Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. As bitcoin BTC$119,389.32 trades near $119,500, having just recently broken through
One year ago, Germany sold off 50,000 bitcoins, completely liquidating its stockpile. In the intervening time, the price of BTC doubled, and a similar today would’ve netted more than $6.64 billion. This example could provide a useful cautionary tale for leaders around the globe. Even if a government is determined to liquidate its holdings, a
Retail investors buying long-term drove Bitcoin (BTC) out of its four-month channel between $100,000 and $110,000 to a new all-time high of $123,120, a 65% rebound from April’s tariff-panic low. According to the latest Bitfinex Alpha report, the move to heavy bidding from wallets holding fewer than 100 BTC, while long-term holder selling slowed. Grassroots
Daily trading in Bitcoin Ordinals reached its most active level since December 6, 2024, with CryptoSlam data showing $11.5 million in sales on July 14. The data also highlighted more than 8,000 unique buyers versus approximately 3,000 unique sellers, representing the widest buyer/seller gap in five months. The surge places the sales volume curve above
In just about a week after the Satoshi-era Bitcoin whale created a buzz across the crypto market with its massive $8.6 billion BTC transfer, the whale is back—this time moving thousands of BTC tokens, according to recent data shared by the tracking firm Lookonchain. The same wallet address that previously moved a total of 80,000
⁷The bull market may be taking longer than expected to kick into its final gear, but the Bitcoin price structure remains bullish and steadily climbing within a rising trend channel. However, the potential upper targets have also moved higher, and might open the door to unprecedented price levels in the weeks ahead. Why The Bull
Bitcoin drove $468M of $1.1B in liquidations, affecting over 126K traders in 24 hours. Short positions dominated, with HTX seeing 96.74% of liquidations on the short side. Binance recorded the largest single liquidation, a $98.1M BTC/USDT position closed. Over $1.1 billion in leveraged crypto positions were liquidated within 24 hours, as price movements led to
Bitcoin kicked off the week with momentum, climbing to a new all-time high of $123,000, a reflection of renewed interest in the crypto market as a whole. Several US economic signals this week, like the PPI report, will influence the price action going forward. Bitcoin recently reached a new all-time high, soaring to $123,000, and