Bitcoin has experienced a bullish week, surging 6% since Wednesday, igniting excitement among analysts and investors who believe this could be the beginning of the next major rally. The last significant rally, from January to March, propelled Bitcoin's price up by 91%, nearing all-time highs.
NFT sales saw a solid increase this week, climbing 4.87% from the previous period to reach a total of $79.38 million. According to cryptoslam.io, the number of NFT buyers jumped by 34.13%, while sellers grew by 28.72%.
With a strong bullish reversal, the cryptocurrency market has recorded a significant uptrend over the past few days. Moreover, the Bitcoin price has breached its important resistance of $64k and is on the verge of testing its upper high.
Bitcoin and Ethereum ETFs (exchange-traded funds) recorded the highest multi-week inflows in the session ending Friday, September 27. This comes amid ongoing chatter about the crypto market's recovery.
Bitcoin traders are keeping a close watch on key economic indicators from the United States, as BTC's price bounces back 2% on September 26. After dipping to around $62,700, Bitcoin has shown resilience, suggesting a potential upward momentum as the market awaits significant macroeconomic data, including GDP figures and unemployment statistics.
Bitcoin up 22% in September thanks to the Coinbase Premium. BTC could soon reach unprecedented heights!
Bitcoin has surged past $65,000, boosted by China's stimulus measures and stablecoin inflows.
On-chain data analytics platform Arkham Intelligence recently disclosed the combined Bitcoin holdings owned by Elon Musk's firms, Tesla and SpaceX. The disclosure comes amid rising momentum in the price of Bitcoin (BTC) following the 50 basis points rate cut implemented by the U.S. Federal Reserve earlier this month.
Liquidity flowing into spot Bitcoin ETFs surpassed $1b this week; Will there be a new all-time high for the top cryptocurrency over the next three months?
Bitcoin and crypto prices have surged this week, climbing as traders brace for a major earthquake.
Here's why this crypto VC founder believes this might be last important BTC halving.
Arthur Hayes, co-founder of BitMEX, highlighted the contrast between the vibrant crypto community and traditional finance while predicting a "volatility supercycle" in his latest essay. What Happened: Hayes admitted that his short-term predictions are often inaccurate, but the overarching thesis of central bank intervention remains valid.
The S&P 500 index currently looks bullish. At present, it stands at 5,738.16. Since its mid-March peak of 5,253.63, the market has achieved at least 9.22% growth. Miles Deutsher, a crypto expert, conducted a comparative analysis between the S&P 500 market and the Bitcoin market. Some of the insights from his analysis are truly astounding.
BlackRock's recent endorsement of Bitcoin highlights the cryptocurrency's potential to grow for years to come.
A closely followed crypto strategist and trader says one enterprise solutions project may have more upside potential. Pseudonymous analyst Altcoin Sherpa tells his 222,700 followers on the social media platform X that Zilliqa (ZIL) may continue its breakout on the weekly chart.
The last time the correlation between the asset classes was this high was during the 2022 correction.
Israeli military on Saturday claims it has killed Hezbollah leader Hassan Nasrallah in an airstrike, raising geopolitical tensions in the global markets. Bitcoin price has slipped nearly 1% to $65.6K in the last few hours, risking further retracement to low support levels.
Cryptocurrency analyst Leon Waidmann, Onchain Foundation's Head of Research, tracked the liquidity dynamics in Bitcoin- and Ethereum-based investment products of Grayscale since the moment of conversion to spot ETFs. So far, Ethereum (ETH) demonstrates better potential.
One of the top NBA players in the past, Scottie Pippen, continues to attract ridicule by posting about Satoshi Nakamoto talking to him in his dream and passing secret knowledge about future Bitcoin price moves.
U.S.-listed spot Bitcoin ETFs finish the week strong, pulling a combined $1.1. billion amid renewed institutional interest in BTC.
In a recent interview with Fox Business, Howard Lutnick, the CEO of Cantor Fitzgerald, strongly criticized Bitcoin skeptics and made a bold statement in favor of BTC. His statement has triggered discussions across social media platforms. Many have come forward to openly support the views of Lutnick. Let's analyze his statement and its possible impact.
Bitcoin has recovered, hitting an intraday peak of $66,376, up 1.29% today and 5% over the past week. Bitcoin's price surge comes after the release of the US PCE report and the Federal Reserve's decision to lower interest rates.
10x Research founder Markus Thielen has predicted that the Bitcoin price would reclaim $70,000 in the next two weeks and break above its current all-time high (ATH) of $73,000 by late October. He also alluded to the surge in stablecoin liquidity and China's recent monetary easing policy as what could fuel this crypto rally.
Bitcoin has been navigating a prolonged accumulation phase since it reached its peak in mid-March. Initially dominated by institutional and long-term investors, this trend is now witnessing a significant shift as retail investors step in to bolster Bitcoin's prospects.
