Key points:

Rising tensions in the Middle East seem to be the predominant reason behind Bitcoin's latest drop.

Sanctioned crypto mining firm BitRiver suggests Russia could soon outpace the U.S. in mining due to favorable regulations. As U.S.

Bitcoin mining revenues are slowing down, affecting the margins of both individual and corporate miners. Activity and fees are trending down as interest in Runes and Ordinals diminished.

A popular on-chain analyst says Bitcoin (BTC) is no longer looking bearish based on several key indicators. Pseudonymous on-chain sleuth Checkmate tells his 98,300 followers on the social media platform X that Bitcoin's Active-Value-to-Investor-Value (AVIV) ratio has moved from a downtrend signal to a neutral one.

Gold price gained in value in the past 24 hours while Bitcoin price declined around 4 percent as Iran attacked Israel in an escalating Middle East geopolitical crisis.

Proton Management denies stealing Swan Bitcoin's mining business, arguing that Swan never had a mining business to steal, and seeks dismissal of the lawsuit.

September posed significant challenges for Bitcoin, from record-low mining profitability and price drops due to

The outflows snapped an eight-day winning streak as BTC lost as much as 6% amid an acute heightening of tensions in the Middle East.

Bitcoin remains bearish despite the recent rally, with critical levels to watch for a potential trend reversal.

Bitcoin has reached a significant milestone, soaring past the $64,000 mark on October 1, 2024. This surge follows an impressive month in September, where the popular cryptocurrency recorded a 7.3% increase, marking it as the strongest September performance in its history.

Bitcoin's sudden drop to $60,300 triggered $450 million in liquidations amid Middle East tensions, despite October's historically bullish trend for cryptocurrencies.

Bitcoin (BTC) surges 26.2% since early September, hitting $65,000. Historical trends suggest October could be a bullish month, according to Bitfinex Alpha.

Middle Eastern tensions heightened considerably on Tuesday as Iran fired a barrage of missiles into Israel, following the Israeli incursion into Lebanon. Markets fell on the news, and Bitcoin crashed to $60,200 before recovering.

Global liquidity trends, driven by China's monetary policy and potential Fed rate cuts, may influence Bitcoin's price trajectory in the coming months.

The thesis that Bitcoin (CRYPTO: BTC) would keep investors' wealth secured during geopolitical risks was negated after the leading cryptocurrency plunged along with stocks over fears of a full-fledged war in the Middle East. What happened: The world's largest cryptocurrency slipped below $62,000, down about 3.52%, as news of Iran launching a missile barrage toward Israel spooked markets.

In a recent interview, Michael Novogratz, CEO of Galaxy, predicted a significant boost for Bitcoin (CRYPTO: BTC) with the advent of options trading on ETFs. This forecast comes amidst ongoing discussions about the Federal Reserve's interest rate decisions and their potential impact on Bitcoin prices.

Bitcoin price opened trading at $60,800 on Oct 2, down 9.5% in 3 days, can BTC hold the $60k support amid escalating crisis in the Middle-East?

U.S. spot bitcoin ETFs recorded $242.53 million in net outflows on Tuesday, with Fidelity's FBTC leading the outflows.

Bitcoin's mining activity is often seen as a barometer for the overall health of the market. Recent on-chain data reveals that Bitcoin's mining hashrate has settled at low levels, concerns about miners' confidence in the cryptocurrency's ability to maintain its recent rally.

Bitcoin mining companies saw a sharp decline in profitability in September, according to an article by David Pan for Bloomberg News, citing a report by J.P. Morgan. Analysts Reginald L.

The cryptocurrency market faced a sudden downturn Tuesday morning, with Bitcoin (BTC) dropping to as low as $60,371.

Bitcoin is back to red at press time, looking at the performance in the daily chart. After the close of the unexpectedly bullish September bar, the coin started on a weaker footing in October, dropping nearly 5% from the $65,000 and $66,000 resistance zone.

As tensions rise in the Middle East, commodities like gold and crude oil are seeing notable price increases, while Bitcoin has taken a downturn. This divergence has reignited debates over Bitcoin's role as a safe-haven asset. According to a report by Martin Young for Cointelegraph, on Tuesday, gold surged by 1.

