Following the best September in its history, Bitcoin (BTC) might be facing a ‘Dumptober' instead of an ‘Uptober' as it begins its first week of the month in a bearish setting, and artificial intelligence (AI) and machine learning (ML) algorithms seem to be pessimistic as well.

Analysis of Bitcoin address outflow patterns indicates a correlation between address activity types and Bitcoin's price movements from 2014 to 2024. Per CryptoQuant data, shifts in outflow trends among different address categories reflect underlying market trends and participant behaviors.

Economist and macro trader Alex Krüger voiced caution about the sudden market optimism, coined as "Uptober", highlighting the looming uncertainty of the U.S. election year and its potential impact on market volatility. What Happened: Krüger highlighted the unexpected bullishness following the last FOMC meeting but emphasized that it was two weeks ago, and the situation has since evolved.

"Minor corrections are in the offing in the market. Altcoins, particularly ETH will show growth," one analyst said in a note.

Analysts are raising alarms about Bitcoin's current price action, noticing a significant bearish signal on the charts. As Bitcoin continues to pull back from overbought levels, it's moving closer to oversold territory, raising concerns among traders. According to analyst Josh of Crypto World, Bitcoin is once again facing rejection at a critical resistance line.

On-chain data shows the Bitcoin Active Addresses have continued to see a steep decline recently, a sign that could be bearish for BTC.

Why are markets staying calm while the Middle East is on fire? Is Bitcoin really immune to geopolitical chaos, or are we missing something bigger here?

BTC price expectations get flipped on their head as geopolitical uncertainty rocks Bitcoin and risk assets.

Fear and panic have gripped crypto markets again, with analysts predicting doom and gloom price crashes for Bitcoin.

As October begins, Bitcoin remains in a relatively strong position. After hitting a low of $52,756 on September 6, BTC rebounded impressively, ending September with over 7% gains.

TL;DR September 2024 saw the lowest monthly revenue for Bitcoin miners this year, with earnings dropping to $815.7 million, a 4% decline from August. Reduced transaction fees and high operating costs significantly impacted miners' profitability, with total operating costs estimated at around $650 million.

Investors around the world are holding their breath as Bitcoin, the largest of the cryptocurrencies, plunges to $61,000. This drop, marked by unexpected fluctuations, forebodes tumultuous days for the market.

As Democrats seek a "crypto reset," support for a strategic Bitcoin reserve gains momentum with a key endorsement from Representative Ro Khanna.

Bitcoin could still be on pace to hit $100,000 by the end of 2024. Here's why.

Bitcoin (BTC) fell as low as $60,300 earlier today due to escalating tensions in the Middle East that have spooked the crypto and traditional markets. The world's largest cryptocurrency is down almost 4% in the past 24 hours following Iran's attack on Israel.

Billy Markus, who is known for his contribution to the creation of Dogecoin (DOGE), the most famous meme cryptocurrency, who even adopted the nickname Shibetoshi Nakamoto, has once again touched on the matter of his cryptocurrency holdings.

Bitcoin's expected "Uptober" rally may face challenges as a surge in OTC desk Bitcoin holdings suggests increased selling pressure, potentially hindering its upward momentum.

Ripple price could skyrocket XRP ETF optimism was revived by Bitwise Asset Management's filing in Delaware. If approved, this will be the first XRP ETF for the United States market.

Following the recent turn of events in which Iran fired a volley of about 180 ballistic missiles at Israel, the price of the maiden cryptocurrency, Bitcoin (BTC), retrieved to the $61,000 zone, retracing the previous advances that saw it surpass the psychological level at $66,000 in the past week.

Bitcoin was trying to recover from its 5% dip on October 1 and the community was waiting for the beginning of the Uptober Bullrull when BTC gave them one more shock with another 5.9% dip. This sent the largest cryptocurrency to bottom at $60,200.

U.S. spot Bitcoin ETFs have emerged in the spotlight after recording $242.53 million in negative flows.

October has historically been a favorable month for Bitcoin. In October 2023, the Bitcoin market experienced an impressive surge of +28.5% – significant as it was the second-highest monthly return of 2023 after January's return of +39.9%. Since 2011, at least nine times the month of October has reported a positive monthly return.

Bitcoin started the month of October on a negative note, deviating from what many investors had expected leading up to the month. Bitcoin, which had been on a notable price increase earlier, started to face setbacks as September ended, leading up to the first 24 hours of October.

