Recent economic indicators hint that Bitcoin may be poised for a significant price surge. Following the latest U.S. jobs report, analysts are weighing the implications of potential Federal Reserve rate cuts on Bitcoin's trajectory.
Popular quant analyst PlanB says crypto whales are staying on the sidelines for now to await the results of a highly anticipated event. In a video update, the pseudonymous analyst tells his 179,000 YouTube subscribers that he believes Bitcoin (BTC) is in a bull market despite its choppy price action over the last eight months.
On October 4, the first inflows of the month were recorded for US spot Bitcoin exchange-traded funds (ETFs), marking a rebound after a $400 million drop in the initial three days of trading.
Bitcoin shows strength; demand rises, whales hold, upward price trend likely ahead.
Bitcoin hovers above $60K amid ETF outflows and Middle East unrest. US jobs data shows resilience, while oil price trends hint at market sentiment shifts.
Recent developments in the cryptocurrency market reveal a remarkable surge in spot Bitcoin exchange-traded fund (ETF) holdings. According to data from Glassnode, a leading blockchain intelligence platform, U.S. ETFs now hold about 4.6% of the total Bitcoin supply, which is valued at an astounding $58 billion.
A mysterious Bitcoin whale just moved $3.58 million worth of BTC to the Kraken exchange, according to Arkham Intelligence. What's behind this big move?
For over a decade, the identity of Satoshi Nakamoto, the anonymous creator of Bitcoin, has fueled rumors and speculation. An elusive figure, who revolutionized modern finance before mysteriously disappearing.
Bitcoin's price has recently experienced a decline following news of conflict in the Middle East. However, the market has seemingly found a footing.
As bitcoin enters Q4 2024, investors question if this cycle will break from past trends, driven by global adoption, institutional interest, and supply factors.
Lawrence Lepard, Managing Partner at Equity Management Associates, shared his views on the future of gold and Bitcoin amidst potential economic turmoil. In a recent discussion with Stephan Livera, Lepard speculated that we are approaching a pivotal moment he terms the “next big print,” which could trigger major price movements in both assets.
Ethereum (ETH), one of the most prominent cryptocurrencies in the market, has been navigating a challenging landscape in recent weeks. After a brief surge that saw its price cross the critical resistance level of $2,600, the digital asset quickly fell into a downturn, prompting analysts to reassess its near-term trajectory.
According to data from CoinMarketCap, Bitcoin currently hovers near the $62,000 price mark with no significant movement in the past day. Notably, the premier cryptocurrency has slipped into a minor consolidation state since the little gains recorded on Friday.
Bitcoin (BTC) is back in the fear zone, and for seasoned crypto investors, this shift in sentiment often signals a potential buying opportunity. The cryptocurrency market, known for its volatility, remains highly sensitive to global events, particularly when it comes to Bitcoin, the world's largest and most influential digital asset.
Bitcoin has been trading below short term holders' realized price of $63,000, risking a sell-off.
Following a major price decline in Bitcoin (BTC), market sentiment dropped back to strong levels of fear, indicating that investors are becoming increasingly cautious and risk-averse. Despite this trend, on-chain data analytics provider CryptoQuant has revealed a significant increase in BTC buying momentum, resulting in the Bitcoin balances on various exchanges dropping to six-year lows.
Ethereum, the second-largest cryptocurrency by market capitalization, experienced a significant price decline in recent days. However, while many regular investors have grown cautious, a group of large investors known as the “7 Siblings” saw this as a buying opportunity, acquiring 28,120 ETH worth $66 million amid the dip.
In contrast to popular bullish sentiments, Bitcoin began October on a bearish note, recording a price decline of over 7% in the first three days of the month. However, while the BTC market experienced an uptick on Friday as data from the US Labor Department indicated incoming rate cuts, investors have generally retained a cautionary approach.
Bitcoin wallet that has been inactive for over ten years has suddenly come back to life. This wallet, containing 100 Bitcoins (BTC), is now worth approximately $6.1 million—a staggering increase from its original value of just $83 back in 2014.
Bitcoin, which started the month on a negative note, has begun to regain some positive momentum and is up by 1.66% in the past 24 hours. This recovery comes amid renewed optimism in the crypto space, as traders and investors remain hopeful for a solid finish to the year.
Inflationary ETH and its performance against Bitcoin challenge the idea that Ethereum is money.
Bitcoin (BTC) is showing signs of resilience in the face of recent market fluctuations, with the price hovering around $61,361.60. According to recent analysis, the combination of robust demand in the United States and a technical indicator known as the “golden cross” may provide the support needed for a short-term recovery.
Peter Schiff, a prominent financial commentator and Bitcoin skeptic, has issued a stark warning: Bitcoin may have entered a bear market. With the cryptocurrency struggling to maintain its footing, Schiff's analysis highlights a troubling trend: Bitcoin's performance has significantly lagged behind that of gold.
