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Cryptocurrency News Articles
Bitcoin (BTC) Price Rally Cools as Market Awaits Regulatory Cues From US VP Kamala Harris
Oct 15, 2024 at 08:03 pm
The latest price moves in crypto markets in context for Oct. 15, 2024.
First Mover Americas: Bitcoin Pauses After Scaling New Heights
The latest price moves in crypto markets in context for Oct. 15, 2024.
Election 2024 coverage presented by
This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.
Latest Prices
CoinDesk 20 Index: 2,043.76 +1.57%
Bitcoin (BTC): $64,424.83 +0.77%
Ether (ETH): $2,594.12 +2.11%
S&P 500: 5,859.85 +0.77%
Gold: $2,652.24 +0.11%
Nikkei 225: 39,910.55 +0.77%
Top Stories
Bitcoin’s rally paused on Monday after the cryptocurrency breached the $66,000 level for the first time in three weeks. BTC was last trading in a narrow range between $65,200 and $65,800 during the Asian and European morning hours, up about 0.9% over the past 24 hours. The broader digital asset market, as measured by the CoinDesk 20 Index, rose by 1.5%. Vice President Kamala Harris' campaign was in the spotlight on Monday for any mention of a crypto regulatory framework if she were to become president. But Harris failed to mention cryptocurrency, digital assets or blockchain in her latest campaign speech.
Bitcoin ETFs saw inflows of $556 million on Monday, marking their highest level in over four months. According to VettaFi data shared with CoinDesk, Fidelity’s FBTC ETF led the way with inflows of $239 million, followed by Bitwise’s BITB ETF with inflows of $100 million. This marks the highest inflows into bitcoin ETFs since June 4, when they hit $886.75 million, as noted by VettaFi. That was also around the last time that bitcoin scaled the $70,000 level, on June 6. Traders on Polymarket are offering a 64% probability for bitcoin to reach a new all-time high in 2024, which is nine percentage points higher than a week ago.
SingularityDAO, Cogito Finance and SelfKey are merging their projects to tokenize the AI economy. The new entity, called Singularity Finance, will offer a layer-2 network for tokenizing assets like GPUs and provide AI-powered financial tools, according to an announcement shared with CoinDesk on Tuesday. The planned consolidation will see SelfKey's existing token, KEY, become Singularity Finance's new token SFI. SingularityDAO's SDAO and Cogito's CGV will merge into SFI at ratios of 1:80.353 and 1:10.89, respectively. This process will be subject to change based on stakeholder discussions.
Chart of the Day
- Omkar Godbole
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Disclosure
Please note that ourprivacy policy,terms of use,cookies, do not sell my personal information CoinDesk is anaward-winning editorial policies.
Jamie Crawley is a CoinDesk news reporter based in London.
Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.
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