Jack Dorsey’s Block Is Sitting on $207M Gain on Its Bitcoin Bet
Block, Inc. (SQ) stocks were up 13% in after-market trading hours.
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Block, Inc. (SQ) stocks were up 13% in after-market trading hours.
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 22, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
In 2023, crypto users lost an estimated $2 billion to hacks and scams, with Ethereum experiencing the highest losses due to its extensive ecosystem and high-profile projects.
A sudden trading volume on VanEck’s HODL product seemed “retail armyish,” one analyst said.
The tokens started trading at around $5 apiece, exchange data shows, but fell ahead of significant token unlocks planned in the months ahead.
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 19, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
However, WLD prices may run into headwinds as a token unlock worth $165 million is set to begin today, occurring until Feb.26, data from Token Unlocks show.
Sector tokens jumped 7.7% on average in the past 24 hours, CoinGecko data shows, with Ocean Protocol’s OCEAN and Fetch.AI’s FET rising more than 10%.
However, ether will likely capture more hype and mindshare in the coming months on a potential ETF listing, one analyst said.
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 16, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.