Coindesk

Bitcoin's (BTC) ongoing price pullback could accelerate below $80K, as on-chain analysis by Glassnode indicates that the $10K price range beneath this level was marked by weak economic activity late last year.BTC prices quickly rose from $70K to above $80K in early November after pro crypto Donald Trump won the U.S. Presidential election. As a result, very little BTC changed hands between those levels, leaving a so-called "supply gap," as evident from Glassnode's UTXO Realized Price Distribution (URPD) chart. This metric tracks the price points at which existing bitcoin UTXOs were last moved. Each bar represents the volume of bitcoin that last changed hands within a specific price range. The data is entity-adjusted, meaning it assigns an average purchase price...

South Korea's central bank, the Bank of Korea (BOK), has taken a cautious stance on including bitcoin in its foreign exchange reserves, per a Korea Economic Daily report.In response to a question posed by a member of the National Assembly's Strategy and Finance Committee, the BOK made it clear on Sunday that it has not entertained the notion of embracing BTC.The primary deterrent for the BOK is bitcoin's notorious price instability, where the central bank fears that the wild swings in the crypto market could substantially inflate transaction costs when converting bitcoin to cash, posing a significant risk to its reserves.The BOK further pointed out that bitcoin fails to meet the International Monetary Fund's (IMF) foreign exchange reserve management standards....

Bitcoin (BTC) started Monday in the red with a 2% drop over the past 24 hours, according to CoinDesk Indices data, leading to heaviness in the broader market as major tokens fell as much as 5%.BTC touched resistance at $84,000 on Sunday, making it a key level to cross for chances of a run to the upside and trading at just over $83,300 in Asian afternoon hours Monday. Majors such as XRP, Solana’s (SOL), Cardano’s (ADA) and dogecoin (DOGE) tanked as much as 5%, while BNB Chain’s (BNB) stood out as the only major in green with a 3% rise.The crypto market has plateaued since last week's sell-off due to the U.S. tariffs and deteriorating macroeconomic conditions. Concerns over a...

On Sunday, U.S. Treasury Secretary Scott Bessent described asset market corrections as healthy, suggesting a greater tolerance for pain before the much-anticipated policy support or the so-called 'Trump put" for the market, is enacted."I’ve been in the investment business for 35 years, and I can tell you that corrections are healthy, they are normal,” Bessent said Sunday on NBC’s Meet The Press, according to Bloomberg. “I‘m not worried about the markets. Over the long term, if we put good tax policy in place, deregulation and energy security, the markets will do great.”Bessent's comment contradicts popular belief that the Trump administration will quickly douse any fire stemming from the administration's policy moves, particularly trade tariffs. President Donald Trump also recently clarified his...

Crypto exchange Kraken plans to launch a new colocation service in the coming weeks that will offer clients ultra-low latency trading, the company said in a press release Monday.The service is for customers who need high speed execution, Kraken said, and traders operating out of London can expect latency of under a millisecond. “Many exchanges offer colocation services, but Kraken’s approach is unique – we’re making it accessible to all partners and clients, not just institutions," said Shannon Kurtas, head of exchange at Kraken, in the release.Trading is all about speed, especially in volatile markets such as crypto, where a fraction of a second can make all the difference. Low latency services make use of sophisticated technology to give traders...