The justices declined to hear the case regarding 69,370 Bitcoins linked to the dark web marketplace Silk Road, clearing the path for their liquidation by the US government.

Bitcoin, the leading cryptocurrency, has had a rocky start to October, dropping 5.41% over the past week. This decline has raised eyebrows among traders and investors, especially since October is often seen as a month of gains for cryptocurrencies.

Bitcoin experiences a 10% pullback due to aggressive spot selling and geopolitical tensions, with market uncertainty persisting despite a recent rebound.

JPMorgan analysts are showing optimism as bitcoin exhibits strong upward trends moving into the fourth quarter. They highlighted October's historically positive returns for the cryptocurrency and suggested this trend could persist. “We continue to see the crypto ecosystem being incrementally more sensitive to macro factors,” the analysts noted.

To set the stage, it's important to recap the market's performance over the weekend. Bitcoin, the leading cryptocurrency, rebounded impressively, reaching a peak of $63,900—its highest level in over a week.

The cryptocurrency market is experiencing notable turbulence as Bitcoin's realized price encounters significant challenges. Recent data indicates a concerning shift among investors, with long-term Bitcoin holders slashing their positions by a staggering $6 billion.

The Central American country has been slammed for its unorthodox ways—but foreign investors are bullish, it seems.

America is balancing a weakening dollar against an asset with the potential to address many of the financial issues that face a squeezed middle class.

NBB issues the first Bitcoin investment product in Bahrain and GCC.

Supreme Court allows US to sell 69,370 Bitcoin seized from Silk Road, setting up a $4.4 billion Bitcoin auction. The post Supreme Court clears path for US to sell $4.4 billion in seized Silk Road Bitcoin appeared first on Crypto Briefing.

Institutional investors are marginally reducing the size of their short exposure to Bitcoin, which can be considered a positive change in the market. Data from CryptoQuant shows that institutional short positions on Bitcoin Futures have been declining, which could signal potential price support for the crypto asset.

Bahrain is part of the Gulf Cooperation Council (GCC) region. The investment fund is structured to provide authorized investors exposure to Bitcoin.

Bitcoin struggles to overcome the $64,000 resistance as investors choose to invest in stocks and seek shelter in cash options amid socio-political uncertainty.

There have been many theories about the pseudonymous creator of Bitcoin, but does it matter if the world knows who Satoshi really is?

Bitcoin has recently surpassed $63,000, and both Ethereum and XRP are showing promising signs of upward movement. Investors are closely monitoring these key cryptocurrencies as they navigate the market's dynamics.

Bitcoin's (BTC) nearly 10% drawdown last week was a “healthy realignment” that reduced the risks of abrupt price swings in the coming days, according to the latest “Bitfinex Alpha” report. The pullback, ignited by escalating tensions in the Middle East, briefly took BTC below the $60,000 level before the market stabilized.

Bitcoin (BTC) has been showing remarkable resilience in recent days after a sharp drop triggered by geopolitical tensions between Israel and Iran. Currently trading around $62,000, Bitcoin appears to have formed a local bottom, which could set the stage for a potential upward trend.

Chris Woods, the chief strategist at investment banking firm Jefferies, has disclosed that the firm keeps 5% of its allocation in Bitcoin through exposure to VanEck spot Bitcoin exchange-traded fund (ETF) HODL.

The U.S. government now appears free to sell 69,370 Bitcoin that it seized from a Silk Road-affiliated wallet.

Inflows into multi-asset products reached $29 million, marking the 16th week in a row of continued gains.

During mid-cycle breaks, memecoins often outperform Bitcoin in daily gains, raising the odds of a potential takeover.

NEAR, UNI and APT led crypto gains, while bitcoin (BTC) faded after pushing through $64,000 earlier in the day.

The International Monetary Fund (IMF) has recently called on El Salvador to take decisive action regarding its bitcoin legislation, urging the government to tighten regulations and enhance oversight of the cryptocurrency. This advisory is part of ongoing dialogues surrounding the nation's economic reform efforts, which are critical for safeguarding its financial stability in a rapidly evolving economic landscape.

Bitcoin is a deflationary asset with a fixed supply, unlike Ethereum, whose supply increases or decreases yearly depending on network use. There will be only 21 million BTC in circulation, and a decent portion, exceeding 4 million, is irrecoverable.

A widely followed crypto trader is predicting that two altcoins will rally to fresh all-time highs while updating his outlook on Bitcoin (BTC) and cross-chain protocol Wormhole (W).