With a bullish trend in the crypto market, Bitcoin enthusiasts are anticipating a new all-time high. Similarly, Ethereum and XRP holders anticipate a trend reversal rally to create new 52-week highs before 2024 ends. With the high hopes of a bull run, BTC, ETH, and XRP signal a massive jump this week.
As Bitcoin broke the $65,000 barrier, altcoins like SHIB, W, and SEI rallied, fuelled by bullish market sentiment.
Bitcoin (BTC) saw a brief pullback but continued its upward momentum, holding steady at around $65,500. This positive trend coincided with the early release of Binance founder Changpeng Zhao (CZ) from California's Lompoc II detention center.
A divergence in fundamentals has allowed ETH to maintain steady gains.
BlackRock remains steady with its Bitcoin accumulation appetite, growing its portfolio to 363,626 BTC as of Friday, September 27. The asset manager has been bullish on crypto for nearly a decade and does not show signs of stopping.
The pseudonymous social media marketing lead of the SHIB team known to the community as Lucie has boasted another milestone reached by Shiba Inu. This time, it was featured by fund management giant Grayscale in its weekly report.
Markus Thielen, Head of Research at 10x Research, disclosed that the September rate cuts by the Federal Reserve and China's stimulus have stimulated a new ‘FOMO' wave in the crypto industry. He noted that Bitcoin had surged 5%, Ethereum had risen 11%, and altcoins like SHIB, ENA, and SEI gained 36%, 51%, and 54%, respectively, since the rate cuts.
Michael Saylor, Bitcoin permabull and the co-founder of MicroStrategy juggernaut which stacks BTC, has published a tweet to highlight Bitcoin's high performance which has massively surpassed that of leading assets in conventional financial markets.
SHIB has been skyrocketing lately, adding 42% of value in a week.
Bitcoin is showing signs of hope after being stuck in a cycle of lower highs and lows. Recently, it surged above $66,000 for the first time in five weeks, hitting $66,397! With the Crypto Fear and Greed Index now at 64, we're officially in the “greed” zone.
Bitcoin (BTC) is capturing the attention of traders and investors alike as it experiences a notable upswing. Following a robust 13% gain over the last two weeks, many are speculating whether the leading cryptocurrency is set to enter a parabolic phase.
Bitcoin price surged above $66,000 as it heads towards the end of the monthly trade, flipping the bearish narrative. The technicals have also flipped to bullish, validating a potential bullish narrative for Q4, 2024. Regardless of the growing strength of the bulls, the price remains stuck within a descending trend.
Cantor Fitzgerald CEO Howard Lutnick advocates for Bitcoin to be classified as a commodity, citing its similarities to gold and oil.
Cantor Fitzgerald CEO Howard Lutnick advocates for Bitcoin to be classified as a commodity, citing its similarities to gold and oil.
Cryptocurrency analyst Kevin Svenson believes Bitcoin (BTC) and altcoins will witness big upside bursts for the rest of the year. In a new video, Svenson tells his 79,800 YouTube subscribers that Bitcoin and altcoins are poised for more gains over the coming weeks and months.
The U.S. spot Bitcoin ETF market is on fire, with inflows soaring past $1 billion this week! Thanks to the Fed's rate cuts, institutional demand for Bitcoin skyrockets, and BlackRock is leading the charge. The asset giant has aggressively boosted its Bitcoin ETF (IBIT) holdings to 198,874 shares, up from just 43,000 in June.
Bitcoin (BTC) looks poised to record its best September in a decade, surging past $65,000. This uncharacteristic price appreciation could be attributed to several key factors.
The landscape of cryptocurrency investments continues to evolve, with US spot Bitcoin exchange-traded funds (ETFs) marking a significant milestone. As of September 26, 2024, these ETFs have experienced their fifth consecutive day of inflows, collectively attracting $106 million.
Cryptocurrency News Today: The global cryptocurrency market cap has climbed by 1.14% in the past 24 hours, pushing it to $2.32 trillion. While the overall market sentiment remains neutral with a Fear & Greed Index at 57, the 24-hour trading volume has taken a dip, dropping by 12.04% to $76.59 billion.
U.S. spot Bitcoin ETFs witnessed daily total net inflows worth $494.27 million on September 27th. The inflows marked a six-day positive streak that started on September 19th.
Spot Bitcoin ETF inflows hit $494 million on September 27 with over $1 billion this week.
Bitcoin is showing strong signs of a bullish trend on its chart. As the price edges closer to key liquidity levels, there's potential for a short squeeze in the short term. According to analyst Josh of Crypto World, the Bitcoin Relative Strength Index (RSI) is entering the overbought zone.
The cryptocurrency world is abuzz with the recent approval of Bitcoin ETF options trading by the U.S. Securities and Exchange Commission (SEC). This latest move, beginning with BlackRock's iShares Bitcoin Trust, is a significant development in the crypto space, especially for Bitcoin's options market.