The recent CPI data did not impact Bitcoin on a larger side, as the price levels remained stuck within the same range. Some buyers jumped in to prevent excessive price drain but failed to close the day's trade on a bullish note.

Today, the global cryptocurrency market is rather stable, with a 0.03% growth, bringing the overall market capitalization to $2.12 trillion. The 24-hour trading volume increased by 4.72%, to $69.14 billion. Despite the overall stability, the Fear & Greed Index is at 37, indicating that investors remain fearful. The U.S.

In a development that could offer relief for Bitcoin (BTC) and the broader crypto ecosystem, Mt. Gox, the defunct cryptocurrency exchange that was hacked in 2014, has announced a significant delay in its repayment plan for affected creditors.

The U.S. Supreme Court has decided not to hear a pivotal case concerning the ownership of approximately 69,370 Bitcoins, valued at around $4.38 billion. These assets were seized from the notorious Silk Road dark web marketplace, and the Court's dismissal of the case has implications that could ripple through the crypto market.

Bitcoin is trading at $60,580, down less than 0.05% for the day, as it faces resistance near the $60,700 level. Despite recent attempts to break higher, Bitcoin has struggled to gain momentum above $61,000.

Bitcoin recently fell to a three-week low, dipping to $58,900, especially after an encouraging U.S. CPI report raised hopes of potential interest rate cuts. However, traders see this dip as a potential buying opportunity.

Following Bitcoin's price swings witnessed in the past weeks, a crypto expert has predicted a potential resurgence of bullish momentum in the short term. However, the crypto asset must recover a certain level in order to unlock the next significant price surge.

Dan Tapiero, founder of 10T Holdings, predicts that Bitcoin will reach $100,000 regardless of the outcome of the US presidential election.

The fear of further crypto capitulation in the short term is palpable after Bitcoin (BTC) price teased below $59k in the past 24 hours. Despite today's Bitcoin price rebound above $60k, the flagship coin has consistently closed below the 50 and 200-day Moving Averages (MA) uncovering a significant bearish sentiment.

With a momentary drop under $59k, Bitcoin formed a 24-hour low at $58,867. However, the quick reversal drove the BTC price back above $60k, resulting in a lower price rejection. Currently, the BTC price shows a symmetrical triangle in the 12-hour chart, holding the fate of the crypto market.

The fear of further crypto capitulation in the short term is palpable after Bitcoin (BTC) price teased below $59k in the past 24 hours. Despite today's Bitcoin price rebound above $60k, the flagship coin has consistently closed below the 50 and 200-day Moving Averages (MA) uncovering a significant bearish sentiment.

The BTC price has come under strong selling pressure once again diving to the support of $58,900 levels on news of hotter-than-expected US CPI inflation data. Although Bitcoin has bounced back to $60,600 levels at press time, legendary trader Peter Brandt predicts the possibility of a 75% correction from here.

Metaplanet's latest purchase brings the company's total Bitcoin holdings to 748.502 BTC, reinforcing its long-term bet on the leading crypto.

Bitcoin (BTC) whales have markedly increased their activity, accumulating a substantial amount of BTC amid ongoing price uncertainties in the market. Over the past two days alone, these large holders have gathered a total of 1,000 BTC, signaling potential shifts in market dynamics as previously dormant coins re-emerge.

Trump's odds of winning the U.S. presidential election have surged to a more than two-month high. Plus, the market is stagnant despite hopes of another round of stimulus in China.

Cryptocurrency Prices Today, October 11: The broader market on Friday witnessed mixed price actions, sparking investor speculations globally. Bitcoin (BTC) price continued trading along the $60K level, whereas Ethereum (ETH), Solana (SOL), and XRP prices traded in the green territory.

Bitcoin drops as US economic data surprises. Rising inflation, higher jobless claims, and ETF outflows impact BTC, with more volatility expected.

Bitcoin price extended losses and traded below the $60,000 zone. BTC is now attempting a recovery wave and facing hurdles near $60,800.

‘Uptober' remained elusive as leading cryptocurrencies stagnated after hotter-than-expected inflation data poured cold water on expectations of further interest rate cuts by the Federal Reserve. Cryptocurrency Gains +/- Price (Recorded at 9:15 p.m.

After briefly rising above $63,000 in recent days, renewing investor's hope on “uptober,” Bitcoin has once again dampened this excitement by decreasing to as low as the $60,000 region today. This unappealing performance has led to a CryptoQuant analyst, Aytekin, raising and sharing insight on an important question: “Is it reasonable to expect a final shakeout before the next big move?

On Thursday, the SEC charged Cumberland DRW with various securities allegations, though bellwether Bitcoin has so far shrugged it off.

The price of bitcoin dipped to $58,867 on Thursday, around 2 p.m. Eastern Time, but by 8:50 p.m. it had climbed back above $60,000. The initial drop reflected heavy selling pressure, but the later rebound—though slow—suggests a potential recovery might be on the horizon.

