Extract Bitcoin Price Index from Coindesk API � get_current_price coindeskr

Plus, a closer look at bitcoin as the largest cryptocurrency by market capitalization is on track for its biggest weekly price decline since early November. The CoinDesk Bitcoin Price Index is the world’s leading reference for the price of bitcoin, used by the largest institutions active in crypto assets. It is the crypto market standard, benchmarking billions of dollars in registered financial products and pricing hundreds of millions in daily over-the-counter transactions. Built for replicability and reliability, in continuous operation since 2014, the GAL XBX is relied upon by asset allocators, asset managers, market participants and exchanges. The XBX is the flagship in a portfolio of single- and multi-asset indices offered by CoinDesk.

Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets. World currency prices are based on rates obtained via Open Exchange Rates. Silicon Valley Bank, which has long played a role in managing money for venture capital-funded startups, was shut down by state regulators on Friday. CoinDesk Editor at Large Christie Harkin and Managing Editor of Tech and Protocols Brad Keoun explain why the move is significant for the crypto industry at large.

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To have someone contact you about our services, including real-time feeds, historical data, benchmark licensing options and custom solutions, contact us today via this form. Many financial advisors cite lack of intrinsic value as a case against bitcoin. But demand and global adoption, evidenced by bitcoin’s steadily increasing price, are what they should be paying attention to. Every 210,000 blocks, or about once every four years, the number of bitcoin received from each block reward is halved to gradually reduce the number of bitcoin entering the space over time. As of 2021, miners receive 6.25 bitcoins each time they mine a new block. The next bitcoin halving is expected to occur in 2024 and will see bitcoin block rewards drop to 3.125 bitcoins per block.

• Sale of Bitcoin by miners has increased the selling pressure on BTC.
• CoinGecko provides a fundamental analysis of the crypto market.
• CoinDesk also provides guides to bitcoin for those new to digital currencies.
• CDI does not sponsor, endorse, sell, promote or manage any investment offered by any third party that seeks to provide an investment return based on the performance of any index.

SoFi Crypto is offered through SoFi Digital Assets, LLC. Bitcoin and other cryptocurrencies aren’t endorsed or guaranteed by any government, are volatile, involve a high degree of risk, and are unsuitable for most investors. For more information on digital asset risk see FINRA, SEC, and CFPB public advisories. SoFi will apply a markup of up to 1.25% for each crypto transaction.

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The Silicon Valley Bank collapse on March 10 has sparked fear, uncertainty and doubt across the crypto community. It is unclear how much assets custodied on behalf of crypto VCs are stuck in Silicon Valley Bank. IoT & Connected Devices Monitor and control global IoT deployments in realtime.

The coindesk bitcoin price and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period.

The currency doesn’t exist in a physical form, and the coin is transacted directly between the sender and the receiver without banking intermediaries to facilitate the transaction. Everything is done publicly through a transparent, immutable, distributed ledger technology called blockchain. Total cryptocurrency trading volume in the last day is at $104 Billion. Bitcoin dominance is at 40.3% and Ethereum dominance is at 18.1%. The largest gainers in the industry right now are Solana Ecosystem and Liquid Staking Tokens cryptocurrencies.

CoinGecko provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalisation, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics. The Digital Asset Classification Standard , created by CoinDesk Indices, provides taxonomy with reliable, comprehensive and standardized industry definitions. DACS includes the top 500 digital assets by market capitalization and offers 3 levels of granularity across 7 Sectors, 26 Industry Groups and 40 Industries. Bitcoin and other cryptocurrencies are like the email of the financial world.

The author has not received compensation for writing this article, other than from FXStreet. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. As DeFi bleeds billions of dollars annually due to token bridge attacks, a new layer-2 solution seeks a solution from within the Bitcoin blockchain. Data Broadcast Broadcast realtime event data to millions of devices around the globe.

It wasn’t until December 2020, when bitcoin returned to test the previous all-time high, that it eventually surpassed that historical level and rose a further 239% over the next 119 days to a new all-time high of $64,799. When the cryptocurrency was launched at the beginning of 2009, as Satoshi Nakamoto mined the bitcoin genesis block (the first-ever block on the Bitcoin blockchain), 50 BTC entered circulation at a price of $0.00. Technical experts at ByteTree argue that the recent decline in Bitcoin price is not isolated to BTC. It is a marketwide XLM correction in response to inflationary pressures and tumultuous events relating to crypto-friendly banks.

On a CoinDesk price page, click on the cryptocurrency you would like to use. CoinDesk acquires TradeBlock, the world’s leading provider of indices and institutional trading tools for digital currencies. This content was produced by CoinDesk Indices, Inc. (“CDI”) and not the CoinDesk Editorial team.

Easily power any coindesk bitcoin price experience in your application via a simple API that handles everything realtime. This stream is brought to you via the Ably Hub – the place to go for data streams for your apps & services. ECommerce & Retail Enrich customer experiences with realtime updates. Global edge network An edge network of 15 core routing datacenters and 205+ PoPs. Our CEO and founder, Oliver von Landsberg-Sadie provides Sebastian Sinclair with an insight into the Bitcoin price seesaw we are currently experiencing.

Bitcoin price is close to the psychological level of $20,000, BTC is trading at $19,963 at press time. While the crypto market responded with a massive sell-off, not all USDC investors were lucky enough to walk away with their funds amid the uncertainty. CoinDesk is a news site specializing in bitcoin and digital currencies.

Extend Kafka to the edge Relihttps://www.beaxy.com/ expand Kafka’s event streaming beyond your private network. Predictable performance A low-latency and high-throughput global network. Just a simple API that handles everything realtime, and lets you focus on your code. Get the latest crypto news, updates, and reports by subscribing to our free newsletter.

• The crypto market is taking a walloping, and there are three important reasons why BTC’s $380 billion valuation is a crucial support for the entire market.
• Decentralized exchanges have an intriguing road ahead amid the wreckage of FTX.
• You can track over 10,000 crypto prices on CoinGecko across more than 50 currencies.
• Built for replicability and reliability, in continuous operation since 2014, the XBX is relied upon by asset allocators, asset managers, market participants and exchanges.
• Some $4 million in USDC futures were liquidated in the past 24 hours, Coinglass data shows.

Intraday Data provided by FACTSET and subject to terms of use. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements. In November 2022, CoinDesk reported that FTX’s partner firm Alameda Research held a significant portion of its assets in FTX’s native token FTT. The news led to a bank run and liquidity crisis at FTX, culminating in FTX filing for bankruptcy protection.

Bitcoin miners have been intensively reducing their BTC reserves. Sale of Bitcoin by miners has increased the selling pressure on BTC. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned.