Bitcoin and Ethereum exchange-traded funds (ETFs) have recently experienced substantial net outflows. This trend indicates a growing sense of caution among investors amid rising market volatility and fluctuating asset prices.
Bitcoin is experiencing significant volatility and uncertainty after falling below the $60,000 mark. This dip has sparked mixed reactions among investors.
Bitcoin is currently hovering above a key support level, and any minor selloff triggered by a group of traders could potentially snowball into a wave of intense selling pressure. This fragile situation is underscored by data from the on-chain analytics firm Santiment, which revealed that over 30,000 BTC, valued at approximately $1.83 billion, has been transferred to crypto exchanges within a short period.
Bitcoin-based non-fungible token (NFT) protocol Runes has seen transaction volume increase in the past week, according to data from Dune analytics. With the rise in Runes transactions, the protocol is gradually regaining a significant percentage of the transaction volume on the Bitcoin network.
The cryptocurrency market has been on the rise again, with Bitcoin at the forefront. Last week, Bitcoin climbed above $64,000, reaching hitting a four-week high.
Cryptocurrency markets were trading higher before entering the weekend with altcoins also being pushed up. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $63,000.44 +5.8% Ethereum (CRYPTO: ETH) $2,459.54 +4.3% Solana (CRYPTO: SOL) $145.88 +6.2% Dogecoin (CRYPTO: DOGE) $0.111 +6.2% Shiba Inu (CRYPTO: SHIB) $0.00001775 +8.2% Notable Statistics: IntoTheBlock data showed large transaction volume decreasing by 23.2% and daily active addresses up by 3.6%.
Thursday's panic has passed, and the bulls are back in control.
Bitcoin price action hinges on key resistance levels, as traders eye potential catalysts like the latest Michigan Consumer Sentiment report.
Michael Saylor has an ambition plan to turn MicroStrategy (NASDAQ:MSTR) into the top Bitcoin (CRYPTO: BTC) bank. What Happened: Saylor recently called MicroStrategy a "merchant bank.
Metaplanet, a company listed on the Tokyo Stock Exchange, has bolstered its bitcoin (BTC) holdings with the purchase of an additional 108.99 BTC. Following this recent acquisition, the Japanese investment firm now boasts a total of 748.50 BTC in its reserves.
The anti-crypto CEO of the somehow pro-crypto JPMorgan just basically admitted that he knows our current global financial system is inevitably going to lead to a wide recession. It's weird because as he did that, he also actively remains a savage critic of Bitcoin, the one thing that actually can save the global economy.
Bitcoin's price is showing signs of weakness as investors cash out billions in profits, leading analysts to predict a potential crash. In the past 24 hours, $5.64 billion worth of realized Bitcoin profits has been recorded, suggesting that traders may be preparing for a price decline.
The S&P 500 is up 60% over the last two years, but Bitcoin's price jump during the same span has crushed that mark.
Bitcoin price returned to the $63 k territory on Friday, but a psychological barrier awaits at the $65k mark.
Will BTC fall even further or is a reversal on the cards now?
The Bitcoin price briefly crashed below $60,000 for the first time since September. This price decline followed the release of the Consumer Price Index (CPI) inflation data, which came in higher than expected.
Bitcoin and altcoins made a strong comeback on Oct. 11, indicating solid buying at lower levels.
A widely followed crypto analyst is staying bullish on Bitcoin (BTC) while updating his outlook on layer-1 blockchain Aptos (APT) and one memecoin that has printed massive gains during the last 10 months.
Bitcoin (BTC) saw some relevant volatility since early September and most recently following a predicted volatile roadmap by Ali Martinez. If Bitcoin continues to follow his analysis, the leading cryptocurrency could soon reach a new all-time high of $78,000.
Michael Saylor, founder and executive chairman of MicroStrategy, has revealed the company's endgame is to become a bitcoin investment bank—and to buy up to $150 billion of bitcoin
MicroStrategy (NASDAQ: MSTR) is once again making headlines with its ambitious plan to transform into the world's first “Bitcoin bank,” a move that has sparked renewed interest from investors.
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Jeremy Allaire, CEO of Circle, provides an update on the company's plans to go public and its strategy in a lower-rate environment.
Bitcoin (BTC) is on track to experience its longest period of sideways trading during a halving year if it doesn't show significant upward movement within the next 14 days. According to a dashboard shared by CryptoQuant CEO Ki Young Ju, the longest time BTC took to rise was 298 days.
