TL;DR Bitcoin's Price Drop: Bitcoin's price fell by 3% to $58,900 after the latest CPI data release, causing market-wide concern. Massive Liquidations: The price drop led to approximately $196 million in Bitcoin liquidations, highlighting the market's volatility.

Japanese investment firm Metaplanet has bought $6.7 million worth of Bitcoin, adding 108.99 BTC to their expanding cryptocurrency reserves. On Oct. 11, Metaplanet invested ¥1 billion or equal to $6.7 million in Bitcoin(BTC) reserves.

Bitcoin's boring price action, characterized by continued accumulation by small investors, is being attributed to several reasons. including the U.S. election uncertainty and renewed uptick in the U.S. Treasury yields.

This week, Bitcoin is seeing a critical options expiry, where traders face an intense showdown between calls and put. However, the crypto market faces a significant event as $1.61 billion worth of Bitcoin and Ethereum options contracts are set to expire Meanwhile, Data from Deribit reveals that 18,271 Bitcoin options contracts are expiring today.

Neiro is surprising everyone right now. While most of the crypto market, including Bitcoin and Ethereum, is down, Neiro has surged by 52.65% in just the last 24 hours. It's currently trading at $0.089. Pretty wild, considering how things have been for other cryptos. Let's dive deeper and analyze what is happening.

The October bullish narrative for Bitcoin is gradually losing steam as investors show fear of further capitulation amid low demand from institutional investors.

A key level could be instrumental for BTC's price action.

MicroStrategy seeks to borrow money at low rates, offer slightly higher rates to lenders, and invest those funds into bitcoin.

With Donald Trump making significant gains over Kamala Harris on Polymarket prediction platform, Trump-themed meme coins are having a gala period despite broader market correction.

Bitcoin's recent market trends have left many investors wondering about the future of the cryptocurrency. After reaching an all-time high of $73,750 in March 2024, Bitcoin has now entered a bear market phase, according to the Bitcoin Bull-Bear Market Cycle Indicator from Crypto Quant.

Bitcoin (BTC) and Ethereum (ETH) options for a total of $1.6B are expiring this Friday. The run-up to the event and the expiry may trigger volatility, extending the BTC choppy sideways trading.

Speakers at the Bitcoin Amsterdam 2024 conference exposed how flawed academic studies on Bitcoin fuel misinformation, affect media coverage and lead to misguided policies.

Bitcoin (BTC) continued its current correction with a dip below $59,000 on Thursday. The alpha cryptocurrency may have been affected by the news out of the Consumer Price Index Report that inflation had increased 0.2% in September, which was a more than expected rise.

With the volatility in the price of Bitcoin (BTC), different metrics now play a key role in judging what traders should expect next. One invaluable tool during this period remains Coinbase Premium, a metric that clearly defines the two extremes of Bitcoin's price.

Federal prosecutors recommend an 18-month jail sentence for Heather Morgan ("Razzlekhan") for her role in laundering stolen Bitfinex Bitcoin, while also seeking the return of over $6 billion in seized crypto assets as restitution.

In a post shared on X, Crypto pundit Ki Young Ju observed the state of ancient Bitcoin whales, asserting that they are still “sleeping.” According to his observations, Bitcoin whales have been dormant for more than seven years, depending on their source and destination, and have historically triggered market volatility.

In a strong display of resilience, Bitcoin (BTC) maintained its position above the $60,000 mark Thursday amidst a week of speculation and mixed signals in the crypto markets.

A digital art piece inscribed on Bitcoin's Ordinals protocol titled “Ascend” has been sold for $57,450 at Christie's Post-War and Contemporary Art Day, beating it's low estimate of $39,000.

Bitcoin is again in a tough zone and the whole crypto market is feeling the heat. BTC price has dropped below a key support level and the fear is spreading in the market. Whales are making waves and diamond hands are staying strong, still the market fails to climb.

Bitcoin's struggle around $60,000 has many investors feeling stuck, waiting for the next big move. According to crypto analyst PlanC, this seven-month pause might just be the calm before the storm. With Bitcoin spending more time between $60,000 and $70,000, it's building a strong base for a potential breakout.

In a fresh display of growing discord within the SEC, Commissioner Mark Uyeda has slammed the agency's cryptocurrency policy, calling it a “disaster” for assets like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE). Despite rising criticism, Chairman Gary Gensler remains firm in enforcing the policy.

Major institutions like BlackRock and Metaplanet are buying Bitcoin during market dips, while some individual investors are panic selling amid recent price volatility.

Bitcoin's largest whales are in clear accumulation mode while speculators stage knee-jerk sell-offs at a loss.

UNI and POPCAT are the top gainers on a weekly scale.

