Cryptocurrency analytics firm Santiment has published a comprehensive analysis assessing market psychology, investor behavior, and on-chain data following Bitcoin’s sharp price movements in recent weeks. The company stated that concepts such as “bull,” “bear,” “bottom,” and “top,” which are frequently used on social media, are now shaped by users’ own narratives and have therefore largely
S&P Global Ratings has downgraded Tether’s flagship stablecoin USDT to the weakest possible score on its stablecoin stability scale, citing increased exposure to risky assets like bitcoin BTC$88,308.01 and ongoing gaps in reserve disclosure. According to the revised assessment published on Wednesday, the ratings agency lowered USDT’s score in its ability to maintain price peg
Bitcoin (BTC) is showing a recovery trend after the sharp declines it experienced and continues to move between $86,000 and $87,000. While we are wondering whether the recovery will continue, an updated analysis has arrived from K33 Research. Accordingly, K33 Research analysts said that BTC is psychologically oversold, presenting a long-term buying opportunity. K33 Research
Ark Invest continues to add shares of crypto related equities and major tech stocks across its actively managed ETFs, highlighted by its Tuesday addition of more than 174,000 shares of Google parent company Alphabet (GOOG) valued at more than $56 million. Cathie Wood’s investment management firm also added another $3.75 million worth of shares in
Bitcoin treasury firm DDC (DDC) announced it has acquired another 100 bitcoin to its treasury, bringing total holdings to 1,183 BTC. As somewhat opposed to sector giant Strategy — which makes price agnostic buys — DDC said the purchase was made during the recent market pullback, which it viewed as constructive for long term positioning.
Battered bitcoin BTC$86,959.72 bulls can take heart that the sector obituaries are rushing in from the usual suspects after the recent 35% price plunge. The Financial Times (FT) on Wednesday, in fact, chose to put three of them “above the fold” on its website. The U.K.-based publication for a decade-plus has had a decided lack
Crypto trading firm Portofino Technologies has suffered another wave of senior staff departures months after losing its chief financial officer and general counsel, according to a person familiar with the matter. Chief revenue officer Melchior de Villeneuve recently left the Swiss firm, said the person, who spoke on condition of anonymity because the matter is
Bitcoin may have finally hit the kind of exhaustion zone that has marked every short-term bottom of the past two years. Data from CryptoQuant shows the Short-Term Holder SOPR — a measure of whether recent buyers are selling at a profit or loss — fell to 0.94 earlier this week while prices hovered between $80,000
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 2848.96, down 0.7% (-20.89) since 4 p.m. ET on Tuesday. One of 20 assets is trading higher. Leaders: BCH (+2.8%) and XLM (+0.0%). Laggards: ICP (-3.4%) and LTC (-1.7%).
Swiss crypto bank AMINA Bank and Deutsche Börse’s Crypto Finance Group said Wednesday they have completed a pilot on Google Cloud’s Universal Ledger platform to settle fiat currency payments in real time between Swiss banks. The pilot, which ran with other unnamed banking partners, allowed around-the-clock settlement of payments across institutions while preserving compliance with