According to the latest on-chain data, demand for Bitcoin, the world's largest cryptocurrency, has been picking up pace over the last few days.
To put this in perspective, consider the chart of the logarithm of Bitcoin's price, and let's forecast it forward.
Ethereum layer-2 network Base recorded 6 million daily transactions on October 12, shattering its record for most transactions in a single day set only a few weeks ago. The network's creator, Jesse Pollack shared the milestone on X, showing that the network recorded 6.1 million daily transactions, with an average of 5.
According to data from SoSoValue, the US-based spot Bitcoin ETFs have recorded over $300 million in net inflows over the past week, representing a return to the market's positive trajectory after a bearish first week in Q4 2024. Meanwhile, the Spot Ethereum ETFs still retain a negative performance despite a reduction in net outflows.
A Newport-based IT engineer, James Howells, is suing the Newport City Council for £495 million (around $647 million) after inadvertently discarding a hard drive containing 8,000 Bitcoin during a home cleanout in 2013.
Here's the risky aspect of short-term BTC breakout prospects
In the ever-evolving blockchain realm, the debate between Solana and Ethereum intensifies, highlighting unique attributes that capture the attention of investors and developers. However, to effectively engage with these dynamic assets, one needs a dependable DeFi crypto wallet.
The chief executive of market intelligence firm CryptoQuant says that Bitcoin (BTC) is nearing the longest sideways consolidation period ever during one of its halving years.
As Bitcoin (BTC) navigates an unusually calm ‘Uptober,' a trading expert believes a review of technical indicators and the asset's past performance suggests a new record might be in the offing.
Mt. Gox's expected Bitcoin repayment has been delayed. When will this decision take effect, and how could it affect the crypto market and Bitcoin price?
According to CryptoQuant CEO Ki Young Ju, Bitcoin's Google search volume has now hit another yearly low.
David Schwartz, chief technology officer at Ripple, recently took aim at self-proclaimed Satoshi Craig Wright, arguing that the need to address the Bitcoin creator's statements on the purpose of the original cryptocurrency is "delusionary nonsense."
The filing states that the agency's ruling deadline has been extended from Oct 19 to Dec 3. Cboe requested permission to offer options in August in their filing with the SEC.
By highlighting the necessity of an all-encompassing strategy for ecosystem unity, Ethereum co-founder Vitalik Buterin has once again set the tone for the network's future. Buterin emphasized the significance of creating an atmosphere where the Ethereum community feels united.
You are not alone if you are disappointed that you did not invest in Bitcoin (BTC) when it first launched
The Bitcoin price has been relatively quiet in October, but things seem to be looking up after the premier cryptocurrency broke the $63,000 mark on Saturday, October 12. However, the crypto has to scale a major resistance level if the current bull run is to get back on track.
Widely followed crypto analyst Ali Martinez says that Ethereum (ETH) may be in for another correction if one critical support level breaks. Martinez tells his 74,000 followers on the social media platform X that $2,300, which is about a 7% correction away from current prices, is an important price level for ETH bulls to hold.
Bitcoin is currently holding above the $62,000 mark following a 5% surge from lower demand in the past few days. While the market grapples with uncertainty, recent data from Coinglass indicates that Bitcoin's volatility has significantly decreased during this period of sideways trading.
Bitcoin has come a long way in 15 years, but it might just be getting started.
Bitcoin's price remains calm at around $63K but some altcoins are charting massive gains.
MicroStrategy co-founder Michael Saylor has jokingly stated that the only thing that is better than Bitcoin is actually more Bitcoin.
Chinese authorities have transferred 7,000 ETH to various exchanges, raising alarms among investors. This amount is part of a much larger stash—542,000 ETH—seized from the PlusToken Ponzi scheme back in 2018.
Seasoned trader Peter Brandt is warning that Bitcoin (BTC) has historically witnessed a massive meltdown after failing to print new record highs for a certain amount of time.
Concerns about bitcoin's price staying in the optimism zone are high, mainly as the U.S. government could soon sell $4.3 billion worth of BTC.
Ethereum developers discussed Pectra Devnet 4 preparations and potential EIPs in their latest core call. Key topics included slot time reductions and gas limit changes.
