Prominent trader Peter Brandt has once again captured the market's attention with his insights on Bitcoin's recent price trajectory. As Bitcoin navigates a turbulent market, Brandt underscores the necessity for bulls to reclaim the pivotal $71,000 level to resume a bullish trend.
Bitcoin has recently faced a 10% correction since last Friday, but it is now holding above a crucial support level that could pave the way for a price rally. Analysts and investors eagerly watch the market, hoping BTC will regain momentum.
Bitcoin (BTC) is on a trajectory that suggests higher prices in the near future, driven by a notable increase in global liquidity and favorable macroeconomic trends. With liquidity rising by 0.92% to $132.8 trillion—marking its highest levels since early 2022—Bitcoin stands to benefit significantly from these developments.
The cryptocurrency market experienced a significant shift as spot Bitcoin exchange-traded funds (ETFs) recorded $242.6 million in outflows. This marked the end of an impressive eight-day inflow streak that had seen these funds accumulate $1.42 billion.
Argentina's Vice President Victoria Villarruel says she spoke to El Salvador President Nayib Bukele “about Bitcoin (BTC)” during the latter's visit to Buenos Aires.
On October 1st, the entire U.S. Bitcoin ETF market faced a brutal reality. Not a single ETF made a Bitcoin purchase — except for BlackRock.
Bitcoin crowd sentiment remains bullish after an impressive September but short-term sell pressure is taking precedence according to the data.
Arthur Hayes expressed strong confidence that Bitcoin could potentially reach a new all-time high this October. Read to know why!
Trillion-dollar asset manager Franklin Templeton has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to launch a Bitcoin and Ethereum index exchange-traded fund (ETF). The fund, named the Franklin Templeton Bitcoin & Ethereum Crypto Index ETF, seeks to provide investors with combined exposure to both Bitcoin and Ethereum, two of the largest
Bitcoin price has faced continuous downward pressure, staying below the critical $60,250 level and hitting an intra-day low of $60,087. The general cryptocurrency market has become uneasy due to the rising geopolitical tensions between Israel and Iran, which are primarily to blame for this decline.
Bitcoin is navigating a pivotal moment after experiencing a 5% dip from its recent local highs of around $66,500. The broader crypto market is currently in a state of flux, yet investor sentiment remains buoyant regarding future performance.
A high-profile whale had to close $120M in positions on Hyperliquid, incurring significant costs and funding fees. BTC slid to $60,000 after over-leveraged longs were attacked.
Open interest (OI) in Bitcoin has skyrocketed, surpassing $35 billion. Additional Middle East escalation may send prices down to as low as 55,000.
Franklin Templeton has submitted a Crypto ETF proposal to the SEC, aiming to offer combined exposure to Bitcoin and Ethereum. The post Franklin Templeton submits Bitcoin & Ethereum index ETF proposal to SEC appeared first on Crypto Briefing.
U.S. spot Bitcoin ETFs saw outflows of about $243 million, marking the largest withdrawal in almost a month. This shift comes after an eight-day streak of inflows, which had totaled approximately $1.4 billion.
Bitcoin traders maintain a neutral sentiment despite the uptick in geopolitical tension and uncertainty within world markets.
In a recent episode of the Unchained Podcast, Democratic Representative Ro Khanna said US government should keep seized Bitcoin as a strategic reserve asset. Support for a strategic Bitcoin reserve is now bipartisan.
Bitcoin has taken a hit as rising tensions between Israel and Iran have led to heightened market uncertainty. As the conflict escalates, Bitcoin's price has dropped by 3.16%, settling around $61,715, with major altcoins like Ethereum down as much as 10%.
New data from the crypto market analytics firm Kaiko Research indicates traders are placing big bets that Bitcoin (BTC) will have a strong October.
Crypto whales are aggressively accumulating Bitcoin (BTC) in an unprecedented manner, according to the CEO of a prominent analytics firm. CryptoQuant CEO Ki Young Ju tells his 363,000 followers on the social media platform X that the market hasn't seen the current behavior from whales.
Cryptocurrency markets are trading lower as markets continue to cope with geopolitical uncertainty. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $60,836 -1.6% Ethereum (CRYPTO: ETH) $2,393 -4% Solana (CRYPTO: SOL) $140.87 -4% Dogecoin (CRYPTO: DOGE) $0.1034 -3.4% Shiba Inu (CRYPTO: SHIB) $0.00001617 -0.4% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 12% and daily active addresses increasing by 17.6%.
Bitcoin's price is currently retesting its "Bull Market Support Band" trend indicator, where prices often rebounded from pullbacks during uptrends.
Bipartisan support builds for a U.S. strategic Bitcoin reserve as Senators Lummis and Khanna back Bitcoins potential as a national asset. The post Congressman Khanna backs Bitcoin strategic reserve as Democrats seek a ‘crypto reset' appeared first on Crypto Briefing.
