The global digital assets market printed red indexes all around as Bitcoin (BTC) dipped below the $61,000 mark after struggling with the high selling pressure. Reports suggest seized crypto linked to the notorious PlusToken Ponzi scheme were moved to exchanges, sparking fears of potential selling pressure.
Landscape for Bitcoin miners is becoming increasingly complex as September brought a mixture of challenges and stability. Despite experiencing significant price fluctuations in Bitcoin (BTC), miners are navigating a path marked by declining balances and fluctuating revenues.
Amid recent Bitcoin corrections, the whales are taking an early exit. Recently, four whales that had withdrawn 8,510 from the Bitfinex Exchange in July and August took a small exit. The whales have deposited 1,500 BTC worth $92.95M back into the system in the last 30 hours.
MicroStrategy, the largest corporate holder of Bitcoin, is making headlines not only for its ongoing acquisitions of the cryptocurrency but also for its impressive financial performance. According to recent reports, the company's stock has surged significantly, outpacing Bitcoin's returns and capturing the attention of crypto enthusiasts and investors alike.
The recent Bitcoin price action appears to have caught the attention of market analysts, with a particular focus on its positioning between key psychological levels. A CryptoQuant analyst under the pseudonym “datascope” recently posted on the CryptoQuant QuickTake platform, providing an in-depth analysis of Bitcoin's current price movements.
After weeks of significant volatility and uncertainty, Bitcoin is currently at a turning point. The recent Federal Reserve interest rate cut, coupled with the escalating conflict between Iran and Israel, has led to erratic price movements, causing traders to navigate a landscape filled with anxiety.
Analysts are signaling a critical moment for Bitcoin, with warning signs flashing on its charts. As Bitcoin attempts to retest crucial support levels, it faces potential liquidations. According to analyst Josh of Crypto World, the Bitcoin market is currently in a precarious position, with key support levels holding but facing pressure from bearish indicators.
The crypto prices on Thursday sparked a bearish sentiment among market watchers globally. Bitcoin (BTC) price slipped back to the $60K level over the past day, whereas Ethereum (ETH), Solana (SOL), and XRP traded dominantly in the red territory.
The Bitcoin Protocol has reached a milestone, with nearly 24,000 BTC locked, valued at $1.5 billion.
Bitcoin ETFs reported inflows totaling a staggering $235.2 million, marking a significant increase that has many experts buzzing. This rise comes on the heels of a somewhat slow start to the month, leaving investors eager to understand the implications for the market.
Bitcoin's exchange-traded funds (ETFs) are once again generating headlines due to an extraordinary increase in inflows. An investment of $235.2 million in Bitcoin ETFs occurred on October 8, indicating a substantial increase in investor appetite.
Bitcoin (BTC) had a volatile day on Monday, briefly touching $64,400 before pulling back to $62,800 within just an hour, amid broader market turbulence. The rapid fluctuations in the cryptocurrency market coincided with a sharp downturn in U.S. equities, particularly the S&P 500 and Nasdaq, both of which fell over 1%.
Bitcoin price extended losses and traded below the $61,850 zone. BTC is now holding the $60,000 support, but it remains at risk.
Bitcoin could reach $67K driven by liquidity levels and the whales' shift.
Crypto analyst James has compared Dogecoin (DOGE) and Bitcoin (BTC) and provided insights into what to expect from these major cryptocurrencies in this market cycle. Based on his analysis, the foremost meme coin will likely outperform the flagship cryptocurrency in this bull run.
The Bitcoin critic's sarcastic suggestion ignited a heated debate about the cryptocurrency's value and future.
Bitcoin (BTC) is once again in the spotlight as exchange inflows reach their lowest levels of the year, raising questions about the cryptocurrency's future trajectory. Investors, including traditional financial institutions, are increasingly viewing Bitcoin as a long-term store of value rather than a quick profit tool.
Bitcoin (BTC) mining companies are demonstrating remarkable resilience despite a significant drop in revenues. Following the block reward halving in April 2024, daily mining revenues plummeted from $70 million to just $31 million.
Bitcoin price struggled to recover from early losses, trading under pressure around the $60,500 level. The downward trend is largely attributed to the U.S. government's plan to sell $4.38 billion of seized Bitcoin from the infamous Silk Road marketplace.
A CryptoQuant analyst has highlighted concerns about the lack of U.S. investor participation in Bitcoin recent rally.
Bitcoin had a rough Wednesday, starting the day above $62,000 but quickly slipping to a daily low of $60,541. The market turbulence didn't stop there, as over $40 million in bitcoin long positions were wiped out. Across the broader crypto space, both long and short positions saw liquidations totaling $169.
Bitcoin developer Peter Todd has been accused of being Satoshi Nakamoto in a new HBO documentary. Filmmaker Cullen Hoback presents the claim as conclusive evidence of Todds identity, though Todd has repeatedly denied these allegations on social media and in interviews.
