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 2375.69, up 3.5% (+79.38) since 4 p.m. ET on Thursday.All 20 assets are trading higher.Leaders: SOL (+6.4%) and BCH (+5.3%).Laggards: HBAR (+1.5%) and DOT (+2.4%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Bitcoin and broader crypto markets are gaining on Friday after sharply declining alongisde traditional markets Thursday.Solana’s SOL and dogecoin (DOGE) rose over 4% in the past 24 hours, leading gains among majors, with XRP (XRP), BNB Chain’s BNB, and Tron’s TRX up between 2%-3%. Ether (ETH) was down 2.4%, continuing a dismal run that has seen it lose 12% in the past week despite most majors down 2% on average in the same period.The Wednesday announcement of a 90-day pause on new tariffs — excluding those on China — sparked a brief relief rally across risk assets (which reversed on Thursday), with traders pointing out bitcoin price action showed signs of bottoming in what could set the stage for a...

By Francisco Rodrigues (All times ET unless indicated otherwise)As the trade war between the U.S. and China escalates, with the latter raising tariffs on the former from 84% to 125% this morning, bitcoin (BTC) and the wider cryptocurrency market appear relatively unfazed.Bitcoin is down a mere 0.15% over the last 24 hours, and China’s recent escalation hasn’t stopped its ongoing recovery. The cryptocurrency is now trading above $82,000. The wider crypto market, measured by the CoinDesk 20 (CD20) index, is stable with similar performance.The same can’t be said about other assets. Gold rose to a new $3,227.5 record making Tether’s XAUT — a gold-backed cryptocurrency — the top-performing digital asset. Meanwhile, the U.S. Dollar Index (DXY) dropped below 100 after...

The Dollar index (DXY), which measures the strength of the U.S. dollar against a basket of other currencies, has dropped below the 100 mark for the first time since April 2022. In January, research from CoinDesk noted that the DXY index was mirroring the pattern seen during President Trump’s first term — and it now appears to have done just that. The index has fallen over 10% from its recent high of 110 and is now at its lowest level in three years.Investor sentiment continues to shift away from U.S. assets, putting further downward pressure on the dollar, as trade tensions between the U.S. and China intensify. Just before press time, China announced an increase in tariffs on U.S. goods,...

Activity in PowerTrade's options market for alternative cryptocurrencies (altcoins) picked pace this week as heightened market volatility prompted traders to seek derivatives for hedging and speculative opportunities.Trading volume in XRP options has soared to over $5 million this week, with most activity concentrated in short-dated expirations, data shared by PowerTrade shows. Flows have been balanced between put options at strikes ranging from $1.80 to $1.98 and calls at strikes $1.80 to $1.93."This activity suggests traders are positioning for significant short-term price movement—either from regulatory developments or a breakout pattern—with a nearly even balance between bullish and bearish structures," Bernd Sischka, head of institutional sales at PowerTrade, told CoinDesk.The two-way flow is consistent with the volatile market action, characterized by XRP...