The European Central Bank (ECB) strikes again, publishing an economic paper about Bitcoin (BTC) called “The distributional consequences of Bitcoin.” Analysts have called it a “declaration of war” on Bitcoin or “one logical leap away” from the ECB acquiring BTC.

A closely followed crypto analyst is warning that Bitcoin (BTC) is not cleared for takeoff despite rallying above $68,000. Crypto strategist Justin Bennett tells his 133,400 followers on the social media platform X that Bitcoin is flashing mixed signals as BTC threatens to surge to new all-time highs.

Bitcoin whale accumulation, chart technicals, and a declining stablecoin dominance hint at a BTC price bull run ahead.

Bitcoin ETFs saw over $2 billion in inflows this past week, marking their strongest performance since March.

The 2024 presidential election could set big changes for the crypto industry into motion.

Tesla CEO Elon Musk has warned that the U.S.

As noted by Blockstream CEO Adam Back, Bitcoin's 200-week moving average (MA) has surpassed the $40,000 level for the first time.

Bitcoin recorded an 11% increase last week, reaching heights comparable to those of July. However, according to some analysts, macroeconomic headwinds could soon disrupt this upward momentum.

Following the approval of options trading on BlackRock's Bitcoin ETF (exchange-traded fund) on Nasdaq, it was only a matter of time until the United States Securities and Exchange Commission (SEC) authorized ETF options trading on other exchanges.

The Bitcoin price has not quite been able to replicate its midweek form over the weekend, hovering around the $68,000 level. Despite the quiet performance in the past day, the premier cryptocurrency has managed to hold its own above $68,000.

2024 has been Bitcoin's greediest year ever.

Economists at the European Central Bank (ECB) believe that Bitcoin's continued rise in value will drastically affect wealth distribution, but not in a good way for most people.

A recent paper published by the European Central Bank (ECB) claims that early Bitcoin investors are profiting at the expense of newer entrants to the market.

Dr. Ulrich Bindseil, Director General for Market Infrastructure and Payments at the European Central Bank (ECB), and Dr. Jürgen Schaaf, advisor to the same division, recently published a paper titled “The Distributional Consequences of Bitcoin.

Samson Mow, founder of Bitcoin-focused company JAN3, recently addressed the German Bundestag in an effort to push for the state to adopt Bitcoin, thus pushing for “hyperbitcoinization” sooner to be able to live in a future where Bitcoin becomes every global citizen's currency of choice.

BTC holds $68K amid ETF inflows and Fed rate cut bets. Tesla's BTC moves stir interest, while US election fuels speculation on BTC's future.

Gold and Bitcoin have approached a critical price zone, where the market is poised for a significant breakout during times of market uncertainty.

Bitwise chief investment officer Matt Hougan is unveiling the catalysts that he believes will push Bitcoin (BTC) to $100,000 and beyond. Hougan says on the social media platform X that macroeconomic conditions and on-chain data appear to be suggesting that Bitcoin is poised to spark huge rallies.

APE is the biggest gainer in the past 24 hours.

This past weekend was a whirlwind of activity in the cryptocurrency world. From a man suing a city council over lost Bitcoins to the Coinbase CEO expressing admiration for Elon Musk's productivity, the stories were as diverse as they were intriguing.

Six months after Bitcoin's April 2024 halving, cryptocurrency mining firms are facing critical decisions as their revenue has been significantly reduced, according to a report by David Pan for Bloomberg News. The halving, which occurs every four years and halves the reward miners receive for verifying transactions, limits Bitcoin's supply to help control inflation.

Venture capital (VC) investment in crypto and blockchain startups decreased in the third quarter of 2024. This decline is partly attributed to the growing popularity of bitcoin exchange-traded funds, which offer an alternative way for investors to gain exposure to the crypto sector. U.S.

The crypto market concludes another week with remarkable developments unfolding across the broader sector. Against the backdrop of an ‘uptober' rally sentiment, Bitcoin (BTC) closed the week at the $68K level, whereas the meme coins sector stole the spotlight with attention-nabbing gains.

Bitcoin recently hit the $68,000 price mark. However, that isn't the whole story!

Bitcoin has surpassed Ethereum's market capitalisation by over $1 trillion and one crypto analyst pointed out it is a new all-time high "for the spread."

Last January 10th, 2024, the US Securities and Exchange Commission finally approved the Bitcoin ETF applications of 11 funds, including Fidelity, Grayscale, and Blackrock's IBIT. Within a month, trading volume increased as more banks, funds, and individual traders got a share.

