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Stephen Alpher

Stephen Alpher

Stephen is CoinDesk's managing editor for Markets. He previously served as managing editor at Seeking Alpha. A native of suburban Washington, D.C., Stephen went to the University of Pennsylvania's Wharton School, majoring in finance. He holds BTC above CoinDesk’s disclosure threshold of $1,000.

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Funding rate suggests bitcoin correction not over (CryptoQuant)
Markets
Cryptoquant
Near Record High Funding Rate Suggests Bitcoin Pullback Not Over
The recent dip in price doesn't appear to have dented optimism from traders betting on a continued bull run.
Funding rate suggests bitcoin correction not over (CryptoQuant)
By Stephen Alpher
Apr 4, 2024 at 4:21 p.m. UTC
Apr 4, 2024
CryptoQuantBitcoinFunding rate
Bitcoin price action continues to be choppy (Creative Commons, modified by CoinDesk)
Markets
Bitcoin
Choppy Bitcoin Price Action Continues Ahead of Friday's Jobs Report
Flows into the new spot ETFs have been subdued for a couple of weeks, possibly prompting a renewed interest in macro drivers for price direction.
Bitcoin price action continues to be choppy (Creative Commons, modified by CoinDesk)
By Stephen Alpher
Apr 3, 2024 at 8:00 p.m. UTC
Apr 3, 2024
BitcoinCoinDesk 20Federal ReserveInflationMarket Wrap
The DOJ seized about 50K Silk Road bitcoin in late 2022 (Shutterstock)
Markets
Bitcoin
Silk Road Bitcoin Worth $2B Moved by U.S. Government: On-Chain Data
The last confirmed government sale was just more than a year ago.
The DOJ seized about 50K Silk Road bitcoin in late 2022 (Shutterstock)
By Stephen Alpher
Apr 2, 2024 at 4:13 p.m. UTC
Apr 2, 2024
BitcoinSilk Road
Tether 's logo painted on a wooden background.
Markets
Tether
Tether Added Nearly 8.9K Bitcoin to Holdings in First Quarter: On-Chain Data
The stablecoin issuer's BTC stack now tops 75,000 tokens worth about $5 billion.
Tether 's logo painted on a wooden background.
By Stephen Alpher
Apr 1, 2024 at 3:22 p.m. UTC
Apr 1, 2024
TetherBitcoinStablecoins
Macro risk returns (Getty Images)
Markets
Inflation
Bitcoin Sells Off 3%; Is Macro Risk Returning to Market?
U.S. economic data on Thursday has sent interest rates and the dollar higher.
Macro risk returns (Getty Images)
By Stephen Alpher
Mar 14, 2024 at 4:11 p.m. UTC
Mar 14, 2024
InflationBitcoinInterest Rates
Michael Saylor, executive chairman of MicroStrategy (Michael.com)
Finance
Microstrategy
Michael Saylor's MicroStrategy Raising Another $500M to Buy More Bitcoin
The debt offering comes just days after the company closed on an $800 million capital raise, also with proceeds used to buy bitcoin.
Michael Saylor, executive chairman of MicroStrategy (Michael.com)
By Stephen Alpher
Mar 13, 2024 at 9:00 p.m. UTC
Mar 13, 2024
MicroStrategyMichael SaylorMSTRBitcoin
February inflation figures were released Tuesday (Frederick Warren/Unsplash)
Finance
Cpi
U.S. CPI Unexpectedly Rises to 3.2% Annual Pace in February
Stubbornly high inflation so far in 2024 appears to be standing in the way of the Fed's willingness to begin cutting rates.
February inflation figures were released Tuesday (Frederick Warren/Unsplash)
By Stephen Alpher
Mar 12, 2024 at 12:37 p.m. UTC
Mar 12, 2024
CPIConsumer Price IndexBitcoinbtc
Bill Ackman (Bryan Bedder/Getty Images )
Finance
Bitcoin
Billionaire Hedge Funder Bill Ackman Mulls Bitcoin
The activist investor has previously mostly steered clear of any involvement in crypto.
Bill Ackman (Bryan Bedder/Getty Images )
By Stephen Alpher
Mar 9, 2024 at 10:49 p.m. UTC
Mar 9, 2024
BitcoinMichael SaylorBill ackman
U.S. employment data for February was reported Friday morning (Getty images)
Finance
Employment
U.S. Added 275K Jobs in February; Unemployment Rate Unexpectedly Rose to 3.9%
So far in 2024, bitcoin's concerns about the path of the economy or interest rates have taken a back seat to the overwhelming demand from the spot ETFs.
U.S. employment data for February was reported Friday morning (Getty images)
By Stephen Alpher
Mar 8, 2024 at 1:33 p.m. UTC
Mar 8, 2024
EmploymentInterest RatesEconomyBitcoin
rocket lifting off
Markets
Bitcoin
Bitcoin Soars to New All-Time High Above $69K
The success of the spot ETFs which opened for business on Jan. 11 was the catalyst for this latest bull run for the world's largest crypto.
rocket lifting off
By Stephen AlpherSam Reynolds
Mar 5, 2024 at 3:03 p.m. UTC
Mar 5, 2024
BitcoinbtcBitcoin ETF