The global crypto market registered another increase of 3.06%, pushing it to $2.21 trillion. Bitcoin (BTC) is up over 3%, while Ethereum (ETH) continues its stellar recovery, and is up almost 6% over the past 24 hours, having surged past $2,500.
Bitcoin (BTC) price has been forming a midterm reversal pattern after rallying to a daily high of around $64,082. The initial bullish outlook triggered by the Fed's rate cut, which signaled the onset of a shift to an economic growth period, has gradually waned off.
With the cryptocurrency sector's growing presence in the mainstream, many crypto traders and investors are looking for a chance to earn some profit from its assets, including those that could provide them with a vast income, say $1 million, from investing a relatively low amount like $5,000.
The US spot Bitcoin ETFs registered a net cash inflow of over $158 million on Thursday, amid the changing economic outlook accelerated by the recent Fed's rate cut.
This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) The market has had a great week so far, and Ethereum closed with a 9% price increase.
Ever since the Bitcoin price faced rejection from the ATH, each move appears to have been calculative, largely influenced by the previous price action. As a result, many were quite optimistic about the next price action in the times when the BTC price slashed below $50,000.
Bitcoin hits 25-day high, surging 10.3% amid bullish momentum. Fed rate cut and BlackRock's report drive market optimism.
Now trading close to $63,000 Bitcoin is getting close to a critical level that could indicate a lower high in the current declining trend. If Bitcoin fails to break through key resistance, the formation of this lower high is frequently interpreted as an early warning sign of a possible price reversal, indicating that a significant decline may be imminent.
Bitcoin has been in a funk recently, but now could be a fantastic time to buy it at a 20% discount.
Five miner wallets that received block rewards weeks after Bitcoin's launch started moving their tokens.
Around 250 BTC from Bitcoin's early days were transferred after 15 years of inactivity, revealing the huge rewards reaped by early miners. The $16 million worth of "Satoshi era" coins highlights the conviction of pioneering hodlers.
A widely followed cryptocurrency analyst and trader is leaning bullish on a Solana (SOL) competitor while offering his forecast on Bitcoin and the layer-1 blockchain Saga (SAGA).
After the Federal Reserve cut interest rates by 50 basis points, the markets rallied strongly on the event. The S&P 500 posted a new all-time high, and Bitcoin (BTC) surged more than $4,000.
After experiencing a strong downturn in late August and early September, Bitcoin (BTC) has, in recent weeks, entered a rally that only grew in intensity shortly after the Federal Reserve lowered interest rates by 50 basis points on September 18 for the first time since 2020.
Data from crypto monitoring services reveals that five Satoshi-Era wallets, inactive since 2009, have transferred a total of 250 Bitcoin, valued at approximately $15.9 million. Each wallet had originally accumulated 50 BTC as block rewards, a common practice in the early days of Bitcoin when mining difficulty was significantly lower.
AVAX is the other massive gainer from the larger-cap alts.
The recent Federal Reserve interest cut will fuel increased onchain activity, and this will strongly benefit the Ethereum blockchain, the report said.
Maryland State Police have warned of a scam targeting Gmail users, using phishing tactics to extort money through unsettling threats. Scammers are sending victims emails with Google Maps photos of their homes and demanding bitcoin payments, falsely claiming they possess incriminating evidence. The police are investigating, urging caution and providing resources for reporting these incidents.
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Bitcoin from ancient miner wallets is moving. Coins mined as early as January 2009 were sent to new addresses.
A significant shift may be on the horizon, driven by innovative technology that combines the principles of Bitcoin with cybersecurity measures. Mike Sires, a military veteran based in Dublin, Ohio, has developed a groundbreaking solution known as AuthLN.
Bitcoin surges past $64,000, driven by strong ETF inflows and decreasing exchange supply, setting the stage for a test of previous all-time highs.
