Bitcoin has decisively broken above $76,300 for the first time since its sharp selloff on Feb. 5, when it dropped to a low near $60,000. BTC has rallied more than 25% and now trades above its 100-day moving average (100DMA) of $74,774 since bottoming in early February. The previous two tests of this level resulted
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 2125.52, up 0.3% (+7.28) since 4 p.m. ET on Thursday. Nine of 20 assets are trading higher. Leaders: XLM (+1.5%) and HBAR (+1.4%). Laggards: NEAR (-2.3%) and DOT (-1.6%).
The price of bitcoin has again pushed above $76,000 alongside about a 10% plunge in the price of crude oil on an apparent reopening of the Strait of Hormuz. “The passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire,” said Iranian Foreign Minister Seyed Abbas
Europe needs more euro-issued stablecoins and banks across the European Union (EU) countries must explore tokenized deposits, French Finance Minister Roland Lescure said Friday, according to Reuters. The statements signal a potential shift in stance within the French government and its central bank. Lescure expressed support for Qivalis, a group of 12 European banks, including
Bitcoin’s price action signals the momentum from U.S.–Iran ceasefire headlines is fading and markets are looking for substantive progress that could unwind war-driven stress across the global economy. The largest cryptocurrency briefly topped $76,000 early today, only to fall back in a repeat of Tuesday’s choppy pattern. The stall follows a 10% climb, predominantly driven
The leading cryptocurrency, Bitcoin ($BTC), is trading around $74,600 after a strong week. Analysts say the rally has stalled ahead of the expiration of the two-week ceasefire agreement between the US and Iran next week. However, one analyst predicts that Bitcoin could rise to $125,000 in the coming months. Speaking to Coindesk, ZeroStack CEO Daniel
The RHODL ratio, by Glassnode, a key on-chain metric tracking the balance between long-term and short-term bitcoin holders, is flashing signals more consistent with a market bottom than a cycle top, after hitting a ratio of 4.5. Currently sitting at its third highest level on record, the indicator shows that wealth is increasingly concentrated in
Coinbase CEO Brian Armstrong says the next wave of AI could become a major source of digital dollar demand. He said in a post on X that if autonomous AI agents begin buying, selling, booking, hedging, and settling transactions on their own, they will need money built for internet speed. Armstrong added that stablecoins and
BitMEX co-founder Arthur Hayes has revealed that over 90% of his personal wealth remains tied to Bitcoin. But surprisingly, he won’t buy more right now. However, he also said the market may stay unstable due to global tensions and future money printing. In addition to this, he has expressed a stronger relative interest in selective