Market Wrap

SOL price on Feb. 8 (CoinDesk)
Solana Gains More Than Bitcoin as Trader Speculates an 'Extreme Move' Is Ahead
The broader altcoin market also showed signs of rebounding from oversold levels, one analyst noted.
SOL price on Feb. 8 (CoinDesk)

Bitcoin price on February 7 (CoinDesk)
Bitcoin Tops $44K, With Whale Accumulation Suggesting Conviction in More Price Gains
Continuing advances for U.S. stock markets also likely supported risk assets like crypto, with key indices making new all-time highs.
Bitcoin price on February 7 (CoinDesk)

Bitcoin price on February 5 (CoinDesk)
Bitcoin Slips Towards $42K as Interest Rates Soar; Chainlink's LINK Defies Crypto Slump
Federal Reserve Chair Jerome Powell reiterated his hawkish stance on rate cuts in a Sunday interview, weighing on risk assets.
Bitcoin price on February 5 (CoinDesk)

Bitcoin price on Feb. 1 (CoinDesk)
Bitcoin Steady at $43K as Tumbling U.S. Regional Bank Stocks Reignite Worries
Bitcoin so far remained muted compared to its vehement rally during the March banking crisis, but one analyst said he's "cautiously long" amid the turmoil.
Bitcoin price on Feb. 1 (CoinDesk)

Bitcoin price on Jan. 31 (CoinDesk)
Bitcoin Dips to $42.4K as Fed's Powell Pours Cold Water on March Rate Cut
"The market has gotten ahead of itself on the rates side," said one analyst.
Bitcoin price on Jan. 31 (CoinDesk)

Bitcoin prices fell further on Thursday (Chris Liverani/Unsplash)
Bitcoin Plunges Below $41K as 'Sell the Bitcoin ETF News' Wins the Day
Large inflows in the new spot bitcoin ETFs have been sizably offset by outflows from not just from GBTC but other global bitcoin-related ETPs.
Bitcoin prices fell further on Thursday (Chris Liverani/Unsplash)

Bitcoin price Jan. 12, 2024 (CoinDesk)
BTC Tumbles Below $42K, Coinbase and Miners Plunge as Bitcoin ETF Mania Becomes 'Sell the News' Rout
Previous landmark events such as Coinbase's stock exchange listing and ProShares' futures-based bitcoin ETF debut happened near market tops.
Bitcoin price Jan. 12, 2024 (CoinDesk)

Bitcoin price index (CoinDesk)
Bitcoin Briefly Tops $49K Before Selling Off as ETF Trading Frenzy Commences
Cryptocurrency-focused stocks such as Coinbase and bitcoin miners are also down significantly since Thursday's market open.
Bitcoin price index (CoinDesk)

Bitcoin price today (CoinDesk)
BTC Blasts Past $47K as Bitcoin ETF Excitement Gets Feverish
Bitcoin could rally 10%-15% more in case the SEC approves spot bitcoin ETFs, LMAX strategist Joel Kruger noted.
Bitcoin price today (CoinDesk)

Bitcoin price this week (CoinDesk)
Bitcoin at Risk of Snapping Historic Winning Streak, but 'Perfect Storm' Brews for a Strong 2024
Market participants expect interest rates to fall "aggressively" in the U.S., U.K. and Europe for the next couple of years, which is more beneficial for risky assets, OANDA's...
Bitcoin price this week (CoinDesk)