The analyst suggests Bitcoin's relative inactivity could signal a bearish turn, based on past market cycles.
Bitcoin's (BTC) price movement has failed to excite investors as sideways trading has persisted. While the situation is not too bleak for the coin, it has failed to clear the next resistance levels and target the next highs.
Michael Saylor, the founder and executive chairman of MicroStrategy, laid out his plan for the company in a recent interview. The goal? To transform MicroStrategy into the leading Bitcoin bank.
Bitcoin (BTC) is drawing considerable attention, particularly regarding its potential to hit the $67,000 mark. This price level has emerged as a focal point due to significant liquidation pools forming on major exchanges, suggesting that critical market movements could be on the horizon.
As Bitcoin‘s price continues to fluctuate, determining its next trajectory has become a major discussion within the general cryptocurrency community, with several analysts pointing to various developments that could ignite BTC's next move, either on the upside or downside.
On Friday, $1.1 billion in Bitcoin options are set to expire, potentially affecting the BTC price, which briefly dipped below $60,000 earlier in the day.
Alarming CPI data and new legal challenges yet again prevented Bitcoin (BTC) from entering the bull market. Should it spend two more weeks in limbo, BTC's performance might end in a situation that has never been seen before, according to CryptoQuant's founder.
Bitcoin (BTC) approaches the final quarter of 2024, new insights from K33 Research suggest that developments in the ongoing FTX bankruptcy case could play a significant role in bolstering the cryptocurrency's price. This potential for a bullish trend arises amidst various market fluctuations, offering hope to investors as they navigate the current landscape.
Finbold turned to Perplexity Online artificial intelligence (AI) to gather and consolidate up-to-date analyses for a Bitcoin (BTC) price prediction. Perplexity is a unique AI mode capable of real-time web scanning, listed among OpenAI's most feared competitors, as Finbold reported.
Japanese investment firm Metaplanet has increased its Bitcoin holdings to over 700 BTC after its latest acquisition of the top crypto asset. On Oct. 11, Metaplanet confirmed the purchase of an additional 108.999 BTC for ¥1 billion.
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 11, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
As Bitcoin experiences fluctuations, many investors are pondering its future price and whether it could hit a significant peak by 2025.
TL;DR Bitcoin's Price Drop: Bitcoin's price fell by 3% to $58,900 after the latest CPI data release, causing market-wide concern. Massive Liquidations: The price drop led to approximately $196 million in Bitcoin liquidations, highlighting the market's volatility.
Despite favorable US CPI data, Bitcoin crashed nearly 4% on Thursday. This sudden drop, however, is almost undone as BTC shot up 3.68% in the past 12 hours.
Japanese investment firm Metaplanet has bought $6.7 million worth of Bitcoin, adding 108.99 BTC to their expanding cryptocurrency reserves. On Oct. 11, Metaplanet invested ¥1 billion or equal to $6.7 million in Bitcoin(BTC) reserves.
Bitcoin's boring price action, characterized by continued accumulation by small investors, is being attributed to several reasons. including the U.S. election uncertainty and renewed uptick in the U.S. Treasury yields.
This week, Bitcoin is seeing a critical options expiry, where traders face an intense showdown between calls and put. However, the crypto market faces a significant event as $1.61 billion worth of Bitcoin and Ethereum options contracts are set to expire Meanwhile, Data from Deribit reveals that 18,271 Bitcoin options contracts are expiring today.
Neiro is surprising everyone right now. While most of the crypto market, including Bitcoin and Ethereum, is down, Neiro has surged by 52.65% in just the last 24 hours. It's currently trading at $0.089. Pretty wild, considering how things have been for other cryptos. Let's dive deeper and analyze what is happening.
The October bullish narrative for Bitcoin is gradually losing steam as investors show fear of further capitulation amid low demand from institutional investors.
A key level could be instrumental for BTC's price action.
MicroStrategy seeks to borrow money at low rates, offer slightly higher rates to lenders, and invest those funds into bitcoin.
With Donald Trump making significant gains over Kamala Harris on Polymarket prediction platform, Trump-themed meme coins are having a gala period despite broader market correction.
The crypto market has witnessed mixed price actions over the past few sessions, leading to considerable investor speculation. Bitcoin (BTC) continued to trade below $61,000 and registered a marginal drop over the past 24 hours.
