Bitcoin faces yet another correction after surpassing the $62,000 mark on Oct. 2. However, data shows that whales haven't taken part in the latest selloff.
MicroStrategy, a big name in software and a leader in Bitcoin adoption among companies, is making big moves to bring cryptocurrency into its business even more. The company recently announced it is looking for a manager of Bitcoin Advocacy and this role is all about boosting its Bitcoin development and advocacy initiatives.
Bitcoin and the entire crypto market find themselves at a pivotal moment following several weeks of fluctuating price action. As analysts and investors keep a close eye on market trends, many are optimistic about a potential rally in the coming months.
According to recent data, the five busiest days for bitcoin transfers on the network occurred in 2024. The all-time peak was at the end of April, with the second-highest transaction day recorded on Sept. 8.
Over the past 24 hours, Bitcoin (BTC) has seen a large disparity in liquidations between long and short positions in the perpetual futures market. According to CoinGlass, total liquidations in derivatives on the major cryptocurrency during this period exceeded $4.82 million.
The Bitcoin price surged 0.55% during the low-volatility weekend, currently trading at $62400. Following the broader market relief rally, the BTC price showcased its sustainability at $60,000 support, bolstering buyers to recuperate the bullish momentum.
Bitcoin short-term holders are “likely taking on more risk” amid long-term holders “likely taking profits,” according to a crypto analyst.
Recently, prominent analyst Benjamin Cowen shared a cautionary message regarding Bitcoin's current price movements. His analysis suggests that if Bitcoin cannot break through critical resistance levels, a significant decline of over 30% could be on the horizon.
Bitcoin is at a critical turning point after facing several days of selling pressure and consolidating above the $60,000 mark. While some analysts and investors are anticipating a massive rally in the coming months, key data indicates that the market may not be ready for a breakout just yet.
Bitcoin hodlers' realized cap sees a snap drop while speculators get more confident in market trajectory.
QCP Capital, a cryptocurrency analysis firm, has issued its latest market commentary, emphasizing significant developments for Bitcoin as the new quarter begins.
When Bitcoin trembles, the whole crypto ecosystem feels the shockwave. On Friday, the Bitcoin Fear & Greed Index, an indicator often closely watched, fell into the “fear” zone, reaching 37.
Banking giant Standard Chartered has issued a cautionary note regarding Bitcoin's price, suggesting it may dip below the $60,000 mark due to escalating geopolitical tensions in the Middle East. However, the bank views this potential decline as a strategic buying opportunity for investors looking to increase their Bitcoin holdings.
Bitcoin is following a past trend, which could soon result in a bull rally.
Cryptocurrency Market Overview: This week's increased volatility in the cryptocurrency market was caused by geopolitical concerns like the Israel-Iran dispute. With a Fear & Greed Index of 41, market sentiment declined while the global market cap grew somewhat by 0.34% to $2.16 trillion.
A new documentary out this coming week is claiming to have solved the biggest mystery on the internet—who created bitcoin?
There's more to like about Bitcoin beyond its enormous upside potential.
The Bitcoin price has somewhat slowed down this weekend, failing to capitalize on its resurgent momentum from Friday, October 4. The premier cryptocurrency continues to hover around the $62,000 mark, reflecting a mere 0.3% decline in the last 24 hours.
Marcos Galperin, founder and CEO of Latin America's e-commerce and financial services giant Mercado Libre, shared his perspective on bitcoin and cryptocurrency. In a recent interview, Galperin stated that he believes cryptocurrencies will play a “very, very important role” in the future of people's finances.
Bitcoin, the leading cryptocurrency, is currently experiencing a remarkable trend: new whales are aggressively accumulating significant amounts of BTC. This surge in accumulation is being described as something the market “has never seen,” indicating a potential shift in market dynamics that could have far-reaching implications for Bitcoin's future price trajectory.
The head macro strategist at Swissblock is predicting major moves for Bitcoin (BTC) in the final quarter of this year. Henrik Zeberg tells his 155,900 followers on the social media platform X that market conditions have reached a critical point that the macro strategist predicted two years ago.
The development of Bitcoin continues to progress with the release of Core version 28.0. This update brings significant improvements in security, performance, and compatibility, thus enhancing the robustness and decentralization of the BTC network.
Bitcoin is showing renewed strength, supported by a notable surge in exchange-traded fund (ETF) inflows, signaling growing investor confidence. After three consecutive days of outflows, spot Bitcoin ETFs saw a robust rebound on Friday, attracting $25.6 million.
Spot Bitcoin ETFs launched the fourth quarter of 2024 on a turbulent note ending the week with a net negative outflow of over $300 million. This development occurred in tandem with Bitcoin's bearish start to October in which it declined over 6% in the first five days of the month.
