October has been a bullish month for Bitcoin, with its price jumping 13% from $58K to reach $73K. But today, Bitcoin took a sudden 4% dive, now sitting around $69,000. This drop comes just as election odds for crypto supporter Donald Trump slip against Vice President Kamala Harris on the Polymarket.
The total crypto market cap is down by about $100 billion.
Friday means that crypto options expiry day has come around again and things are finally heating up in crypto markets with volatility abound.
Bitcoin (BTC) exchange reserves have plummeted to record lows, reflecting a growing trend of accumulation among investors. This decrease coincides with a substantial uptick in buying pressure over recent weeks, leading to speculation about a potential supply squeeze that could further amplify Bitcoin's price movements.
A press conference held today, October 31, at London's Frontline Club purported to unveil the true identity of Satoshi Nakamoto, the creator of Bitcoin. Stephen Mollah, a British businessman currently embroiled in a legal dispute over the same claim, stepped forward as the man behind the pseudonym.
Amidst revenue growth, company faced hashrate expansion challenges in U.S facilities.
Around 500 BTC has been moved from a Mt. Gox-associated address but it is unclear if this is related to repayments.
Will the lucrative BTC basis trade drive more institutional interest into the market?
XRP price is holding the $0.5020 support zone. The price is beating Bitcoin and might aim for a move above the $0.5250 resistance.
In just 10 months, spot Bitcoin ETFs have amassed over 50% of the assets held by gold ETFs, which have been around for two decades.
The strong inflows into BlackRock's Bitcoin ETF highlight growing investor confidence in crypto ETFs, potentially stabilizing the market. The post BlackRock Bitcoin ETF logs $318 million net inflows despite BTC price dip appeared first on Crypto Briefing.
The once-notorious crypto exchange Mt. Gox transferred 500 Bitcoin (BTC) (worth about $35.04m) to two unmarked addresses.
CleanSpark CEO Zach Bradford said it was a strategic move for the firm to increase its mining capacity in Tennessee.
The cryptocurrency market is experiencing a dynamic shift, with Shiba Inu (SHIB) showing signs of a possible reversal, Solana (SOL) facing a concerning pattern in its momentum, and Bitcoin (BTC) pushing toward an ambitious target of $84,000. As traders navigate this volatile landscape, it's essential to understand the indicators that could influence price movements in the coming days.
According to JPMorgan analysts, a win for the Republican US presidential candidate Donald Trump could further fuel Bitcoin (BTC) price momentum. Retail Investors Turn To Bitcoin For ‘Debasement Trade' In a recent client note, analysts at JPMorgan suggested that a Trump win might provide ‘additional upside' for both BTC and gold, as retail investors increasingly view Bitcoin as a ‘debasement trade.
MicroStrategy has shocked the crypto community with its latest plans to increase its Bitcoin stash by 4X with an impressive $42 billion capital plan. Known for its unwavering Bitcoin accumulation strategy, MicroStrategy has consistently purchased BTC, solidifying its position as the world's largest corporate holder of the cryptocurrency.
The race among Bitcoin exchange-traded funds (ETFs) continues to heat up as the BlackRock Bitcoin ETF (IBIT) posts an impressive $3.3 billion trading volume, marking its highest level in six months. Institutional demand appears to be driving this surge, with BlackRock's IBIT leading a wave of FOMO-driven inflows, indicating that major investors are moving to capitalize on Bitcoin's current momentum.
The Bitcoin data center firm is deploying an additional 10,000 miners to Stronghold's Scrubgrass site.
Peter Schiff warns that Microstrategy's $42 billion plan to boost bitcoin holdings, funded by debt and equity, risks a dangerous liquidity trap. He called Michael Saylor “the Egg Man.
With Election Day only days away, Donald Trump intensifies his campaign to woo crypto advocates, announcing a sweeping Bitcoin agenda that promises to keep BTC mining stateside and challenges claims from Kamala Harris. Voters in critical states prepare to weigh in.
An OG Bitcoin advocate made a bold forecast that demand for Bitcoin will increase rapidly in the near future, bolstering the estimates of some crypto experts that BTC is on a trajectory to hit the six-figure level. OG, short for “original gangster” or “original gangsta,” is a slang expression for someone who is exceptional, unique, or “old-school.
Bitcoin is on the verge of breaking its all-time high, and investors feel the euphoria as BTC approaches a pivotal point. Market anticipation is building, with many expecting a strong surge once BTC enters price discovery and moves into uncharted territory.
