According to a recent research note by Greg Cipolaro, Global Head of Research at NYDIG, Bitcoin posted a modest 2.5% gain in the third quarter of 2024, bouncing back after a decline in Q2.

Bitcoin price is showing resilience, trading at $63,500 with a 1.2% gain on the day, supported above the $62,850 pivot level. As markets digest news of Kraken's new regulated derivatives platform in Bermuda and shifting investor sentiment in China, Bitcoin remains in focus.

Despite Bitcoin's recent strong performance and anticipation of new all-time highs, significant market dynamics are emerging.

Bitcoin (BTC) appears to be at a critical juncture as it eyes a potential rally toward $70,000. Recent data indicates an uptick in USDT borrowing among traders, suggesting that many are preparing to buy the dip as BTC navigates a series of price fluctuations.

With Bitcoin heading above the $63k mark after a bearish first week of October, the meme coins are scaling to new heights. Ignoring the chances of a World War, the crypto market seems to be preparing for its historic October rally.

Bitcoin (BTC) surged above $62,700 on Monday, gaining more than 1.32%, after a stronger-than-expected U.S. jobs report on Friday cooled recession fears.

A closely followed analyst who correctly called Bitcoin's pullback earlier this year is unveiling his most bearish scenario for BTC. In a video update, pseudonymous analyst Rekt Capital tells his 90,500 YouTube subscribers that he's keeping a close eye on Bitcoin's reaccumulation support at $60,000.

A busy week lies ahead on the United States economic calendar, with all eyes on key inflation data which could influence central bank policy decisions.

Bitcoin's wild price swings have intrigued investors and traders for over a decade. The first official exchange rate for the cryptocurrency was set on October 5, 2009, through the New Liberty Standard Exchange.

Bitcoin remains the top-performing asset of 2024, even after navigating a “seasonally weak” third quarter, according to a report from the New York Digital Investment Group (NYDIG).

Bitcoin's momentum appears to be weakening as long-term holders (LTHs) reduce their exposure.

Japanese budget hotel operator turned investment firm, Metaplanet, purchased $6.7 million worth of Bitcoin. This brings their total Bitcoin reserves to 639.50 BTC.

The Bitcoin market opened with a big green candle in the Asian market. BTC took a surge of 1.64% and hit the resistance zone under $64,000. The zone rejected the price and sent it back to $63,450 where it is trading at the time of writing.

Cryptocurrency Market Overview: The global cryptocurrency market has seen a notable rise, with the market cap at $2.21 trillion. The overall trading volume in the market has taken a hit, dropping by 39.57% to $51.79 billion.

Market activity over the weekend has been low, with trading volume dropping significantly from last week's peak of around $55 billion to about $12.4 billion. This low volume could lead to volatility in the coming days, especially with liquidity concentrated around key levels like $63,000 and $59,500.

Metaplanet, Japan's MicroStrategy, has purchased an additional 108.786 Bitcoin for roughly $6.7 million, according to a recent announcement by CEO Simon Gerovich.

The Japanese investment firm has scooped up more than 200 Bitcoin so far this month.

The Tokyo-listed firm purchased an additional 108.786 bitcoin, worth about $6.7 million at current market prices.

Bitcoin could be on the verge of reaching a new record high of over $74,000 this month, with several factors contributing to a bullish outlook for the largest cryptocurrency by market capitalization.

Bitcoin poised for gains as metrics and liquidity signal potential bullish trend.

Asia's MicroStrategy Metaplanet has continued with its Bitcoin buying spree week after week thereby increasing its stack to more than 639 Bitcoins following today's purchase. The Japanese firm announced a fresh investment of 1 billion Japanese Yen in the early trading hours on Monday, Asia market.

Memecoins have been one of the best-performing crypto sectors in the past year, buoyed by vibrant social communities and attention in the market.

Metaplanet Inc. (Tokyo:3350), a Japanese long-standing company that deals with hotel asset management and operations, announced earlier today that it had acquired an additional 108.786 Bitcoins, for about $6.7 million at an average price of around 61.9k. As a result, the company now holds a total of 639.503 Bitcoins, worth approximately $40.5 million.

Welcome to Latam Insights, a compendium of Latin America's most relevant crypto and economic news from the past week. In this issue, El Salvador's President Nayib Bukele meets with President Milei in Argentina, offering bitcoin advice to the Senate, and Uruguay passes a cryptocurrency law after over two years of discussion.

