Bitcoin retakes $65K, driven by whale accumulation and ETF demand. US economic data supports a soft-landing, fueling bullish sentiment in BTC markets.
Ethereum price is eyeing a fresh increase like Bitcoin. ETH must surpass $2,665 to continue higher and trade to a new high in the near term.
Renowned economist Peter Schiff mocked Bitcoin (CRYPTO: BTC) investors for their indifference toward the leading cryptocurrency's declining value against gold, despite the disproportionate media attention. What Happened: On Thursday, Schiff questioned Bitcoin enthusiasts on X about the worrying trend.
Bitcoin continues to fluctuate around $63,747, traders are becoming increasingly aware of the risks associated with liquidation of long and short positions in the cryptocurrency market. Current data indicates that long positions are particularly vulnerable, facing significant liquidation risks if the price drops below $62,000.
Spot Bitcoin ETFs in the U.S. saw net inflows of $272.3 million on September 26, extending a six-day streak that totalled over $500 million, led by the ARK 21Shares Bitcoin ETF with $113.8 million.
Coinbase, one of the largest crypto exchanges available to U.S. investors, tends to see a high Bitcoin premium during a bull run.
Based on historical trend patterns, a crypto analyst has forecasted that Bitcoin could hit a staggering peak of $400,000. This ambitious price target would require Bitcoin to jump over 6X its current price, marking a historical milestone, as the cryptocurrency's market capitalization would surpass $7 trillion.
Bitcoin (BTC) continues to trade near the $64,000 level, with Wednesday's price movements showing only a modest 0.3% increase to $63,850. Despite this apparent hesitation, there are strong indications that Bitcoin could soon break above this threshold, as bullish sentiment continues to rise across the market.
Bitcoin price started a fresh increase above the $64,750 resistance. BTC is now consolidating near $65,000 and might remain supported.
Leading cryptocurrencies pumped Thursday, aided by favorable economic data, and sharp inflows in spot exchange-traded funds (ETFs). Cryptocurrency Gains +/- Price (Recorded at 9:15 p.m.
Bitcoin ETFs have now accumulated about 83% of Satoshi's holdings. Can it surpass Satoshi Nakamoto by year-end?
Bitcoin prices rallied today, rising to their highest since July as a combination of global macroeconomic developments caused gains in risk-on assets.
Swan Bitcoin has accused several former employees of “stealing the crown jewels” from its Bitcoin mining business to create a “counterfeit competitor.”
Bitcoin (BTC) prices hover near the significant threshold of $63,676, a striking trend has emerged in the market: Bitcoin sell-side risk has fallen to its lowest level in 2024. This decline occurs just $10,000 below the cryptocurrency's all-time high, indicating a notable shift in market sentiment among holders.
The cryptocurrency market is abuzz with speculation following a series of mysterious Bitcoin transactions totaling $1 billion. Over the past few days, large amounts of Bitcoin, transferred in batches of 2,000 BTC, have been sent from unknown wallets to new addresses, leaving investors and analysts wondering what this could mean for the future of digital currencies.
As Bitcoin matures into an institutional force, the next plank is nation-state adoption. A new book, National Security in The Digital Age, covers the ramifications.
As it looks to break out of its ongoing bearish trend, Ethereum is at a pivotal point on the market. Lately, ETH has surged past a number of notable resistance levels, indicating strength and positivity among traders.
A widely followed crypto analyst believes that Bitcoin (BTC) may go on a massive rally and hit six figures after the US presidential election. Pseudonymous crypto trader Kaleo tells his 649,500 followers on the social media platform X that Bitcoin may repeat an end-of-the-year pattern from 2023 and print fresh all-time highs (ATHs).
Bitcoin (BTC) navigates a challenging market, traders are closely observing recent developments that may indicate a shift in momentum. The cryptocurrency has shown a notable golden cross on its exponential moving averages (EMAs), which could lead to bullish action if certain resistance levels are breached.
The cryptocurrency market is experiencing increased fluctuations as Bitcoin inches closer to a psychological threshold of $70,000.
El Salvador, a nation that has embraced Bitcoin as a cornerstone of its economic strategy, has achieved a remarkable milestone: it is now ranked as the 8th safest country in the world. This transformation is largely attributed to the policies implemented by President Nayib Bukele, who has taken a firm stand against crime and violence in the country.
Bitcoin price is back above a key resistance level, but are there sufficient bullish catalysts to sustain the current rally?
Swan Bitcoin's mining arm is suing its former employees for allegedly stealing the “crown jewels” of its billion-dollar Bitcoin mining business to power a “copycat” firm.
