Bitcoin is increasingly behaving like a software stock, with its latest correction unfolding alongside the broader software sell-off. The relationship between bitcoin and software equities has strengthened notably. On a 30-day rolling basis, bitcoin’s correlation with the iShares Expanded Tech Software ETF, (IGV), stands at a high 0.73, according to ByteTree. The IGV is down
Indian crypto investors have shed the speculative itch and are buying the dip in bitcoin BTC$76,073.52 price like seasoned pros, Mumbai-based CoinDCX exchange told CoinDesk. “Indian investors are maturing. They’re no longer driven purely by sentiment or headlines; instead, they’re focused on fundamentals and the long-term potential of the asset class,” CoinDCX’s CEO Sumit Gupta
Network News VITALIK BUTERIN SAYS LAYER-2 ROADMAP ‘NO LONGER MAKES SENSE’: Ethereum co-founder Vitalik Buterin said the role of layer-2 networks needs to be reconsidered as the blockchain’s main network continues to scale and transaction costs remain low. In a post on X, Buterin said the original rollup-centric roadmap, which positioned layer-2s as the primary
With crypto winter clearly having set in, bulls are now left looking for signs that the bearishness has become so embedded that a bottom might form. One case in point might be a note from Canaccord’s Joseph Vafi on Wednesday, slashing his price target on Strategy (MSTR) by a whopping 61% to $185 from $474.
Bitcoin ($BTC) has recently experienced a series of sharp declines. While the price has fallen below $73,000, Bitcoin has been trading in a relatively narrow range between $70,000 and $79,999 for approximately five days. Analyst James Van Straten, evaluating this situation, stated that according to Glassnode data, Bitcoin has spent very little time in the
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 2201.13, down 1.9% (-43.33) since 4 p.m. ET on Tuesday. One of 20 assets is trading higher. Leaders: CRO (+1.4%) and HBAR (-0.4%). Laggards: SOL (-5.3%) and UNI (-3.6%).
Latin American digital asset platform Mercado Bitcoin said that it had deployed more than $20 million of tokenized private credit on Bitcoin sidechain Rootstock, deepening its push into real-world assets (RWAs) and targeting $100 million in issuances by April. According to a release shared with Cointelegraph, several offerings had already reached target capacity since going
ProShares unveiled the first U.S.-listed exchange-traded fund (ETF) designed to target the performance of the CoinDesk 20 Index, expanding options for investors seeking broad exposure to crypto markets. The CoinDesk 20 Crypto ETF (KRYP) is the first ETF tied to the benchmark of 20 of the largest and most liquid digital assets, ProShares said in
Blockchain-based prediction-market platform Opinion said it raised $20 million in pre-Series A round, underscoring that some corners of the crypto economy can still attract sizeable funding even when broader markets are depressed. The round included backing from Hack VC, Jump Crypto, Primitive Ventures, Decasonic and others, according to an emailed announcement on Wednesday. Opinion operates
In a significant development for cryptocurrency adoption, Fold has officially launched its unified $BTC rewards payment application, fundamentally transforming how consumers integrate Bitcoin into their daily financial activities. This innovative platform, reported by Walter Bloomberg on October 26, 2024, represents a major milestone in bridging traditional finance with digital asset rewards systems. The application seamlessly