Market Wrap


Markets

AI-Related Cryptos Lead Altcoin Surge; Bitcoin Breakout Nears with Several Catalyst in Q4: Analyst

NEAR, RNDR, TAO and LPT booked double-digit gains as artificial intelligence-focused tokens were the best performers within the CoinDesk 20 Index.

Bitcoin price on 09 23 (CoinDesk)

Markets

Bitcoin Faces Key Test at $64K as Altcoins Lead Crypto Rally; Options Traders Bet on $70K BTC Next Month

The broad-based CoinDesk 20 Index outperformed BTC and ETH, with all of its constituents advancing through the day and SOL, AVAX and APT gaining 10%-15%.

Bitcoin price on 09 19 (CoinDesk)

Markets

Bitcoin Gains 5% to $61K Ahead of Fed, but Order Books Suggest Rally Could Be Capped

Wednesday's FOMC meeting carries uncertainty for the market, with investors still divided on the magnitude of rate cut.

Bitcoin price on 9/17 (CoinDesk)

Markets

Bitcoin Eyes $60K and Likely Has More Room to Rally, Analyst Says

The key variable for risk assets is the U.S. economy as concerns of a recession linger, crypto investment firm Ryze Labs said.

Bitcoin price on Sept. 13 (CoinDesk)

Markets

Bitcoin Plunges Below $56K as Stocks Sell Off in Weak U.S. Trading

Crypto markets have made a habit over the past few weeks of declining as U.S. traditional markets open, underscoring a general risk-off sentiment among American investors.

Bitcoin price on Sept. 11 (CoinDesk)

Markets

Bitcoin Eyes $58K With Downtrodden Crypto Markets Exposed to Short Squeezes, Says Analyst

The 30-day average funding rates for perpetual swaps slid to negative levels, a rare occasion that marked a bottom in prices historically, K33 Research said.

Bitcoin price on Sept. 10 (CoinDesk)

Markets

Bitcoin Retakes $57K, but Potential Positive Catalysts Are 'Sparse,' Says NYDIG

"Bitcoin might be at the whims of the broader market backdrop," wrote NYDIG's Greg Cipolaro.

(Unsplash)

Markets

Bitcoin Pumps, Then Dumps Below $54K as Jobs Report Spurs Crypto Volatility

The price swing liquidated nearly $50 million of leveraged derivatives positions across all cryptocurrencies in one hour, CoinGlass data shows.

Bitcoin price (CoinDesk)

Markets

Aptos Leads Losses as Crypto Weakness Continues; Coinbase Shares Fall to 7-Month Lows

Bitcoin tumbled below the $56,000 level on Thursday before a modest bounce.

Bitcoin Price 9/5 (CoinDesk)

Markets

Bitcoin Posts Negligible Bounce, but Extreme Fear Suggests Larger Rebound in Store

The Crypto Fear & Greed Index has plunged to levels that previously have presaged a sizable move higher in bitcoin prices.

(Art Institute of Chicago/Unsplash)