Tesla has reported stable bitcoin holdings for Q3 2024, despite transferring its 11,509 BTC to new wallets. The move, which sparked speculation but did not signal a sale, suggests routine security measures. Tesla posted $25.2 billion in revenue and $2.7 billion in profits, driven by record vehicle deliveries and a 52% surge in energy storage.
Bitcoin has been on an impressive surge since early September, rising by 31% from local lows around $53,000. However, after testing the $69,500 supply level, the cryptocurrency faces selling pressure.
The remarks made by a popular executive from a Bitcoin development company, advocating for large financial institutions to take custody of Bitcoin, disappointed the cryptocurrency community.
The exec stressed that cash holdings in his portfolio are short-term, favoring inflation-resistant assets.
Vitalik Buterin has unveiled the latest roadmap phase, “The Verge,” which proposes a groundbreaking shift in blockchain technology to make transaction verification possible on devices as small as smartwatches — something previously unimaginable. In a detailed blog post on Oct.
Analyst TechDev has indicated that Bitcoin (BTC) could be on the verge of entering a significant upward phase. Currently trading around $69,000, many in the crypto community are eager to see if Bitcoin will indeed mirror historical patterns that have previously led to substantial price increases.
As Bitcoin's price momentum increases, its offline footprint is also beginning to emerge more clearly with the rise of Bitcoin-only community hubs.
Leverage in the market appears to be rising to unsustainable levels.
According to veteran trader Peter Brandt, Ethereum might have just seen its future looking brighter. Known for his technical forecasts, Brandt feels the altcoin is on the verge of a bullish turnaround.
After the Dencun upgrade lowered Ethereum fees, a recent surge in Blob fees was triggered by a major L2 token airdrop.
As a response to the latest anti-Bitcoin paper by the European Central Bank (ECB), a new academic paper titled “Challenging Bias in the ECB's Bitcoin Analysis” has been published. Authored by Murray A.
According to Tesla's Q3 financial filings, the company's automotive sales declined slightly since Q2 2024, while leases increased slightly.
Jeff Park, Head of Alpha Strategies at Bitwise, has projected that Bitcoin (CRYPTO: BTC) could skyrocket to $92,000 in the event of a Donald Trump election victory. What Happened: In a post on X on Tuesday, Park used a merger arbitrage-style probability model, tying Bitcoin's price fluctuations to Trump's election odds to calculate that if Trump wins, Bitcoin's price could hit approximately $92,000.
Bitcoin (BTC) is showing the first signs of positive price momentum since June, as it attempts to convincingly break the $69,000 price zone and shift to a “euphoric bull market.
Bitcoin (BTC) finds itself at a pivotal juncture. After recently reaching a significant resistance level at $70,000, the leading cryptocurrency is experiencing a consolidation phase that has analysts buzzing.
Michael Saylor, the founder of Microstrategy, recently downplayed concerns about bitcoin confiscations, calling them a “myth.” He referenced Executive Order 6102, which compelled U.S. citizens to surrender their gold, to support his stance. However, historical evidence paints a different picture, especially regarding voluntary compliance.
Elon Musk's electric car maker Tesla is believed to still be holding onto its nearly $780 million worth of Bitcoin, despite moving the funds from its wallets for the first time in two years, prompting rumors the firm was selling its BTC holdings.
Ethereum price followed the broader crypto market sell-off, but its longer term price weakness is driven by network-specific factors.
Volatility has continued to rock the digital currency ecosystem with Bitcoin (BTC), Chainlink (LINK) and Dogecoin (DOGE) in the spotlight. Current market data shows the combined crypto market cap dropping by 2.05% to $2.28 trillion.
Despite the demand for meme coins waning, a crypto analyst has claimed that the Dogecoin price could be on the verge of a parabolic 5,202% price surge. Lately, the price of Dogecoin has been on a major decline, failing to break key resistance levels.
Bitcoin's latest failure to surpass $70,000 has analysts worrying that the ongoing rise in the U.S. Treasury yields could lead to an extended drop. CoinDesk's Omkar Godbole reports the concerns may be overblown, citing the upcoming coveted "golden cross" price pattern.
Ripple CEO Brad Garlinghouse believes that an XRP exchange-traded fund will get approved by the SEC following recent filings.