Binance is set to delist critical BTC, ETH, and BNB trading pairs on October 11, igniting price crash speculations across the crypto market. Investors brace for potential volatility as the deadline approaches.
The Infraud Bitcoin bribery court case has ended, with a Russian court jailing a former top federal agency detective for 16 years.
Bitcoin (BTC), the world's largest cryptocurrency by market cap is poised for a significant price decline as investors have realized billions worth of profits in the past 24 hours. Additionally, BTC has formed a bearish price action pattern, further supporting this negative outlook. $5.
Bernstein analysts have predicted that the November presidential election result could affect the price of Bitcoin. The firm's report shows possible price shifts based on Trump and Harris assuming the presidency.
The Bitcoin Mystery, the new HBO documentary that's taking the world by storm claimed to know who Satoshi is. But does it matter to Crypto?
German parliament member Joana Cotar believes Bitcoin could transform the fight against inflation and promote economic independence.
One observer noted 7,000 PlusToken-related ETH transferred to crypto exchanges on Wednesday, raising concerns about potential selling pressure.
Former Ripple director Matt Hamilton weighed in on this discourse, declaring XRP as a superior option compared to Bitcoin. Speaking on the Mr.
The hack, which took place in August 2016, resulted in the theft of 119,756 BTC from Bitfinex's platform—an event that sent shockwaves through the crypto industry. To mitigate the loss, Bitfinex initially implemented a 36% haircut on customer accounts, sparking outrage among its user base.
Compass Mining has announced a partnership with Mindshift, a licensed digital asset service provider in South Korea, to extend bitcoin mining services to the region. The collaboration aims to address challenges like high electricity costs while making bitcoin mining more accessible to South Korean residents.
TRX's Long/Short Ratio currently stands at 2.22, the highest since late September 2024.
Bitcoin price oscillates in a narrow price range as BTC's low volatility hints at a sharp price move around the corner.
Bitcoin (BTC) continued trading in the red and fell below $61,000 despite the Federal Reserve's dovish remarks in the Federal Open Market Committee's (FOMC) minutes published on Oct. 9. As of press time, BTC was trading at $60,935, down 2% over the past 24 hours.
Bitcoin (BTC), the leading cryptocurrency, has seen a significant drop in exchange reserves, shedding $31 billion worth of BTC since February. This decline in the amount of Bitcoin held on exchanges is a critical indicator, signaling changing behaviors among investors as the asset's price hovers around $62,300.
The Fed minutes for its September meeting have further dampened hopes for a 50 basis points (bps) rate cut in November. This provides a bearish outlook for the Bitcoin price, considering the market was already pricing into a 50 bps rate cut following Fed Chair Jerome Powell's dovish speech following the September FOMC meeting.
Bitcoin might be having trouble initiating a major rally soon, however, investors' interest in the flagship digital asset appears to be growing as the number of active addresses has begun to rise once again, indicating heightened engagement from both old and new investors.
Brazil's stablecoin market is experiencing explosive growth, significantly outpacing Bitcoin in transaction volume on local exchanges. This surge reflects an increasing preference for stablecoins in B2B cross-border payments, driven by the need for stable US dollar exposure amid local currency fluctuations.
The head of blockchain analytics platform CryptoQuant says that ancient Bitcoin (BTC) whales are largely remaining dormant. Ki Young Ju tells his 363,800 followers on the social media platform X that the Spent Output Age Bands (SOAB) metric indicates long-term holders of Bitcoin are not moving their coins.
JAN3 CEO Samson Mow suggested that traditional financial institutions operate in the shadows to prevent more nations from following El Salvador's path of integrating Bitcoin into their financial systems. Mow commented on a specific case involving the World Bank and another nation.
Options on Bitcoin ETFs could speed up adoption among financial advisers, James Seyffart said at Permissionless.
Bitmain stormed the Bitcoin mining industry after launching new and more efficient mining machines for Bitcoin miners. The company announced the S21+ Hyd.
Bitcoin price trades in a 7-month range, and charts suggest the pattern could culminate with a strong downside move.
★★★★☆ | Cullen Hoback's documentary is an entertaining watch, and uses the same tactics as a crime drama to keep his suspect hidden until the very end.
Cryptocurrency markets are trading sideways despite key Bitcoin metrics rising. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $61,248 -1.2% Ethereum (CRYPTO: ETH) $2,412 -0.9% Solana (CRYPTO: SOL) $140.6 -1.5% Dogecoin (CRYPTO: DOGE) $0.1087 +1.98% Shiba Inu (CRYPTO: SHIB) $0.00001697 -0.9% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 5.6% and daily active addresses growing by 16.5%.
It appears that the United States government is going to compensate Bitfinex, which lost nearly 120,000 Bitcoin (BTC) in a 2016 hack. In a report, the government claims that Bitfinex is the sole entity eligible for this significant compensation, as they have already reimbursed their customers through BFX tokens.