This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. About two weeks ago, I discussed bitcoin’s (BTC) bullish breakout above a technical resistance called the Ichimoku cloud and potential for a rally to $100,000. This week, the cryptocurrency obligingly surged into six figures. Now, top alternative cryptocurrencies such as…
Remember the phrase – be fearful when others are greedy and be greedy when others are fearful? Well, there’s a similar notion going on in the cryptocurrency space, as certain assets tend to do the opposite of what the crowd expects from them. This has been the case with Ethereum in the past few weeks…
Social media giant Meta is reportedlyworking to introduce stablecoins to its platform on several fronts, though the purpose is yet unclear – possibly to save on transaction fees. According to Fortune, citing several sources familiar with the matter, Meta is in talks with more than one crypto firm to add stablecoins to manage payouts. Allegedly,…
Bitcoin and Ethereum recorded significant price gains in the past 24 hours, triggering a cascade of liquidations that cleared over $1 billion from the market. According to CryptoSlate’s data, Bitcoin reclaimed a key milestone, surpassing $100,000 for the first time since early February. The asset briefly touched a high of $104,000 before retreating slightly to…
The overnight Bitcoin price surge back into six‑figure territory has sent shockwaves through every corner of the crypto economy. The flagship asset ripped to an intraday high of $103,400—its first decisive close above $100K since February—propelled by a flood of fresh spot‑ETF inflows ($142 million) and optimism that U.S.–China trade talks are finally thawing. Strategy’s Bitcoin…
By Omkar Godbole (All times ET unless indicated otherwise) As the crypto rally gathers pace ether has widened its lead over bitcoin in terms of volatility expectations, signaling relatively greater action not just in the second-largest cryptocurrency, but in the broader digital asset market as a whole. Deribit’s ether implied volatility index (ETH DVOL), which…
German law enforcement has shut down the crypto exchange eXch and seized digital assets valued at over $38 million, according to a May 9 statement. In a joint operation, the Frankfurt Main Public Prosecutor’s Office and the Federal Criminal Police Office (BKA) confirmed that the seizure occurred on April 30, 2025. The move followed a…
TL;DR ETH surged by 23% in 24 hours to over $2,400, sparking bullish predictions of $4K to even $25K. XRP jumped 9% daily to $2.40 amid optimism from the settlement between Ripple and the SEC, with analysts eyeing a potential breakout past $2.80 toward new all-time highs. PEPE skyrocketed by more than 50% weekly, hitting…
[PRESS RELEASE – London, United Kingdom, May 9th, 2025] Vector Smart Chain (VSC), a Layer 1 blockchain protocol, has announced two strategic developments: the implementation of a fixed $4 gas fee model and the appointment of Peter Ritchie, former Chief Financial Officer at CitiGroup Finance, as Strategic Finance Executive Consultant. These initiatives mark a shift…
Bitcoin mining firm Hut 8 significantly expanded its operational capacity in Q1 2025, reporting a 79% increase in hashrate. Despite this milestone, the company posted a net loss of $134.3 million on revenue of $21.8 million, according to its latest earnings report released on May 8. CEO Asher Genoot described the quarter as a “deliberate…