The broad-based CoinDesk 20 (CD20), a liquid index tracking the largest tokens by market capitalization, lost 2.1%.
The institutional investment giant has bought a huge stack of Bitcoin while its competitors have been offloading.
The topic of government deficits has gained significant attention, especially as countries grapple with rising debts and economic uncertainties. A government runs a deficit when it spends more money than it receives in income, primarily through taxes.
BlackRock's Bitcoin fund carried over to the rest of the United States spot Bitcoin ETFs, which recorded a net inflow of $294 million on Oct. 21.
Bitcoin's derivatives market has reached a historic peak as open interest (OI) in Bitcoin futures hit a staggering $40.5 billion, according to the latest report by Coin Glass. This milestone reflects heightened market activity and investor confidence in the leading cryptocurrency, which recently saw its price surge to nearly $70,000.
Asia's MicroStrategy Metaplanet recently raised fresh capital of 10 billion Japanese Yen through its stock sale, in preparation for its next mega Bitcoin purchase. Earlier today, the company concluded its 11th series of Stock Acquisitions Right.
The crypto prices today appear to have faced a setback, as Bitcoin (BTC) price waned to the $67K level over the past day. Ethereum (ETH), Solana (SOL), & XRP prices also mirrored a downside momentum, sparking market concerns.
Bitcoin (BTC) prepares for what some analysts believe could be a significant price surge. The co-founders of Glassnode, a prominent crypto analytics platform, have shared insights suggesting that Bitcoin is on the brink of a breakout after a prolonged period of consolidation.
Institutional interest in Bitcoin ETFs remains strong, potentially stabilizing the market amid geopolitical uncertainties and economic shifts. The post BlackRock Bitcoin ETF records $329 million net inflows despite market retreat appeared first on Crypto Briefing.
CryptoQuant analyst Burak Kesmeci's recent report revealed a significant notable rise in Bitcoin accumulation addresses, which now surpasses 2.9 million BTC. These addresses have steadily increased their holdings without selling despite the market's uncertainty, doubling their Bitcoin reserves in just 10 months.
Metaplanet Inc. (Tokyo: 3350), a company focusing on hotel asset management and operations, has announced detailed plans to strengthen its Bitcoin (BTC) strategy through stock sales. Earlier in August, the company's board members approved a plan to sell common stock worth over ¥10 billion, equivalent to around $6.
Bitcoin's back-to-back ‘Super Signals' hint at a massive rally—10,000% gains on the horizon?
Bitcoin price extended gains above the $69,200 resistance zone. BTC is now correcting gains and trading near the $67,500 pivot level.
Crypto funds have reported an impressive $2.2 billion in inflows over the past week. This surge marks the largest weekly increase since July 2024, with Bitcoin leading the charge by attracting $2.13 billion in new investments.
Leading cryptocurrencies made a sharp U-turn Monday, mirroring the pullback in stocks, as the ‘Uptober' rally takes a halt.
The cryptocurrency market is experiencing a remarkable surge, driven largely by substantial inflows into Bitcoin exchange-traded funds (ETFs) that have exceeded $2.1 billion over the weekend. This uptick has not only boosted Bitcoin's price, reaching an impressive $68,738, but has also positively impacted other cryptocurrencies, signaling a transformative moment for the digital asset landscape.
In comparison to its rivals, XRP has been underperforming among the top 10 cryptocurrencies exhibiting the least amount of price movement. The asset has been stuck in a declining range for the past few weeks, unable to break through local resistance levels.
Alan Santana, a crypto analyst on TradingView, has predicted that the Bitcoin price could potentially experience a drastic decline to new lows around $35,720, driven by muted buying volume. The analyst has declared that the current state of the market is bearish, highlighting potential manipulation from whale investors.
Bitcoin (BTC) continues to demonstrate strength, maintaining a trading price above $68,000, despite the common pattern of reduced trading volumes over the weekend. Meanwhile, analysts are turning their attention to potential upward movements for Arbitrum (ARB) and Ethereum (ETH) in the weeks ahead.
Bitcoin (BTC) has recently experienced a surge in buying pressure, but market indicators suggest that a correction could be on the horizon. As the leading cryptocurrency trades around $68,423.71, a sell signal has appeared on its chart, prompting speculation about whether Bitcoin will dip back to $66,000.
A recently released HBO documentary used a series of interviews and clues to narrow down the identity of Bitcoin (CRYPTO: BTC) creator Satoshi Nakamoto to one man, someone who happens to deny the claim. Another person who wasn't Satoshi Nakamoto was entrepreneur and industrialist Henry Ford, who founded Ford Motor Co (NYSE:F).
