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Stephen Alpher

Stephen Alpher

Stephen is CoinDesk's managing editor for Markets. He previously served as managing editor at Seeking Alpha. A native of suburban Washington, D.C., Stephen went to the University of Pennsylvania's Wharton School, majoring in finance. He holds BTC above CoinDesk’s disclosure threshold of $1,000.

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Risk assets slump across the board on Friday (Michael Nagle/Bloomberg via Getty Images)
Markets
Bitcoin
Bitcoin Slumps Below $63K, Altcoins Rekt, as Crypto Succumbs to Risk Off Mood
Likely also hitting prices was the movement of nearly $2 billion of BTC and ETH in wallets linked with Genesis Trading.
Risk assets slump across the board on Friday (Michael Nagle/Bloomberg via Getty Images)
By Stephen Alpher
Aug 2, 2024 at 3:39 p.m. UTC
Aug 2, 2024
BitcoinGenesisNasdaq
The U.S. jobs report for July was released Friday morning (Tim Mossholder/Unsplash, modified by CoinDesk)
Markets
Employment
U.S. Added Just 114K Jobs in July, Unemployment Rate Shoots Up to 4.3%
The price of bitcoin initially showed little reaction to the soft data even as traders quickly amped up bets on big Fed rate cuts in the second half of the year.
The U.S. jobs report for July was released Friday morning (Tim Mossholder/Unsplash, modified by CoinDesk)
By Stephen Alpher
Aug 2, 2024 at 12:44 p.m. UTC
Aug 2, 2024
EmploymentEconomyBitcoin
Bitcoin price on Aug 1 (CoinDesk)
Markets
Bitcoin
Bitcoin Plunges More Than 10% Since Hitting $70K 72 Hours Ago
The slide in the odds of a Donald Trump victory in November might have bulls rethinking some bets.
Bitcoin price on Aug 1 (CoinDesk)
By Stephen Alpher
Aug 1, 2024 at 3:39 p.m. UTC
Aug 1, 2024
BitcoinMarket Wrap
The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. (AgnosticPreachersKid/Wikimedia)
Markets
Federal reserve
Fed Holds Policy Steady, Expresses More Caution Than Expected on September Rate Cut
Prior to today's meeting, markets had priced in a 100% chance of a rate cut at the bank's September meeting.
The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. (AgnosticPreachersKid/Wikimedia)
By Stephen Alpher
Jul 31, 2024 at 6:09 p.m. UTC
Jul 31, 2024
Federal ReserveInterest Rates
Federal Reserve building (Rudy Sulgan/Getty Images)
Markets
Federal reserve
Key Interest Rate Decisions Coming This Week From Fed, BOJ, BOE
The Fed is expected to hold policy steady but indicate a soon-to-come rate cut, while the Bank of England is seen as about a 50/50 bet to ease and the Bank of Japan is likely...
Federal Reserve building (Rudy Sulgan/Getty Images)
By Stephen Alpher
Jul 30, 2024 at 4:13 p.m. UTC
Jul 30, 2024
Federal ReserveBank of JapanBank of EnglandBitcoin
Bitcoin price 7/29 (CoinDesk)
Markets
Bitcoin
Bitcoin Pulls Back Sharply After Touching $70K
The price of bitcoin still appears poised to close out July with sizable gains after plunging below $54,000 earlier in the month.
Bitcoin price 7/29 (CoinDesk)
By Stephen Alpher
Jul 29, 2024 at 4:03 p.m. UTC
Jul 29, 2024
BitcoinMarket Wrap
MicroStrategy's Michael Saylor (Jason Koerner/Getty Images for Bitcoin Magazine)
Markets
Saylor
Bitcoin to Account for 7% of Global Wealth, Surge in Price to $13M in 21 Years: Michael Saylor
The crypto would require an average annual return of 29% between now and 2045 to reach that level, he said.
MicroStrategy's Michael Saylor (Jason Koerner/Getty Images for Bitcoin Magazine)
By Stephen Alpher
Jul 26, 2024 at 8:14 p.m. UTC
Jul 26, 2024
SaylorBitcoin
Bitcoin price on July 11 (CoinDesk)
Markets
Markets
Crypto Bulls Frustrated as Bitcoin and Stocks Recouple – to the Downside
A continuing series of record highs for the S&P 500 and Nasdaq over the past weeks has done nothing to prop up sliding crypto prices, but Thursday saw both asset classes tumbl...
Bitcoin price on July 11 (CoinDesk)
By Stephen AlpherKrisztian Sandor
Jul 11, 2024 at 4:46 p.m. UTC
Jul 11, 2024
MarketsBitcoinEquitiesNasdaqS&P 500
food shopping in brown bags
Markets
Inflation
U.S. Inflation Was Negative in June; Bitcoin Jumps Above $59K
Market participants became increasingly convinced that the Fed was going to trim rates at its September meeting following the report.
food shopping in brown bags
By Stephen Alpher
Jul 11, 2024 at 12:41 p.m. UTC
Jul 11, 2024
InflationCPIConsumer Price IndexBitcoin
Federal Reserve Chair Jerome Powell (Win McNamee/Getty Images)
Markets
Federal reserve
Bitcoin Little-Changed Above $57K as Fed Chair Powell Testifies to Congress
Jerome Powell made clear that central bank policymakers are focused on downside risks to the economy as much as they are inflation.
Federal Reserve Chair Jerome Powell (Win McNamee/Getty Images)
By Stephen Alpher
Jul 9, 2024 at 3:18 p.m. UTC
Jul 9, 2024
Federal ReserveJerome PowellInterest RatesBitcoin