Bitcoin is showing signs of a potential breakout, as highlighted by Caleb Franzen, the creator of Cubic Analytics. His analysis of key market data indicates that Bitcoin could be on the verge of a significant price movement.
Wall Street's demand for Bitcoin products surged last week, with $1.1 billion in new cash captured by BlackRock's spot Bitcoin exchange-traded fund. Bitcoin (BTC) has become a major focus for U.S.
Bitcoin and XRP are two popular cryptocurrencies that have become some of the main highlights of CoinShares' latest weekly report on outflows and inflows into cryptocurrency-focused investment products.
A new week has started with ongoing bulls' dominance, according to CoinMarketCap.
Northern Data has announced that it is exploring the divestment of its heritage crypto mining business, Peak Mining. The provider of AI and high-performance computing (HPC) solutions aims to strengthen its position as a pure-play AI solutions business.
TL;DR Digital Asset Flows: $2.2 billion in inflows were recorded, the highest figure since July, driven by US election optimism. Bitcoin Dominance: Bitcoin led inflows with $2.13 billion, while Ethereum and some altcoins also saw minor increases. Regional inequality: The US showed positive inflows of $2.3 billion, in contrast to smaller outflows in other markets.
Publicly-listed Bitcoin miners have significantly contributed to this hashrate growth, now making up 28.9% of the network's total hashrate as of September.
Bitcoin faced massive resistance between $69,000 and $70,000 and currency is in falling mode. Already down by 3% from the peak it reached at $69,566. What is causing this fall, let's explore. Bitcoin Chart Analysis A heavy diversion is visible on the four hourly chart.
The Bitcoin market continues to see a lot of resistance above, as we are currently testing the upper part of the overall consolidation range that we have been bouncing around since the month of February, when we got the spike from the ETF.
The Bitcoin (BTC) hashrate, i.e., the aggregated number of hashes that all Bitcoin (BTC) mining computers calculate per second, has reached a record-breaking level.
Michael Saylor, founder of MicroStrategy, shared a link to his fresh interview. One curious statement he made about BTC owners who prefer to keep their private keys to themselves over lack of trust to the government drew the attention of the crypto community since in this statement Saylor was somewhat critical about them.
Bitcoin has surged towards the $70,000 mark, reaching a high of approximately $69,450 early Monday morning in Asia before settling at $68,768 by mid-morning.
Zhimin Qian, also known as Yadi Zhang, has pleaded not guilty to laundering Bitcoin in a London court. According to Bloomberg, Qian, a Chinese national, was arrested in April and charged with two counts of money laundering.
Italy has unveiled plans to dramatically increase the capital gains tax paid by Bitcoin investors — hitting them hard in the pocket when cashing out profits.
Crypto whales hold substantial sway over market trends, making their movements a focal point for investors and analysts alike.
A recent paper from the Federal Reserve Bank of Minneapolis suggests taxing or banning Bitcoin to help governments manage debt.
Bitcoin options traders are positioning for a bullish outcome following the U.S. election and the Fed's interest rate decision in November.
Bitcoin (BTC) is currently navigating a tumultuous landscape characterized by rising liquidations and increased market volatility. As the price hovers near the significant $70,000 resistance level, traders and investors are keenly observing the market dynamics that could influence the cryptocurrency's trajectory.
In a working paper, Amol Amol and Erzo G.J. Luttmer from the Federal Reserve Bank of Minneapolis argue that prohibiting bitcoin or imposing specific taxes could help governments implement permanent primary deficits effectively. Their research explores the impact of bitcoin on fiscal policies and offers potential solutions.
Amid ongoing economic challenges and geopolitical shifts, the financial world is searching for clarity. What lies ahead for our markets? We turn to Jason Pizzino, a respected investor and crypto expert, for his informed perspective on the year-end trends.
Several investing strategies have emerged as Bitcoin and crypto continue to grow in value and expand their use cases. For many, the investing thesis focuses on Bitcoin and Ethereum, two of the biggest cryptos by market cap.
Never has the US elections been so crucial for crypto investors. The outcome may be a catalyst to trigger a full-on bull market.
Bitcoin price has surged close to $68,260 in recent days, with bullish momentum bringing it tantalizingly close to the key psychological level of $70,000. This upward price action has sparked renewed interest in the cryptocurrency, as it breached a crucial resistance level at $68,248.
The Bitcoin (BTC) price peaked at $69,402 on October 20. The upward momentum was rejected at the psychological price barrier of $70,000.
