Bitcoin Recrosses $26.3K to Hit Highest Level in a Week Amid BlackRock Optimism

Markets surged for a second time in the less than 24 hours following the fund management giant’s announcement that it had filed paperwork for the formation of a spot bitcoin ETF.

• 2023-06-17
• BlackRock Mark Connors CoinDesk Coinbase

First Mover Asia: Why Did Bitcoin's Price Hold Above $27K Over the Weekend? Two Analysts Expect Continued Resilience

ALSO: The bitcoin options put/call ratio across exchanges has sunk to 0.47, suggesting that fewer investors are seeking downside protection against price declines than they had prior to the passage of a bill to raise the U.S. debt ceiling.

• 2023-06-05
• digital assets market correction debt ceiling Mark Connors market prices

Hong Kong is bringing back retail crypto trading. Will China be next?

Mainland China officially banned cryptocurrencies in 2021.

• 2023-06-01
• Hong Kong China Leo Mizuhara side hustles crypto trading crypto exchange Mark Connors

Bitcoin Moves Sideways at $27.5K as Investors Await CPI Inflation Reading

Equities slid. Investors will be watching Wednesday's release of the April Consumer Price Index for clues about the Federal Reserve's next monetary policy decision.

• 2023-05-10
• Bitcoin CoinDesk Edward Moya market capitalization Mark Connors Bitcoin Cash

First Mover Asia: Bitcoin Struggles as U.S. Regulators Fumble: Analyst

ALSO: CoinDesk columnist Daniel Kuhn considers the European Parliament's passage of crypto rules, which come as U.S. regulatory agencies seem to be backtracking in their efforts to find an effective regulatory approach.

• 2023-04-21
• CoinDesk market liquidity digital assets Mark Connors Canadian crypto asset European Union European legislators Bitcoin

First Mover Asia: Bitcoin Dips Below $25K as Market Debates Liquidity

ALSO: CoinDesk's Shaurya Malwa writes that higher-than-usual market volatility affected bulls and bears alike as crypto futures racked up $300 million in liquidations over a 24-hour period earlier this week.

• 2023-03-16
• Silicon Valley Bank Mark Connors volatility Bitcoin Alex Adelman

First Mover Asia: Silicon Valley Bank Failure Highlights Small Banks’ Vulnerability; Bitcoin Soars Past $22.5K

Since September 2021, the growth in cash assets in small bank balance sheets has turned negative.

• 2023-03-13
• Silicon Valley Bank Silicon Valley Bank Silvergate Bank First Republic Bank Federal regulators Mark Connors customer deposits Federal Reserve Board Federal Reserve U.S. Treasury Secretary Janet L. Yellen