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 3246.57, down 4.2% (-143.25) since 4 p.m. ET on Friday.One of 20 assets is trading higher.Leaders: XRP (+1.4%) and ADA (-2.6%).Laggards: RENDER (-10.7%) and NEAR (-10.4%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy and Semler Scientific (MSTR).Michael Saylor's MicroStrategy (MSTR) has increased its bitcoin (BTC) holdings for the tenth consecutive week.In the week ending Jan. 12, MicroStrategy purchased 2,530 BTC for $243 million, bringing its total holdings to 450,000 BTC. The average price of the latest bitcoin buy was $95,972. The overall average purchase price of the company's holdings is now $62,691.Executive Chairman Michael Saylor once again teased the announcement on X on Sunday.Shares are lower by nearly 5% in premarket action alongside a similarly sized dip in the price of bitcoin, which is now hanging on just above $90,000.In addition, Semler Scientific (SMLR) has acquired an additional 237 BTC for...

By Omkar Godbole (All times ET unless indicated otherwise)Risk assets are trading down as the dollar index and Treasury yields benefit from Friday's blowout nonfarm payrolls report and the Palisades Fires posing a risk to the insurance sector and some P&C companies.BTC is down 2%, changing hands in the key support zone of $90,000 and $93,000, with alternative cryptocurrencies posting bigger losses as usual. ETH has dropped to the lowest since Dec. 21 and the risk-off has clouded XRP's bullish technical outlook (see TA section). Whales likely accumulated XRP over South Korea-based Upbit over the weekend. AI coins is the worst performing sub-sector of the past 24 hours. In traditional markets, futures tied to the S&P 500 point to negative...

New records continue to be set in the bitcoin (BTC) ecosystem, which has seen the mining difficulty adjustment rise to a new all-time high of 110.45T (trillion). 110.45 trillion means that the difficulty is approximately 110.45 trillion times harder than it was at the time of Bitcoin's genesis block.The difficulty adjustment adjusts every 2,016 blocks and recalibrates to ensure blocks are mined on average every 10 minutes.This is now the eighth consecutive positive adjustment in difficulty, which puts further pressure on miners as the industry becomes more cutthroat and harder to mine a block to receive bitcoin rewards. This is one of the reasons why some of the publicly traded miners have pivoted into the high-performance computing (HPC) and artificial...

Bitcoin (BTC) started the new week on a negative note as major investment banks reassessed their expectations for Federal Reserve (Fed) rate cuts following Friday's strong jobs report.The leading cryptocurrency by market value dipped below $93,000 during the European hours, representing a 1.6% drop on the day, according to data source CoinDesk. Prices looked set to test the support zone near $92,000, which has consistently acted as a floor since late November. The CoinDesk 20 Index, a broader market gauge, was down over 3%, with major coins like XRP, ADA, and DOGE posting bigger losses.In traditional markets, futures tied to the S&P 500 traded 0.3% lower, pointing to an extension of Friday's 1.5% drop that pushed the index to the...