Muyao Shen

Blog Info CoinDesk
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Stats Has written 72 posts about cryptocurrency

Feb 19 2021

Feb 17 2021

Market Wrap: Bitcoin Rallies On After Passing $50K Psychological Level to $52K

Bitcoin's price is in uncharted territory while its volatility remains high.

Bitcoin Poised for Short-Term Gains Past $51K as MicroStrategy Upsizes Debt Deal

Feb 17 2021 Published at CoinDesk under tags  bitcoin price index markets

Markets think the latest bull run will continue.

Feb 16 2021

Market Wrap: Bitcoin Remains Around $48.5K Amid Flat Trading Activity

Feb 16 2021 Published at CoinDesk under tags  bitcoin defi derivatives ether futures

“We are at all-time-highs territory [and] the market still has to make up its mind" about next resistance or supporting levels, says one broker.

After Breaching $50K, Bitcoin Gives Up Earlier Gains

Markets still remain bullish; retail traders take to derivatives.

Feb 11 2021

Market Wrap: Bitcoin Near $48K While Ether Transaction Fees Surge Again

Feb 11 2021 Published at CoinDesk under tags  bitcoin ether markets market wrap

The market is bullish on both cryptocurrencies, for different reasons.

Feb 10 2021

Centralized Exchange Tokens Hit New All-Hime Highs, Again

Feb 10 2021 Published at CoinDesk under tags  binance exchange tokens ftx huobi markets

Exchange tokens reached all-time highs, again.

Feb 09 2021

Feb 08 2021

Cardano, Polkadot Market Caps Surpass XRP as Some Bet on Alternatives to Ethereum

Feb 08 2021 Published at CoinDesk under tags  cardano defi ethereum ethereum killer gas

The price of gas continues to rise on Ethereum, squeezing smaller retail traders using DEXs.

Feb 05 2021

Bitfinex Says It Repaid Tether for $550M Loan at Center of NYAG Probe

Feb 05 2021 Published at CoinDesk under tags  bitfinex deltec markets stablecoin tether

Bitfinex says early Friday it repaid fully of the loan to Tether.

Why a Chinese New Year Sell-Off May Not Happen This Year

It's the year of the ox, and many traders and investors are holding their bitcoin in anticipation of a bullish market trend.

Feb 03 2021

Ether Soars to Another All-Time High, Carrying DeFi and Rival Coins With It

Feb 03 2021 Published at CoinDesk under tags  aave chainlink cme defi ether

Investor excitement ahead of the CME's planned ether futures contract is one reason for the price push.

Feb 02 2021

Bullish Sign for Crypto? USDC and Dai Balances on Exchanges Hit Record Highs

Feb 02 2021 Published at CoinDesk under tags  circle dai exchanges jeremy allaire makerdao

Buying in these stablecoins may foretell where the crypto market is going.

Feb 01 2021

Exchange Tokens Hit New All-time Highs as Stock Traders Rush to Crypto

GameStop caught the stock-buying public's imagination. That excitement has spilled over to crypto.

Jan 29 2021

Voyager Reports Multiple ‘Service Disruptions’ After Encouraging Users to Trade Dogecoin

Angry users are taking to Twitter, putting the platform in the DOGE house.

After GME, Dogecoin and Bitcoin, Chinese Traders Are Betting What Will Pump Next

Jan 29 2021 Published at CoinDesk under tags  bitcoin china dogecoin gamestop gme

For Chinese investors, including Justin Sun, FOMO has surpassed fear of losing money.

Jan 28 2021

Market Wrap: Bitcoin Reverses Wednesday’s Losses, Ether Climbs

Jan 28 2021 Published at CoinDesk under tags  bitcoin dogecoin ether gamestop markets

Few are attributing the cryptocurrency's rise to market fundamentals after the GameStop roller coaster.

Bitcoin Rebounds From Early Losses, Markets Still Distracted by GameStop

GameStop's stock drama has had a galvanizing effect on stocks, bitcoin and even dogecoin.

Jan 27 2021

Bitcoin ‘Underperforms’ During Tax Time: Analysis

Bitcoin's price is going down for many reasons including traders who realized gains last year selling to pay their tax bills.

Jan 26 2021

Bitcoin Falls as Miners Sell, Institutions Watch Yellen

Some institutions have paused their buying, at least for the moment.