Cryptocurrency Analysis and News Portal
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.Bitcoin remains susceptible to further downside, having lost over 7% since hitting record highs above $124,000 on Thursday.Bullish momentum fadingThe weekly chart (candlestick format) shows that BTC's ongoing decline follows repeated bull failure to secure a
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Tokyo-listed Metaplanet Inc (3350) has acquired an additional 775 bitcoin for 13.73 billion yen (about $94 million), according to its most recent filing. The purchase, made at an average price of 17.72 million yen ($120,500) per bitcoin, lifts the company’s total holdings to 18,888 BTC, worth roughly 284.1 billion
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Japan's Financial Services Agency (FSA) will approve the first yen-denominated stablecoin as early as this fall, according to a Nihon Keizai Shimbun report on Sunday.Fintech company JPYC will register as a money transfer business with the FSA, paving the way for the approval of the first yen stablecoin. JPYC's stablecoin
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Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE,
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Crypto markets traded sideways heading into Monday, with bitcoin holding near $115,000 and ether (ETH) above $4,200, as traders weigh whether a potential Fed rate cut in September will extend digital assets’ risk-on momentum or revive correlations with gold.Weekend action suggested profit-taking across the board. Bitcoin ticked lower by
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Good Morning, Asia. Here's what's making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.Leverage in crypto markets is surging back to
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Chainlink’s LINK token jumped 18% to $26.05 on Sunday, according to CoinDesk Data, pacing the top 50 cryptocurrencies by percentage gain as analysts and traders cited momentum and recent fundamental catalysts.What Analysts Are SayingAltcoin Sherpa described LINK as “one of the best coins right now,” pointing to chart strength that
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Bitcoin hovered near $118,348 on Sunday, up 0.39% in 24 hours, as two analysts outlined paths that could test traders’ nerves: a dip toward $108K–$112K or a drawn-out range with room for altcoins.Lark Davis argues that if bitcoin continues to slide, the most likely landing zone is $108,000–$112,000. That
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Terra/Luna creator Do Kwon pleaded guilty to one charge of conspiring to commit fraud and one charge of wire fraud on Tuesday, following an earlier not guilty plea and a very lengthy extradition process.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click
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Every day, there seems to be a new blockchain for stablecoins.Or at least that’s how it felt this week, when USDC (USDC) issuer Circle announced Arc, its own settlement network, shortly after payments giant Stripe accidentally revealed Tempo, built in collaboration with Paradigm.They were the latest in a growing list.
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