Bitcoin, Stablecoins Command Over 70% of Crypto Market as BTC Pushes Higher

Bitcoin’s (BTC) commanding position in the crypto ecosystem continues to strengthen. When combined with the top two stablecoins by market capitalization — Tether (USDT) and Circle’s (USDC) — these three assets now represent approximately 72% of the total cryptocurrency market. This dominance underscores a broader consolidation at the top of the digital asset market, as … Read more

Bitcoin Runs Into Resistance Cluster Above $88K. What Next?

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin’s (BTC) bullish advance has encountered a resistance zone above $88,000, marked by crucial levels that could make or break the ongoing recovery rally. The resistance cluster’s first and perhaps most critical level is the 200-day simple moving average (SMA) … Read more

Bitcoin Closing In on Historic Breakout vs Nasdaq

Bitcoin (BTC) is on the cusp of breaking out relative to the Nasdaq 100 Composite, with the current BTC/Nasdaq ratio sitting at 4.96. This means it now takes nearly five Nasdaq units to match the value of one bitcoin. The previous record of 5.08 was set in January 2025, when bitcoin hit its all-time high … Read more

Bitcoin, Euro Options Signal Bullishness Against Dollar Amid Equity and Bond Market Downturn

In a surprising development, options linked to bitcoin (BTC) and the euro-dollar (EUR/USD) exchange rate are indicating strength against the U.S. dollar despite a downturn in the U.S. stock market. This trend suggests the “sell America” trade is gathering pace. Currently, bitcoin’s short- and near-dated risk reversals – which measure the demand for call options … Read more