The European Central Bank (ECB) has stirred up the crypto community by suggesting that a Bitcoin price of $10 million is within the realm of possibility.
Despite the record European inflows, Bitcoin price has been unable to recover above the $70,000 psychological level since July.
Bitcoin price seemingly got rejected around the $69k territory on Monday, and the buildup of the trading volume afterward is a warning sign.
Dogecoin (CRYPTO: DOGE) has gained 28% over the past week, prompting traders to forecast a bullish run if Bitcoin (CRYPTO: BTC) breaks out. What Happened: In a recent podcast update, crypto traders DonAlt and CryptoCred linked the performance of altcoins, particularly Dogecoin, to Bitcoin's potential breakout.
Bitcoin (BTC) registered its best week in over a month, with its price up almost 8% as the world's largest cryptocurrency edges towards the $70,000 mark. BTC is currently trading just under $69,000 and has been up almost 1% in the past 24 hours.
On Oct. 21, 2024, bitcoin is trading at $68,322, supported by a market cap of $1.35 trillion. The cryptocurrency saw a 24-hour trading range between $68,145 and $69,431, with a trading volume reaching $28.79 billion. Technical indicators from multiple time frames present a mixed picture, highlighting crucial entry and exit points for traders.
Saylor delves into why Bitcoin is the most powerful network and the preferred choice.
The Bitcoin network's hashrate, a critical indicator of its security and computing power, reached a new all-time high of 769.8 exahashes per second (EH/s) on October 21.
A crucial resistance line that has held firm since Bitcoin's all-time high in March has once again gained the spotlight as Bitcoin turns green. On The Paul Barron Network, Tim Warren, Host of Investing Broz said that this red line has been tested multiple times—six to be exact—creating a barrier for upward movement.
The global cryptocurrency market has experienced a positive shift, with a 0.69% increase bringing the total market cap to $2.36 trillion. The 24-hour trading volume saw an impressive 80.85% surge, reaching $76.3 billion. Market sentiment continues to trend in the “Greed” zone, as indicated by the Fear & Greed Index at 63.
He believes that in just a few decades, Cardano could surpass Bitcoin in popularity and importance. He even suggested that many governments around the world might use the technology behind Cardano to run their systems.
Crypto analyst Cold Blooded Shiller has highlighted the bullish momentum of Bitcoin (CRYPTO: BTC), suggesting a continuation of the uptrend, where pullbacks should be seen as buying opportunities. What Happened: In a Monday morning post on X, Shiller emphasized that Bitcoin is showing uptrends across all timeframes.
Bitcoin is once again capturing attention, as its price edges closer to the $70,000 mark. In the past week, Bitcoin has surged by 10.68%, bringing its current value to $68,968.
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 21, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
The Solana blockchain has threatened to dethrone the Ethereum network as the largest DeFi ecosystem backed by vibrant meme coin projects.
Analyst foresaw BTC hitting $74K before US elections based on historical trends.
In an analysis shared on X, crypto analyst Patric H. from CryptelligenceX outlines seven reasons why investors should be bullish about the Bitcoin price trajectory this week.
Peter Brandt, a veteran trader with over 50 years of experience on the financial markets, including crypto, has shared a new outlook on the price of Bitcoin (BTC), predicting a major rise for the major cryptocurrency.
Crypto investment products have seen a surge in inflows, reaching $2.2 billion throughout last week, according to a report by CoinShares. This marks the largest weekly increase since July 2024.
The Bitcoin price briefly touched a high of $69,227 earlier today, during European trading hours.
TL;DR Record-Breaking Hashrate: Bitcoin's network hashrate reached an all-time high of over 769.8 EH/s as of October 21, 2024, enhancing the blockchain's security and resilience. Economic Strain on Miners: Despite technological advancements, miners face economic challenges with high operational costs and reduced revenues, prompting them to explore new strategies and renewable energy sources.
With Bitcoin (BTC) hovering below $70,000, the record-breaking futures open interest may offer clues about its next price movement.
Global regulators have intensified their efforts against Bitcoin, with researchers from the Federal Reserve Bank of Minneapolis and economists at the European Central Bank (ECB) making bold recommendations to “eliminate” the leading crypto. Feds proposes Bitcoin ban On Oct.
Bitcoin's 7-day moving average (7DMA) hash rate surpassed 700 EH/s for the first time, marking a 13% increase since April's halving.