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April 7, 2023

The latest moves in crypto markets, in context

By Lyllah Ledesma, CoinDesk reporter

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Hello, and welcome to a holiday edition of First Mover.

In today's newsletter, we want to share a short roundup of some of the most popular markets news coverage and analysis that we have released this week.

To receive an update on the latest cryptocurrency prices, you can visit the following CoinDesk price pages:

CoinDesk Market Index (CMI), the broad measure of crypto returns
Bitcoin (BTC)
Ethereum (ETH)

We'll be back to our usual scheduled programming on Monday, Apr. 10, 2023.

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Crypto Investors Unmoved by Revised Jobless Data

Jobless claims beat expectations by an even wider margin than in the initial report, after a revision Thursday. Crypto investors largely ignored the change, although the increasing jobless figures bode well for the market.

Dogecoin Drops After Elon Musk's Twitter Stops Using Its Dog Logo

DOGE surged on April 3 after Elon Musk's social-media company inexplicably removed its blue bird logo, replacing it with dogecoin's mascot.

Read more

Ether Holds Near $1.9K as Shanghai Fork Approaches

ETH’s price slid 1.5% on Thursday, the day after reaching its nine-month high. The Ethereum upgrade is expected to occur April 12.

Read more

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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.