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 4022.91, up 0.3% (+12.57) since 4 p.m. ET on Friday.Four of 20 assets are trading higher.Leaders: SOL (+16.0%) and LINK (+4.3%).Laggards: DOT (-13.3%) and RENDER (-12.9%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

The crypto craze is sweeping the general public as observers said President-elect Donald Trump's decision to debut a memecoin has flipped the Overton window, bringing digital assets to the mainstream.Google Trends, a widely used tool to gauge general or retail interest in trending topics, is currently returning a value of 100 for the worldwide search query "how to buy crypto." The final figure for the week will be confirmed Saturday.A score of 100 represents peak popularity – the maximum number of searches observed for the query during a given time frame, in this case, five years. It's a sign that more and more people are scanning the web for information on how to take exposure to cryptocurrencies.Google Trends provides access...

Bitcoin (BTC), the largest cryptocurrency by market capitalization, hit a record-high above $109,000 on Monday, sending both implied volatility and realized volatility to the highest levels since August's yen carry trade unwind.Realized volatility is the historical price fluctuations of bitcoin over the past 30 days. It hit 67 on the Bitcoin Volatility Index (BVOL) on Deribit. The Bitcoin Volmex Implied Volatility index (BVIV) hit a high of 71. Implied volatility is the market's expectation for future price fluctuations derived from options pricing. Both indexes are up around 2% on the day."The positive correlation between bitcoin's price and implied volatility remains intact. It’s a sign traders are chasing options, particularly calls, as risk reversals show calls are trading at a premium...

The introduction of President-elect Donald Trump's TRUMP memecoin is a paradigm shift in the way the U.S. and the rest of the world approaches crypto, broker Bernstein said in a research report Monday."It signifies a new regulatory era, where governments see crypto as a technology to reach out to the masses directly," analysts led by Gautam Chhugani said.Trump's official memecoin debuted on Saturday on the Solana blockchain. It rose to a fully diluted market cap of about $73 billion, making it one of the most successful token launches ever. It tanked almost 40% on Sunday when his wife Melania launched her own memecoin, MELANIA.A token launch by the president-elect is a big signal to crypto builders in the U.S., especially...

Ether (ETH) slumped Sunday to its lowest level against bitcoin (BTC) since March 2021 as the world’s second-largest token extended losses against its larger rival.One ether dropped to 0.03 BTC on Sunday, almost 50% lower than a year ago, as bitcoin soared in the run-up to U.S. President-elect Donald Trump's inauguration. The exchange rate for the two tokens, conventionally called a ratio, peaked above 0.08 in 2022.ETH's value proposition has been on the decline ever since. Bitcoin touched a record high above $109,000 earlier Monday and has returned 160% to investors over the past year. Ether, meantime, has gained just 40% and is hovering some 30% below its 2021 peak. Ether tends to rally when traders see a benefit for...