Cryptocurrency Markets

El Salvador President Nayib Bukele announces new "bitcoin bonds" at an event on Saturday. (Samson Mow via Twitter)
Junk-Rated El Salvador’s ‘Bitcoin Bonds’ Look Explosive (Think Volcano)
Anyone buying Salvador’s bitcoin-backed bond is betting on the cryptocurrency in a very big way, ignoring the country’s distressed-debt situation, one strategist said.
El Salvador President Nayib Bukele announces new "bitcoin bonds" at an event on Saturday. (Samson Mow via Twitter)

Federal Reserve Chair Jerome Powell, earlier this month. (Federal Reserve, modified by CoinDesk)
Biden to Renominate Powell as Fed Chair and Appoint Brainard as Vice Chair
The president cites Powell’s stewardship of the economy during the pandemic.
Federal Reserve Chair Jerome Powell, earlier this month. (Federal Reserve, modified by CoinDesk)

Pixabay (Modified by CoinDesk)
ProShares Bitcoin Futures ETF Wins ‘First Mover Advantage’ as VanEck Launch Falls Flat
The ProShares ETF has $1,4 billion in assets, compared with $8.7 million for the VanEck fund.
Pixabay (Modified by CoinDesk)

Bitcoin weekly price chart shows long-term uptrend with positive momentum in first panel and RSI declining from overbought levels in lower panel.
Bitcoin Long-Term Uptrend Intact; Support Around $53K-$56K
Momentum is still positive on a weekly basis, which is consistent with a bullish uptrend.
Bitcoin weekly price chart shows long-term uptrend with positive momentum in first panel and RSI declining from overbought levels in lower panel.

Longer-term bitcoin price chart shows this week's big dropoff. See the red candle on the right. (CoinDesk)
First Mover Asia: Bitcoin Drops Below $60K Amid Broad Sell-Off in Crypto Markets
Traders could not definitively explain bitcoin’s decline; ether falls under $4,000 for the first time since late October.
Longer-term bitcoin price chart shows this week's big dropoff. See the red candle on the right. (CoinDesk)

CRO was flying in digital-asset markets Wednesday. (Creative Commons, modified by CoinDesk)
Crypto.com’s CRO Token Soars on Naming Deal for LA’s Staples Center
Amid this year’s broad gains in cryptocurrencies, CRO coin’s price hadn’t really stood out – until now.
CRO was flying in digital-asset markets Wednesday. (Creative Commons, modified by CoinDesk)

(Unsplash/Robert Bye)
Avalanche’s AVAX Token Surges to All-Time High After Deloitte Deal, Defying Crypto Trend
The token is up 85% in the past 30 days, pushing its market capitalization to $23 billion.
(Unsplash/Robert Bye)

(Metropolitan Museum of Art, modified by CoinDesk)
VanEck Bitcoin Futures ETF Finds Cool Reception
The new investment vehicle, trading under the stock ticker XBTF, jumped into the competition with a lower fee than two similar funds launched last month. But its first-day tra...
(Metropolitan Museum of Art, modified by CoinDesk)

After weeks of delays, the VanEck Bitcoin Strategy ETF is ready to launch. (Unsplash, modified by CoinDesk)
VanEck to Launch Bitcoin Futures ETF ‘XBTF’ Next Week After SEC Rejects Spot Offering
Chicago-based CBOE exchange says in website posting that the VanEck Bitcoin Strategy ETF will start trading Tuesday under the ticker symbol “XBTF.”
After weeks of delays, the VanEck Bitcoin Strategy ETF is ready to launch. (Unsplash, modified by CoinDesk)