Bitcoin Is ‘Store of Value’ Though Not Yet ‘Medium of Exchange,’ Dallas Fed’s Kaplan Says
The U.S. economy is "not out of the woods yet," said Dallas Fed President Robert Kaplan.
The U.S. economy is "not out of the woods yet," said Dallas Fed President Robert Kaplan.
Coinbase's listing ties the company to a centralized system that encourages short-termism over long-term growth, says our chief content officer.
Coinbase is known for its expensive trading fees yet it's still not listing doge, one of the most traded tokens.
DOGE now has a market value of more than $50 billion, surpassing the giant U.K. bank Barclays after tripling in price.
Option traders continue to snap up cheap out-of-the-money call option at the $80,000 strike.
BTC is roughly 7% lower from its all-time high, similar to the April 1 pullback.
Turkey's crypto ban sets a bad precedent for other countries mulling similar moves.
The company’s Twitter post cited “unprecedented demand” leading to traders being unable to complete orders.
The asset manager disclosed Thursday its shares in the Ethereum trust were worth $4.75 million as of March 31.
The hype around ether is also reflected in the derivatives market.
The amount of tether on the Tron blockchain has exceeded that on Ethereum.
Also, ether continued to move higher after the Berlin Fork.
Coinbase's direct listing is bringing attention to crypto, but there's some "hopium" going on in DeFi, says Breitman.
Market activity is surging as the Ethereum blockchain's native cryptocurrency rises to fresh all-time high prices.
BTIG expects COIN to reach $500, calling it the "gold standard among digital asset exchanges."
BTC buyers take profit, but selling should be limited around $61K support.
Bitcoin takes a breather as billionaire investor Mike Novogratz warns of market correction.
A "Buy Back and Build" proposal approved in January aims to bolster the project's treasury and generate value for all stakeholders.
But the impact on the market may be little.
Exchange executives worldwide say the direct listing could spur adoption and acceptance of crypto.
Also, 98 cryptocurrencies are now valued at more than $1 billion each.
The Coinbase listing is seen as a watershed moment for the cryptocurrency industry.
Long-term BTC holders (HODLers) are less tempted to sell relative to prior bull markets, according to data from Glassnode.
Dogecoin doesn't trade on Coinbase but it has rallied ahead of the exchange's shares trading on the Nasdaq.
BTC buyers have taken some profit, but support is nearby around $62K.
The new marks continue a two-day surge by the two cryptocurrencies in the leadup to a seminal moment in the history of crypto.
Bitcoin is seen rising towards $70K by May according to several analysts interviewed by CoinDesk.
That's a valuation of $66.5 billion, assuming an estimated 266.2 million shares outstanding.
It's not equity, it's an exchange token. But it sure is mooning, apparently linked to the recent success of Binance Smart Chain.
Crypto bulls are taking over the market in anticipation of Coinbase's direct listing.
