According to Tesla's Q3 financial filings, the company's automotive sales declined slightly since Q2 2024, while leases increased slightly.
Jeff Park, Head of Alpha Strategies at Bitwise, has projected that Bitcoin (CRYPTO: BTC) could skyrocket to $92,000 in the event of a Donald Trump election victory. What Happened: In a post on X on Tuesday, Park used a merger arbitrage-style probability model, tying Bitcoin's price fluctuations to Trump's election odds to calculate that if Trump wins, Bitcoin's price could hit approximately $92,000.
Bitcoin (BTC) is showing the first signs of positive price momentum since June, as it attempts to convincingly break the $69,000 price zone and shift to a “euphoric bull market.
Bitcoin (BTC) finds itself at a pivotal juncture. After recently reaching a significant resistance level at $70,000, the leading cryptocurrency is experiencing a consolidation phase that has analysts buzzing.
Michael Saylor, the founder of Microstrategy, recently downplayed concerns about bitcoin confiscations, calling them a “myth.” He referenced Executive Order 6102, which compelled U.S. citizens to surrender their gold, to support his stance. However, historical evidence paints a different picture, especially regarding voluntary compliance.
Elon Musk's electric car maker Tesla is believed to still be holding onto its nearly $780 million worth of Bitcoin, despite moving the funds from its wallets for the first time in two years, prompting rumors the firm was selling its BTC holdings.
Ethereum price followed the broader crypto market sell-off, but its longer term price weakness is driven by network-specific factors.
Cryptocurrency markets are down on Wednesday, pushing crypto long liquidations to the highest since Oct. 15. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $66,169.96 -2% Ethereum (CRYPTO: ETH) $2,503.20 -4.8% Solana (CRYPTO: SOL) $170.11 +0.99% Dogecoin (CRYPTO: DOGE) $0.1364 -2.7% Shiba Inu (CRYPTO: SHIB) $0.00001738 -4.9% Notable Statistics: IntoTheBlock data shows large transaction volume inching higher by 0.7% and daily active addresses falling by 12.5%.
Bitcoin's latest failure to surpass $70,000 has analysts worrying that the ongoing rise in the U.S. Treasury yields could lead to an extended drop. CoinDesk's Omkar Godbole reports the concerns may be overblown, citing the upcoming coveted "golden cross" price pattern.
Ripple CEO Brad Garlinghouse believes that an XRP exchange-traded fund will get approved by the SEC following recent filings.
Ethereum has had a turbulent start to the week, and data suggests that further declines may be on the way. As Bitcoin loses momentum and drops below immediate support levels in recent hours, selling pressure on Ethereum is increasing.
Bitcoin may be facing a significant market correction as patterns reminiscent of 2021 are emerging in its price movements, according to a recent analysis by popular trader Alan Santana on TradingView.
Tesla has confirmed that its Bitcoin holdings remain intact, despite recent wallet movements that sparked speculation within the cryptocurrency community. According to Arkham Intelligence, the company still holds 11,509 BTC, valued at $765.22 million as of October 23, 2024, after moving its assets to new wallets.
Tesla maintains 11,509 BTC worth $765M in Q3 2024 while showing strong profit margins in its earnings call. The post Tesla keeps Bitcoin holdings intact as Q3 earnings reveal strong profit margins appeared first on Crypto Briefing.
MicroStrategy executive chair Michael Saylor backtracked on his recent remarks about self-custody and clarified that he supports it as a fundamental right. Saylor said that the right to self-custody applies to all individuals and institutions, who have the freedom to choose the form of custody.
Bitcoin maximalist Michael Saylor believes Bitcoin's ecosystem should welcome everyone and every type of custodial option available. Cryptocurrency community leaders and members criticized MicroStrategy executive chairman Michael Saylor for comments that seemingly criticized users who self-custody Bitcoin (BTC).
Analysts attribute the negative Kimchi Premium to waning investor sentiment in the Korean market.
Three fundamental metrics appear to be driving Ethereum lower today.
Bitcoin's mining difficulty has reached a new peak, driven by a rising hashrate as miners compete for rewards.
Ethereum (ETH) held in accumulation wallets has surged to over 19 million as of October 18, 2024. This marks an impressive 65% increase since the year began, underscoring a growing wave of interest from both individual and institutional investors.
Following the backlash from his earlier comments regarding custody providers and self-custody, Michael Saylor turned to X to clarify that he does not oppose self-custody.
