If Donald Trump wins the United States presidential elections in November, the trend could accelerate, according to the report.
Bitcoin held above the $60,000 key support level, while Ethereum's ETH fell to near its weakest level against BTC since mid-September.
Bitcoin plummeted to just under $60,000 on Thursday as the crypto market withstood a brutal sell-off. The crypto market bloodbath came after a major missile strike by Iran targeting sites across Israel, which the latter has vowed to retaliate.
Popular analyst Rekt Capital took to his latest analysis and discussed the potential worst-case scenarios for Bitcoin, focusing on two main perspectives: the downtrending channel and the reaccumulation structure. Downtrending Channel Bitcoin is currently in a downtrending channel, which has an upper resistance line and a lower support line.
A widely followed crypto analyst says that one catalyst could spark a bull run for Bitcoin (BTC) and other digital assets. In a new video update, crypto strategist Jason Pizzino tells his 334,000 YouTube subscribers that the latest BTC crash can be attributed to the US dollar breaking out of its slump.
Bitcoin isn't going to save us from geopolitical uncertainties. That's what Geoff Kendrick, Standard Chartered's global head of digital assets research, believes.
Crypto analyst Mikybull Crypto has provided a bullish outlook for the Bitcoin price, predicting that the crypto will, by late October, enjoy a breakout following a wave 5 impulsive move to the upside. His prediction comes amid a couple of external factors that threaten to send BTC below $60,000 as the negative start to ‘Uptober'
Ripple has launched its end-to-end payments solution in Brazil, partnering with Mercado Bitcoin to enhance cross-border transactions using blockchain technology.
Cryptocurrency markets are trading lower as geopolitical tensions continue to loom over global financial markets. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $60,619.33 -1% Ethereum (CRYPTO: ETH) $2,342.84 -3% Solana (CRYPTO: SOL) $134.89 -5.8% Dogecoin (CRYPTO: DOGE) $0.103 -0.7% Shiba Inu (CRYPTO: SHIB) $0.0000159 -3% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 13.4% and daily active addresses falling by 15.9%.
Standard Chartered's latest analyst note suggests that Bitcoin‘s (CRYPTO: BTC) recent price action reaffirms its role as a hedge against traditional financial system issues rather than geopolitical tensions. What Happened: The bank's analysts point out that Bitcoin's price weakness amid Middle East tensions demonstrates it is “not a safe haven against geopolitical concerns.
Representative Ro Khanna, a prominent member of the House of Representatives, is pushing for the U.S. government to hold confiscated Bitcoin as a strategic reserve. This idea is gaining traction across both political parties, signaling a shift in how cryptocurrency is viewed in the halls of power.
Trump is providing lip service to Bitcoiners, but that does not mean he will continue to be an ally of Bitcoin if he does get elected for a second term.
Franklin Templeton, a multi-trillion dollar asset management firm, has filed for a new exchange-traded fund (ETF) that would provide exposure to both Bitcoin and Ethereum. According to an application with the U.S. Securities and Exchange Commission (SEC) on Wednesday, the firm aims to offer investors a single product that tracks the performance of the two largest cryptocurrencies by market capitalization.
A closely followed crypto strategist is warning that one modular blockchain project may be on the verge of collapse. Pseudonymous analyst Altcoin Sherpa tells his 224,000 followers on the social media platform X that layer-1 Celestia (TIA) could plummet by more than 77% from its current value due to prolonged investor selling.
According to the latest announcement from Japanese investment firm Metaplanet Inc., its Bitcoin holdings have surged, rising to 530.717 BTC as of October 3.
According to Glassnode, BTC was showing signs of a shift in market structure.
Amid the general market decline, 97,602 traders have liquidated in the past 24 hours, with the combined liquidation value reaching $274.73 million. The leading coin, Bitcoin (BTC), has extended its decline, slipping by 1%, while its trading volume plummeted by 20% during the same period.
According to the International Monetary Fund, El Salvador has a 3% annual GDP growth rate and roughly $144 million in outstanding loans.
Despite this week's sell-off, onchain and technical data highlight an encouraging shift in the Bitcoin market.
