TL;DR Bitcoin (BTC) surpasses $71,000, sparking excitement about a potential new all-time high amid favorable market conditions and growing institutional interest. October has been strong for Bitcoin, with notable price rises and short-sellers facing liquidation losses, adding momentum to the rally.
Cat-themed coins like Mog Coin (CRYPTO: MOG) and Popcat (CRYPTO: POPCAT) are rallying as the broader altcoin market cheers Bitcoin's (CRYPTO: BTC) leap above $70,000. What Happened: Coinmarketcap data shows cat-themed tokens coins approaching a total market capitalization of $5 billion, up 9.3% over the past 24 hours.
Samson Mow, JAN3 chief executive officer and a vocal Bitcoin supporter, has addressed his followers on the X social media platform about the current BTC price action.
The cryptocurrency market has begun its bull run as Bitcoin (BTC) recently surged above $71,000. While many coins are riding this wave, Ripple's token, XRP, has faced challenges and is currently trading at around $0.52, down about 4% over the past week.
Ripple co-founder, Chris Larsen, stated that he is certain Kamala Harris will be able to rectify what he considers the Biden administration's “failed” approach to crypto. In an interview with CNBC released on Oct.
The crypto market today is buzzing as it has surged 3.74% over the past day, bringing the market capitalization to $2.41 trillion. Trading volume also surged significantly by 72.27% to $101.81 billion, highlighting strong momentum as major digital assets continue to show bullish movements.
Bitcoin, the leading cryptocurrency, has shown a tendency to follow recognizable price patterns throughout its various market cycles. Notably, these patterns often align with key events like halving cycles, which signal both market bottoms and peaks.
A Bitcoin-focused company, BitcoinOS, recently launched a development that can theoretically bridge Bitcoin (BTC) to Cardano (ADA) and other blockchains. A faction of the Bitcoin community, however, is skeptical of the solution, going as far as calling it a “scam.
As U.S. debt and inflation continue to rise, Paul Tudor Jones believes that Bitcoin will rise to the occasion.
Miner Wars by GoMining is a GameFi approach to Bitcoin mining that has been steadily gaining traction since its beta release in mid September. Players can join or create clans to strategize and compete for BTC and GOMINING rewards while engaging in real-time battles that mirror actual block-solving on the Bitcoin blockchain.
Amid the highly anticipated altseason in the near term following the Bitcoin (BTC) bullish breakout above $71k, Cardano (ADA) has signaled an imminent reversal in the near term. The large-cap altcoin, with a fully diluted valuation of about $15.
A leak has revealed China could be about to drop a $1.
The latest price moves in bitcoin (BTC) and crypto markets in context for MONTH XX, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
The XRP community has just received a critical warning from Wietse Wind, a prominent XRPL developer. The warning is about a fake token called "Xaman.
Satoshi-Era Bitcoin addresses in dormancy are now fully back to life.
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Bitcoin (BTC) has recently shown renewed strength in its market stance, with positive signals emerging from key market indicators. This emerging positivity in BTC's market indicators comes on the heels of the asset seeing a gradual recovery in price over the past weeks.
Today, Bitcoin (BTC) briefly traded above $69,000, coming close to its all-time high (ATH) value of $73,737 recorded earlier this year in March. Bitcoin ‘Bullish Setup' Reminiscent Of 2020 Rally After months of sideways price movement since March, BTC is continuously attempting to reach a new ATH as the US presidential election draws near.
The Royal Government of Bhutan has started depositing large amounts of the flagship cryptocurrency Bitcoin (BTC) that it acquired through its mining operations into leading cryptocurrency exchange Binance. The Buddhist Kingdom's move comes after the price of the cryptocurrency surged more than 3.8% over the last 24-hour period to now trade at $71,200 per coin.
Bitcoin (CRYPTO: BTC) surpassed $71,500 during European daytime trading hours on Tuesday, driven by record-breaking ETF inflows and heightened market activity in derivatives. What Happened: This price surge, up 4.1% over the past 24 hours at the time of writing, comes as Bitcoin spot ETFs experienced an influx of $479 million on Oct. 28, led by BlackRock's ETF (NASDAQ:IBIT) with a $315.1 million addition, according to data from SoSo Value.
The price of Bitcoin blew past the $71,000 level on Tuesday for the first time since June to lead a market-wide rally. The crypto's rise comes almost a week before the United States elections, which traders believe is a super bullish catalyst for the market regardless of a Republican or Democrat presidential victory.
Bitcoin is now trading above the $71,000 mark, signaling growing optimism among traders ahead of the U.S. elections in one week's time.
