Memecoins created on the Solana (CRYPTO: SOL) blockchain withstood the overall market drop on Monday to post encouraging gains. What happened: Dog-themed Bonk emerged as the best-performing billion-dollar capitalization meme coin in the last 24 hours and the third-best cryptocurrency overall, surging over 8%.
Bitcoin (BTC) reached a two-month high of $66,500 last Friday, fueled by fresh market liquidity and renewed investor confidence in risk assets following the US Federal Reserve's (Fed) interest rate cut on September 18. However, one analyst predicts that the cryptocurrency's market capitalization and price could grow significantly in the coming years if the current bullish trends continue.
Bitcoin slips to $63K as ETF outflows and Fed rate uncertainty dampen demand. Market sentiment shifts amid weak BTC-spot ETF performance and Powell's remarks.
Ethereum price is correcting gains below the $2,650 resistance. ETH is now trading near the $2,600 support and might face many hurdles.
iShares Ethereum Trust ETF has underperformed compared to its highly successful Bitcoin ETF.
Bitcoin price started a fresh decline below the $65,000 level. BTC is now testing the $62,850 support zone and might start another increase.
Bitcoin has seen an uptick in price enough to recover from the losses in value from August. So far, the asset has surged by nearly 10% in the past two weeks alone, registering a 24-hour high of $66,000 earlier today, although BTC has now seen a slight retracement, currently trading at $63,508.
Leading cryptocurrencies retraced Monday as geopolitical tensions escalated after Israel launched a military operation in Lebanon.
BlackRock's commitment to educating investors on Ethereum could drive long-term growth and broader acceptance of digital asset ETFs. The post BlackRock sees potential in spot Ethereum ETF, despite slower uptake compared to Bitcoin appeared first on Crypto Briefing.
A wallet linked to Vitalik Buterin deposited 649 Ethereum worth $1.72 million to Paxos.
Ethereum co-founder Vitalik Buterin has stirred discussions within the crypto community by advocating for a concept he calls “Ethereum Alignment.” This initiative seeks to unify the diverse projects in the Ethereum ecosystem, ensuring that they collectively advance toward common objectives rather than existing in silos.
Global crypto investment products have surged, recording $1.2 billion in net inflows over the past week. This marks the third consecutive week of positive inflows and a notable shift in market sentiment, as highlighted by the latest report from CoinShares, a leading digital asset investment firm.
Trading volume for Dogecoin surged significantly recently, hitting an all-time high of $1.2 billion. The sudden surge in activity caused traders and investors to jump on DOGE, temporarily driving up its price.
A veteran trader known for timely crypto calls says he's bullish on one Solana (SOL) rival now that it's showing significant strength. Pseudonymous trader The Flow Horse tells his Telegram channel that he's “default bullish” on the native asset of the layer-one blockchain Sei (SEI) following its clearance of a multi-month resistance around the $0.
Howard Lutnick, CEO of Cantor Fitzgerald, says bitcoin is a commodity. “When you truly understand bitcoin, it's hard to see it any other way,” he said, adding that the crypto “should be treated like gold and like oil.” While stating that other digital assets may vary, he firmly maintained that BTC is a commodity.
Bitcoin (BTC) is making headlines once again as it approaches a potential bullish market phase, trading at approximately $66,000. With the excitement building for new all-time highs (ATHs) in the fourth quarter of 2024, investors are keenly observing key market signals that suggest significant upward momentum could be on the horizon.
Ethereum ETFs recorded their largest inflow in over a month, bringing in $84.6 million last week.
Bitcoin (BTC) is poised to wrap up September with a surprising gain of at least 9%, marking its best monthly performance since 2013. This outcome defies the cryptocurrency's historical trend of negative returns during September, a month that has often been characterized by downturns for Bitcoin.
As we head into the fourth quarter of 2024, Bitcoin (BTC) options activity is heating up, reflecting an increasingly risk-on sentiment among traders.
The recent shift to inflows follows shifting macroeconomic winds.
Bitcoin's recent rally faces obstacles with bearish signals in China and low retail participation, despite a 7% gain in September. The post Bitcoin faces near-term uncertainty despite strong September gains appeared first on Crypto Briefing.
The Bitcoin (BTC) price is set to end Monday with losses of close to 3%. The market is set to end the month on a sour note thanks to not as dovish as hoped-for commentary from US Federal Reserve Chairman Jerome Powell and jitters about Japan's hawkish incoming PM.
