Aptos Leads Losses as Crypto Weakness Continues; Coinbase Shares Fall to 7-Month Lows
Cryptocurrencies continued their weak trading as recession fears weighed on risk assets ahead of Friday’s key jobs data report.
Markets
Bitcoin Flounders Ahead of Friday Jobs Report That Might Push Fed to Slash Rates by 50 Basis Points
The U.S. central bank has indicated it will cut rates at its mid-September meeting, but the size of the move is up for debate.
First Mover Americas: BTC Erases Gains From Wednesday’s Brief Rally
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 5, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Retraces Below $57K as ‘Sell-on-Rise’ Action Continues
Crypto weakness may be a red flag for traditional risk assets, one analyst said.
Ether CME Futures Volume Shrinks as ETH ETFs Disappoint, Crypto Market Ducks Risk
The decline in trading volumes for ETH instruments suggests lower-than-expected institutional interest in the asset, particularly following the launch of spot ETH ETFs, according to CCData.
First Mover Americas: Bitcoin Drops to Lowest Since August as U.S. Stocks Slide
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 4, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Dives Under $56K as Asian Equities See Red
The August reading of the Institute for Supply Management’s manufacturing index slumped for a fifth straight month with a rebound from July but remaining below the 50 threshold.
BitGo CEO Says Wrapped Bitcoin’s Critics Aren’t Being ‘Intellectually Honest’ About Their Concerns
The loudest critics of BitGo’s deal with Justin Sun-affiliated BiT Global also want to see their ‘number go up.’
First Mover Americas: Bitcoin Gain Checked by Hints of Further BOJ Rate Rises
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 3, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Ripple Will Soon Add Ethereum Compatible Smart Contracts to XRP Ledger
The contracts will exist on a sidechain built on XRPL, developers said in a Tuesday post.