The price of Bitcoin (BTC) experienced a steep decline in the past week, falling as low as $60,000 based on data from CoinMarketCap. However, the BTC market has made some recovery in the last day in line with positive jobs data news from the US.
Bitcoin (BTC) has managed to reclaim its footing above $61,000 after experiencing a tumultuous week marked by sharp declines. The leading cryptocurrency dipped below the crucial $60,000 threshold multiple times but has since surged back, igniting hope among investors.
Bitcoin's price is once again hovering near a key support level, leaving the market wondering: will it hold its ground or retreat to lower levels? The cryptocurrency briefly surpassed $61,000, raising hopes for further gains, but it remains dangerously close to the critical support at $60K.
Ethereum (ETH) whales' recent actions have gathered massive attention from crypto enthusiasts as they dumped a quarter billion worth of ETH in the past 24 hours.
The Bitcoin price having an outstanding Q4 to close the year 2024 has been one of the most prominent narratives in the cryptocurrency market in recent weeks. Interestingly, a popular blockchain firm has weighed in with unique on-chain insights into the BTC's price trajectory.
Bitcoin has been teetering on the brink of a bear market for the last three weeks. To keep Bitcoin price stable during the bull period, demand must increase.
The United States Office of Foreign Assets Control sanctioned the Tornado Cash mixer in 2022 — accusing it of facilitating money laundering.
Bitcoin (BTC) has once again found itself in the spotlight—not just for its recent price drop, but also due to the intriguing comments from prominent investor Michael Saylor. Known for his strong advocacy of Bitcoin, Saylor referred to the cryptocurrency as “lightning in a bottle.
Bullish Trend For Bitcoin An analyst has explained how the data of an on-chain indicator could indicate that a bullish trend is still on for Bitcoin despite the latest pullback. In a new post on X, CryptoQuant author Axel Adler Jr has talked about the latest trend in the Bitcoin Coinbase Flow Pulse.
According to data from CoinMarketCap, the price of Ethereum slipped by 10.23% over the last seven days in line with the general market negative movement. This crypto market downturn has been attributed to multiple factors including heightened geopolitical tensions in the Middle East and rising liquidations of long positions.
On October 4, US spot Bitcoin exchange-traded funds (ETFs) recorded their first inflow of the month, rebounding from outflows totaling $400 million in the initial three trading days.
Bitcoin might be about to crash expectations in October as on-chain data revealed a shift.
An analyst has explained how the data of an on-chain indicator could suggest a bullish trend is still on for Bitcoin despite the latest pullback.
Bitcoin (BTC) heads into the weekend, traders are preparing for what could be an unusually volatile period. Recent data reveals a significant kink in Bitcoin's implied volatility curve, indicating that traders expect larger price swings this Saturday, October 5.
The price of Bitcoin hasn't quite started the month as widely expected, falling to around the $60,000 mark on Thursday, October 3rd. This bearish pressure is believed to have been triggered by the escalating tension in the Middle East after Iran fired missiles into Israel.
Bitcoin's (BTC) price recently experienced a 7.8% decline, dropping to $60,000. However, as the king of cryptocurrencies recovers from this drawdown, support from a significant group of investors could push the price higher.
The following is a guest post by Rob Viglione, CEO of Horizen Labs. In the past year, there have been some major milestones along the Ethereum roadmap that have leveled up the network.
Business intelligence and software company MicroStrategy plans to advance its Bitcoin (BTC) acquisition strategy with a new position it plans to fill. The firm has put out a vacancy on LinkedIn to hire a Bitcoin Advocacy Manager.
A three-week trend of net positive weekly inflows has reversed after a week of weak performance by the US-based spot Bitcoin funds.
Geopolitical tensions have always played a pivotal role in shaping global markets, and Bitcoin's [BTC] price is no stranger to these influences. As tensions rise in the Middle East, investors are asking whether these developments could trigger a downturn for Bitcoin.
Ki Young Ju, the founder of the on-chain analytics platform CryptoQuant, revealed that Bitcoin whales are currently moving out of character in terms of profit-taking. These whales likely believe that the bull is far from over, which is why they haven't secured as much profit as they have done in previous bull runs.
Institutional demand for Bitcoin rises as US Spot Bitcoin ETFs now hold 4.6% of the total supply, valued at $58 billion, almost surpassing the holdings of the biggest BTC owner, Satoshi Nakamoto. This surge underscores institutional investors' preference for regulated investment options over direct crypto purchases.
Asset manager Bitwise has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to merge three bitcoin and ethereum futures exchange-traded funds (ETFs) into a single fund. This new fund will utilize a momentum-based strategy, targeting both bitcoin and ether futures.
Bitcoin (BTC) has faced a rough start to the historically bullish month of October, impacted by escalating geopolitical tensions in the Middle East. Despite this, bulls remain hopeful for a turnaround later in the month.