U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler reiterated his stance that bitcoin is "not a security" but doubled down on his stated position that regulatory clarity exists for the crypto space in an interview with CNBC on Thursday.

Bitcoin rose by 3%, trading above $65K with U.S. spot bitcoin ETFs seeing one of their largest inflow days at $365 million,

The Bitcoin market met a strong upward momentum on September 7. Since then, the momentum has been gradually picking up strength. Yesterday, it helped the market break above the crucial range of $65,000. Now, the BTC price stands at $65,254.

Spot Bitcoin exchange-traded funds in the United States witnessed a two-month-high net inflow on Sept. 26 led by ARK 21Shares' ARKB which drew in $113.8 million.

Bitcoin's correlation with gold has reached its highest point in five months. According to data from Into The Block, this increase coincides with gold reaching a new all-time high against the dollar, trading at $2,670 per ounce today.

Historically, the Bitcoin price has recorded an average gain of just a few percent in September; however, the trend is expected to change soon.

Bitcoin price movements and market sentiment have often been tied to the positions held by traders across the board. Regarding that, an insight shared by CryptoQuant analyst Amr Taha sheds light on the potential significance of Bitcoin's long/short liquidation delta, hinting at a shift in market stance.

Yesterday's net inflows were led by Ark Invest and 21Shares' ARKB, which recorded positive flows of $113.82 million.

Swan Bitcoin took legal action this week against several former employees and a competitor, Proton Management. The company accused them of a deliberate attempt to undermine and seize its Bitcoin mining operations.

Cryptocurrency News: The cryptocurrency industry has seen noteworthy growth in the past 24 hours, climbing by 3.11% to reach a market cap of $2.29T. Along with the price wave, trading activity has also increased significantly, with a jump of 34.58% to $86.92 billion.

BNY Mellon's recent SEC approval for its crypto custody proposal has reignited institutional interest in Bitcoin. As Bitcoin's price hovers around $65,320, this development could further stabilize its value by boosting investor confidence.

Inflows into the spot Bitcoin ETF have skyrocketed once again with the Bitcoin price crossing more than $65,000 for the first time in nearly two months. The global rate cuts have provided a strong catalyst as BTC prepares for the best September on record with 10% monthly gains.

Michael Saylor, the co-founder of MicroStrategy and a vocal advocate for Bitcoin, has expressed his support for BlackRock's bullish statements regarding the leading cryptocurrency. Saylor's comments follow an appearance by BlackRock's head of digital assets, Robbie Mitchnick, at Bloomberg Crypto, where he made significant remarks about Bitcoin's potential.

Bitcoin broke above $65,000 mark during late trading on Sept. 26, with the day bringing over $360 million in inflows to United States-listed spot Bitcoin ETFs.

Recently, Vice President and Democratic nominee Kamala Harris disclosed her long-awaited stance on the crypto industry. Despite the criticism surrounding her seemingly “vague” approach, some politicians have felt “encouraged” about Bitcoin (BTC) and digital assets after the VP's statements.

The crypto prices on Friday sparked substantial investor optimism, illustrating bullish trajectories. Bitcoin (BTC) and altcoins have traded dominantly in the green, whilst Shiba Inu (SHIB) emerged among the day's top gainers.

The crypto market is set for potential volatility as approximately $7.7 billion worth of Bitcoin and Ethereum options expire today.

Bitcoin retakes $65K, driven by whale accumulation and ETF demand. US economic data supports a soft-landing, fueling bullish sentiment in BTC markets.

Ethereum price is eyeing a fresh increase like Bitcoin. ETH must surpass $2,665 to continue higher and trade to a new high in the near term.

Renowned economist Peter Schiff mocked Bitcoin (CRYPTO: BTC) investors for their indifference toward the leading cryptocurrency's declining value against gold, despite the disproportionate media attention. What Happened: On Thursday, Schiff questioned Bitcoin enthusiasts on X about the worrying trend.

Bitcoin continues to fluctuate around $63,747, traders are becoming increasingly aware of the risks associated with liquidation of long and short positions in the cryptocurrency market. Current data indicates that long positions are particularly vulnerable, facing significant liquidation risks if the price drops below $62,000.

Spot Bitcoin ETFs in the U.S. saw net inflows of $272.3 million on September 26, extending a six-day streak that totalled over $500 million, led by the ARK 21Shares Bitcoin ETF with $113.8 million.

Coinbase, one of the largest crypto exchanges available to U.S. investors, tends to see a high Bitcoin premium during a bull run.

