Recent analysis shows that Bitcoin has officially broken out from important resistance levels. According to analyst Josh of Crypto World, this bullish trend follows a period of lower highs and lows, signaling a shift towards a more sustained bullish market.
Bitcoin made its second attempt to break free of the $68,300 resistance and faced rejection one more time. However the price is stable and BTC is trading around $67,670. A lot of whale movements have been detected after months which raises some concerns.
Bitcoin (BTC) is poised for a significant price surge. Ömer Ergin, known as Rekt Capital, recently shared insights with his followers that suggest Bitcoin is on the brink of a major upward movement, following historical patterns observed in previous market cycles.
Corners of financial markets that could feel the impact of a Donald Trump victory are stirring again, as the U.S. presidential race tightens with less than three weeks until Election Day.
BlackRock, the issuer of the IBIT ETF, acquired more than $680 million in Bitcoin in the last two days. This comes as IBIT, one of the most successful ETFs, is spiking in price.
The Bitcoin market has stabilized after a volatile start to the week. Bitcoin has faced significant resistance at levels around $67,500 to $68,000. After rejecting this resistance, a pullback seems likely. Although Bitcoin has shown strength recently, the current economic fundamentals could contribute to a downturn.
Cryptocurrency Prices Today, October 18: The broader market on Friday again showcased mixed actions, sparking investor speculations globally. Although Bitcoin (BTC) price briefly touched the $68K mark today, Ethereum (ETH), Solana (SOL), and XRP prices encountered market volatility.
BTC's price rally fuels bullish sentiment, with supply shortage signalling more gains.
On-chain data shows around 95% of all Bitcoin holders are in profit following the latest bullish action that the asset's price has seen. Very Few Bitcoin Addresses Are Still Underwater In a new post on X, the market intelligence platform IntoTheBlock has shared an update on how the Bitcoin holder's profitability is currently looking.
BitMEX co-founder Arthur Hayes predicts Bitcoin's price will rise alongside surging oil and energy prices if tensions between Iran and Israel boil over.
The cryptocurrency market has been rocked by an extraordinary wave of liquidations, with nearly $300 million wiped out in just one day. This surge is primarily attributed to a significant rally in Bitcoin's price, compelling many traders to exit their positions under duress.
Bitcoin and Ethereum continued trading flat even as equities notched fresh record highs. However, Dogecoin moved higher on Thursday.
Bitcoin has regained its dominance in the cryptocurrency market, with its market share climbing to an impressive 58.98%. This marks the highest level of dominance for Bitcoin since April 2021, reflecting a broader trend in which the leading cryptocurrency is outperforming its altcoin counterparts.
Bitcoin Spot ETF cost an average of $57K which is crucial for current bull rally.
A Russian crypto expert has backed Bitcoin to reach $70k to $75k by the end of this month, following a recent price surge.
A Bitcoin wallet from 2011 that had been inactive for over 13 years has suddenly moved more than $10 million worth of BTC. This transaction is the second such occurrence within the same week, raising questions about a potential connection between the two events.
Bitcoin price holding gains above the $67,000 resistance zone. BTC is now consolidating and aiming for more gains above the $68,350 resistance.
Morgan Stanley Bitcoin ETF holdings have reached $272.1 million, representing 0.02% of its $1.2 trillion in assets.
Recently, Bitcoin transactions involving large amounts, known as whale transactions, have surged to their highest level in over 10 weeks. On Tuesday, there were 11,697 transfers of $100,000 or more, and Wednesday also showed strong activity.
The spot Bitcoin exchange-traded funds (ETFs) launched earlier this year after securing approval from the U.S. Securities and Exchange Commission have surpassed $20 billion in total inflows, with BlackRock's iShares Bitcoin Trust (IBIT) leading with $22.4 billion inflows.
Bitcoin (BTC) is trading slightly lower in South Korea compared to the global cryptocurrency markets due to a reverse ‘kimchi premium,' not seen since October 2023. Reverse ‘Kimchi Premium' Makes Bitcoin Cheaper In South Korea According to a report by The Korea Times, there is a price differential of more than $500 between Bitcoin's price in South Korea and global markets.
Bitcoin (BTC) has continued its ascent in recent weeks, reclaiming major highs. However, recent analysis suggests that the $57,000 level could be one of the most critical support points for the ongoing bull rally.
Former Bitmex CEO Arthur Hayes sees a bitcoin bull market on the horizon, driven by soaring energy prices and rampant inflation as Middle East tensions escalate. He argues that rising costs will send BTC's value surging in fiat terms, with newly printed dollars flooding the market.
Bitcoin is witnessing a surge in network activity as large investor transactions, also known as whales, have skyrocketed significantly to new highs in light of recent broader market confidence. In comparison to the trading volume in the past few days, the growth is notable as the crypto asset's price has started to recover from its lows.
Bitcoin, the most popular cryptocurrency, is making waves in the financial world as it approaches a significant price milestone. Many investors are buzzing with excitement, speculating that Bitcoin could soon surpass the $70,000 mark.