Spot Bitcoin exchange-traded funds recorded significant outflows ending their eight-day inflow streak on Oct. 1 as Bitcoin retreated below $62,000 amid rising tension in the Middle East.

The world is going through a challenging geopolitical situation. Whether it be the case of the political instability in the Middle East or the uncertainty in Europe, the situation is highly unpredictable, and anything can happen at any time.

Crypto market capitalization dropped 5% on average as Middle East tensions flared up late Monday, denting growth in risk assets.

Michael Dell, the founder and CEO of Dell Technologies, has made headlines again by selling 10 million shares of his own company for approximately $1.22 billion. This sale marks Dell's second significant divestment in September, drawing interest regarding his intentions, particularly related to Bitcoin.

Cryptocurrency Market Today: The market capitalization of the cryptocurrency industry has decreased by 4.25% to $2.16 trillion, indicating that the sector is currently in a decline globally. The Middle East's conflict tensions coincide with this drop. On the other hand, trading activity spiked, with 24-hour volumes rising by 42.81%, suggesting more volatility.

Peter Brandt, one of the most prominent commodity traders, has weighed in on Bitcoin's latest price drop, arguing that the bulls would need to reclaim $71,000 in order to regain momentum.

Bitcoin price dropped below $61,000 and triggered more than $500 million worth of liquidations over the past 24 hours. The drop is seen in the U.S. stock markets too, which is speculated to be an outcome of the growing tensions between Iran and Israel.

Bitcoin experienced a sharp decline, plummeting from $65,000 to $63,300 within a short span. This unexpected drop has caught many investors off guard, especially as bullish sentiments had been gaining momentum.

The outflow has reversed an eight-day trend of consecutive inflows totaling $1.4 billion.

Geopolitical tensions are causing significant volatility in Bitcoin markets, challenging its status as a safe haven asset and impacting investor behavior. The post US Bitcoin ETFs face setbacks as Bitcoin retreats amid rising Middle East conflicts appeared first on Crypto Briefing.

The biggest of the cryptos took a nosedive as Middle East conflict fears sent investors fleeing risky assets. Bitcoin (BTC) which climbed to $64,000 recently plunged back to $60,000.

Global equities and risk assets such as bitcoin took a hit Tuesday as Iran launched missiles on key Israeli locations, with the latter threatening retaliation in the coming days.

The cryptocurrency prices today have once again sparked a tidal wave of speculation among market watchers globally. Bitcoin (BTC) price waned to the $61K level today, whereas Ethereum (ETH), Solana (SOL), and XRP prices followed with a turbulent action.

Bitcoin prices have tanked following the escalating conflict in the Middle East, but this is nothing new.

Bitcoin dropped to around $60,000 Wednesday following Iran's missile strikes on Israel. The strikes were in retaliation for Israel's killing of militant leaders and its aggression in Lebanon against Hezbollah.

Even as investors attempt to discern the economic impact of flaring tensions in the Middle East, four major tailwinds for Bitcoin stand out.

Bitcoin exchange-traded funds (ETFs) have experienced remarkable inflows, totaling over $500 million in just two days. This surge, highlighted by a record-breaking single-day inflow of $494.4 million on Friday, underscores growing institutional interest and confidence in Bitcoin as a viable investment.

Bitcoin is now trading at a crucial level following a 5% dip from its recent local highs of around $66,500. The entire crypto market is experiencing volatility, yet investors remain optimistic about the months ahead.

The question still comes up – is crypto too complex for the ‘average user' to understand? The answer seems straightforward. Bitcoin quickly became a cultural phenomenon – appearing in rap songs and movies – and then was adopted by national governments and major corporations. It is safe to say that the people get it.

The price of Bitcoin fell around $4,000 after Iran fired around 200 ballistic missiles at Israel, escalating the conflict in the Middle East.

Pantera Capital outlines why Bitcoin embodies the ideal financial inclusion product, emphasizing its borderless, permissionless, and cost-effective features.

The price action since June has been characterized by a series of lower highs and lower lows- a downtrend that is still unbeaten.

In a groundbreaking move, cryptocurrency index fund manager Bitwise Asset Management filed for an XRP (CRYPTO: XRP) exchange-traded fund (ETF), a first for the U.S. market. What Happened: Bitwise submitted the ETF filing on Monday to Delaware's Department of State's Division of Corporations.