Macro investor here Luke Gromen says that gold and Bitcoin (BTC) are now set to be some of the main beneficiaries of the US government's declining fiscal situation.
Over the past decade, a significant amount of bitcoin has made its way into centralized trading platforms, public and private corporations, governments, exchange-traded funds (ETFs), and derivative token projects like WBTC.
Cryptocurrency markets are holding on to the green zone with Bitcoin and Dogecoin relatively flat, while Ethereum is trading higher. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $63,449.64 +0.6% Ethereum (CRYPTO: ETH) $2,685.90 +4% Solana (CRYPTO: SOL) $144.14 -0.3% Dogecoin (CRYPTO: DOGE) $0.1073 +0.7% Shiba Inu (CRYPTO: SHIB) $0.00001456 +0.2% Notable Statistics: IntoTheBlock data shows a decrease of 0.8% in large transaction volume and a drop of 11% in daily active addresses.
They could potentially spark "explosively recursive" price upside for Bitcoin, according to one investment manager.
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On the sidelines of the TOKEN2049 conference in Singapore, Charles Hoskinson, co-founder of Ethereum and Cardano, shared his thoughts in an interview with CNBC about the differing crypto stances of Donald Trump and Kamala Harris.
XRP recently faced a notable rejection at the $0.60 mark, preventing it from maintaining its upward momentum. Despite this setback, the presence of a bullish Cup and Handle formation on the 4-hour chart indicates that XRP could be on the verge of a rally toward the $0.70 level.
Bitcoin (CRYPTO: BTC) reached a new local high of $64,200 on Sep. 20, but analysts caution it must surpass the August high of $65,200, a level that has proved challenging since the all-time high of $73,666 in March. What Happened: Until Bitcoin breaks this crucial resistance, the asset remains in a long-term downtrend, according to Bitfinex analysts.
Bitcoin shows strength as institutional backing and long-term holder accumulation increase.
Bitcoin is currently trading around $63,500 as we start the journey into the last week of September with optimism for bullish prices. Renowned crypto analyst Willy Woo has offered an optimistic outlook for Bitcoin's next steps, drawing attention to a key technical indicator, the Puell Multiple.
Markus Thielen, Head of Research at 10x Research, expressed a bullish outlook for the Bitcoin price, predicting that the cryptocurrency is “set to smash new all-time highs in Q4 2024.”
Bitcoin's (CRYPTO: BTC) breakout to $64,000 has been fueled by several reasons, according to a new Bernstein analyst note. What Happened: The analysts cite rate cuts, bipartisan crypto support, Bitcoin ETF momentum, miner stability post-halving, and reduced selling pressure as catalysts for Bitcoin's 9% seven-day spike.
The accused hackers behind a nearly $250 million Bitcoin (BTC) exploit reportedly shot themselves in the foot in a new leaked recording. Days ago, the U.S.
In the latest update in the monthslong attempt by Riot to forcibly acquire Bitfarms, the two mining firms have come to a settlement.
In a recent interview with Cointelegraph, Arthur Hayes, the co-founder of BitMEX and Chief Investment Officer of Maelstrom, shared his perspectives on the current financial and crypto markets, especially in light of the Federal Reserve's recent rate cut.
Amid perceived weakness in Bitcoin's dominance analysts suggest that it might finally be time for altcoins to rip.
Ethereum shows strength in its USD and BTC pair as network activity surges. Is a move to $3,000 realistic?
XRP trades at a pivotal moment after several days of volatile price action, sparking renewed optimism among investors. Some analysts believe that XRP is on the verge of breaking out from a massive 4-year bullish triangle pattern, which has served as an extended accumulation period.
Ethereum (CRYPTO: ETH) has been outperforming Bitcoin (CRYPTO: BTC) following the U.S. Federal Reserve's decision to cut its Federal Funds rate by 50 basis points last Wednesday. What Happened: Since the central bank's first rate cut in four years, Ethereum's price has surged over 16%, significantly outpacing Bitcoin's 6% increase during the same period, The Block reported.
The trader moved 70,000 ETH to Kraken in March 2024, securing $214 million, while still holding 26,639 ETH.
The number of wallets with less than $10 in BTC swelled by 75% in the same period but cryptocurrency's middle class shrank.
21.co, the parent company of crypto exchange-traded products issuer 21Shares, has integrated the Chainlink Proof-of-Reserve to enhance the transparency of its wrapped Bitcoin. According to a press release on Sept.
