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The cost of mining one Bitcoin drastically changed after April's halving, while eight countries with affordable electricity have already banned BTC mining.
Analysts say that Friday's strong U.S. jobs report could be bullish for Bitcoin and other risk assets after a middling start to the month.
If Bitcoin sustains its rebound above $60,000, investor sentiment is likely to improve and attract buyers to altcoins.
HBO is set to release a documentary that will allegedly reveal the identity of Satoshi Nakamoto. The documentary “Money Electric: The Bitcoin Mystery”, set to be released on Oct.
Data shows that bitcoin and ethereum exchange-traded funds (ETFs) have made quite an impact this year in the world of traditional finance. According to Nate Geraci, co-founder of the ETF Institute, out of 525 funds launched in 2024, a total of 13 out of the top 24 best-performing ETFs are related to bitcoin and ether.
The cryptocurrency market has experienced a significant plunge, with a staggering $150 billion wiped off its total value in just two days. As of October 3, 2024, Bitcoin is teetering close to the critical $60,000 mark, prompting concerns among investors and analysts alike about the sustainability of the market's recent performance, often referred to as “Uptober.
Economist and trader Alex Krüger expressed optimism about the U.S. job market and its trickledown effect on the cryptocurrency market and Bitcoin (CRYPTO: BTC) prices. What Happened: Krüger stated on social media, “Extremely strong payrolls.
VanEck remains optimistic about Bitcoin's outlook heading into the fourth quarter, citing strong macroeconomic support and institutional inflows while expressing concerns over Ethereum's ongoing struggles with market share and declining fee generation. According to the firm's September recap report, Bitcoin surged 7.7% over the month, buoyed by the Federal Reserve's rate cut and China's economic stimulus.
With Bitcoin's (BTC) price hovering above $60,000, the maiden cryptocurrency's technical pattern hints at a new rally that will potentially usher in a record high at the end of 2024.
Investors have gotten quite a scare so far in October, with Bitcoin ETFs marking three straight days of losses to start the month.
Bitcoin (BTC), along with Ethereum (ETH) and XRP, witnessed a rough week as the macro-financial conditions remained bleak. Nevertheless, each of the three assets is close to reclaiming a key support level.
According to Hive's CEO, data centers have the potential to enhance grid stability, especially as the transition to renewable energy introduces more volatility into power systems.
Bitcoin miner Terawulf Inc. has completed the sale of its 25% stake in the Nautilus Cryptomine joint venture for approximately $92 million. The company said this week that it intends to use the proceeds to expand its high-performance computing (HPC) and artificial intelligence (AI) infrastructure at its Lake Mariner facility.
Bitcoin is currently holding strong around the $61,000 mark, despite some volatile market conditions. As we approach the weekly close and enter the weekend, the big question is whether more volatility will arise. On Crypto Banter's ‘The Sniper Trading Show' the analyst remains bullish about the long-term outlook for Bitcoin and the broader market.
Bitcoin demand needs to grow for the asset to remain steady in the bull phase and rally to its price targets of $85,000 and $100,000.
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The post-COVID US labor market is finally experiencing a nuanced shift, reflecting a blend of resilience and gradual normalization after the unprecedented disruptions of the pandemic. By weaving together the latest data on job quits, wage growth, unemployment, job openings, and inflation, we can create a comprehensive picture highlighting opportunities and challenges for everyday people.
Asset management firm Bitwise has recently kept one of its departments busy with paperwork. Less than 72 hours after filing for an XRP Exchange-Traded Fund (ETF), the asset manager submitted another application.
It may be too early to judge Bitcoin's performance for the rest of October as investors are "largely reactionary to macro events," says a crypto analyst.
It may be too early to judge Bitcoin's performance for the rest of October as investors are “largely reactionary to macro events,” says a crypto analyst.
The U.S. Bureau of Labor Statistics comes with a "super-bullish" employment report ahead of the U.S. election: business added a stunning 250,000 jobs in September. However, even this surprisingly positive report failed to trigger a Bitcoin (BTC) upsurge.
Optimism Ahead: Will Q4 2024 Deliver Bitcoin's Next Big Rally?
Michael Saylor, the American entrepreneur and CEO of MicroStrategy, has broken his silence amid the chaotic turmoil on the crypto market. Not surprisingly, the essence of the post was once again to show support for Bitcoin (BTC).
Critical Bitcoin Support at $60,000 has come under scrutiny due to geopolitical risk fears, according to Standard Chartered Head of Digital Assets Research Geoff Kendrick.
