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news-imageSeptember 27, 2024

Crypto, Stocks Correlated at 50%: October Poised for Big Gains in BTC and Scaling Solutions

TL;DR The Token2049 event and the Solana Breakpoint conference in Singapore created an optimistic environment in the crypto sector. Despite the enthusiasm for Bitcoin, concerns arose about Ethereum, which has underperformed since the launch of BTC ETFs in the U.S.
Publisher: Crypto Economy
Sentiment: Positive
BTC

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Positive
cover-imageCryptoSlate
September 27, 2024

Bolivian crypto transactions soar after lifting Bitcoin ban

According to a report from the Central Bank of Bolivia (BCB), virtual asset transactions in Bolivia more than doubled in the last three months after the country lifted its ban on Bitcoin. Between July and September, the average monthly trade volume soared to $15.6 million, compared to $7.

Positive
cover-imageBenzinga
September 27, 2024

Bitcoin, Ethereum, Dogecoin Close Out Strong Week On A High: 'Play Offense,' Says Bullish Trader

Cryptocurrency markets are finishing the week on a high, with Bitcoin peaking past $66,000 in midday trading. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $65,934 +1.1% Ethereum (CRYPTO: ETH) $2,705 +1.9% Solana (CRYPTO: SOL) $158.59 +1.3% Dogecoin (CRYPTO: DOGE) $0.1246 +5.3% Shiba Inu (CRYPTO: SHIB) $0.00002052 +10.9% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 3.7% and daily active addresses rising by 1.3% for Bitcoin.

Neutral
cover-imageNewsBTC
September 27, 2024

Bitcoin Futures Under Pressure: $64,000 Support Critical To Avert Long Squeeze

With Bitcoin (BTC) hitting a near three-month high of $66,000 on Friday, technical analyst InspoCrypto suggests that the BTC futures market is at a critical juncture, with the potential for further short squeezes and the importance of maintaining support around the $64,000 level. Divergence Despite BTC Uptrend The analyst recently noted in his writing that the latest data shows that the BTC/USDT price chart hit a Friday high of $66,106, reflecting bullish sentiment as the cryptocurrency continues to climb.

Negative
cover-imageCoindesk
September 27, 2024

The Paradox of the Bitcoin Maximalist

When Bitcoin is dominated by major institutions (and Bitcoiners are asking for approval from presidential candidates) we are in danger of creating centralized decentralized finance, something Bitcoin's founders never intended, says Jason Dehni, CEO of Credbull.

Positive
cover-imageThe Currency Analytics
September 27, 2024

Long-Term Bitcoin Holders Are Holding Firm: What's Next for BTC

Bitcoin (BTC) has been in a consolidation phase for the past two months, fluctuating between $50,000 and $64,700. While the price has struggled to regain its previous highs, a noteworthy trend is emerging among long-term Bitcoin holders (LTH): they are choosing to hold onto their coins.

Positive
cover-imageBitcoin
September 27, 2024

Bitcoin ETFs See $365M Inflows as Ether Funds Slip

On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) saw gains, while their ether-focused counterparts faced a decline during the day's trading session. ARKB Tops Bitcoin ETF Gains as Ether Funds Fall by $675K U.S. bitcoin ETFs saw a hefty $365.57 million in positive inflows on Thursday, with Ark Invest and 21shares' ARKB leading the charge.

Positive
cover-imageFinbold
September 27, 2024

Short squeeze alert: Bitcoin is poised to melt some faces

Bitcoin (BTC) is still in an over six-month downtrend, displaying a shorter-term side action in what the market calls consolidation. Bulls and bears are fiercely disputing the narrative, while the price illustrates analysts' disagreement on the leading cryptocurrency's next move.

Negative
cover-imageBitcoin
September 27, 2024

Swan Bitcoin Alleges Ex-Employees Conspired to Steal Mining Business

A newly filed lawsuit claims that Swan Bitcoin, a financial services company focused on bitcoin, is accusing former employees of trying to hijack its “billion-dollar bitcoin mining business.” According to the suit, Swan's subsidiary Electric Solidus alleges that Proton Management dubbed a “copycat company” in the filing, stole trade secrets from their mining operations.

Positive
cover-imageBenzinga
September 27, 2024

Bitcoin Could Sail To $70K On The Tailwinds Of Stablecoin Minting, Chinese Stimulus, Renewed Altcoin Activity: 10x Research

With Bitcoin (CRYPTO: BTC) breaking above $66,000, 10x Research predicts a swift move towards $70,000 and new all-time highs, fueled by stablecoin minting, monetary stimulus in China and renewed altcoin activity. What Happened: The 10x Research analysts led by Markus Thielen highlighted in their latest report that since the Federal Reserve's September rate cut, Bitcoin and Ethereum (CRYPTO: ETH) have surged 5% and 11%, respectively.

Positive
cover-imageBenzinga
September 27, 2024

Bitcoin Smashes Through $66,000 As ETFs Take In $365M To Extend Their Inflow Streak To 6 Straight Days

Bitcoin (CRYPTO: BTC) is up 2% to $66,300 in Friday's trading session, marking a gain of 14% over the last two weeks as Bitcoin spot ETFs reported the sixth consecutive day of positive fund flows on Thursday. What Happened: Leading the charge of the $365.57 million net inflow, Ark Invest and 21Shares‘ ETF (CBOE: ARKB) took in $114 million, while BlackRock‘s ETF (NASDAQ:IBIT) attracted $93.3755 million, according to data from SoSo Value.

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