Good morning. Here’s what’s happening:Market moves: Bitcoin was trading at over $36,000 on Sunday after continuing its recent decline earlier in the weekend.Technician's take: BTC is stabilizing on intraday charts, although $30,000 is a more significant level to watch given the decline in long-term momentum.Catch the latest episodes of CoinDesk TV for insightful interviews with … [Read more...] about First Mover Asia: Bitcoin, Ether Regain Ground Sunday After Early Weekend Battering
Weekend
Bitcoin Rides $46K-$48K Weekend Tide After ‘Crypto Witching Day’
On Friday, about 115,000 bitcoin options and roughly 882,000 ether options contracts, worth a total notional value of $8.67 billion, expired, according to Cayman Islands-based crypto financial services firm Blofin. After the settlement was completed, bitcoin’s price briefly went up sharply to above $48,000 on some exchanges, crypto trading data platform aICoin tweeted on Dec. … [Read more...] about Bitcoin Rides $46K-$48K Weekend Tide After ‘Crypto Witching Day’
Bitcoin’s Price Remains Boxed In Below $51K Over Holiday Weekend
On Wednesday, we recapped how Tesla’s bitcoin acceptance and Coinbase’s direct listing helped send bitcoin’s price to a new all-time high near $65,000, which turned out, in hindsight, to be the market peak. Today, we’ll show how some traders and investors began to cash out in April and May as concerns mounted over U.S. capital gains taxes, bitcoin’s environmental footprint and … [Read more...] about Bitcoin’s Price Remains Boxed In Below $51K Over Holiday Weekend
First Mover Asia: Bitcoin, Ether Have a Quiet Weekend
Good morning. Here’s what’s happening this morning:Market moves: Bitcoin, ether traded steady over the weekend, while luna surged to near a record high.Technician’s take: Short-term BTC buying could be limited given negative momentum on the weekly chart.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin … [Read more...] about First Mover Asia: Bitcoin, Ether Have a Quiet Weekend
First Mover Asia: Bitcoin Bounces Above $50K Amid Light Weekend Trading, Altcoins Kick Higher
(Edited by James Rubin)Good morning. Here’s what’s happening this morning:Market moves: Bitcoin returned above $50,000 after the S&P 500 rose to a near record high.Technician’s take (Editor’s Note): First Mover Asia replaces the usual Technician’s Take today with CoinDesk’s annual list of the most influential people in cryptocurrency. This year’s group of 50 influencers … [Read more...] about First Mover Asia: Bitcoin Bounces Above $50K Amid Light Weekend Trading, Altcoins Kick Higher