A CryptoQuant analyst has revealed a major support in Bitcoin's MVRV ratio, and if it gets broken there could be consequences for BTC.
A cryptocurrency trader and analyst says one red-hot Solana (SOL)-based memecoin may have even more upside potential. The analyst pseudonymously known as Altcoin Sherpa tells his 11,300 YouTube subscribers that Popcat (POPCAT) could soon flip $1 into a support level. “One coin that I think still looks pretty good is Popcat.
Unspent transaction outputs create a long history that is tracked by onchain analysts, blockchain heuristic companies, and law enforcement.
BTC price gains allow Bitcoin bulls zero in on $300 million in ask liquidity located above $62,000.
On Friday, the global crypto market saw a boost in value, with bitcoin (BTC) climbing 2.29%, approaching the $62,000 mark at 9:30 a.m. EDT. Ethereum (ETH) joined the upward trend, gaining a more modest 1.6%, pushing toward the $2,400 level. Bitcoin and Ethereum Climb Following U.S. Jobs Report This rebound came on Oct.
TeraWulf Inc. (NASDAQ:WULF) shares are trading lower Friday after the company released its September Bitcoin (CRYPTO: BTC) mining update. Here's a look at the details from the report.
Iris Energy Limited (NASDAQ:IREN) shares are trading higher Friday after the company released its September investor update. Here's a look at the details from the report.
Successful Bitcoin (CRYPTO: BTC) trading is not about being bullish or bearish, but rather about understanding the probabilities of market movements, according to a prominent crypto trader. What Happened: Pseudonymous trader CJ outlined in a detailed social media post that he anticipates Q4 to be largely bullish, despite the current downward trend.
Bitcoin has recorded the largest outflow from exchanges in more than 23 months, according to on-chain data from Cryptoquant. The data shows this is the largest outflow of Bitcoin from exchanges since November 2022, with all moving averages indicating withdrawals.
The last 12 hours have been absolutely wild in the crypto space, as major U.S. television network HBO announced the imminent launch of a new series, "Money Electric: The Bitcoin Story." However, the cause of the hype was not the program itself, but the claim that the real identity of Satoshi Nakamoto - the pseudonymous figure who created Bitcoin and developed its white paper back in 2008 - will finally be revealed.
Bitcoin, the leading cryptocurrency, has seen a steep decline of over $5,000 from its recent peak of $66,000. As the market navigates this tumultuous period, analysts are closely watching key support levels that could dictate Bitcoin's next major move.
The latest figures reveal that 12 U.S. spot bitcoin exchange-traded funds (ETFs) faced $54.13 million in net outflows on Thursday. Similarly, nine spot ether ETFs weren't spared, as they saw $3.2 million pulled from their funds. Crypto ETFs Face More Losses On Oct.
TL;DR $1.4 billion in Bitcoin and Ethereum options are expiring today, potentially causing significant short-term volatility in the cryptocurrency market. Bitcoin's maximum pain point is $63,000, suggesting potential upward pressure as traders aim to push the price closer to this level.
Bitcoin and other altcoins held steady after the Bureau of Labor Statistics published encouraging September nonfarm payrolls data. US nonfarm payrolls rebound Bitcoin (BTC) rose slightly to $62,500 while Solana (SOL) jumped by 3% to $140.
Bitcoin is selling off when writing and approaching the psychological support at $60,000. From what's printing out, clear in the daily chart, it represents a weak start for Q4 2024–a historically bullish quarter.
Institutional inflows, while stabilizing, haven't overcome whale sell-offs and massive token unlocks driving down Bitcoin prices.
Coinbase Premium, i.e., the difference between the price of Bitcoin (BTC) in the BTC/USD pair on Coinbase and the BTC/USDT pair on Binance, demonstrates a "golden cross" pattern.
Pseudonymous technical analyst DonAlt highlighted the tension between bullish high timeframe charts and bearish low timeframe action for Bitcoin (CRYPTO: BTC) as the apex crypto rebounded back above $61,500. What Happened: In the latest podcast update, the analyst noted Bitcoin's return to support on the monthly chart, which is "not the best" but not overly concerning too.
The longet.r-term weekly charts for the Bitcoin market continue to look very sideways and choppy, perhaps a little soft, as we are seeing the market struggle to make newer highs. This is a market that will continue to be a noisy one, and therefore you have to be careful about
Despite claiming that the upcoming documentary will name Sassaman as the Bitcoin developer, bettors on Polymarket are not ruling out other possibilities.
In the wake of escalating geopolitical tensions between Iran and Israel, two major alternatives to the U.S. dollar — gold and Bitcoin — have seen varied responses. While gold has stayed flat, Bitcoin has dropped by 3% since oil prices spiked.
Bitcoin (BTC) and gold have been expected to experience massive upsides through most of 2024 due to numerous financial, technical, and political reasons.
