Bitcoin’s 12% Price Rally on Thursday Was the Biggest Since February 2022
Risk assets stabilized as upbeat weekly U.S. jobs data eased recession concerns.
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First Mover Americas: Bitcoin Reclaims $62K, Bulls Revisit $100K Target
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 9, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Here’s Why XRP Whales May Prefer U.S. Exchanges Over Offshore Venues
XRP’s order book on U.S. exchanges is 30% more liquid than offshore platforms.
Bitcoin Bulls Revisit $100K Year-End Target as BTC Spikes Over $62K
“Regardless of the next 60 days, the bull market will continue along traditional four-year cycle lines with solid gains in October and November,” one trader said.
Coinbase Takes Aim at CFTC’s Definition of ‘Gaming’ in Proposed Prediction Market Rules
Coinbase argues the definition is vague, and urges the CFTC to make determinations on a contract-by-contract basis rather than broad categorization
Bitcoin Miner With Celsius Assets Delays IPO After Losing CEO and Auditor
Ionic Digital’s CEO Matt Prusak will step down this month, recently appointed CFO John Penver will take the helm in the interim.
A Trump-Themed Token Soars, Then Dives 95% After His Son Dashes Hope the Former President Backed It
The debacle underscores the wild world of memecoin markets, where grifts and rug pulls abound.
Medical Data Company OneMedNet Latest to Pursue Bitcoin Treasury Strategy After Capital Raise
OneMedNet (ONMD) late last month raised $4.6 million in a private placement and used $1.8 million of the proceeds to purchase bitcoin, according to a press release. Among the investors was Off The Chain Capital, a crypto investment fund.
Bitcoin Nears $60K as Crypto Bounce Accelerates, but Recovery Might Be Choppy
While the crypto rally was broad-based with ETH, SOL, NEAR gaining 8%-10%, prices rarely go up in a straight line following major capitulation events such as Monday’s crash, one observer noted.
JPMorgan Remains Cautious on Bitcoin as Positive Catalysts Mostly Priced-In
Retail investors seems to have played large role in recent crypto selloff that saw sharpest correction since FTX, the bank said.