As the crypto market bounces back, Bitcoin marks a 24-hour high above the $64,000 mark. The BTC price has increased by 7.90% this week, followed by a 7.7% recovery the previous week. Supporting the bullish trend, the Bitcoin ETF market bounced back yesterday with $158.3 million in total inflows.
Ark Invest and 21Shares' ARKB led the pack of inflows yesterday with $81.07 million inflows, and Fidelity's FBTC had $49 million inflows.
The top two cryptocurrencies, Bitcoin and Ethereum, have experienced impressive gains of 3.0% and 5.8%, respectively, in the last 24 hours. Evidently, both these cryptos have benefited hugely from the recent interest rate cut of the US Federal Reserve. At this juncture, the massive options expiry scheduled for today is extremely crucial.
Bitcoin traders are starting to entertain the idea of a retest of all-time highs, but BTC price support needs to cement first.
Analyst and trader Kevin Svenson is leaning bullish on Bitcoin (BTC) amid a recovery that has seen the flagship crypto asset appreciate by around 10% over the last two weeks.
A Bitcoin breakout appears imminent, but a shift in sentiment could trigger a retracement instead.
Cryptocurrency News Today: The crypto space has maintained a positive trend since yesterday. The optimism of the incoming quarter has pushed the industry's market cap by 3.35% to $2.22T. While Bitcoin price recorded a 24-hour high by brushing the $64k mark, Ether's price has risen above its $2.4k level.
The Bank of Japan won't rush to repeat hikes of the yen, which triggered a market meltdown in July.
Hackers have targeted Seattle-Tacoma International Airport with a ransomware attack, demanding 100 bitcoins to buy the data back. Although the airport managed to fend off most of the damage, the attackers encrypted some data and posted stolen files on the dark web.
Bitcoin (BTC)'s price surged following the announcement of an interest rate cut by the Federal Reserve.
Crypto options expiry day has come around again amid a recovery for markets following the US central bank's interest rate cut this week. Can momentum continue?
Bitcoin recovered from a small dip as Japan trading began with it making a new local high in just about tipping $64,000.
Recent CryptoQuant analysis suggests that short-term Bitcoin holders' average buy price could be a key factor in predicting the leading crypto's future movements. The focus is on holders who have had Bitcoin for months, with historical data indicating that their average buy price often serves as a critical support or resistance level.
An ancient Bitcoin wallet was activated earlier this Friday after more than 13 years of dormancy, according to data provided by Whale Alert. The address in question contains 59 Bitcoins (roughly $3.8 million at press time).
Bitcoin (BTC) has emerged as a standout performer, wrapping up the month on a high note and igniting speculation about a potentially bullish fourth quarter. Historically, Bitcoin's performance in September has often set the tone for its trajectory in the months that follow.
Bitcoin surged 1.84% to close at $62,913, driven by optimism around a soft US economic landing and strong jobless claims data. BTC-spot ETFs saw significant inflows on September 19, indicating rising demand and positioning Bitcoin to break the $65K mark soon.
In a major macro development, the Bank of Japan (BOJ) has decided to keep interest rates unchanged at 0.25%. The development sent the Nikkei index soaring by 2.10% and 700 points today itself.
The crypto prices today have continued generating market optimism, primarily with major coins maintaining an upward movement. Bitcoin (BTC) price crossed $64K, whereas Ethereum (ETH) and Solana (SOL) followed, trading in the green.
According to a crypto analyst known pseudonymously as Master Kenobi on social media platform X (formerly Twitter), the prime cryptocurrency that's going to outperform Bitcoin in this market cycle is none other than Dogecoin, the original OG meme coin.
Staunch Bitcoin (CRYPTO: BTC) advocate Max Keiser slammed MicroStrategy Inc. (NASDAQ:MSTR) co-founder Michael Saylor for casting aspersions on the Bitcoin strategy adopted by the Nayib Bukele-led El Salvador administration. What Happened: Keiser took to X on Thursday to respond to Saylor's broader argument questioning investments in Bitcoin without any expectation of a yield on it.
Donald Trump made headlines by purchasing hamburgers with Bitcoin at PubKey Bar in New York.
Bitcoin gains momentum as jobless claims fall, supporting risk appetite and raising bets on a soft US landing, with BTC nearing $65K and ETF demand rising.
Michael Saylor is a prominent advocate for Bitcoin, having led MicroStrategy to become one of the largest corporate holders of the cryptocurrency. In a recent podcast, Saylor expressed his belief that Bitcoin could serve as a new form of “perfected capital.
The scammers spent their gains on a lavish lifestyle of luxury cars, apartments, jewelry, and nightlife.
