CoinDesk 20 Performance Update: Chainlink (LINK) Drops 6.2%, Leading Index Lower
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
The CoinDesk 20 is currently trading at 3177.65, down 2.6% (-85.47) since 4 p.m ET on Wednesday.
None of the 20 assets are trading higher.
Leaders: BCH (-1.5%) and BTC (-1.5%).Laggards: LINK (-6.2%) and NEAR (-5.9%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
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Yahoo
3 hours ago
- Yahoo
Bitcoin Remains Defiant Amid Escalating Middle East Conflict and Trade War Fears
Bitcoin hovered around $105,100 on June 14, down 0.22% over the past 24 hours as traders digested geopolitical tension. Price action remained relatively tight, with BTC moving within a $2,090 range from $104,220 to $106,135. The largest moves occurred overnight in Asia trading, where Bitcoin briefly dipped below $104,200 before rebounding on high volume. Much of the recent volatility has been driven by developments in the Middle East. The Israel-Iran war, which some analysts fear could spread to other parts of the Middle East, combined with trade tensions between the U.S. and some of its key trading partners, has unsettled risk markets. More than $1.1 billion in crypto liquidations were recorded during the initial wave of conflict headlines, though bitcoin has shown resilience in the aftermath. Traders appear to be leaning bullish in the medium term, as BTC continues to hold a pattern of higher lows despite intraday wobbles. Profit-taking near $106,000 capped upside momentum, but support near $105,000 continues to draw buyers on dips. Market participants are watching this range closely, particularly as safe-haven demand and risk sentiment remain intertwined. While short-term headlines continue to drive volatility, the broader structure suggests BTC is consolidating rather than reversing. If support around $104,950 holds, Bitcoin may attempt another push above $106,200. Technical Analysis Highlights BTC traded in a $2,090 range from $104,182 to $106,272 over the past 24 hours. A key bounce occurred at $104,182 with 15,342 BTC traded during the recovery. Resistance formed near $106,200 amid consistent profit-taking. A rising trendline of higher lows remains intact. Psychological support at $105,000 is holding for now. Recent price range: $104,875 to $105,202 in the last hour. A sharp dip below $105K at 07:19 reversed quickly, with $105,200 acting as near-term resistance. Final 15-minute candles showed minor exhaustion, but volume patterns suggest accumulation on dips. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Yahoo
3 hours ago
- Yahoo
Crypto Daybook Americas: Bitcoin Weathers Market Rout as Israel Hits Iran
By Francisco Rodrigues(All times ET unless indicated otherwise) Cryptocurrencies slid as Israeli airstrikes on Iran's nuclear and missile sites roiled global sentiment and sent investors fleeing risk assets. The CoinDesk 20 Index (CD20), a measure of the broad crypto market, lost 6.1% over 24 hours, and bitcoin (BTC), seen by some as a haven investment, dropped 2.9%. Gold futures, a more traditional refuge, rose 1.3% from their close. Israeli Prime Minister Benjamin Netanyahu said the overnight attack, which also targeted Iran's top military leaders, was aimed at rolling back Iran's nuclear program and missile capabilities. Iran, which has repeatedly called for Israel's destruction, responded by launching 100 suicide drones toward Israeli territory, though a more concerted reaction is anticipated. The strike came less than 24 hours after the International Atomic Energy Agency said Iran was not complying with uranium enrichment limits. The U.S. said it was not involved in the attack, which killed some of Iran's military leaders. The escalation saw risk assets across the board plunge. Japan's Nikkei dropped around 0.9%, U.S. index futures fell 1.2% and the Euro Stoxx 50 lost 1.35%. U.S. crude oil futures, on the other hand, rose more than 6% to $73, with Brent crude spiking 14% at one point. Gold surged to $3,445 per ounce, approaching its all-time high. Cryptocurrencies' declines dashed gains eked out earlier in the week on the back of ETF approval speculation. Solana's sol SOL, in particular, had rallied on reports the SEC asked ETF issuers to update their S-1 filings, potentially accelerating the launch timeline. SOL is down nearly 9.5% in the last 24 hours. 'Overnight, reports surfaced that the SEC has asked Solana ETF issuers to update S-1 filings, triggering a sharp rally in SOL,' Jake Ostrovskis, an OTC trader at Wintermute, told CoinDesk. 