Bitcoin is currently poised for a retest after recently breaking out, signaling a potential turning point, according to analyst Josh of Crypto World. The recent breakout shows major market movement, but the immediate focus is on whether Bitcoin can hold above key support levels.

Spot Bitcoin exchange-traded funds recorded $294.29 million in net inflows on Oct. 22 even as Bitcoin's price fell below $67,000. On Oct. 22, Bitcoin saw a price drop of 3.

Bitcoin (BTC), the biggest digital asset, saw a major halt in its bullish chance to regain the $70,000 level. BTC's price dropped by over 2% in the last 24 hours dragging it back to the $67,000 zone.

Higher open interest is considered bullish, but it could trigger sharp corrections in the short term if bitcoin's movements do not align with trader speculations.

The crypto market just took a surprising dive after hitting a 3-month high, with the global market cap dropping by 2.2% to $2,34 trillion. Meanwhile, the leading cryptocurrency, fell below $67,000, showing a 2.7% decline. This nervousness has led to a short-term dip, causing a quick pullback as investors grow cautious.

Michael Saylor faces backlash for endorsing Bitcoin custodianship through “too big to fail” banks, contradicting his previous support for self-custody.

Since July 29, the Bitcoin price has been struggling to regain the $70,000 mark, which has proven to be a formidable resistance barrier for the leading cryptocurrency. This resistance has been in place for the last two quarters of the year, after BTC hit an all-time high of $73,700 back in March this year.

Michael Saylor's recent endorsement of Bitcoin custodianship through large financial institutions has sparked criticism from the crypto community.

The broad-based CoinDesk 20 (CD20), a liquid index tracking the largest tokens by market capitalization, lost 2.1%.

The institutional investment giant has bought a huge stack of Bitcoin while its competitors have been offloading.

According to blockchain data firm Arkham Intelligence, an ancient Bitcoin whale has sold a total of $9.7 million worth of Bitcoin.

The topic of government deficits has gained significant attention, especially as countries grapple with rising debts and economic uncertainties. A government runs a deficit when it spends more money than it receives in income, primarily through taxes.

Bitcoin nears the $70,000 mark as open interest in futures hits a record high, with stable funding rates indicating a healthy market environment, according to Bitfinex Alpha.

BlackRock's Bitcoin fund carried over to the rest of the United States spot Bitcoin ETFs, which recorded a net inflow of $294 million on Oct. 21.

Bitcoin's derivatives market has reached a historic peak as open interest (OI) in Bitcoin futures hit a staggering $40.5 billion, according to the latest report by Coin Glass. This milestone reflects heightened market activity and investor confidence in the leading cryptocurrency, which recently saw its price surge to nearly $70,000.

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Asia's MicroStrategy Metaplanet recently raised fresh capital of 10 billion Japanese Yen through its stock sale, in preparation for its next mega Bitcoin purchase. Earlier today, the company concluded its 11th series of Stock Acquisitions Right.

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The crypto prices today appear to have faced a setback, as Bitcoin (BTC) price waned to the $67K level over the past day. Ethereum (ETH), Solana (SOL), & XRP prices also mirrored a downside momentum, sparking market concerns.

Bitcoin (BTC) prepares for what some analysts believe could be a significant price surge. The co-founders of Glassnode, a prominent crypto analytics platform, have shared insights suggesting that Bitcoin is on the brink of a breakout after a prolonged period of consolidation.

Institutional interest in Bitcoin ETFs remains strong, potentially stabilizing the market amid geopolitical uncertainties and economic shifts. The post BlackRock Bitcoin ETF records $329 million net inflows despite market retreat appeared first on Crypto Briefing.

CryptoQuant analyst Burak Kesmeci's recent report revealed a significant notable rise in Bitcoin accumulation addresses, which now surpasses 2.9 million BTC. These addresses have steadily increased their holdings without selling despite the market's uncertainty, doubling their Bitcoin reserves in just 10 months.

Metaplanet Inc. (Tokyo: 3350), a company focusing on hotel asset management and operations, has announced detailed plans to strengthen its Bitcoin (BTC) strategy through stock sales. Earlier in August, the company's board members approved a plan to sell common stock worth over ¥10 billion, equivalent to around $6.

Bitcoin price extended gains above the $69,200 resistance zone. BTC is now correcting gains and trading near the $67,500 pivot level.

Crypto funds have reported an impressive $2.2 billion in inflows over the past week. This surge marks the largest weekly increase since July 2024, with Bitcoin leading the charge by attracting $2.13 billion in new investments.