Bhutan recently deposited 929 BTC, valued at approximately $66.16 million, to the global cryptocurrency exchange Binance. The post Is Bhutan Preparing to Sell? Royal Government Moves $66M Worth of BTC to Binance appeared first on Cryptonews.
It's the first time Bhutan has sent bitcoin to an exchange since it deposited $24 million worth of the cryptocurrency to Kraken in July.
Bitcoin (BTC) has successfully proven the "Uptober" theory with substantial gains throughout this month. The leading cryptocurrency is inching closer to its all-time high (ATH) of of $73,835.
Bitcoin (BTC) has finally flipped the $70,000 resistance into a support zone, and most market participants anticipate that the momentum will likely target $100,000.
With the correlation between Trump's victory and bitcoin's price trajectory and the asset's Q4 seasonality performance, BTC is in for a wild ride in the coming weeks.
Bitcoin (BTC) touched $71,000 earlier today as it inches toward record highs. BTC hit $70,000 for the first time since late July and peaked at $71,460 before declining back to $71,000.
Charles Hoskinson recently announced that Cardano will now pivot to become a Bitcoin Layer 2 solution. This shift means that Cardano will work to enhance Bitcoin by adding features that Bitcoin currently lacks.
Bhutan holds another $886 million worth of Bitcoin, which could introduce more selling pressure, as the country has been mining and holding Bitcoin for over five years.
Bitcoin could form an ATH before the end of Uptober after the recent rally fueled FOMO.
Bitcoin's (BTC) price has surged by 5% over the past 24 hours, reaching $71,000 — a level unseen since March and just 4% below its all-time high.
US-based crypto platforms are seeing increased Bitcoin inflow as measured by the US to The Rest Reserve Ratio, mirroring patterns that preceded previous price appreciation.
Bitcoin News: Royal Government of Bhutan deposited 929 BTC to crypto exchange Binance, an on-chain data expert reported on Tuesday. The move comes as BTC price rallied over $71,000 amid improving market conditions, US elections, and technical strength in the Bitcoin chart.
This top digital asset has had a fantastic year, but more gains are likely on the way.
As October nears its end, Bitcoin (BTC) has finally found the momentum expected from ‘Uptober' as it first broke the protracted downtrend. The flagship cryptocurrency rallied from October 10 lows under $60,000 to a relatively stable level near $68,000 and, in the last 24 hours, surged above $71,000.
The price of Bitcoin has gone well beyond $71,000 for the first time since June 2024 on Oct. 29. Crypto analyst predicts Bitcoin is poised to reach a new all-time-high this week if the upward trend continues.
BRICS is a group of countries including Brazil, Russia, India, China, and South Africa, and recently, Argentina, the United Arab Emirates (UAE), and Ethiopia joined in. These last 3 nations are starting to mine Bitcoin using government resources to support their efforts.
U.S. listed spot ETF inflows continue to break records, as CME open interest spikes in the past 24 hours.
Over the last four days the Bitcoin (BTC) price has increased by more than $4,500 to now be above $71,000. Can this current surge continue, and will Bitcoin have enough gas in the tank to take out $73,800 and set a new all-time high?
World's Largest cryptocurrency by market cap Bitcoin has surged past the $71,000 mark, marking its highest point since June. With many experts, like popular crypto analyst CryptosRUs, predicting that this rally won't be slowing down, all eyes are on Bitcoin's potential to reach an all-time high within the next seven days.
Bitcoin may strengthen its status as a hedge against monetary debasement due to China's plans for over $1.4 trillion in new debt, raising interest among traders.
Here's what needs to happen for XRP's price to explode.
The Bitcoin address last sent funds on Nov. 10, 2012, when the 749 BTC remaining balance was worth only around $8,000.
Premarket trading of stocks related to cryptocurrencies has increased as a result of the recent surge in Bitcoin, which reached a five-month high of over $71,000. The largest institutional Bitcoin holder, MicroStrategy, benefited directly from the spike in Bitcoin as its stock increased 30% before the market opened.
In the last 30 days, Bitcoin has recorded a surge of 8.5%. Meanwhile, during the same period, Ethereum has declined 1.0%. Since October 15, the Bitcoin Spot ETF market has seen only one day with a negative inflow. Yesterday, the market registered an impressive inflow of +$472.60M.
BTC price gains are boosting bullish sentiment, but the latest Bitcoin market analysis calls for a balanced perspective.
As November approaches, the cryptocurrency market gears up for potential gains, with Bitcoin's rally reigniting investor interest. Bitcoin has recently seen an uptrend, fueling other altcoins.