With the SEC's approval of options for spot Bitcoin ETFs, analysts expect another wave of institutional adoption and associated volatility.
A group of BTC miners, including Riot Platforms, Clean Spark, and Mara Holdings, is throwing their weight behind the new Bitcoin Voter PAC, as competition intensifies to influence the outcome of the 2024 election.
Bitcoin continues to make waves in the cryptocurrency market, miners are at a pivotal point. Recent fluctuations in Bitcoin's hash price, which represents the estimated daily earnings for each petahash per second (PH/s) of mining power, highlight the challenges and opportunities that lie ahead.
Northern Data AG, a German infrastructure company specializing in cryptocurrency and artificial intelligence, announced on Monday that it is exploring a potential sale of its Peak Mining unit to refocus its efforts to allocate funds for expanding its artificial intelligence operations.
Bitcoin is making headlines again as its price recently climbed to $69,055, marking a modest increase of 0.8% amid relatively low market volatility. This resurgence comes after a week of notable trading activity, suggesting that buyers are regaining the momentum that had waned following an earlier rally.
Bitcoin has experienced a strong upsurge over the past week, but market fundamentals suggest a potential correction.
Bitcoin hit roughly $69,400 over the weekend before retreating slightly as wars rage on and the US election approaches.
The Federal Reserve Bank of Minneapolis is recommending that governments tax or ban Bitcoin to prevent the cryptocurrency from destabilizing fiscal policy. With U.S. deficits at record highs, the Fed suggests Bitcoin could make budget management increasingly difficult.
BTCUSD Soars: Will $70K Be Within Reach? Bullish Momentum Builds!
Bitcoin continues to stand out as a leading asset for wealth creation. According to the latest report by Henley & Partners, a staggering 49.6% of all crypto millionaires attribute their success to Bitcoin.
A widely followed crypto analyst says that Bitcoin (BTC) is gearing up for a new vertical leg as it mirrors past movements of a major stock index.
Bitcoin price approached $70,000 during Asia's morning trade Monday, while a key technical analysis indicator flipped positive on the weekly chart for the first time since April, sending a clear bull signal for the largest cryptocurrency by market cap. CoinDesk Anchor Christine Lee presents the "Chart of the Day.
The Bitcoin (BTC) hashrate, a measure of the total combined computational power used to mine and process transactions on the proof-of-work blockchain, has continued to grow. While this metric is crucial to gauge the adoption and network security level, many still wonder what will keep the BTC hashrate sustainable.
Bitcoin faces a pullback, but altcoins see gains as macroeconomic factors and U.S. election optimism fuel the crypto market.
Ionic Digital has revived its plans for an initial public offering (IPO) following the appointment of BDO USA as its new auditor. The company, which is primarily involved in bitcoin (BTC) mining, also revealed that it holds 2,102.29 BTC, valued at $135.3 million as of Sept. 30, 2024.
Bitcoin retreats after testing support at $69,000 level: CNBC Crypto World 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, Crypto World explores a growing trend of partnerships between crypto and Formula 1 racing teams.
As Bitcoin (CRYPTO: BTC) inches closer to its all-time high, experts predict a bullish momentum for the leading cryptocurrency, while (CRYPTO: XRP) is mired in regulatory uncertainty due to the ongoing SEC appeal against Ripple . What Happened To Bitcoin: Market analysts from Bitget and Hashdex have weighed in on the diverging futures of Bitcoin and XRP, citing regulatory and market factors shaping their trajectories.
The ECB's latest report on Bitcoin highlights potential wealth inequality effects, sparking backlash from the crypto community.
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A unique Bitcoin price model charts a potential $285,000 top for BTC in 2025.
A unique Bitcoin price model charts a potential $285,000 top for BTC in 2025.
The Federal Reserve Bank of Minneapolis has recommended a tax or ban on Bitcoin. In a recently published working paper, the Minneapolis Fed described this as necessary for the government to maintain a permanent primary deficit.
Bloomberg Intelligence senior ETF analyst Eric Balchunas examines the ETF market's role in the latest Bitcoin surge and an unusual trend playing out for gold investors. Eric speaks with Paul Sweeney and David Gura on Bloomberg Radio.
Chainalysis faces a $650 million defamation lawsuit, the EU's ESMA pushes for MiCA amendments, Cyprus and Ireland scramble to align with regulations, and Italy plans to hike tax on Bitcoin.
Investors are feeling bullish about Bitcoin again, with over $2 billion flowing into ETFs last week as BTC flirted with $70,000.