The price of Bitcoin has plunged over the last 24-hour period amid rising geopolitical tensions, to now trade around $61,000 after losing nearly 7% of its value. The drop- however, may be a temporary setback, as a cryptocurrency analyst has recently pointed to a potential surge to $90,000 this year.

Altcoin prices crumbled as Bitcoin fell to $60,000, but charts suggest buyers could step in soon.

Following a 5% drop on Tuesday, Bitcoin (CRYPTO: BTC) is down 0.3% to $61,680 on Wednesday afternoon, with analysts cautioning traders about potential further downside if key support levels don't hold. What Happened: Alex Kuptsikevich, senior market analyst at FxPro said a technical factor added to the selling: the day before, BTCUSD had fallen below its 200-day moving average, reinforcing the exit of ‘weak hands' from the asset.

TL;DR Bitcoin has reached a new technical high of $66,000, marking a significant change in its recovery, supported by record on-chain metrics. The similarities in BTC's performance with previous cycles suggest a comparable pattern, despite differing market conditions. The profitability of short-term holders has improved, and 47.

Solana (SOL) is currently trading near a critical support zone at $145, following a 26% surge since the Federal Reserve announced interest rate cuts on September 18. After this sharp rise, SOL experienced a slight 10% dip, but the overall market sentiment remains optimistic.

As more people embrace cryptocurrencies, blockchain platforms are enhancing their features to accommodate growing user needs. BNB Chain is working to make stablecoin transactions quicker, less expensive, and simpler. Simultaneously, Solana is advancing towards potentially equaling Ethereum's market share, bolstered by its efficient processing power and expanding ecosystem.

MicroStrategy (NASDAQ: MSTR) has become one way many investors have found to get into Bitcoin (CRYPTO: BTC). Looking at the returns of the two over the past three years, investing in MicroStrategy has been far superior to investing in Bitcoin.

The past few days have been turbulent for Bitcoin (BTC), with the leading cryptocurrency experiencing a decline of roughly 8% since September 29.

Despite Bitcoin's plunge below $63,000 due to Middle East tensions, W, CFX, and OM surged, bucking the broader market trend.

What underlying events triggered the sudden outflows from Bitcoin and Ethereum ETFs?

As we ring the curtain down on Q3, uncertainty surrounds Bitcoin's prospects of reaching six figures in this cycle. However, according to one crypto mining executive, BTC hitting fresh historic highs remains within reach.

Immediately following an escalation of tensions in the Middle East, the price of Bitcoin fell by approximately $4,000 on Oct. 1.

Bitcoin's demand has shown signs of stabilization, but a more significant uptick is required in Q4 to support higher prices, analysts said.

Tesla's Bitcoin investments have seen a dramatic turnaround, with its holdings increasing by roughly 220% since its last major sale.

The price of Ethereum (ETH) was moving in an uptrend range after breaking the moving averages and rose to a high of $2,732 but was then rejected.

Argentine Vice President and Senate President Victoria Villarruel held a private meeting about Bitcoin with El Salvador's President, Nayib Bukele, during the second days of his first official visit to Argentina.

As tensions in the Middle East intensify, Bitcoin ETFs face an unprecedented capital flight. This phenomenon, which manifested through massive outflows, has left investors in shock, reversing a bullish trend that seemed promising.

The potential return of Donald Trump to the presidency could substantially impact the approval of cryptocurrency exchange-traded funds (ETFs), particularly for XRP and Solana. The regulatory environment for these digital assets, which have been criticized for quite some time now, may be more favorable as a result of the Trump administration, according to Bloomberg analyst Eric Balchunas.

Ethereum may face a red Q4 due to historical patterns and market conditions.

Cryptocurrency experts are advising traders to remain vigilant and potentially reduce their long positions if Bitcoin (CRYPTO: BTC) trades below a critical support level amid conflicting signals in the broader economic landscape. What Happened: According to the latest 10x Research report, the crucial level to watch is the 21-week moving average, currently sitting at $60,918.

Vitalik Buterin, co-founder of Ethereum and one of the most influential figures in the world of cryptocurrencies, continues to emphasize the importance of decentralization and collaboration within the Ethereum ecosystem.

The prices of the top 10 coins remain in the red zone, according to CoinStats.

Bitcoin has moved away from the recent lows, seemingly headed to test the slight resistance at $62,000, with it somewhat recovering after the Iranian fireworks show over Israel.

Router Protocol, a Coinbase Ventures-backed decentralized blockchain network, is improving cross-chain functionality through a new integration with Solana.

While many crypto market participants had high hopes for the upcoming month of October, its arrival brought unprecedented disappointment, with Bitcoin (BTC) losing 3.98% right from the start and the total market capitalization of altcoins shrinking by $41.67 billion.

