Crypto News
CoinDesk 20 Performance Update: Chainlink (LINK) Gains 5.9% as Nearly All Assets Rise
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 3984.95, up 1.1% (+41.61) since 4 p.m. ET on Tuesday.Nineteen of 20 assets are trading higher.Leaders: LINK (+5.9%) and AAVE (+4.2%).Laggards: BCH (-0.8%) and XRP (+0.1%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link
Dogecoin Whales Accumulate as Short-Term Holders Capitulate: What’s Going On?
The wealth transfer to long-term investors is “shaking out short-term price chasers,” experts told Decrypt.Source link
Morning Minute: Ghost Month Returns – Will Bitcoin Buck the Trend?
Price action has been spooky already heading into the infamous 'Ghost Month' kicking off this Saturday - will it get worse?Source link
Bitcoin’s Unimpressive Bounce Fails to Diminish Downside Risk; Support Around $112K
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.Bitcoin (BTC) bulls are attempting to establish an interim low around $113,000, but the effort appears weak in terms of both price and volume. So far, the bounce has been barely notable, with upside capped above $114,000. Additionally, volumes have stayed low relative to what we observed during the early Tuesday drop, as seen on the hourly chart.The weak bounce is consistent with bearish momentum signals, as the 50-, 100-, and 200-hour simple moving averages (SMAs) are aligned in descending order and trending downward.On the daily chart, prices have convincingly broken below the rising trendline support, signaling a shift from bullish to bearish momentum. Both the longer-term...
Bitcoin ETFs Shed $645M This Week as Wall Street Retreats Ahead of Powell Speech
Analysts argued investors are scaling back risk ahead of Powell's Jackson Hole speech amid uncertainty over Fed policy.Source link