Despite its recent price rally, search interest for “Bitcoin” on Google is still generating only a fraction of the traffic that “AI” has over the last week.
SEC Lawyer Exodus Raises Crypto Bias Concerns as Former Regulators Join Crypto Firms Amidst Rising XRP, BTC Gains on Trump Election Bets.
Bitcoin pulled back from near-new highs Tuesday, while stocks rallied on Alphabet Inc.'s (NASDAQ:GOOGL) better-than-expected third-quarter earnings. Cryptocurrency Gains +/- Price (Recorded at 8:30 p.m.
The cryptocurrency market is seeing a surge in institutional investment, with $901 million flowing into crypto funds this month alone. This figure marks one of the highest recorded inflow months in history and shows that major institutional investors see digital assets as a key part of their portfolios.
Shiba Inu appears to be displaying indications of a possible reversal. The asset is currently seeing a notable uptick in whale activity after struggling to regain its previous momentum.
Recent market inflows and dynamics have seen the Bitcoin price breaking free from a 7-month descending broadening wedge pattern. According to crypto analyst Gert van Lagen, Bitcoin's breakout last week could signal the onset of a major price continuation phase as the bulls aim above the $70,000 mark.
Bitcoin exchange-traded funds (ETFs) have drawn a remarkable $21 billion since the start of the year, overshadowing gold's traditional role as a safe-haven asset. According to Eric Balchunas, a senior ETF analyst at Bloomberg, this influx of capital into Bitcoin ETFs has begun to reshape the market dynamics between cryptocurrencies and precious metals.
As Bitcoin (BTC), the largest cryptocurrency by market capitalization, inches closer to its all-time high of $73,700 reached in March, the US spot Bitcoin ETF market has re-emerged as a key driver of the cryptocurrency's recent price surge. On Tuesday, total trading volume for spot Bitcoin ETFs surpassed $3 billion, coinciding with Bitcoin's price briefly above the pivotal $73,000 mark for the first time in over 7 months.
The whale's resurgence was marked by a BTC transfer worth millions, stirring up market curiosity.
Bitcoin holds above $70,000 as signals point to a potential bull run. We look at key indicators to gauge what's next for Bitcoin.
Most cryptocurrencies are trading in the green in the past 24 hours, as Bitcoin price rose to $73,000 to push the global crypto market cap to $2.45 trillion.
Bitcoin nearly set a new peak price after topping $73,000 on Tuesday, but fell just short. Is a new all-time high just around the corner?
Bitcoin price rallies within $200 of a new all-time high as several fundamentals point to the crypto bull marking picking up pace.
Bitcoin is on the verge of a historic move as it pushes toward its all-time highs, surging above the $71,000 mark just yesterday. This breakout has ignited optimism among analysts, who expect further upside in the coming weeks as the US election draws near—a period historically marked by heightened volatility and market shifts.
"The Crypto Trader" Author Glen Goodman says the recent rise in Bitcoin is due to global liquidity and the prediction markets leaning toward a Trump US election victory. He speaks with Sonali Basak and Tim Stenovec on "Bloomberg Crypto.
Tether, the issuer of the popular stablecoin USDT, has made a significant move to fortify its reserves by adding over 82,000 Bitcoin (BTC) to its holdings. This addition, which amounts to approximately $5.58 billion, is part of Tether's broader strategy to enhance the stability of USDT and bolster transparency regarding its financial backing.
Bitcoin's recent bullish momentum has sparked optimism among traders and investors, as the cryptocurrency edges closer to its all-time high. Following a significant recovery, Bitcoin is once again climbing, with the pivotal $73,811 mark in sight.
The creation of new Bitcoin-based protocols raised the TVL through native BTC staking and re-staking. The record coincided with the latest BTC rally above $73,000.
Did Bitcoin just break its March ATH of $73805? Analysts predict it's just a matter of time as new highs await the BTC price.
Bitcoin's price zipped past $73,500 Tuesday as afternoon momentum pushed it even higher. Crypto Market Heats Up as Bitcoin Dominates The crypto star kept up its pace on Oct. 29, reaching $73,600 on Bitstamp by 3 p.m. EDT. With this lift, bitcoin's market cap stands tall at $1.
Bitcoin (BTC) is not showing signs of frenzy, unlike March, which indicates room for further growth in price, according to K33 Research report published on Oct. 29. As of press time, BTC was trading at $73,500, roughly $300 away from setting a new all-time high.
BlackRock, the world's largest asset manager, has once again shaken up the cryptocurrency market. The company recently acquired an additional 34,085 BTC, worth approximately $2.3 billion, bringing its total Bitcoin holdings to 403,725 BTC.