XRP and DOGE are among the leaders in this adverse trend.
Bitcoin's massive price fluctuations have been captivating the minds of traders and investors for over a decade.
Recent economic indicators hint that Bitcoin may be poised for a significant price surge. Following the latest U.S. jobs report, analysts are weighing the implications of potential Federal Reserve rate cuts on Bitcoin's trajectory.
Popular quant analyst PlanB says crypto whales are staying on the sidelines for now to await the results of a highly anticipated event. In a video update, the pseudonymous analyst tells his 179,000 YouTube subscribers that he believes Bitcoin (BTC) is in a bull market despite its choppy price action over the last eight months.
On October 4, the first inflows of the month were recorded for US spot Bitcoin exchange-traded funds (ETFs), marking a rebound after a $400 million drop in the initial three days of trading.
Bitcoin shows strength; demand rises, whales hold, upward price trend likely ahead.
Bitcoin hovers above $60K amid ETF outflows and Middle East unrest. US jobs data shows resilience, while oil price trends hint at market sentiment shifts.
Recent developments in the cryptocurrency market reveal a remarkable surge in spot Bitcoin exchange-traded fund (ETF) holdings. According to data from Glassnode, a leading blockchain intelligence platform, U.S. ETFs now hold about 4.6% of the total Bitcoin supply, which is valued at an astounding $58 billion.
A mysterious Bitcoin whale just moved $3.58 million worth of BTC to the Kraken exchange, according to Arkham Intelligence. What's behind this big move?
For over a decade, the identity of Satoshi Nakamoto, the anonymous creator of Bitcoin, has fueled rumors and speculation. An elusive figure, who revolutionized modern finance before mysteriously disappearing.
Bitcoin's price has recently experienced a decline following news of conflict in the Middle East. However, the market has seemingly found a footing.
As bitcoin enters Q4 2024, investors question if this cycle will break from past trends, driven by global adoption, institutional interest, and supply factors.
Lawrence Lepard, Managing Partner at Equity Management Associates, shared his views on the future of gold and Bitcoin amidst potential economic turmoil. In a recent discussion with Stephan Livera, Lepard speculated that we are approaching a pivotal moment he terms the “next big print,” which could trigger major price movements in both assets.
According to data from CoinMarketCap, Bitcoin currently hovers near the $62,000 price mark with no significant movement in the past day. Notably, the premier cryptocurrency has slipped into a minor consolidation state since the little gains recorded on Friday.
Bitcoin (BTC) is back in the fear zone, and for seasoned crypto investors, this shift in sentiment often signals a potential buying opportunity. The cryptocurrency market, known for its volatility, remains highly sensitive to global events, particularly when it comes to Bitcoin, the world's largest and most influential digital asset.
Bitcoin has been trading below short term holders' realized price of $63,000, risking a sell-off.
Following a major price decline in Bitcoin (BTC), market sentiment dropped back to strong levels of fear, indicating that investors are becoming increasingly cautious and risk-averse. Despite this trend, on-chain data analytics provider CryptoQuant has revealed a significant increase in BTC buying momentum, resulting in the Bitcoin balances on various exchanges dropping to six-year lows.
In contrast to popular bullish sentiments, Bitcoin began October on a bearish note, recording a price decline of over 7% in the first three days of the month. However, while the BTC market experienced an uptick on Friday as data from the US Labor Department indicated incoming rate cuts, investors have generally retained a cautionary approach.
Bitcoin wallet that has been inactive for over ten years has suddenly come back to life. This wallet, containing 100 Bitcoins (BTC), is now worth approximately $6.1 million—a staggering increase from its original value of just $83 back in 2014.
Bitcoin, which started the month on a negative note, has begun to regain some positive momentum and is up by 1.66% in the past 24 hours. This recovery comes amid renewed optimism in the crypto space, as traders and investors remain hopeful for a solid finish to the year.
Bitcoin (BTC) is showing signs of resilience in the face of recent market fluctuations, with the price hovering around $61,361.60. According to recent analysis, the combination of robust demand in the United States and a technical indicator known as the “golden cross” may provide the support needed for a short-term recovery.
Peter Schiff, a prominent financial commentator and Bitcoin skeptic, has issued a stark warning: Bitcoin may have entered a bear market. With the cryptocurrency struggling to maintain its footing, Schiff's analysis highlights a troubling trend: Bitcoin's performance has significantly lagged behind that of gold.
The price of Bitcoin (BTC) experienced a steep decline in the past week, falling as low as $60,000 based on data from CoinMarketCap. However, the BTC market has made some recovery in the last day in line with positive jobs data news from the US.