The price of the Bitcoin could soon go “full bull” in a renewed rise that could see the cryptocurrency surpass the $80,000 mark, but before that occurs capitulation could be coming in a move that would take BTC below the $50,000 mark.

South Korea's Financial Services Commission (FSC) announced the creation of a Virtual Asset Committee to address the approval of spot crypto exchange-traded funds (ETFs) in the country on Oct. 10, according to local media reports. The committee will act as an advisory body designed to provide comprehensive oversight and guidance for the crypto industry.

Bitcoin dipped below the $60,000 mark Thursday after three weeks above that line. What's to blame for the latest cooldown?

The cryptocurrency market faced fresh challenges on Thursday, with an unexpected rise in inflation and another regulatory move by U.S. authorities targeting a major crypto firm.

Cryptocurrency analyst Bob Loukas predicts Bitcoin could reach $150,000 despite ongoing price dips and market concerns. The timing, however, raises eyebrows as the market battles downturn fears and prepares for a possible crypto meltdown.

Crypto experts warn that Bitcoin holders are waiting for a breakout beyond the $60,000 range to trigger market activity. According to analysts, the cryptocurrency is currently in a liquidity slump, with traders sitting on the sidelines until a clearer market direction emerges.

Bitcoin derivatives metrics shifted as BTC price fell under $59,000 today. Are lower prices incoming?

Bitcoin is showing signs of renewed potential, with analysts pointing to the Rainbow Chart as a beacon for long-term investors. This colorful graphical representation of Bitcoin's price trends has interest among both seasoned traders and newcomers alike, indicating that the cryptocurrency could be on the verge of a significant rally.

Crypto adoption is gaining speed no matter who wins the US presidential race in November, the venture fund founder said.

Cryptocurrency markets are trading lower as Bitcoin ETFs clocked a second consecutive day of outflows on Wednesday while Spot Ethereum flows remaining muted. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $59,579.75 -2.4% Ethereum (CRYPTO: ETH) $2,360.93 -2.3% Solana (CRYPTO: SOL) $137.54 -2.1% Dogecoin (CRYPTO: DOGE) $0.1044 -3.9% Shiba Inu (CRYPTO: SHIB) $0.00001643 -3.4% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 25.7% and daily active addresses falling by 18.8%.

Uptober roadblock? This crypto exec doubts an explosive BTC rally based on Fed rate cuts alone.

Despite recent fluctuations in the general crypto market, Bitcoin, the flagship digital asset is showing signs of an impending major rally, possibly to a new peak, which indicates a potential positive shift in price movement to the upside.

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, Cullen Hoback, the director of 'Money Electric: The Bitcoin Mystery' discusses the debate around his film after it claims that Canadian developer Peter Todd is Bitcoin's anonymous creator, Satoshi Nakamoto.

Here's why BTC can still rally in the following weeks.

The recent 50 basis-point interest rate cut by the US Federal Reserve has had a mixed impact on crypto markets.

Bitcoin (BTC) experienced continued volatility on Wednesday, hovering around $60,000 for much of the day. At press time, the cryptocurrency was trading at $59,404, reflecting a 2.46% decline over the past 24 hours, which brought its market capitalization to $1.2 trillion.

Bitcoin's price plummeted toward $59K today, wiping off hundreds of millions from the derivatives market.

Bitcoin has fallen below the crucial $60,000 price level. Meanwhile, a crypto analyst highlights that altcoins with strong fundamentals aren't seeing price spikes due to "regulatory hurdles.

According to veteran trader Peter Brandt, Bitcoin needs to avoid a trip below $48,000 to preserve its chances of a six-figure all-time high next year.

The U.S. government is preparing to sell a substantial amount of Bitcoin, specifically 69,370 BTC valued at approximately $4.3 billion. This decision follows a ruling from the Supreme Court, which has cleared the way for the government to proceed with the sale of these assets seized from the infamous Silk Road dark web platform.

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Matt Hougan, the Chief Investment Officer (CIO) of Bitwise has released a new report predicting that the price of Bitcoin (BTC) could skyrocket to $80,000 before the end of the year.

A dormant Bitcoin whale reactivates 10,158 BTC, sparking $37.4B in volume—the highest in seven months.

As the crypto market struggles to shake off the weakness of last week, the latest sentiment data from Santiment shows that token holders and traders are bearish on some of the top altcoins. According to their recent analysis, token holders are bearish the most on Chainlink–a middleware solution that powers DeFi and NFTs, Ethereum, Solana, and Bitcoin.

A hotly awaited HBO documentary, “Money Electric: The Bitcoin Mystery,” promised to shed new light on Satoshi Nakamoto's identity. The film, created by Cullen Hoback, identified former Bitcoin core developer Peter Todd as the premier crypto's elusive inventor.

