Terawulf sold its 25% stake in Nautilus Bitcoin mine to Talen Energy. The firm plans to enhance the efficiency of its mining fleet to achieve 18.2 J/TH.
Whales accumulate Bitcoin despite recent market dip and macroeconomic pressures. Dormant Bitcoin addresses reactivated, signalling renewed market participation.
Major crypto transaction monitoring service Whale Alert says that a mysterious Bitcoin whale, which has not been active for 10.8 years, has suddenly reappeared in the last few hours. Specifically, the previously inactive large holder has started showing activity by transferring 100 BTC from the old address "17tdW8" to the new address "bc1qqy6.
As we all know, halving is an event that happens in the Bitcoin market every four years. The market follows a specific pattern as it moves from one halving to the next. Usually, the price of BTC reaches its peak around 518 to 546 days after a halving event in a bull market.
The crypto markets saw significant turmoil over the past 24 hours, with over 100,000 traders impacted by mass liquidations, greatly raising concerns during the latest market downturn. Bitcoin (BTC) briefly dipped below the $60,000 mark on October 3 before recovering and pushing back above $60,000.
Crypto investors are nervously awaiting the release of the September jobs report, and the Fed's response regarding rate cuts in November.
Chief Investment Officer at Lekker Capital, Quinn Thompson, expressed confidence in the market, suggesting it's a clear opportunity to bid despite short-term fluctuations.
The bitcoin miner intends to reinvest the capital into its flagship facility in New York, which focuses on hosting HPC/AI data centers.
If Bitcoin falls below a crucial support, then it won't be surprising to see the king coin plummeting to $57k once again.
According to the American television network HBO, the pseudonymous Satoshi Nakamoto, who created Bitcoin, may not be a mystery for much longer.
Bitcoin's historic gains are nothing short of magnificent.
The free fall of bitcoin has finally stopped and the fear from the market has started to drop. RSI is showing improvement and there are other indicators that are signaling a recovery. But, has BTC really started to recover or this is another trap, let's explore.
In 2024, Bitcoin and Ethereum-focused ETFs have surged in investor popularity and have climbed up the top 25 newly launched funds. Following the approval of the first spot Bitcoin ETFs, initial skepticism of the market has worn off.
Bitcoin and ether outflows from ETFs contribute to this week's weak crypto price action.
Bitcoin demand in the US is "strong," but can the Coinbase premium save BTC price action from further downside?
Interestingly, the renewed geopolitical tensions in the Middle East did not affect BlackRock's IBIT, which bucked the trend by attracting $37 million in inflows.
The Tron Network reported an impressive revenue of $577 million for the third quarter, outperforming major blockchains such as Bitcoin and Ethereum.
On-chain data shows the Bitcoin short-term holders have recently moved over 14 times as much profit volume as the loss one. Bitcoin Has Plunged As Short-Term Holders Have Been Realizing Gains According to the latest weekly report from Glassnode, the short-term holders have started taking profits again recently.
Bitcoin is currently testing a crucial support level after a 9% decline from its recent local highs. The broader crypto market, alongside traditional markets, has been experiencing heightened volatility, driven by the ongoing conflict between Israel and Iran.
If Bitcoin is going to skyrocket in 2025, it must overcome three big obstacles.
Ripple has announced the opening of its high-speed payment solution, Ripple Payments, in Brazil.
Peter Schiff, a well-known critic of Bitcoin, is once again sounding the alarm, claiming that the digital asset is in a bear market. Schiff notes that Bitcoin has underperformed dramatically when compared to gold, noting that since its peak almost three years ago, the price of the cryptocurrency has dropped by roughly 40%.
AAVE, APT, and BEAM are the top performers from the largest 100 alts today.
Amid Middle Eastern tensions, Bitcoin has taken a dip, but the horizontal support at $60,000 has held firm thus far. Currently bouncing higher, can $BTC now start to reclaim lost ground and move back to the top of its bull flag?
Bitcoin holds steady around $61,000 as global developments unfold, including Ripple's expansion in Brazil, IMF's warnings to El Salvador, and JPMorgan's bullish outlook amid geopolitical tensions and upcoming US elections.