Bitcoin mining firms Riot Platforms and Bitfarms have reached a settlement agreement, marking the end of Riot's attempted hostile takeover of its rival, The Block reported on September 23. The agreement brought about notable changes in Bitfarms' board composition. According to the joint announcement, Bitfarms co-founder Andres Finkielsztain has stepped down from his board position.
Rival Bitcoin mining companies Bitfarms and Riot Platforms enter into a settlement agreement, ending their takeover dispute.
A closely followed crypto trader is predicting that one Solana (SOL) competitor is gearing up for an explosive set of rallies. Pseudonymous trader Criptopaul tells his 112,800 followers on the social media platform X that layer-1 chain Sui (SUI) has strong market fundamentals and massive upside potential.
Since their launch on July 23, spot Ethereum ETFs have accumulated $13 billion in cumulative spot volume across nine funds.
Ethereum active addresses have hit 5 million over the past week as active buyers increase.
Bitcoin nears its 200-day moving average, a sign of potential bullish momentum, as market conditions align for a breakout. The post Bitcoin nears major breakout as it approaches 200-day moving average appeared first on Crypto Briefing.
Ethereum (ETH) experienced a notable surge on Friday, fueled by Bitcoin's recent performance, which saw the leading crypto asset reclaim the $63,000 mark.
TL;DR 21.co has integrated Chainlink Proof of Reserve on the Solana and Ethereum mainnets to enhance the transparency of its Wrapped Bitcoin (21BTC). 21BTC, launched in May 2024, is a native token fully backed 1:1 by Bitcoin reserves, which are held in cold storage and under institutional custody.
A look at the history of major Bitcoin forks.
Michael Saylor, the chairman of MicroStrategy, recently predicted that Bitcoin could reach an astonishing $13 million by the year 2045. This forecast is not just pie-in-the-sky thinking; it's rooted in Saylor's belief that Bitcoin could capture a significant portion of global capital.
The Ethereum Foundation has triggered renewed anxiety among investors by offloading 200 ETH on September 23.
The divergence between Bitcoin and Ethereum may soon be coming to an end.
Gold and Bitcoin reach new highs after the rate cuts. However, who will fall first in the face of economic uncertainties?
Investors continue to feel bullish, throwing $321 million at crypto funds for the second straight week of gains, led by Bitcoin ETFs.
The head of digital asset research at $101.9 billion U.S. hedge fund VanEck, Matthew Siegel, has discovered and revealed what could be key information for those bullish on Ethereum (ETH).
TAO, POPCAT, and AR lead the altcoin rally while Bitcoin continues its climb toward a new all-time high following a favorable macroeconomic shift.
The next week or two is expected to be bullish for Ethereum and a move toward $2.8k-$2.9k is likely.
Bitcoin bears are defending the $65,000 resistance, but if it gives way, BTC and altcoins are likely to chase new all-time highs.
Ethereum (ETH) has recently made headlines as it reclaimed the $2,500 mark following a significant shift in market sentiment. However, the ETH/BTC trading pair has been struggling, hitting record lows against Bitcoin (BTC).
Fred Thiel, chairman and chief executive officer at Bitcoin mining behemoth Marathon Digital, has predicted "rapid innovation" and "rapid disruption" on energy markets.
42 cryptocurrencies have outperformed Bitcoin (CRYPTO: BTC) in 2024, with most of them listed on Binance, according to on-chain analytics provider Lookonchain. What Happened: 25 are listed on Binance and 20 were listed in 2023 or earlier, providing ample opportunity for traders to capitalize on their growth, the data provider tweeted on Friday.
The Rollblock ($RBLK) presale is outperforming expectations, raising over $3.7 million as gamers enjoy a share in the success of the platform. With legacy coins such as Ethereum and Ripple's $XRP underperforming, investors are turning heads towards smaller tokens with strong use cases and large potential.
China continues to control 55% of the global Bitcoin network's hashrate, despite a ban on crypto mining and trading that has been in effect since 2021.
Ethereum (ETH), the world's second-biggest cryptocurrency by market cap appears to be super bullish and could hit the $3,000 level soon. Despite the majority of top cryptocurrencies, including Bitcoin (BTC), Solana (SOL), and many others struggling to gain momentum, ETH has gained more than 4% of its value.
Former Coinbase CTO Balaji Srinivasan spoke at the Network State Conference in Singapore on Sept. 22 about Bitcoin's potential to protect wealth against inflation.