Whale-Driven Surge

Bitcoin Nears Record High

Demand Spike on Binance Played Key Role in Bitcoin Rally: Kaiko

Technician's Take

by Omkar Godbole

Ether Awaits Price Breakout

Ether, the native token of Ethereum's blockchain, lags bitcoin as the latter nears a record high price.

Bitcoin's 4-hour chart Source: TradingView)

Ether is yet to take out the falling trendline drawn from May and September highs. Bitcoin cleared similar resistance two weeks ago and ended Tuesday above $64,000 – its highest daily close ever.

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BOLO

Be on the lookout for the following events today:

  • 17:00 UTC (01:00 p.m. ET):
    • Fed's Quarles Speech
  • 18:00 UTC (02:00 p.m. ET):
    • Fed's Beige Book

ICYMI

In case you missed it, here are the most recent episodes of "First Mover" on CoinDesk TV:

 

A Big Day for Crypto: ProShares to Launch First U.S. Bitcoin Futures ETF 'BITO' on New York Stock Exchange

 

"First Mover" team dives into the top stories moving the crypto markets today. ProShares is launching the first bitcoin futures ETF in the U.S. "BITO" on the New York Stock Exchange today. Bitcoin price breaks the $62K resistance level on this news. Anderson Kill Partner Preston Byrne, MarketGauge Group Managing Partner Michele Schneider and Chamber of Digital Commerce Chief Policy Officer Teana Baker-Taylor join the discussions.

 A Message from CoinDesk

What will 2022 bring? Crypto 2022 is CoinDesk's ambitious effort to scope out what's next. This week it's Policy Week, a week devoted to exploring the complex ways governments are interacting with the cryptocurrency ecosystem, and how policy decisions or lack thereof will affect the year ahead. Read more here.

Latest Headlines

Disclaimer: The information presented in this message is intended as a news item that provides a brief summary of various events and developments that affect, or that might in the future affect, the value of one or more of the cryptocurrencies described above. The information contained in this message, and any information liked through the items contained herein, is not intended to provide sufficient information to form the basis for an investment decision. The information presented herein is accurate only as of its date, and it was not prepared by a research analyst or other investment professional. You should seek additional information regarding the merits and risks of investing in any cryptocurrency before deciding to purchase or sell any such instruments. 

First Mover

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