Bitcoin dominance surged this week, reaching 59.75% and extending its lead over the rest of the crypto market. Meanwhile, BTC made an attempt to break past its recent high of $69,500, a level it hasn't touched since July.
At the Plan ₿ Forum in Lugano, Switzerland, Tether CEO Paolo Ardoino gave an insight into the financial reserves of Tether, disclosing that the stablecoin heavyweight holds 82,454 BTC and 48.3 tons of gold.
The US-based spot Bitcoin ETFs has produced another impressive performance in the past week recording nearly $1 billion in total inflows. Meanwhile, the spot Ethereum ETFs have struggled to maintain a positive form with outflows dominating the market in the same period.
Tether CEO Paolo Ardoino confirms the company's multibillion-dollar Bitcoin and gold reserves, reassuring the crypto community.
In today's edition of the weekly recap: Ripple files a cross-appeal in the SEC lawsuit; spot Bitcoin ETFs reach a new milestone; reports of Tether's probe; crypto sees renewed adoption. Ripple v.
The Bitcoin price has slowed down over the last few days, crashing to around $65,500 on the morning of Saturday, October 26. The premier cryptocurrency has not particularly impressed in the historically bullish month of October, but the next few days could be pivotal to the coin's future trajectory.
QCP Capital's weekend brief delves into a volatile week for bitcoin, which saw a peak in price that couldn't hold and a sharp decline amid renewed regulatory concerns.
With BTC at a tipping point, the market may soon witness a decisive movement as conditions for a supply shock develop.
A crypto strategist who accurately called the pre-halving Bitcoin correction this year believes BTC is undergoing a technically sound breakout process. Pseudonymous analyst Rekt Capital tells his 507,000 followers on the social media platform X that Bitcoin is in the process of flipping a key resistance level into support.
Bitcoin is currently trading at $66,800 after a week of significant volatility. The price has stabilized above the crucial $65,000 support level, signaling resilience as the market takes a breather after several weeks of heightened excitement.
Arch Network enables the development of all kinds of platforms and applications on the bitcoin blockchain.
Bitcoin has experienced a sustained decline in number of individual investors since June.
BlackRock has reached a new milestone in its Bitcoin holdings, with a total of over 400,000 BTC. Right now, the hedge fund's holdings are valued at around $26.98 billion, with a total of 403,725 BTC.
As October nears a close, one reality for crypto enthusiasts is that the anticipated ‘Uptober' rally might not materialize in 2024.
The Bitcoin Policy Institute recently published a report titled "The Case for Bitcoin as a Reserve Asset," suggesting that Bitcoin (BTC) be adopted by central banks as a global reserve asset. This proposal is based on several strong arguments that deserve special attention.
The price differential between Bitcoin on Coinbase and other exchanges is measured by the Coinbase Premium Index, which recently fell to -0.2%, its lowest level in two years. The institutional interest that passes through Coinbase is measured by the premium indicator.
Recent trends show that Bitcoin's price has been declining since reaching a high earlier in the week. This backdrop raises questions about whether the expiry of these options could help reverse this downward trajectory.
Bitcoin (BTC), the biggest cryptocurrency by market capitalization, recently marked a significant milestone in its history. It was 12 years ago that crypto enthusiasts got their last chance to purchase Bitcoin for under $10.
Bitcoin has experienced a volatile week, with prices oscillating between a local high of $69,500 and a low of $65,000. After weeks of excitement and upward momentum, the market has cooled off, and BTC is currently consolidating below the critical $70,000 level.
Spot Bitcoin exchange-traded funds (ETFs) are experiencing one of their strongest months since launching in January 2024, with inflows surpassing $3 billion so far in October.
Bitcoin dominance, a metric that measures the cryptocurrency's share of the market, has now approached 60%.
Tesla billionaire Elon Musk, who surprised traders with a shock bitcoin endorsement this week, is working overtime to get "crypto president" Donald Trump back into the
Bitcoin (BTC) has seen a notable price surge, recently crossing the $68,000 mark after finding solid support around $65,500. This rally comes amid a significant increase in Bitcoin holdings by “whales,” or large investors, ignite optimism in the cryptocurrency market.
In anticipation of the potential next major breakout Bitcoin is steadily rising toward the $72,000 mark. After successfully breaking through the upper limit of its prior declining channel Bitcoin has maintained its position above this level, which is encouraging and may signal additional upward momentum.
