Cryptocurrencies Bounce, Focus on Bitcoin Exchange Flows

Bitcoin Nears Bearish Trendline Hurdle
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Biggest Movers

These are the biggest movers in the CoinDesk 20 over the past 24 hours:

 

Top Gainers:

Top Losers: 

  • There are no losers in CoinDesk 20 today. 

Sector classifications are provided via the Digital Asset Classification Standard (DACS), developed by CoinDesk Indices to provide a reliable, comprehensive, and standardized classification system for digital assets. The CoinDesk 20 is a ranking of the largest digital assets by volume on trusted exchanges. 

Technician's Take

by Omkar Godbole

Bitcoin Nears Bearish Trendline Hurdle

Bitcoin's daily chart (Source: TradingView)

  • While bitcoin has bounced, it is yet to take out the bearish trendline sloping down from the Nov. 10 high. 

  • Considering the bullish crossover on the MACD histogram, a breakout could be in the offing.

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ICYMI

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

 

Former CFTC Chair & 'Crypto Dad' Chris Giancarlo on US Stablecoin Regulatory Outlook

 

"First Mover" hosts speak to former CFTC chair, author of "CryptoDad: The Fight for the Future of Money" Chris Giancarlo as the US regulators weighing comprehensive regulations on stablecoins. Bitcoin and Eth drifting lower amid bearish Asia session. Marc Lopresti, managing director of strategic funds, provides markets analysis. Plus, CoinDesk Managing Editor, Global Policy & Regulation Nikhilesh De has the latest update on the $2 trillion "Build Back Better" bill and its impact on crypto.

 

Introducing CoinDesk Indices' DACS

Introducing CoinDesk's new Digital Asset Classification Standard, which was created in response to the significant growth of the number and types of digital assets offered in the market and the realization that traditional classification standards used for equities and other asset classes could not be adapted accurately to classify digital assets. Read more about DACS.

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. 

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