First Mover Americas: FTX Wants to Sell Its GBTC
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 6, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Markets
Bitcoin Stalls at $35K as Gains Flow to Altcoins in Crypto’s ‘Early Bull Market Rotation,’ Analyst Says
Layer 1 cryptocurrencies and DeFi tokens soared this week as bitcoin and ether chopped sideways.
Prescient Bitcoin Whale Moves $244M in BTC to Crypto Exchange. Has BTC Price Topped?
The whale wallet was the 14th-largest individual bitcoin owner in March, holding 46,500 BTC.
What Happens to Bitcoin Price if Spot ETF Isn’t Approved?
Bitcoin’s recent strong performance at least in part is due to optimism regarding the imminent launch of multiple spot ETF products.
First Mover Americas: Sam Bankman-Fried Guilty on All 7 Counts
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 3, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Recedes to $34.2K Ahead of U.S. Nonfarm Payrolls Data
The jobless rate is forecast to hold steady at 3.8%, while the year-on-year growth in average hourly earnings likely slowed to 4% from 4.2%.
Bitcoin Is Up 70% a Year After FTX Debacle, but ‘Alameda Gap’ in Liquidity Persists
The ‘Alameda gap’ refers to the worsening of order-book liquidity following the collapse of the FTX group a year ago.
Solana’s Rally Marshalled by Buyers From Coinbase, Data Shows
SOL has gained over 50% in two weeks with buyers from Coinbase playing a major role in powering the cryptocurrency higher.
Bitcoin Mining Stocks Soar 10% as BTC Hovers Near 17-Month High at $35K
Bitcoin [BTC] mining stocks soared Thursday amid stable bitcoin price near its 17-month highs and bullish equity markets.
Solana Is Down 15% Since Hitting a 14-Month High. Is the Rally Over?
Solana’s [SOL] spectacular comeback – up over 300% this year – has captivated crypto market participants after being one of the most beaten-down assets during the bear market.