Bitcoin ETFs experienced a staggering outflow of $52.9 million, while Ethereum ETFs enjoyed a notable inflow of $19.8 million. This sharp contrast reflects evolving investor sentiments and could signal broader shifts in the market.
With the beginning of a bullish month of the year for crypto, Bitcoin's price has taken a big hit due to rising tensions between Iran and Israel. Amidst this Bitcoin has seen a massive outflow from exchanges, marking the largest withdrawals since November 2022.
Bitcoin has been experiencing some interesting developments in its market indicators, and a recent analysis points to the NVT (Network Value to Transactions) Golden Cross signaling a potential short-term local top. According to a CryptoQuant analyst known as Darkfost, the NVT Golden Cross—a key metric used to determine market valuation relative to transaction volume—has reached a major level.
On-chain data shows the Bitcoin miner exchange inflows have been dropping recently, a sign that may be bullish for the asset's price. Bitcoin Miner Exchange Inflow Has Been Declining Recently As explained by CryptoQuant author Axel Adler Jr in a new post on X, miners have gradually been reducing their exchange inflows recently.
The IMF said it seeks to reach an agreement with Salvadoran authorities on an IMF-supported program to help with macroeconomic stabilization.
BlackRock's US Head of Thematics and Active ETFs, Jay Jacobs, said there is plenty of room for Bitcoin adoption. Jay still estimates a market of Brazilian Real 30 trillion ( ~ $5.4 trillion) in the coming years.
Still pressures on the country with BTC as legal currency.
Geopolitical tensions can have far-reaching effects beyond the borders of the nations involved. The latest conflict involving Iran, Lebanon, and Israel has not only heightened military and diplomatic concerns but has also sent ripples through financial markets worldwide, with cryptocurrencies experiencing significant volatility.
Crypto options expiry day has come around again, and it is the first event of the fourth quarter, but will it impact spot markets?
London-listed crypto-miner Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK) reported that it produced 37 Bitcoins (BTC) in the month of September. The average daily production was 1.2 BTC, as noted.
A widely followed cryptocurrency trader and analyst is leaning bearish on Bitcoin (BTC) and Ethereum (ETH) amid a market downturn. The trader pseudonymously known as Capo tells his 866,300 followers on the social media platform X that Bitcoin and Ethereum could fall by up to 21% and 23%, respectively, from the current levels.
Bitcoin may face a potential correction amid market volatility and geopolitical tensions.
October started slowly for Bitcoin, but experts are optimistic about a potential bullish surge later in the month.
Bitcoin miner Terawulf has sold its 25% stake to partner firm Talen Energy in a transaction valued at $92 million. The proceeds will be reinvested in enhancing AI and Bitcoin mining operations, the official release said.
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Spot Bitcoin exchange-traded funds experienced a third consecutive day of outflows on Oct. 3, pushing the total withdrawals over the period to $361.2 million. According to data from SoSoValue, the 12 U.S.-listed spot Bitcoin ETFs saw net outflows of $54.
Bitcoin (BTC) recently appeared poised for significant upside momentum and has experienced a notable price correction. Following a two-month high of $66,500 last Friday, the cryptocurrency retraced approximately 6% in the past week to around $60,000 by Thursday.
Cryptocurrency Prices Today: The cryptocurrency market fell by 2.12% in the past 24 hours, with its market cap now at $2.11 trillion. Additionally, trading volume decreased by 18.94%, indicating a careful attitude among investors in light of the geopolitical uncertainty.
Bitcoin price has shown mixed performance amid recent geopolitical developments and regulatory scrutiny.
The third quarter of 2024 was a real whirlwind for the crypto market. While some assets shone, others are struggling to keep up.
The trend in the Bitcoin Market Value to Realized Value (MVRV) Ratio may point towards a top being yet to occur in the current cycle.
Tron's rise as a stablecoin leader highlights the growing importance of stablecoins in global finance, especially in volatile economies. The post Tron emerges as stablecoin powerhouse, outpaces Bitcoin, Ethereum, and Solana with $566 million in Q3 revenue appeared first on Crypto Briefing.