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 25, 2021 (Price data as of May 25 @11:00 UTC) If you were forwarded this newsletter and would like to receive it, sign up here.
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Check out the CoinDesk TV show "First Mover," hosted by Christine Lee, Lawrence Lewitinn and Emily Parker, at 8:30 a.m. U.S. Eastern time. Today the show will feature guests:
Then be sure to catch a special edition of First Mover at 11:00 a.m. ET featuring 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 Number of Bitcoin Holders Shoots to Record High, Data Show The number of bitcoin (BTC) addresses in accumulation has risen to a record high as investors with long-term horizons take advantage of the recent price drop to boost their coin stashes. Bitcoin: number of accumulation addresses vs. balance held in accumulation addresses (Source: Glassnode)
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Technician's Take by Damanick Dantes Bitcoin Struggles at Resistance; Support at $35K Bitcoin (BTC) approached resistance just below $40,000 on Monday as sellers were quick to return. The near 20% price rise from Sunday’s low around $31,000 was short-lived as intraday charts registered overbought signals.
Bitcoin could find initial support around $35,000, although upside remains limited toward $40,000 resistance.
Four-hour bitcoin chart shows short-term support and resistance levels with RSI (Source: TradingView)
Original story found here:
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BOLO Be on the look out for some of these upcoming events at Consensus 2021. More events can be found here.
A message from CoinDesk Will bitcoin continue to pump? Is a pullback around the corner? Is ether a better way to position? This 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," sponsored by Bitstamp, with Philip Gradwell of Chainalysis, Matthew Roszak of Bloq, Darius Sit of QCP Capital and more at Consensus by CoinDesk, running to May 27. Register today.
ICYMI In case you missed it, here's the most recent episode of "First Mover" on CoinDesk TV:
"First Mover" hosts unpack the keynote speech by Bridgewater Associates founder Ray Dalio at Consensus by CoinDesk 2021, where Dalio says, “Personally, I’d rather have bitcoin than a bond” during an inflationary scenario. Wyoming Governor Mark Gordon talks regulation from a local standpoint, and Tommaso Mancini - Griffoli of the IMF takes that conversation one step further and looks at crypto regulation across borders. Tom Kysar, Director of Operations at Augur Turbo, discusses decentralized sports betting.
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