Key points:

Rising tensions in the Middle East seem to be the predominant reason behind Bitcoin's latest drop.

Sanctioned crypto mining firm BitRiver suggests Russia could soon outpace the U.S. in mining due to favorable regulations. As U.S.

Bitcoin mining revenues are slowing down, affecting the margins of both individual and corporate miners. Activity and fees are trending down as interest in Runes and Ordinals diminished.

Investors are searching for coins to buy as uncertainty floods the crypto markets in the wake of increasing geopolitical conflict between Iran and Israel in the Middle East. The total crypto market cap dropped by 5.2% in the last 24 hours and is sitting at $2.273 trillion.

A popular on-chain analyst says Bitcoin (BTC) is no longer looking bearish based on several key indicators. Pseudonymous on-chain sleuth Checkmate tells his 98,300 followers on the social media platform X that Bitcoin's Active-Value-to-Investor-Value (AVIV) ratio has moved from a downtrend signal to a neutral one.

As October kicks off, traders on Binance are making bold moves with Bitcoin (BTC). A significant 61.36% of traders are going long, believing that Bitcoin's price will rise this month. This comes after a strong September, where Bitcoin ended with a great 7.35% gain, marking its best September ever.

Gold price gained in value in the past 24 hours while Bitcoin price declined around 4 percent as Iran attacked Israel in an escalating Middle East geopolitical crisis.

Proton Management denies stealing Swan Bitcoin's mining business, arguing that Swan never had a mining business to steal, and seeks dismissal of the lawsuit.

Analyst Peter Brandt recently indicated that despite a temporary uptick in Bitcoin price, the cryptocurrency has not overcome the crucial resistance levels necessary to shift its longer-term bearish trajectory. Brandt's analysis suggests that for a bullish reversal to occur, Bitcoin must not only breach the $71,000 mark but also set a new all-time high beyond

September posed significant challenges for Bitcoin, from record-low mining profitability and price drops due to

The outflows snapped an eight-day winning streak as BTC lost as much as 6% amid an acute heightening of tensions in the Middle East.

Bitcoin remains bearish despite the recent rally, with critical levels to watch for a potential trend reversal.

Bitcoin's sudden drop to $60,300 triggered $450 million in liquidations amid Middle East tensions, despite October's historically bullish trend for cryptocurrencies.

Bitcoin (BTC) surges 26.2% since early September, hitting $65,000. Historical trends suggest October could be a bullish month, according to Bitfinex Alpha.

Middle Eastern tensions heightened considerably on Tuesday as Iran fired a barrage of missiles into Israel, following the Israeli incursion into Lebanon. Markets fell on the news, and Bitcoin crashed to $60,200 before recovering.

Global liquidity trends, driven by China's monetary policy and potential Fed rate cuts, may influence Bitcoin's price trajectory in the coming months.

The thesis that Bitcoin (CRYPTO: BTC) would keep investors' wealth secured during geopolitical risks was negated after the leading cryptocurrency plunged along with stocks over fears of a full-fledged war in the Middle East. What happened: The world's largest cryptocurrency slipped below $62,000, down about 3.52%, as news of Iran launching a missile barrage toward Israel spooked markets.

In a recent interview, Michael Novogratz, CEO of Galaxy, predicted a significant boost for Bitcoin (CRYPTO: BTC) with the advent of options trading on ETFs. This forecast comes amidst ongoing discussions about the Federal Reserve's interest rate decisions and their potential impact on Bitcoin prices.

Bitcoin price opened trading at $60,800 on Oct 2, down 9.5% in 3 days, can BTC hold the $60k support amid escalating crisis in the Middle-East?

U.S. spot bitcoin ETFs recorded $242.53 million in net outflows on Tuesday, with Fidelity's FBTC leading the outflows.

Bitcoin's mining activity is often seen as a barometer for the overall health of the market. Recent on-chain data reveals that Bitcoin's mining hashrate has settled at low levels, concerns about miners' confidence in the cryptocurrency's ability to maintain its recent rally.

Bitcoin mining companies saw a sharp decline in profitability in September, according to an article by David Pan for Bloomberg News, citing a report by J.P. Morgan. Analysts Reginald L.

On October 1, CME Group, the world's largest derivatives marketplace, announced the successful launch of its highly anticipated Bitcoin Friday Futures (BFF). The new product saw 31,498 contracts traded across two different contract weeks on its first day, making it the company's most successful crypto futures launch to date.