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Bitcoin News Roundup for Sept. 25, 2020
25.9.2020
With bitcoin's best day in two months and a surprisingly positive report out of Chinese state media, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
On-Chain Data Suggests Ether Investors Bought September Dip
25.9.2020
Ether's recent price drop has failed to deter investors from accumulating the cryptocurrency, on-chain data indicates
Pantera Capital Crypto Funds Report 100% Returns Amid DeFi Craze
25.9.2020
Investments in decentralized finance (DeFi) drove returns exceeding 100% this year to Pantera Capital’s bitcoin index and altcoin hedge funds
Bitcoin’s Bearish September Has Kneecapped Crypto ETP Activity: Report
25.9.2020
Bitcoin's price woes this month likely put investors off from purchasing crypto ETPs, pushing volumes into a nosedive
Cross-chain money markets, latest attempt to bring liquidity to DeFi
25.9.2020
Cross-chain money markets hope to drive liquidity to DeFi for top-performing assets, but will the concept catch on?
First Mover: Tron’s Play for WBTC Shows Competition to Relieve Ethereum Congestion
25.9.2020
Competition builds in market for tokenized bitcoin, used to get extra profit off holdings of the cryptocurrency recently denigrated as a "pet rock."
Up 5%: Bitcoin Sees Biggest Single-Day Price Gain for 2 Months
25.9.2020
Bitcoin is eyeing a bull revival above the psychological resistance of $11,000, but a strengthening dollar could put a spanner in the works
China State Media Make Rare Reports Calling Crypto 2020’s Best Performing Asset
25.9.2020
Several Chinese state-owned media have made unusual coordinated reports describing cryptocurrencies as the year's top performing investment
Decoupling? Bitcoin vs. gold ratio snaps out of 3-year bear market
25.9.2020
A long-term downtrend flips to form bullish support as Willy Woo says Bitcoin’s days of tracking traditional markets are numbered
Bitcoin Is Undervalued, Fair Value Price Should Be $15,000, Says Analyst
25.9.2020
Bloomberg cryptocurrency analyst Mike McGlone says bitcoin is greatly undervalued, suggesting that its fair value price should currently be somewhere around $15,000. The price of bitcoin (BTC) has see-sawed between $10,000 and $12,400 over the last few weeks, often tumbling sharply following what...
Stablecoins Hit $20B Milestone, a Nearly 300% Year-to-Date Surge
25.9.2020
The total value of stablecoins has now surpassed $20 billion, reflecting the growing demand of investors looking to hedge their risks in both crypto and traditional markets amid the coronavirus pandemic
3 reasons why traders turned bullish after Bitcoin price surged to $10.7K
25.9.2020
Analysts are cautiously bullish on Bitcoin price after BTC surged 6% to $10,750
Market Wrap: Bitcoin Hits $10.7K; Options Market Likes Sub-$360 Ether
24.9.2020
Bitcoin’s price popped Thursday while options traders take bearish ether October bets
Record WBTC Mint Completed by Three Arrows Capital as Demand for Bitcoin on Ethereum Continues to Grow
24.9.2020
The Singapore-based firm minted 2,316 WBTC Thursday afternoon
Bitcoin News Roundup for Sept. 24, 2020
24.9.2020
With bitcoin markets looking weak alongside a strengthening dollar, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
Bitcoin Options Open Interest Hits Record High in Expiry Week
24.9.2020
Bitcoin's options market is more popular than ever with record open interest of more than $2.10 billion
Bitcoin may see relief rally to $11K after Dollar Strength Index soars
24.9.2020
Bitcoin price still has a CME futures gap unfilled at $9,600 but that doesn’t mean $11K won’t be reclaimed soon
Chainlink Token Down 60% in Under 40 Days: Opponents Ask If the Bubble Has Finally Burst?
24.9.2020
After reaching an all-time high of $19.20 on August 14, the Chainlink token now trades lower after losing more than 50% in value in just over a month. The token, which briefly overtook Bitcoin Cash as the fifth-ranked crypto in market capitalisation terms, was ranked 9th on Markets.Bitcoin.com...
Uniswap Users Have Claimed $560M-Worth of UNI Tokens in a Week
24.9.2020
Dune Analytics data shows nearly 80% of the current UNI token supply has so far been snapped up by eligible Uniswap wallet addresses
First Mover: Federal Reserve, Congress Play Game of Chicken Over Stimulus as Market Lurches
24.9.2020
Markets from stocks to bitcoin have groaned amid dimming prospects for more U.S. stimulus, and neither Congress nor the Fed are taking the lead