Based on historical trend patterns, a crypto analyst has forecasted that Bitcoin could hit a staggering peak of $400,000. This ambitious price target would require Bitcoin to jump over 6X its current price, marking a historical milestone, as the cryptocurrency's market capitalization would surpass $7 trillion.

US Securities and Exchange Commission (SEC) Chair Gary Gensler reiterated the agency's stance on Bitcoin, declaring that the cryptocurrency is not a security.

Bitcoin price started a fresh increase above the $64,750 resistance. BTC is now consolidating near $65,000 and might remain supported.

Leading cryptocurrencies pumped Thursday, aided by favorable economic data, and sharp inflows in spot exchange-traded funds (ETFs). Cryptocurrency Gains +/- Price (Recorded at 9:15 p.m.

Bitcoin ETFs have now accumulated about 83% of Satoshi's holdings. Can it surpass Satoshi Nakamoto by year-end?

Bitcoin prices rallied today, rising to their highest since July as a combination of global macroeconomic developments caused gains in risk-on assets.

Swan Bitcoin has accused several former employees of “stealing the crown jewels” from its Bitcoin mining business to create a “counterfeit competitor.”

Bitcoin (BTC) prices hover near the significant threshold of $63,676, a striking trend has emerged in the market: Bitcoin sell-side risk has fallen to its lowest level in 2024. This decline occurs just $10,000 below the cryptocurrency's all-time high, indicating a notable shift in market sentiment among holders.

The cryptocurrency market is abuzz with speculation following a series of mysterious Bitcoin transactions totaling $1 billion. Over the past few days, large amounts of Bitcoin, transferred in batches of 2,000 BTC, have been sent from unknown wallets to new addresses, leaving investors and analysts wondering what this could mean for the future of digital currencies.

As Bitcoin matures into an institutional force, the next plank is nation-state adoption. A new book, National Security in The Digital Age, covers the ramifications.

As it looks to break out of its ongoing bearish trend, Ethereum is at a pivotal point on the market. Lately, ETH has surged past a number of notable resistance levels, indicating strength and positivity among traders.

A widely followed crypto analyst believes that Bitcoin (BTC) may go on a massive rally and hit six figures after the US presidential election. Pseudonymous crypto trader Kaleo tells his 649,500 followers on the social media platform X that Bitcoin may repeat an end-of-the-year pattern from 2023 and print fresh all-time highs (ATHs).

Bitcoin's expanding triangle signals volatility; breaking $63,800 could trigger a surge or sharp decline.

Bitcoin (BTC) navigates a challenging market, traders are closely observing recent developments that may indicate a shift in momentum. The cryptocurrency has shown a notable golden cross on its exponential moving averages (EMAs), which could lead to bullish action if certain resistance levels are breached.

The cryptocurrency market is experiencing increased fluctuations as Bitcoin inches closer to a psychological threshold of $70,000.

El Salvador, a nation that has embraced Bitcoin as a cornerstone of its economic strategy, has achieved a remarkable milestone: it is now ranked as the 8th safest country in the world. This transformation is largely attributed to the policies implemented by President Nayib Bukele, who has taken a firm stand against crime and violence in the country.

Bitcoin price is back above a key resistance level, but are there sufficient bullish catalysts to sustain the current rally?

Swan Bitcoin's mining arm is suing its former employees for allegedly stealing the “crown jewels” of its billion-dollar Bitcoin mining business to power a “copycat” firm.

SEC's Gensler suggests BNY Mellon's crypto custody model might expand to include a wider range of digital assets. The post Gensler suggests BNY Mellon's crypto custody model could expand beyond Bitcoin and Ether ETFs appeared first on Crypto Briefing.

Bitcoin (BTC) is currently testing a key resistance level at $65,000 that is “pivotal” to market sentiment, according to a recent report published by Kraken on Sept. 26. The report noted that Bitcoin has reclaimed all its major moving averages, which could lead to continued bullish momentum in the coming days.

Here's the top trending stories in crypto in the past 48 hours

For the past five days, the Bitcoin price has remained locked in a narrow range between $62,000 and $64,000, following a surge of bullish sentiment triggered by the US Federal Reserve's (Fed) decision to cut interest rates on September 18. This pivotal move by the Fed has sparked optimism among investors.

Bitcoin's strong rally puts it in a “good position” where the 200-MA and $65,000 level could potentially serve as a new level of support.

According to CryptoQuant founder Ki Young Ju, Chinese mining pools control 55% of the network hashrate, while US mining pools control 40%.