Markets
Markets are volatile with everyone rushing to get their hands on the latest, greatest cryptocurrency. Get ahead of the pack with Blockworks premium insights.
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F07%2FED_mtGOX_20240710d.jpg&w=1536&q=40)
Mt. Gox has made decent headway with repayments, but they could ramp up from here
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F07%2Fbitcoin-blackred.jpg&w=1536&q=40)
Analysts are looking ahead to August, a historically volatile month made more interesting this year by the US presidential election
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F07%2Fjoe-biden-2.jpg&w=1536&q=40)
GSR co-CEO Rich Rosenblum weighed in on Biden’s announcement on Sunday that he’s dropping out of the presidential race
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F07%2FED_mtGOX_20240710b.jpg&w=1536&q=40)
Mt. Gox creditors are finally getting their bitcoin back — even if it’s only one click away from being sold
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F07%2Fjerome-powell-1.jpg&w=1536&q=40)
Thursday’s CPI report shows prices are coming down more quickly than analysts had anticipated, renewing hope that central bankers will cut rates in the fall
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F07%2Fbtc-grid-green-blue.jpg&w=1536&q=40)
Ledn’s John Glover says it’s not “surprising” that the German government is taking profit
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F07%2Fbtc-teal-pixellated-speed.jpg&w=1536&q=40)
Bitcoin has us all glued to the charts. Few likely more so than this year’s freshman class of bitcoin ETF buyers.
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F07%2Fdonald-trump-arms-1.jpg&w=1536&q=40)
Parody memecoins of political figures have captured crypto’s attention, but they still need to stick the landing
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F06%2Fprez-candidates-24.jpg&w=1536&q=40)
The Fed’s preferred inflation gauge on Friday showed that prices are increasing at the slowest rate since 2021
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F06%2Fbtc-neon-.jpg&w=1536&q=40)
John Glover, chief investment officer of Ledn, gave some key levels to watch for bitcoin’s price action
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F06%2Fteal-bitcoin.jpg&w=1536&q=40)
Mark Wong is currently seeing some profit-taking from early bitcoin adopters, but he also sees buying interest from institutions
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F06%2Fbull-wall-st.jpg&w=1536&q=40)
Bitcoin has been in a bull market for 19 months. If March wasn’t the top, that is.
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F06%2FBRETT.jpg&w=1536&q=40)
Amid a big push for developers to experiment with Base, native memecoin Based Brett has rocketed
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F06%2Fjobs-report.jpg&w=1536&q=40)
The headline figure for May’s jobs report may seem like a shock, but a closer read shows the labor market may still remain fairly tight
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F05%2Falex-thorn.jpg&w=1536&q=40)
The Mt Gox distributions may cause more downward pressure on bitcoin cash than bitcoin, Galaxy says
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F05%2Feth-hands-purple-bg.jpg&w=1536&q=40)
ETH is up more than 23% since Monday, according to data from Coinbase, after speculation that the SEC may be doing an about-face on ETH ETFs circulated
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F05%2Fpurple-teal-eth-ethereum.jpg&w=1536&q=40)
Ether would be set to re-test its 2021 price high should the regulator unexpectedly approve ETH funds, industry watchers say
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F05%2Fbitcoin-blue-neon-1.jpg&w=1536&q=40)
Bitcoin was up around 2% over the past 24 hours at time of publication, according to data from Coinbase, to hit its highest price since late April
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F05%2Fbitcoin-gray-blue-repeating.jpg&w=1536&q=40)
The latest jobs report showed the economy added 175,000 positions in April, finally coming more in line with the pre-pandemic average of 183,000 job gains per month
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F05%2Ffederal-reserve-flag.jpg&w=1536&q=40)
The Fed once again opted to not surprise markets on Wednesday, moving to hold interest rates
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F04%2Fjerome.jpg&w=1536&q=40)
Bitcoin and ether lost around 3% and 5% over 24-hours, respectively, erasing Monday’s gains, after the first day of spot ETF trading in Hong Kong left much to be desired
Get the daily newsletter that helps thousands of investors understand the markets.