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 1750.15, down 0.9% (-15.97) since 4 p.m. ET on Wednesday. Three of 20 assets are trading higher. Leaders: XLM (+10%) and HBAR (+0.2%). Laggards: ICP (-4.1%) and SUI (-4%).
The leading cryptocurrency, Bitcoin, experienced a sharp drop in recent weeks, falling below $60,000. After recovering, $BTC continues its sideways movement in the $62,000-$65,000 range, with some analysts believing it will rise from here and others anticipating a drop to the $50,000 level. At this point, market analyst Omkar Godbole addressed the current state of
HIVE Digital Technologies (HIVE) shares jumped 10% in pre-market trading on Thursday after the company announced a $220 million, three-year GPU cloud contract with Bell Canada and AI firm Cohere, as the company continues its transition away from pure-play bitcoin mining. The deal will see HIVE’s BUZZ High Performance Computing unit deploy 2,304 Nvidia Grace
The Magnificent 7’s AI-driven growth story is facing a reality check. The best-performing stocks of the past decade are coming under pressure as investors question the enormous cost of the AI arms race and rotate into new fields with stronger momentum. Microsoft (MSFT) is down 33% from its recent highs, while Meta (META) has dropped
Bitcoin $BTC$63,888.86 and the Dollar Index (DXY) are moving in opposite directions, with the latter on the verge of a major move that may embolden crypto bears. The largest cryptocurrency is under pressure for a third straight day, trading near $63,900 and down nearly 1% since midnight UTC. The broader market is mostly showing similar
Capital B shareholders have approved a financing framework that authorizes up to €5 billion (~$5.36 billion) in capital increases and €100 billion (~$107.15 billion) in credit instruments to support the company’s Bitcoin treasury strategy. Capital B said in a June 17 press release that shareholders approved all resolutions presented at the company’s Annual Ordinary and
Real-world asset (RWA) tokenization protocol Multipli has secured an investment from Coinbase Ventures’ Base Ecosystem Fund, the company announced on June 18. The specific financial terms of the deal were not disclosed. Strategic Backing for RWA Infrastructure The investment signals continued institutional interest in bridging traditional financial assets with decentralized finance (DeFi) infrastructure. Multipli focuses
Bitcoin is back at a key support area after losing its recent breakout level, leaving traders split on the next move. The Moon Show says $BTC needs a strong reaction from support, while SuperBro says a CME gap fill and possible moving average cross could still push Bitcoin toward $70,000. Bitcoin Slips Below Breakout Level
Bitcoin has fallen back toward the $64,000 level after the Federal Reserve adopted a hawkish policy stance, erasing a relief rally that had been fueled by easing Middle East tensions and renewed hopes for lower energy prices. According to crypto.news market data, Bitcoin ($BTC) climbed to an intraday high of $66,315 on June 17 before
Artificial intelligence has become one of the biggest forces driving stocks higher. The S&P 500 continues to hit record highs, fueled by investor excitement around AI and massive spending by the world’s largest technology companies. But a growing number of investors are asking a difficult question: What happens if the AI boom fails to deliver?