This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. In markets, securing the best entry point is often half the battle, as timing and level significantly influence success by skewing the risk-reward ratio in traders’ favor. While bitcoin’s (BTC) near-term outlook may appear constructive with increased demand for bullish … Read more
Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR). Strategy (MSTR) added another 3,459 BTC to its holdings last week, bringing its total bitcoin stash to 531,644 BTC. According to a regulatory filing on Monday morning, the company purchased the additional bitcoin for $285.8 million, at an average price of $82,618 per … Read more
By Omkar Godbole (All times ET unless indicated otherwise) The new week is off to a silent start as bitcoin looks to establish a foothold above the trendline, characterizing the downtrend line from record highs, with $86K emerging as resistance over the weekend. FLR, TRX and SOL beat the broader market, while the RWA protocol … Read more
Ray Dalio is sounding the alarm — not just about a potential recession, but about a deeper, systemic breakdown of the global economic and political order in an interview with CNBC on Sunday. His concerns aren’t just about market volatility; they point to a broader structural fragility. Interestingly, bitcoin (BTC) has been showing resilience amidst … Read more
Bullish bitcoin (BTC) options strategies are becoming popular again, stabilizing a crucial sentiment indicator that indicated panic early last week. BTC has bounced to over $84,000 since probing lows under $75,000 last week. The recovery comes as the bond market chaos supposedly forced President Donald Trump to capitulate on tariffs just days after announcing sweeping … Read more
Metaplanet Inc. (3350) added 319 bitcoin (BTC) to its treasury. The Japanese firm made its latest buy at an average price $83,147) per coin. This latest purchase brings the company’s total bitcoin holdings to 4,525 BTC, with an aggregate cost basis of $408.1 million and an average acquisition price of $90,194. This move is part … Read more
Crypto traders were reminded of Terra’s LUNA early Monday as trendy real-world asset upstart Mantra’s OM token dropped 90% within hours on no sudden catalyst — with conspiracy theories and allegations running abound among crypto circles. OM plunged from over $6 to just over 40 cents late Sunday to early Monday in typically low liquidity … Read more
Bitcoin (BTC) is flat as East Asian markets open for the week, trading above $84K, as the White House presents mixed messages on semiconductor and technology component tariffs. Over the weekend, Commerce Secretary Howard Lutnick said that the White House’s decision to exempt items like smartphones, computers, and the semiconductors that power them from tariffs … Read more
As traditional gold markets heat up, crypto investors are following suit—flocking to tokenized versions of the precious metal that offer both price exposure and digital flexibility. Gold-backed cryptocurrencies like Paxos Gold (PAXG) and Tether Gold (XAUT) have risen 24.15% and 23.7% respectively year-to-date to new all-time highs above $3,300, roughly matching the performance of spot … Read more
Bitcoin (BTC) proponent Michael Saylor has hinted the company he co-founded, Strategy (MSTR), may be set to announce an additional BTC purchase this week shortly after revealing it expects a net loss in the first quarter of the year over unrealized losses on its massive BTC holdings. The company has added 80,785 BTC to its … Read more
World Liberty Financial, the crypto venture backed by U.S. President Donald Trump’s family, purchased $775,000 worth of SEI tokens as its altcoin accumulation strategy keeps going. The move was funded with USDC transferred from the project’s main wallet to a trading wallet that has been used in prior altcoin buys, according to fresh data from … Read more
The Trump administration’s exemption on tariffs for electronics may be short-lived. Commerce Secretary Howard Lutnick said Sunday that the White House’s decision to exempt items like smartphones, computers, and other consumer electronics from steep tariffs earlier this month was only temporary. A new set of duties focused on semiconductors is expected within “a month or … Read more
JPMorgan Chase CEO Jamie Dimon is bracing for a disruption in the near $30 trillion U.S. Treasury market — one he says could force the Federal Reserve to step in, just as it did during the early days of the COVID-19 pandemic. “There will be a kerfuffle in the Treasury markets because of all the … Read more
Luxor Technology wants to make bitcoin mining easier. That’s why the firm has rolled out a panoply of products (mining pools, hashrate derivatives, data analytics, ASIC brokerage) to help bitcoin miners, large and small, develop their operations. Aaron Forster, the company’s director of business development, joined in October 2021, and has seen the team grow … Read more
As the crypto industry matures, much of the focus remains on regulation, custody, and scalability. But in 2025, the biggest barrier to adoption isn’t policy — it’s user experience. Crypto’s interfaces are still too complex for everyday users. From managing seed phrases to deciphering blockchain transactions, onboarding feels more like navigating a maze than joining … Read more
