Perplexity is an artificial intelligence (AI) model gaining the spotlight by its real-time web scanning to access up-to-date data. The AI recently appeared in a list of notable and feared competitors by OpenAI, ChatGPT's developer, as Finbold reported.
According to the latest figures from sosovalue.xyz, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) welcomed an impressive $235.19 million in inflows. Meanwhile, spot ether funds had a completely neutral day, with neither gains nor losses recorded. U.S. Bitcoin ETFs Secure Inflows While Ether Funds Stay Flat On Monday, bitcoin ETFs saw inflows of $235.
Bitcoin's price momentum slowed down as it hit resistance at $64,000, with traders cautiously eyeing the upcoming U.S. presidential election. As inflation reports loom and the election date approaches, market participants seem to be holding their breath, waiting for a clear direction.
Check out why these digital assets were at the forefront of discussions lately.
U.S. spot Bitcoin (CRYPTO: BTC) exchange-traded funds saw significant inflows, totaling $235.19 million on Monday, bucking the trend of net outflows in the previous week. What Happened: According to The Block, Fidelity‘s (BATS:FBTC) led the charge with $103.68 million in inflows.
Blockchain oracle provider RedStone has announced the launch of oracles designed specifically for Bitcoin staking.
Bitcoin price remained in a consolidation phase even as the amount held on exchanges continued to decline. Bitcoin (BTC) was seen trading at $62,540 on Oct. 8, slightly below this week's high of $64,500.
The United States Supreme Court has declined to hear an appeal from Battle Born Investments over the forfeiture of 69,370 bitcoins originally linked to the Silk Road darknet marketplace.
Financial services company Block, Inc. (NYSE:SQ), co-founded by tech mogul Jack Dorsey, is well-known for holding a significant amount of Bitcoin (CRYPTO: BTC) on its balance sheet. What happened: Exactly four years ago on Oct. 7, 2020, the company, which also sells point-of-sale equipment to small businesses, acquired 4,709 BTCs for a total of $50 million, or $10,618 per unit.
The divergence in the performance between Bitcoin and Ethereum ETFs underscores the unique market conditions each faces.
In his latest “Monday Markets” podcast, technical analyst CryptoCred offers insights into the current cryptocurrency market, focusing on Bitcoin's (CRYPTO: BTC) key levels and potential trading strategies for altcoins. What Happened: CryptoCred identifies $64,200 as a crucial resistance level for Bitcoin on the weekly timeframe, noting that it represents the highest close before a recent pullback.
JPMorgan analysts have predicted a so-called "debasement trade" could fuel a bitcoin price boom going into the U.S. election—with Trump expected to add $7.5 trillion to U.S.
The top 4 miners by market cap all beat their monthly production numbers
Ripple (XRP) making headlines amid ongoing legal challenges from the U.S. Securities and Exchange Commission (SEC). As of October 7, XRP has managed to stabilize around $0.54, while Bitcoin (BTC) and Ethereum (ETH) are also experiencing significant gains.
America is the largest economy in the world, and its GDP is around $29 Trillion. However, despite that, Robert Kiyosaki, the popular Book author and advisor, believes that America is falling.
The U.S. government may sell a $4.38 billion Bitcoin stash following a recent Supreme Court decision tied to Silk Road assets.
Recent analyses indicate a significant positive correlation between rising inflation rates and increased crypto adoption worldwide. Countries experiencing high inflation are witnessing a surge in crypto usage as individuals seek alternatives to devaluing national currencies.
Bitcoin's year-to-date return to volatility ratio is significantly lower than gold, according to analysis by Goldman Sachs.
Live digital devices, Bitcoin hardware wallets are not infallible. They require some routine upkeep, or at least a seed phrase backup.
Metaplanet disclosed that it acquired around 108.8 BTC at an average price of just under 9.2 million yen per coin. With this latest purchase, the company has now invested just shy of 6 billion yen in Bitcoin since adopting it as a reserve asset back in May.
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 8, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
Becoming a Bitcoin millionaire might be harder than you think. Here's why.
Popular blockchain platform Whale Alert, which tracks down large cryptocurrency transactions, has spotted a massive Bitcoin transfer made less than 24 hours ago.
A closely followed crypto strategist believes Bitcoin will generate more bullish momentum if BTC manages to convincingly reclaim a key price area. Pseudonymous analyst Inmortal tells his 216,500 followers on the social media platform X that all eyes are on Bitcoin after BTC surged past $63,000 yesterday.