The Bitcoin investment fund is designed for institutional investors and will offer exposure to BTC gains capped at a predefined threshold, with 100% loss protection on the downside.

Cryptocurrency markets are trading relatively flat but clinging to the green zone. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $63,031 +0.5% Ethereum (CRYPTO: ETH) $2,432 -0.7% Solana (CRYPTO: SOL) $145.8 -0.02% Dogecoin (CRYPTO: DOGE) $0.11 -1.2% Shiba Inu (CRYPTO: SHIB) $0.00001778 -2.5% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 36% and daily active addresses inching higher by 0.3%.

Recently, the legendary venture capitalist Tim Draper shared his thoughts on the changing world of crypto. Asserting that “Bitcoin is here to stay,” he criticized the SEC for clinging to outdated regulations that hinder crypto innovation.

Several altcoins, including Dogwifhat, Worldcoin, and Zcash, posted gains, as Bitcoin eyes the critical resistance near $64K.

Ward Roddam, the Mayor of Rockdale, Texas, has highlighted Bitcoin's crucial role in revitalizing the town's economy. In an Oct. 7 op-ed, Roddam explained that the world is nearing a new economic era driven by what he calls the “digital energy boom,” largely fueled by Bitcoin.

Bitcoin has been navigating a turbulent landscape of volatility and erratic price action since the Federal Reserve announced an interest rate cut 20 days ago. This pivotal moment has left analysts and investors on edge, with many anticipating a significant rally for BTC in the coming weeks.

JPMorgan analysts identified several key catalysts that could shape the cryptocurrency market in the coming months, highlighting a mix of seasonal trends, macroeconomic factors and technological developments. What Happened: The analysts pointed to the historical “Uptober” trend, noting that over 70% of Octobers yielded positive returns for Bitcoin (CRYPTO: BTC), The Block reported on Monday.

Bitcoin miners were left to assess their performance amid the ever-changing landscape of the cryptocurrency market. Reports show that while some companies expanded their operations and improved efficiency, others struggled to keep pace with rising challenges.

The International Monetary Fund (IMF) has advised El Salvador to reform the country's rules on Bitcoin (BTC) as an official currency. During a press briefing, IMF spokesperson Julie Kozack says the agency is in ongoing engagement with El Salvador on policies that can boost productivity and economic governance.

There have been several bullish Bitcoin news these past few days. However, a recent Supreme Court ruling could dampen the mood as the US government has gotten the clear to proceed with selling 69,370 BTC associated with the Silk Road marketplace.

Trump would allow a friendly regulatory environment for Bitcoiners to thrive in.

Bitcoin (BTC) continued to show strength this week, following a robust start to the week that saw its market value climb to a high of $63,700 on Monday. Interestingly, this growth comes despite major exchanges such as Binance and BitMEX seeing heavy shorting of Bitcoin since Saturday.

Bitcoin price opened the week with a bang as altcoins and stocks turned green, but $65,000 to $66,500 remains a tall hurdle for BTC to overcome.

The forecasted $65+/-1 and $61+/-1K high and low, respectively, were reached. This means BTC must hold above the September 6 low and break above the September 27 high to target $74-76K.

Bitcoin's hashrate has been climbing steadily, closing in on its peak of 693 exahash per second (EH/s) recorded on Sept. 8. At present, it's cruising just shy of that record, clocking in at 680 EH/s. Block times have been quicker than the typical ten-minute average, and as we approach Oct.

Bitcoin (BTC) kicked off October on a rather subdued note, surging approximately 2% on Monday to $63,718. Despite this decline, the cryptocurrency has demonstrated solid performance over the past month, recording a growth of around 10%.

Rising volumes and price gains suggest traders could be buying into several narratives that could drive prices.

Despite Bitcoin's (BTC) price increase in the last 24 hours, key market indicators are flashing caution, suggesting that the coin may face significant hurdles in reaching the $70,000 mark. This development is contrary to the expectations investors have about the coin this month.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

Fold, a Bitcoin financial services company, has filed an S-4 with the SEC as it prepares to go public as it currently holds over 1,000 Bitcoins in its corporate treasury. The company operates a cashback debit card and allows users to purchase or sell Bitcoin directly via their accounts, making it a minor rival to

10x Research CEO Markus Thielen reinforced anticipations for an “Uptober” on October 6, dismissing fears surrounding geopolitical tensions as “unlikely” to derail Bitcoin's recent momentum.

Bitcoin's rally above $64,000 reinforced a recently established trend change and “locked in” a bullish pattern of higher price lows.