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.
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.
With a momentary drop under $59k, Bitcoin formed a 24-hour low at $58,867. However, the quick reversal drove the BTC price back above $60k, resulting in a lower price rejection. Currently, the BTC price shows a symmetrical triangle in the 12-hour chart, holding the fate of the crypto market.
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.
The BTC price has come under strong selling pressure once again diving to the support of $58,900 levels on news of hotter-than-expected US CPI inflation data. Although Bitcoin has bounced back to $60,600 levels at press time, legendary trader Peter Brandt predicts the possibility of a 75% correction from here.
Metaplanet's latest purchase brings the company's total Bitcoin holdings to 748.502 BTC, reinforcing its long-term bet on the leading crypto.
Bitcoin (BTC) whales have markedly increased their activity, accumulating a substantial amount of BTC amid ongoing price uncertainties in the market. Over the past two days alone, these large holders have gathered a total of 1,000 BTC, signaling potential shifts in market dynamics as previously dormant coins re-emerge.
Separating couples can now split digital assets like Bitcoin and track hidden wealth through blockchain technology.
Trump's odds of winning the U.S. presidential election have surged to a more than two-month high. Plus, the market is stagnant despite hopes of another round of stimulus in China.
Cryptocurrency Prices Today, October 11: The broader market on Friday witnessed mixed price actions, sparking investor speculations globally. Bitcoin (BTC) price continued trading along the $60K level, whereas Ethereum (ETH), Solana (SOL), and XRP prices traded in the green territory.
Bitcoin drops as US economic data surprises. Rising inflation, higher jobless claims, and ETF outflows impact BTC, with more volatility expected.
Bitcoin price extended losses and traded below the $60,000 zone. BTC is now attempting a recovery wave and facing hurdles near $60,800.
‘Uptober' remained elusive as leading cryptocurrencies stagnated after hotter-than-expected inflation data poured cold water on expectations of further interest rate cuts by the Federal Reserve. Cryptocurrency Gains +/- Price (Recorded at 9:15 p.m.
After briefly rising above $63,000 in recent days, renewing investor's hope on “uptober,” Bitcoin has once again dampened this excitement by decreasing to as low as the $60,000 region today. This unappealing performance has led to a CryptoQuant analyst, Aytekin, raising and sharing insight on an important question: “Is it reasonable to expect a final shakeout before the next big move?
On Thursday, the SEC charged Cumberland DRW with various securities allegations, though bellwether Bitcoin has so far shrugged it off.
The price of bitcoin dipped to $58,867 on Thursday, around 2 p.m. Eastern Time, but by 8:50 p.m. it had climbed back above $60,000. The initial drop reflected heavy selling pressure, but the later rebound—though slow—suggests a potential recovery might be on the horizon.
Bitcoin nears critical support level, signaling potential rally amid positive social sentiment.
According to a crypto analyst, Bitcoin (BTC) may be heading towards a capitulation due to tightening on-chain liquidity. However, this capitulation could be followed by a “full bull” market.
Over the past three days large Bitcoin holders, colloquially referred to as whales, have “sold or redistributed” around 30,000 BTC, the equivalent to more than $1.8 billion worth of the flagship cryptocurrency.
Bitcoin faces rejection at key resistance, with $66,000 as the breakout point.
The cryptocurrency landscape is undergoing significant shifts as stablecoin liquidity hits record highs, suggesting a potentially favorable environment for Bitcoin (BTC) in the weeks to come. With Bitcoin trading around $62,133 and the month of October historically known for its positive price movements, many analysts are optimistic about a possible rally fueled by the increasing supply of stablecoins.
Significant activity has been displayed by Shiba Inu, as evidenced by a spike in large transaction volume of 4.1 trillion SHIB over the last day, almost reaching its seven-day high. Large transaction volumes often signal increased interest from larger holders, or whales, which may have a significant impact on how prices behave in the future.
During the US session, Bitcoin (BTC) could not stop its losing streak, dropping sharply below $59,000, hitting an intra-day low of $58,930. This decline is largely attributed to the higher-than-expected US CPI numbers for September, which showed inflation rising 2.4%, surpassing the market's forecast of 2.3%.
Crypto analyst TradingShot recently revealed that the Bitcoin price is forming a similar fractal pattern to the one that happened in October 2023. This is bullish for the flagship crypto, considering what happened last year when the fractal pattern formed.