The demand for Ethereum has been somewhat lacking, to say the least.

Cryptocurrency Market Today: The US Consumer Price Index (CPI) has fallen to 2.4%, somewhat more than projected but lower than the previous 2.5%, suggesting small economic developments. This has altered market sentiment, resulting in a little shakeup in the bitcoin market. As inflation concerns linger, the cryptocurrency market's overall value has declined.

Bitcoin staking protocol Babylon has recently reopened for additional BTC deposits, and drew in about $1.5 billion worth of the flagship cryptocurrency shortly after doing so as investors rushed in to stake their coins in less than an hour and a half.

IREN, formerly known as Iris Energy, is facing a class-action lawsuit from investors who allege the cryptocurrency mining company misrepresented its high-performance computing (HPC) capabilities.

In a very short while from now, the US CPI rates are expected to be announced, which is believed to be lower than expected. This is further expected to revamp a strong ascending trend and rise above the monthly highs at $64,500.

The FED has been able to control the US inflation rates, which are dropping every month, displaying a bullish outlook for the crypto markets. The rates have been plunging almost since the start of the year, which has offered a strong boost to the crypto markets.

Bitcoin is currently navigating a crucial juncture as it seeks to maintain its Short-Term Holder (STH) cost basis following a notable 10% correction in the market. According to a recent report from blockchain analytics firm Glassnode, the STH cost basis currently stands at $62,500.

As Bitcoin struggles to maintain its valuation above $60,000, a market strategist has expressed his surprise regarding the asset's inability to trade at a record high despite operating in a favorable environment.

The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 10, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin has recently seen quite an interesting trend in its key metrics suggesting a significant movement ahead, according to a post by CryptoQuant analyst Amr Taha. The post, shared on the CryptoQuant QuickTake platform, highlights notable changes in both long-term and short-term holder behaviour of Bitcoin, as well as in realized profit and loss figures.

Bitcoin may face a short-term dip before resuming its bullish trend, according to analyst Cole Garner.

October holds many beliefs and superstitions within the cryptocurrency community.

The lawsuit claims that Iris Energy "knew or should have known" that its Childress County site in Texas was a poor fit for high-performance computing.

Real Vision's chief crypto analyst Jamie Coutts is saying that a major Bitcoin (BTC) metric is flashing a bullish signal. Coutts says that the number of active Bitcoin addresses is rising after a downtrend that lasted for eleven months.

The price of Bitcoin (BTC) has failed to target the next highs. It remains stuck in the $61,000 range as the consolidation period has persisted.

Bitcoin failed to hold above $62,000 as the crypto prices continued to battle sell-off pressure in a month that has historically been bullish. Several altcoins are however likely to mirror BTC's holding of support near $60k, including Tron (TRX), Worldcoin (WLD) and Decentraland (MANA).

The National Bank of Bahrain has made a groundbreaking move by launching the first bitcoin-linked structured investment product in the Gulf Cooperation Council (GCC). This innovation, developed with ARP Digital, highlights Bahrain's leadership in fintech while offering accredited investors a secure way to tap into bitcoin's long-term growth potential.

For many crypto investors, the long-term upside potential of Bitcoin is impossible to ignore.

"While these outflows are still relatively modest, they signal waning institutional support as bullish momentum fades,” an analyst said.

An anonymous Bitcoin (BTC) whale that has been active since 2009 has started to make some serious moves that could impact the cryptocurrency market. According to Arkham Intelligence, this early miner of Bitcoin, which began mining just five days after the first block was produced in 2009, has already sold $4.8 million worth of BTC and continues to unload more.

The bitcoin options market is reflecting heightened expectations of significant price swings around the U.S. election.

With the US Consumer Price Index (CPI) set to release September data at 8:30 am ET, investors expect heightened volatility. The September US inflation data will set the stage for the Federal Reserve's upcoming interest rate decision and impact risk-on assets like Bitcoin, Ethereum, stock markets, etc.

