In its Oct. 2 market analysis, QCP Capital highlights the effect of escalating Middle Eastern conflicts on traditional financial (tradefi) assets and the cryptocurrency market. According to QCP's researchers, the market response has been muted in tradefi, but risk assets and digital currencies like bitcoin (BTC) faced more substantial losses.

Bitcoin (BTC) continues its journey through a fluctuating market, recent indicators suggest it may be time for investors to consider buying. The Bitcoin Rainbow Chart, a visual tool that evaluates BTC's value based on historical prices, has recently flashed a ‘BUY' signal.

Following Bitcoin's (BTC) crash in the wake of growing conflict between Israel and Iran, questions have emerged regarding the asset's ability to emulate gold and serve as a hedge in an environment dominated by geopolitical disputes.

In light of the current spike in gold prices, there is a debate as to whether Bitcoin is a dependable store of value. The chart illustrates how Bitcoin's price has decreased, while gold has seen a huge pump recently.

Charles Edwards, founder of Capriole Investments, sees a bullish outlook for Bitcoin (CRYPTO: BTC) driven by improving macro conditions and the impact of spot ETFs. What Happened: In an interview on the Blockworks Macro podcast, Edwards highlighted that the market is at "the exact opposite point" of November 2021, when the Fed began aggressive rate hikes.

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P2P.org, a staking services firm and validator for Ethereum, has unveiled the launch of Babylon Staking API for Bitcoin staking. The Babylon staking API allows exchanges, custodians, and wallet users to securely earn rewards on their Bitcoin holdings.

The Bitcoin price took a sharp dip to $60,164 on Tuesday following heightened geopolitical tensions in the Middle East, with Iran launching missile attacks on Israel. The escalation rattled global markets, impacting both traditional and crypto assets.

As the global market reacts to the rising geopolitical tensions facing the Middle East, Bitcoin's (BTC) anticipated bull run in October has been set back. Before Iran's missile strike on Israel, Bitcoin's price was over $64,000.

Bitcoin is entering a period of traditionally positive performance, according to the latest analysis from Cryptoquant and its researchers. However, for bitcoin to reach new highs, increasing demand will be crucial as current levels remain stagnant.

Bitcoin (BTC) saw a severe downturn on Tuesday along with the broader crypto market. This recent market meltdown came as a result of the worrisome geopolitical situation, one of the most alarming issues in recent times.

Geopolitical tensions triggered consecutive daily declines of almost 4% in bitcoin's price.

Bitcoin has experienced a sharp decline on its price charts. Will October be different?

The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 2, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

According to data shared by the popular blockchain tracker Whale Alert, which monitors large cryptocurrency transfers, approximately 17 hours ago, an ancient Bitcoin wallet came out of 11-year hibernation. The tweet says: “A dormant address containing 21 BTC (1,307,996 USD) has just been activated after 11.0 years!

Bitcoin's short-term structure signals that most of October could be a cooling-off period before the “next bullish attempt,” according to a crypto analyst.

The cryptocurrency soared to a notable 11% increase in price. It closed the month at $63,537.86, defying the conventional wisdom that views September as a bearish period for the crypto market.

It was a remarkably bullish September for bitcoin (BTC), bucking the long-running trend of it being the world's largest cryptocurrency's worth month on record. Despite an early-month dip, the BTC/USD pair closed the month more than 7% higher, seemingly putting to bed the ‘Septembear' narrative that has historically dogged bitcoin at this point in the season.

Bitcoin holders are closely monitoring market trends as the asset's price sees fluctuation and crucial levels are revealed.

Bitcoin ETFs saw $243 million in outflows on Oct. 1, largely due to geopolitical tensions in the Middle East.

Following the best September in its history, Bitcoin (BTC) might be facing a ‘Dumptober' instead of an ‘Uptober' as it begins its first week of the month in a bearish setting, and artificial intelligence (AI) and machine learning (ML) algorithms seem to be pessimistic as well.

Analysis of Bitcoin address outflow patterns indicates a correlation between address activity types and Bitcoin's price movements from 2014 to 2024. Per CryptoQuant data, shifts in outflow trends among different address categories reflect underlying market trends and participant behaviors.

