Bitcoin's rally above $64,000 reinforced a recently established trend change and “locked in” a bullish pattern of higher price lows.
On Monday, Oct. 7, bitcoin (BTC) reached an intraday peak of $64,444, giving traders plenty to buzz about. By the end of Monday's trading sessions, BTC had gained 2% against the U.S. dollar. The global crypto trading scene saw an impressive $92.617 billion in volume, with bitcoin grabbing a $29.85 billion slice of that pie.
With the recent Ripple appeal, the SEC and its chair Gary Gensler are back in the spotlight as the XRP community voices strong opposition to the agency. This new twist has extended the already delayed case timeline, with some speculating it could now stretch until 2026.
Metaplanet, a Japanese public firm that's following MicroStrategy's Bitcoin reserve playbook, announced that it has purchased even more BTC.
What comes next for XRP price, as the Ripple and SEC legal battles continue, along with other major news for Ripple and its XRP Ledger? Let's find out
The Wall Street Cheat Sheet has been around for years now and is often passed around in finance circles, so Bitcoin has not been left out. The cheat sheet shows different stages of each market cycle, using sentiment to track where in the cycle a particular asset is.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently displayed signs that its price may be stabilizing after a period of volatility. This situation comes in the wake of heightened geopolitical tensions in the Middle East, which have affected investor sentiment across the crypto market.
Ethereum co-creator Vitalik Buterin is donating 100 ETH to bolster the legal defense fund of Tornado Cash developer Roman Storm. In a new thread on the social media platform X, Storm – who helped launch the anonymous ETH-based crypto mixing protocol in 2019 – expresses his gratitude to Buterin for his continued support.
ZachXBT's crypto investigations helped recover $275,000 in Bitcoin stolen from an elderly U.S. user in an apparent social engineering scam. According to the blockchain sleuth, Indian impersonators stole around 15 Bitcoin (BTC) from a Coinbase user back in April.
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TL;DR Activity on Ethereum scaling solutions has dropped, while Coinbase's Base network continues to rise. The combined throughput of Ethereum's Layer 2 and Layer 3 networks dropped to its lowest level since June. Arbitrum and Linea have experienced significant declines in active users, with drops of 62% and 87%, respectively.
As the cryptocurrency market enters a new week, several digital currencies are experiencing notable gains, fueled by Bitcoin's robust performance. Bitcoin, the leading asset, is seeing impressive traction alongside emerging meme coins like Hamster Kombat and POPCAT. The overall landscape is vibrant, attracting keen interest from investors and traders alike.
XRP sees the sudden increase in trading activity as, according to data from CoinGlass, the perpetual derivatives market for the seventh largest cryptocurrency soared by over 66% in the last 24 hours. As a result, total derivatives turnover on XRP reached $1 billion, making the token the 12th largest by this measure.
Bitcoin has been gaining during the past 24 hours, starting with Asia's market opening, with it briefly crossing $64,000 for a 2% rise.
Riot Platforms Inc (NASDAQ:RIOT) CEO Jason Les expressed the company's interest in artificial intelligence opportunities, contingent on the emergence of a favorable deal. What Happened: In a recent interview with Bernstein analysts, Les highlighted Core Scientific's (NASDAQ:CORZ) collaboration with AI Hyperscaler CoreWeave as a potential model for such ventures, The Block reported.
Coinbase-incubated Ethereum Layer-2 network Base has seen activity on the network increase significantly over the last few months despite the general decline in adoption for other Ethereum L2 networks, including leaders such as Arbitrum and Optimism.
Cryptocurrency research firm QCP Capital has issued its latest market insights, addressing significant trends impacting Bitcoin as the new quarter begins.
Ethereum (ETH) has experienced a modest 1% price increase over the past 24 hours, reflecting the broader cryptocurrency market's uptrend. This rebound comes after a week-long decline, largely attributed to political tensions in the Middle East.
Since the price of Bitcoin (BTC) soared to an all-time high (ATH) of $73,750 in March, it has not traded close to this level again. This is despite the Bitcoin halving event on April 20, which further deflated the emissions rate of the digital currency.
TL;DR Strategic Collaboration: 21.co and Crypto.com partner to enhance liquidity and custody solutions for 21BTC. Access to Liquidity: 21BTC will take advantage of Crypto.com's deep liquidity and competitive fees. Future Innovations: Both companies plan to expand their collaboration with new announcements in the future. The recent partnership between 21.co and Crypto.
Despite a decrease in preference from 94% in 2023 to 87% in 2024, Ethereum remains the top choice for crypto whitehat hackers.
Ethereum reaches a four-day high, trading at $2,484.46. A whale transaction of 29,732 ETH adds to market activity.
