Latest news with #CoinDesk20
Yahoo
2 days ago
- Business
- Yahoo
CoinDesk 20 Performance Update: SUI Drops 4.6%, Leading Index Lower
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 2982.19, down 0.6% (-17.53) since 4 p.m. ET on Wednesday. Three of 20 assets are trading higher. Leaders: BCH (+2.7%) and ETH (+0.5%).Laggards: SUI (-4.6%) and HBAR (-3.5%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Bitcoin Rises Past $107K as FHFA's Pulte Orders Crypto Consideration in Mortgage Applications
Bitcoin BTC continued its gentle rise on Wednesday as Fannie Mae and Freddie Mac — which play a pivotal role in issuing mortgages to U.S. homeowners — were ordered by the William Pulte, Director of the Federal Housing Finance Agency (FHFA), to prepare to accept cryptocurrencies as part of applicants' assets. Back above $107,000, the top cryptocurrency is up 2.2% in the last 24 hours, and outperforming the CoinDesk 20's 0.5% advance. Bitcoin Cash (BCH) was a notable outperformer, rising 7.4%. Alongside, BTC's dominance keeps going up, now with almost 66% of the total crypto market value now parked in the orange coin, up from 39% in November 2023. Today's move may be partially due to FHFA Director William Pulte sharing on social media that borrowers would soon be able to take advantage of their crypto holdings for loan purposes. "This is important on two levels," Strive CEO Matt Cole posted on X. "[It] makes it substantially easier for holders of bitcoin to purchase a house without selling their bitcoin. [And] the U.S. government is taking Bitcoin risk on its own book as the U.S. government implicitly guarantees Fannie/Freddie mortgage loans." The ceasefire secured by Trump between Israel and Iran may also be pushing bitcoin's price higher, despite the asset's reputation as a potential safe haven investment. 'Gold likes war, while bitcoin prefers peace,' said Charlie Morris, founder of financial services firm ByteTree. 'Gold peaked ahead of hostilities in the Middle East, while bitcoin sank. Once it seemed likely that military actions were contained, bitcoin rallied, and gold dropped back.' Crypto stocks, meanwhile, have remained relatively subdued, with the notable exceptions of bitcoin miner CleanSpark (CLSK), up 6.7%, while fellow miner CoreWeave (CORZ), slid the same amount. There was also Circle (CRCL), which declined another 11% today and is now down by about 33% since peaking Monday just shy of $300 per share. At the current $198.62, the stock is still up more than six-fold from its IPO price of $31.
Yahoo
3 days ago
- Business
- Yahoo
CoinDesk 20 Performance Update: Bitcoin Cash (BCH) Gains 6.0%, Leading Index 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 2996.59, up 0.5% (+15.68) since 4 p.m. ET on Tuesday. Seven of 20 assets are trading higher. Leaders: BCH (+6.0%) and SOL (+1.8%).Laggards: APT (-2.7%) and AAVE (-1.6%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
Yahoo
3 days ago
- Business
- Yahoo
CoinDesk 20 Performance Update: Chainlink (LINK) Gains 8.4%, Leading Index 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 2967.37, up 4.0% (+114.4) since 4 p.m. ET on Monday. All 20 assets are trading higher. Leaders: LINK (+8.4%) and NEAR (+8.2%).Laggards: LTC (+1.6%) and BCH (+2.0%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
Yahoo
4 days ago
- Business
- Yahoo
AVAX Gains 8%, but Faces Short-Term Resistance
Avalanche's AVAX has surged 8.2% in 24 hours, climbing from $16.29 to $18.50, establishing strong support at $18.03, but facing resistance at the $18.47-$18.50 zone, 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 — has risen 6.3% in the same period of time. Technical Analysis • The price action formed a clear uptrend with higher lows establishing support at $18.03, while significant volume spikes at the $17.40 and $18.07 levels confirmed strong buyer interest. • A notable resistance zone emerged around $18.47-$18.50, where profit-taking occurred after the initial surge, though the asset maintained most of its gains and appears poised for further upside if it can break through this level with sustained volume. • In the last 60 minutes, AVAX exhibited notable volatility with a clear downtrend, falling from $18.24 to $18.19, representing a 0.28% decline. • The asset experienced significant price swings, reaching a high of $18.64 before encountering strong selling pressure that drove prices down to $18.14. • A brief recovery attempt formed with three consecutive green candles, but this rally failed at resistance, confirming the bearish sentiment that has dominated the latter part of the session. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
