Coindesk

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 2996.59, up 0.5% (+15.68) since 4 p.m. ET on Tuesday.Seven of 20 assets are trading higher.Leaders: BCH (+6.0%) and SOL (+1.8%).Laggards: APT (-2.7%) and AAVE (-1.6%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.Imagine a ship caught in a fierce storm, battered by large waves and swaying wildly yet staying afloat. It indicates that beneath the turmoil, resilience persists, suggesting that smooth sailing will follow once the storm passes.Similarly, when an asset's price refuses to decline despite bearish signals from key indicators, it suggests underlying strength and a potential bull run ahead.That's the current situation in the XRP market and mirrors conditions in the bitcoin market that foreshadowed BTC's historic run higher from $70,000 to $100,000 late last year. Let's have a look at both.XRP is the payments-focused cryptocurrency used by the Fintech company Ripple to facilitate cross-border transactions....

Crypto exchange Coinbase (COIN) remains one of the most misunderstood companies in the digital assets space, Wall Street broker Bernstein said in a research report Wednesday.Bernstein raised its Coinbase price target to $510 from $310, and reiterated its outperform rating on the stock. The shares Wednesday morning were more than 4% higher at around $360 in early trading.While broader sentiment leans bearish, Coinbase is cementing its role as crypto’s "universal bank," and is bridging retail, institutional, and on-chain infrastructure at a scale unmatched by peers, the report said."Coinbase will be a beneficiary of the GENIUS Act and soon to follow CLARITY Act," analysts led by Gautam Chhugani wrote.Bernstein said the exchange is the only crypto-native firm in the S&P 500...

Baanx, a cryptocurrency payment card firm working with the likes of Mastercard, Visa and Circle, has announced its support for BNB, the blockchain utility token originally linked to Binance, the world’s largest crypto exchange.Users of Baanx’s “Crypto Life Card” can top up with BNB, expanding the real world use of the BNB Chain beyond crypto trading and decentralized finance (DeFi) to where the token can be spent at over 100 million Mastercard and Visa merchants worldwide, according to a press release.Baanx said BNB support is rolling out across the UK, EU, and LATAM markets in June, with U.S. access planned for a future release.“We’re building bridges between digital and traditional finance, not with empty promises, but with real products people...

Shiba inu (SHIB) whales went bargain hunting early this week after prices dropped to a 16-month low of $0.00001005.According to CoinDesk's AI research, whales purchased 10.4 trillion SHIB tokens, worth over $110 million, on Monday, marking the largest daily accumulation in five months.The whale action has likely contributed to the cryptocurrency's 17% price bounce from the 16-month low reached Sunday. Note that the broader crypto market has stabilized following the initial knee-jerk reaction to the tensions in the Middle East. BTC, which fell below $100K over the weekend, last changed hands near $106,000.Market data indicate that SHIB is maintaining a generally constructive posture, with higher lows forming a subtle uptrend channel. The token found significant volume support at the $0.00001158...