This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin BTC$113,859.77 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
Crypto whales and institutional investors are on a selling spree, which is causing cryptocurrency prices to go down. A crypto user on X highlighted some parties involved in the ongoing crypto selloff, including those taking short positions and long trades that are being liquidated. That explains the market-wide pullback that cryptocurrencies have experienced in the
Tim Kotzman sat down in a New York studio in September 2023 to record a podcast, something he saw as little more than an experiment. The first few episodes drew almost no attention. Kotzman had no background in journalism, and his only prior podcast experience was appearing on a friend’s show to discuss his private
Japan’s benchmark 10-year government bond (JGB) yield rose to a 17-year high, reflecting concerns that could spill over to bond markets across other developed economies and reduce demand for riskier assets such as cryptocurrencies and equities. The yield rose above 1.61%, the highest since 2008. The move follows a dismal auction of the 20-year JGB
Story Highlights Trump blames Powell for delaying Fed cuts, warning of a worsening housing crisis Markets see an 83% chance of rates dropping to 400–425 bps Bitcoin slips below $114K and retail sentiment turns sharply bearish President Trump is yet again targeting Federal Reserve Chair Jerome Powell, accusing him of stalling on rate cuts and
Tony Edward, the host of the Thinking Crypto podcast, pushes back on negative rumors surrounding the world’s largest stablecoin issuer, Tether. Yesterday, Edward slammed critics spreading FUD (fear, uncertainty, and doubt) about Tether, calling them paid actors, engagement farmers, and uninformed commentators. He defended Tether’s credibility by citing evidence of its ongoing expansion in the
CreataChain, a next-gen blockchain platform, has collaborated with DeChat, a secure and open Web3 communication platform. The partnership focuses on advancing the Web3 communication with enhanced interoperability and security. The platform revealed in its official social media announcement that the move endeavors to integrate the Lunar Link technology of CreataChain into DeChat’s secure and open
The decline in Bitcoin (BTC) and altcoins, which began last week with US macro data and decreasing expectations for a Fed interest rate cut, continues as markets prepare for a possible hawkish stance from the Fed. As Bitcoin approaches a 6-week low, investors await the minutes of the Fed’s July meeting and Fed Chair Jerome