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Bitcoin price on Aug 5 (CoinDesk)
Markets
Markets

Bitcoin Bounces to $53K After Brutal Sell-Off Reminiscent of Covid Crash

Bitcoin's 30% decline in a week was for some observers reminiscent of the March 2020 crash, but there's been multiple occasions of similar drawdowns during previous bull marke...

Bitcoin price on Aug 5 (CoinDesk)
By Krisztian Sandor
Aug 5, 2024 at 7:31 p.m. UTC
Aug 5, 2024
MarketsBitcoinMarket Wrap
(New York Public Library)
Markets
Analysis
Is Bitcoin Still a Store of Value?
It depends on what you're trying to protect that value from. Market meltdowns like Monday's? No. Confiscation or monetary inflation? Maybe.
(New York Public Library)
By Marc Hochstein
Aug 5, 2024 at 6:57 p.m. UTC
Aug 5, 2024
AnalysisBitcoin Pricestore of valueGold
AMBLER, PENNSYLVANIA - JULY 29: Pennsylvania Governor Josh Shapiro speaks during a campaign rally for Vice President Kamala Harris on July 29, 2024 in Ambler, Pennsylvania. Shapiro and Michigan Governor Gretchen Whitmer campaigned to bring supporters behind Vice President Harris's campaign to protect Americans' freedoms, lower costs for families, and slam Trump's Project 2025 agenda. (Photo by Hannah Beier/Getty Images)
News Analysis
Analysis
Harris Likely to Pick Pennsylvania Gov. Shapiro for Veep, Prediction Markets Say
Also: the Democrat gains on Trump but hasn't closed the gap, unlike in polls; Polymarket punters trade on Olympic women's boxing controversy.
AMBLER, PENNSYLVANIA - JULY 29: Pennsylvania Governor Josh Shapiro speaks during a campaign rally for Vice President Kamala Harris on July 29, 2024 in Ambler, Pennsylvania. Shapiro and Michigan Governor Gretchen Whitmer campaigned to bring supporters behind Vice President Harris's campaign to protect Americans' freedoms, lower costs for families, and slam Trump's Project 2025 agenda. (Photo by Hannah Beier/Getty Images)
By Sam ReynoldsMarc Hochstein
Aug 5, 2024 at 2:01 p.m. UTC
Aug 5, 2024
AnalysisElection 2024Prediction MarketsPolymarket
9am CoinDesk 20 Update for 2024-08-05: laggards
CoinDesk Indices
Coindesk 20
CoinDesk 20 Performance Update: Index Plunges 22.6% Amid Global Market Decline
NEAR and LINK were among the hardest hit as the CoinDesk 20 tumbled over the weekend.
9am CoinDesk 20 Update for 2024-08-05: laggards
By CoinDesk IndicesTracy Stephens
Aug 5, 2024 at 1:44 p.m. UTC
Aug 5, 2024
CoinDesk 20CoinDesk IndicesPricecharts

Trending in Markets

1
(CoinDesk Indices)
Ether Slides 20% as Trading Firm Moves $46M in ETH
Aug 5, 2024
2
Bear (mana5280/Unsplash)
Bitcoin Plunges Under $60K; Crypto Bulls Lose $200M as Dogecoin, Solana Tokens Drop 10%
Aug 4, 2024
3
(WOKANDAPIX/Pixabay)
Bitcoin Risk-Reward Remains Compelling Even After Price Surges 100% in a Year
Aug 2, 2024
4
(CoinDesk Indices)
Bitcoin Traders Eye $55K Amid U.S. Stocks Sell-off, XRP Leads Losses in Major Cryptos
Aug 2, 2024

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