Bitcoin's price has recently surged above the $68,000 mark, gaining 12% over the past week and reigniting hope for a sustained upward movement. With momentum building, many wonder whether Bitcoin can push past its recent highs and target the much-anticipated six-figure mark.

Founder of Professional Capital Management Anthony Pompliano has recently commented on the Bitcoin Vs Dollar debate. In a recent interview, he lauded BTC, saying that the fiat currencies are likely more volatile than BTC.

Bitcoin nearly reached $69,000 yesterday, setting a new local high and further solidifying the ongoing uptrend that began in September. This price action has fueled optimism among analysts and investors, who now anticipate significant gains in the coming weeks.

The hopes for a $70,000 Bitcoin price tag remain high, but some hurdles remain.

Bitcoin could reach six figures sooner than expected, driven by surging institutional flows into exchange-traded funds (ETFs), economic instability, and the U.S. presidential election, according to the chief investment officer of asset management firm Bitwise. The executive highlights factors like growing GOP support for cryptocurrencies and inflation concerns pushing investors toward BTC.

Once again, Bitcoin has brought excitement to the cryptocurrency landscape as analysts predict an upward trajectory for the price of the alpha coin. The buzz of a Bitcoin price upsurge is making headlines as two crypto experts raised the possibility of it hitting the six-figure mark per coin, intensifying the discussion on the coin's future.

There has been a surge in interest from institutional investors in the cryptocurrency market, and a notable player in this trend is Morgan Stanley. The American multinational investment bank recently disclosed that it holds a substantial investment of $272 million in Bitcoin ETFs (exchange-traded funds).

Leading Russian cryptocurrency expert has made waves in the crypto community by predicting that Bitcoin (BTC) could soar to between $70,000 and $75,000 by the end of October. This forecast comes on the heels of a recent uptick in Bitcoin's price, which has recently approached the $67,000 mark.

Bitcoin, the world's most prominent cryptocurrency, is once again capturing market attention as its price hovers around the critical $68,000 mark. After a 12% surge over the past week, Bitcoin has displayed remarkable resilience, maintaining its position above the $67,000 resistance zone.

Crypto analyst Ash Crypto has alerted the crypto community that $33.14 billion is at risk if the Bitcoin price reaches $72,462. This relates to the short positions that could be liquidated if the flagship crypto hits that price target, a development that will be bullish for BTC.

Bitcoin millionaires have increased by over 111% from 2023 to 85400, accounting for 49.6 of % crypto millionaires in 2024.

After the Bitcoin halving took place in April, major Bitcoin miners have increasingly started choosing one of two strategies — either hodl the BTC they mine or gear up with artificial intelligence (AI).

Crypto analyst Justin Bennett has predicted that the Bitcoin price could retrace to $63,000 following the recent market rally. This prediction comes as the flagship crypto targets a new all-time high (ATH) following a weekly high of around $69,000, its highest level since late July.

Matt Hougan, the chief investment officer of Bitwise Asset Management, has suggested that Bitcoin (BTC) could rise to six figures in 2025. Speaking in a recent interview on the Altcoin Daily YouTube channel with host Aaron Arnold, Hougan laid out a series of compelling factors that he believes will fuel this anticipated price surge.

A certain class of holders are capitalizing on favorable market conditions to book profits.

While bitcoin's price has remained above $68,000, onchain fees tagged along for the ride. Earlier this month, fees were below $1, but two days ago on Oct. 17, the average transfer fee hit a peak of $6.32. Today, onchain fees stand at around 22.9 satoshis per virtual byte (sat/vB), or roughly $3.61 per transaction.

Bitcoin (BTC) has been on a remarkable upward trajectory, gaining over 10 percent in the last two weeks. As of now, Bitcoin's price hovers around $67,000, just shy of the key resistance level at $68k.

Opposition to Bitcoin by non-holders could influence regulatory landscapes, potentially impacting wealth distribution and economic stability. The post ECB officials urge Bitcoin latecomers, non-holders to oppose Bitcoin and advocate for legislation against it appeared first on Crypto Briefing.

Since its introduction in 1999, the euro has lost approximately 85% of its value against gold due to monetary inflation.

Economists from Europe's Central Bank argue that even without a "bubble bursting", perpetually rising bitcoin prices only benefit early adopters.

Investing in bitcoin (BTC) does not require buying a whole coin. Investors can buy fractions of a bitcoin, making it accessible to a wide range of budgets. This accessibility allows investors to explore a variety of strategies suited to their risk tolerance and goals.