It’s not easy to pick what crypto tokens to invest in. Conventional wisdom among crypto natives is that you shouldn’t think too hard about it — after all, coins named after dogs, frogs or cats will regularly outperform tokens tied to legitimate projects. But that state of affairs cannot last forever, according to Cosmo Jiang, […]

The crypto market is in recovery mode on Wednesday following a cascade of selling earlier in the week that for now appears to have flushed out much of the long leverage. The move higher comes alongside a sizable rally in the U.S. stock market following this morning’s Consumer Price Index report that matched economist forecasts.

One of the most significant factors for the crypto industry lies not in market dynamics, but in the political arena. Trump’s pro-crypto rhetoric certainly grabbed headlines, but the real catalyst for banks and other financial intermediaries is likely a Republican sweep in Congress, given that most of his pledges would require legislative approval. With strong

It has been a whirlwind. Bitcoin surpassing $100,000 may have been the champagne moment, but the digital asset class has had much to cheer about and digest since the Fed’s easing cycle began on September 18, and even more since the U.S. election. New incoming leadership at the SEC and other regulatory agencies, blockchain-savvy cabinet

<a href=”https://www.coindesk.com/indices/” target=”_blank”>CoinDesk Indices</a> presents its daily market update, highlighting the performance of leaders and laggards in the <a href=”https://www.coindesk.com/indices/cd20/” target=”_blank”>CoinDesk 20 Index</a>. The CoinDesk 20 is currently trading at 3744.31, up 5.2% (+185.86) since 4 p.m. ET on Tuesday. All 20 assets are trading higher. Leaders: RENDER (+13.5%) and ETC (+11.3%). Laggards: BTC (+2.4%)

XRP is hot and it is probably setting up for another big rally. That’s the message from the price chart and options market. The payments-focused cryptocurrency is down 10% this week. The pullback, however, has taken the shape of a bull flag. This technical analysis pattern usually slopes in the opposite direction of the preceding

By Omkar Godbole (All times ET unless indicated otherwise) If you’re waiting for a spark to ignite a Santa rally in bitcoin and the wider crypto market, today’s U.S. inflation release might just be it. Initially, I wasn’t sure the report matters anymore. Obsessing over prices feels so 2022, when inflation was through the roof

A trader turned $2,500 into $200,000 by buying XRP futures with 500x leverage on cryptocurrency exchange Rollbit on Tuesday. XRP jumped by 26% during U.S. trading hours after Ripple Labs, the company behind XRP, received “final” regulatory approval to offer the RLUSD stablecoin in the U.S. The savvy trader opened a position worth $2,560 when

Italy is set to trim its planned tax increase on crypto capital gains, <a href=”https://www.reuters.com/markets/currencies/italy-scale-back-tax-hike-cryptocurrency-capital-gains-lawmakers-say-2024-12-10/” target=”_blank”>Reuters reported on Tuesday</a>. Two months ago, the government was intent on raising the tax <a href=”https://www.coindesk.com/policy/2024/10/16/italy-to-raise-capital-gains-tax-on-crypto-to-42-from-26-reports” target=”_blank”>to 42% from 26%</a> by the end of December. “The tax increase will be significantly reduced during the parliamentary work,” lawmakers Giulio Centemero

XRP outperformed bitcoin and other major cryptocurrencies, with dogecoin (DOGE) leading losses in the past 24 hours before the release of U.S. inflation data later Wednesday. Bitcoin (<a href=”https://www.coindesk.com/price/bitcoin/ ” target=”_blank”>BTC</a>) remained steady around $98,000, while ether (<a href=”https://www.coindesk.com/price/ethereum/ ” target=”_blank”>ETH</a>), BNB Chain’s bnb, and Cardano’s ADA fell by as much as 2%. Memecoin DOGE