Author: Bradley Keoun

First Mover: As Ethereum Enthusiasm Builds, ‘Bear Case’ Could Still See Prices Double – CoinDesk

CoinDesk

Cryptocurrency markets are sending strong signals right now that the innovations coming from fast-emerging technologies like decentralized finance, or DeFi, could shake up the global order of banks and money managers and insurance companies.  A recurring theme at CoinDesk’s “invest: Read More

First Mover: Stimulus Winning as Biden Surges in Polls and Bitcoin Eyes $12K – CoinDesk

CoinDesk

The outcome of next month’s U.S. presidential election may not matter much for bitcoin’s price: Economic stimulus in the trillions of dollars is likely no matter who wins, bolstering the largest cryptocurrency’s appeal as a hedge against inflation.  President Donald Trump over the Read More

First Mover: Bitcoin ‘Comatose’ Under $16K For Rest of 2020, While Ether Traffic Eases – CoinDesk

CoinDesk

A slowdown in cryptocurrency trading on so-called decentralized exchanges has helped to alleviate congestion on the Ethereum blockchain, at least temporarily mitigating concerns that the network was becoming overloaded. The trading lull comes as prices tumble for many of the Read More

First Mover: Bitcoin Low Exchange Balance Looks Bullish but Chart Looks Bearish as $11K Nears – CoinDesk

CoinDesk

There’s a degree of transparency in cryptocurrencies that doesn’t exist in traditional markets like stocks and bonds: Thanks to data that’s easily extracted from blockchains, everyone can see everyone else moving their money around.  That means traders can keep an Read More

First Mover: Tron’s Play for WBTC Shows Competition to Relieve Ethereum Congestion – CoinDesk

CoinDesk

Compared with the traditional financial system, the cryptocurrency industry is evolving fast. Technologists are experimenting with the vast-reaching potential of blockchain. And regulation is typically immature, inconsistent and unevenly applied across international borders, allowing entrepreneurs to move fast and break things, Read More

First Mover: Federal Reserve Does What It Wants to Do as Bitcoin Hits $11K – CoinDesk

CoinDesk

Every time the Federal Reserve meets, it’s important to remember that the only real monetary policy tradition at the 107-year-old institution is that a bunch of people will get together and talk about markets and the economy and decide what to do next. Read More

First Mover: Bitcoin Investors the Sane Ones as Federal Reserve Cheers Inflation, Price Nears $11K – CoinDesk

CoinDesk

One of the interesting things about cryptocurrency investors is that they really do look at the world very differently from many of their counterparts in traditional finance.  The thinking goes something like this: The efforts of governments and central banks to Read More

First Mover: DeFi ‘Vampire’ SushiSwap Sucks $800M from Uniswap; BitMEX Basis Lags – CoinDesk

CoinDesk

You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team and edited by Bradley Keoun, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context every Read More

First Mover: Huobi Takes on OKEx in Futures, Opening New Front in ‘Chinese’ Rivalry – CoinDesk

CoinDesk

You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team and edited by Bradley Keoun, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context every Read More

First Mover: Anything-Goes Token Market Repudiates Rich-Only Venture Capital Club – CoinDesk

CoinDesk

Price point Bitcoin was up slightly at about $11,776 early Monday, rising along with European equities, stock futures, gold, copper and oil amid optimism over a coronavirus vaccine and treatments. The dollar weakened.  The largest cryptocurrency is coming off a 2.2% Read More

As Wall Street Goes Topsy-Turvy, Crypto Traders Are Bullish as Ever

CoinDesk

As the coronavirus takes its devastating toll on the U.S. economy, financial pros are increasingly confounded by the markets.  The economy is in its worst shape since the early 20th century, and stocks are soaring. The U.S. government’s borrowing is expected to triple to a Read More

First Mover: Bitcoin Hits $12K as Trump Orders Checks for Unemployed (Voters) – CoinDesk

CoinDesk

Bitcoin climbed above $12,000 early Monday, before dipping once more, as traders weighed U.S. President Donald Trump’s move to provide emergency aid amid new signs that the labor market recovery is stalling.  The oldest and largest cryptocurrency is up 63% on Read More

First Mover: Why Bitcoin Traders Couldn’t Give a Sat About the Twitter Hack – CoinDesk

CoinDesk

Cryptocurrency traders yawned at one of the year’s biggest news stories for bitcoin, with prices barely budging as the digital-asset industry became a primary victim of this week’s massive hack on Twitter accounts. The notoriously volatile bitcoin slid just 0.8% Read More