Several positive developments have been cited lately around the Ethereum blockchain network, one of which is the recent significant drop in the network's transaction fees after a period of extremely high costs, which has historically been a major challenge for users.
American institutions are making ripples in the cryptocurrency market, having invested a staggering $13 billion in spot Bitcoin ETF shares since its inception in January 2024. Many people are surprised by this move, given that traditional financial institutions were first hesitant to enter the world of digital assets.
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, Chris Ahn, partner at Haun Ventures, discusses why Stripe is buying stablecoin platform Bridge for $1.1 billion.
Bitcoin poised to fill price gap, potential bullish continuation toward higher levels.
Bitcoin's correction ignited selling in altcoins, which are slipping below critical support levels.
Ethereum (ETH) bulls have a big task at hand despite helping the altcoin price rise above $2,700 earlier. This time, the new mission is to prevent ETH from going below $2,400, which is a crucial support level.
Michael Saylor, the Chairman of American business intelligence and software firm MicroStrategy came under fire over his Bitcoin statements earlier. As a major social town hall, conversations sprung up on X regarding self custody options for the top coin.
BRICS leaders advocate Bitcoin use to bypass Western sanctions, highlighting a shift towards decentralized financial systems. The post BRICS leaders push Bitcoin to bypass Western sanctions as Putin calls for alternatives appeared first on Crypto Briefing.
In a Wednesday social media post, MicroStrategy co-founder Michael Saylor recently addressed his controversial comments about self-custody.
According to Arkham Intelligence, the bitcoin transferred by Tesla last week was likely just relocated to newer wallets, but the company still holds control over the funds. Arkham revealed that the assets are now spread across seven separate wallets.
Bitcoin (CRYPTO: BTC) could soar to $200,000 by the end of 2025, driven by a combination of rising institutional demand and supply reduction following the latest halving. What Happened: In their October “Bitcoin Investing Guide,” Bernstein analysts highlighted Bitcoin's unique supply structure, particularly its capped total supply of 21 million coins and the halving events that reduce the rate at which new coins are created.
Riot Platforms, Marathon Digital, and CleanSpark, three of the largest Bitcoin mining companies in the U.S., have backed a new political action committee to support pro-crypto candidates in key swing states.
A negative Coinbase Premium Index suggests larger investors are reducing their exposure to Ethereum, adding selling pressure to the market.
Russian officials are reportedly discussing how to use Bitcoin (BTC) to conduct international trade outside the purview of the US dollar system.
On Tuesday, Bitcoin (BTC) exchange-traded funds (ETFs) experienced their first net negative flow in seven days. This comes amid the steady decline in market activity, which has caused the leading coin's price to plummet to a weekly low.
Orbs, the decentralised Layer-3 blockchain optimised for on-chain trading, has announced the integration of its Liquidity hub with leading multi-chain DEX, platform QuickSwap. The decision follows an overwhelming approval via a governance vote on QuickSwap.
Bernstein has predicted that Bitcoin will surge to $200,000 by the end of 2025 as it continues to gain traction as an institutional asset and the regulatory landscape improves, based on excerpts shared by VanEck's head of digital assets research, Mathew Sigel.
Bitcoin (BTC) is down slightly below the $66,000 mark after briefly touching the $69,500 level on October 21. This three-day $4,000 crash created a buying opportunity, according to a Bitcoin smart trader who accurately predicted this target.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
As global tensions rise, Russia is increasingly turning to Bitcoin and other cryptocurrencies as a way to sidestep Western sanctions. This development is a major discussion topic at the ongoing BRICS summit as Russian leaders and companies look for ways to harness BTC and increase the country's presence in the digital economy.
The long-criticized Chair is not backing down from his "regulation by enforcement" approach to the crypto industry.
Bullish Bernstein analysts now think Bitcoin will hit $200,000 per coin by the end of 2025—and say that's a "conservative" projection.
Bitcoin's (BTC) push to realize the ‘Uptober' momentum is fading as the asset has struggled to claim the $70,000 mark. This grim projection is now backed by technical indicators that signal more downside for Bitcoin at the end of October.
BlackRock buys $43 million of Bitcoin, strengthening its position and highlighting the growing importance of cryptocurrencies!
Bitcoin on-chain metrics indicate that the digital asset has hit a short-term price top ahead of the U.S. election, according to analysts.
The $66k mark previously served as a resistance level for Bitcoin price, but it is turning out to be a key support level.