A top crypto analyst took to X recently to give a bearish forecast for Ripple (XRP), saying the community will not see a bull run. Also, whales have moved approximately $250 million worth of Ethereum (ETH) to centralized exchanges.
Data from Lookonchain, a renowned analytics account on X, the Ethereum Foundation made a massive transfer that shocked the community. The Ethereum Foundation is a primary organization that supports the development of Ethereum.
Perplexity is an artificial intelligence (AI) model gaining the spotlight by its real-time web scanning to access up-to-date data. The AI recently appeared in a list of notable and feared competitors by OpenAI, ChatGPT's developer, as Finbold reported.
According to the latest figures from sosovalue.xyz, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) welcomed an impressive $235.19 million in inflows. Meanwhile, spot ether funds had a completely neutral day, with neither gains nor losses recorded. U.S. Bitcoin ETFs Secure Inflows While Ether Funds Stay Flat On Monday, bitcoin ETFs saw inflows of $235.
Bitcoin's price momentum slowed down as it hit resistance at $64,000, with traders cautiously eyeing the upcoming U.S. presidential election. As inflation reports loom and the election date approaches, market participants seem to be holding their breath, waiting for a clear direction.
Check out why these digital assets were at the forefront of discussions lately.
U.S. spot Bitcoin (CRYPTO: BTC) exchange-traded funds saw significant inflows, totaling $235.19 million on Monday, bucking the trend of net outflows in the previous week. What Happened: According to The Block, Fidelity‘s (BATS:FBTC) led the charge with $103.68 million in inflows.
Blockchain oracle provider RedStone has announced the launch of oracles designed specifically for Bitcoin staking.
Bitcoin price remained in a consolidation phase even as the amount held on exchanges continued to decline. Bitcoin (BTC) was seen trading at $62,540 on Oct. 8, slightly below this week's high of $64,500.
The United States Supreme Court has declined to hear an appeal from Battle Born Investments over the forfeiture of 69,370 bitcoins originally linked to the Silk Road darknet marketplace.
Financial services company Block, Inc. (NYSE:SQ), co-founded by tech mogul Jack Dorsey, is well-known for holding a significant amount of Bitcoin (CRYPTO: BTC) on its balance sheet. What happened: Exactly four years ago on Oct. 7, 2020, the company, which also sells point-of-sale equipment to small businesses, acquired 4,709 BTCs for a total of $50 million, or $10,618 per unit.
The divergence in the performance between Bitcoin and Ethereum ETFs underscores the unique market conditions each faces.
In his latest “Monday Markets” podcast, technical analyst CryptoCred offers insights into the current cryptocurrency market, focusing on Bitcoin's (CRYPTO: BTC) key levels and potential trading strategies for altcoins. What Happened: CryptoCred identifies $64,200 as a crucial resistance level for Bitcoin on the weekly timeframe, noting that it represents the highest close before a recent pullback.
Ethereum's next big move might be dependent on external factors.
JPMorgan analysts have predicted a so-called "debasement trade" could fuel a bitcoin price boom going into the U.S. election—with Trump expected to add $7.5 trillion to U.S.
TL;DR Eric Balchunas, Bloomberg's top ETF analyst, faced backlash for suggesting the U.S. government could shut down Ethereum by instructing AWS to turn off its cloud services, implying Ethereum is less secure than Bitcoin. The crypto community, including Ethereum educator Anthony Sassano and Consensys product manager Jimmy Ragosa, criticized Balchunas for spreading misinformation and propaganda.
The top 4 miners by market cap all beat their monthly production numbers
Ripple (XRP) making headlines amid ongoing legal challenges from the U.S. Securities and Exchange Commission (SEC). As of October 7, XRP has managed to stabilize around $0.54, while Bitcoin (BTC) and Ethereum (ETH) are also experiencing significant gains.
Spot Ethereum ETFs in the US have struggled since their July 2024 launch, recording zero inflows on October 7 and experiencing $550 million in outflows since launch.
America is the largest economy in the world, and its GDP is around $29 Trillion. However, despite that, Robert Kiyosaki, the popular Book author and advisor, believes that America is falling.
The U.S. government may sell a $4.38 billion Bitcoin stash following a recent Supreme Court decision tied to Silk Road assets.
Crypto exchange Binance has revealed the next Binance Launchpool project earlier today. In an official announcement, the platform revealed that it will list Scroll (SCR) on Binance Launchpool and premarket.
