Historically, when Bitcoin wraps up September on a high note, it often leads to robust gains in October, November, and December. This phenomenon is not new; crypto analyst Jelle highlights that in previous years, particularly 2015 and 2016, Bitcoin experienced an average increase of 15% following a positive September.
TL;DR Sky, formerly MakerDAO, will launch its stablecoin USDS on Solana using the Wormhole protocol. Sky will offer incentives of up to 2 million SKY tokens per week to promote the adoption of USDS on Solana.
Analysts are projecting Bitcoin (CRYPTO: BTC) to reach $65,000 in the near term, citing increased long positions and bullish options activity, as the leading cryptocurrency remains steady above $62,000. Meanwhile, Ethereum (CRYPTO: ETH) has climbed 3.5% to $2,547, with both cryptocurrencies seeing significant ETF inflows.
VanEck expects Bitcoin's long-term bull market to continue, but miners are struggling.
Bitcoin faced selling near $64,000, but buyers have managed to keep the price above the short-term holder realized price near $62,000, which is a positive sign.
Large investors seem to be upping their ante; at least, that's the story of Bitcoin and its latest rebound to over $63,000 today. And market watchers have indeed taken notice.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
TL;DR Muneeb, founder of Stacks, announced the arrival of sBTC, a synthetic Bitcoin, on the Solana blockchain. The integration of sBTC will combine the security of Bitcoin with the speed and efficiency of SOL. sBTC will allow faster Bitcoin transactions in decentralized applications, which could attract more users and developers to SOL.
Sky, a decentralized finance protocol rebranded from MakerDAO, is set to utilize Wormhole's technology to bring its native tokens to Solana, enhancing its multichain capabilities.
ConsenSys, the blockchain company behind Ethereum (CRYPTO: ETH) infrastructure projects like MetaMask, has faced a setback in its lawsuit against the U.S. Securities and Exchange Commission (SEC). What Happened: The company had initially sued the SEC for overreach, accusing the regulator of conducting an unnecessary investigation into Ethereum, specifically targeting Ethereum 2.0.
Veteran technical analyst CryptoCred sees a potential shift to a bullish market structure for Bitcoin (CRYPTO: BTC), suggesting the apex crypto is at a critical juncture. What Happened: CryptoCred took to his X account to emphasize the importance of using line charts for market structure analysis, noting that they “tend to be clearer as they only show the closes.
Global financial giants Franklin Templeton and Citigroup have announced have announced plans to adopt the Solana blockchain for their upcoming financial services. Franklin Templeton, a $1.4 trillion asset manager, plans to launch a mutual fund natively on Solana, while Wallstreet giant Citi is exploring the blockchain's capabilities for smart contracts and cross-border money transfers.
Business intelligence firm MicroStrategy, led by Bitcoin (BTC) bull Michael Saylor, announced on Friday a successful $1.01 billion raise through the sale of convertible senior notes, a strategic move aimed at acquiring more BTC and redeeming higher-yielding securities. MicroStrategy Invests Additional $458 Million In BTC Of the funds raised, MicroStrategy allocated $458 million to purchase additional Bitcoin between September 13 and September 19, further bolstering its position as the cryptocurrency's largest publicly traded corporate holder.
MicroStrategy, the world's largest corporate holder of Bitcoin, announced its latest acquisition of the market's largest cryptocurrency. The Nasdaq-listed business intelligence company has acquired another 7,400 BTC for nearly $460 million, as revealed today by its Executive Chairman, Michael Saylor.
Cathedra Bitcoin Inc. has unveiled a non-brokered private placement aimed at raising up to C$2.5 million ($1.85 million). The funds will be used for bitcoin purchases, infrastructure expansion, and general corporate needs.
In terms of which election outcome would be better for the crypto industry, VanEck offers a case that isn't so cut and dry.
Explore informed insights and predictions about Bitcoin's potential rise to $70K this autumn. Discover altcoins also predicted to follow Bitcoin's trajectory in this comprehensive article.
ADA appears to be bullish and poised for a massive rally, driven by a potential breakout and bullish on-chain data.
The 2024 election is projected to be a tight race on the granular local level, but this shouldn't matter for the long-term price of BTC.
Analysis suggests that the coins didn't belong to Satoshi himself, but someone has been holding onto this Bitcoin since the early days.
Can Historical Election Trends Predict Bitcoin's Next Move?
Bitcoin price dipped to a daily low of $62,586 after briefly touching the $64,000 mark for the first time this month. According to CryptoSlate data, the flagship digital asset has since recovered the dip and was trading at $63,127 as of press time.
Popcat, Mantra, and Mog Coin are among 42 cryptocurrencies to outperform Bitcoin in 2024, according to a Lookonchain analysis. Bitcoin (BTC) is the world's largest and top digital asset, currently attracting the most institutional interest.