Economist and macro trader Alex Krüger voiced caution about the sudden market optimism, coined as "Uptober", highlighting the looming uncertainty of the U.S. election year and its potential impact on market volatility. What Happened: Krüger highlighted the unexpected bullishness following the last FOMC meeting but emphasized that it was two weeks ago, and the situation has since evolved.

"Minor corrections are in the offing in the market. Altcoins, particularly ETH will show growth," one analyst said in a note.

The cryptocurrency market is heating up again, with Bitcoin ($BTC) surging past $65,000, reigniting bullish sentiment across the board. As Bitcoin continues its upward trajectory, other major coins like Avalanche ($AVAX) and Bonk ($BONK) are also seeing promising gains.

Analysts are raising alarms about Bitcoin's current price action, noticing a significant bearish signal on the charts. As Bitcoin continues to pull back from overbought levels, it's moving closer to oversold territory, raising concerns among traders. According to analyst Josh of Crypto World, Bitcoin is once again facing rejection at a critical resistance line.

On-chain data shows the Bitcoin Active Addresses have continued to see a steep decline recently, a sign that could be bearish for BTC.

Why are markets staying calm while the Middle East is on fire? Is Bitcoin really immune to geopolitical chaos, or are we missing something bigger here?

Fear and panic have gripped crypto markets again, with analysts predicting doom and gloom price crashes for Bitcoin.

As October begins, Bitcoin remains in a relatively strong position. After hitting a low of $52,756 on September 6, BTC rebounded impressively, ending September with over 7% gains.

TL;DR September 2024 saw the lowest monthly revenue for Bitcoin miners this year, with earnings dropping to $815.7 million, a 4% decline from August. Reduced transaction fees and high operating costs significantly impacted miners' profitability, with total operating costs estimated at around $650 million.

Marathon Digital Holdings (MARA) reports a 5% increase in energized hash rate and a 6% rise in block wins for September 2024.

Investors around the world are holding their breath as Bitcoin, the largest of the cryptocurrencies, plunges to $61,000. This drop, marked by unexpected fluctuations, forebodes tumultuous days for the market.

As Democrats seek a "crypto reset," support for a strategic Bitcoin reserve gains momentum with a key endorsement from Representative Ro Khanna.

Bitcoin could still be on pace to hit $100,000 by the end of 2024. Here's why.

Bitcoin (BTC) fell as low as $60,300 earlier today due to escalating tensions in the Middle East that have spooked the crypto and traditional markets. The world's largest cryptocurrency is down almost 4% in the past 24 hours following Iran's attack on Israel.

Billy Markus, who is known for his contribution to the creation of Dogecoin (DOGE), the most famous meme cryptocurrency, who even adopted the nickname Shibetoshi Nakamoto, has once again touched on the matter of his cryptocurrency holdings.

Bitcoin's expected "Uptober" rally may face challenges as a surge in OTC desk Bitcoin holdings suggests increased selling pressure, potentially hindering its upward momentum.

Ripple price could skyrocket XRP ETF optimism was revived by Bitwise Asset Management's filing in Delaware. If approved, this will be the first XRP ETF for the United States market.

Following the recent turn of events in which Iran fired a volley of about 180 ballistic missiles at Israel, the price of the maiden cryptocurrency, Bitcoin (BTC), retrieved to the $61,000 zone, retracing the previous advances that saw it surpass the psychological level at $66,000 in the past week.

Bitcoin was trying to recover from its 5% dip on October 1 and the community was waiting for the beginning of the Uptober Bullrull when BTC gave them one more shock with another 5.9% dip. This sent the largest cryptocurrency to bottom at $60,200.

U.S. spot Bitcoin ETFs have emerged in the spotlight after recording $242.53 million in negative flows.

October has historically been a favorable month for Bitcoin. In October 2023, the Bitcoin market experienced an impressive surge of +28.5% – significant as it was the second-highest monthly return of 2023 after January's return of +39.9%. Since 2011, at least nine times the month of October has reported a positive monthly return.

Bitcoin started the month of October on a negative note, deviating from what many investors had expected leading up to the month. Bitcoin, which had been on a notable price increase earlier, started to face setbacks as September ended, leading up to the first 24 hours of October.

Key points:

Rising tensions in the Middle East seem to be the predominant reason behind Bitcoin's latest drop.

Sanctioned crypto mining firm BitRiver suggests Russia could soon outpace the U.S. in mining due to favorable regulations. As U.S.