Today, Bitcoin is experiencing a significant rally, approaching it's all-time highs. Looking beyond the election, the future of the entire crypto ecosystem is in question. Many are speculating about Bitcoin reaching $80,000, $90,000, or even $1 million in the next few years.
The Bitcoin market reached the $74,000 mark on Tuesday, but at this point in time, we are seeing Wednesday show signs of selling pressure. Ultimately, the market is trying to see if we can build up a lot of momentum in order for it to break out.
A new suggests that Bitcoin (CRYPTO: BTC) may surge to $101,694 by January 27, 2025, buoyed by strong market momentum and increasing institutional demand through spot ETFs. What Happened: The report, by 10x Research, highlights Bitcoin's resilience as it reached a six-month high, a milestone that has historically led to a median three-month return of +40%.
Bitcoin is soaring once again, but Bitcoin.
In some sense, the protocol is keeping Ethereum's original vision of using sharding to scale the network alive.
An analyst with a history of timely Bitcoin calls believes that conditions are now ripe for BTC to witness huge upside bursts to new all-time highs.
The consumer-grade public chain Morph officially debuts on the Ethereum mainnet, enhancing blockchain accessibility.
Analysts at 10x Research have made a bold prediction that Bitcoin (BTC) could hit the $100,000 mark by January 2025.
BOB's aim is to create bridges between itself and layer-1 blockchains like Ethereum, with the ultimate goal of making Bitcoin the center of DeFi. Its decision adds to the critical mass of blockchain developers choosing to build on Optimism's OP Stack.
RCO Finance is making a big impact in the crypto world with its innovative AI tool, designed specifically for trading Bitcoin and Ethereum. This advanced platform simplifies trading by creating personalized strategies tailored to each user's unique needs, making crypto trading more accessible.
On-chain data shows the Bitcoin short-term holders have only been taking minimal profits recently despite the asset's latest rally. Bitcoin Short-Term Holder SOPR Is Currently At Relatively Low Levels As pointed out by an analyst in a CryptoQuant Quicktake post, the short-term holder SOPR is still under the range that has signaled overheated conditions for the asset during the past year.
As Bitcoin ($BTC), Solana ($SOL) and others have led the cryptocurrency fight-back, Ethereum (ETH) the number two cryptocurrency by market capitalization has seriously underperformed. However, now that $BTC has pulled back from its all-time high, $ETH has remained strong.
Bitcoin's price has surged over 5% in the past 24 hours, reaching $71,000 for the first time since early June, bringing the cryptocurrency closer to its record high of $73,000. This impressive rally has had a notable impact on the broader crypto market, leading to a 3% increase in total market capitalization to around $2.51 trillion.
Although the broader crypto market outlook has been sideways, Ethereum price is traversing a smaller range. For the first time in the past 85 days, ETH has shown signs that it is edging closer to breaking out of this range.
Bhutan's government has just made a huge Bitcoin move, transferring 929 BTC worth over $66 million to Binance, a leading crypto exchange. Many in the crypto world see this move as possible profit-taking, especially since Bitcoin just reached $73,000, its highest since March.
Bitcoin appears primed for new highs before 2025, according to numerous BTC price metrics.
Continued ETF inflows could help push Bitcoin to a new all-time high, which the asset came within $200 of on Oct. 29.
Samson Mow, Bitcoin maximalist and chief executive officer at the JAN3 company focused on helping nation-states to adopt BTC, has commented on today's BTC price surge above the $73,000 level.
The recent jump in the price of Bitcoin (BTC) to $73,620, almost reaching its all-time high from March, has led to some interesting insights from notable analysts, including veteran trader Peter Brandt. Many consider Brandt a trading legend.
Bitcoin price pulled back slightly after nearly retesting its all-time high of $73,800 on Oct. 29. Bitcoin (BTC) trading at $71,800 as crypto analysts predicted an eventual bullish breakout in the coming days.
The spot Bitcoin exchange-traded funds (ETFs) launched earlier this year after securing approval from the U.S. Securities and Exchange Commission have surpassed $23 billion in total inflows, with these funds seeing their third-highest daily inflows after BTC's price topped $72,000.
Bitcoin's ATH journey succeeded in the EU and Canada but in American, the struggle continues.
Bitcoin (BTC), the largest cryptocurrency by market capitalization, rose to $73,624 on Tuesday before falling below $72,000 early Wednesday.
