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AVAX Rises 3% in V-Shaped Recovery, Defies Middle East Uncertainty

Avalanche’s token AVAX has gained 3.1% in the last 24 hours and appears to be undergoing a V-shaped recovery even as the war between Iran and Israel continues, according to CoinDesk research’s technical analysis model. The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins […]

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NEAR Surges 6% to Break Key Resistance

NEAR Protocol has emerged as a bright spot in the cryptocurrency sector, surging 6.1% over the past 24 hours despite the uncertain macroeconomic environment. The token established solid support at $2.174 before decisively breaking above the $2.300 resistance level with above-average trading volume. The recovery comes after a market-wide sell-off last week due to the

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U.S.-Listed Bitcoin Miners’ Share of Network Hashrate Hit Record High in June: JPMorgan

The total hashrate of the 13 U.S.-listed bitcoin BTC miners tracked by JPMorgan (JPM) now accounts for around 31.5% of the global network, the highest level on record, the bank said in a research report on Monday. These miners added 11 exahashes per second (EH/s) of capacity since April, led by CleanSpark (CLSK), Hive Technologies

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Home on the (BTC) Range

Hi. I’m Andy Baehr with the CoinDesk Indices team. Question: Bitcoin is stuck in a range. Is that a bad thing or a good thing? Even casual BTC watchers will have noted the ten percent channel that has held for more than a month. As of today, in fact, it has been 40 days since

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OCC Green-Lights Crypto Activities for Banks

In recent months, the federal Office of the Comptroller of the Currency (OCC) has signaled a more permissible regulatory stance towards national banks and federal savings associations (collectively, banks) engaging in crypto-asset activities. “I will continue to work diligently to ensure regulations are effective and not excessive, while maintaining a strong federal banking system,” said

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Crypto Exchange WhiteBIT’s Token Jumps 30% Over Juventus Partnership

The price of cryptocurrency exchange WhiteBIT’s token, WhiteBIT Coin WBT, climbed more than 30% in the last 24 hours after the exchange announced a high-profile partnership with Italian football club Juventus. Under a new three-year deal, WhiteBIT became the “official cryptocurrency exchange” and “official sleeve partner” of Juventus, according to a press release. Starting with

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CoinDesk 20 Performance Update: Solana (SOL) Jumps 7.3% as All Assets Trade Higher

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3122.1, up 3.6% (+109.09) since 4 p.m. ET on Friday. All 20 assets are trading higher. Leaders: SOL (+7.3%) and XRP (+6.1%). Laggards: POL (+0.8%) and AAVE (+1.2%). The

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