Bitcoin whales cashed in massive profits, but will it help BTC rise again?
Movement among Bitcoin whales, with just eight days until the U.S. presidential election, has significantly declined. The asset's price has consolidated around $67,000.
As Bitcoin's (BTC) run continues, the world's leading crypto trades steadily in the $67,000 range. BTC's performance tends to be a good indicator of the trajectory of the altcoin market, and if BTC should reach $300,000, four altcoins stand to gain impressively.
Spot Bitcoin ETFs accumulate significant BTC, influencing crypto market dynamics with sustained demand and institutional interest, according to BinanceResearch.
Bitcoin's market dominance over the rest of crypto has reached 59%.
The US government is preparing a plea deal for the hacker who targeted the Twitter/X account of the Securities and Exchange Commission (SEC), Bloomberg reported. The deal was made just a few days after authorities arrested the 25-year-old suspect from Alabama.
Whales in the Bitcoin market have reached a significant milestone by accumulating 670,000 BTC, marking the highest recorded level of whale ownership, according to CryptoQuant.
The non-fungible token sales volume over the last week has dropped by 7%, and stands at $89.1 million. The crypto market, exhibiting signs of recovery, has taken a U-turn.
Bitcoin has rallied another 10% in recent weeks but Paul Tudor Jones continues to see further upside in the world's largest cryptocurrency by market cap in the months ahead. The billionaire hedge fund remains bullish on BTC as “all roads lead to inflation” regardless of who wins the 2024 US elections in November.
The past week has been bearish for the crypto market, with Bitcoin and Ethereum posting negative weekly returns. Bitcoin dropped 1.7%, while Ethereum saw a significant decline of 6.2% over the last seven days.
Companies are continually seeking innovative ways to enhance their investment strategies. One firm making headlines is Metaplanet Inc., a Japanese investment company that is stepping up its Bitcoin game.
Traders are anticipating a rise in Bitcoin after the U.S. elections, leading to increased volatility in the cryptocurrency market.
Bitcoin is trading at the edge of a descending broadening pattern and is poised for an upside move, while Ethereum and XRP remain bearish with uncertain price direction.
Bitcoin (BTC) is once again in the spotlight as recent technical indicators suggest a potential upward trend. One of these indicators, the weekly MACD (Moving Average Convergence Divergence) crossover, has fueled optimism among investors and analysts alike.
A crypto strategist known for earning the “Master Trader” rank on the digital asset exchange Bybit believes Bitcoin (BTC) is setting the stage for a renewed bull market.
Bitcoin mining, a complex activity that requires adding data to the blockchain, has been the subject of complaints. While it's arguably a lucrative trade for some, it impacts the local electricity grid.
Bitcoin (BTC) is witnessing a notable surge in whale activity, with large holders increasing their Bitcoin assets to levels not seen since early 2021. This uptick raises questions about the potential for Bitcoin to reach a new all-time high (ATH) in the near future.
Bitcoin's consolidation below $68,000 extended throughout this week, with bulls holding steady above the $66,000 support level. Although the cryptocurrency hasn't seen a significant push to the upside, its ability to avoid a deeper correction means that Bitcoin remains on track to end October on a bullish note.
Following Microsoft's recent proposal to shareholders to consider investing in Bitcoin, Michael Saylor, co-founder of MicroStrategy and a prominent BTC advocate, publicly encouraged Microsoft CEO Satya Nadella to embrace the largest cryptocurrency as a means to future growth.
Russia's new Bitcoin mining regulations could reshape global crypto dynamics, influencing digital currency adoption and international trade strategies. The post Russia enacts control measure on Bitcoin mining operations appeared first on Crypto Briefing.
Bitcoin steadies at $67K; Tether's response to WSJ investigation calms markets. Strong ETF inflows and key US data could push BTC above $70K.
Bitcoin remains above a critical price level, currently hovering just above $67,000. This position is important as it shows strength in the short term. Over recent days, Bitcoin has been forming a sideways price range, signaling a period of consolidation. Here's a breakdown of analysis by analyst Josh of Crypto World.
The United States approaches its presidential elections, the political climate is heating up, and its effects are rippling through various markets, particularly in the world of cryptocurrency. With Donald Trump's chances of winning appearing increasingly favorable, some experts are predicting that Bitcoin could surge, potentially reaching unprecedented values.