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news-imageOctober 24, 2024

Bitcoin Price Shows Bearish Engulfment After Breakout, Here's How Far The Price Could Crash

The Bitcoin price action is raising concerns after a failed attempt to push past critical resistance levels, with bearish signals now emerging. According to an analysis shared on TradingView by the analyst RLinda, Bitcoin could be on the way to reversing last week's gains and correcting heavily due to the formation of a bearish engulfing pattern.
Publisher: NewsBTC
Sentiment: Negative
BTC

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Positive
cover-imageBenzinga
October 24, 2024

Tesla's Bitcoin Pile Intact Despite Recent Wallet Moves — Elon Musk-Led Company HODLes King Crypto For 5th Straight Quarter

Electric vehicle juggernaut Tesla Inc. (NASDAQ:TSLA) revealed none of its Bitcoin (CRYPTO: BTC) holdings were sold in the third quarter, extending its HODLing period for the fifth successive quarter. What happened: Tesla's balance sheet denoted $184 million in digital assets, as per the company's earnings report released Wednesday after the market close.

Negative
cover-imageThe Currency Analytics
October 24, 2024

Bitcoin Whale Sells $9.68M in BTC Amid Market Drop

Bitcoin whale—an investor who has been active since the inception of Bitcoin—has sold a substantial amount of BTC. This sale comes amid ongoing market volatility, raising concerns among investors about the implications for Bitcoin's future.

Neutral
cover-imageBitcoin
October 23, 2024

Tesla Holds Bitcoin Steady After BTC Wallet Transfers Spark Speculation

Tesla has reported stable bitcoin holdings for Q3 2024, despite transferring its 11,509 BTC to new wallets. The move, which sparked speculation but did not signal a sale, suggests routine security measures. Tesla posted $25.2 billion in revenue and $2.7 billion in profits, driven by record vehicle deliveries and a 52% surge in energy storage.

Positive
cover-imageBenzinga
October 23, 2024

Donald Trump Victory Could Propel Bitcoin To $92,000, Predicts Bitwise's Head Of Strategy

Jeff Park, Head of Alpha Strategies at Bitwise, has projected that Bitcoin (CRYPTO: BTC) could skyrocket to $92,000 in the event of a Donald Trump election victory. What Happened: In a post on X on Tuesday, Park used a merger arbitrage-style probability model, tying Bitcoin's price fluctuations to Trump's election odds to calculate that if Trump wins, Bitcoin's price could hit approximately $92,000.

Negative
cover-imageBenzinga
October 23, 2024

Bitcoin, Ethereum, Dogecoin Correct: 'A Bounce From This Region Would Be Ideal,' Says Trader

Cryptocurrency markets are down on Wednesday, pushing crypto long liquidations to the highest since Oct. 15. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $66,169.96 -2% Ethereum (CRYPTO: ETH) $2,503.20 -4.8% Solana (CRYPTO: SOL) $170.11 +0.99% Dogecoin (CRYPTO: DOGE) $0.1364 -2.7% Shiba Inu (CRYPTO: SHIB) $0.00001738 -4.9% Notable Statistics: IntoTheBlock data shows large transaction volume inching higher by 0.7% and daily active addresses falling by 12.5%.

Neutral
cover-imageCoingape
October 23, 2024

Just In: Tesla Bitcoin Reserve Unchanged In Q3 2024

Tesla has confirmed that its Bitcoin holdings remain intact, despite recent wallet movements that sparked speculation within the cryptocurrency community. According to Arkham Intelligence, the company still holds 11,509 BTC, valued at $765.22 million as of October 23, 2024, after moving its assets to new wallets.

Neutral
cover-imageCrypto news
October 23, 2024

Saylor voices Bitcoin self-custody support amid backlash

Bitcoin maximalist Michael Saylor believes Bitcoin's ecosystem should welcome everyone and every type of custodial option available. Cryptocurrency community leaders and members criticized MicroStrategy executive chairman Michael Saylor for comments that seemingly criticized users who self-custody Bitcoin (BTC).

Positive
cover-imageNewsBTC
October 23, 2024

$13 Billion Bitcoin ETF Surge: US Institutions Lead The Charge

American institutions are making ripples in the cryptocurrency market, having invested a staggering $13 billion in spot Bitcoin ETF shares since its inception in January 2024. Many people are surprised by this move, given that traditional financial institutions were first hesitant to enter the world of digital assets.

Negative
cover-imageCNBC Television
October 23, 2024

Bitcoin dips to $65,000 level, continuing to shed last week's gains: CNBC Crypto World

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Chris Ahn, partner at Haun Ventures, discusses why Stripe is buying stablecoin platform Bridge for $1.1 billion.

Positive
cover-imageBenzinga
October 23, 2024

Bitcoin Could Hit $200,000 By 2025, Driven By Institutional Demand and ETFs: Bernstein

Bitcoin (CRYPTO: BTC) could soar to $200,000 by the end of 2025, driven by a combination of rising institutional demand and supply reduction following the latest halving. What Happened: In their October “Bitcoin Investing Guide,” Bernstein analysts highlighted Bitcoin's unique supply structure, particularly its capped total supply of 21 million coins and the halving events that reduce the rate at which new coins are created.

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