Everything you need to make sense of the crypto markets and beyond By the CoinDesk Markets Team Edited by Lawrence Lewitinn, Managing Editor, Global Capital Markets July 7, 2021 (Price data as of July 7 @11:00 UTC) If you were forwarded this newsletter and would like to receive it, sign up here.
Good morning, and welcome to First Mover. Here's what's happening this morning:
And check out the CoinDesk TV show "First Mover," hosted by Michael Casey, Emily Parker and me at 9:00 a.m. U.S. Eastern time. Today the show will feature guests:
– Lawrence Lewitinn
Biggest Movers These are the biggest movers in the CoinDesk 20 over the past 24 hours:
Gainers:
Losers:
The CoinDesk 20 are 20 digital assets filtered from the larger universe of thousands of cryptocurrencies and constitute roughly 99% of the market by volume at eight of the largest and most trustworthy exchanges.
Market Moves by Omkar Godbole Bitcoin Price Consolidation May Be Nearing the End, Indicator Suggests Bitcoin may soon move out of its seven-week trading range of $30,000 to $40,000, with an indicator tracking the cyclical nature of price volatility suggesting a big move is overdue.
Bitcoin's daily chart (Source: TradingView)
Read the original story here: Bitcoin Price Consolidation May Be Nearing the End, Indicator Suggests
A message from AAX Powered by London Stock Exchange Group Technology, AAX offers a wide range of crypto products and services, including spot and futures for over 60 trading pairs, P2P fiat trading, high yield savings, research, education, OTC and more institutional offerings.
Make the most out of your crypto holdings. Grow with AAX.
Technician's Take by Damanick Dantes, CMT Bitcoin Upside Stalls Near Resistance; Support at $33K-$34K Bitcoin (BTC) held support around $34,000 on Tuesday, but buyers took some profit just shy of the $35,000-$36,000 resistance zone. The cryptocurrency is up about 2% over the past 24 hours and remains in a tight trading range.
Buyers could defend support levels and attempt to break the 50-day moving average around $36,000. A breakout from the trading range would yield further upside towards $40,000 as momentum improves. Bitcoin hourly price chart shows short-term support and resistance levels with RSI (Source: TradingView)
Read the original story here:
A message from Unique.One Unique.One, a non-profit, next-generation, purely decentralized NFT Art Marketplace, supports artists rather than profiting from them. In celebration of the successful launch of its new auction platform, Unique One is sponsoring artists to mint gas-free. Any artist can mint one NFT on the Unique One Etherum v2 platform to enter. Winners will receive ETH for gas to mint 5 additional NFTs sponsored by the Unique One Community. Visit Unique.One Gas Free July for more details.
BOLO Be on the look out for some of these upcoming events:
The cryptocurrency movement has never been so sprawling, reaching every corner of the planet. Crypto State by CoinDesk aims to connect with local communities to explore this movement of financial disruption and how it trickles down to every corner of the globe, from DeFi investment opportunities to alternative ways to transact and store wealth. We're making virtual stops with audiences in Nigeria, the Middle East and Southeast Asia this year. Register for the Crypto State virtual tour.
ICYMI In case you missed it, here are the most recent episodes of "First Mover" on CoinDesk TV:
$70M Bitcoin Ransom Demand in New Ransomeware Attack, China Steps Up Anti-Crypto Rhetoric "First Mover" dives into today's top stories, including the ransomeware attack against an IT company that has rippled through to hundreds of U.S. businesses and companies around the world. Plus, China's crackdown against the crypto industry continues, temporarily affecting bitcoin's price. Joining the show to discuss markets and other news are Esteban Castaño of TRM Labs, a blockchain intelligence firm; Nischal Shetty of WazirX, India's largest crypto exchange; and Cross Tower analyst Martin Gasper.
The Investor’s Perspective on the Bitcoin Taproot Upgrade
Taproot is a bundle of three upgrades to Bitcoin aimed at improving network security, privacy and scalability. At the same time, it poses some potential drawbacks to Bitcoin including risks of low adoption, unintended privacy shortcomings and Bitcoin community disappointment and fracturing. CoinDesk Research's newest report dives into the economic impact and investment implications of the Taproot upgrade.
Latest Headlines
Disclaimer: The information presented in this message is intended as a news item that provides a brief summary of various events and developments that affect, or that might in the future affect, the value of one or more of the cryptocurrencies described above. The information contained in this message, and any information liked through the items contained herein, is not intended to provide sufficient information to form the basis for an investment decision. The information presented herein is accurate only as of its date, and it was not prepared by a research analyst or other investment professional. You should seek additional information regarding the merits and risks of investing in any cryptocurrency before deciding to purchase or sell any such instruments. ATTENTION: Scammers have been sending fraudulent emails with links to sites disguised to look like coindesk.com. If you are in doubt about a link, type https://www.coindesk.com directly into your browser; do not copy and paste. Remember, if something seems too good to be true, it probably is.
First Mover
A newsletter from CoinDesk Copyright © 2021 CoinDesk, All rights reserved.
250 Park Avenue South New York, NY 10003, USA You can manage your preferences here or unsubscribe from all CoinDesk email. |