The proposed department, abbreviated as D.O.G.E, will seek to make government spending of taxpayer money more efficient while streamlining departments that handle spending.

Recent analysis shows that Bitcoin has officially broken out from important resistance levels. According to analyst Josh of Crypto World, this bullish trend follows a period of lower highs and lows, signaling a shift towards a more sustained bullish market.

Bitcoin made its second attempt to break free of the $68,300 resistance and faced rejection one more time. However the price is stable and BTC is trading around $67,670. A lot of whale movements have been detected after months which raises some concerns.

A proposal to change the blob gas target and max values on Ethereum comes seven months after blobs were introduced in the blockchain's Dencun upgrade in March.

Bitcoin (BTC) is poised for a significant price surge. Ömer Ergin, known as Rekt Capital, recently shared insights with his followers that suggest Bitcoin is on the brink of a major upward movement, following historical patterns observed in previous market cycles.

Someone asked Musk if he would head up a new “Department of Government Efficiency.” Musk responded with a lighthearted grin, “Yeah, Doge.

Key Points:

Corners of financial markets that could feel the impact of a Donald Trump victory are stirring again, as the U.S. presidential race tightens with less than three weeks until Election Day.

BlackRock, the issuer of the IBIT ETF, acquired more than $680 million in Bitcoin in the last two days. This comes as IBIT, one of the most successful ETFs, is spiking in price.

The Bitcoin market has stabilized after a volatile start to the week. Bitcoin has faced significant resistance at levels around $67,500 to $68,000. After rejecting this resistance, a pullback seems likely. Although Bitcoin has shown strength recently, the current economic fundamentals could contribute to a downturn.

Cryptocurrency Prices Today, October 18: The broader market on Friday again showcased mixed actions, sparking investor speculations globally. Although Bitcoin (BTC) price briefly touched the $68K mark today, Ethereum (ETH), Solana (SOL), and XRP prices encountered market volatility.

BTC's price rally fuels bullish sentiment, with supply shortage signalling more gains.

On-chain data shows around 95% of all Bitcoin holders are in profit following the latest bullish action that the asset's price has seen. Very Few Bitcoin Addresses Are Still Underwater In a new post on X, the market intelligence platform IntoTheBlock has shared an update on how the Bitcoin holder's profitability is currently looking.

BitMEX co-founder Arthur Hayes predicts Bitcoin's price will rise alongside surging oil and energy prices if tensions between Iran and Israel boil over.

The cryptocurrency market has been rocked by an extraordinary wave of liquidations, with nearly $300 million wiped out in just one day. This surge is primarily attributed to a significant rally in Bitcoin's price, compelling many traders to exit their positions under duress.

Ethereum price is consolidating gains above the $2,580 resistance. ETH could gain pace if it clears the $2,650 resistance zone.

Bitcoin and Ethereum continued trading flat even as equities notched fresh record highs. However, Dogecoin moved higher on Thursday.

Bitcoin has regained its dominance in the cryptocurrency market, with its market share climbing to an impressive 58.98%. This marks the highest level of dominance for Bitcoin since April 2021, reflecting a broader trend in which the leading cryptocurrency is outperforming its altcoin counterparts.

Elon Musk, CEO of Tesla Inc. and owner of social media platform X, threw his support behind former President Donald Trump during a campaign town hall on Thursday while floating the idea of a new government agency named after a cryptocurrency meme. What Happened: Speaking to voters in suburban Philadelphia, Musk outlined his vision for the “Department of Government Efficiency” popularly called D.O.G.E.

Recent reports have revealed that Ethereum has had a challenging run, underperforming compared to other major cryptocurrencies. However, despite this, some positive signs may be on the horizon.

Bitcoin Spot ETF cost an average of $57K which is crucial for current bull rally.

A Russian crypto expert has backed Bitcoin to reach $70k to $75k by the end of this month, following a recent price surge.

A Bitcoin wallet from 2011 that had been inactive for over 13 years has suddenly moved more than $10 million worth of BTC. This transaction is the second such occurrence within the same week, raising questions about a potential connection between the two events.

Bitcoin price holding gains above the $67,000 resistance zone. BTC is now consolidating and aiming for more gains above the $68,350 resistance.

Morgan Stanley Bitcoin ETF holdings have reached $272.1 million, representing 0.02% of its $1.2 trillion in assets.

Recently, Bitcoin transactions involving large amounts, known as whale transactions, have surged to their highest level in over 10 weeks. On Tuesday, there were 11,697 transfers of $100,000 or more, and Wednesday also showed strong activity.