A growing number of Americans who do not own cryptocurrency are expressing interest in making future purchases, even as overall ownership rates decline, according to a new report by the Federal Reserve Bank of Philadelphia's Consumer Finance Institute (CFI). The April 2024 Labor, Income, Finances, and Expectations (LIFE) Survey showed that 13.
Bitcoin's recent price performance has been quite bullish. Here is a key metric to track further bullish momentum.
Zach Bradford, CEO of Bitcoin (BTC) mining firm CleanSpark, has predicted that the premier cryptocurrency may peak close to $200,000 this cycle. Bradford's Bullish Take On BTC Price In an interview with research and brokerage firm Bernstein, CleanSpark's CEO noted that historically, post-halving periods have led to several positive adjustments for BTC's price.
Bitcoin surprised traders by opening the week in the red, and the Federal Reserve's announcement about future rate cuts failed to reverse the downtrend.
As Bitcoin's price continues to test upwards momentum, China's economic slowdown may be an understudied and massive demand boost for Bitcoin.
The bitcoin miner said it was able to bring its hashrate back to over 17.5 EH/s within 24 hours of restoration.
An uptick in Ethereum network activity was accompanied by a 498% rise in ETH gas fees. Will Ether price respond?
Ethereum restaking protocol EigenLayer will unlock the EIGEN token for trading tonight, nearly four months after the first airdrop.
How can crypto traders avoid the pitfalls seen in this unfortunate $6.3 million Solana meme coin story?
Ethereum, the second-largest cryptocurrency by market cap, has recently shown signs of a shifting market sentiment and momentum, according to an analysis by a CryptoQuant analyst named Percival. The analyst disclosed that various market conditions and technological developments have impacted Ethereum's momentum and have led to mixed views on its future growth trajectory.
Ethereum remains by far the largest smart contracts platform by market cap. Perched at second in the market cap leaderboard, the network hosts dapps cutting across multiple sectors.
Bitcoin bears threaten to end the recent bullish streak as smart money starts taking profits. Will bullish sentiment prevail?
Adding proof of reserves will head off concerns about Coinbase's perceived lack of transparency.
The cryptocurrency market is buzzing with excitement, especially for Bitcoin (BTC). Following a surprisingly strong performance in September, often referred to as “Rektember,” many traders and investors are feeling optimistic about what lies ahead.
Sui Bridge goes live on Mainnet, enabling native asset transfers between Ethereum and Sui, enhancing Web3 interoperability.
Bitcoin's (BTC) usual strong performance in October is threatened by high open interest in futures contracts and flattening buying activity by spot investors, according to the Sept. 30 edition of the “Bitfinex Alpha” report.
The chief executive of market insights firm CryptoQuant says that the US is regaining its dominance of Bitcoin (BTC) holdings. In a new post on the social media platform X, Ki Young Ju says that the US recouping its BTC dominance is being driven by demand for spot market exchange-traded funds (ETFs). “The U.S.
An increase in long positions as the price stagnates could signal an over-leveraged condition.
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Bill Barhydt of Abra discusses crypto's performance in the third quarter and his expectations through the end of 2024.
According to recent data, the premium for bitcoin in South Korea briefly turned into a discount last week, a rarity since October 2023. While the premium quickly bounced back, it's still hovering just below 1%. Bitcoin Sees Steep Discount in South Korea, Premium Quickly Rebounds but Stays Below 1% On Sept.
In recent weeks, Bitcoin price has experienced significant volatility, culminating in a notable drop below the $64,000 mark after a bullish attempt that saw it surge above $66k.
Ohio state senator Niraj Antani has introduced a bill that would enable residents and businesses to pay their state and local taxes using cryptocurrencies like Bitcoin (CRYPTO: BTC). What Happened: While the proposed bill aims to position Ohio as a pioneer in crypto adoption, it faces a steep climb toward becoming law.
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Bitcoin's price correction is driven by a weakening global economy, conflict in the Middle East, and concerns over an AI bubble.
Cryptocurrency markets are trading lower to start the new week after record inflows into Bitcoin ETFs last week. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $63,431.9 -3.6% Ethereum (CRYPTO: ETH) $2,589.2 -2.8% Solana (CRYPTO: SOL) $154.6 -2% Dogecoin (CRYPTO: DOGE) $0.118 -7.2% Shiba Inu (CRYPTO: SHIB) $0.00001779 -8.4% Notable Statistics: IntoTheBlock data shows large transaction volume increased by 6.05% and daily active addresses spiked by 4.9%.