Spot Bitcoin exchange-traded funds saw their eighth straight day of inflows on Sept. 30, whereas spot Ether ETFs experienced outflows following a day of positive flows.
Bitcoin (BTC) has defied expectations, showcasing a remarkable performance that leaves investors hopeful for what lies ahead. This month, Bitcoin has gained over 10%, marking a significant shift from the traditionally challenging September months of years past.
PoliFi tokens are rallying as election countdown clock clicks on, and DeSci protocol BIO looks to raise $13 million in a public token sale.
Michael Dell, the seemingly Bitcoin-curious founder of his namesake tech firm, sold 10 million shares worth of his company for the second time in September.
Despite being a historically bearish month, Bitcoin has recorded its best-ever September in over a decade.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently lagged behind other top tokens, posting losses on both a 24-hour and weekly basis. Despite this downturn, some analysts believe that if Ethereum can overcome critical resistance levels in the near future, it may follow seasonal trends typically seen in “Uptober,” potentially leading to a price recovery.
Bitcoin's price decline highlights the impact of broader economic uncertainty, with US economic concerns, global geopolitical tensions, and market volatility driving investors toward safer assets.
Jesse Pollak, the creator of Ethereum's Layer 2 blockchain Base, has announced his new role as part of the Coinbase executive team, marking progress in his career.
Robert Mitchnick, the head of digital assets at BlackRock, recently admitted that the trading volumes and inflows for spot Ethereum ETFs are quite underwhelming against their Bitcoin counterparts. As we know, the market for Ethereum ETFs has turned dull and boring with not enough takers for the asset class, against the strong demand for Bitcoin.
Bitcoin is trading around $63,840, testing the 38.2% Fibonacci level as October kicks off. The cryptocurrency market appears poised for increased volatility, with potential for an uptrend if key resistance levels are broken.
Japanese investment firm Metaplanet Inc. has boosted its Bitcoin (CRYPTO: BTC) portfolio, purchasing an additional 107.91 BTCs valued at around $6.92 million. What happened: The Tokyo Stock Exchange-listed firm disclosed its latest grab Tuesday, reaffirming its conviction in the world's largest cryptocurrency's potential.
Spot bitcoin ETFs reported daily net inflows of $61.3 million on Monday, while spot ether ETFs saw modest outflows of $822,290.
Trader Alex Krüger ignited debate by positing that Solana (SOL) could soon surpass Ethereum (ETH) in market capitalization. This assertion, shared during an engaging episode of the Unchained podcast, has drawn attention from investors and analysts alike, challenging the traditional hierarchy of the crypto space.
The netflows chart did not support a strongly bullish Ethereum price prediction.
The proposed legislation requires all political subdivisions in Ohio to accept Bitcoin and other cryptocurrencies for payments.
Bitcoin mining firm NewRays alleges that Judge Allen Dodson, prosecuting attorney Phil Murphy, selectively enforced noise legislation to target its business.
Japanese investment firm Metaplanet on Tuesday announced it had purchased an additional 107.9 Bitcoin, valued at 1 billion yen ($7m), as the crypto market kicks off the fourth quarter with optimism.
Response to Swan's lawsuit says that the mining company at the center of the controversy was only minority-owned by the company, and not a full-fledged subsidiary.
The Tokyo-listed firm continued its bitcoin holding strategy with an additional purchase of 107.913 bitcoin.
Crypto Prices Today, October 1: The broader market on Tuesday saw a set of mixed price actions, sparking investor speculations globally. Bitcoin (BTC) price saw a waning action, resting at the $63K level today.
On Tuesday, Asia's MicroStrategy Metaplanet announced the purchase of 107 Bitcoins to its kitty just as the crypto market kickstarts Q4 on an optimistic note with investors eyeing a Bitcoin Uptober rally. Over the past few months, the Japanese-listed firm has been consistently buying Bitcoins by adopting MicroStrategy's playbook to add BTC to the balance
Digital asset inflows reached $1.2 billion, with Ethereum contributing $87 million, reversing its five-week outflows amidst improving market sentiment.
Metaplanet's aggressive Bitcoin acquisition strategy highlights a growing trend of firms using cryptocurrency as a hedge against economic instability. The post Metaplanet acquires additional ¥1 billion worth of BTC appeared first on Crypto Briefing.
Bitcoin, the leading cryptocurrency, is experiencing a surge in investor optimism, as indicated by a notable decline in its balances across various cryptocurrency exchanges. This trend suggests that holders are increasingly reluctant to sell their Bitcoin, reflecting a positive market sentiment and expectations for future growth in the cryptocurrency sector.
