Bitcoin Slides. Why Fears About ‘Curve DeFi’ Are Hitting Prices.

and other cryptocurrencies fell Tuesday as fears over the Curve decentralized finance platform rocked sentiment for digital assets, with key price levels at risk after recent declines. Bitcoin is now firmly below its 50-day moving average, which bodes ill for prices from a technical market perspective. “The minor breakdown increases risk to next support at the rising 200-day moving average around $26,700,” said Katie Stockton, managing partner at technical research firm Fairlead Strategist.

• 2023-08-01
• digital assets Bitcoin

Bitcoin Slides as Curve DeFi Fears Rock Crypto Sentiment

and other cryptocurrencies fell Tuesday as fears over the Curve decentralized finance platform rocked sentiment for digital assets, with key price levels at risk after recent declines. Bitcoin is now firmly below its 50-day moving average, which bodes ill for prices from a technical market perspective. “The minor breakdown increases risk to next support at the rising 200-day moving average around $26,700,” said Katie Stockton, managing partner at technical research firm Fairlead Strategist.

• 2023-08-01
• digital assets Bitcoin

Bitcoin Falls After Dow Sees Best Streak Since 2017. It’s a Bad Sign for Cryptos.

Having stagnated near $30,000 for weeks, Bitcoin is now falling back from support. It's more worrying because investors have been bidding up stocks.

• 2023-07-21
• digital assets stock market Bitcoin

Chainlink’s LINK Pops 15%, XRP Loses Steam as Bitcoin Revisits $29.6K Range Lows

Tech stocks such as Tesla and Netflix, which crypto prices tend to correlate with, sold off during the day as investors shied away from risk assets.

• 2023-07-21
• digital assets Chainlink

Bitcoin Stalls as Crypto Frenzy Over Ripple-SEC Ruling Cools

Bitcoin ripped to a 13-month high late last week after a key crypto court ruling, but the frenzy over digital assets has cooled since.

• 2023-07-17
• digital assets

First Mover Asia: Bitcoin Soars to One-Year High at $31.7K as Crypto Investors Savor Partial Ripple Victory

Ether and other major cryptos are swept upward in a banner day for crypto markets. PLUS: While the number of large bitcoin holders increases, bitcoin sent to exchanges continues to fall, writes CoinDesk's analysts.

• 2023-07-14
• digital assets Dave Weisberger Producer Price Index Crypto Prices SEC

Seoul prosecutors chasing Do Kwon establish crypto investigations team

The Seoul Southern District Prosecutors’ Office announced that it will launch the Virtual Asset Joint Investigation Unit at the end of this month.

• 2023-07-12
• digital assets Virtual Asset Joint Investigation Unit Seoul Southern District Prosecutor’s Office prosecutor’s office

UK to Exclude 'Unbacked’ Cryptocurrencies From Digital Securities Sandbox Initiative

The British government does not plan to modify the existing legislative framework for derivatives and unbacked cryptocurrencies like Bitcoin.

• 2023-07-11
• digital assets Treasury market efficiency Digital Securities Sandbox DSS crypto the UK Distributed Ledger Technology

Bitcoin Is Rising. How the July Fourth Holiday Could Help It to a 13-Month High.

With U.S. investors on vacation, low volumes could introduce choppy trading in cryptos, raising the prospect of a fresh local high for Bitcoin.

• 2023-07-04
• digital assets

Bitcoin Breaches $31,000 After Inflation Data. Traders Bet on More Crypto Gains.

and other cryptocurrencies were rising Friday as key inflation data buoyed investor sentiment, with crypto traders skewing bullish and betting on more gains for digital assets. The price of Bitcoin has climbed 1% over the past 24 hours, briefly topping $31,000 after the release of key U.S. inflation data and settling just below that level. The largest digital asset is close to its recent peak near $31,500, which represents Bitcoin’s highest level since last June.

• 2023-06-30
• digital assets investor sentiment bullish sentiment inflation data Bitcoin