Three of the largest cryptocurrencies are stumbling today. Here's why.
Bitcoin mining giant CleanSpark (NASDAQ:CLSK) is betting big on the next crypto bull run, as CEO Zach Bradford told Bernstein analysts that the company plans to aggressively expand mining capacity ahead of and expected Bitcoin (CRYPTO: BTC) price surge. What Happened: "I believe we could see Bitcoin peak just under $200,000, sometime in the next 18 months,” Bradford told Bernstein analysts in an interview.
Bitcoin and altcoins are witnessing end-of-month volatility, but traders remain upbeat about October due to the crypto market's history of strong performance in Q4.
The cryptocurrency market appears to be gearing up for its next upward trend as several key indicators, including Bitcoin‘s (CRYPTO: BTC) Exchange Flow Multiple, show signs of accumulation. What Happened: The Exchange Flow Multiple (30-day/365-day) – an indicator measuring the ratio between short-term and long-term inflows and outflows of Bitcoin on exchanges – has reached its lowest point this year, suggesting decreased volatility in Bitcoin exchange flows, according to CryptoQuant.
As October approaches, Bitcoin anticipates strong market performance, possibly reclaiming or surpassing its all-time high.
The head of blockchain analytics platform CryptoQuant thinks Bitcoin (BTC) is right in the middle of a bull cycle, despite a dip to start the week.
Despite being historically bearish, September turned out to be green for both Ethereum and Dogecoin.
Bitcoin (BTC) is showing signs of a potential parabolic rally in October. A combined reading of some on-chain metrics signals that the king coin is poised to move toward the $73,000 price mark.
Raphael Bostic, the President of the Federal Reserve of Atlanta, has hinted that he might favor another 50 basis point rate cut in November if US Job data improves. This conditional expectation is not unheard of as other Federal Reserve officials have hinted.
Recent data reveals that bitcoin wallets holding between 0.1 and 1 BTC have grown by an impressive 9,563 since the year began. Meanwhile, the number of crab wallets containing 1 to 10 BTC has shrunk by 7,783.
XRP closed another week up 8%, overcoming previous stubborn resistance at $0.60. It is currently up 12% for the month and it's on track to closing its strongest quarterly return since Q1, 2023 — which was approximately just over a year ago.
Prominent cryptocurrency trader Eugene Ng on Saturday shared his trading reflections for September, highlighting a successful month that saw him net nearly $7 million in profits. What Happened: His keen market strategies and timely decisions during a pivotal period have led him to predict a significant upcoming surge in Bitcoin (CRYPTO: BTC) and other leading cryptocurrencies.
Despite scalability and high gas fees facing Ethereum, the founder of EigenLayer, a liquidity restaking platform, insists the network is superior, especially against Solana. Solana is the third most valuable smart contracts platform, trailing Ethereum and the BNB Chain.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
It's difficult to find a more fundamental threat to Bitcoin's continued existence than mining centralization.
XRP, the digital asset associated with Ripple Labs, has recently captured significant attention in the cryptocurrency market, driven by impressive price movements and bullish sentiment among traders and analysts. As of September 30, 2024, XRP has successfully cleared a critical resistance level, trading around $0.6438 after gaining over 12.44% from a Friday close of $0.
The Bitcoin exchange-flow multiple value is now at a similar low point as when BTC price rallied around 46% in 2023.
Ohio State Senator Niraj Antani introduced legislation aiming to legalize Bitcoin (BTC) and other crypto payments for taxes and fees in the state of Ohio and its local political subdivisions. The bill — introduced on Sept.
Ripple XRP has surpassed key resistance levels, driven by significant whale accumulation.
TL;DR The Ethereum Foundation has sold more than $10 million worth of ether this year. The community is calling for greater transparency regarding the foundation's financial management. Vitalik Buterin suggests a strategy of spending 15% of the remaining funds annually. The Ethereum Foundation has been in the spotlight recently due to its significant ether transactions.
Amid the September market recovery, the Ethereum price rebounded from the 61.8% Fibonacci retracement level, indicating a healthy correction. As the ETH price gains momentum for the Uptober upswing, its resemblance to the 2023 market rally hints at a potential push to a $10000 psychological level.
The cryptocurrency market continues to evolve, XRP remains a focal point for traders and analysts alike. Recently, leading economist Market Maestro has highlighted that XRP is still confined within a six-year symmetrical triangle, a formation that has characterized its price movement since the cryptocurrency reached an all-time high of $3.31 in January 2018.
