This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. CoinDesk Market Index (CMI) 1,001 +7.6 ▲ 0.8% Bitcoin (BTC) $20,838 +127.3 ▲ 0.6% Ethereum (ETH) $1,544 +11.3 ▲ 0.7% S&P 500 futures 4,005.75 −12.5 ▼ 0.3% FTSE 100 7,854.62 +10.5 ▲ 0.1% Treasury Yield 10 Years 3.51% ▲ 0.1 BTC/ETH prices per CoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC) Bitcoin, the… Source link

This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. CoinDesk Market Index (CMI) 1,001 +7.6 ▲ 0.8% Bitcoin (BTC) $20,838 +127.3 ▲ 0.6% Ethereum (ETH) $1,544 +11.3 ▲ 0.7% S&P 500 futures 4,005.75 −12.5 ▼ 0.3% FTSE 100 7,854.62 +10.5 ▲ 0.1% Treasury Yield 10 Years 3.51% ▲ 0.1 BTC/ETH prices per CoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC) Bitcoin, the… Source link

Bitcoin (BTC) and Ether (ETH), the top two cryptocurrencies by market capitalization have always been pitted against each other. With the start of the new year, the first debate has surfaced comparing BTC’s capped supply of 21 million and ETH’s deflationary supply and which of the two qualifies as more sound money. An Ethereum-focused Twitter handle called ‘ultra sound money’ compared the issuance supply of both crypto and suggested that “if capped-supply BTC is sound then… Source link

Bitcoin (BTC) shows the potential of stretching its ongoing price recovery to $25,000 by March, based on a mix of bullish technical and macro indicators. Bitcoin price exits descending channel range First, Bitcoin’s potential to hit $25,000 comes from its exit from a prevailing descending channel range. A bull run or bull trap? — Cointelegraph (@Cointelegraph) January 16, 2023 Notably, the BTC price broke out of the range late last week while accompanying a rise in its trading volumes. The… Source link

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The crypto world is possibly experiencing a new bullish season, with Algorand, Litecoin, and Monero among the key players The beginning of the year has been characterized by being colored green for a number of digital currencies, some of them are flash fires but others have solid foundations and particularly favored by analysts  Price analysis of Monero, Algorand and Litecoin Among the most interesting names in the crypto universe are Monero, Algorand and Litecoin.  A look at the… Source link

The crypto world is possibly experiencing a new bullish season, with Algorand, Litecoin, and Monero among the key players The beginning of the year has been characterized by being colored green for a number of digital currencies, some of them are flash fires but others have solid foundations and particularly favored by analysts  Price analysis of Monero, Algorand and Litecoin Among the most interesting names in the crypto universe are Monero, Algorand and Litecoin.  A look at the… Source link

With Bitcoin and Ethereumboth soaring over 20% this past week, the cumulative value of all digital assets has once again reclaimed the key level of $1 trillion. This is the first time the wider crypto market has been valued this high since the beginning of November when the sudden collapse of FTX sent prices spiraling. Peaking at $1.15 trillion on Sunday night, the total market capitalization is currently valued at $1.01, according to data from CoinGecko. The key driver behind the latest upward… Source link

Ethereum staking activity increased closer to the Shanghai upgrade and subsequent staked-ETH unlock.  Total value staked in ETH2.0 deposit contract hit a new all-time high of 16,042,407 tokens, in an upward swing.  On-chain indicators like whale activity on the Ethereum network corroborate the growing interest among traders and the community.  Ethereum staking, which involves locking ETH tokens in a deposit contract and earning the opportunity of validating… Source link

The biggest Ethereum (ETH) whales in existence are eyeing up Dogecoin (DOGE) rival Shiba Inu (SHIB), according to on-chain data. Keeping track of the 500 biggest whales on the Ethereum network, blockchain tracker service WhaleStats says that SHIB is the third largest holding among the cohort, excluding stablecoins and staked Ether (stETH). “The top 500 ETH whales are hodling $148,197,940 BEST$85,540,230 LOCUS$84,571,717 SHIB$61,997,059 BIT$57,980,317 UNI$56,226,206… Source link