Tron (TRX), the cryptocurrency that often plays a quieter role behind heavyweights like Bitcoin and Ethereum, is making waves. On October 10, 2024, TRX showed significant signs of decoupling from its larger counterparts, sparking speculation about its potential to hit a new all-time high (ATH).
Back in February, renowned macro guru Raoul Pal, famous for his bold predictions about the crypto market, predicted Bitcoin (CRYPTO: BTC) could skyrocket to $250,000. Ethereum (CRYPTO: ETH), he added, could reach between $15,000 and $20,000 while Solana (CRYPTO: SOL) might climb to between $750 and $1,000 within the next 18 months.
The Bitcoin price hasn't made a great start to October, with the ‘Uptober' rally not going as planned. However, the flagship crypto still has a long-term bullish outlook, considering several factors both on the macro side and in the crypto space.
This week has turned out to be a pessimistic one for the Spot Bitcoin Exchange-Traded Funds (ETFs) as the historic products have experienced consistent negative outflows in the past few days in light of recent price swings.
For an extended period, Exodus Wallet has been a top choice among Bitcoin wallets, known for its dependable security and user-friendly operation. Nonetheless, emerging wallets are entering the scene, introducing innovative features and appealing incentives.
With nearly $16 billion worth of Bitcoin in the bank, MicroStrategy's Michael Saylor shares big plans ahead for BTC.
Despite Bitcoin's (BTC) impressive price recovery, asset management giant BlackRock made a significant move that caught the attention of crypto enthusiasts. Recently, the blockchain-based transaction tracker Lookonchain made a post on X (previously Twitter) that BlackRock sold 182 BTC worth $11.34 million.
The cryptocurrency market is witnessing contrasting trends between Bitcoin and Ethereum ETFs, highlighting a divergence in investor sentiment. Recent data reveals that Bitcoin ETFs have seen substantial inflows totaling $204.7 million, while Ethereum ETFs experienced outflows amounting to $9.69 million.
In an unprecedented move, Australian Computer Scientist Dr. Craig Wright has filed another legal claim against Bitcoin Core developers. As spotted by BitMEX Research, the Caseboard legal suit tracker showed that Craig Wright filed the case on October 10, 2024.
Bitcoin increased by 3% reaching $62,400 as the S&P 500 hit a record high of 5819, reflecting strong market optimism. The post Bitcoin rises 3% as S&P 500's hits all-time high appeared first on Crypto Briefing.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
The answer to why institutional support is growing for bitcoin products and services is fairly simple: Wall Street found the money.
Inflationary pressures have once again come under the spotlight as the U.S. released its latest Producer Price Index (PPI) data on October 11, 2024, for the month of September.
Seasoned trader Peter Brandt is leaning bearish on Bitcoin (BTC) as the benchmark cryptocurrency hovers 17% below its all-time. New signals suggest BTC could be set for a steep downward move.
Bitcoin's (CRYPTO: BTC) recent price fluctuations won't deter crypto trader Astronomer Zero's bullish outlook on the crypto king supported by highly accurate signals. What Happened: Astronomer Zero stated that all his analyses are still valid despite the recent market fluctuations.
The crypto wallets of Mt. Gox still hold 2.8 billion dollars in Bitcoin awaiting distribution.
QCP Capital analysts remain optimistic about a potential "Uptober" rally for bitcoin, provided it maintains support above the $60,000 level.
Bitcoin's price has shown resilience by staying just above the $62,000 mark, despite uncertainty in the market. Minor fluctuations have kept the price within a predictable range, while traders and investors await a potential breakout. The key resistance level remains at $65,000, a psychological threshold that could signal new upward momentum if breached.
A closely followed crypto strategist is issuing a warning about Bitcoin (BTC) after the flagship digital asset dipped below the $60,000 range on Thursday. Pseudonymous analyst Credible Crypto tells his 424,500 followers on the social media platform X that Bitcoin needs to hold $58,000 as support to avoid plummeting much further.
MicroStrategy's Bitcoin bank ambitions could reshape financial markets, influencing corporate strategies and potentially driving Bitcoin's mainstream adoption. The post MicroStrategy stock soars 10% as it pursues Bitcoin bank ambitions appeared first on Crypto Briefing.
Bitcoin is at a crossroads right now, and whales might have something to do with it!
A recent HBO documentary has reignited discussions about Bitcoin's mysterious creator, Satoshi Nakamoto, with speculation that developer Peter Todd may be behind the pseudonym.
What are miners actually planning for going into the near term future?