Bitcoin nears critical support level, signaling potential rally amid positive social sentiment.

According to a crypto analyst, Bitcoin (BTC) may be heading towards a capitulation due to tightening on-chain liquidity. However, this capitulation could be followed by a “full bull” market.

Over the past three days large Bitcoin holders, colloquially referred to as whales, have “sold or redistributed” around 30,000 BTC, the equivalent to more than $1.8 billion worth of the flagship cryptocurrency.

Bitcoin faces rejection at key resistance, with $66,000 as the breakout point.

The cryptocurrency landscape is undergoing significant shifts as stablecoin liquidity hits record highs, suggesting a potentially favorable environment for Bitcoin (BTC) in the weeks to come. With Bitcoin trading around $62,133 and the month of October historically known for its positive price movements, many analysts are optimistic about a possible rally fueled by the increasing supply of stablecoins.

Significant activity has been displayed by Shiba Inu, as evidenced by a spike in large transaction volume of 4.1 trillion SHIB over the last day, almost reaching its seven-day high. Large transaction volumes often signal increased interest from larger holders, or whales, which may have a significant impact on how prices behave in the future.

During the US session, Bitcoin (BTC) could not stop its losing streak, dropping sharply below $59,000, hitting an intra-day low of $58,930. This decline is largely attributed to the higher-than-expected US CPI numbers for September, which showed inflation rising 2.4%, surpassing the market's forecast of 2.3%.

Crypto analyst TradingShot recently revealed that the Bitcoin price is forming a similar fractal pattern to the one that happened in October 2023. This is bullish for the flagship crypto, considering what happened last year when the fractal pattern formed.

The price of the Bitcoin could soon go “full bull” in a renewed rise that could see the cryptocurrency surpass the $80,000 mark, but before that occurs capitulation could be coming in a move that would take BTC below the $50,000 mark.

South Korea's Financial Services Commission (FSC) announced the creation of a Virtual Asset Committee to address the approval of spot crypto exchange-traded funds (ETFs) in the country on Oct. 10, according to local media reports. The committee will act as an advisory body designed to provide comprehensive oversight and guidance for the crypto industry.

Bitcoin dipped below the $60,000 mark Thursday after three weeks above that line. What's to blame for the latest cooldown?

The cryptocurrency market faced fresh challenges on Thursday, with an unexpected rise in inflation and another regulatory move by U.S. authorities targeting a major crypto firm.

Cryptocurrency analyst Bob Loukas predicts Bitcoin could reach $150,000 despite ongoing price dips and market concerns. The timing, however, raises eyebrows as the market battles downturn fears and prepares for a possible crypto meltdown.

Crypto experts warn that Bitcoin holders are waiting for a breakout beyond the $60,000 range to trigger market activity. According to analysts, the cryptocurrency is currently in a liquidity slump, with traders sitting on the sidelines until a clearer market direction emerges.

Bitcoin derivatives metrics shifted as BTC price fell under $59,000 today. Are lower prices incoming?

Bitcoin is showing signs of renewed potential, with analysts pointing to the Rainbow Chart as a beacon for long-term investors. This colorful graphical representation of Bitcoin's price trends has interest among both seasoned traders and newcomers alike, indicating that the cryptocurrency could be on the verge of a significant rally.

Crypto adoption is gaining speed no matter who wins the US presidential race in November, the venture fund founder said.

Cryptocurrency markets are trading lower as Bitcoin ETFs clocked a second consecutive day of outflows on Wednesday while Spot Ethereum flows remaining muted. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $59,579.75 -2.4% Ethereum (CRYPTO: ETH) $2,360.93 -2.3% Solana (CRYPTO: SOL) $137.54 -2.1% Dogecoin (CRYPTO: DOGE) $0.1044 -3.9% Shiba Inu (CRYPTO: SHIB) $0.00001643 -3.4% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 25.7% and daily active addresses falling by 18.8%.

Uptober roadblock? This crypto exec doubts an explosive BTC rally based on Fed rate cuts alone.

Despite recent fluctuations in the general crypto market, Bitcoin, the flagship digital asset is showing signs of an impending major rally, possibly to a new peak, which indicates a potential positive shift in price movement to the upside.

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, Cullen Hoback, the director of 'Money Electric: The Bitcoin Mystery' discusses the debate around his film after it claims that Canadian developer Peter Todd is Bitcoin's anonymous creator, Satoshi Nakamoto.

Here's why BTC can still rally in the following weeks.

The recent 50 basis-point interest rate cut by the US Federal Reserve has had a mixed impact on crypto markets.

Bitcoin (BTC) experienced continued volatility on Wednesday, hovering around $60,000 for much of the day. At press time, the cryptocurrency was trading at $59,404, reflecting a 2.46% decline over the past 24 hours, which brought its market capitalization to $1.2 trillion.

Bitcoin's price plummeted toward $59K today, wiping off hundreds of millions from the derivatives market.