Options on the IBIT spot bitcoin ETF changes how institutional investors might interact with the underlying asset, analysts say.

The Wall Street titan, the world's largest asset manager, now hold approximately 1.70% of the total available Bitcoin.

U.S. spot Bitcoin exchange-traded funds (ETFs) experienced substantial net inflows on Thursday, totaling $365.57 million, marking the largest daily inflow since late July.

Swan Bitcoin, a financial services firm focused on Bitcoin, has initiated legal action against several former employees from its mining division.

“The new inflow of cash could indirectly push up the price of bitcoin, particularly in the long term perspective,” one analyst said.

MicroStrategy was shot into the limelight when it began publicly buying Bitcoin back in 2020. While it is not the only publicly listed company to do this, the company's aggressive Bitcoin strategy set it apart from the rest.

Bitcoin gained by 3%, trading at $65.3K. BTC has entered into the greed zone in the market.

Cryptocurrency Market Overview: The overall market capitalization of cryptocurrencies worldwide has increased by 1.75% in the last day to reach $2.3 trillion, indicating that the market is still on the rise. The 24-hour volume increased 31.14% due to increased trading activity, reaching $89.75 billion.

Raoul Pal, former Goldman Sachs executive and prominent crypto enthusiast, shared insights into his current crypto investment strategy, which led to a rather interesting back-and-forth with Michael Saylor, CEO of MicroStrategy and a big supporter of Bitcoin.

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 27, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

What is driving the recent surge in Bitcoin ETFs and Bitcoin's price?

Gary Gensler refuses to comment on Trump's Bitcoin reserve. What is this silence hiding?

Last Wednesday, a massive new acquisition by BlackRock shook the bitcoin market, with an impressive purchase of 2,913 BTC, representing $184.3 million. This move comes in the context of a rebound in inflows to exchange-traded funds (ETFs) in the United States, an undeniable sign of growing interest in bitcoin.

In a recent interview with CNBC, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler reiterated the critical need for trust in the cryptocurrency industry, drawing parallels between crypto and historical innovations like the automobile.

Bitcoin (BTC) is currently navigating a critical support level at $64,000, a threshold that could shape its price trajectory in the weeks ahead. After briefly touching a peak of approximately $64,755, the price has dipped below this crucial mark, signaling a moment of potential volatility.

"The likelihood of a Q4 rally is exceptionally high, with gains likely front-loaded," 10x Research said in an analyst note.

BNY Mellon, one of the oldest banks in the US, received a non-objection from the Securities and Exchange Commission (SEC) for expanding its crypto custody services beyond its initial Bitcoin and Ethereum exchange-traded fund (ETF) plan.

On-chain data shows the US-based platforms have recently been expanding their Bitcoin holdings. Here's what this could mean for BTC's price.

U.S. spot Bitcoin ETFs extend their positive streak to a sixth day, attracting $365.57 million from investors.

Bitcoin jumped on Thursday, but if recent history is anything to go by, this surge will not last. The apex crypto hit its all-time high of over $73,000 six months ago.

In a crucial move to enhance its decentralization efforts, liquidity protocol THORChain (RUNE) has revealed plans to bridge decentralized finance (DeFi) to the top cryptocurrency by market cap, Bitcoin. The development comes as THORChain cements its presence in the digital assets space. RUNE's total value locked (TVL) has grown steadily from $225.

In a recent interview with Jeremy Szafron of Kitco News, financial analyst Clem Chambers discussed the surging prices of Bitcoin and gold, offering his unique insights into the reasons behind these movements and what they signal for the future.

BTC's move past $65,000 comes just ahead of the expiry of over $5.8 billion in options contracts, which analysts believe could increase volatility in the crypto markets. The jump seems to be driven primarily by monetary stimulus in the US and China, which led to crypto markets registering a substantial jump.

The month of September has never been a favorable month for Bitcoin in terms of returns. Since 2017, only once has the Bitcoin market provided a positive return; it was in last year when the market delivered a minimal return of +3.99%.

More institutional investors have shown higher confidence in Bitcoin and its long-term success amid rising global geopolitical tensions and constant fiat devaluations.

Bitcoin surpasses $65,000. While technical indicators signal a bullish trend, potential short-term pullbacks may occur.

BlackRock's latest report shows that bitcoin has a very low correlation to U.S. equities on a trailing 6-month basis.

Thursday's bullish trading range marks an end of the recent consolidation and a resumption of the rebound from lows under $53,000.

UnTrade, the rapidly growing algorithmic crypto trading platform, is excited to join the Finbridge Trading & Investing Expo in Ahmedabad, India. The event took place on September 28-29, 2024, at the EKA Club in Kankaria.

In theory, the rise could also continue, but it could also be the result of an excess of anticipation compared to the medium/long-term trend.

Adaptability is key to the survival of any company. Neil Bergquist, CEO of Seattle-based crypto financial services provider Coinme, knows this principle well.

Spot Bitcoin ETFs experienced significant inflows totaling $365.7 million on September 26, 2024, while Ethereum ETFs faced minor outflows, reflecting the dynamic nature of cryptocurrency investments.

Thursday saw the BTC/USD pair make a higher high, breaking through the $65,000 resistance. Friday is so far showing a daily confirmation above the resistance, which, should this be successful, will provide the platform for the next leg up towards the major $70,000 resistance.

Spot Bitcoin exchange-traded funds (ETFs) in the United States recorded a significant daily net inflow of $365.57 million on Thursday, marking the largest influx since late July.

Is Bitcoin at risk of another wave of sell pressure or will the bulls keep forging on?

Popular meme coins PEPE, SHIB, FLOKI and BRETT were seen enjoying their time in the green as Bitcoin surged past the psychological threshold of $65,000, sparking hopes of an impending bull run.

These factors indicate an imminent breakthrough for Bitcoin towards a new historical peak of $80,000 in a few days!

The meme coins have charted the most impressive gains over the past 24 hours.

The only asset that can soar higher than Nvidia? Some billionaires think it could be Bitcoin.

Amid Wall Street investors' mainstream adoption of Bitcoin (BTC), MicroStrategy Inc. (NASDAQ: MSTR) has emerged as a leader among its peers. The firm, which provides enterprise analytics and mobility software, has sold its shares to institutional investors in the past to purchase more Bitcoins. For instance, the firm recently completed $1.

Bitcoin price has built strong momentum this week, and a floundering US economy favours the crypto to rise to its digital gold moment.

Bitcoin price has built strong momentum this week, and a floundering US economy favours the crypto to rise to its digital gold moment.

Staking protocol Bedrock confirmed their platform was infiltrated by a bug involving uniBTC, which allowed users to exchange a uniBTC with an ETH token. Bedrock announced through an X post on Sept.

Bitcoin's surge past $65,000 has ignited FOMO in the altcoin market, according to a crypto analyst.

In contrast, the ETH ETFs were slightly in the red yesterday.

The Bitcoin (BTC) price has been showing major strength ahead of the Friday options expiry surging past $65,000 levels for the first time since August 1. A total of $5.8 billion BTC options are set to expire today along with the PCE inflation data release for the month of August.

Bitcoin (BTC) breached the $65,000 barrier, instilling confidence in investors that a rally may be imminent. This move has sparked optimism that BTC could soon push beyond $70,000, a price last seen nearly three months ago.