Bitcoin's market dominance has now surpassed the 60% level for the first time since early April 2021, according to data provided by TradingView. Its market cap currently stands at $1.43 trillion.
A Bitcoin wallet containing 749 BTC acquired in 2012 has reawakened, with an anonymous user moving some of its long-dormant coins today after a long hibernation.
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Will Cardano-Bitcoin integration help ADA break above its long-term resistance?
Miners including Cormint and TeraWulf are among the lowest-cost producers of Bitcoin, an important advantage amid tightening margins, CoinShares said.
Cryptocurrency markets are surging on Tuesday amid Donald Trump's rising election odds, positive broader economic factors and subsiding geopolitical tensions. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $72,870.84 +4.4% Ethereum (CRYPTO: ETH) $2,662.43 +5.8% Solana (CRYPTO: SOL) $179.25 +1.3% Dogecoin (CRYPTO: DOGE) $0.1731 +10.4% Shiba Inu (CRYPTO: SHIB) $0.00001902 +6.8% Notable Statistics: IntoTheBlock data shows large transaction volume increased by 112.3% and daily active addresses grew by 18.2%.
Bitcoin flirts with an all-time high, leaving more than $100 million worth of shorts liquidated.
The largest crypto has extended its year-to-date gain to nearly 75% and has more than doubled from year-ago levels.
H.C. Wainwright & Co. has released its latest update on Bitcoin mining, showing a mixed third quarter for miners affected by broader market uncertainties and the upcoming April 2024 Bitcoin halving. Per the analyst note shared with crypto.
Bitcoin doesn't require a U.S. dollar crash to become a six-figure asset class, Bitwise CIO Matt Hougan opined on X.
A new inquiry into public records has unveiled shortcomings in El Salvador's "Freedom Passport" initiative, a program launched in December 2023 to attract high-net-worth Bitcoin (CRYPTO: BTC) investors by offering residency visas in exchange for significant investments. What Happened: According to Diario El Mundo, the General Directorate of Migration and Immigration (DGME) has yet to issue any Freedom Passports, despite government goals of attracting 1,000 participants annually.
Tether chief executive Paolo Ardoino is updating the quantity of Bitcoin (BTC) and other assets that the stablecoin issuer currently holds on its balance sheet. In a post on the social media platform X, Ardoino says Tether now holds over 82,000 Bitcoin, a stash worth approximately $5.8 billion at the prevailing BTC price.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
This morning, the Royal Government of Bhutan shifted $66.55 million worth of bitcoin (BTC) to Binance, according to onchain data. $66M in Bitcoin on the Move – Bhutan's Government's Crypto Strategy Unfolds The BTC transfer, initiated from Bhutan's government-linked crypto wallets, comes as the world's most popular cryptocurrency approaches its peak valuation.
Bhutan, a Himalayan nation with fewer than 1 million people, has triggered speculation after moving $66 million worth of its Bitcoin stash to crypto exchange Binance. The unannounced string of transactions has intensified rumors that Bhutan may be looking to offload a chunk of its holdings as the price of Bitcoin goes up.
According to data provided by cryptocurrency analytics firm CoinGlass, $223.21 million worth of short positions were liquidated over the past 24 hours. They account for the lion's share of the $255 million worth of positions that have been wiped out.
As long as the October 23 low holds, we remain Bullish with a next target of $74.8-78.4K, possibly as high as $82K on any unforeseeable wave extensions.
Bitcoin's (BTC) price could surge to $200,000 without the need for a collapse of the US dollar, according to Bitwise CIO Matt Hougan. In his latest investor memo, Hougain suggested that Bitcoin's value rests on two independent forces: its role as a digital store of value and inflationary pressures on fiat currencies.
Bitcoin-tracked futures set a record high open interest in U.S. dollar terms early Tuesday, as BTC skyrocketed above $71,000 for the first time since June. What's driving the interest in new money?
As Bitcoin approaches $73,000, enthusiasts and traders closely monitor this dizzying rise. After a consolidation period, the acceleration toward new highs seems imminent.
Bitcoin (BTC) has soared past the $72,000 mark, nearing all-time highs once again with over a quarter of a billion dollars in liquidations taking place in the process. According to crypto exchange data aggregator Coinglass, in the last 24 hours, $265,270,000 worth of positions have been liquidated, the vast majority being short positions on BTC.
BitcoinOS's Grail Bridge promises to unite Bitcoin with Cardano's DeFi ecosystem, but maximalists are fighting hard against the integration.
Bitcoin is showing strong upward movement, surging all the way to the $70,000 price level. However, despite the renewed bullish momentum, there are several upcoming macro events to watch out for that could influence the price trajectory of BTC in the short term.
The "mini" trusts spun off from Grayscale's legacy Bitcoin and Ether funds in July.