The market continues setting new local lows, according to CoinMarketCap.

Proton's legal team argued that the lawsuit should be thrown out due to its lack of solid legal grounds.

Former Goldman Sachs top manager and renowned cryptocurrency advocate Raoul Pal has brought an epic new Bitcoin (BTC) price prediction into the spotlight, expressing his agreement with the arguments presented. The analysis that caught Pal's attention uses the Wyckoff Accumulation Method, a trading strategy developed by Richard D.

Recently, the price of bitcoin has fluctuated noticeably due to traditional financial institutions adopting blockchain technology and rising international tensions.

The recent cryptocurrency selloff didn't shake pro-crypto bullish beliefs and one expert even claims that Bitcoin has historically outperformed gold during periods of excessive debt and leverage expansion in the financial system. However, the selloff has tested, perhaps more than ever before, the long-held belief that Bitcoin plays the role of “digital gold” and should

The sudden drop in Bitcoin's price may have scared several Bitcoin ETF investors, but BlackRock's iShares Bitcoin Trust (IBIT) held the floor. A Farside Investors report shows that only the asset manager purchased $40.8 million worth of BTC among all of its nine counterparts on Oct. 1.

On October 1st, the market for Ethereum-based exchange-traded funds (ETF) experienced a significant event: outflows from the Fidelity Ethereum Fund (FETH) exceeded 25 million dollars, marking a new all-time high for daily outflows among all U.S.

Despite the recent uptick in the crypto market, Ethereum (ETH) to clench the $3k mark. This price action shows that cryptocurrency has a long way to go to set a new all-time high. On the other hand, investors are moving towards Shiba Inu (SHIB) and DTX Exchange.

Bitcoin (BTC) hits a new technical higher high at $66k, with on-chain metrics suggesting a market shift, according to Glassnode Insights.

With central banks around the world cutting interest rates and injecting stimulus, how can you position your portfolio to benefit from the resulting increase in liquidity? Read on.

Younger generations are turning away from traditional financial plans like pensions and retirement funds which rely on fiat money.

Bitcoin price retreated for four consecutive days as the crypto fear and greed index moved back to the fear zone and as geopolitical risks rose. Bitcoin (BTC) fell to $60,200, its lowest level since Sep.

The SLNT Submersible Faraday Backpack may be a bit of a splurge, but it has all the features a Bitcoin privacy expert could want.

The best charts to read are the simplest. Bitcoin's chart right now could be on the first page of a book called "Technical analysis 101.

Bitcoin's recent surge in open interest beyond $35 billion has analysts worried about potential signs of froth in the market.

On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) saw $242.53 million exit, following a sharp drop in bitcoin's value. Similarly, the nine spot ethereum ETFs experienced a loss of $48.52 million in the day's trading. Fidelity and Grayscale Lead the Pack in Tuesday's ETF Outflows After a series of positive inflows, the 12 U.S.

TL;DR CME Group launched Bitcoin Friday Futures (BFF) on October 1, 2024, with 31,498 contracts traded on the first day. The product offers contracts equivalent to one-fiftieth of a BTC, with weekly expirations on Fridays. The launch aims to bridge the gap between traditional financial markets and the crypto market, providing greater flexibility and liquidity.

Ava Protocol, the event-driven EigenLayer Active Validated Service (AVS), joined Sony Block Solutions Labs to support developers and creators on Sony's public Ethereum Layer-2 (L2) blockchain, seeking to simplify users' experience and open opportunities by bringing automation to Soneium.

Ethereum (ETH) creator Vitalik Buterin isn't dissuaded by the controversy surrounding the decentralized betting platform Polymarket. The Polygon-based betting platform has sparked criticism for offering war markets related to the ongoing conflicts in the Middle East between Israel, Hezbollah and Hamas. Markets like “Israeli forces enter Lebanon in September?” and “U.S.

Marathon Digital Holdings, one of the largest Bitcoin mining companies, reported a 5% increase in Bitcoin production for September 2024. The company mined 705 Bitcoin (BTC), raising its total holdings to 26,842 BTC, according to company postings.

Bitcoin's price is currently trending down as a result of the potential war brewing in the Middle East. A key level is lost, which could lead to a further decline in the short term.

While October is a traditionally bullish month for the cryptocurrency space that between 2010 and 2023 saw an average gain of 28.7% for the cryptocurrency according to CCData, this year the month started with an aggressive sell-off.

Proton Management has filed a motion to dismiss a lawsuit brought against it by Swan Bitcoin, arguing that the claims are fundamentally flawed.