Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. As Asia opens the trading week, BTC is changing hands at […]
ETH Holds Strong; Is It the ‘Digital Oil’ Powering the Global Digital Economy?
Ether (ETH) ETH is trading above $2,540, showing strong resilience in the face of market turbulence fueled by heightened geopolitical risk. After briefly dipping to $2,491.72, ETH recovered swiftly, closing higher on above-average volume and validating key support near $2,500, according to CoinDesk Research’s technical analysis model. Technical indicators suggest renewed momentum, supported by a […]
Chart of the Week: Bitcoin’s Summer Lull Still Offers ‘Inexpensive’ Trading Opportunity
“Hey bitcoin, Do Something!” The viral meme — starring a stick figure poking the ground and depicting a need for reaction — might just sum up the current scene at digital assets trading desks during the slow, early summer days. Sure, bitcoin BTC just hit new fresh highs and is still trading above $100,000, but […]
Owning One Bitcoin Is the New American Dream, Says Bitwise Portfolio Manager
Bitcoin (BTC) BTC is holding firm above $105,000 after recovering from a sharp downturn triggered by escalating tensions in the Middle East. The leading cryptocurrency dropped below $104,000 following Israel’s strike on Iran, but quickly regained lost ground, now trading at $105,590, up 0.15% in the past 24 hours. Bitcoin’s swift rebound suggests underlying strength, […]
ADA Hovers Around $0.62 as New Enterprise Product Launch Offsets Whale-Driven Pressure
Cardano’s ADA ADA was down 1.71% over the past 24 hours, trading at $0.6229 as of June 14. The asset briefly slipped to $0.6176 before stabilizing, holding its footing despite a sharp wave of selling from large holders. According to recent market data, whales have offloaded over 270 million ADA —worth roughly $170 million — […]
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