Recent on-chain data has shown that Bitcoin might be entering into two separate crucial phases in the current market cycle that could help to determine the next trajectory of the crypto asset's price over the coming weeks.
The cryptocurrency market is experiencing heightened pressure as bearish sentiments gain traction, particularly affecting assets like Shiba Inu (SHIB), XRP, and Bitcoin (BTC). Each of these cryptocurrencies is approaching critical support levels that could determine their short-term trajectories.
This week, Bitdeer (Nasdaq: BTDR), a publicly listed firm in bitcoin mining and rig production, unveiled its latest product: the Sealminer A2. Bitdeer claims this machine clocks in at an impressive 226 terahash per second (TH/s) with a sleek energy efficiency of 16.5 joules per terahash (J/T).
A recent report published by the Bitcoin Policy Institute (BPI) and highlighted by Forbes explores the growing discussion around Bitcoin as a viable reserve asset for central banks. Authored by Dr. Matthew Ferranti, a Harvard-trained economist and former member of the White House Council of Economic Advisers, presents several compelling arguments for why central banks might consider adding Bitcoin to their portfolios.
A Satoshi-era Bitcoin whale who has held their cryptocurrency since 2009 begun to sell their holdings, after it started mining the flagship cryptocurrency just five days after its first block was created.
Bitcoin [BTC] has once again breached the $69,000 mark, a significant milestone that places 94% of holders in profit. While this surge is a positive sign for investors, the sudden price increase also raises concerns about short-term market corrections as profit-taking behavior becomes more likely.
A new statue depicting Bitcoin's anonymous creator Satoshi Nakamoto has just been unveiled in Switzerland. Earlier this morning at the 3rd Annual Lugano Plan B forum in Switzerland, the Plan B Initiative, a collaboration between Tether and the city of Lugano, revealed a statue honoring the faceless BTC creator.
Input from the Satoshi Action Fund highlights the growing influence of advocacy groups in shaping state-level cryptocurrency legislation.
Bitcoin's price danced through a roller-coaster ride on Friday, hitting an intraday high of $68,700 before plunging to a 24 hour low of $65,853. Speculation Unsettles Bitcoin Market – Are We in for More? The dip came right after the Wall Street Journal published claims that Tether was allegedly facing a probe by U.S. authorities.
Microsoft's upcoming vote on whether or not to build a Bitcoin position is just another sign of corporations' and institutional investors' growing interest in BTC.
ETH/BTC ratio drops to 0.037, lowest since April 2021. Key support zones identified at 0.038 and 0.035 BTC levels.
Crypto markets erased $5B of their value within an hour on the news of a possible renewed Tether investigation on anti money-laundering practices. The market recovered soon after the initial shock.
Dogecoin insider Mishaboar has sent an open letter to the community with advise to shun stablecoins like USDT, USDC and even PYUSD. According to him, holding these assets are “inherently risky” and can harm holders.
Lyn Alden, a renowned investment strategist, argues that the U.S. has entered a period of “fiscal dominance,” where government deficits are driving monetary policy — a change that could be bullish for Bitcoin (CRYPTO: BTC). In an appearance on the ‘Less Noise More Signal' podcast, Alden outlined her views on the current economic environment, the role of Bitcoin, and the challenges facing traditional financial systems.
Tether CEO Paolo Ardoino has denied allegations that the company is facing an investigation by the U.S government. This comes in response to a Wall Street Journal report on an alleged probe by U.S. authorities into Tether's involvement in sanction violations and anti-money laundering (AML) breaches.
As Microsoft shareholders consider Bitcoin investment, Michael Saylor offered to help—after amassing $16 billion worth for MicroStrategy.
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.
Bitcoin's path to $70,000 hinges on lower interest rates, the US election outcome, boosted BTC miner profits, and strong spot ETF demand.
“Old noise” may be a new name for FUD, as Tether defends itself from a report in The Wall Street Journal about US government investigations.
In a recent report by the Wall Street Journal (WSJ), it was alleged that Tether is currently under federal investigation for potential violations related to sanctions and anti-money laundering (AML) regulations in the US. The inquiry, reportedly led by prosecutors from the Manhattan US Attorney's Office, is said to focus on whether Tether's stablecoin, USDT, has been used by third parties to finance illegal activities such as drug trafficking, terrorism, and hacking, or to launder the proceeds from these activities.
Crypto prices fluctuated heavily over the week as Bitcoin price swung to above $69K and back under $65K before regaining some ground to trade above $67K on Friday evening. Most altcoins swung sharply too, with meme coins seeing huge gains before paring them.
A complex interplay of internal and external dynamics is holding back altcoin season, tightly linked to Bitcoin's price movements.
XRP price has been subdued in recent weeks due to the SEC's appeal. But seeing that it has been here before, is there a way back up?