Ethereum has had a turbulent start to the week, and data suggests that further declines may be on the way. As Bitcoin loses momentum and drops below immediate support levels in recent hours, selling pressure on Ethereum is increasing.
Bitcoin may be facing a significant market correction as patterns reminiscent of 2021 are emerging in its price movements, according to a recent analysis by popular trader Alan Santana on TradingView.
Tesla has confirmed that its Bitcoin holdings remain intact, despite recent wallet movements that sparked speculation within the cryptocurrency community. According to Arkham Intelligence, the company still holds 11,509 BTC, valued at $765.22 million as of October 23, 2024, after moving its assets to new wallets.
Tesla maintains 11,509 BTC worth $765M in Q3 2024 while showing strong profit margins in its earnings call. The post Tesla keeps Bitcoin holdings intact as Q3 earnings reveal strong profit margins appeared first on Crypto Briefing.
MicroStrategy executive chair Michael Saylor backtracked on his recent remarks about self-custody and clarified that he supports it as a fundamental right. Saylor said that the right to self-custody applies to all individuals and institutions, who have the freedom to choose the form of custody.
Bitcoin maximalist Michael Saylor believes Bitcoin's ecosystem should welcome everyone and every type of custodial option available. Cryptocurrency community leaders and members criticized MicroStrategy executive chairman Michael Saylor for comments that seemingly criticized users who self-custody Bitcoin (BTC).
Analysts attribute the negative Kimchi Premium to waning investor sentiment in the Korean market.
Three fundamental metrics appear to be driving Ethereum lower today.
Bitcoin's mining difficulty has reached a new peak, driven by a rising hashrate as miners compete for rewards.
Cryptocurrencies weren't spared as stocks, bonds, gold and oil all declined on Wednesday.
Ethereum (ETH) held in accumulation wallets has surged to over 19 million as of October 18, 2024. This marks an impressive 65% increase since the year began, underscoring a growing wave of interest from both individual and institutional investors.
Following the backlash from his earlier comments regarding custody providers and self-custody, Michael Saylor turned to X to clarify that he does not oppose self-custody.
Several positive developments have been cited lately around the Ethereum blockchain network, one of which is the recent significant drop in the network's transaction fees after a period of extremely high costs, which has historically been a major challenge for users.
American institutions are making ripples in the cryptocurrency market, having invested a staggering $13 billion in spot Bitcoin ETF shares since its inception in January 2024. Many people are surprised by this move, given that traditional financial institutions were first hesitant to enter the world of digital assets.
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Chris Ahn, partner at Haun Ventures, discusses why Stripe is buying stablecoin platform Bridge for $1.1 billion.
Bitcoin poised to fill price gap, potential bullish continuation toward higher levels.
Bitcoin's correction ignited selling in altcoins, which are slipping below critical support levels.
Ethereum (ETH) bulls have a big task at hand despite helping the altcoin price rise above $2,700 earlier. This time, the new mission is to prevent ETH from going below $2,400, which is a crucial support level.
Michael Saylor, the Chairman of American business intelligence and software firm MicroStrategy came under fire over his Bitcoin statements earlier. As a major social town hall, conversations sprung up on X regarding self custody options for the top coin.
BRICS leaders advocate Bitcoin use to bypass Western sanctions, highlighting a shift towards decentralized financial systems. The post BRICS leaders push Bitcoin to bypass Western sanctions as Putin calls for alternatives appeared first on Crypto Briefing.
In a Wednesday social media post, MicroStrategy co-founder Michael Saylor recently addressed his controversial comments about self-custody.
According to Arkham Intelligence, the bitcoin transferred by Tesla last week was likely just relocated to newer wallets, but the company still holds control over the funds. Arkham revealed that the assets are now spread across seven separate wallets.
Bitcoin (CRYPTO: BTC) could soar to $200,000 by the end of 2025, driven by a combination of rising institutional demand and supply reduction following the latest halving. What Happened: In their October “Bitcoin Investing Guide,” Bernstein analysts highlighted Bitcoin's unique supply structure, particularly its capped total supply of 21 million coins and the halving events that reduce the rate at which new coins are created.
Riot Platforms, Marathon Digital, and CleanSpark, three of the largest Bitcoin mining companies in the U.S., have backed a new political action committee to support pro-crypto candidates in key swing states.
A negative Coinbase Premium Index suggests larger investors are reducing their exposure to Ethereum, adding selling pressure to the market.