Bitcoin's recent market trends have left many investors wondering about the future of the cryptocurrency. After reaching an all-time high of $73,750 in March 2024, Bitcoin has now entered a bear market phase, according to the Bitcoin Bull-Bear Market Cycle Indicator from Crypto Quant.
Bitcoin (BTC) and Ethereum (ETH) options for a total of $1.6B are expiring this Friday. The run-up to the event and the expiry may trigger volatility, extending the BTC choppy sideways trading.
Speakers at the Bitcoin Amsterdam 2024 conference exposed how flawed academic studies on Bitcoin fuel misinformation, affect media coverage and lead to misguided policies.
With the volatility in the price of Bitcoin (BTC), different metrics now play a key role in judging what traders should expect next. One invaluable tool during this period remains Coinbase Premium, a metric that clearly defines the two extremes of Bitcoin's price.
Federal prosecutors recommend an 18-month jail sentence for Heather Morgan ("Razzlekhan") for her role in laundering stolen Bitfinex Bitcoin, while also seeking the return of over $6 billion in seized crypto assets as restitution.
In a post shared on X, Crypto pundit Ki Young Ju observed the state of ancient Bitcoin whales, asserting that they are still “sleeping.” According to his observations, Bitcoin whales have been dormant for more than seven years, depending on their source and destination, and have historically triggered market volatility.
In a strong display of resilience, Bitcoin (BTC) maintained its position above the $60,000 mark Thursday amidst a week of speculation and mixed signals in the crypto markets.
Bitcoin's price dips to $60,000 range, sparking debate among analysts about potential corrections and future price movements.
A digital art piece inscribed on Bitcoin's Ordinals protocol titled “Ascend” has been sold for $57,450 at Christie's Post-War and Contemporary Art Day, beating it's low estimate of $39,000.
Bitcoin is again in a tough zone and the whole crypto market is feeling the heat. BTC price has dropped below a key support level and the fear is spreading in the market. Whales are making waves and diamond hands are staying strong, still the market fails to climb.
Bitcoin's struggle around $60,000 has many investors feeling stuck, waiting for the next big move. According to crypto analyst PlanC, this seven-month pause might just be the calm before the storm. With Bitcoin spending more time between $60,000 and $70,000, it's building a strong base for a potential breakout.
In a fresh display of growing discord within the SEC, Commissioner Mark Uyeda has slammed the agency's cryptocurrency policy, calling it a “disaster” for assets like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE). Despite rising criticism, Chairman Gary Gensler remains firm in enforcing the policy.
Major institutions like BlackRock and Metaplanet are buying Bitcoin during market dips, while some individual investors are panic selling amid recent price volatility.
Bitcoin's largest whales are in clear accumulation mode while speculators stage knee-jerk sell-offs at a loss.
UNI and POPCAT are the top gainers on a weekly scale.
It appears that there may be another decline in Bitcoin, with traders keeping a close eye on a dip below $60,000. The BTC OrderBook heatmap displays a concentration of buy orders near the $58,000 mark, signifying a robust support area.
Mt. Gox has delayed its Bitcoin repayment plan to October 2025, potentially easing selling pressure on the cryptocurrency market in the short term.
Bitcoin (BTC) has become a focal point for investors looking for stability in uncertain times. As the leading cryptocurrency maintains its foothold above critical support levels, experts are suggesting that a price rebound could be on the horizon.
Metaplanet has purchased over 300 Bitcoin this month alone, reinforcing its commitment to adopting the crypto asset as a corporate reserve asset.
Crypto analyst Bob Loukas has released a new video analysis titled “No Bull.” In the video, Loukas delves into the current state of the Bitcoin market, addressing growing concerns about the possibility of a canceled bull run.
The most recent Bitcoin Halving event took place on April 19, 2024. Investors had great expectations for this latest halving year, as in the previous halving year, the Bitcoin market delivered an impressive return of +304.1%.
Peter Brandt, one of the most famous commodity traders, has sent shockwaves across the cryptocurrency community by noting that the price of Bitcoin might potentially crash by a staggering 75%.
Bitcoin (BTC) slumped this week, losing 5.3% to a three-week low of $58,900.
Spot Bitcoin exchange-traded funds in the U.S. witnessed their third consecutive day of outflows on Oct. 10, while spot Ethereum ETFs posted a modest but positive turnaround after a day of inactivity.