Bitaxe founder Skot not only created the first ever open-source ASIC-based Bitcoin miner, but he's inspired over 4,000 others to contribute to open-source Bitcoin mining projects.
October saw a surge in the crypto market, with a 13% rise in market capitalization from $2 trillion to $2.35 trillion. Interestingly, retail investors are becoming more active, but instead of traditional spot trading, they are increasingly turning to derivatives.
On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) marked another day of gains, pulling in $294.29 million in positive inflows. In contrast, ether ETFs saw a different story, losing $20.8 million across nine funds during the trading day. As Bitcoin ETFs Surge Again, Ether Funds See $20.8M in Outflows According to sosovalue.
A trader who nailed the May 2021 Bitcoin (BTC) collapse is suddenly turning bullish on Dogecoin (DOGE). Pseudonymous analyst Dave the Wave tells 146,500 followers on the social media platform X that DOGE may be forming a bullish ascending triangle on the daily timeframe.
TL;DR Bitcoin has outperformed Ethereum this week, driven by a 14% increase following the Fed's rate cut. Institutional interest in BTC remains higher, with futures at record highs, while ETH faces slower adoption. Demand for ETH has declined, surpassed by altcoins and Layer 2 solutions that have shown better performance.
With growing interest in central bank digital currencies globally, India may move to ban private cryptocurrencies, positioning its digital rupee as the future of its financial ecosystem.
Bitcoin spot ETFs on Oct. 21 continued their strong momentum, registering a net inflow of $294 million, marking the seventh consecutive day of inflows. What Happened: Leading the charge, BlackRock's (NASDAQ:IBIT) ETF saw an impressive $329 million in inflows, while other major players showed mixed results.
As financial institutions continue to ramp up their tokenization efforts, many — including BlackRock — have been quick to assume that Ethereum will dominate this space. However, I think that Bitcoin, with its superior security model and emerging programmability, is actually poised to become the foundation of the next generation of capital markets.
Bitcoin (BTC) is showing promising signs of growth, with analysts speculating that it could surge to $71,000 in the near future. The leading cryptocurrency has been trading within a symmetrical triangle pattern, which often indicates a significant price movement is on the horizon.
Bitcoin (BTC) has often been criticized for its perceived high usage of power sources that fuel climate change, but emerging data suggests that the top cryptocurrency is a net negative emissions network.
As of Oct. 22, 2024, bitcoin (BTC) is priced at $67,058.95, fluctuating within a 24-hour range of $66,669 to $68,268. With a market cap of $1.32 trillion and a daily trading volume hitting $44.03 billion, the digital currency appears to be in a consolidation phase, according to technical indicators.
Currently, Bitcoin is positioned at a critical juncture. A strong support at $66,000 is important for any upward movement. Recent analysis on Crypto Banter's The Sniper Trading Show explains a crucial support level for Bitcoin. Analysts anticipate the formation of a pin bar candle, suggesting a push toward the $70,000 zone in the coming weeks.
In a recent interview with journalist Madison Reidy, Michael Saylor, CEO of MicroStrategy, stirred a massive controversy within the Bitcoin community with his remarks on custody and regulation.
Bitcoin (BTC) is gaining momentum as it approaches a crucial breakout moment, with market analysts predicting a potential surge toward $72,000. This comes on the back of promising technical indicators flipping bullish, suggesting that Bitcoin is on the verge of entering a new rally phase.
A somewhat mixed picture in crypto trading fits in with the expiry week as it's the last Friday of the month with futures and options expiring.
Crypto analyst CryptoCred presents a detailed trading strategy for Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), focusing on key price levels and potential scenarios for the coming week. What Happened: In a recent “Monday Markets” podcast, CryptoCred analyzed Bitcoin's technical outlook after its strong weekly close.
The price of Bitcoin (BTC) faced a minor dip recently as it went below the $68,000 level. However, this has not stopped whales from continuing their buying spree.
Bitcoin price was rejected due to profit-taking and big resistance at $69,000, but breaking it would trigger over $1.6B in short liquidations.
Stacks adds Asymmetric Research as a key security contributor for its Bitcoin Layer 2 network.
The top asset manager, BlackRock, maintains leadership in the crypto ETF ecosystem. Its iShares Bitcoin Trust (IBIT) ETF has continued to enjoy massive inflows, signaling investors' preference.
"Just like Satoshi left a million Bitcoin to the universe, so I'm leaving whatever I've got to the civilization,” the MicroStrategy co-founder said.
Bitcoin (BTC) is feeling the heat today after hitting a wall at the $70,000 mark on Monday. But guess what? Institutional investors are loving the dip! US spot ETFs saw a whopping $297 million in fresh inflows as they swooped in.