Recent analyses indicate a significant positive correlation between rising inflation rates and increased crypto adoption worldwide. Countries experiencing high inflation are witnessing a surge in crypto usage as individuals seek alternatives to devaluing national currencies.
Bitcoin's year-to-date return to volatility ratio is significantly lower than gold, according to analysis by Goldman Sachs.
Live digital devices, Bitcoin hardware wallets are not infallible. They require some routine upkeep, or at least a seed phrase backup.
With massive whale sales, Ethereum is approaching crucial support at $2,300. Will it bounce back to $6,000 or collapse to $1,600?
Metaplanet disclosed that it acquired around 108.8 BTC at an average price of just under 9.2 million yen per coin. With this latest purchase, the company has now invested just shy of 6 billion yen in Bitcoin since adopting it as a reserve asset back in May.
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 8, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
Becoming a Bitcoin millionaire might be harder than you think. Here's why.
Ethereum has been on a steady upward trend, with growing inflows and strengthening price levels increasing investor confidence. Wallets everywhere are seeing a rush of ETH deposits, and among them, Plus Wallet stands out as a secure wallet packed with top-tier features and valuable rewards.
Onchain data provider IntoTheBlock shared that 28.9% of all Ether had now been staked.
Onchain data provider IntoTheBlock shared that 28.9% of all Ether had now been staked.
Eric Balchunas, a senior ETF analyst at Bloomberg, found himself at the center of a heated backlash from the Ethereum community after posting what they labeled as “misinformation.” Yesterday, Balchunas shared a passage from the book “Bitcoin: Beginner's Guide” by Benjamin Hart on X (formerly Twitter).
Popular blockchain platform Whale Alert, which tracks down large cryptocurrency transactions, has spotted a massive Bitcoin transfer made less than 24 hours ago.
A closely followed crypto strategist believes Bitcoin will generate more bullish momentum if BTC manages to convincingly reclaim a key price area. Pseudonymous analyst Inmortal tells his 216,500 followers on the social media platform X that all eyes are on Bitcoin after BTC surged past $63,000 yesterday.
When the leadership of firms of the stature of Blackrock and Cantor Fitzgerald get behind something, it is not going anywhere.
Bison, a retail broker of the Boerse Stuttgart Group, has launched its insured staking offer to provide customers with step-by-step access to simple and secure staking with Ether (ETH).
Around $2.4 billion of creditor repayments could be deposited back into the crypto market, according to the K33 analysts.
Boom Bap Burger, a popular bar and burger joint, announced its decision to accept Bitcoin payments using Swiss Bitcoin Pay. Swiss Bitcoin Pay is a platform facilitating Bitcoin transactions for merchants.
Even though the third quarter was tough, Bitcoin has been very strong in 2024, continuing to be the best-performing currency. A new report from the New York Digital Investment Group (NYDIG) says that Bitcoin made a small 2.5% gain in Q3, after going down in the previous three months.
A new HBO documentary promises to reveal Satoshi Nakamoto's real identity, potentially ending a 15-year search for the enigmatic Bitcoin creator. The documentary will air on Tuesday, Oct. 8, at 9 p.m. EST.
Bison has partnered with Munich Re and Staking Facilities to offer insured Ether staking, covering risks like slashing and fraud.
Microstrategy's stock is expected to soar by 64%, fueled by its bold bitcoin investment strategy, according to Bernstein analysts. Michael Saylor's leadership and the company's vast BTC holdings, valued at $16 billion, have played a pivotal role in its performance.
If Bhutan adopts a Bitcoin standard, it might one day act as a lender of last resort for countries and institutions facing acute crises.
When/if Bitcoin ($BTC) makes its next upside move, some of the more fundamentally sound altcoins have the potential to outperform. Binance Coin ($BNB), Fantom ($FTM) and THORchain ($RUNE) are among them.
Bitcoin experienced significant volatility, briefly touching $64,400 before retreating, while MicroStrategy stock hit a 6-month high amid market turbulence and political forecasts.
Bitcoin dropped 3.76% after hitting a high of $64,443 on October 7, currently trading around $62,438. The U.S. Supreme Court has declined to hear an appeal over the ownership of 69,370 Bitcoins seized from the Silk Road.
BNB Chain has announced CoCo Coin (COCO) as the winner of the third phase of its Meme Liquidity Program, supporting meme projects with liquidity and growth.