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BTC's best years have been characterized by copper's outperformance relative to gold. Close up of Copper wire (Shutterstock) The widely-tracked copper-to-gold ratio continues to slide in the wake of China's stimulus announcements, offering negative cues to risk assets. BTC's best years have been characterized by copper's outperformance relative to gold. 00:57 Bitcoin Up 40% YTD But...
The U.S.-based spot funds currently hold about 396,922 bitcoin altogether, with BlackRock’s iShares Bitcoin Trust soon to cross 400,000 in BTC holdings. U.S. spot bitcoin ETFs could soon hold more bitcoin than the founder of the token, Satoshi Nakamoto. (Unsplash) Spot bitcoin exchange-traded funds will soon hold over one million BTC. The funds recorded one of their biggest week of...
The uptick in Treasury yields is consistent with the Fed's previous non-recessionary rate cuts and is not bearish for risk assets, according to TS Lombard. Figures, statistics. (Pixabay) Concerns about rising U.S. Treasury yields and Fed's supposed policy mistake may be overblown, according to TS Lombard. BTC's daily chart shows an impending golden cross, signaling bullish outlook. 39:34...
A widely-tracked momentum indicator has flipped positive for the first time since April. Traffic, green light. (Alexas_Fotos/Pixabay) A widely-tracked momentum indicator has flipped bullish for the first time since April. A similar bullish flip happened at the onset of the late 2023 rally and in late 2022, marking the end of a brutal downtrend. 01:01 Bitcoin Breaks...
As part of its coverage of the 2024 US Elections, Cointelegraph asked several congressional candidates for their positions on cryptocurrency and blockchain. As part of its coverage of the 2024 US Elections, Cointelegraph asked several congressional candidates for their positions on cryptocurrency and blockchain. Kari Lake is running to represent the state of Arizona in the United States Senate. A...
Donald Trump at an NFT event at Mar-a-Lago on May 8, 2024. (Danny Nelson/CoinDesk) U.S. Republican presidential candidate Donald Trump took to the social-media platform X to tout World Liberty Financial, a new crypto project promoted by his family, after initial sales of the platform's new WLFI tokens fell well short of the target. Trump's post came late in...
The WLFI token sale will be open for everyone who has been qualified through the project's whitelist. Screen grab from Trump's teaser of the new World Liberty Financial crypto company (Rug Radio, modified by CoinDesk using PhotoMosh) World Liberty Financial, the nascent decentralized finance (DeFi) protocol supported by Donald Trump and his family, announced plans to start selling tokens on...
Trump's odds of winning the U.S. presidential election have surged to a more than two-month high. Plus, the broader crypto market is stagnant despite hopes of another round of stimulus in China. Trump sending bitcoin transaction at PubKey bar in NYC (Fox News/Modified by CoinDesk) Trump-themed PoliFi tokens outperformed a slow market this week as the Republican candidate pulled ahead...
The case seeks to prevent the SEC from "unlawfully expanding its jurisdiction" to cover secondary-market sales of certain network tokens sold on the exchange. Crypto.com CEO Kris Marszalek during a 2022 interview (Crypto.com) Crypto.com has sued the SEC after receiving a Wells Notice from the U.S. regulator. The notice, a warning the agency is considering bringing charges against the...
Memecoins have been one of the best-performing crypto sectors in the past year, buoyed by vibrant social communities and attention in the market. Bitcoin (BTC) neared $64,000 in early Asian hours Monday ahead of a busy U.S. data week that sees the Federal Reserve release FOMC minutes and key economic figures from August that track the economy's growth. BTC rose 3%, putting...