Bitcoin approaches a significant milestone, cryptocurrency enthusiasts are buzzing with excitement. The price of Bitcoin has soared from approximately $65,000 to over $73,000 in just a week, putting it a mere 2% away from breaking its all-time high (ATH) of $73,750, set on March 14, 2024.
The price of the flagship cryptocurrency Bitcoin ($BTC) topped the $73,000 mark over this week and nearly hit its previous all-time high before enduring a significant correction, seemingly as institutional demand for BTC in custodial wallets has kept on rising.
Consolidation of the past six months gave the metrics, price action a chance to recuperate on the higher timeframes.
prominent financial expert Lyn Alden, founder of Lyn Alden Investment Strategy, has expressed a highly optimistic outlook for Bitcoin. According to her, several economic indicators suggest that Bitcoin could emerge as one of the most bullish assets in the coming year.
Bitcoin (BTC) is back in the headlines with a striking price surge above $73,000, ignite renewed optimism for a potential rally to $84,000. This recent price movement comes as BTC shakes off losses from the August 5 market drop, which briefly pushed the leading cryptocurrency below $50,000.
Solana is on a strong upward trajectory, and if the current pace continues, it could see its price approach $200 by mid-November. Strong market sentiment is reflected in the price action for SOL as growing investor interest pushes it closer to this expected level.
Microstrategy announced a $42 billion plan to accelerate bitcoin purchases, aiming to strengthen its reserves and position itself as a leader in digital asset investment. Aiming High: Microstrategy's $42 Billion Vision for Unmatched Bitcoin Reserves Software intelligence firm Microstrategy Inc.
Gold and silver are halfway into a “decade-long bull market,” and Bitcoin is one narrative catalyst away from rallying to $100,000, according to 1971 Capital CIO Brian Russ.
The assets dropped with U.S. equities on Thursday.
As the Nigerian Naira records its worst performance against the US dollar in weeks, bitcoin continues to rally toward ATH levels in Nigeria.
CleanSpark, Inc. has completed its acquisition of GRIID Infrastructure Inc., boosting its Bitcoin mining capacity and expanding its operations in Tennessee.
The crypto community remains skeptical after a British businessman accused of fraud held a press conference today declaring that he is the pseudonymous creator of Bitcoin (BTC), Satoshi Nakamoto. The event was announced in a press release yesterday.
Will BTC hit a new ATH against USD like it did against the Euro?
Analysts at the top bank think traders are feeling uncertain about the market—and this could further benefit Bitcoin.
Investment asset management firm BlackRock has its Bitcoin ETF sidelining all of its rivals. With an inflow of $2.2 billion this past week, the ETF has successfully outranked 13,227 counterparts all over the world.
A Bitcoin wallet that has been inactive for an incredible 12 years has suddenly come to life, moving a significant amount of Bitcoin just as the market experiences a surge. This unexpected transaction, which amounts to millions of dollars, has piqued the interest of investors and analysts alike, raising questions about its implications for the future of Bitcoin and the broader cryptocurrency market.
MicroStrategy, renowned as the largest corporate holder of Bitcoin, has unveiled an ambitious initiative aimed at amassing $42 billion over the next three years to bolster its Bitcoin reserves.
BOB, short for “Build on Bitcoin,” is now part of the Superchain ecosystem, a network expanding with Optimism's OP Stack. As a hybrid layer-two (L2) solution, BOB taps into the strengths of both Bitcoin and Ethereum, merging Bitcoin's security with Ethereum's adaptable framework.
This week has witnessed remarkable growth in the global cryptocurrency market, spearheaded by Bitcoin. Today, the total market capitalization of the cryptocurrency market stands at $2.44 trillion, an increase of 1.61% from the previous day.
Former President Donald Trump marked the 16th anniversary of Bitcoin's (BTC) whitepaper with a pledge to end the “war on crypto,” presenting a stark alternative to current policy as he seeks support from crypto advocates ahead of the Nov. 5 election.
With Bitcoin approaching the $100,000 milestone, correlated altcoins are showing strong growth potential. Discover how these cryptocurrencies, driven by bullish momentum and innovative features, offer promising opportunities for investors in the evolving crypto market.
Donald Trump jumped into Bitcoin whitepaper's 16th anniversary with a direct message to Bitcoin supporters on X. He wrote: “I would like to wish our great Bitcoiners a Happy 16th Anniversary of Satoshi's White Paper.
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, Crypto World's MacKenzie Sigalos reports from Money 20/20 on the growing adoption of stablecoins, and Coinbase's Faryar Shirzad explains why the company is committing money to the 2026 midterms.
One analyst raised his price target from $245 to $300 per share on news of MicroStrategy's bold Bitcoin buying plans.