Leading cryptocurrencies edged higher Thursday as risk-taking investors continued to cheer the Federal Reserve's bold half-point interest rate cut. Cryptocurrency Gains +/- Price (Recorded at 9:45 p.m.
The cryptocurrency market is once again buzzing with speculation as recent monetary policy changes by the Federal Reserve may set the stage for Bitcoin to reach unprecedented heights. Following a significant 50-point interest rate cut, many analysts are predicting that Bitcoin could soar towards the elusive $100,000 mark.
Bitcoin price gained pace above the $61,500 resistance. BTC even cleared the $63,300 level and is now consolidating gains above $62,500.
Donald Trump became the first former US President to use Bitcoin (BTC) for a commercial purchase when he completed a cryptocurrency transaction to pay for hamburgers at a New York City bar before a campaign rally.
The crypto market is bracing for heightened volatility as nearly $1.6 billion worth of Bitcoin (BTC) and Ethereum (ETH) options expire today.
In the face of a $35 trillion federal debt crisis, global asset manager BlackRock Inc. (NYSE:BLK) strategically advocated for Bitcoin (CRYPTO: BTC) as a safeguard, potentially raising the upside potential of the world's largest cryptocurrency. What Happened: BlackRock noted concerns about the spiraling $35 trillion U.S. fiscal deficit, attributing it as a significant driver of growing institutional interest in Bitcoin, according to a paper authored by some of the top executives from the asset management giant, including BlackRock's ETF Chief Investment Officer Samara Cohen and Head Of Digital Assets Robert Mitchnick.
Data shows the cryptocurrency sector as a whole has witnessed a high amount of liquidations following the volatility Bitcoin and others have gone through. Bitcoin Has Recovered Back Above The $63,000 Level Following the news of the US Federal Reserve cutting back on interest rates, Bitcoin has responded positively, with its price breaking above the $63,000 level.
The Lightning Network Capacity has dropped from 5,308 BTC in July to 1,273 BTC at press time.
Bitcoin (BTC) and gold have positioned themselves as standout performers in the financial markets. This year, a blend of geopolitical tensions and ongoing inflation has bolstered the appeal of both assets.
As the broader cryptocurrency market experiences notable gains following the Federal Reserve's rate cuts, Bitcoin (BTC) has reached a price of $63,670 on Thursday, marking substantial bullish momentum since late August. This surge has sparked increased interest from both retail traders and institutional players, leading to diverse positioning within the market.
After decisively breaking above the 50-day Exponential Moving Average, Dogecoin has shown indications of a possible trend reversal lately. In the past, the 50 EMA has served as a crucial barrier to distinguish between bullish and bearish trends.
Finance giant BlackRock is saying that Bitcoin (BTC) is a unique investment opportunity offering investors something much different than traditional assets. BlackRock, a firm with over $10 trillion in assets under management, says in a new report that Bitcoin could act as a hedge against the United States' mounting debt and other macroeconomic concerns.
Bitcoin's bull pennant suggests a potential surge, with a price target of $158,000 by May 2025 following S&P 500's record high. The post Bitcoin enters ‘bull pennant' breakout as S&P 500 hits all-time high appeared first on Crypto Briefing.
Jamie Dimon, CEO of the financial juggernaut JPMorgan Chase, has consistently derived Bitcoin (BTC) and once again expressed his dislike for the preeminent cryptocurrency.
The U.S. Securities and Exchange Commission (SEC) is seeking public input on a proposal by Cboe BZX Exchange to add new custodians for bitcoin and ethereum exchange-traded funds (ETFs). The plan aims to enhance security by adding Anchorage Digital Bank and Bitgo alongside Coinbase as custodians for bitcoin and ether holdings.
The presidential candidate recently made waves with a public Bitcoin transaction
Bitcoin sought to flip $62,000 to support on Sept. 19 as traders digested a 50 basis point rate cut by the U.S. Federal Reserve for the first time since 2020.
So far, Bitcoin has seen a mixture of bulls and bears just in the past day alone. Although bulls appear to be taking the lead given its current market performance, will this be sustainable?
The U.S. cryptocurrency market experienced a notable shift as Bitcoin spot exchange-traded funds (ETFs) reported $52.83 million in net outflows. This abrupt change ended a four-day period of positive inflows, which had seen over $500 million flow into these funds.
Louisiana has implemented a new option for residents to make payments to state agencies using Bitcoin and Circle's stablecoin USDC, according to a Sept. 18 press release.
Bitcoin's recent rally put its price above a key bull market metric. Are new highs inbound?
The men allegedly used a social engineering scheme to swipe 4,100 Bitcoin from a creditor of bankrupt crypto lender Genesis.