It appears that there may be another decline in Bitcoin, with traders keeping a close eye on a dip below $60,000. The BTC OrderBook heatmap displays a concentration of buy orders near the $58,000 mark, signifying a robust support area.

Mt. Gox has delayed its Bitcoin repayment plan to October 2025, potentially easing selling pressure on the cryptocurrency market in the short term.

Bitcoin (BTC) has become a focal point for investors looking for stability in uncertain times. As the leading cryptocurrency maintains its foothold above critical support levels, experts are suggesting that a price rebound could be on the horizon.

Metaplanet has purchased over 300 Bitcoin this month alone, reinforcing its commitment to adopting the crypto asset as a corporate reserve asset.

Crypto analyst Bob Loukas has released a new video analysis titled “No Bull.” In the video, Loukas delves into the current state of the Bitcoin market, addressing growing concerns about the possibility of a canceled bull run.

The most recent Bitcoin Halving event took place on April 19, 2024. Investors had great expectations for this latest halving year, as in the previous halving year, the Bitcoin market delivered an impressive return of +304.1%.

Peter Brandt, one of the most famous commodity traders, has sent shockwaves across the cryptocurrency community by noting that the price of Bitcoin might potentially crash by a staggering 75%.

Bitcoin (BTC) slumped this week, losing 5.3% to a three-week low of $58,900.

Spot Bitcoin exchange-traded funds in the U.S. witnessed their third consecutive day of outflows on Oct. 10, while spot Ethereum ETFs posted a modest but positive turnaround after a day of inactivity.

Ethiopia has rapidly expanded its electricity allocation to Bitcoin mining, making it one of the world's fastest-growing markets for this activity. The country plans to further increase its capacity this year. Many of the miners are using mid-generation machines due to their low power consumption.

Crypto markets will witness $1.61 billion in Bitcoin and Ethereum options contracts expire today. The massive expiration could cause a short-term price impact, particularly after Bitcoin briefly broke below $60,000.

Seasoned trader Peter Brandt is leaning bullish on Bitcoin (BTC) as the flagship crypto asset lingers around 17% below the all-time high. Brandt tells his 741,800 followers on the social media platform X that his price target for Bitcoin is $135,000, a level he sees being reached in either August or September of 2025.

The lawsuit, initiated by the group Citizens Concerned About Wolf Hollow, alleges that the operations of Marathon Digital Holdings are producing “intolerably loud noise conditions” that disrupt the community's peace.

The recent CPI data did not impact Bitcoin on a larger side, as the price levels remained stuck within the same range. Some buyers jumped in to prevent excessive price drain but failed to close the day's trade on a bullish note.

Today, the global cryptocurrency market is rather stable, with a 0.03% growth, bringing the overall market capitalization to $2.12 trillion. The 24-hour trading volume increased by 4.72%, to $69.14 billion. Despite the overall stability, the Fear & Greed Index is at 37, indicating that investors remain fearful. The U.S.

In a development that could offer relief for Bitcoin (BTC) and the broader crypto ecosystem, Mt. Gox, the defunct cryptocurrency exchange that was hacked in 2014, has announced a significant delay in its repayment plan for affected creditors.

The U.S. Supreme Court has decided not to hear a pivotal case concerning the ownership of approximately 69,370 Bitcoins, valued at around $4.38 billion. These assets were seized from the notorious Silk Road dark web marketplace, and the Court's dismissal of the case has implications that could ripple through the crypto market.

Bitcoin is trading at $60,580, down less than 0.05% for the day, as it faces resistance near the $60,700 level. Despite recent attempts to break higher, Bitcoin has struggled to gain momentum above $61,000.

Bitcoin recently fell to a three-week low, dipping to $58,900, especially after an encouraging U.S. CPI report raised hopes of potential interest rate cuts. However, traders see this dip as a potential buying opportunity.

The recent Bitcoin dip under $60,000 has sent jitters across the market triggering more than $53 million long liquidations in the last 24 hours. However, big players like BlackRock and Metaplanet have been buying on every dip in this market cycle highlighting their confidence in the asset class.

Following Bitcoin's price swings witnessed in the past weeks, a crypto expert has predicted a potential resurgence of bullish momentum in the short term. However, the crypto asset must recover a certain level in order to unlock the next significant price surge.

Dan Tapiero, founder of 10T Holdings, predicts that Bitcoin will reach $100,000 regardless of the outcome of the US presidential election.

The fear of further crypto capitulation in the short term is palpable after Bitcoin (BTC) price teased below $59k in the past 24 hours. Despite today's Bitcoin price rebound above $60k, the flagship coin has consistently closed below the 50 and 200-day Moving Averages (MA) uncovering a significant bearish sentiment.