First Mover: What’s Next After Bitcoin Hits $50K? Another $1K Gain

Bitcoin’s momentum carried through overnight, pushing upward to a new all-time high above $51,000 just a day after passing $50,000 for the first time.  “It’s not exactly soaring, as it has with other major technical breakouts, but another 3% gain isn’t to be sniffed at,” Craig Erlam, senior market analyst for the foreign exchange broker […]

First Mover: Bullish ($1 Million) Bitcoin Forecast as Year of Ox Begins

Editor’s Note: Happy Chinese Lunar New Year! First Mover will not publish on Monday, February 15, which is Presidents’ Day in the U.S. Cryptocurrency markets will be open, as they always are. Price Point Bitcoin (BTC) was lower, after pushing early Friday to an all-time high price of $48,925, based on CoinDesk pricing.  Market activity […]

First Mover: Bitcoin at Center Stage (and Record High) as Mastercard, BNY Go Crypto

Price Point Bitcoin (BTC) jumped more than 6% Thursday to a new record high of $48,297 after Mastercard (MA) confirmed CoinDesk’s exclusive Wednesday that the payments-processing giant plans to let merchants receive payments in cryptocurrency starting later this year. And BNY Mellon (BK), the world’s largest custodian bank with some $41 trillion of assets in safekeeping, […]

First Mover: Tesla Sends Bitcoin Mooning Past $44K as Snoop Wins #dogebowl

CoinDesk TV is here! Regular programming starts Monday as we roll out three daily and three weekly shows, including “First Mover,” hosted by Christine Lee, Lawrence Lewitinn and Emily Parker, airing every weekday at 9 a.m. U.S. Eastern time. Today’s debut episode features guests: Brian Brooks, former U.S. comptroller of the currency; Tim McCourt, global […]

First Mover: It’s ‘Dorsey’s Node’ as Bitcoin Marches Higher, DOGE Chokes

Bitcoin drifts higher, DeFi tokens moon, dogecoin pants Bitcoin was higher early Friday, pushing toward $38,000, around the highest levels in about three weeks.  The news overnight was mixed, with an Australian central bank official telling lawmakers in the country that bitcoin is “not a payment instrument and it’s not even really money,” while Twitter […]

First Mover: Ethereum, DOGE on Own Journeys as Inflation Bets Fuel Bitcoin

Ethereum pauses at record high, bitcoin’s rally stalls, DOGE Moons Ether (ETH) prices were lower after surging 10% on Wednesday to a new record, climbing past $1,600 for the first time.  The recent gains appeared driven by signs of growth on the cryptocurrency’s underlying Ethereum blockchain network, as well as interest from institutional investors starting […]

First Mover: Bulls Are Back as Ether Hits All-Time High, Bitcoiners Hoard

Bitcoin (BTC) was higher for a third day, pushing on the upper end of its range over the past couple weeks, between $30,000 and $36,000.  “Cryptocurrency has come into the realm of respectability,” Scott Minerd, chief investment officer of the $310 billion money manager Guggenheim Partners, told CNN in an interview. Minerd, who in December […]

First Mover: Silver Is the New GameStop as Musk’s #Bitcoin Stalls

Bitcoin (BTC) quickly settled back into the past couple weeks’ range between roughly $30,000 and $36,000, after a short-lived price spike Friday when Elon Musk, the electric-vehicle and private-spaceflight entrepreneur who’s also reportedly the world’s richest person, added “#bitcoin” to his Twitter profile. “The longer we stay at the current level, the stronger the base […]

First Mover: Elon Musk #Bitcoin Moment Adds to Dogecoin, GameStop Wackiness

Bitcoin (BTC) which seemed uncannily listless for most of this wild week, suddenly found energy after Elon Musk, the electric-vehicle and private-spaceflight entrepreneur who’s also reportedly the world’s richest man, changed his Twitter bio to mention the cryptocurrency. (See screen grab below, in Omkar Godbole’s Bitcoin Watch column.)  The price of bitcoin, the oldest and […]

First Mover: Elon Musk #Bitcoin Moment Adds to Dogecoin, GameStop Wackiness

Bitcoin (BTC) which seemed uncannily listless for most of this wild week, suddenly found energy after Elon Musk, the electric-vehicle and private-spaceflight entrepreneur who’s also reportedly the world’s richest man, changed his Twitter bio to mention the cryptocurrency. (See screen grab below, in Omkar Godbole’s Bitcoin Watch column.)  The price of bitcoin, the oldest and […]

First Mover: Crypto Gawks at GameStop, Sees Shades of Self

Bitcoin’s (BTC) price was higher, though staying in a range over the past week of between roughly $30,000 and $34,000.  “Signs of market exhaustion from the bulls are becoming more prevalent,” said Lennard Neo, head of research for the cryptocurrency-focused Stack Funds.  And in what appears to be a crypto segue from the GameStop episode […]

First Mover: Bitcoin Flushes ‘Weak Hands’ as Ethereum Hits New All-Time High

Bitcoin (BTC) was higher on Monday at around $33,000, rebounding after a 9.9% drop in the seven days through Sunday, the biggest weekly drop since August.  “Bitcoin is seeing some consolidation itself after surviving another run at $30,000,” Craig Erlam, senior market analyst for the London-based foreign exchange brokerage Oanda, wrote Monday in an investor […]

First Mover: Bitcoin ‘Double-Spend’ FUD Gives Newbies a Volatility Lesson

Bitcoin (BTC) appeared to stabilize above $31,000 after Thursday’s plunge, the biggest since March.  “A break of $30,000 could have been bad news but it managed to turn things round,” Craig Erlam, senior market analyst for the London-based foreign-exchange brokerage Oanda, told clients early Friday in an email. “We may see a small rebound now, […]

Bitcoin Worries `Fading,’ as Crypto Goes Mainstream, S&P Says

Bitcoin has “a lot of similarities” with gold, and consumer fears of the cryptocurrency being stolen are fading, according to a new report from a unit of the bond-rating and investment-index firm Standard & Poor’s. “Concerns of bitcoin theft were rampant a few years ago,” Jim Wiederhold, associate director for commodities and real assets for […]

First Mover: As Bitcoin Flips Bearish, Neither Biden Nor BlackRock Brightens Mood

Bitcoin (BTC) was lower for a third straight day, slipping below the $34,000 level that had been seen as a market floor in recent weeks.  “Downside volatility struck,” Lennard Neo, head of research for the cryptocurrency-focused Stack Funds, wrote Thursday in a weekly newsletter.  In traditional markets, European share indexes rose ahead of a press conference with European […]