XRP's value has dropped by 17% over the past week, fueled by the broader market downturn and further impacted by the US SEC's decision to file an appeal against Ripple.
Tokyo-listed investment adviser Metaplanet has made another bold move in the cryptocurrency market, significantly increasing its bitcoin holdings with a fresh investment of 1 billion yen ($6.7 million). This latest acquisition brings the company's total bitcoin reserves to 639.5 BTC, valued at approximately $40.6 million.
Bitcoin has now been in a bull market for 686 days, ever since it bottomed out below $15,500 in November 2022 amid the FTX fiasco.
Ethereum co-founder Vitalik Buterin has sold 10 billion MOODENG tokens and donated over $640,000 in proceeds to his biotech charity fund, Kanro. The move aligns with Buterin's consistent stance on memecoins, advocating for charitable contributions from token proceeds.
Despite cryptocurrency investors' high hopes in the weeks leading up to October, the start of the month – historically notable for the strong performance of digital assets – Bitcoin (BTC) has been trading lower at the beginning of the month.
XRP, the cryptocurrency associated with Ripple, is making headlines as market analyst Egrag recently claimed that price targets ranging from $27 to $44 are conservative estimates based on Fibonacci analysis. This bold assertion has interest among investors and crypto enthusiasts, particularly in light of XRP's recent performance and market volatility.
Bitcoin price rose for two consecutive days on Monday, Oct. 7, as traders embraced a risk-on sentiment. Bitcoin (BTC) rose to an intraday high of $64,000, a 6.62% increase from last week's lowest point.
Arrington Capital-backed RedStone has launched Bitcoin staking oracles on Monday to enhance DeFi protocols on platforms like Ethereum, Avalanche, and Polygon.
The price of the cryptocurrency market's largest altcoin, Ethereum (ETH), seems to be coming back to life today after a period of disappointing performance. It is worth noting that this disappointment is not with Ethereum itself, which still correlates with the general market, but rather with expectations of market participants.
Explore how Bitcoin (BTC) is transforming global fundraising efforts through platforms like Geyser Fund, BTCPay Server, and Kuno, enabling secure, anonymous, and censorship-free donations.
The National Bank of Bahrain launched the GCC's first Bitcoin-linked structured investment, developed with ARP Digital.
Former MicroStraregy CEO Michael Saylor has stepped up his social media game by taking to the X platform to declare that Bitcoin is “winning.”
Ethereum developers have introduced a new proposal for the network, dubbed EIP-7781. This proposal will significantly change the rate of new blocks on the network.
A wallet-draining service on TON ceased operations due to limited high-value users, redirecting efforts toward more lucrative Bitcoin targets.
Investor Dan Tapiero says that Bitcoin (BTC) is setting up for a breakout after printing a massive bullish technical pattern. Tapiero says that Bitcoin is forming a large, years-long cup and handle structure that is setting BTC up for a breach of the March 2024 highs at $74,000.
A new Ethereum Improvement Proposal (EIP), EIP-7781, introduced on October 5 by Illyriad Games co-founder Ben Adams, could significantly boost Ethereum's transaction throughput by reducing the network's slot time from 12 seconds to 9 seconds. The proposed change is aimed at increasing transaction throughput by approximately 33%.
TL;DR A wallet drainer from The Open Network (TON) is shutting down operations due to a lack of large investors and is redirecting its focus to Bitcoin theft. The hackers argue that the small community of The Open Network is not viable for their operations, suggesting users enjoy theft on Bitcoin.
The National Bank of Bahrain (NBB) has partnered with APR Digital to launch the Gulf Cooperation Council's (GCC) first Bitcoin-linked Structured investment. This fund will provide accredited investors exposure to the flagship crypto.
October's bullish "Uptober" narrative is regaining momentum as bitcoin recovered from last week's market sell-off, QCP Capital analysts said.
As of Oct. 7, 2024, ethereum is trading between $2,467 and $2,473, with its market capitalization standing at $297 billion. Over the past 24 hours, its price has moved within a range of $2,416 to $2,510, accompanied by a trading volume of $12.87 billion.
After the announcement, data reveals that Metaplanet's stock surged by more than 12% on October 7th, before dipping to 988 yen later in the day.
The Bitcoin market continues to see a lot of noisy behavior, as the Wall Street ETF continues to dampen a bit of the inherent volatility in this asset. At this point in time, the market will continue to be choppy, and therefore you should be cautious about your position sizing.
Bitcoin has been the best-performing asset of 2024, recording an increase of nearly 50% since the start of the year. As the price rises above $63,500, the possibility of achieving $70,000 has yet again emerged. The charts are looking pretty good and hence the bullish plan continues to remain in play.
Some 63% of web3 whitehats now consider hacking to be their primary job, up from 56% in 2023, according to Immunefi.