Coindesk

Argentina’s lower house of Congress has approved a series of measures aimed at probing the LIBRA cryptocurrency that rocked the country after being promoted by President Javier Milei earlier this year.In a special session called by the “Democracy Forever” bloc, deputies passed three resolutions: the formation of an investigative commission, the summons of top government officials, and a formal request for information from the executive branch.Among those summoned are Chief of Cabinet Guillermo Francos, Economy Minister Luis Caputo, Justice Minister Mariano Cúneo Libarona and the head of the National Securities Commission, Roberto Silva, according to the official release from the Chamber of Deputies in Argentina. The resolutions passed with a comfortable majority but faced strong opposition, revealing a split across...

Majors XRP, Solana (SOL), and Cardano (ADA) are each seeing a roughly 6% price slump in the past 24 hours amid broader macroeconomic pressures.Recent market narratives show uncertainty around U.S. policies, including tariffs and a hawkish Federal Reserve stance with fewer expected rate cuts in 2025, providing the fundamental backdrop for a move further lower in crypto majors.Here’s what technical analysis and price-action indicate for these tokens in the near term.XRP Price AnalysisXRP, the token closely related to payments firm Ripple Labs, is below critical support levels with the next support threshold around the $1.60 mark. High leverage in XRP trading positions, as Coinglass data shows, hints at potential for more downward pressure before any recovery.A potential double bottom pattern...

The worst fears for risk assets, including cryptocurrencies, are coming true, and that has raised the risk of bitcoin (BTC) falling below $74,000 in a move that could shake out leveraged long bets.On Sunday, CoinDesk discussed the possibility of pronounced downside volatility in risk assets due to a potential unwinding of the Treasury market arbitrage bets, a dynamic that catalyzed the 2020 crash.Per observers, the unwinding of the so-called carry trades, involving hedge funds exploiting minor price discrepancies between Treasury futures and securities, has begun. That's evident from the nearly 70 basis points rise in the U.S. 10-year Treasury yield to 4.5%. The 30-year yield has seen a similar rise. Note that yields move in the opposite direction of prices...

Bitcoin investors may not exactly feel it, but BTC has been a relatively good bet since President Trump's tariff plans last week resulted in historic losses in traditional markets. While stocks and other mainstream investments have been falling off a cliff since the “Liberation Day” announcement April 2, bitcoin has remained relatively steady losing “only” 8% of its value.“I think this is the most bullish 8% drawdown I’ve ever seen in bitcoin,” said Zach Pandl, head of research at Grayscale, a leading crypto investment manager.Based on historical data, you would expect bitcoin to have three times the volatility of the Nasdaq, Pandl said. And yet while the Nasdaq was down 15% at the beginning of trading April 8 (compared to...

The crypto market's relief rally fizzled out on Tuesday as stocks gave up big early gains and turned lower alongside the Trump administration's plan to imminently enforce punitive tariffs against China .After staging a brief rally to the $80,000 mark, bitcoin (BTC) had slumped back to $76,500 before stabilizing below $78,000. Recently, the top cryptocurrency was down 1.2% in the last 24 hours, while ether (ETH) lost nearly 4% over the same period and fell below $1,500. The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, except for stablecoins, memecoins and exchange coins — was down 2.2%.Crypto equities have also taken a hit, with bitcoin miner Bitdeer (BTDR) leading the way with a 8.7% loss....