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Is Now a Good Time to Buy the Dip?
BitGet CEO Gracy Chen explains why she plans on buying the dip and what would be a good price point to do so. This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.
BitGet CEO on Overall Crypto Market Turmoil
BitGet CEO Gracy Chen joins CoinDesk to discuss the cause for the market downturn across major cryptocurrencies and what's going to happen next. Plus, insights on a potential recession in the U.S. and the role of crypto in the upcoming presidential election. This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.
CoinDesk 20 Index Fell More Than 20% During Overall Crypto Market Crash
The overall crypto market crashed as risk-off sentiment permeated global markets. The altcoin-heavy benchmark CoinDesk 20 Index fell more than 20%, with crypto majors Solana and Near Protocol plummeting 20% to 30%. The sentiment shift stems from the recession fears ignited by Friday's U.S. economic and jobs data, as well as the rising tensions in the Middle East. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."
Crypto Market in a Sea of Red; Morgan Stanley Gears Up to Offer ETFs
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as major cryptocurrencies extended their slump during Asian trading hours before recovering from the crash. Plus, former President Donald Trump argued the benefits of the U.S. embracing bitcoin in an interview with Fox Business and CNBC reports that Morgan Stanley is getting ready for its advisers to offer bitcoin ETFs to wealthy clients.
Bitcoin Risk-Reward Remains Compelling Even After Price More Than Doubled in a Year
Data tracked by CryptoQuant shows that bitcoin's "reserve risk" indicator, which measures the confidence of long-term holders based on their willingness to defer spending coins, remains entrenched in the so-called green zone below 0.002. The low reading indicates an attractive risk-reward ratio for those looking to make additional or fresh investments. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."
Kamala Harris Can't 'Cede Crypto to Trump'; Bybit Withdraws Services From France
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as the Official Monetary and Financial Institutions Forum says that Harris cannot afford to "cede crypto to Trump." Plus, the U.S. added 114,000 jobs in the month of July, and crypto exchange Bybit said it will withdraw its services from France in response to regulations in the country.
Bitcoin Trading Sideways Is the 'Best Thing' for Long-Term Holders: eToro US Analyst
eToro US Investment and Options Analyst Bret Kenwell breaks down the possibility for an interest rate cut in September and what the Federal Reserve's next moves could mean for crypto. Plus, why bitcoin's (BTC) boring pattern could be a good thing for investors. This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.
Bitcoin's Boring Pattern Is a 'Good Thing': eToro US Analyst
eToro US Investment and Options Analyst Bret Kenwell explains why bitcoin trading sideways is actually a good thing for investors since false hopes and breakouts are being cleared out of the way.
Bitcoin Whales Added $5.4B in BTC in July: Data
According to data tracked by blockchain analytics firms IntoTheBlock and TradingView, large bitcoin holders, or addresses owning at least 0.1% of BTC's circulating supply, snapped up over 84K BTC in the month of July. That's the biggest single-month tally in BTC terms since October 2014. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."
Trump-Linked Website Is Selling 'Bitcoin Sneakers;' Tether Reports Record Net Profits This Year
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as a Trump-linked website is offering several ranges of bitcoin-themed sneakers with prices as high as $500 a pair. Plus, the Federal Reserve has kept its benchmark fed funds rate range unchanged at 5.25%-5.50% and Tether reported a "record" $5.2 billion of net profits in the first half of 2024 as USDT’s market cap surged to new all-time highs.