The proliferation of mainstream artificial intelligence (AI) tools in the last couple of years has stirred the crypto and blockchain industry to explore decentralized alternatives to Big Tech products. The synergy between AI and blockchain is built on addressing the risk of centralized ownership and access to data that powers AI. The theory goes that … Read more
It’s been an exceptionally volatile week, but one measure may be signaling longer-term bullish sentiment for bitcoin. The sell-off in equities began on April 3, spurred by President Donald Trump’s tariff-led uncertainties. Each day since then has been marked by sharp moves in both directions. The panic has hit both the equities and bond markets, … Read more
April—a month marked by extreme market volatility—saw intensifying U.S.-China tensions and a broad selloff in global markets that led to panic selling of almost all asset classes. Amid the chaos, one of the most improbable winners emerged from the strange depth of the crypto market: Fartcoin (FART). The Solana-based memecoin, has rallied nearly 90% in … Read more
Bitcoin (BTC) rose over 1.5% to $84,900 Saturday, looking to break a three-month downtrend after the Trump administration issued new guidance on reciprocal tariffs, listing several exemptions like smartphones, computers, chips and other electronics. These exclusions published by the U.S. Customs and Border Protection exclude the listed products from President Donald Trump’s 125% China tariff … Read more
Late Friday, attorneys with the U.S. Securities and Exchange Commission and Binance filed a joint status report asking a federal judge to continue a 60-day pause in the case for another 60 days. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for … Read more
The idea of “safe haven” assets—traditionally marked by gold and government bonds—amid market turmoil, is being tested like never before. For decades, portfolio construction and risk management were simple: 60% equities, 40% bonds and when markets panicked, capital typically flowed into gold and government bonds. These assets were slow, steady, and predictable, making them an … Read more
A New York judge ruled Friday that the majority of New York Attorney General Letitia James’ civil securities fraud suit against crypto venture firm Digital Currency Group (DCG) and two of its executives can proceed to trial. In 2023, James sued James sued DCG and its CEO Barry Silbert, DCG’s now-bankrupt lending arm Genesis Global … Read more
Attorneys for the U.S. Securities and Exchange Commission and Binance asked a federal judge on Friday to continue a pause in the regulator’s case against the crypto exchange for another two months, citing “productive discussions.” The SEC sued Binance in 2023, alleging the exchange — alongside its U.S. affiliate and executives such as former CEO … Read more
Tariffs, tariffs, tariffs. Trump’s on-again, off-again import levies dominated the week. At the beginning, tariffs sent stocks and crypto appreciably lower. By the end, with all new non-China tariffs paused for 90 days, markets were up again. Bitcoin returned to a level ($82,000) that it was at this time last week. And analysts debated whether, … Read more
WASHINGTON, D.C. — The U.S. Securities and Exchange Commission could consider a short-term crypto oversight framework to allow firms to keep innovating while the agency works out a more permanent answer to digital assets regulation, interim Chairman Mark Uyeda suggested during a Friday event at the agency’s Washington headquarters. “We should consider whether there may … Read more
Traditional U.S. assets are going haywire as U.S.-China trade tensions continue to rattle global markets, now coupled with fresh data of tumbling sentiment towards the U.S. economy and mounting inflation concerns. The most recent University of Michigan survey, published on Friday, found that consumer sentiment fell to 50.8 from 57.0, nearing the most depressed level … Read more
When the U.S. government sanctioned the Ethereum-based crypto mixing service Tornado Cash in 2022, it ignited a debate within the crypto community that continues three years later. Tornado enabled users to transfer crypto anonymously. The government contended that the service facilitated money laundering, prompting some of Ethereum’s validators and block builders to take steps to … Read more
The complex pipes that keep derivatives trades moving are about to get a major efficiency boost in DeFi, according to Crypto Valley Exchange. Crypto Valley Exchange’s “smart clearing” protocol will lower the capital requirements for derivatives traders by setting collateral levels in light of the traded assets’ correlations in price. In doing so, it could … Read more
Onyxcoin (XCN), the native token of its namesake’s modular blockchain, experienced a major boost over the past 48 hours, bucking the bearish market sentiment with a 150% rise. Daily trading volume averaged around $25 million earlier this week until the token started to rip through levels of resistance. That figure has now ballooned to $600 … Read more
In no surprise given the lame crypto price action in the first quarter of 2025, BlackRock (BLK) posted a sizable slump in net inflows into its spot bitcoin (BTC) and ether (ETH) ETFs. In all, investors put $3 billion into BlackRock’s digital asset-focused ETFs in the first three months of the year, according to the … Read more