Japanese investment firm Metaplanet declared Monday that it added another 108.78 Bitcoin to its portfolio for 1 billion yen ($6.7m).

Saylor Academy, a non-profit organization providing free and open online education material, introduced a new AI-powered course, “What is Money?” to help students grasp the philosophical aspects of the Bitcoin (CRYPTO: BTC) ecosystem.

Bitcoin's resilience amid market challenges highlights its potential as a diversification tool, yet underscores a competitive investment landscape. The post Bitcoin's lead narrows but still outpaces other assets despite Q3 downturn: NYDIG appeared first on Crypto Briefing.

The Bitcoin market is going through a delicate phase, marked by increased volatility and significant capital movements. Recent on-chain data reveals contrasting behaviors among investors, suggesting upcoming turbulence.

Bitcoin is currently exactly where it was in the last two cycles, said NYDIG's research head Greg Cipolaro, who said crypto could be in for a big Q4.

Bitcoin's rally is mainly on the back of positive US job market data and expectations of another Fed rate cut in November, analysts said.

Bitcoin (BTC) pushes toward $65K as US jobs data boosts demand. ETF inflows rise, supporting bullish trends amid key market and political risks.

The International Monetary Fund (IMF) has advised El Salvador to narrow the scope of its bitcoin law, strengthen regulation and oversight of the cryptocurrency, and limit public sector exposure. The IMF remains engaged with the country to support reforms and ensure bitcoin adoption does not threaten financial stability.

Here's BlackRock's insights and selling points for BTC and ETH.

Bitcoin price started a fresh increase above the $62,000 zone. BTC is gaining pace and might aim for more gains above the $63,500 zone.

Leading cryptocurrencies rallied Sunday overnight as investors remained optimistic following a healthy employment report. Cryptocurrency Gains +/- Price (Recorded at 8:45 p.m.

Bitcoin (BTC) is currently the center of attention for traders and analysts alike. With Bitcoin trading at approximately $61,948, a recent uptick of 2.1% in the last 24 hours has raised questions about whether it could soon reach new all-time highs.

With indications of a potential recovery on its price chart, Shiba Inu is subtly setting itself up for a breakout. Now that SHIB is above its 200-day exponential moving average, which is frequently a crucial indicator for a change in market sentiment, it has emerged from a difficult period of consolidation and declining pressure.

A widely followed crypto analyst says that one meme asset that has seen a 300x surge in under a year is on the brink of sparking another major rally.

The cryptocurrency market is witnessing a tense tug-of-war between bullish and bearish sentiment as the Bitcoin Fear & Greed Index recently fell into the “fear” zone. On Friday, the index registered a score of 37, according to data from Crypto Quant, indicating a heightened sense of caution among investors.

Bitcoin continues to make headlines, surging to $62,000, as financial giant BlackRock positions the cryptocurrency as a hedge against the weakening U.S. dollar. This latest move comes after a 2.20% price increase on Friday, pushing Bitcoin to levels that have reignited interest from investors and analysts alike.

Bitcoin is facing new pressures, and it shows in the market data. Both long-term and short-term holders are making moves that suggest growing weakness in Bitcoin's price.

Bitcoin's recovery above $62,000 is having a positive impact on altcoins, boosting prospects of a rally in APT, WIF, FTM and BGB.

A closely followed crypto strategist believes it is within the realm of possibility for Bitcoin (BTC) to witness an abrupt rally to $68,000. Pseudonymous analyst Credible Crypto tells his 423,300 followers on the social media platform X that a relief rally is in sight for Bitcoin and the altcoin market.

Despite ending the last day of the week with inflows, Spot Bitcoin ETFs in the United States closed out the week with a net outflow. In particular, the ETFs logged $25.

Ethereum and Bitcoin, two of the world's largest blockchains, are facing significant challenges in scaling their networks. As more users and transactions move to layer two (L2) solutions, these systems could undermine the security and sustainability of the base layer (L1), with fees and rewards for miners and validators dwindling.

The following is a guest post from Shane Neagle, Editor In Chief from The Tokenist. In the digital age, financial privacy has become a pressing issue because surveillance is ingrained in all electronic transactions.

Bitcoin evangelist Michael Saylor recently took to the X social media network in order to urge his followers to buy "a piece of cyberspace."