Three of the largest cryptocurrencies are stumbling today. Here's why.
Bitcoin mining giant CleanSpark (NASDAQ:CLSK) is betting big on the next crypto bull run, as CEO Zach Bradford told Bernstein analysts that the company plans to aggressively expand mining capacity ahead of and expected Bitcoin (CRYPTO: BTC) price surge. What Happened: "I believe we could see Bitcoin peak just under $200,000, sometime in the next 18 months,” Bradford told Bernstein analysts in an interview.
Bitcoin and altcoins are witnessing end-of-month volatility, but traders remain upbeat about October due to the crypto market's history of strong performance in Q4.
The cryptocurrency market appears to be gearing up for its next upward trend as several key indicators, including Bitcoin‘s (CRYPTO: BTC) Exchange Flow Multiple, show signs of accumulation. What Happened: The Exchange Flow Multiple (30-day/365-day) – an indicator measuring the ratio between short-term and long-term inflows and outflows of Bitcoin on exchanges – has reached its lowest point this year, suggesting decreased volatility in Bitcoin exchange flows, according to CryptoQuant.
As October approaches, Bitcoin anticipates strong market performance, possibly reclaiming or surpassing its all-time high.
The head of blockchain analytics platform CryptoQuant thinks Bitcoin (BTC) is right in the middle of a bull cycle, despite a dip to start the week.
Bitcoin (BTC) is showing signs of a potential parabolic rally in October. A combined reading of some on-chain metrics signals that the king coin is poised to move toward the $73,000 price mark.
Raphael Bostic, the President of the Federal Reserve of Atlanta, has hinted that he might favor another 50 basis point rate cut in November if US Job data improves. This conditional expectation is not unheard of as other Federal Reserve officials have hinted.
Recent data reveals that bitcoin wallets holding between 0.1 and 1 BTC have grown by an impressive 9,563 since the year began. Meanwhile, the number of crab wallets containing 1 to 10 BTC has shrunk by 7,783.
Prominent cryptocurrency trader Eugene Ng on Saturday shared his trading reflections for September, highlighting a successful month that saw him net nearly $7 million in profits. What Happened: His keen market strategies and timely decisions during a pivotal period have led him to predict a significant upcoming surge in Bitcoin (CRYPTO: BTC) and other leading cryptocurrencies.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
It's difficult to find a more fundamental threat to Bitcoin's continued existence than mining centralization.
The Bitcoin exchange-flow multiple value is now at a similar low point as when BTC price rallied around 46% in 2023.
Ohio State Senator Niraj Antani introduced legislation aiming to legalize Bitcoin (BTC) and other crypto payments for taxes and fees in the state of Ohio and its local political subdivisions. The bill — introduced on Sept.
Could Bitcoin's historic “Uptober” returns repeat themselves this year, especially after its best September performance ever, or are we set for a new twist in Bitcoin's price action? October brings back hopes As October rolls around, the Bitcoin (BTC) community
On-chain data shows minimal retail involvement in the current crypto rally, hinting at potential further price increases.
After bitcoin's recent surge above $66,000, bullish sentiment flooded the market. But could this be why the coin failed to unlock $70,000?
Investors piled into Bitcoin investment funds and crypto ETPs, with more than $1 billion in inflows over the last week.
Bitcoin's price has fallen by over 3% in the past 24 hours, amid a "long squeeze" in the perpetual futures market, according CryptoQuant.
As Bitcoin (CRYPTO: BTC) prices dropped below $64,000 in Monday trading, veteran crypto analyst DonAlt sees potential for a significant breakout but urges traders to remain cautious. What Happened: In the latest podcast update, DonAlt highlighted the importance of Monday's monthly close, noting it could be “the 18th close above $65,000 or above $58,000 rather.
Kamala Harris has done nothing to confirm she will support or protect the industry so far, while her political opponent is going above and beyond for it.
Eric Balchunas, the most authoritative voice in the field of ETF pundits, recently explained that Pennsylvania-based financial titan Vanguard is not willing to touch Bitcoin exchange-traded funds, mainly due to the fact that it is generally not interested in commodities.
Bitcoin has remained above $60,000 for the past two weeks, holding strong as the broader crypto market bulges. This steady performance is fueling optimism among traders and investors alike.
Bitcoin-gold tensions flare as Peter Schiff contends Bitcoin is unworthy of its spotlight due to its lack of real-world use and scarcity.
MicroStrategy could soon have bigger bitcoin pockets than Grayscale.
A new week has started with a market correction, according to CoinStats.
Ohio Senator Niraj Antani introduced a bill to legalize cryptocurrency payments, including Bitcoin, for state and local taxes.
Bitcoin (BTC) faces increased bearish pressure, as a divergence on the 4-hour chart suggests a possible correction toward $60,000.
Bitcoin and cryptocurrency stocks retreated on the final trading day of September, following a rally the previous week. Despite the pullback, the crypto market remains on track to post a positive month, with Bitcoin leading the way.
Altcoins are midway through a robust season, propelled by Bitcoin's impending consolidation.
CleanSpark CEO Zach Bradford told Bernstein he's expecting a post-election bump in markets.
Bitcoin has surged by 26.2% since early September, crossing the $65,000 mark. With October historically being a strong month for BTC, could this be ‘Uptober'?
Since their approval in January 2024, Spot Bitcoin ETFs have been steadily gaining traction in the United States, with the issuers buying hundreds of thousands of BTC as their popularity spread. This has led to a large stash of BTC by these issuers as BlackRock leads the charge.
If this bill passes, people and businesses in Ohio will be able to use the popular cryptocurrency, Bitcoin, to settle their tax bills. They could do this instead of using regular money like dollars.
Bitcoin (BTC) may not be able to sustain its bullish trend as some whales have made negative moves. It appears that selling pressure has started to increase on BTC, hindering a potential upward rally.
Bitcoin has pulled back a bit during the course of the trading session on Monday, as we continue to see a lot of bullish pressure, but quite frankly, the market is likely to continue to see a lot of noisy and choppiness as far as trading is concerned on the
Bitcoin's recent price surge toward $66,000 has led to heightened optimism, but the market now faces a potential retracement phase. The $66K resistance level is proving to be a formidable barrier, and BTC is likely to undergo a period of consolidation or correction before determining its next major trend.
Bitcoin recently managed to climb back to $66,000, generating enthusiasm among traders.
TL;DR Ocean launches DATUM, a decentralized mining protocol that allows miners to control block creation. DATUM offers an alternative to Stratum V2, decentralizing block construction in Bitcoin. The new protocol aims to mitigate centralization and improve Bitcoin's security.
Bitcoin's (CRYPTO: BTC) 8% uptrend over the past 30 days is seen by traders as a precursor to what may be coming in the year's final quarter. What Happened: “Millionaire trader” Unipcs highlighted that eight out of ten Octobers have seen Bitcoin rise in value.
If you bought the bitcoin dip, you're definitely not alone.
I've written a second travel guide, this time focusing on Guatemala, a must-visit country for bitcoiners.
While majority of DeFi tokens faced a setback in the last month, memecoins performed relatively better.
TL;DR Market Sentiment: Santiment's analysis indicates that Bitcoin's high bullish sentiment (a 1.8 to 1 ratio of bullish to bearish posts) could lead to a market correction. Recent Price Movements: Bitcoin surged over 10% to $64,000 due to significant monetary policy changes in the US and China, but remains 13% below its March peak.
Bitcoin surged while the other altcoins were consolidating and currently, the price is dumping harder than them. While some of the altcoins are maintaining a steep ascending trend, Bitcoin flashes the possibility of a bearish pullback.