The Bitcoin bull cycle is still ongoing and the crypto queen is expected to experience a sustainable explosion in 2025!
Bitcoin recently experienced a significant price drop, reaching a three-week low of $58,900 amid a market sell-off influenced by whale activity. Despite this decline, many traders are viewing the situation as a potential buying opportunity, signaling a shift in market sentiment.
According to the latest on-chain data, liquidity in the cryptocurrency markets has reached an all-time high. Here's the implication of the rising liquidity on the price of Bitcoin and its future trajectory.
The cryptocurrency market continues to be a mixed bag of uncertainty and opportunity as Bitcoin (BTC) battles to maintain its footing. In contrast, Solana (SOL) is testing a vital support level, leaving investors wondering about the future of these digital assets.
Bitcoin [BTC] has entered a critical psychological level, a zone that historically determines the market's next big move. With investors watching closely, Bitcoin's current price range is creating speculation about whether a rally is imminent or if a dip below $60,000 will trigger further declines.
The Ethereum price has noted highly volatile trading lately, moving between the $2,600 and $2,300 range. However, amid this, a prominent crypto market has highlighted a key support level, falling below which could trigger a further selloff in the Ether market, potentially dragging its price down.
The former investigator took a hefty bribe in bitcoin from Infraud Organization members while probing their illegal activities for ICR.
Bitcoin whales have stockpiled $90 billion in BTC since May, a period marked by range-bound market conditions. According to an open disclosure by Axel Adler Jr. of CryptoQuant, investors holding over 1,000 BTC have seen rapid growth in their balances.
Inflows are back for Bitcoin Spot ETFs, but what of Ethereum?
Bitcoin's [BTC] recent price action has kept investors on edge as it remains locked within a descending parallel channel, unable to break key resistance. Despite significant market activity and optimism surrounding Bitcoin's future, it appears the cryptocurrency is struggling to break out.
Rich Dad Poor Dad author Robert Kiyosaki predicts a catastrophic stock market crash and the collapse of “The Everything Bubble,” warning that gold, silver, and bitcoin will nosedive, triggering a global depression. He urges investors to brace for financial turmoil, saying only the prepared will emerge wealthier from the ruins.
The following guest post comes from Bitcoinminingstock.io, the one-stop hub for all things bitcoin mining stocks, educational tools, and industry insights. Originally published on Aug. 29, 2024, it was penned by Bitcoinminingstock.io author Cindy Feng.
James Howells is taking Newport City Council to court, demanding $647 million (£495 million) for 8,000 Bitcoins that he lost after a hard drive was mistakenly dumped in a landfill in 2013. The 39-year-old IT engineer says this is his “last resort” after years of being ignored by the council.
Bitcoin demand outpaced sell pressure this week, confirming that BTC is still attractive below $60,000.
On Friday, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) shook things up, recording net inflows of $253.54 million. Meanwhile, the nine spot ethereum ETFs had a rougher day, with modest outflows totaling around $97,110. Friday's Crypto ETF Action The spot bitcoin ETFs saw gains, pulling in $253.54 million in total on Oct. 11.
Bitcoin has hit a rough patch, plummeting to $60,300 after starting the day above $62,000. This represents a 2.33% decline in just 24 hours and adds to a larger trend of negativity as the world's foremost cryptocurrency continues to face significant selling pressure.
Bitcoin is not having the Uptober many were hoping for. Historically, October has been a good month for the apex crypto.
Bitcoin's recent downtrend hit the pause button, and that may be good news.
Bitcoin (BTC) surged by more than 6% on Friday amid news that the bankrupt crypto exchange Mt. Gox will extend the deadline on its remaining creditor repayments. Mt.
Bitcoin (BTC) search interest has dropped to bear market lows.
Until recently, the Bitcoin ecosystem hasn't seen much development. Now it is rapidly evolving, with numerous projects aiming to enhance Bitcoin's scalability and functionality. In this early stage, there are many methods being tried out to expand Bitcoin's rather limited capabilities from sidechains to layer twos (L2).
In line with the general crypto market, Ethereum (ETH) produced a positive price performance in the past day with a significant 4.50% gain, according to data from CoinMarketCap. Following this price rise, the altcoin moved its weekly profits to around 1.35% after what has been a turbulent trading week.