Bitcoin‘s (BTC) price has shed over $15,000 since hitting an all-time high (ATH) of $126,198 in the first week of October. The sharp price drop triggered by the broader crypto liquidation caused a massive sell-off. However, recent on-chain data hints at a bullish rally in the coming days. Bitcoin seeing declining sell pressure As highlighted
Federal Reserve Governor Christopher Waller floated the idea of the central bank creating a “skinny master account” for crypto firms which would grant them access to the Fed’s payment rails while keeping them away from a full Fed master account. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and
Kyrgyzstan is moving ahead with its national cryptocurrency strategy, launching a stablecoin and preparing for a public sector rollout of a central bank digital currency (CBDC),according to Binance co-founder and former CEO Changpeng Zhao (CZ). The new stablecoin, believed to be KGST, is pegged 1:1 to the national currency, Kyrgyzstan’s Som, and is registered in
On-chain analytics platform Glassnode reported that increased selling from long-dormant Bitcoin wallets in recent weeks has created a significant resistance limiting price gains. According to the company’s social media post, approximately 62,000 BTC have been moved from long-dormant wallets since mid-October. Glassnode noted that this has increased the supply in the market, making it harder
Capybara Stocks started posting his stock picks on Reddit as an exercise to understand his own trading methods—and create a way for others to tell him that he’s wrong. Now, a lot more people think he’s got the right idea. Last week, the trader posted about his $3 million gamble on Beyond Meat, the stock
Tom Lee says U.S. stocks can finish 2025 higher and crypto should rally into year-end after a sharp deleveraging, laying out his case during an interview Friday on CNBC’s “Closing Bell: Overtime.” Pressed by co-host Jon Fortt on whether the risk-on trade is back, Lee, who is the chairman of Bitmine Immersion Technologies (BMNR), as
BlackRock, the world’s largest investment firm, accelerated its cryptocurrency buying spree this week, splashing over $300 million on Bitcoin (BTC). Data from October 20–24 show that the firm’s Bitcoin ETF, IBIT, attracted $324.3 million in net inflows, signaling strong institutional appetite for the leading cryptocurrency despite recent market volatility. According to Coinglass data, BlackRock’s inflows
The Brazilian financial consulting firm, VERT Capital, has now pushed the country’s digital finance to the next level. It advanced payment system with blockchain by turning public pension payments into digital tokens on XRP Ledger’s secure system. VERT Brings $40M Tokenized Assets Ripple announced on Friday that VERT has completed its second on-chain issuance and
According to Laboure, the increase of Bitcoin since November 2023 is due to a number of reasons. The authorization of Bitcoin ETFs sparked one of the greatest outpouring cycles in financial history. ETF inflows went over 20 billion in 2025. The halving of 2024 decreased supply, providing the scarcity-based demand. She further attributed regulatory favoritism