Bitcoin (BTC) slipped below $61,000 earlier today and is down almost 3% over the past 24 hours as it struggles to maintain its position above $60,000. According to analytics firm Santiment, the crypto market has turned bearish, which has impacted several assets, including BTC, Ethereum (ETH), Solana (SOL), and Ripple (XRP).

Bitcoin failed to break the $66,000 resistance even though the double bottom pattern was completed. This shows how much bearish sentiment is filled in the market even when we are in the most bullish month for btc.

Analysts are warning "something's got to give" as bitcoin price sentiment plummets into "fear" territory

Bitcoin's price continues to capture the attention of traders and investors alike as the cryptocurrency remains in a tight battle between bullish and bearish forces. While short-term price fluctuations offer some relief for traders, Bitcoin's recent movements suggest that the market lacks clear direction.

Top crypto hardware wallet provider Ledger recently launched a limited promo, offering up to $50 in BTC when buying a Ledger Nano S Plus, Nano X, or Ledger Flex hardware wallet. The ongoing promotion lasts from October 8th, 4 pm CET to October 16th, 9 am CET.

Lately, the price of Bitcoin has been fluctuating due to overall market turbulence, causing broader fear and uncertainty within the general crypto landscape. Considering the current trend of several indicators, the digital asset could be poised for more volatility in the upcoming days.

Bitcoin experienced another graphic drop in the middle of last evening, temporarily bringing its price close to $60,000.

With the recent crash under $61,000, the BTC price warns of a bearish continuation in the coming weeks. The growing bearishness in the crypto market warns of a canceled Uptober rally this year.

With no accompanying price movement, Bitcoin's open interest (OI) has recently surged, leaving many market participants confused. Rising open interest typically indicates increased market participation.

XRP faces a bearish outlook in both the BTC and USD pairs, with technical breakdowns suggesting a 25% drop against Bitcoin and a 15% decline versus the dollar by the end of 2024.

A hotter-than-expected U.S. inflation report would weaken the case for Fed rate cuts.

A widely followed cryptocurrency analyst and trader is leaning bullish on Bitcoin (BTC) while offering his outlook on three altcoins.

Bitcoin's price consolidates around $60,000 amid market uncertainty, with experts anticipating a significant move influenced by potential Fed rate cuts and US government Bitcoin sales.

The Irish Criminal Assets Bureau (CAB) is facing significant challenges in accessing €350 million or approximately $383 million in Bitcoin (BTC) seized from a former drug dealer.

Bitcoin ETFs have seen a significant surge in inflows, reaching $235.2 million on October 8, 2024, while Ethereum ETFs experience stagnation, highlighting diverging investor sentiment in the cryptocurrency market.

Nerves are jangling once again among Bitcoin investors as $BTC plummets $4,200 over the last 3 days. Price is holding above $60,000 currently.

Bitcoin price has dropped sharply, falling from $62,500 to around $60,900, as market sentiment shifts.

Matt Hougan, CIO di Bitwise, made a bold prediction: the price of Bitcoin could reach $80,000 by the end of 2024.

Uniswap's native token has defied the broader market sentiment, with a 6.5% daily increase.

Upbit is the largest crypto exchange in the Asian financial superpower of South Korea. The crypto exchange supports 214 coins and 372 trading pairs. It has nearly 5.72M monthly visits and a 24-hour trading volume of $1,184,877,458. In the last 24 hours, the exchange has experienced a 5.6% drop in its trading volume.

Options on Bitcoin (BTC) ETFs will finally go live in the US by early 2025, according to Bloomberg Intelligence analyst James Seyffart.

U.S. spot Bitcoin exchange-traded funds recorded their second consecutive day of net outflows on Oct. 9, with $30.59 million exiting the funds.

The cryptocurrency market shows signs of an incoming correction hours before the U.S. Consumer Price Index report is released. The global crypto market capitalization declined 3.3% in the past 24 hours, sitting at $2.22 trillion, per data from CoinGecko.

Despite the long-term prosperity of Bitcoin and the entire crypto industry, on-chain data shows more whale investors have been offloading their holdings.

Bitcoin faces a volatile trip among shifting liquidity conditions, with bulls getting squeezed first, new BTC price analysis predicts.