Altcoin Plunge Leads Crypto Lower; Bitcoin Slips 0.7% to $29,150
A sharp mid-afternoon selloff upended what had been a quiet Tuesday in cryptocurrencies.
Markets
HBAR Rallies on FedNow Addition of Hedera-Based Dropp
The token has now rallied nearly 50% over the past two months.
First Mover Americas: Hedera’s Token Gains on Fed Move
The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Slumbers as ETF Hopes Simmer; PEPE Leads Altcoin Gains
Meme coin and low-caps remain favorite plays among traders as bitcoin investors look to a swift ETF judgment.
Bitcoin Spot ETF Approval Could Help Power up a New Crypto Cycle: Bernstein
New capital will enter the market from fresh stablecoin supply, tokenization of traditional assets, native crypto infrastructure tokenization and ETFs, the report said.
BALD Developer Sends $12M Back to Ethereum After Spectacular Mess Up
The viral token reached an $80 million market capitalization earlier this month before falling 90% – and failing to grow since.
A Bitcoin Warning Signal Blares From Surging Interest in Shiba Inu
SHIB meme coin signals trouble for bitcoin’s price (Atsuko Sato)
Coinbase Layer 2 Base Overtakes Optimism in Daily Active Users as Friend.Tech Hype Soars
A grayed-out “airdrop” icon at the top of the Friend.Tech app suggests the platform will release a token.
First Mover Americas: A ‘Head-and-Shoulders’ Case for Altcoins
The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
‘Altcoin Season’ Is Coming, Technical Analysis Suggests
An inverse head-and-shoulders pattern, one of the most trusted indicators known to presage major price rallies, is building in the altcoin market.