'Bloomberg ETF analysts Eric Balchunas and James Seyffart remain optimistic, assigning a 90% probability of approval by year-end, with potential approvals coming as soon as July or within three to five weeks of the updated filings,' Ostrovskis said. As a result, he said, the market is 'now relatively underexposed to SOL and related assets, which makes the current setup particularly interesting to watch.' Despite the optimism and growing inflows into spot crypto ETFs, with BTC funds bringing in $939 million month-to-date and ETH seeing $811 million in net inflows, investors are now focused on the Middle East. Polymarket traders are weighing a 91% chance that Iran will retaliate against Israel this month, while the perceived odds of U.S. military action against Iran jumped from a mere 4% to 28%. Stay alert! Crypto June 16: 21Shares executes a 3-for-1 share split for ARK 21Shares Bitcoin ETF (ARKB); ticker and NAV remain unchanged. June 16: Brazil's B3 exchange launches USD-settled ether (0.25 ETH) and solana (5 SOL) futures contracts, approved by Brazil's securities regulator, the Comissão de Valores Mobiliários (CVM) and benchmarked to Nasdaq indices. Macro June 15-17: G7 2025 Summit (Kananaskis, Alberta, Canada) June 17: The U.S. Senate will vote on the final passage of the bill Guiding and Establishing National Innovation for US Stablecoins (the GENIUS Act of 2025). Earnings (Estimates based on FactSet data) June 23 (TBC): HIVE Digital Technologies (HIVE), post-market, $-0.12 Governance votes & calls Arbitrum DAO is voting on a proposal to launch DRIP, an $80M incentives program targeting specific DeFi activity. Managed by a foundation-led committee, DRIP would reward users directly and allow the DAO to shut it down via vote. Voting ends June 20. Unlocks June 15: Starknet (STRK) to unlock 3.79% of its circulating supply worth $15.04 million. June 15: Sei (SEI) to unlock 1.04% of its circulating supply worth $9.70 million. June 16: Arbitrum (ARB) to unlock 1.91% of its circulating supply worth $31.28 million. June 17: ZKsync (ZK) to unlock 20.91% of its circulating supply worth $37.26 million. June 17: ApeCoin (APE) to unlock 1.95% of its circulating supply worth $10.43 million. Token Launches June 16: Advised deadline to unstake stMATIC as part of Lido on Polygon's sunsetting process ends June 26: Coinbase to delist Helium Mobile (MOBILE), Render (RNDR), Ribbon Finance (RBN) and Synapse (SYN). June 14: Incrypted Crypto Conference 2025 (Kyiv) June 18-19: Canadian Blockchain Consortium's 2nd Annual Policy Summit (Ottawa) June 19-21: BTC Prague 2025 June 25-26: Bitcoin Policy Institute's Bitcoin Policy Summit 2025 (Washington) June 26: The Injective Summit (New York) June 26-27: Istanbul Blockchain Week June 30 to July 3: Ethereum Community Conference (Cannes, France) Open interest (OI) across top derivatives venues saw a sharp reset. After peaking above $55 billion on June 12, total OI dropped to a the month's low of $49.31 billion, according to Velo data. Binance shed over $2.5 billion overnight, alongside broad risk reduction across OKX, Bybit, Deribit and Hyperliquid. The pullback unwinds much of the steady build seen earlier this month. Options positioning also turned more defensive, with Deribit data showing the BTC and ETH put/call ratios climbing to 1.28 and 1.25, respectively. While upside strikes like $140K (BTC) and $3,200 (ETH) still hold large call interest, the majority of June 27 exposure remains out-of-the-money. The shift suggests growing demand for downside protection alongside lingering upside optionality. Funding remains broadly negative, especially across altcoins. ETH sits at –7.99% on Deribit and BTC at –1.06%. Sharp discounts persist for DOT (–15.2%), LINK (–15.1%) and 1000SHIB (–44.5%). HYPE (+8.27% on Hyperliquid) and AAVE (+9.95% on Bybit) are among the few to show long bias. Despite Tuesday's $1.16 billion in liquidations, leverage remains elevated. Coinglass data shows 90% of liquidations came from longs. As of June 13, bitcoin liquidation heatmaps highlight up to $84 million in long-side OI between $102K and $104K. These levels remain untriggered, but could amplify downside if breached. BTC is down 1.08% from 4 p.m. ET Thursday at $104,889.07 (24hrs: -2.42%) ETH is down 4.48% at $2,523.28 (24hrs: -8.81%) CoinDesk 20 is down 3.2% at 3,007.21 (24hrs: -6.04%) Ether CESR Composite Staking Rate is unchanged at 3.11% BTC funding rate is at 0.0018% (1.9776% annualized) on Binance DXY is up 0.44% at 98.35 Gold futures are up 1.25% at $3,445.00 Silver futures are up 0.47% at $36.47 Nikkei 225 closed down 0.89% at 37,834.25 Hang Seng closed down 0.59% at 23,892.56 FTSE is down 0.38% at 8,851.53 Euro Stoxx 50 is down 1.37% at 5,287.21 DJIA closed on Thursday up 0.24% at 42,967.62 S&P 500 closed up 0.38% at 6,045.26 Nasdaq Composite closed up 0.24% at 19,662.48 S&P/TSX Composite closed up 0.35% at 26,615.75 S&P 40 Latin America closed down 0.30% at 2,617.09 U.S. 10-Year Treasury rate is unchanged at 4.365% E-mini S&P 500 futures are down 1.16% at 5,979.50 E-mini Nasdaq-100 futures are down 1.42% at 21,621.50 E-mini Dow Jones Industrial Average Index are down 1.18% at 