Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Market news
On Wednesday, bitcoin (BTC) returned above the USD 24,000 level for the first time in more than a month. At 15:18 UTC, BTC traded near USD 24,150 and was up 6% in a day and 25% in a week. The price is still down 22% in a year. While this "rally is strong" and BTC crossed above its 50-day moving average this week for the first time since April, Katie Stockton, co-founder of Fairlead Strategies, was quoted as saying by Bloomberg that it might be premature to call this latest leg higher the start of a meaningful reversal. Stockton said she’s watching for a break above USD 25,000 for signs it’s sustainable, as well as a weekly "buy" signal from an indicator called MACD, a momentum gauge.
Exchanges news
Coinbase said it had no financing exposure to troubled crypto companies Celsius, Three Arrows Capital, Voyager. However,...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...