BlackRock highlights bitcoin's potential as a hedge against economic uncertainty amid growing U.S. debt concerns and a Federal Reserve interest rate cut
Former US President and current Republican nominee Donald Trump just used Bitcoin (BTC) to buy burgers for his supporters. On Wednesday, Trump visited a crypto-themed bar called PubKey in Manhattan, New York City to convene with with members of the digital asset industry ahead of his run for president in November.
It is unclear if all these wallets belong to the same person or entity.
Ark Invest and 21Shares' ARKB led the pack of inflows yesterday with $81.07 million inflows, and Fidelity's FBTC had $49 million inflows.
The top two cryptocurrencies, Bitcoin and Ethereum, have experienced impressive gains of 3.0% and 5.8%, respectively, in the last 24 hours. Evidently, both these cryptos have benefited hugely from the recent interest rate cut of the US Federal Reserve. At this juncture, the massive options expiry scheduled for today is extremely crucial.
Bitcoin traders are starting to entertain the idea of a retest of all-time highs, but BTC price support needs to cement first.
Analyst and trader Kevin Svenson is leaning bullish on Bitcoin (BTC) amid a recovery that has seen the flagship crypto asset appreciate by around 10% over the last two weeks.
A Bitcoin breakout appears imminent, but a shift in sentiment could trigger a retracement instead.
Stablecoins are becoming systemically important to the global financial economy, Bernstein wrote in a recent report.
Cryptocurrency News Today: The crypto space has maintained a positive trend since yesterday. The optimism of the incoming quarter has pushed the industry's market cap by 3.35% to $2.22T. While Bitcoin price recorded a 24-hour high by brushing the $64k mark, Ether's price has risen above its $2.4k level.
The Bank of Japan won't rush to repeat hikes of the yen, which triggered a market meltdown in July.
Hackers have targeted Seattle-Tacoma International Airport with a ransomware attack, demanding 100 bitcoins to buy the data back. Although the airport managed to fend off most of the damage, the attackers encrypted some data and posted stolen files on the dark web.
Bitcoin (BTC)'s price surged following the announcement of an interest rate cut by the Federal Reserve.
Crypto options expiry day has come around again amid a recovery for markets following the US central bank's interest rate cut this week. Can momentum continue?
Bitcoin recovered from a small dip as Japan trading began with it making a new local high in just about tipping $64,000.
Eclipse aims to bring “Web2 scale to Web3” by combining the best of Ethereum security, Solana's speed, and Celestia's data storage capabilities.
Ethereum developers have decided to split the Pectra hard fork into two packages to reduce risks and ensure a smoother upgrade.
The latest cryptocurrency exchange hit by hacking was confirmed to be BingX based in Singapore where it initially lost $26 million due to hacking. More than 360 altcoins which include some of the biggest coins such as 4. 44 million USDT, 1. 04 million WUSD, and 9.
As the fear of further crypto capitulation in the near term significantly decreased, Bitcoin's (BTC) price continued with the recent bullish sentiments. In the past 24 hours, Bitcoin price pumped over 3 percent to reach a range of about $64.082, before sliding towards $63,787 on Friday during the early Asian session.
Recent CryptoQuant analysis suggests that short-term Bitcoin holders' average buy price could be a key factor in predicting the leading crypto's future movements. The focus is on holders who have had Bitcoin for months, with historical data indicating that their average buy price often serves as a critical support or resistance level.
An ancient Bitcoin wallet was activated earlier this Friday after more than 13 years of dormancy, according to data provided by Whale Alert. The address in question contains 59 Bitcoins (roughly $3.8 million at press time).
Bitcoin (BTC) has emerged as a standout performer, wrapping up the month on a high note and igniting speculation about a potentially bullish fourth quarter. Historically, Bitcoin's performance in September has often set the tone for its trajectory in the months that follow.
Bitcoin surged 1.84% to close at $62,913, driven by optimism around a soft US economic landing and strong jobless claims data. BTC-spot ETFs saw significant inflows on September 19, indicating rising demand and positioning Bitcoin to break the $65K mark soon.
A major Ethereum whale has made waves in the crypto world by selling off 24.7 million ETH, according to Spotonchain.