Category: CoinDesk
The bearish pattern hints at a further correction. Source: https://www.coindesk.com/markets/2024/06/24/bitcoins-double-top-suggests-btc-could-fall-to-50k-analyst/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Constantly diluting supply with token unlocks, selling pressure from venture funds, lack of fresh inflows to crypto and seasonal trends all contributed to the brutal drawdown in altcoin prices. …
Tokenization adoption will happen in waves led by assets such as mutual funds, bonds, loans, McKinsey said in a report. Source: https://www.coindesk.com/markets/2024/06/21/mckinsey-sees-just-2t-of-tokenized-rwas-by-2030-in-base-case-with-broad-adoption-still-far-away/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Michael Saylor and Dell engaged in a brief back-and-forth on X on Friday morning. Source: https://www.coindesk.com/business/2024/06/21/billionaire-tech-ceo-michael-dell-signals-bitcoin-interest-via-michael-saylor-retweet/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Dismal bitcoin price action has apparently caused crowd sentiment for four straight weeks, a sign that may spell relief for bulls in the near term. Source: https://www.coindesk.com/markets/2024/06/21/bitcoin-slumps-under-64k-amid-historic-negative-sentiment/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Osmosis is achieving this through a revenue-share proposal with Bitcoin bridge Nomic. Source: https://www.coindesk.com/tech/2024/06/21/cosmos-dao-osmosis-to-adopt-fee-free-bitcoin-bridge/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Generally, increased liquidity leads to a tighter bid-ask spread, but that’s not the case with meme coins. Source: https://www.coindesk.com/markets/2024/06/21/meme-coin-liquidity-hits-record-high-even-as-bid-ask-spread-spotlights-risk/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The two House members said Tigran Gambaryan is being wrongfully detained and should be freed. Source: https://www.coindesk.com/policy/2024/06/21/us-lawmakers-visit-detained-binance-exec-in-nigeria-call-for-release/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Standard Chartered would become one of the first global banks to enter spot cryptocurrency trading. Source: https://www.coindesk.com/business/2024/06/21/standard-chartered-is-building-a-spot-btc-eth-trading-desk-bloomberg/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Thursday marked the fifth straight day of net outflows for the U.S.-listed ETFs in their worst performance since mid April. Source: https://www.coindesk.com/markets/2024/06/21/bitcoin-etfs-record-900m-in-net-outflows-this-week/?utm_medium=referral&utm_source=rss&utm_campaign=headlines