Bitcoin has surged above $69,000, marking a significant milestone after two weeks of impressive gains. Since October 10, the price has increased by over 17%, positioning itself to test the previous all-time highs of around $73,000 set in March.

Leading cryptocurrencies made a sharp U-turn Monday, mirroring the pullback in stocks, as the ‘Uptober' rally takes a halt.

The cryptocurrency market is experiencing a remarkable surge, driven largely by substantial inflows into Bitcoin exchange-traded funds (ETFs) that have exceeded $2.1 billion over the weekend. This uptick has not only boosted Bitcoin's price, reaching an impressive $68,738, but has also positively impacted other cryptocurrencies, signaling a transformative moment for the digital asset landscape.

In comparison to its rivals, XRP has been underperforming among the top 10 cryptocurrencies exhibiting the least amount of price movement. The asset has been stuck in a declining range for the past few weeks, unable to break through local resistance levels.

Alan Santana, a crypto analyst on TradingView, has predicted that the Bitcoin price could potentially experience a drastic decline to new lows around $35,720, driven by muted buying volume. The analyst has declared that the current state of the market is bearish, highlighting potential manipulation from whale investors.

Bitcoin (BTC) continues to demonstrate strength, maintaining a trading price above $68,000, despite the common pattern of reduced trading volumes over the weekend. Meanwhile, analysts are turning their attention to potential upward movements for Arbitrum (ARB) and Ethereum (ETH) in the weeks ahead.

Bitcoin (BTC) has recently experienced a surge in buying pressure, but market indicators suggest that a correction could be on the horizon. As the leading cryptocurrency trades around $68,423.71, a sell signal has appeared on its chart, prompting speculation about whether Bitcoin will dip back to $66,000.

A recently released HBO documentary used a series of interviews and clues to narrow down the identity of Bitcoin (CRYPTO: BTC) creator Satoshi Nakamoto to one man, someone who happens to deny the claim. Another person who wasn't Satoshi Nakamoto was entrepreneur and industrialist Henry Ford, who founded Ford Motor Co (NYSE:F).

With the SEC's approval of options for spot Bitcoin ETFs, analysts expect another wave of institutional adoption and associated volatility.

A group of BTC miners, including Riot Platforms, Clean Spark, and Mara Holdings, is throwing their weight behind the new Bitcoin Voter PAC, as competition intensifies to influence the outcome of the 2024 election.

Bitcoin continues to make waves in the cryptocurrency market, miners are at a pivotal point. Recent fluctuations in Bitcoin's hash price, which represents the estimated daily earnings for each petahash per second (PH/s) of mining power, highlight the challenges and opportunities that lie ahead.

Northern Data AG, a German infrastructure company specializing in cryptocurrency and artificial intelligence, announced on Monday that it is exploring a potential sale of its Peak Mining unit to refocus its efforts to allocate funds for expanding its artificial intelligence operations.

Bitcoin is making headlines again as its price recently climbed to $69,055, marking a modest increase of 0.8% amid relatively low market volatility. This resurgence comes after a week of notable trading activity, suggesting that buyers are regaining the momentum that had waned following an earlier rally.

Bitcoin has experienced a strong upsurge over the past week, but market fundamentals suggest a potential correction.

Bitcoin hit roughly $69,400 over the weekend before retreating slightly as wars rage on and the US election approaches.

The Federal Reserve Bank of Minneapolis is recommending that governments tax or ban Bitcoin to prevent the cryptocurrency from destabilizing fiscal policy. With U.S. deficits at record highs, the Fed suggests Bitcoin could make budget management increasingly difficult.

BTCUSD Soars: Will $70K Be Within Reach? Bullish Momentum Builds!

Bitcoin continues to stand out as a leading asset for wealth creation. According to the latest report by Henley & Partners, a staggering 49.6% of all crypto millionaires attribute their success to Bitcoin.

A widely followed crypto analyst says that Bitcoin (BTC) is gearing up for a new vertical leg as it mirrors past movements of a major stock index.

Bitcoin price approached $70,000 during Asia's morning trade Monday, while a key technical analysis indicator flipped positive on the weekly chart for the first time since April, sending a clear bull signal for the largest cryptocurrency by market cap. CoinDesk Anchor Christine Lee presents the "Chart of the Day.

The Bitcoin (BTC) hashrate, a measure of the total combined computational power used to mine and process transactions on the proof-of-work blockchain, has continued to grow. While this metric is crucial to gauge the adoption and network security level, many still wonder what will keep the BTC hashrate sustainable.

Bitcoin faces a pullback, but altcoins see gains as macroeconomic factors and U.S. election optimism fuel the crypto market.