Bitcoin (BTC) is still in an over six-month downtrend, displaying a shorter-term side action in what the market calls consolidation. Bulls and bears are fiercely disputing the narrative, while the price illustrates analysts' disagreement on the leading cryptocurrency's next move.
Bitcoin is up again Friday, but meme coins are blasting off with massive gains, led by one inspired by the viral baby hippo Moo Deng.
Crypto analysts say a daily close above $65,000 will confirm “bullish momentum,” but a possible reversal still can't be ruled out.
A newly filed lawsuit claims that Swan Bitcoin, a financial services company focused on bitcoin, is accusing former employees of trying to hijack its “billion-dollar bitcoin mining business.” According to the suit, Swan's subsidiary Electric Solidus alleges that Proton Management dubbed a “copycat company” in the filing, stole trade secrets from their mining operations.
Bitcoin continues to see a lot of momentum, as we have broken above the crucial $65,000 level during the past week. This of course is a very bullish sign, as the market continues to see a lot of money flowing back into the ETF.
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With Bitcoin (CRYPTO: BTC) breaking above $66,000, 10x Research predicts a swift move towards $70,000 and new all-time highs, fueled by stablecoin minting, monetary stimulus in China and renewed altcoin activity. What Happened: The 10x Research analysts led by Markus Thielen highlighted in their latest report that since the Federal Reserve's September rate cut, Bitcoin and Ethereum (CRYPTO: ETH) have surged 5% and 11%, respectively.
Bitcoin (BTC) has surged past the $66,000 mark, boosting investor confidence by the end of bearish September. This upward movement has revived hopes that BTC could soon break through the $70,000 level in its Uptober rally, a level it hasn't reached in nearly two months.
Buyers keep holding the initiative at the end of the week, according to CoinStats.
Bitcoin (BTC) surged past $66,000 on Friday, following the release of a softer-than-expected US Core PCE inflation report for August.
Bitcoin is extending its upward rally, surpassing the $66,000 mark on Friday and reaching an intra-day high of $66,200. The surge coincides with the global crypto market cap climbing to $2.29 trillion, reflecting a 24-hour gain of around 2%.
Bitcoin (CRYPTO: BTC) is up 2% to $66,300 in Friday's trading session, marking a gain of 14% over the last two weeks as Bitcoin spot ETFs reported the sixth consecutive day of positive fund flows on Thursday. What Happened: Leading the charge of the $365.57 million net inflow, Ark Invest and 21Shares‘ ETF (CBOE: ARKB) took in $114 million, while BlackRock‘s ETF (NASDAQ:IBIT) attracted $93.3755 million, according to data from SoSo Value.
Vocal Bitcoin evangelist and cofounder of MicroStrategy behemoth Michael Saylor has reacted to BTC recapturing the $65,000 level and then briefly touching $66,000.
Peter Brandt, a veteran trader widely known for his technical analysis, recently issued an important update regarding Bitcoin's ongoing price action.
Bitcoin prices continued climbing this week, reaching an intraday peak of $66,456 per unit at 10:35 a.m. ET on Friday, marking a 2.4% boost against the U.S. dollar today and a solid 5% gain over the past seven days. Bitcoin Jumps to $66,456 Following U.S. PCE Report On Friday, Sept.
The Kingdom of Bhutan continues to mine millions of dollars in bitcoin.
Bitcoin, the largest cryptocurrency asset has captured the attention of crypto enthusiasts as the coin is demonstrating bullish momentum to hit the $66,000 level. Despite this newfound upward strength, whale investors have resumed shorting BTC, triggering worries about a possible decline in price.
The sharp decline in Bitcoin exchange balances indicates expectations for a substantial price surge on the horizon.
Bitcoin's bullish break above $65K has ignited FOMO in the altcoin market as altseason anticipation rises, according to 10x Research CEO Markus Thielen.
TL;DR Approximately $7.7 billion worth of Bitcoin and Ethereum options expire today, which could create volatility in the market. The maximum pain point for Bitcoin is at $59,000 and for Ethereum at $2,500. Market volatility is expected to continue following a recent rally driven by Federal Reserve interest rate changes.
Bitcoin reaches $66K in its best September ever, driven by global economic factors and strong institutional demand. The post Bitcoin breaks $66K as it records its best September in history appeared first on Crypto Briefing.
