Coindesk

By Omkar Godbole (All times ET unless indicated otherwise)The big story in financial markets is not just global bond-market jitters, it's also bitcoin's (BTC) stability above $100,000.BTC has held above that level for 11 straight days after jumping sharply from around $75,000 in early April. Some might interpret that as a sign of uptrend exhaustion, but it could also be the market normalizing the six-figure mark.Think of it like this: When BTC first hit $100,000, many people likely thought, "This is crazy. It's too expensive" and perhaps refrained from buying or even took profits on their holdings. But the longer it stays there, the more the price feels normal and becomes anchored in people's minds. In other words, don't be...

The cryptocurrency market continues to respond to broader economic factors as Solana demonstrates resilience amid global trade uncertainties. SOL's price action formed a clear uptrend with higher lows and higher highs, breaking through key resistance levels with institutional-grade volume suggesting accumulation despite a brief 1.35% correction in recent hours. Meanwhile, analysts point to the $166.82 level as a crucial short-term pivot, with potential for significant upward movement if SOL can maintain momentum above $177 resistance.Technical Analysis HighlightsSOL climbed from a low of $159.69 to a high of $173.03, representing a significant range of $13.34 (8.35%).Price action formed a clear uptrend with higher lows and higher highs, breaking through key resistance at $166.87.Above-average volume was observed around the $167-$170 zone, indicating...

AAVE's explosive rally broke through multiple resistance levels with increasing trading volume, particularly during the late-night hours when it surpassed the $250 psychological barrier.The cryptocurrency has established support around $240 while consolidating above $263, suggesting potential for further upward movement as institutional interest grows amid broader market developments. This performance comes as Bitcoin approaches new all-time highs and public companies continue increasing their cryptocurrency holdings, with firms like Strategy Corp planning to raise $84 billion for Bitcoin purchases.Technical Analysis HighlightsClear uptrend formation with higher lows and higher highs, breaking through multiple resistance levels with increasing volume, according to CoinDesk Research's technical analysis data model.Explosive price action between 23:00-02:00, with volume peaking at 232,392 units as AAVE broke through the $250...

The U.S.-listed spot bitcoin BTC exchange-traded funds (ETFs) recorded $667.4 million in net inflows on May 19, the largest single-day total since May 2, signaling renewed institutional interest. Nearly half of these inflows, $306 million, went into iShares Bitcoin Trust (IBIT), now at $45.9 billion in net inflows, according to data source Farside Investors.The renewed demand follows bitcoin’s strong price performance, having traded above $100,000 for 11 consecutive days, which has helped restore market confidence. Additionally, the annualized basis trade, a strategy where investors go long on the spot ETF and simultaneously short bitcoin futures contracts on the CME, has become increasingly attractive, with yields approaching 9% almost double what was seen in April. According to Velo data, this...

Crypto markets extended their climb with ether (ETH) jumping 8% and bitcoin (BTC) inching back toward the $106,000 mark in the past 24 hours, despite broader risk-off sentiment in equities and gold.The resilience is in contrast to Friday’s surprise credit downgrade of the U.S. by Moody’s, which cited persistent fiscal deficits and political gridlock. Yet while equities sagged and gold extended its recent decline, falling nearly 7% from May highs, bitcoin held ground and even rallied briefly to $107,000 late Sunday before retracing.“Bitcoin’s ability to rally over the weekend despite a risk-off tone in equities following the Moody’s downgrade reinforces its positioning as a legitimate store of value,” QCP Capital said in a Telegram broadcast late Monday.The firm pointed to...