Mastercard’s crypto partner push is really a plan to keep stablecoins inside its network Mastercard is trying to make sure the stablecoin era still needs its card services. On Wednesday, the company launched a program with more than 85 crypto-native firms, payments providers, banks, compliance vendors, custody companies, exchanges, and infrastructure groups. On its face,
Bitcoin strutted into the market like it owned the place, bouncing from a dip below $70,000 and marching back toward $74,000 as traders watched the charts the way reality TV fans watch a season finale — equal parts suspense, skepticism, and popcorn. Bitcoin Chart Outlook As of the latest market snapshot, bitcoin traded at $72,665,
In a notable development in the cryptocurrency market, a significant amount of Bitcoin has flowed out of exchanges in the past week. According to data shared by blockchain data and analytics company Sentora, a net outflow of Bitcoin worth a total of $1.68 billion occurred from cryptocurrency exchanges this week. Click here to access the
Yield-bearing stablecoins are growing faster than the broader stablecoin market, according to Messari, as Washington remains divided over how crypto-linked yield should be treated under US law. Yield-bearing stablecoins have outpaced the growth of the broader stablecoin market 15-fold over the past six months, according to a Messari research report published on Thursday. The increase
Circle’s (CRCL) $USDC has overtaken Tether’s $USDT in transaction volumes for the first time since 2019, prompting Japanese investment bank Mizuho to raise its price target for the stablecoin issuer to $120 from $100, while reiterating its neutral rating on the stock. The shares rose 1% in early trading to $115.40 and are up roughly
Bitcoin $BTC$71,859.13 is adding to overnight gains in early U.S. trading on Friday, continuing to show strong relative price action after many months of underperformance to assets like stocks and precious metals. Trading at $73,800, bitcoin is higher by nearly 5% over the past 24 hours, with most of those gains coming after U.S. Treasury
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2077.68, up 3.7% (+74.61) since 4 p.m. ET on Thursday. All 20 assets are trading higher. Leaders: SUI (+6.7%) and ADA (+5.8%). Laggards: ICP (+0.2%) and NEAR (+0.7%). The
The leading cryptocurrency, Bitcoin ($BTC), continues to hold strong despite the intensification of geopolitical crises in the Middle East. In this context, as Bitcoin surpassed $72,000, data reveals that major global investment funds are rapidly shifting from gold, a traditional safe-haven asset, to Bitcoin. At this point, global cryptocurrency derivatives exchange BitMEX has predicted a
The leading cryptocurrency, Bitcoin ($BTC), is struggling around $71,000 amid the uncertainty and tension created by the US-Iran conflict. The war between the two countries has driven up oil prices, indirectly increasing inflation concerns. Analysts worry that inflation, which the US Federal Reserve (FED) has long been trying to bring down to its 2 percent