As the crypto market drops to $2.20T momentarily, the bearish influence is increasing again. The BTC price is back below $65k, and the Ethereum sell-off continues, dropping ETH to $2,630.
Bitcoin has crossed the 160-day threshold since the last halving event, which historically marks the point where major upward price movement begins.
The total crypto market cap has dropped to $2.370 trillion.
Crypto analyst Astronomer (@astronomer_zero) posits a strong bullish outlook for Bitcoin in the fourth quarter of 2024. Leveraging historical data, Astronomer provides an analysis via X, suggesting an 82% probability of an ultra bullish trend based on the performance of Bitcoin in September.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is setting its sights on matching Bitcoin's (BTC) impressive market value. Currently priced at about $2,634, Ethereum's market cap stands at approximately $318 billion, significantly trailing Bitcoin's staggering $1.298 trillion.
At the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing, former Chinese finance minister Lou Jiwei called on China to keep a close watch on cryptocurrency advancements, according to a recent report by Josh O'Sullivan for Cointelegraph.
Bitcoin on the rise! However, this increase could be jeopardized by investors if they do not adopt the right approach.
Bitcoin (BTC) is struggling to stay above the $65,000 mark, currently down 1.63% at $64,490. But despite this short-term dip, bullish vibes are building across the market.
The BTC/USD pair has come back down to the $64,500 horizontal level, which it has only recently flipped into support. Will Bitcoin bounce from here and break through the top of its bull flag, or is yet another rejection about to take place?
BTC is close to ending September up 9%, its best since 2013, ahead of a seasonally bullish October.
The sudden rise in Bitcoin (BTC)'s price has shocked both investors and analysts alike as the leading cryptocurrency closed at its two-month peak on September 28.
Bitcoin (BTC) continues to capture the attention of traders and investors alike, recent historical trends suggest that the cryptocurrency market may be on the verge of a significant upward movement. Analyzing technical indicators and market sentiment provides insight into what the future may hold for Bitcoin and the wider crypto landscape.
Bitcoin is expected to rally in Q4 2024 due to the US presidential election, economic factors, and historical trends, with experts anticipating potential new all-time highs.
An analyst who became popular after accurately calling the 2022 crypto meltdown believes Bitcoin (BTC) and altcoins are gearing up for bullish continuation. Pseudonymous analyst Capo tells his 102,828 subscribers on the instant messaging platform Telegram that a small pullback is in sight for BTC.
However, these are forecasts based on the past, which, however, does not necessarily have to repeat itself.
Even though the Fear and Greed Index is pointing at 61, Bitcoin slid down 1.70% in the last 24 hours. After reaching $66,450 Bitcoin price has returned to $64,140 after failing to register a support in upper areas. Let's discover the reasons for this price fall.
Bitcoin's potential Q4 gains highlight its resilience and attractiveness as a hedge against economic and political uncertainties. The post Bitcoin poised for Q4 gains amid US election uncertainty and halving impact appeared first on Crypto Briefing.
MicroStrategy was one of the early institutional investors in Bitcoin. The move has now paid off a 36x return on its initial investment as it remains the largest public holder of BTC.
Neither US party has attempted to adequately address the country's spiraling debt and deficit problem, which will play into Bitcoin's hands post-election, says a hedge fund manager.
Neither party has adequately addressed the country's spiraling debt and deficit problem, which will play into Bitcoin's hands post-election, a hedge fund manager said.
An expert analyst has expressed confidence in the cryptocurrency market, explaining the technical analysis behind the positive outlook. In a latest analysis by Allincrypto, the host/analyst discussed the impact of macroeconomic factors, pointing out that central banks worldwide (except Japan's) are lowering interest rates, weakening currencies, and increasing global liquidity.
Cryptocurrency Prices Today: The global cryptocurrency market is showing a slight 0.13% increase over the past 24 hours, bringing the total market cap to $2.31 Trillion. However, 24-hour trading activity has taken a significant dip, dropping by 18.72%, now sitting at $47.37 billion.
