Market Wrap


Markets

Bitcoin Gives Up Gains as U.S. Election Anxiety Unleashes Crypto Volatility

The worst case scenario for risk assets including cryptocurrencies would be a delayed or contested election where the result is unknown for weeks, one observer noted.

Bitcoin price on Nov 5 (CoinDesk)

Markets

Crypto Slumps Alongside Trump's Victory Odds on Polymarket as Uncertainty and Profit-Taking Rise

The final stretch of the U.S. presidential election is keeping traders on their toes after recent big runs higher for crypto and traditional markets.

Donald Trump at BTC 2024 (Danny Nelson/CoinDesk)

Markets

Ether Tumbles 5.8%, Leading Large Crypto Losses, With Bitcoin Sliding Below $71K

Crypto-linked stocks such as MicroStrategy, Coinbase, Robinhood and bitcoin miners MARA, RIOT also suffered sizable declines.

Bitcoin (BTC) price on Oct. 31 (CoinDesk)

Markets

Bitcoin Tops $73.5K, Climbing Just Shy of New Record High

The largest crypto has extended its year-to-date gain to nearly 75% and has more than doubled from year-ago levels.

Bitcoin $73K

Markets

Dogecoin Jumps 10%, Outperforming on Trump Popularity as Bitcoin Nears $70K

Bitcoin's "bullish setup" into the U.S. election next week mirrors late 2020, which preceded a 120% rally in two months, Matthew Sigel of VanEck said.

Dogecoin (DOGE) price on Oct. 28 (CoinDesk)

Markets

Crypto Rally Foiled by Report of DOJ Probe of Tether

Bitcoin appeared poised to make another run at $70,000, but a WSJ story of a criminal probe into the stablecoin issuer sent prices tumbling.

Bitcoin price 10/25 (CoinDesk)

Markets

Bitcoin Climbs 3% to Retake $68K With Solana Outperforming, Ether Showing Relative Weakness

Bitcoin Cash and Uniswap led CoinDesk 20 gains, each rising more than 5%.

Bitcoin price action (CoinDesk)

Markets

Bitcoin Slides to $66K, Ether Dives 5% in Market-Wide Selloff

Cryptocurrencies weren't spared as stocks, bonds, gold and oil all declined on Wednesday.

Bitcoin price action.

Markets

Bitcoin Pulls Back Below $67K; Is Another Crypto Rally Failing?

It's been an excruciating seven-plus months for the bulls as upside price breakouts have continually been reversed.

Bitcoin price on Oct. 21 (CoinDesk)

Markets

Bitcoin Bounces 7% Above $63K as Crypto Traders Eye China Stimulus Statement

Solana's SOL, Avalanche's AVAX and Render's RNDR led the crypto rally as almost all but one member of the CoinDesk 20 Index posted gains.

Bitcoin price on 10 11 (CoinDesk)