A new survey has found that bitcoin usage has dropped to critical levels in El Salvador, with less than 10% of its citizens using it to make transactions.
On-chain data shows the Bitcoin whale transactions have spiked following the latest rally, a sign that profit-taking may have begun. Bitcoin Whale Transaction Count Now Highest In Over 10 Weeks According to data from the on-chain analytics firm Santiment, the Bitcoin whales have shown an increase in activity recently.
Kraken has launched KBTC, a wrapped bitcoin product fully backed 1:1 by bitcoin and compatible with multiple networks. KBTC aims to expand bitcoin's use beyond its native chain and into decentralized finance (defi) ecosystems.
Bitcoin is holding strong above $67,000 after setting a new local high of around $68,300, fueling excitement among investors. This bullish momentum is driven by price action and supported by key market data signaling a potential uptrend continuation.
Bitcoin price continues to show resilience near the $67,000 level despite recent market fluctuations. A stronger US dollar, as indicated by the Dollar Index (DXY) reaching three-month highs, briefly pushed Bitcoin to an intra-day low of $66,759. However, Bitcoin has managed to maintain a bullish stance amid these challenges.
The 2024 U.S. presidential election draws near, the outcome could have profound implications for the digital asset landscape. Recent trends indicate that a victory for former President Donald Trump could catalyze significant inflows into Bitcoin Exchange-Traded Funds (ETFs), as investors speculate on the potential for a more crypto-friendly regulatory environment under a Republican administration.
Bitcoin whales have been aggressively accumulating the flagship cryptocurrency, to the point that new whale wallets now hold 9.3% of the cryptocurrency total supply valued ar around $132 billion. That's according to data from on-chain analytics firm CryptoQuant, firstshared by its CEO Ki Young Ju, who noted that these new whale wallets now hold 1.
An eight-year Bitcoin investing veteran has named GambleFi tokens as “severely undervalued” and with 10-50x upside potential.
Bitcoin's emerging layer-2 and DeFi ecosystems are sparking competition for BTC liquidity on other chains.
The Bitcoin price has already been up by 10% in the past seven days, breaking above the $67,000 mark again in the last few hours. The Coinmarketcap Fear And Greed Index has now switched to greed in light of recent buying momentum and is showing no signs of slowing down.
PayPal's Venmo can now be used by U.S. customers to top up and make crypto purchases on MoonPay, according to a Thursday announcement.
Analysts say Bitcoin price pullbacks “will happen” and suggest that traders avoid impulsive trading.
Kraken announced on October 17 the launch of its wrapped Bitcoin kBTC, which is cross-network compatible and fully backed 1:1 by the top cryptocurrency. The tokenized BTC token will allow users to engage with it on decentralized applications (dApps), which is made possible through interoperability with blockchains like the OP Mainnet and Ethereum.
The cryptocurrency market showcased a compelling narrative of contrasting investor behavior. Bitcoin ETFs enjoyed a significant influx of capital, while Ethereum faced a decline in investor interest, revealing a pivotal shift in sentiment between these two leading digital assets.
Kraken has introduced a new wrapped Bitcoin product, kBTC, to tap into the rapidly expanding sector, according to an Oct. 17 statement. kBTC is a fully-backed, cross-network-compatible ERC-20 token representing Bitcoin.
Bitcoin (BTC), the world's largest cryptocurrency by market cap appears bearish and may experience a notable price decline in the coming hours or days. On October 18, 2024, BTC hinted at a potential price correction as it formed a bearish candlestick pattern at a strong resistance level.
Bitcoin is once again taking center stage in the financial world. Analysts are buzzing with optimism, predicting that the price of Bitcoin could reach new all-time highs (ATH) in the lead-up to the elections.
Bitcoin (BTC) enjoyed a 2.20% boost driven by rising spot demand, briefly touching $68,000 before settling at $67,000, according to Singapore-based digital asset trading firm QCP Capital. The firm highlighted strong options activity and inflows into exchange-traded funds (ETFs), with analysts pointing to a growing wave of optimism in the market.
Solv Protocol has introduced ‘SolvBTC.JUP', a new Liquid Staking Token that lets Bitcoin investors earn returns through Solana's decentralized finance ecosystem. Even though it is only in its pilot phase, SolvBTC.
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, Solo Ceesay of Calaxy reacts to bitcon's recent price action and what the U.S. election means for crypto prices.
Cryptocurrency markets are trading lower on Thursday, consolidating gains from earlier in the week. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $66,879.97 -1.3% Ethereum (CRYPTO: ETH) $2,583.46 -1.1% Solana (CRYPTO: SOL) $148.51 -3.8% Dogecoin (CRYPTO: DOGE) $0.1213 -4% Shiba Inu (CRYPTO: SHIB) $0.00001767 -5% Notable Statistics: IntoTheBlock data shows Bitcoin large transaction volume decreasing by 14.8% and daily active addresses falling by 20.1%.