Following the recent price upswing in the price of Bitcoin, several factors like crowd sentiment have been considered to be the major reason for the surge. However, Axel Adler Jr a market expert has delved into the subject, noting that the recent and previous price spike is majorly attributed to supply and demand.
Bitcoin shows strength, accumulation increases, DeFi demand rises, bullish momentum expected higher.
Memecoins created on the Solana (CRYPTO: SOL) blockchain withstood the overall market drop on Monday to post encouraging gains. What happened: Dog-themed Bonk emerged as the best-performing billion-dollar capitalization meme coin in the last 24 hours and the third-best cryptocurrency overall, surging over 8%.
Bitcoin (BTC) reached a two-month high of $66,500 last Friday, fueled by fresh market liquidity and renewed investor confidence in risk assets following the US Federal Reserve's (Fed) interest rate cut on September 18. However, one analyst predicts that the cryptocurrency's market capitalization and price could grow significantly in the coming years if the current bullish trends continue.
Bitcoin slips to $63K as ETF outflows and Fed rate uncertainty dampen demand. Market sentiment shifts amid weak BTC-spot ETF performance and Powell's remarks.
Ethereum price is correcting gains below the $2,650 resistance. ETH is now trading near the $2,600 support and might face many hurdles.
iShares Ethereum Trust ETF has underperformed compared to its highly successful Bitcoin ETF.
Bitcoin price started a fresh decline below the $65,000 level. BTC is now testing the $62,850 support zone and might start another increase.
Bitcoin has seen an uptick in price enough to recover from the losses in value from August. So far, the asset has surged by nearly 10% in the past two weeks alone, registering a 24-hour high of $66,000 earlier today, although BTC has now seen a slight retracement, currently trading at $63,508.
BlackRock's commitment to educating investors on Ethereum could drive long-term growth and broader acceptance of digital asset ETFs. The post BlackRock sees potential in spot Ethereum ETF, despite slower uptake compared to Bitcoin appeared first on Crypto Briefing.
A wallet linked to Vitalik Buterin deposited 649 Ethereum worth $1.72 million to Paxos.
Ethereum co-founder Vitalik Buterin has stirred discussions within the crypto community by advocating for a concept he calls “Ethereum Alignment.” This initiative seeks to unify the diverse projects in the Ethereum ecosystem, ensuring that they collectively advance toward common objectives rather than existing in silos.
Global crypto investment products have surged, recording $1.2 billion in net inflows over the past week. This marks the third consecutive week of positive inflows and a notable shift in market sentiment, as highlighted by the latest report from CoinShares, a leading digital asset investment firm.
Trading volume for Dogecoin surged significantly recently, hitting an all-time high of $1.2 billion. The sudden surge in activity caused traders and investors to jump on DOGE, temporarily driving up its price.
Howard Lutnick, CEO of Cantor Fitzgerald, says bitcoin is a commodity. “When you truly understand bitcoin, it's hard to see it any other way,” he said, adding that the crypto “should be treated like gold and like oil.” While stating that other digital assets may vary, he firmly maintained that BTC is a commodity.
Bitcoin (BTC) is making headlines once again as it approaches a potential bullish market phase, trading at approximately $66,000. With the excitement building for new all-time highs (ATHs) in the fourth quarter of 2024, investors are keenly observing key market signals that suggest significant upward momentum could be on the horizon.
On October 1, 2024, the popular Solana-based meme coin Bonk (BONK) made a headline as it topped the cryptocurrency market with its impressive performance. In the ongoing struggling cryptocurrency market, BONK has outperformed major cryptocurrencies like Bitcoin (BTC), Solana (SOL), Ethereum (ETH), and many others with a significant price surge of over 9.
Ethereum ETFs recorded their largest inflow in over a month, bringing in $84.6 million last week.
Bitcoin (BTC) is poised to wrap up September with a surprising gain of at least 9%, marking its best monthly performance since 2013. This outcome defies the cryptocurrency's historical trend of negative returns during September, a month that has often been characterized by downturns for Bitcoin.
As we head into the fourth quarter of 2024, Bitcoin (BTC) options activity is heating up, reflecting an increasingly risk-on sentiment among traders.
The recent shift to inflows follows shifting macroeconomic winds.
Bitcoin's recent rally faces obstacles with bearish signals in China and low retail participation, despite a 7% gain in September. The post Bitcoin faces near-term uncertainty despite strong September gains appeared first on Crypto Briefing.