Bitcoin Record Is Job Only Half Done: Crypto Daybook Americas
By James Van Straten (All times ET unless indicated otherwise) Bitcoin BTC broke through to new highs above $118,000, but still has more to prove. It needs to reclaim records against other major assets such as gold and the British pound to demonstrate that it is outpacing them on...
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Filecoin Gains as Much as 9% as the Token Breaks Out on High Volume
Filecoin (FIL) exhibited remarkable bullish strength in the last 24 hours, climbing from $2.44 to $2.65 in a decisive 9% advance, according to CoinDesk Research’s technical analysis model. The momentum intensified notably during the 16:00-21:00 timeframe on July 10, as price rocketed from $2.44 to $2.58 amid extraordinary trading...
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GMX Exploiter Return $40M Days After Hack, Token Zooms Higher
The attacker who drained over $40 million from GMX’s V1 contracts earlier this week has started returning funds, suggesting they’ve accepted the project’s $5 million white-hat bounty. The first signs came Friday via an on-chain message: “ok, funds will be returned later.” Hours later, over $10.5 million in FRAX...
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Aptos’ APT Jumps as Much as 9% as Crypto Markets Explode Higher
Aptos’s APT gained as much as 9% in the last 24 hours as crypto markets surged higher. Strong support was established at $4.57 with high-volume confirmation during the bounce, according to CoinDesk Research’s technical analysis model. Technical targets point to $5.20 from $4.57 base, the model showed, with resistance...
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ETH Surges Past $3K as Glassnode Flags Rare Flip in Futures Volume Over Bitcoin
At the time of writing, Ether (ETH) was trading at $3,012, up 8.22% in the past 24-hour period, according to CoinDesk Research’s technical analysis model. The broader crypto market, as gauged by the CoinDesk 20 Index (CD20), was up 6.39% during the same period. In a recently-released research paper...
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Bitcoin Surge Lifts Crypto Stocks in U.S., Europe
As bitcoin BTC held above $118,000 after hitting a record high, U.S. crypto stocks showed gains in pre-market trading. Strategy (MSTR), the holder of the biggest BTC stash among publicly traded companies, rose more than 3% and BlackRock iShares Bitcoin Trust ETF (IBIT) added 4%. Crypto exchange Coinbase (COIN)...
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Bitcoin, Ether, Solana, XRP Price Analysis: BTC Resistance at $120K?
This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin: Resistance at $120K? Bitcoin’s (BTC) upswing has gathered pace, as indicated by the “negative dealer gamma buildup” and IBIT’s bull flag breakout. Bull momentum looks strong, evidenced by...
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Bitcoin’s Rally Reflects Dollar Weakness, Other Assets Highlight the Barriers Ahead
Bitcoin BTC reached an all-time high on Thursday, and is now in price discovery above $117,000, but the largest cryptocurrency by market cap remains below earlier records set against gold, benchmark equity indexes and the British pound. That’s because much of the recent rally reflects the weakness of the...
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What’s Next for Ether, Solana, XRP and Other Majors as Bitcoin Clears $118K
Bitcoin’s (BTC) decisive break above $118,000 has flipped the risk-on switch for crypto markets, and traders are now watching if altcoins follow with similar momentum or get left behind in a BTC-dominant rally. Historically, bitcoin breaking to new highs acts as a liquidity signal, pulling sidelined capital back into...
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Bitcoin’s ‘Low Volatility’ Rally From $70K to $118K: A Tale of Transition From Wild West to Wall Street-Like Dynamics
Bitcoin’s (BTC) bull runs have evolved. Gone are the days of adrenaline-pumping rallies marked by wild price swings that kept traders awake night after night in fear of sudden whipsaws and liquidations of leveraged bets. Now, prices climb steadily, much like the boring bull runs in stock markets. For...
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