The documentary presents a series of circumstantial clues, suggesting that Todd could be Bitcoin's elusive creator. Among the evidence cited is a 2010 forum post in which Todd appears to continue thoughts initially laid out by Nakamoto, as well as a chat log in which Todd discusses “sacrificing” Bitcoin—possibly referring to Satoshi's untouched stash of over one million BTC, worth an estimated $65 billion.

Microstrategy (MSTR), a business intelligence firm led by Michael Saylor, has seen its stock soar by an impressive 185% in 2024, greatly outperforming Bitcoin, which has risen by 47% in the same period. This surge not only highlights the growing appeal of Microstrategy's bold cryptocurrency reserve strategy but also signals a shift in how businesses view Bitcoin as a hedge against economic uncertainty.

According to the latest network data, bitcoin's computational power hit an all-time peak today on Oct. 10, 2024, reaching 698 exahash per second (EH/s). This new record surpasses the previous high of 693 EH/s, set on Sept. 8.

Bitcoin drops below $59K as Fed's Raphael Bostic suggests a possible pause in November rate cuts amid economic data review. The post Bitcoin drops below $59K as Fed might pause rate cuts in November appeared first on Crypto Briefing.

drop in price below the symbolic level of 50,000 dollars. This worrying outlook can be explained by evolving liquidity conditions and concerning technical signals.

Analysts are meticulously observing the forthcoming US presidential election, especially about its possible influence on Bitcoin. Recent analyses from Bernstein underscore a significant divergence in Bitcoin's prospects contingent upon the electoral victory of either Donald Trump or Kamala Harris.

As the U.S. government prepared to sell seized Bitcoin, the cryptocurrency's price dropped 1.81% to $61,010.

South Korea's Financial Services Commission (FSC) is deliberating revising its stance on spot Bitcoin ETFs (exchange-traded funds), handing over the consideration to a crypto advisory committee.

Bitcoin's presence in traditional financial markets continues to grow, with Exchange-Traded Funds (ETFs) now controlling a substantial portion of the cryptocurrency's total supply. According to recent data, Bitcoin ETFs currently hold 925,266 BTC, which amounts to nearly 5% of the total circulating supply.

Bitcoin mining rig manufacturer Bitmain has just rolled out two new rigs, boasting a hashrate of up to 216 terahash per second (TH/s) for their air-cooled model and 319 TH/s for the hydro-cooled version.

Consumer prices in the US rose by 2.4% in September, above market expectations but still in a negative trend compared to the past few years.

Bitcoin slipped lower alongside global stocks after a slightly higher-than-expected U.S. inflation print and a jump in weekly jobless claims.

Although the Bitcoin price faces challenges in breaking out significantly from its support level of $60,000, recent on-chain data reveals a fascinating shift in sentiment among Bitcoin enthusiasts. Despite the ongoing price corrections, it appears that long-term holders remain undeterred.

The Blockstream founder was favored as the most likely figure to be revealed as Satoshi Nakamoto in the HBO documentary by Polymarket users.

Today, the South Korean Financial Services Commission (FSC) announced that it might review the approval of Bitcoin and other digital assets spot ETFs.

SEC Chairman Gary Gensler, known for his stance that most cryptocurrencies apart from Bitcoin are securities, recently shared his views on Bitcoin and the broader crypto market.

Earlier today, the U.S. Bureau of Labor Statistics reported that the annual inflation rate had increased to 2.4%, exceeding analysts' expectations.

American businessman and MicroStrategy CEO Michael Saylor, known for his radically bullish stance on major cryptocurrency Bitcoin (BTC), has unleashed an epic new post on his social media accounts. It should be noted that Saylor regularly shakes up the information field with his viral, unconventional statements on Bitcoin, often accompanied by some nonstandard image.

Key Points:

The Solana price has suffered along with the rest of the market today, falling by 2% in the past 24 hours as prices fall by 3% on average.

Anthony Pompliano, the Bitcoin (CRYPTO: BTC) bull and co-founder of Morgan Creek Digital, faced a turning point in 2022 when his cryptocurrency predictions failed to materialize as he had hoped. Known for his bold statements, Pompliano, who is a keynote speaker at Benzinga's Future of Digital Assets event on Nov. 19, had previously forecasted Bitcoin reaching $100,000 within 2.5 years when it was sitting around $12,000 in June 2019.

The crypto market has been seeing encouraging signs in October, with stablecoin liquidity surging and large Bitcoin transactions hinting at a possible price increase.

As bitcoin continues to gain traction as a financial asset, its role in reshaping traditional mortgages could mark a significant advancement for homeownership and the American Dream.