With self-custody and third-party custodians becoming hot topics within the crypto community, the founder of timechainindex.com, an X user known as Sani, recently posted an eye-opening image of onchain data. The snapshot revealed that Coinbase currently holds 11.72% of the total 19.77 million bitcoin (BTC) in circulation.
Bhutan, a small Buddhist monarchy in the Indian subcontinent, has made a surprising entry into the world of cryptocurrency, becoming one of the largest Bitcoin-holding countries. According to Arkham Intelligence, Bhutan's government holds approximately $780.49 million in Bitcoin, ranking it fourth globally, just behind the US, China, and the UK.
CNBC's MacKenzie Sigalos reports on the surge in net flows into the ten spot bitcoin ETFs and where the latest crypto PAC money is going with two weeks until the General Election.
All eyes are on Bitcoin this week after a Bernstein analyst said the world's largest cryptocurrency by market cap will surpass the $70,000 in the coming days.
Over the past 24 hours, the Bitcoin price has experienced a 2.05% dip after nearing the $70,000 mark. This decline raises concerns that yesterday's bullish breakout from a seven-month descending channel may have been a false signal.
A dormant Bitcoin wallet from the Satoshi era has awoken after over 13 years of inactivity. The wallet, holding 20 Bitcoin (BTC) since June 2011, has resurfaced, triggering a significant transaction that has captivated the crypto community.
A Bitcoin whale who began mining cryptocurrency just five days after Bitcoin's genesis block in 2009 has sold approximately $9.68 million worth of BTC, with the sale marking one of the most significant movements of early-era Bitcoin in recent months.
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 22, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin's $70K target in focus, but here's why it could remain range-bound this week.
In the times when the Bitcoin price was expected to rise above $70,000 aiming for a new ATH, the bears have intensified their activity. The Bitcoin (BTC) price is just a few dollars above $67,000 and hence is believed to drop back to the range.
One U.S.-based market research firm still has a cautious outlook, maintaining a "neutral" rating on both Bitcoin and Ethereum.
Major investors are piling into BTC. With higher prices feeding positive price action, Bitcoin might be headed even higher.
MicroStrategy's executive chairman, Michael Saylor, claims he intends to return his Bitcoin wealth back “to the civilization” after he dies. In his interview with Madison Reidy on Markets with Madison, Oct.
Bitcoin veteran Tuur Demeester says a new European Central Bank (ECB) paper on BTC is a “declaration of war” on the top crypto asset. In new research, the ECB claims that BTC has strayed away from the original vision of Satoshi Nakamoto, its pseudonymous creator, and now exists to extract value from latecomers and non-holders.
The world's largest asset manager, BlackRock, attracted $329 million in inflows on Oct. 21 for its spot Bitcoin exchange-traded fund (ETF). iShares Bitcoin Trust's large daily inflow took place alongside a tumble in the Bitcoin price following a failed challenge of the $70,000 level.
Microstrategy co-founder Michael Saylor blasted the original bitcoin community stating that crypto-anarchists were paranoid about possible bitcoin seizure events involving the large companies that currently provide crypto custody. Saylor said that they were the ones who could incentivize a seizure measure due to their lack of compliance with government rules while exercising self-custody.
The renewed participation from retail bitcoin investors points to a decrease in risk aversion.
Approximately 16% ($682 million) of the notional value in bitcoin that is set to expire is currently “in the money.”
Bitcoin's (BTC) path toward $70,000 has seemingly stalled, with analysts identifying conditions the digital asset must meet or risk witnessing dominance by bears.
The ApeChain launch still provides Ape Coin price with tailwinds, but Bitcoin has taken a more prominent role in defining market direction.
A crucial momentum indicator for Bitcoin (BTC) has turned positive, as the premier cryptocurrency attracted more than $2.1 billion in spot exchange-traded fund (ETF) weekly net inflows.
Some argue self-custody, if nothing else, is the core of Bitcoin, the fact that you can trust no one but yourself to hold and safeguard your wealth.
Australia's financial market regulator charged the former CEO of a defunct cryptocurrency exchange for embezzling $1.47 million that a customer had sent to buy Bitcoin (CRYPTO: BTC). What Happened: In a press release shared Tuesday, the Australian Securities and Investments Commission (ASIC) stated that Grant Colthup, the ex-CEO of Mine Digital, allegedly used the funds to pay off the liabilities of the parent company, ACCE Australia Pty Ltd, or buy cryptocurrencies for others, or both.
Michael Saylor, once an advocate for Bitcoin self-custody, has now shifted gears stating that “too big to fail” banks should take up the task of Bitcoin custody.
Bestselling author and popular financial motivator Robert Kiyosaki, known for his book "Rich Dad Poor Dad," made an unexpected statement today which, despite his usual posts, consisted of just three words: "best asset today."