Crypto News
CoinDesk 20 Performance Update: LTC Surges 15.5% as Index Trades Higher From Friday
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 3223.5, up 2.8% (+89.04) since 4 p.m ET on Friday.Nineteen of 20 assets are trading higher.Leaders: LTC (+15.5%) and APT (+9.0%).Laggards: XLM (-3.0%) and ADA (+0.5%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link
New Trump Tariffs Spell Caution for Bitcoin, Ether, Dogecoin Bets
A fresh round of tariffs by U.S. president Donald Trump and lack of short term catalysts is inciting caution from market watchers, who believe Ethereum’s ether (ETH) may be particularly affected.Trump on Sunday said he will introduce 25% tariffs on all steel and aluminium imports into the US, on top of existing duties, with reciprocal tariffs later in the week applicable to all countries.The rhetoric and spike in inflation expectations could breed downside volatility with a key indicator that foresaged a move above $100,000 for bitcoin, when it traded under $70,000, turning bearish on Sunday.Crypto majors remained little-changed in European afternoon hours Monday, with U.S. futures Dow and S&P 500 up 0.46% ahead of the New York open. Bitcoin, ether,...
XRP Price Analysis: Will Bulls Reclaim $2.50 or Is a Drop to $2.20 Inevitable?
XRP trades at $2.42, boasting a $139 billion market valuation and $4.87 billion in global daily transactions, oscillating between $2.32 and $2.45. This narrow band reflects equilibrium amid evolving market forces, with prices stabilizing after recent volatility. XRP XRP’s hourly chart reveals horizontal equilibrium, bracketed by resistance at $2.45–$2.50 and support at $2.30–$2.35. Subdued transactionalSource link
Strategy Resumes Bitcoin Purchases, Takes Holdings to 478,740 BTC
Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR).Strategy (MSTR) increased its bitcoin (BTC) holdings to 478,740 BTC after last week's pause with the purchase of $742.4 million worth of the largest cryptocurrencyThe Tysons Corner, Virginia company formerly known as MicroStrategy bought 7,633 BTC in the week ended Feb. 9, Executive Chairman Michael Saylor posted on X. The average purchase price was $97,255 per bitcoin, which raised the overall average purchase price to $65,033The company didn't buy any bitcoin in the week ended Feb. 2, most likely because it was observing a blackout period during its earnings week. On Feb. 6, the company reported a fourth-quarter net loss of $3.03 per share, compared with income of $0.50...
Bitcoin Difficulty Hits New Highs as Key Metric Signals Miner Capitulation and Possible Bottom
Bitcoin (BTC) difficulty hit an all-time high of 114.7 trillion (T) following a 5.6% upward adjustment over the weekend, according to CoinWarz. This coincides with the Hash Ribbon metric signaling a miner capitulation. Hash Ribbon, is a market indicator, which hints at a local bottom for bitcoin (BTC) and often forms when miners capitulate — when mining costs exceed profitability.According to Glassnode data, miner capitulation began in early February. Bitcoin is down over 4% month-to-date. Historically, when this metric signals capitulation, it has marked local price bottoms. If this pattern holds, bitcoin’s bottom could be around $91,000. The last capitulation signal occurred in October 2024, just before BTC surged 50%.This rise in difficulty is due to bitcoin’s rising hash rate,...