BTC has registered its first three-week winning trend since February.
Investors now look to the upcoming Monday speech from Fed Chair Jerome Powell and the non-farm payroll data set to be released on Friday.
Rising US BTC-spot ETF inflows boost BTC demand, but looming Mt. Gox repayments and US economic data may pose supply risks for Bitcoin investors.
From a technical perspective and looking at historic trends, the only way for the crypto market to go is upward.
The crypto prices today have illustrated mixed actions, stirring investor speculations globally. Bitcoin (BTC) price slipped to the $64K level, whereas Ethereum (ETH) and Solana (SOL) encountered significant volatility.
Following the last week of upside, Bitcoin (BTC) along with the broader crypto market has come under selling pressure in the early trading hours on Monday. The BTC price is down 1.97% trading at $64,536 levels as the Japanese Nikkei 225 index slides nearly 5% today.
The Bitcoin price is plunging! The token has held the resistance at $65,500 throughout the weekend, suggesting a probable bullish close for the quarter. Woefully, the sluggish behaviour of the bulls enabled the bears to intensify their activity and cause significant harm to the rally.
Santiment says there's nearly double the amount of bullish posts to bearish ones on social media.
Santiment says there's almost double the number of bullish posts to bearish ones on social media.
Bitcoin (CRYPTO: BTC) advocate Jamie Robinson recently drew attention to digital displays exhibiting the price of the leading cryptocurrency in El Salvador, a sight visible to thousands of commuters daily. What Happened: On Saturday, Robinson took to X to highlight Bitcoin's rising mainstream acceptance in the Central American nation.
Bitcoin's $20 billion short liquidity looms with increased bullish signals.
Bitcoin price extended its increase above $66,000. BTC is now correcting gains below $65,500 and might continue to move down toward $64,000.
Leading cryptocurrencies traded flat Sunday ahead of Federal Reserve Chair Jerome Powell's speech on the direction of interest rate cuts in the coming months. Cryptocurrency Gains +/- Price (Recorded at 9:45 p.m.
Coinbase Institutional's report highlights optimism for the crypto market, driven by expectations of U.S. rate cuts and China's monetary stimulus, which could boost bitcoin's performance in Q4 2024. While bitcoin remains strong, ethereum faces challenges with rising transaction fees and limited impact from U.S. spot exchange-traded funds (ETFs).
As it approaches the $70,000 price level, Bitcoin is exhibiting strong signs of recovery more than it has in months. With its momentum suggesting more upside potential, Bitcoin's recent price action has seen it break through multiple significant resistance levels.
The crypto-keen, stock market-listed Japanese firm Remixpoint has announced it has used its balance sheet to buy Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Avalanche (AVAX) holdings.
China-focused stablecoin data, retail investor participation and skeptical BTC derivatives markets are all signs that Bitcoin price is not primed for a new all-time high.
Bitcoin's monthly close could reverse a 6-month-long downtrend and signal traders' intent to push BTC price to new highs.
A bearish divergence appeared on Bitcoin's chart. Does this mean a plummet to $60k?
Bitcoin price shows a modest loss of 0.13% during Sunday trading, currently trading at $65789. If the monthly candle closes around the aforementioned value, September 2024 would record around 15% growth.
After recently breaching the $65,000 mark, Bitcoin's (BTC) price may have hit a brick wall. While this recent price increase indicates strong bullish momentum, historical patterns suggest that BTC could pull back before the rally continues.
Bitcoin is en route to locking in a historic monthly performance, which could set a bullish path for XRP, TAO, RUNE, and SEI.
The general consensus is that Bitcoin is gearing up for a rally that would send it past its all-time high in the coming weeks.
Learn about Fidelity's FBTC Spot Bitcoin ETF, what it is, how it works, and step-by-step instructions on how to buy it to diversify your investment portfolio.