Share this article
First Mover Americas: Bitcoin Nears $65,000 Amid Strong Crypto Rebound
The latest price moves in crypto markets in context for May 6, 2024.
Updated May 6, 2024, 12:07 p.m. Published May 6, 2024, 12:07 p.m.
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
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Top Stories
Bitcoin trades around $64,000 early Monday as the crypto market erased last week's losses. BTC surged to $65,400 during Asia trading hours Monday, its highest price in almost two weeks, and now is up almost 15% from last week's corrective bottom. Bitcoin's swift recovery to a bullish weekly close "sets up the possibility the next higher low is already in place ahead of the next major upside extension to a fresh record high," LMAX Group market strategist Joel Kruger said in a Monday report Alternative cryptocurrencies (altcoins) followed suit, with SOL, AVAX and NEAR advancing 4%-5% over the past 24 hours.The broader crypto market is up 3.2% in the past 24 hours as measured by the CoinDesk 20 Index (CD20).
Grayscale's bitcoin ETF saw its first daily inflow after bleeding billions of assets. The Grayscale Bitcoin Trust (GBTC), the largest bitcoin ETF by assets, saw a $63 million of fresh funds from investors on Friday, ending an almost 4-month streak of daily outflows since its conversion to a spot ETF structure in January, data compiled by Farside Investors shows. U.S.-listed spot ETFs also had their best day in more than a week, attracting $368 million of inflows, showcasing a positive sentiment turnaround with bitcoin's rebound.
Bitfinex security breach dismissed by CTO Paolo Ardoino as "fake." Controversy arose over the weekend after a hacker group leaked a database of alleged usernames and passwords of over 22,000 Bitfinex exchange users. However, Ardoino refuted the claims and pointed out discrepancies, saying that the company does not store 2-factor authentication data as "clear texts" and the information was likely recycled from previous data thefts unrelated to Bitfinex.
Trending Posts
Больше для вас
Что нужно знать:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Больше для вас
Japan’s Higher Rates Puts Bitcoin in the Crosshairs of a Yen Carry Unwind
A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten liquidity conditions that recently helped bitcoin rebound from November’s lows.
Что нужно знать:
- The Bank of Japan is expected to raise interest rates to 0.75% at its December meeting, the highest since 1995, affecting global markets including cryptocurrencies.
- A stronger yen could lead to de-risking in macro portfolios, impacting liquidity conditions that have supported bitcoin's recent recovery.
- Governor Kazuo Ueda indicated a high probability of a rate hike, with officials prepared for further tightening if their economic outlook supports it.
Top Stories
