Bitcoin was changing hands for $17,154 at noon EST on Friday, according to Tradin...
Grayscale’s GBTC discount to NAV hits all-time low of 47%
The price of Grayscale Bitcoin Trust (GBTC) versus the bitcoin it actually holds hit an all time low on Wednesday, with the discount ratio reaching 47.3%, according to data from The Block. The G...
Bitcoin, crypto assets drop, Silvergate shares hit two-year low as stocks trend lower
Crypto and related assets slumped alongside traditional markets. Bitcoin slid 1% below the $17,000 mark to $16,845 at 10:15 a.m. EST, according to data via TradingView. Ether slipped 1.4% in th...
Coinbase slips 7%, Silvergate sinks over 4% as equities have another down day
Bitcoin and ether were little changed amid a plunge in equities. Bitcoin was trading just below $17,000, up about 0.2% by 4:00 p.m. EST, according to TradingView data. The leading cryptocurrency...
Litecoin, dogecoin lead declines in crypto prices, Silvergate plummets pre-market
Altcoins led the drop in crypto markets as bitcoin and ether also slid. Silvergate sank over 11% in pre-market trading despite the CEO’s efforts to reassure the market. Bitcoin slipped 1....
From 70% drop to 1,300% jump, Novogratz, Draper and more chime in on future
Trying to figure out where bitcoin’s going to go in 2023? You’re probably better off asking a Magic 8 ball. Bitcoin is down some 65% over the past year and the outlook for 2023 is &#...
Bitcoin, ether both trading lower as crypto stocks lead Monday declines
Cryptocurrency prices traded down on Monday, with bitcoin slipping below $17,000. Crypto-related stocks fell across the board, with declines lead by Silvergate. Bitcoin was trading at $16,932 sh...
Maple token down more than 24%, cuts ties with Orthogonal Trading following $36 million default
Maple Finance’s token, Maple (MPL), plummeted on Monday following the revelation that Orthogonal Trading defaulted on $36 million of loans on the crypto lending protocol. Orthogonal Trading inte...
Cryptocurrencies rise as shares of Block and Silvergate decline with traditional markets
Crypto prices were in the green on Monday while stocks declined across the board. Grayscale’s ether trust hit a new low. Bitcoin has been trading above $17,000 since about noon EST on Sun...
Bitcoin, ether, crypto stocks plummet following bumper U.S. jobs figures
Cryptocurrencies dropped in line with equities, while U.S. Treasury yields rose after U.S. jobs data for November beat expectations. Non-farm payrolls for the month came in above estimates at 2...
Bitcoin dips under $17,000, Block and Coinbase see mixed fortunes and Silvergate sinks
Crypto prices traded down on Thursday as bitcoin flipped either side of $17,000 just 24 hours after reaching a two-week high. Meanwhile, crypto stocks traded in a wide range during the day’...
Decentralized crypto exchange volumes nearly double in November amid FTX debacle
Cryptocurrency exchange volumes jumped in November from the previous month as the collapse of FTX roiled markets, with decentralized platforms seeing an increase of 93%. Centralized (CEX) exchan...
Bitcoin clings to two-week high, crypto stocks continue to tick upward
Crypto prices are holding steady at their highest since the FTX fiasco in early November, in line with broader financial markets. Bitcoin rose 1.8% since yesterday, trading at $17,132 at 8:45 a....
TP ICAP gets FCA approval to offer crypto services to institutional clients
Capital markets firm TP ICAP has received approval from the UK’s Financial Conduct Authority (FCA) to register as a cryptoasset exchange provider. TP ICAP’s new exchange, known as F...
Bitcoin trades over $17,000 following Powell’s speech, December decisions loom large
The Fed is likely to slow its rate increases in December, while upcoming inflation data and the first U.S. House committee hearing on the FTX collapse also loom large for markets. “It wil...
Bitcoin, ether tick higher as Silvergate stock dips, GBTC discount widens
Cryptocurrencies traded higher, while some crypto-related stocks dipped over contagion fears. Bitcoin rose 1.6% from yesterday, trading at $16,448 at 8:30 a.m. Eastern, according to CoinGecko. ...
Dogecoin and Binance’s BNB tack on double-digit gains
Bitcoin and ether moved sideways for the most part last week, as some altcoins moved higher. Bitcoin was changing hands at about $16,559 at 8:30 a.m. ET Sunday, representing a decline of about ...
Dogecoin leads gains, bitcoin and ether dip as stock trading resumes on Wall Street
Altcoins and memecoins led gains, while major cryptocurrencies dipped slightly. Bitcoin fell 0.2% from yesterday, trading at $16,492 at 8:00 a.m. Eastern, according to CoinGecko. Ether was chang...
Crypto prices pare initial gains after Fed minutes show a slow down ‘soon’
Crypto prices rose and quickly came back down upon the release of the minutes showing that the Fed is going to “slow” down its hikes. The Federal Open Market Committee (FOMC) — which decid...
Bitcoin, ether, altcoins, crypto stocks are all buzzing pre-market ahead of Fed minutes
Altcoins led a rally across crypto asset prices, with some adding double-digit gains. Binance’s BNB rose 13%, and Litecoin’s LTC was up over 15%. Bitcoin rose 3.2% over the past 24...
Coinbase, Silvergate rise in pre-market trading, GBTC lifts off fresh lows
Most major cryptocurrencies were lower on Tuesday morning, but some altcoins bucked the downward trend. Bitcoin was down 0.9% over the past 24 hours, trading at $16,003. Meanwhile, ether droppe...
Exchanges rushed to show proof of reserves. It’s not enough.
Centralized exchanges still standing after the fall of FTX rushed to show proof of reserves. It’s a nice show, but it’s not enough, experts say. Proof of reserves — or showing exactl...
Coinbase, Silvergate and crypto stocks tick lower, Grayscale trusts hit new lows
Crypto prices traded up marginally on Friday, while shares in Coinbase and Silvergate continued to trade lower. Bitcoin was up 0.1% over the past 24 hours, trading at $16,693. Meanwhile, ether ...
Crypto stocks sink lower as cryptocurrencies tread water
Crypto prices were treading water on Thursday while stocks led equity market losses. Bitcoin gained 0.2% to $16,501 over the past day, while ether shed 0.3% to trade at $1197, according to data via C...