According to 10x Research, Bitcoin may soon reach a new all-time high in Q4, which could potentially put an end to the recent volatile correction phase. 10x Research predicts that if Bitcoin surpasses the $65,000 mark, the bull market will resume, with the digital asset targeting $70,000.
Bitcoin's price has increased above the $66,000 mark, buoyed by positive inflation data, according to an analyst.
Bitcoin finally reached $65,000 after a long wait however, it does not look like BTC can sustain at this point. Since September 7 after bitcoin reached $53,900, it has been in a continuous rising mode and finally in two attempts breached the resistance at $65k.
A direct move to $66K without a retracement indicates robust market confidence, but also raises the stakes for potential volatility.
A $10 billion surge in stablecoin minting over the past weeks has flooded the crypto market with liquidity, Thielen noted.
Yesterday, Germany founded the Bitcoin Federal Association in the German Federal Parliament, the Bundestag.
According to CryptoQuant CEO Ki Young Ju, Bitcoin won all the "FUD" this year. FUD stands for fear, uncertainty and doubt.
As recently reported by Arkham Intelligence, BlackRock - the giant hedge fund with over $10 trillion in assets under management - bought more Bitcoin (BTC) this week than any ETF issuer has sold in the past three weeks. The purchases were made for BlackRock's own IBIT spot Bitcoin ETF and totaled the equivalent of $388.19 million over the past four days.
Samson Mow, an eager Bitcoin supporter and the chief executive officer at JAN3, responded to a bullish BTC tweet published by his former boss, BlockStream CEO Adam Back.
BlackRock manages more than any asset manager in the world and recently added 182 Bitcoin and 2.42K Ethereum to its cryptocurrency position. Now, all in all, it holds 357k BTC and 350k ETH.
BTC price activity gets market observers excited as Chinese stocks see their best week in sixteen years.
As Bitcoin (CRYPTO: BTC) marked its comeback above the $65,000 mark, technical analysts debate the chances of a brief dip before a resumption of the uptrend. What Happened: Pseudonymous analyst Emperor noted that Bitcoin has crossed the $65,000 mark and anticipates prices may stall temporarily due to the presence of the all-time high volume-weighted average price (VWAP), represented by a red line on the chart.
Here's the status of altcoin season as Bitcoin dominance faces key roadblock
Fund flow into Bitcoin (BTC) linked exchange-traded funds (ETFs) suggests US investors are bullish on the crypto. On Thursday alone, they poured $365 million into spot Bitcoin ETFs, pushing this week's total over $600 million.
Bitcoin is up 22% in the last three weeks as demand from U.S. investors gradually increased, pushing prices above pre-August crash levels.
The security exploit, which has been “handled,” saw Bedrock lose $2 million after an attacker was able to swap ETH for BTC like-for-like.
This means that the bank can officially hold and protect Bitcoin for its customers, making it one of the first major banks to provide this service. For people and companies who own Bitcoin, this is like having a safe place to store their digital assets.
Bitcoin's price is currently oscillating near $64,500, a key resistance level that has proven difficult to surpass. For over six months, a descending resistance line has been capping Bitcoin's upward momentum, and it still remains just under the $68,000 mark.
The cryptocurrency market surged Thursday, extending the rise sparked by the Federal Reserve's first interest rate cut in more than four years. The rally was spearheaded by popular dog-themed memecoin Shiba Inu, which spiked more than 20% in the last 24 hours, touching levels not seen since mid-June.
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According to Polymarket traders, Bitcoin (CRYPTO: BTC) is almost guaranteed to remain above $60,000 until the end of the month but even hitting $70,000 seems a possibility after the latest rally. What Happened: Polymarket traders assign a 97% chance of Bitcoin trading above $60,000 on noon of Oct.1.
Options on the IBIT spot bitcoin ETF changes how institutional investors might interact with the underlying asset, analysts say.
The Wall Street titan, the world's largest asset manager, now hold approximately 1.70% of the total available Bitcoin.
Ethereum is in turmoil as it reels from a 40-month low against Bitcoin. With these factors at play, smart investors are looking for the next best things. One of them is Rexas Finance, alongside Solana, and Dogecoin which are some of the most rewarding places to invest in the crypto space.
U.S. spot Bitcoin exchange-traded funds (ETFs) experienced substantial net inflows on Thursday, totaling $365.57 million, marking the largest daily inflow since late July.