42,483.00 BTC Dominance: 64.77 (0.70%) Ethereum to bitcoin ratio: 0.02412 (-3.52%) Hashrate (seven-day moving average): 928 EH/s Hashprice (spot): $52.43 Total Fees: 4.86 BTC / $508,710.78 CME Futures Open Interest: 150,705 BTC BTC priced in gold: 30.6 oz BTC vs gold market cap: 8.66% Ether continues to face resistance at the daily order block, with the price dropping below Monday's high as tensions ramp up in the Middle East. Earlier today, it briefly traded below Monday's low before reclaiming that level. A daily close above Monday's low of $2480 — aligned with the 200-day exponential moving average, which has served as key support since May — would be an encouraging sign of strength. Strategy (MSTR): closed on Thursday at $379.76 (-1.9%), -2.63% at $369.78 in pre-market Coinbase Global (COIN): closed at $241.05 (-3.84%), 2.1% at $236 Circle (CRCL): closed at $106.54 (-9.1%), +1.32% at $108.1 Galaxy Digital Holdings (GLXY): closed at C$26.44 (+0.08%) MARA Holdings (MARA): closed at $15.82 (-3.24%), 3.41% at $15.28 Riot Platforms (RIOT): closed at $10.21 (-3.22%), -3.33% at $9.87 Core Scientific (CORZ): closed at $12.14 (-0.9%), -2.55% at $11.83 CleanSpark (CLSK): closed at $9.71 (-2.61%), -2.99% at $9.42 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $19.61 (-1.95%) Semler Scientific (SMLR): closed at $30.74 (-3.09%), -2.41% at $30 Exodus Movement (EXOD): closed at $31.62 (+1.74%) Spot BTC ETFs Daily net flow: $86.3 million Cumulative net flows: $45.29 billion Total BTC holdings ~ 1.21 million Spot ETH ETFs Daily net flow: $112.3 million Cumulative net flows: $3.87 billion Total ETH holdings ~ 3.92 million Source: Farside Investors In the past 24 hours, 248,759 traders were liquidated , with total liquidations coming in at $1.16 billion according to CoinGlass data. Bitcoin Tumbles Below $104K as Israel Strikes Iran (CoinDesk): Israel said it launched a 'precise, preemptive strike' to neutralize the country's nuclear program. Judge Orders Trump to Return California National Guard to Newsom (The Wall Street Journal): A federal judge ruled Trump violated the Tenth Amendment to the U.S. Constitution by unlawfully taking control of California's National Guard. An appeals court has paused the order pending review. Bitcoin 'Skew' Slides as Oil Prices Surge 6% on Israel-Iran Tensions (CoinDesk): The seven-day skew fell to its lowest since April, indicating increased demand for put options over calls after Israel's attack. Bitcoin's price fell to its 50-day simple moving average (SMA) at $103,150. Oil Curve Shift Shows Fears of Protracted Mideast Conflict (Bloomberg): A commodities strategist warned that escalation could disrupt Strait of Hormuz shipping, threatening 14 million barrels a day and potentially driving oil prices as high as $120. Single Bitcoin Trader Loses $200M as Crypto Bulls See $1B Liquidations (CoinDesk): About 247,000 traders were liquidated in the past day as $1.15 billion in positions were wiped out following overly bullish sentiment fueled by Circle's IPO and renewed U.S. enthusiasm for DeFi. Ripple, SEC File Joint Motion to Release $125M Held in Escrow (CoinDesk): The proposed resolution would return $75 million to Ripple and grant $50 million to the SEC, aiming to avoid further litigation and settle outstanding appeals. Replaces TKTK with "Thursday" in Market Movements section. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 hours ago
- Yahoo
Bitcoin Miners Just Had One of Their Best Quarters on Record, JPMorgan Says
The first quarter of 2025 was one of the best periods on record for U.S.-listed bitcoin BTC mining companies, Wall Street bank JPMorgan (JPM) said in a research report Friday. "Four of the five operators in our coverage reported record revenue and profits," analysts Reginald Smith and Charles Pearce wrote. In aggregate, the miners earned gross profit of about $2.0 billion with gross margins of 53%. Those figures compare with $1.7 billion and 50% in the previous quarter, the bank said. MARA Holdings (MARA) mined the most bitcoin in the bank's coverage universe for the ninth quarter in a row, the report said. IREN (IREN) earned the most gross profit of the group for the first time, the bank noted. The miner also recorded the "lowest all-in cash cost per coin at just ~$36,400." Conversely, MARA posted the highest cost per coin of around $72,600, the bank said. The five mining companies that the bank tracks issued only $310 million of equity in the quarter, a drop of $1 billion from the fourth quarter last year. CleanSpark (CLSK) did not raise any equity in the period, the bank noted. The bank estimated the companies spent $1.8 billion in total on power, $50 million more than in the previous quarter. The bank has an overweight rating on CleanSpark, IREN and Riot Platforms (RIOT), and a neutral rating for Cipher Mining (CIFR) and in to access your portfolio
