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Spot Bitcoin exchange-traded funds experienced a third consecutive day of outflows on Oct. 3, pushing the total withdrawals over the period to $361.2 million. According to data from SoSoValue, the 12 U.S.-listed spot Bitcoin ETFs saw net outflows of $54.
Bitcoin (BTC) recently appeared poised for significant upside momentum and has experienced a notable price correction. Following a two-month high of $66,500 last Friday, the cryptocurrency retraced approximately 6% in the past week to around $60,000 by Thursday.
The third quarter of 2024 was a real whirlwind for the crypto market. While some assets shone, others are struggling to keep up.
The trend in the Bitcoin Market Value to Realized Value (MVRV) Ratio may point towards a top being yet to occur in the current cycle.
Tron's rise as a stablecoin leader highlights the growing importance of stablecoins in global finance, especially in volatile economies. The post Tron emerges as stablecoin powerhouse, outpaces Bitcoin, Ethereum, and Solana with $566 million in Q3 revenue appeared first on Crypto Briefing.
Lekker Capital chief investment officer Quinn Thomspon says this week's Bitcoin dip shows a “clear invalidation” when compared to previous price stumbles.
Bitcoin is currently trading above the $61k level and a small recovery could be on the horizon.
El Salvador President Nayib Bukele discussed the country's Bitcoin (CRYPTO: BTC)-centric policy with Argentina Vice President Victoria Villaruel during a recent official visit. What happened: A video reposted by the vice president on X showed the two leaders sitting on the opposite side of a table, with Villaruel greeting Bukele on his visit to Argentina.
Mike Novogratz, the billionaire CEO of Galaxy Digital, shared his perspective on a significant potential catalyst that could propel Bitcoin (BTC) to new heights. Speaking on CNBC's Squawk Box, Novogratz emphasized the upcoming options trading for Bitcoin exchange-traded funds (ETFs) as a transformative factor that could a surge in demand and investor interest.
Cryptocurrency prices on October 4: The broader market witnessed heightened volatility on Friday, embarking upon turbulent price trajectories. Bitcoin (BTC) price fought market volatility to rest at the $60K level today, whereas Ethereum (ETH), Solana (SOL), and XRP prices slipped 1%-4%.
The International Monetary Fund (IMF) has again urged El Salvador to scale back its Bitcoin policies and overhaul its cryptocurrency regulatory framework.
Thursday's outflows were led by Ark Invest and 21Shares' ARKB, which recorded $57.97 million in net outflows.
Terawulf stakes in Bitcoin mine will be sold to Talen Energy for $92 million.
Bitcoin has seen its demand stagnate in recent months, mirroring trends from past successful periods in 2016 and 2020. Since July, interest in the leading cryptocurrency has plateaued, leaving market watchers wondering if a recovery is on the horizon.
The Fed easing cycle will devalue USD but not BTC or gold, cautions Jack Mallers.
Renowned economist Peter Schiff scoffed at Bitcoin (CRYPTO: BTC) HODLers for being oblivious to the impending bear market. What Happened: On Thursday, the staunch Bitcoin critic took to X to highlight the leading cryptocurrency's decline against gold—an asset Schiff vehemently advocates for.
Bitcoin has once again caught the attention of veteran trader Peter Brandt, who recently highlighted a concerning trading pattern that could spell trouble for the cryptocurrency. Known for his keen insights and historical perspective, Brandt's analysis suggests that Bitcoin may be on the verge of a deeper downtrend, raising alarms for investors in an already volatile market.
Leading cryptocurrencies moved sideways Thursday as investors awaited key employment data releases to gather insight into the economy's health. Cryptocurrency Gains +/- Price (Recorded at 9:30 p.m.
Bitcoin price is consolidating above the $60,000 support. BTC seems to be eyeing a fresh increase above the $61,200 and $61,500 levels.
Franklin Templeton's proposed ETF highlights growing interest in Bitcoin and Ethereum investments.
Bitcoin's price has been showing signs of recovery after a recent dip, and traders are increasingly optimistic about its performance in October. According to a new report by Kaiko Research, significant market activity and favorable macroeconomic conditions are positioning Bitcoin (BTC) for a potential rally.
Global investment bank JPMorgan's analysts have highlighted the growing impact of the “debasement trade” in boosting gold and bitcoin prices. Gold's rise is linked to inflation, geopolitical instability, and waning trust in fiat currencies.
Bitcoin's price has experienced a rollercoaster ride recently, with a significant 10% correction over the past week, leaving many investors on edge. Despite this volatility, Bitcoin has managed to hold above a key support level, prompting some analysts and investors to maintain a cautiously optimistic outlook.
Ethereum is experiencing a prolonged period of aggressive selling pressure, leading to a marketwide sell-off. The latest data shows that ETH has significantly lost ground, with its market capitalization having dropped by billions.
The two largest cryptocurrency assets, Bitcoin and Ethereum are witnessing a notable shift in the behavior and confidence of investor as indicated by a negative trend in their network activity, leading to sluggish performances in the past months.
Bitcoin continues to capture the spotlight as analysts share their insights on the current market dynamics. Recently, Dam Gambardello, a well-regarded market expert, has provided compelling analysis suggesting that Bitcoin may be nearing its last major dip.
U.S. utility firm Talen Energy said on Thursday it has bought TeraWulf's minority stake in a 200-megawatt (MW) bitcoin mining facility in Pennsylvania.
During his official visit to Argentina, Bukele met with Victoria Villarruel, the nation's vice president, to discuss cryptocurrency and the Salvadoran experience with Bitcoin. While the meeting was private, a video released before the meeting shows Villarruel asking Bukele about the first cryptocurrency and the yet-to-be-issued bitcoin-backed “volcano bonds.
As geopolitical tensions in the Middle East heighten, Bitcoin (BTC) has struggled to break above $61,250, reflecting the broader market's uncertainty.
The IMF has been asking El Salvador for changes regarding its bitcoin law since its adoption in 2021.
The international organization still thinks Nayib Bukele's bet on Bitcoin was a bad idea.
Standard Chartered believes Bitcoin's (BTC) dip below the $60,000 level is “normal” and called the recent downturn a buying opportunity in an investor note shared with CryptoSlate on Oct. 3.
The cryptocurrency market is presently experiencing a substantial decline, as both Bitcoin and Ethereum have experienced a substantial decrease in active addresses. This trend, which has persisted throughout 2024, has triggered apprehension regarding the future of these prominent cryptocurrencies.
HBO's upcoming documentary claims it has finally uncovered the true identity of Satoshi Nakamoto, the anonymous creator of Bitcoin. Set to air next Wednesday at 2 a.m.
Traders agree that Bitcoin's short-term price prospects are strongly angled toward the downside.
If Donald Trump wins the United States presidential elections in November, the trend could accelerate, according to the report.
BlackRock reveals a steady decrease in Bitcoin volatility, enhancing portfolio returns and establishing it as a reliable asset class. The post BlackRock sees Bitcoin volatility continuing to fall appeared first on Crypto Briefing.
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%.