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 May 21, 2021 (Price data as of May 21 @11:00 UTC) If you were forwarded this newsletter and would like to receive it, sign up here.
Good morning. Here's what we're writing about:
Check out the CoinDesk TV show "First Mover," hosted by Christine Lee, Lawrence Lewitinn and Emily Parker, at 9 a.m. U.S. Eastern time. Today the show will feature guests:
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 Institutional Bitcoin Buying Spiked Around Wednesday’s Crash
Daily transfer volume from OTC desk wallets (Source: Glassnode)
Bitcoin: Seven-day average of daily transfer volume from OTC desks (Source: Glassnode)
Read the original story here: Institutional Bitcoin Buying Spiked Around Wednesday’s Crash
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Technician's Take by Damanick Dantes Bitcoin Stabilizes at Support; Faces Resistance at $45K
Daily bitcoin chart shows support and resistance levels with oversold RSI (Source: TradingView)
Original story found here: Bitcoin Stabilizes at Support; Faces Resistance at $45K
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BOLO Be on the look out for these upcoming events:
A message from CoinDesk Will bitcoin pump? Is a pullback around the corner? Is ether a better way to position? Next week at Consensus by CoinDesk, our virtual big-tent conference, we help investors hone their skill sets with trading and yield generation strategies. investment theses and market intelligence and get up to speed on crypto market developments. Join our Explorations track "Trade Secrets" with Philip Gradwell of Chainalysis, Matthew Roszak of Bloq, Darius Sit of QCP Capital and more at Consensus by CoinDesk, May 24-27. Register today.
ICYMI In case you missed it, here's the most recent episode of "First Mover" on CoinDesk TV:
Voyager’s CEO on Bitcoin Price Reversal, Exchange Challenges, Crypto Outlook Bitcoin and ether prices are climbing back up as traders look for direction. Voyager CEO Stephen Ehrlich discusses what happened in markets this week and what's next. Grant Whitlock of crypto-asset broker GlobalBlock in London also joins "First Mover" to give his analysis. Plus, Jaime Leverton of Canadian mining firm Hut 8 in Toronto weighs in on the bitcoin mining energy debate.
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