The AI-powered sleuth Spot On Chain dropped a bombshell on X today: the Ethereum Foundation just offloaded 300 ETH, pocketing a cool 763,092 DAI. “Overall, since the beginning of September, the Ethereum Foundation has sold 950 ETH ($2.
Bitcoin continues to see a lot of noisy behavior, as we continue to see a lot of trouble for this market. This is a market that is also backed by the ETF now, so this has a somewhat positive effect in this market.
A recent squeeze propelled BTC toward $64K, yet uncertainty looms, challenging the durability of this rally.
Franklin Templeton, a trillion-dollar asset management firm, has announced its intention to utilize the Solana network for an on-chain mutual fund.
Given the renewed upward performance of the entire cryptocurrency market following the recent Federal Reserve (Fed) interest rate cut, Bitcoin is witnessing a wave of bullish predictions from crypto experts, with some forecasting that BTC's final surge for this cycle has officially set in.
The US Spot Ethereum ETF saw a $5.24 million inflow, primarily from Blackrock. Ethereum's price of $2,542.80 indicates strong market sentiment.
TL;DR MicroStrategy completes $1.01 billion convertible senior notes offering at 0.625% interest. The funds will be used to redeem existing notes and acquire more Bitcoin. The notes are scheduled to mature on September 15, 2028.
SG Forge, the crypto unit of Societe Generale bank, will launch a Euro-pegged stablecoin, EUR CoinVertible (EURCV), on the Solana blockchain. In a press release, the French firm disclosed that the EURCV would be a regulatory-compliant stablecoin, giving users more efficient and faster access to the network's decentralized finance ecosystem.
Onchain analytics firm Lookonchain identified an Ethereum (CRYPTO: ETH) whale losing $13 million in the past six months as market participants expect the start of an uptrend. What Happened: The whale trader last purchased 2,117.7 ETH, equivalent to $5.17 million, as Ethereum is up 7% over the past week.
Solana (SOL) has surged by over 5% today, hitting a high of $151.54, following significant announcements made during the Solana Breakpoint 2024 event, which just kicked off in Singapore. Today's SOL price surge follows the breakout that occurred on September 18 after a period of consolidation between $124 and $139.
Tensor, a Solana-based NFT marketplace, announced at the Solana Breakpoint conference that its codebase is now fully open source.
The Bitcoin market continues to see a lot of noisy behavior, as the market has been trying to discern the risk appetite in this market, as well as many others. The market continues to see a lot of volatility, as well as reactions to the interest rate decisions from central
After weeks, the crypto market is in a better stage, where the user's sentiments are finally out of the fear zone. Even the global market capitalization is at a new peak in weeks, currently at $2.21 Trillion.
MicroStrategy, in a Sept. 20 filing with the US SEC, declared the acquisition of 7,420 BTC for $458.2 million at an average price of $61,750 per Bitcoin between Sept.
Michael Saylor's firm now holds nearly $16 billion in Bitcoin with this purchase, which came just days after the last one.
In the ever-evolving world of gaming, Play Solana recently made an exciting announcement: the launch of a Web3 portable gaming device powered by the Solana blockchain.
TL;DR Franklin Templeton to launch native mutual fund on Solana blockchain The firm built its own infrastructure for asset management on blockchain. Solana experiences a significant increase in price following the announcement, reaching $150.64. In a move that merges traditional finance with innovative blockchain technology, Franklin Templeton, an asset manager with $1.
Solana price analysis shows a three-day rally from $127 to $147, registering a 16.6% growth. This bullish turnaround coincides with the broader market uptick following the 0.5% rate cut decision by the US Fed.
While many altcoins are looking to catch up to their past sell-off figures, Cardano (ADA) appears to lag. As of this writing, the ADA price changed hands for $0.3535, up 0.74% in 24 hours, per CoinMarketCap.
BTC price predictions see some consolidation before Bitcoin bulls tackle major resistance hurdles.
MicroStrategy doubles down on Bitcoin accumulation strategy with a fresh acquisition worth nearly half a billion.
Samson Mow sets his sights on Japan in his latest effort to promote state-level Bitcoin adoption.
The Solana blockchain has reached a new milestone in its development with the imminent arrival of a regulated euro stablecoin. Société Générale-FORGE, the crypto subsidiary of the French bank, is set to deploy CoinVertible (EURCV) on the network, thus opening new opportunities for decentralized finance in Europe.
The price of Bitcoin (BTC) witnessed a huge rally recently as it officially ceased its extended consolidation period. This price rebound has injected bullish momentum onto the broader market as investor sentiment has also turned positive.