Could Bitcoin's historic “Uptober” returns repeat themselves this year, especially after its best September performance ever, or are we set for a new twist in Bitcoin's price action? October brings back hopes As October rolls around, the Bitcoin (BTC) community
On-chain data shows minimal retail involvement in the current crypto rally, hinting at potential further price increases.
There's growing speculation that the U.S. Securities and Exchange Commission (SEC) is preparing to appeal the recent ruling in the Ripple lawsuit concerning XRP. This comes after Judge Analisa Torres ruled in favor of Ripple, stating that XRP is not a security when sold to retail investors.
After bitcoin's recent surge above $66,000, bullish sentiment flooded the market. But could this be why the coin failed to unlock $70,000?
Investors piled into Bitcoin investment funds and crypto ETPs, with more than $1 billion in inflows over the last week.
Bitcoin's price has fallen by over 3% in the past 24 hours, amid a "long squeeze" in the perpetual futures market, according CryptoQuant.
As Bitcoin (CRYPTO: BTC) prices dropped below $64,000 in Monday trading, veteran crypto analyst DonAlt sees potential for a significant breakout but urges traders to remain cautious. What Happened: In the latest podcast update, DonAlt highlighted the importance of Monday's monthly close, noting it could be “the 18th close above $65,000 or above $58,000 rather.
Kamala Harris has done nothing to confirm she will support or protect the industry so far, while her political opponent is going above and beyond for it.
Eric Balchunas, the most authoritative voice in the field of ETF pundits, recently explained that Pennsylvania-based financial titan Vanguard is not willing to touch Bitcoin exchange-traded funds, mainly due to the fact that it is generally not interested in commodities.
Bitcoin has remained above $60,000 for the past two weeks, holding strong as the broader crypto market bulges. This steady performance is fueling optimism among traders and investors alike.
Ethereum co-founder Vitalik Buterin recently highlighted a significant challenge within the Ethereum ecosystem: finding a balance between decentralization and cooperation among its numerous projects.
Bitcoin-gold tensions flare as Peter Schiff contends Bitcoin is unworthy of its spotlight due to its lack of real-world use and scarcity.
MicroStrategy could soon have bigger bitcoin pockets than Grayscale.
Bitcoin could see a major price rally in the months following the U.S. presidential election, according to CK Zheng, Chief Investment Officer at ZX Squared Capital. Per a report by Brayden Lindera for Cointelegraph, Zheng believes — regardless of which party wins– that neither candidate has sufficiently addressed the growing U.S.
The Ripple SEC case has gained notable traction recently with anticipation soaring as the deadline nears for the US SEC's potential appeal. Many in the crypto community are expecting a last-minute appeal by the agency in the XRP lawsuit, which could further extend the long-running legal battle in the digital assets' space.
Ethereum staking yields to surpass the US interest rates by the coming year. ETH stake yields are currently positioned at 3.2%.
Ripple, a major crypto company based in San Francisco, has finally broken its silence regarding its upcoming digital asset innovation - Ripple USD, or RLUSD stablecoin. As the crypto payments and remittances provider remained silent about the innovation, the crypto space began to be filled with different types of news, opinions and insights, many of which lacked substance.
Ohio Senator Niraj Antani introduced a bill to legalize cryptocurrency payments, including Bitcoin, for state and local taxes.
Quincy Jones, a software developer at the XDC Foundation, made some astonishing predictions about the potential future value of XRP. He speculated that the token could reach extraordinary price points, including $100,000 or even $1,000,000, depending largely on the volume of assets issued on its network.
Guggenheim Treasury Services, a subsidiary of the major financial firm Guggenheim Partners, has issued $20 million worth of tokenized commercial paper on the Ethereum blockchain, marking a significant step into the world of digital assets.
Bitcoin (BTC) faces increased bearish pressure, as a divergence on the 4-hour chart suggests a possible correction toward $60,000.
Bitcoin and cryptocurrency stocks retreated on the final trading day of September, following a rally the previous week. Despite the pullback, the crypto market remains on track to post a positive month, with Bitcoin leading the way.
Altcoins are midway through a robust season, propelled by Bitcoin's impending consolidation.
Amid calls for greater transparency, the Ethereum Foundation sold another 100 ether, according to Lookonchain.