Category: News

The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 16, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin dominance climbs to 58.91%, the highest level in 3.5 years, last reached in April 2021.

The network hashrate has risen 4% so far this month, while the hashprice is up less than 1%, the report said.

Bitcoin Cash also joined Litecoin as a top performer, gaining 2.8% since Tuesday.

Some market watchers expect a Trump win and Musk’s closeness to the Republican as forthcoming catalysts for dogecoin.

Italy’s Deputy Finance Minister Maurizio Leo has said the nation will raise taxes on capital gains on cryptocurrencies such as Bitcoin to 42% from 26%, according to Reuters and Bloomberg.

We applaud Former President Donald Trump for making crypto a campaign issue and wish his opponent, Vice President Kamala Harris, would say more about it.

Just over 792.36 million tokens of a 20 billion target have been sold since its hushed started at 12:40 UTC on Tuesday, raising nearly $11 million for the project.

Blockchain data shows the token has bagged over 1,700 holders in the first 15 minutes after going live.

Digital assets are finally beginning to pay attention to not just the growing chance of a Trump victory in November, but also a GOP sweep, said Standard Chartered’s Geoff Kendrick.