SEC's Gensler suggests BNY Mellon's crypto custody model might expand to include a wider range of digital assets. The post Gensler suggests BNY Mellon's crypto custody model could expand beyond Bitcoin and Ether ETFs appeared first on Crypto Briefing.
Bitcoin (BTC) is currently testing a key resistance level at $65,000 that is “pivotal” to market sentiment, according to a recent report published by Kraken on Sept. 26. The report noted that Bitcoin has reclaimed all its major moving averages, which could lead to continued bullish momentum in the coming days.
Here's the top trending stories in crypto in the past 48 hours
For the past five days, the Bitcoin price has remained locked in a narrow range between $62,000 and $64,000, following a surge of bullish sentiment triggered by the US Federal Reserve's (Fed) decision to cut interest rates on September 18. This pivotal move by the Fed has sparked optimism among investors.
Bitcoin's strong rally puts it in a “good position” where the 200-MA and $65,000 level could potentially serve as a new level of support.
According to CryptoQuant founder Ki Young Ju, Chinese mining pools control 55% of the network hashrate, while US mining pools control 40%.
US Securities and Exchange Commission (SEC) Chair Gary Gensler reiterated that Bitcoin is not classified as a security, providing a critical clarification amid ongoing regulatory scrutiny of the cryptocurrency industry. Speaking in an interview on CNBC's Squawk Box on Sept.
A recent research report by Sam Callahan, commissioned by Lyn Alden, explores the strong correlation between Bitcoin's price and global liquidity. Sam Callahan is a prominent figure in cryptocurrency, particularly known for his expertise in Bitcoin.
Cryptocurrency markets are spiking, with Bitcoin reaching its highest level since early August. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $65,048 +3% Ethereum (CRYPTO: ETH) $2,653 +2.8% Solana (CRYPTO: SOL) $156.58 +4% Dogecoin (CRYPTO: DOGE) $0.1183 +7.8% Shiba Inu (CRYPTO: SHIB) $0.00001841 +18.3% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 2.1% and daily active addresses falling by 4%.
The price of Bitcoin has been a heated issue recently since different financial institutions project different future images of it. Bitcoin is valued about $63,000 as of September 26, 2024; it shows some consistency following previous swings.
Pseudonymous veteran trader DonAlt is cautious about the prospects of Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) but remains bullish on their near-term future. What Happened: In the latest episode of the Technical Roundup podcast, DonAlt said that Ethereum has been underperforming Bitcoin significantly but hasn't completely “washed out” yet.
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, Andy Baehr of CoinDesk Indices discusses the catalysts behind bitcoin's recent rally and the rate of adoption of digital assets among institutions.
Global liquidity injections and low interest rates could drive Bitcoin to new highs, but inflation and economic instability pose significant risks. The post Bitcoin eyes new high as China joins Fed with pandemic-level stimulus appeared first on Crypto Briefing.
Since Bitcoin broke above $60,000, Funding Rates have spiked, and have been predominantly positive.
For the first time in nearly two months, Bitcoin (BTC) has surpassed the $65,000 mark, marking a significant recovery following two notable downturns in August and September. During these crashes, Bitcoin experienced a steep decline of 20% on two separate occasions, specifically on August 5 and September 6.
The co-founder of the original memecoin is calling out Gary Gensler after the U.S. Securities and Exchange Commission (SEC) chair said Bitcoin (BTC) is not a security. In a new interview with CNBC, SEC chair Gensler states clearly that BTC is not a security.
Bitcoin (BTC) moves in sync with global liquidity 83% of the time, surpassing all other major asset classes, according to a report by venture capitalist Lyn Alden.
Long-time crypto bull Anthony Pompliano is predicting Bitcoin (BTC) will soar over the coming months due to one main factor.
Core's TVL has jumped from near-zero in early 2024 to its current position, taking the top spot over other Bitcoin L2 solutions like Rootstock and Bitlayer.
A crypto analyst has just confirmed an impending Bitcoin (BTC) crash, pointing to the formation of a bearish descending triangle formation on the cryptocurrency's price chart. With Bitcoin's price holding strong above the $60,000 mark, the key question now is how low this anticipated downturn is.
Bitcoin, Shiba Inu and Cardano are 3 of the cryptocurrencies with the highest demand in the market today. Although they are very different from each other, they are all going through a moment of great growth and development that have allowed massive adoption.
Bitdeer Technologies Group has successfully completed prototype testing for its SEAL02 bitcoin mining chip, marking a pivotal advancement in the company's technological development. The chip exhibited a power efficiency ratio of 13.5 joules per terahash (J/T) when operated in low-voltage mode, a key achievement in Bitdeer's roadmap. Bitdeer's SEAL02 Chip Achieves 13.
Bitcoin is booming today, but Friday will bring billions in expiring options contracts that could trigger market volatility.