Bitcoin in Stasis Below $27K Ahead of Powell Speech
At 15:00 GMT, Powell will speak at the “Perspectives on Monetary Policy” panel before the Thomas Laubach Research Conference hosted by the Federal Reserve.
Markets
First Mover Americas: Litecoin Might Be Trading at a Discount
The latest price moves in bitcoin (BTC) and crypto markets in context for May 19, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Crypto Market Recovery Unlikely Until Stablecoin Universe Stops Shrinking: JPMorgan
Tether’s market cap has been growing at the expense of rival stablecoins such as USD Coin, the report said.
XRP Bucks Bitcoin-Led Slide in Majors as SEC Case Tilts in Ripple’s Favor
Ripple has historically maintained a distance from XRP, the token that powers some of its products and the XRP Ledger network
First Mover Americas: Bitcoin Rebounds Amid Optimism on Debt-Ceiling
The latest price moves in bitcoin (BTC) and crypto markets in context for May 18, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Absence of Retail Investors Could Stand in the Way of Pepecoin’s Rise to Top Meme Coin: Santiment
A Santiment report said that pepecoin (PEPE) could face challenges amid a generally bleak trading environment.
First Mover Americas: Axie Infinity Rallies After Apple App Store Debut
The latest price moves in bitcoin (BTC) and crypto markets in context for May 17, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Axie Infinity’s Token Jumps 12% After Firm Lists Game on Apple App Store
The dollar valued locked in the open futures contracts tied to AXS has surged to highest since February, signaling an influx of new money into the market.
Bitcoin’s Realized Price on Cusp of Flashing Major Bullish Signal
Bitcoin’s realized price looks set to cross above the average on-chain acquisition price of long-term holders, indicating a prolonged bullish period ahead.
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.