Ripple has partnered with Mercado Bitcoin, the largest crypto exchange in Latin America, to enhance cross-border payments in Brazil using its end-to-end payments solution that leverages blockchain technology, per an Oct. 3 statement. Mercado Bitcoin will be the first client in Brazil to adopt Ripple's payment system to streamline treasury operations between Brazil and Portugal.
CleanSpark has released its unaudited Bitcoin mining update, which shows the company saw its hashrate jump 187% in the fiscal year ending September 2024. The publicly-traded Bitcoin (BTC) miner announced this on Oct.
Standard Chartered's Geoff Kendrick warns that the Middle East conflict may encourage investors to have potential buying opportunities.
According to analysts at JP Morgan, the current war uncertainty around the globe and the US presidential elections can drive investors toward “debasement trade.” This means investors will consider gold and bitcoin more as safe assets.
Rising conflict in the Middle East could cause BTC to fall below $60,000, increasing returns for investors who would see the decline as a buying opportunity.
According to Geoff Kendrick, Standard Chartered's global head of digital assets research, Bitcoin (BTC) dropping below $60,000 due to escalating geopolitical tensions in the Middle East could offer a prime buying opportunity.
Demand for bitcoin has remained subdued since tensions in the Middle East escalated on Tuesday, according to an analyst.
Should you shift your Bitcoin investment strategy on account of the recent escalating geopolitical factors?
Bitcoin price has come under pressure from the Middle East geopolitical crisis, but a broader look at the market provides some hope.
Risks stemming from the Middle East conflict are likely to push bitcoin below $60K before the weekend, the report said.
Metaplanet announced the sale of 233 BTC put options with a strike price of $62K. The firm's current Bitcoin holdings have reached 530.717 BTC.
Franklin Templeton has filed a proposal with the US SEC to launch a Bitcoin and Ethereum index ETF. If approved, this ETF would be the first to hold both BTC and ETH in a single fund.
Ripple and Mercado Bitcoin launch a new payment system in Brazil, enhancing cross-border transactions and simplifying currency exchanges. The post Ripple and Mercado Bitcoin initiate cross-border payment service in Brazil appeared first on Crypto Briefing.
Peter Brandt, one of the most highly reputed commodity traders, has predicted that the price of the Ripple-affiliated XRP cryptocurrency is going to plunge to zero against Bitcoin.
Michael Saylor, an American businessman and CEO of MicroStrategy, is known for being a big supporter of Bitcoin (BTC). He recently made another post about the major cryptocurrency.
Riot Platforms mined 412 Bitcoin in September, marking a 28% increase over the previous month.
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Geopolitical tensions and economic uncertainty may enhance gold's safe-haven status, while Bitcoin's role remains debated amid volatility. The post Iran-Israel crisis could drive investors with ‘debasement trade' favoring Bitcoin and gold — JPMorgan appeared first on Crypto Briefing.
DeFi platforms often need help to provide the security and simplicity users need to manage their crypto wallets. This is where WallitIQ (WLTQ) steps in, addressing these shortcomings through advanced artificial intelligence (AI) and machine learning (ML) technologies.
A crypto trader opined that market participants should step back from the Bitcoin “Uptober” hype and look at the bigger picture.
Bitcoin and altcoins continued their downward trend while crude oil prices jumped as the odds of a wider crisis in the Middle East rose. Bitcoin (BTC) retreated below $60,000 for the first time since Sep.
Analysts at JPMorgan suggest geopolitical risk could lead investors to adopt a "debasement trade" strategy, favoring gold and bitcoin.
Ripple, a leading digital asset infrastructure provider, has partnered with Brazil's largest crypto exchange, Mercado Bitcoin, cracking the newest possible blockade by the US Government. The SEC, on October 2, filed a notice of appeal in the lawsuit with an aim to reverse a decision rendered by Judge Analisa Torres.
Ripple will launch crypto-based payments across Brazil. The announcement was made on the company's website on October 3rd.
Ripple has announced that its payments solution is now available in Brazil, which follows digital asset infrastructure provider's partnership with crypto exchange Mercado Bitcoin. According to a Ripple announcement on Oct.
Program talks between the International Monetary Fund and El Salvador focus on strengthening reforms, while addressing risks arising from the use of bitcoin remains a key element of the discussions, the IMF said on Thursday.