CoinDesk's Jennifer Sanasie breaks down the driving forces behind bitcoin's recent surge that sent the price close to its all-time high. Plus, the resilience and confidence of bitcoin amid varying political sways.
This is a segment from the Empire newsletter. To read full editions, subscribe.
BlackRock's IBIT saw $3.36 billion worth of trading volume yesterday—its highest level in the past six months.
Pseudonymous analyst Lazy Villager analyzing Bitcoin's (CRYPTO: BTC) recent price surge and its potential connection to the upcoming U.S. presidential election. What Happened: Lazy Villager noted in a post on X on Wednesday that despite recent strong inflows into Bitcoin ETFs, the growth potential in the year's final quarter may be capped.
Bitcoin (BTC) is still expanding in relation to the global M2 money supply. In 2025, M2 may continue to expand slowly in the US and the Euro Area.
A Bitcoin wallet containing around 749 BTC, equivalent to roughly $53.2 million, has been reactivated after nearly 12 years of inactivity. This sudden move in funds was detected in the early hours of Tuesday, as blockchain tracking platforms such as Mempool and Whale Alert recorded a transfer of approximately 159.2 BTC, valued at $11.3 million, from this long-dormant wallet.
A gigantic net inflow of $827M to the Spot Bitcoin ETFs on Tuesday helped to push $BTC practically to its all-time high of $73,800. The price has since pulled back to settle around $72,000.
The crypto business has portrayed a constant rise of 3.83% over the previous day, bringing the global market cap to $2.44 Trillion. Successively, the intraday trading volumes have also shot up by 5.95% to $103.73 billion.
With the broader digital currency ecosystem in an uptrend, Ethereum's (ETH) performance has come to the fore. While Ethereum has not performed badly, many still consider its growth subpar, especially as Bitcoin almost retested its all-time high (ATH) recently.
In the latest YouTube video, Altcoin Daily has shared some insights on how Bitcoin is soaring and is just about to break through its all-time highs of and just short of 1% of its highs seen earlier in 2024.
PayPal, one of the biggest Fintech company with $82.5 billion in assets under management and 432 million customers, now holds more than $2.
With gold and Bitcoin both at or near record highs, the debate over which is better ‘hard money' is heating up as investors seek hedges against economic uncertainty, inflation, and geopolitical change.
If investors cash out, BTC's bull rally can likely lose momentum.
Bitcoin is approaching an all-time high, with demand from exchange-traded funds (ETFs) driving its current rally, according to a recent analysis from Cryptoquant.
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 30, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
“Bitcoin is currently being used as a liquid proxy to hedge a Trump win,” which was previously seen as “underpriced,” according to an analyst.
The world of cryptocurrency is witnessing an unprecedented transformation, highlighted by a staggering $22 billion in inflows to spot Bitcoin exchange-traded funds (ETFs). This remarkable growth can be largely attributed to retail investors, who now account for approximately 80% of total assets within these funds.
Bitcoin could see a 10% move, or $7,000, on election day according to options markets, suggesting we may be in for a highly volatile week in the coming days.
Ethereum whales have been accumulating the asset as the Oct. 23 price drop brought a buying opportunity. According to data provided by IntoTheBlock, large Ethereum (ETH) addresses saw a net inflow of over 598,000 ETH over the past week—worth $1.
Danny Baer of Meanwhile explains why some long-term Bitcoin hodlers are suddenly excited about whole life insurance policies.
Over-the-counter desks hold 416,000 bitcoin ($30 billion), a level that has remained stagnant for the past month.
Co-founder of Satoshi Action Fund, Dennis Porter, claims a Democratic lawmaker is planning to introduce a legislation that would protect the rights of Bitcoin holders in a Democratic trifecta state, known as the Bitcoin Rights Bill.
Seasoned trader Peter Brandt believes that Bitcoin (BTC) may have entered the most explosive phase of the market cycle after reclaiming the $70,000 range Tuesday.
Bitcoin price came within touching distance of its all-time highs on Tuesday, but faces a psychological struggle that could block a rally.
TL;DR BlackRock's iShares Bitcoin Trust (IBIT) hits a six-month high in trading volume, reaching $3.36 billion on October 29, 2024, driven by rising Bitcoin prices and growing institutional interest. Institutional investors, driven by FOMO, contributed to substantial inflows, with IBIT seeing $642.