The bitcoin market has gone comatose today with a key volatility reading hitting fresh yearly lows. The daily bitcoin volatility, as represented by the spread between the daily price high and price low (as per UTC), currently stands at $84…
Tag: Markets
Crypto Trading 101: An Introduction to Support and Resistance
New to crypto trading? Read CoinDesk’s full set of guides. Are you a crypto trader struggling to find a footing in a volatile crypto market? If yes, then the first thing you need to master is the art of identifying…
Crypto Trading 101: Simple Charting Patterns Explained
In the world of crypto trading, recognizing patterns can yield more than insights. In fact, this skill is what traders use to determine the strength of a current trend during key market movements and to assess opportunities for entries and exits.…
First Crypto Firm IPO on London Stock Exchange Raises $32.5 Million
A crypto mining company has raised £25 million (about $32.5 million) through an IPO on the London Stock Exchange (LSE). U.K.-based Argo Mining (ticker: ARB), which provides “accessible” crypto mining via a subscription service, is the first crypto company to be…
NYSE Parent ICE’s New Futures Contract Will Deliver Real Bitcoin
Intercontinental Exchange (ICE), the Atlanta-based firm that owns the New York Stock Exchange, announced Friday that it plans to launch a digital assets platform and a bitcoin futures product. Called Bakkt, the platform will leverage Microsoft’s cloud to build “an…
Bitcoin Awaits Price Breakout As Trading Range Tightens
The price of bitcoin (BTC) is stuck in a $400 range defined by key technical levels, and the direction of the breakout will likely set the tone for the next move in the cryptocurrency. The trading range’s lower end is…
Bitcoin Price Risks Another Fall Below $6K, Charts Say
After a drop yesterday, bitcoin (BTC) risks another move below $6,000 in the next 24 hours, but it will still likely fare better than other cryptocurrencies. On Tuesday, bitcoin closed (as per UTC) below the immediate support of $6,108 (June…
Crypto Trading 101: A Beginner’s Guide to Candlesticks
That kid you know who’s now driving a Lambo because he traded something called dogecoin? He has more in common with Japanese rice traders from the 1700s than you might think. Besides the ability to brag about their newfound riches,…
Bitcoin Price Steady Above $6K Despite Bithumb Hack
Bitcoin (BTC) suffered a minor dip last night after it was revealed that hackers had again breached a major cryptocurrency exchange, but the charts still favor a corrective rally to $7,000. The cryptocurrency fell from $6,740 to $6,560 after Bithumb…
$7,000? Bitcoin Looks North After Six-Day High
Despite the bearish chart setup, bitcoin (BTC) rose to a six-day high on Monday, putting a corrective rally to $7,000 back on the map. The leading cryptocurrency unexpectedly picked up a bid around $6,450 at 16:00 UTC yesterday and rose…