This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin (BTC) continues to gain ground, consistent with the inverse head-and-shoulders breakout from early this week, which opened the door for a rally to $120,000. Prices have crossed above the 50-day simple moving average (SMA), a widely-tracked momentum indicator. Additionally, the […]

XRP broke higher on September 11 with heavy institutional inflows pushing volume four times above daily averages. The token advanced nearly 2% to close near $3.05, defending support at $2.98 before testing resistance around $3.07. Analysts say that while accumulation patterns remain strong, elevated exchange reserves and ETF speculation are adding layers of volatility to […]

Coinbase analysts remain optimistic for the fourth quarter, arguing that a mix of resilient liquidity, a favorable macro backdrop and supportive regulatory signals could keep the crypto market rally alive. Bitcoin (BTC), they argue, continues to benefit from macro tailwinds and could outperform market expectations, analysts David Duong and Colin Basco said in a Wednesday […]

Crypto-related stocks including Galaxy Digital (GLXY), Circle Internet (CRCL) and Bitfarms (BITF) posted double-digit gains on Thursday as bitcoin (BTC) rose the highest since mid-August. Galaxy, a digital asset investment and data center conglomerate led by Mike Novogratz, added 12%. The company was a lead investor in Forward Industries’ $1.65 billion fundraising closed today to […]

The Scroll decentralized autonomous organization (DAO) is set to “pause” its governance process after leadership resignations and confusion over live proposals, key DAO members discussed during on a Wednesday delegate call. A DAO operates according to blockchain rules rather than a centralized authority. The rules are coded into smart contracts, and members typically hold tokens […]