TeraWulf has completed the sale of a 25% stake in its Nautilus Cryptomine joint venture for approximately $92 million.
Popular crypto analyst Ali Martinez reported that there's been a notable increase in Bitcoin's Taker Buy/Sell Ratio on the OKX exchange suggesting aggressive buying.
The Bitcoin (BTC) community has said a big "no" to bears as they are striving for a big rally. While the leading cryptocurrency on the market is still under immense pressure from geopolitical tensions, it has managed to initiate a slight recovery from recent losses.
While doubtlessly forward-thinking, El Salvador's Bitcoin experiment has not gone over well with international financial and regulatory bodies — the International Monetary Fund (IMF) has been a key critic since the beginning. The international body made renewed calls for reforms during program talks on October 3.
The chop continues in the Bitcoin market, as we are trying to sort out which direction we are likely to go over the next few weeks. At this point, the market continues to see a lot of back and forth, as the ETF has killed volatility.
The International Monetary Fund stated that El Salvador needs to limit the scope of its Bitcoin Law in order to get funding.
The latest US Job data showed that the nonfarm payroll data figures came in at 254,000 in September, more than the market expectations. The unemployment rate also comes below the market estimates, dampening the market sentiment, and indicating a further decline in Bitcoin and altcoins prices.
Crypto analyst Ali Martinez has suggested that the Bitcoin crash might not be over despite the relief rally to $61,000. The analyst highlighted the $60,365 price level as being important to avoid a potential crash to as low as $57,000.
Cryptocurrency Market Update: The cryptocurrency industry saw a subtle intraday growth, increasing by 0.93% to a total market cap of $2.13 trillion. However, Bitcoin's (BTC) price slipped by 0.50%, settling at a price tag of $61,311.86. While ETH, SOL, and XRP showed slow movement, meme coins portrayed positive numbers.
Could the tiny altcoin outperform the world's top cryptocurrency in the future?
Bitcoin price surged over $61,000, after major outflows from U.S. spot Bitcoin ETFs. While, the start of October has been tough for the crypto market, causing Bitcoin to fall 7% from its earlier high of $66,000. Matthew Dixon, CEO of Evai, warns that Bitcoin might drop once more before a significant recovery.
The world's largest asset manager, BlackRock, has changed its official perspective on Bitcoin, now referring to it as a global monetary alternative. This is according to Jay Jacobs, the U.S. Head of Thematic and Active ETFs at BlackRock, during a recent digital assets conference.
The cryptocurrency market has found itself in choppy waters, witnessing a staggering $272 million in liquidations over just 24 hours. This upheaval coincided with Bitcoin's sharp decline to $60,000, marking a period of significant volatility that has left traders and investors on edge.
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 4, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin is experiencing increased volatility after a recent dip to $60,000, a critical level it currently holds above. Following the Federal Reserve's interest rate cut announcement, Bitcoin's price surged aggressively but is now retesting key demand levels, likely determining its next target.
The Tron network (TRX) has just made a significant impact in the crypto ecosystem. In the third quarter of 2024, the blockchain founded by Justin Sun generated record revenues, even surpassing the giants Bitcoin and Ether.
Veteran trader Peter Brandt is issuing a warning about Bitcoin (BTC) amid the flagship crypto's decline to the $60,000 level. Brandt tells his 741,200 followers on the social media platform X that Bitcoin still needs to hit higher price targets on the weekly timeframe to confirm that its bullish trend is intact.
The price of Bitcoin (BTC) has fallen after failing to break through the $65,000 mark. Buyers were hoping to push Bitcoin to the psychological price of $70,000 if the $65,000 mark was breached.
Jay Jacobs, BlackRock's US Head of Thematics and Active ETFs, has shared a bold prediction: Bitcoin's market value could reach a staggering $5.4 trillion in the coming years. Speaking at the Digital Assets Conference in Brazil, Jacobs emphasized that increasing demand for portfolio diversification is one of the key reasons driving investors towards Bitcoin.
According to BCA Research, generating large bullish "credit impulses" is now a tough task for China.
El Salvador has doubled down on its Bitcoin moves despite ongoing pressure from the International Monetary Fund (IMF) regarding the country's use of the digital asset. On Oct.
The expiration of $1 billion in Bitcoin options could increase market volatility and create buying opportunities.
Bitcoin (BTC) is off to a shaky start in October, a month known for its historically strong performance. On Thursday, BTC briefly dipped below $60,000 before recovering slightly, leading to the liquidation of over $144 million in bullish bets.
Terawulf sold its 25% stake in Nautilus Bitcoin mine to Talen Energy. The firm plans to enhance the efficiency of its mining fleet to achieve 18.2 J/TH.
Whales accumulate Bitcoin despite recent market dip and macroeconomic pressures. Dormant Bitcoin addresses reactivated, signalling renewed market participation.