TL;DR The price of Bitcoin has suffered corrections since March, driven by large sell-offs from whales and a massive token unlock, increasing the supply of altcoins in the market. The selling pressure has countered the positive flows from stablecoins and BTC ETFs, although an optimistic outlook remains for the coming months.
Bitwise's ETF strategy may attract investors seeking reduced volatility and improved returns by dynamically balancing crypto and Treasuries. The post Bitwise files for Bitcoin and Treasuries rotation ETF appeared first on Crypto Briefing.
Bhutan, a small Himalayan kingdom nestled between China and India, has emerged as an unexpected hub in the world of cryptocurrencies. According to a report by Álvaro Sánchez for El País, Arkham Intelligence has revealed Bhutan's state-owned conglomerate, Druk Holdings, owns a staggering 13,011 bitcoins.
The Bitcoin (BTC) price has seen choppy trade since the release of a much stronger-than-expected US jobs report for September, swinging between the $61,000 and $62,000 levels as traders weigh up the economic outlook and geopolitical risks.
The oldest and most trusted Bitcoin publication is introducing a new short-form content format.
BTC prices pumped up with a 2% gain today around the October 4th Wall Street open. At the same time, US nonfarm payroll data has exceeded expectations, as it soared by 254,000 against an expectation of 159,000.
According to cryptocurrency analytics platform CryptoQuant, Bitcoin, the leading cryptocurrency by market capitalization, could experience a renewed price surge
TL;DR The IMF is urging El Salvador to limit its Bitcoin law and restrict public sector participation in the use of this cryptocurrency. The IMF's recommendations come amid talks to establish an agreement to support the country's macroeconomic stabilization.
Analysts suggest bitcoin, often dubbed "digital gold," could benefit from a decline in 13-week U.S. Treasury yields.
US adds 254K jobs in September, lowering unemployment to 4.1% and stabilizing Bitcoin, as economic indicators show strength. The post Bitcoin price stabilizes as US adds 254K jobs in September signaling economic strength appeared first on Crypto Briefing.
A CryptoQuant analyst has revealed a major support in Bitcoin's MVRV ratio, and if it gets broken there could be consequences for BTC.
A cryptocurrency trader and analyst says one red-hot Solana (SOL)-based memecoin may have even more upside potential. The analyst pseudonymously known as Altcoin Sherpa tells his 11,300 YouTube subscribers that Popcat (POPCAT) could soon flip $1 into a support level. “One coin that I think still looks pretty good is Popcat.
Unspent transaction outputs create a long history that is tracked by onchain analysts, blockchain heuristic companies, and law enforcement.
BTC price gains allow Bitcoin bulls zero in on $300 million in ask liquidity located above $62,000.
On Friday, the global crypto market saw a boost in value, with bitcoin (BTC) climbing 2.29%, approaching the $62,000 mark at 9:30 a.m. EDT. Ethereum (ETH) joined the upward trend, gaining a more modest 1.6%, pushing toward the $2,400 level. Bitcoin and Ethereum Climb Following U.S. Jobs Report This rebound came on Oct.
TeraWulf Inc. (NASDAQ:WULF) shares are trading lower Friday after the company released its September Bitcoin (CRYPTO: BTC) mining update. Here's a look at the details from the report.
Uncertainty encapsulates crypto markets as Bitcoin (BTC) hovers above $60K. While some altcoins are defying this trend and rallying, others await BTC's signal.
Iris Energy Limited (NASDAQ:IREN) shares are trading higher Friday after the company released its September investor update. Here's a look at the details from the report.
Successful Bitcoin (CRYPTO: BTC) trading is not about being bullish or bearish, but rather about understanding the probabilities of market movements, according to a prominent crypto trader. What Happened: Pseudonymous trader CJ outlined in a detailed social media post that he anticipates Q4 to be largely bullish, despite the current downward trend.
Bitcoin has recorded the largest outflow from exchanges in more than 23 months, according to on-chain data from Cryptoquant. The data shows this is the largest outflow of Bitcoin from exchanges since November 2022, with all moving averages indicating withdrawals.
The last 12 hours have been absolutely wild in the crypto space, as major U.S. television network HBO announced the imminent launch of a new series, "Money Electric: The Bitcoin Story." However, the cause of the hype was not the program itself, but the claim that the real identity of Satoshi Nakamoto - the pseudonymous figure who created Bitcoin and developed its white paper back in 2008 - will finally be revealed.
Bitcoin, the leading cryptocurrency, has seen a steep decline of over $5,000 from its recent peak of $66,000. As the market navigates this tumultuous period, analysts are closely watching key support levels that could dictate Bitcoin's next major move.