Bitcoin Beats Rest of Crypto Market as Ether, DeFi Tokens Struggle
Bitcoin’s market share of all cryptocurrencies rises to highest since April 2021.
Bitcoin
Bitcoin’s Rising Dominance Rate Challenges Altcoin Boom From 2021
The ascent in bitcoin’s dominance rate is consistent with the bullish breakout in June, which marked the end of a prolonged range play between 38% and 48%.
Market Wrap: Bitcoin Hovers Above $28K After ETF Reports Prove False
Meanwhile, the market continues to trend downwards amid higher-than-expected U.S. PPI and CPI Data
Grayscale ‘GBTC Discount’ Narrows to Near 2-Year Low as SEC Misses ETF Appeal Window
The narrowing of the discount likely represents increased likelihood that Grayscale will be able to convert its close-ended bitcoin trust into a spot-based exchange-traded fund.
Bitcoin Jumps to Near $28K as Bulls Bet on ETF Approval
Traders could be betting on a development that buoys hopes for a spot bitcoin ETF in the US.
SEC Won’t Appeal Loss in Grayscale Case, Boosting the Odds GBTC Can Become a Bitcoin ETF
The decision, reported by Reuters, boosts the odds that Grayscale Investments will be able to turn its Grayscale Bitcoin Trust (GBTC) into a more investor-friendly ETF.
First Mover Americas: Bitcoin Spot ETF Partially Priced in: Coinbase
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 13, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Is Currently Neither ‘Bullish’ or ‘Bearish,’ Traders Say
Major tokens seemed to stabilize on Friday morning following a week-long price drop.
Ether Drops 1.9% to 7-Month Low as Crypto Buckles Further Following Inflation Data
ETH dropped to its lowest price since March, while most cryptocurrencies struggled as risk-off sentiment took over markets following a slightly hotter-than-expected inflation report and surging rates.
Bitcoin Sinks Nearly 3% to $26.7K; Bulls Ponder How Low It Can Go
After failing again at $28,000 resistance over the weekend, bitcoin has retreated to its weakest level since late September.