Bitcoin-Ether Correlation Weakest Since 2021, Hints at Regime Change in Crypto Market
As Ethereum has shifted from PoW to PoS, the economics of supply and demand underlying the two cryptocurrencies will continue to diverge, one observers said.
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Bitcoin Loses 10% on the Week as Memecoins Tumble
Among the memecoins sliding was PEPE, which lost over 60% over the last 7 days.
Ether Staking Deposits Top Withdrawals for First Time Since Shapella Upgrade
The divergence comes amid a meme coin frenzy that has pushed up fees on the Ethereum blockchain.
Crypto Options Exchange Deribit’s Ether Volatility Index Hits Record Low
Deribit’s forward-looking ether volatility index (ETH DVOL) hit lifetime lows over the weekend. Expectations for price turbulence appear underpriced considering the lingering macroeconomic uncertainties.
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.
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.
Ether Erases All Gains From Shanghai Rally as Bitcoin, Other Crypto Prices Also Fall
The second largest cryptocurrency by market capitalization has dropped to its lowest since April 9, CoinDesk data shows.
First Mover Americas: Bitcoin Regains $30K as Alts Heat Up
The latest price moves in bitcoin (BTC) and crypto markets in context for April 18, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin, Ether See Bull Breather as Higher Bond Yields Support Dollar
We would consider taking some profits as the crypto market is showing exuberant signs.