A massive whale purchase of 86.87 million DOGE has spurred a market surge, sending the coins price up 21%. Investor interest grows as bullish momentum continues, with potential gains ahead.

The spot Bitcoin exchange-traded funds (ETFs) launched earlier this year after securing approval from the U.S. Securities and Exchange Commission have surpassed $20 billion in total inflows, with BlackRock's iShares Bitcoin Trust (IBIT) leading with $22.4 billion inflows.

Bitcoin (BTC) is trading slightly lower in South Korea compared to the global cryptocurrency markets due to a reverse ‘kimchi premium,' not seen since October 2023. Reverse ‘Kimchi Premium' Makes Bitcoin Cheaper In South Korea According to a report by The Korea Times, there is a price differential of more than $500 between Bitcoin's price in South Korea and global markets.

Bitcoin (BTC) has continued its ascent in recent weeks, reclaiming major highs. However, recent analysis suggests that the $57,000 level could be one of the most critical support points for the ongoing bull rally.

The Dogecoin price is once again gearing up for a significant move to the upside. In a recent price analysis of current price movement and previous price action, an analyst suggested Dogecoin is on track to repeat another parabolic run, potentially sending its price skyrocketing to $10.

Ethereum (ETH) continues to navigate a dynamic market landscape, recent indicators suggest a growing potential for the cryptocurrency to reach the $3,000 mark. With an uptick in active addresses, significant exchange outflows, and bullish technical signals, Ethereum appears to be positioning itself for a price rally.

Nearly 70% of institutional investors holding Ethereum (ETH) are engaged in staking, with 52.6% of them holding liquid staking tokens (LSTs), according to a Blockworks Research report. Nearly half of institutional investors staking ETH prefer to use only one integrated platform, such as Coinbase and Binance.

Former Bitmex CEO Arthur Hayes sees a bitcoin bull market on the horizon, driven by soaring energy prices and rampant inflation as Middle East tensions escalate. He argues that rising costs will send BTC's value surging in fiat terms, with newly printed dollars flooding the market.

The cryptocurrency market is witnessing a significant shift as Bitcoin whale wallets—accounts that hold vast amounts of Bitcoin—are increasing their holdings at an unprecedented rate. Recent data from Crypto Quant, an on-chain analytics platform, reveals that these whale wallets have accumulated nearly 1.97 million BTC in 2024 alone.

As it gets closer to forming a golden cross, Shiba Inu is exhibiting indicators of a possible breakout. The 50-day moving average crossing above the 200-day moving average is a bullish pattern that frequently results in a substantial increase in market momentum.

Bitcoin is witnessing a surge in network activity as large investor transactions, also known as whales, have skyrocketed significantly to new highs in light of recent broader market confidence. In comparison to the trading volume in the past few days, the growth is notable as the crypto asset's price has started to recover from its lows.

Solana's recent DEX volume dominance against Ethereum sparks speculation of a major bull run on the horizon.

Bitcoin, the most popular cryptocurrency, is making waves in the financial world as it approaches a significant price milestone. Many investors are buzzing with excitement, speculating that Bitcoin could soon surpass the $70,000 mark.

A new survey has found that bitcoin usage has dropped to critical levels in El Salvador, with less than 10% of its citizens using it to make transactions.

On-chain data shows the Bitcoin whale transactions have spiked following the latest rally, a sign that profit-taking may have begun. Bitcoin Whale Transaction Count Now Highest In Over 10 Weeks According to data from the on-chain analytics firm Santiment, the Bitcoin whales have shown an increase in activity recently.

ETH price has hit a roadblock as options traders remain skeptical of $3K target before US elections.

World, previously called Worldcoin, has debuted an Ethereum layer-2 chain with an aim to onboard real humans—not bots.

VanEck significantly downgrades its long-term Ethereum (ETH) price target.

Ethereum's "changing fundamentals" and growing embrace of layer-2 networks could massively impact ETH's future price, a VanEck analyst said Thursday.

Kraken has launched KBTC, a wrapped bitcoin product fully backed 1:1 by bitcoin and compatible with multiple networks. KBTC aims to expand bitcoin's use beyond its native chain and into decentralized finance (defi) ecosystems.

Bitcoin is holding strong above $67,000 after setting a new local high of around $68,300, fueling excitement among investors. This bullish momentum is driven by price action and supported by key market data signaling a potential uptrend continuation.

Bitcoin price continues to show resilience near the $67,000 level despite recent market fluctuations. A stronger US dollar, as indicated by the Dollar Index (DXY) reaching three-month highs, briefly pushed Bitcoin to an intra-day low of $66,759. However, Bitcoin has managed to maintain a bullish stance amid these challenges.