On-chain analytics provider Spot On Chain highlighted a Bitcoin (CRYPTO: BTC) whale's activity as the apex crypto is trying to hold on to the $62,000 mark. What Happened: The platform reported that the Bitcoin whale deposited on a centralized exchange as the market dropped amid escalating geopolitical tensions The whale had reportedly accumulated a net 3,933 BTC (worth $234 million) from Binance between Aug. 29 and Sep. 15.
In a report by Glassnode and researchers Cryptovizart and Ukuria OC, bitcoin has reclaimed a key short-term cost basis after the Federal Reserve's recent interest rate cut. This recovery signals the potential for further price momentum, although broader market conditions remain cautious.
Bitcoin has seen a retracement from the $66,000 level, but that does not mean that the bullishness of the pioneer cryptocurrency is completely gone. It is currently sitting around 4% below $66,000, which still makes its $63,000 level very attractive for bulls.
The Bitcoin price could drop to as low as $57,000, according to a recent prediction by popular analyst Justin Bennett. Israel's imminent attack against Iran could be what leads to this price decline, considering how the flagship crypto dropped to $60,000 following Iran's missile attacks against Israel.
Bitcoin (BTC) is showing signs of renewed optimism as several key indicators have turned positive, according to a well-known on-chain analyst. The pseudonymous analyst, Checkmate, who has garnered a following of over 98,000 on the social media platform X (formerly Twitter), has shared insights suggesting that Bitcoin's market momentum is stabilizing.
The head of digital assets at BlackRock, Robert Mitchnick, is reportedly saying that the spot Ethereum (ETH) exchange-traded fund (ETF) launched earlier this year by the global investment giant has attracted a lower volume of inflows relative to a similar Bitcoin (BTC) product.
Crypto has its worst start to October since 2013.
History favors Bitcoin's price prospects for Q4, but CryptoQuant analysts caution that a consistent uptick in demand will be a critical component.
Bitcoin's price took a sharp dive, shedding nearly $4,000 in just under 24 hours as tensions in the Middle East flared up following a missile strike by Iran on Israel on October 1st. The sudden price drop saw Bitcoin plummet from over $64,000 to a low of $60,000 before stabilizing around $61,700 during early Wednesday trading in Asia.
The price of Bitcoin has plunged over the last 24-hour period amid rising geopolitical tensions, to now trade around $61,000 after losing nearly 7% of its value. The drop- however, may be a temporary setback, as a cryptocurrency analyst has recently pointed to a potential surge to $90,000 this year.
Altcoin prices crumbled as Bitcoin fell to $60,000, but charts suggest buyers could step in soon.
Following a 5% drop on Tuesday, Bitcoin (CRYPTO: BTC) is down 0.3% to $61,680 on Wednesday afternoon, with analysts cautioning traders about potential further downside if key support levels don't hold. What Happened: Alex Kuptsikevich, senior market analyst at FxPro said a technical factor added to the selling: the day before, BTCUSD had fallen below its 200-day moving average, reinforcing the exit of ‘weak hands' from the asset.
TL;DR Bitcoin has reached a new technical high of $66,000, marking a significant change in its recovery, supported by record on-chain metrics. The similarities in BTC's performance with previous cycles suggest a comparable pattern, despite differing market conditions. The profitability of short-term holders has improved, and 47.
MicroStrategy (NASDAQ: MSTR) has become one way many investors have found to get into Bitcoin (CRYPTO: BTC). Looking at the returns of the two over the past three years, investing in MicroStrategy has been far superior to investing in Bitcoin.
The past few days have been turbulent for Bitcoin (BTC), with the leading cryptocurrency experiencing a decline of roughly 8% since September 29.
Despite Bitcoin's plunge below $63,000 due to Middle East tensions, W, CFX, and OM surged, bucking the broader market trend.
What underlying events triggered the sudden outflows from Bitcoin and Ethereum ETFs?
As we ring the curtain down on Q3, uncertainty surrounds Bitcoin's prospects of reaching six figures in this cycle. However, according to one crypto mining executive, BTC hitting fresh historic highs remains within reach.
Immediately following an escalation of tensions in the Middle East, the price of Bitcoin fell by approximately $4,000 on Oct. 1.
Bitcoin's demand has shown signs of stabilization, but a more significant uptick is required in Q4 to support higher prices, analysts said.
Tesla's Bitcoin investments have seen a dramatic turnaround, with its holdings increasing by roughly 220% since its last major sale.
Argentine Vice President and Senate President Victoria Villarruel held a private meeting about Bitcoin with El Salvador's President, Nayib Bukele, during the second days of his first official visit to Argentina.
As tensions in the Middle East intensify, Bitcoin ETFs face an unprecedented capital flight. This phenomenon, which manifested through massive outflows, has left investors in shock, reversing a bullish trend that seemed promising.
Cryptocurrency experts are advising traders to remain vigilant and potentially reduce their long positions if Bitcoin (CRYPTO: BTC) trades below a critical support level amid conflicting signals in the broader economic landscape. What Happened: According to the latest 10x Research report, the crucial level to watch is the 21-week moving average, currently sitting at $60,918.