A closely followed crypto analyst says the crypto markets are about to go parabolic, predicting a massive six-figure price tag for Bitcoin (BTC).
A decline in the gold price rally could fuel Bitcoin (BTC) to new highs this year. Data from previous years shows that a pullback in inflows to the precious metal leads to the opposite in Bitcoin.
Cryptocurrency markets are trading lower despite whale transactions rising. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $66,789.25 -1.9% Ethereum (CRYPTO: ETH) $2,471.40 -2.5% Solana (CRYPTO: SOL) $167.86 -5.4% Dogecoin (CRYPTO: DOGE) $0.134 -5.6% Shiba Inu (CRYPTO: SHIB) $0.00001721 -3.8% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 12.5% and daily active addresses dropping by 6.3%.
Japanese financial leaders propose crypto ETFs focused on Bitcoin and Ether. The post Japan's financial group pushes for Bitcoin and Ether for crypto ETFs appeared first on Crypto Briefing.
MicroStrategy co-founder Michael Saylor has jumped in with an offer as tech stalwart Microsoft is set to vote on a major proposal to diversify the company's corporate treasury by adding Bitcoin (BTC).
U.S. federal authorities are currently examining stablecoin issuer Tether (CRYPTO: USDT) for potential infractions of U.S. sanctions and anti-money-laundering regulations, according to a report. What Happened: This inquiry, conducted by the Manhattan U.S. Attorney's Office, is investigating possible misuse of Tether's stablecoin in activities like drug trafficking, terrorism financing, and laundering proceeds from these illicit actions, The Wall Street Journal reported.
Spot Bitcoin ETF demand soars to a six-month high, but BTC futures contract volumes “remain somewhat subdued” and could be a reason why the price is constrained.
U.S. authorities are scrutinizing Tether for potential breaches of anti-money-laundering laws and sanctions, according to sources cited by The Wall Street Journal (WSJ) in a report written by Angus Berwick, Vivian Salama, and Ben Foldy and published earlier today.
Bitcoin's [BTC] mining difficulty has hit an all-time high, a key milestone that reflects the growing competition among miners and the overall security of the network. This development, driven by a surge in Bitcoin's hashrate, highlights the increasing commitment from miners as they race to secure rewards amid a bullish market.
Tether CEO Paolo Ardoino denied reports about the firm being under investigation in the US. Ardoino's clarification comes after a Wall Street Journal report claimed that federal prosecutors in Manhattan are allegedly investigating the stablecoin issuer.
Stablecoin issuer Tether has denied a report claiming that the company is being investigated by the U.S. government.
On October 24, BitcoinOS announced the launch of its Grail bridge on the Cardano network, enabling Bitcoin (BTC) liquidity to flow into the Cardano (ADA) ecosystem.
Cryptocurrency company Tether is currently under federal investigation for possible sanctions and anti-money laundering (AML) violations, according to the Wall Street Journal.
Recent movements in Bitcoin's price signal potential breakouts, driven by corporate confidence and positive economic trends.
Bitcoin currently ranges between $65,000 and $69,500 following two weeks of bullish price action, sparking renewed optimism among analysts and investors. The prevailing sentiment is that BTC is on the verge of reaching new all-time highs in the coming weeks, with confidence building that March's cycle top predictions may have been premature.
On-chain data shows that the Bitcoin Mining Difficulty has set a new all-time high (ATH) after the jump in the latest network adjustment. Bitcoin Mining Difficulty Has Seen An Increase Of Nearly 4% Recently According to data from CoinWarz, the BTC Difficulty has seen a positive adjustment recently.
Data from TradingView on October 25 indicated that the ETH/BTC ratio had fallen briefly below 0.037. The rate was the lowest the pair had reached since April 2021, marking a 30-month low.
Bitcoin's price stabilizes around $67,500—having recently dipped from a peak of $69,000—investors are on high alert. The cryptocurrency market is notoriously volatile, and understanding when to buy can significantly impact long-term investment success.
CNBC's Eamon Javers joins 'Power Lunch' to discuss reports that crytopcurrency Tether being. probed by DOJ over possible violations of sanctions and laundering rules.
Microsoft's management may choose to invest in Bitcoin ETFs over holding their own coins.
Ethereum (ETH) creator Vitalik Buterin is not seeing eye to eye with Microstrategy executive chairman Michael Saylor when it comes to the custody of Bitcoin (BTC).
Cardano network is the first Layer-1 to leverage the work of BOS that brings scalability and programmability to Bitcoin.
Tether CEO Paolo Ardoino denied reports of lawmakers investigating the major cryptocurrency company over potential violations of anti-money-laundering and sanctions laws.
The Wall Street Journal claimed that Tether is being investigated for failing to comply with AML laws, but the CEO says otherwise.