Despite limited data, the Fed cut interest rates by 25 basis points in December, as expected. However, a pause in rate cuts is expected in January. With the Fed’s expectation of keeping interest rates stable at 3.5%-3.75% priced in at 80%, there is speculation about whether it will make a surprise move. While statements from
Bitcoin’s price stands at a lofty $89,995 to $90,094 over the past hour, capping a range-bound 24-hour session with a market cap of around $1.79 trillion. Trading volume clocked in at a robust $32.98 billion, as prices oscillated between $87,655 and $90,353. The digital heavyweight may not have burst through new all-time highs, but it’s
The CME has lost its place as the number one exchange for bitcoin BTC$89,648.29 futures open interest (OI). Binance has now overtaken CME as the largest venue by OI according to CoinGlass data, with Binance holding roughly 125,000 BTC ($11.2 billion in notional value) against the CME’s of 123,000 BTC ($11 billion). CME OI started
Over the last few months, oil prices have collapsed below $60 a barrel alongside Bitcoin’s slide from $126,000 in October to around $89,000 today. So, does energy’s slide reflect weaker demand or an inflation break that could impact risk assets like Bitcoin going forward? Brent closed at $58.92 and WTI at $55.27, the lowest settlements
Tax season is approaching, and with only a sliver of 2025 left, investors must now revisit tax and accounting strategies that support their overall financial health. In December, a slight adjustment can mean significant benefits. With crypto investing continuing to gain traction among retail investors over the past few years, crypto tax reporting and accompanying
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 2781.63, up 1.3% (+35.91) since last 4 p.m. ET on Friday. Twelve of 20 assets are trading higher. Leaders: UNI (+19.0%) and CRO (+2.5%). Laggards: AAVE (-16.2%) and BCH
Wall Street broker Benchmark said bitcoin miner Hut 8 (HUT) is using last week’s River Bend announcement to cement a shift from a crypto-first power owner into an institutional-grade digital infrastructure platform. Analyst Mark Palmer said the structure, counterparties and cash-flow quality separate HUT’s deal from the wave of recent AI data center agreements. He
Key Takeaways BlackRock transferred around $182 million in Bitcoin and $91 million in Ethereum to Coinbase Prime. The assets were deposited into Coinbase Prime’s institutional custody and trading platform. BlackRock sent 2,019 Bitcoin worth approximately $182 million and 29,928 Ethereum worth around $91 million to Coinbase Prime on Monday, according to blockchain data tracked by
Strategy (MSTR), the largest publicly traded holder of bitcoin, lifted its cash reserve by $747.8 million last week. The company’s “USD Reserve” — intended as a fund through which Strategy can pay the dividends on its preferred stock — now stands at roughly $2.2 billion. This latest capital raise came entirely via the sales of
Bitcoin BTC$90,016.95 has experienced its toughest fourth quarter since 2022, but a time-honored Wall Street pattern could soon bring relief to battered BTC bulls. That pattern is S&P 500’s tendency to chalk out a Santa rally – an upswing during the final five trading days of December and the first two of January. A repeat