When the leadership of firms of the stature of Blackrock and Cantor Fitzgerald get behind something, it is not going anywhere.
Around $2.4 billion of creditor repayments could be deposited back into the crypto market, according to the K33 analysts.
Boom Bap Burger, a popular bar and burger joint, announced its decision to accept Bitcoin payments using Swiss Bitcoin Pay. Swiss Bitcoin Pay is a platform facilitating Bitcoin transactions for merchants.
Even though the third quarter was tough, Bitcoin has been very strong in 2024, continuing to be the best-performing currency. A new report from the New York Digital Investment Group (NYDIG) says that Bitcoin made a small 2.5% gain in Q3, after going down in the previous three months.
A new HBO documentary promises to reveal Satoshi Nakamoto's real identity, potentially ending a 15-year search for the enigmatic Bitcoin creator. The documentary will air on Tuesday, Oct. 8, at 9 p.m. EST.
Microstrategy's stock is expected to soar by 64%, fueled by its bold bitcoin investment strategy, according to Bernstein analysts. Michael Saylor's leadership and the company's vast BTC holdings, valued at $16 billion, have played a pivotal role in its performance.
If Bhutan adopts a Bitcoin standard, it might one day act as a lender of last resort for countries and institutions facing acute crises.
Bitcoin experienced significant volatility, briefly touching $64,400 before retreating, while MicroStrategy stock hit a 6-month high amid market turbulence and political forecasts.
Bitcoin dropped 3.76% after hitting a high of $64,443 on October 7, currently trading around $62,438. The U.S. Supreme Court has declined to hear an appeal over the ownership of 69,370 Bitcoins seized from the Silk Road.
The U.S. Supreme Court's refusal to hear a case challenging the ownership of 69,370 Bitcoin seized from Silk Road has cleared the way for the government to sell the $4.4 billion cryptocurrency stash, while also reigniting political debates about the handling of seized digital assets.
Fold, the pioneering Bitcoin rewards and financial services app has taken a significant step toward going public by submitting an S-4 SEC IPO filing on October 7, 2024.
Bitcoin should paradoxically gain from China's stimulus rethink, but "near-term downside" risks remain for risk assets.
How might the Supreme Court's decision shape Bitcoin market dynamics?
A specific name will be mentioned during a documentary that will be broadcast in the evening in the USA.
Cape Town, South Africa – On 11 October 2024, the DHL Stadium will host Crypto Fest 2024, one of the most anticipated South African Web3 events of the year. This event will highlight Bitcoin adoption, crypto payments, and the growing regulatory landscape across Africa, emphasizing both the benefits and challenges of using cryptocurrency for payments.
Bitcoin, the world's leading cryptocurrency, is on the verge of a significant price milestone, with predictions suggesting it could reach between $85,000 and $100,000 by the end of the fourth quarter of 2024. This forecast is underpinned by a combination of rising demand, historical performance trends, and supportive market conditions.
The decision of the U.S. Supreme Court has just shaken the world of crypto. By dismissing the controversial case of Battle Born Investments, which claimed ownership of 69,370 Bitcoins seized on Silk Road, the highest court in the United States has opened the door to a possible massive liquidation by the government.
On Monday, the National Bank of Bahrain (NBB) announced the launch of its first Bitcoin-linked structured investment fund. The product, developed in partnership with digital asset firm ARP Digital, is designed specifically for institutional investors in the Gulf Cooperation Council (GCC) region, which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE.
Expectations for Bitcoin in the new month are largely positive, as market players point to historically bullish October trends. Despite the asset's underwhelming performance in the previous weeks, optimistic expectations for Bitcoin have not died down entirely.
Tokyo-listed investment firm Metaplanet is unlikely to stop its aggressive Bitcoin buying spree soon as it announced its latest purchase of the world's largest crypto by market cap on Monday. The company said it had acquired an additional 108.8 BTC for nearly $7 million.
Bitcoin (BTC) found support at around $62,000, helping it stabilize and prevent a further decline. The world's largest cryptocurrency has shed almost 2% over the past 24 hours after facing considerable volatility over the previous week, which saw highs of over $65,000 and a low of $59,800.
Bitcoin ETFs enjoyed their highest net inflows since Sept. 27, with FBTC and IBIT leading the way.
BlackRock, a major investment firm, now views Bitcoin as a "gold alternative" for wealth protection and Ethereum as a "technology bet," signaling growing mainstream acceptance of cryptocurrencies in the financial world.