U.S. Regulatory Crackdown Sees Institutional Investors Prefer Gold to Bitcoin: JPMorgan
This year’s 76% bitcoin rally appears to have been driven by retail buying, the report said.
Bitcoin
Bitcoin Chalks Out ‘Head and Shoulders’ Pattern Ahead of U.S. Nonfarm Payrolls: Valkyrie Investments
Although not classically meeting the textbook criteria of a head and shoulders, price action since March 19 has painted an extreme high with flanking lower highs, Valkyrie’s analysts said.
First Mover Americas: Bitcoin Pushes Above $29K After Fed Rate Hike
The latest price moves in bitcoin (BTC) and crypto markets in context for May 4, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin’s Dominance Rate Surges After U.S. Banking Crisis
Bitcoin’s outperformance during the banking crisis indicates the cryptocurrency is the anti-dollar liquid play for investors, one portfolio manager said.
Bitcoin, Ether Could Face Risks From Potential Short Squeeze in Dollar Index, QCP Capital Says
The U.S. dollar has been heavily shorted since early October in hopes for a so-called dovish Fed pivot and looks ripe for a short squeeze, a move higher driven by unwinding of bearish positions. Bitcoin tends to move in the opposite direction of the dollar.
Blockstream Developer Neigut Expects ‘Cambrian Explosion’ of Bitcoin Layer 2 Protocols
Bitcoin already has one of the most diverse layer 2 ecosystems of any network, according to Bitcoin developer Lisa Neigut.
Bitcoin Ordinals Surge to 3M Inscriptions, but Most Are Just Text
Over $8 million in fees have been paid to the network by inscription creators since their inception.
‘Bitcoin Request for Comment’ Tokens Surge to $137M in Market Value
The BRC-20 standard sounds like the popular ERC-20, but the two are different, with the former lacking the ability to interact with smart contracts.
First Mover Asia: Bitcoin Market Cap Is Surging, but a Retreat From $30K Continues
PLUS: Western crypto innovators with great ideas are eying the East for tech-embracing governments and fresh opportunities. A West-East partnership may be crypto’s model for the future, the co-founder of Taipei-based Woo Network, Jack Tan, writes.
First Mover Asia: Bitcoin, Ether Open Asia’s Trading Week Flat
ALSO: Five CoinDesk journalists offer their takeaways from Consensus 2023. They found an industry still filled with optimism but also realistic about the challenges ahead, most notably, regulatory uncertainty.