Ripple has announced the opening of its high-speed payment solution, Ripple Payments, in Brazil.

Peter Schiff, a well-known critic of Bitcoin, is once again sounding the alarm, claiming that the digital asset is in a bear market. Schiff notes that Bitcoin has underperformed dramatically when compared to gold, noting that since its peak almost three years ago, the price of the cryptocurrency has dropped by roughly 40%.

AAVE, APT, and BEAM are the top performers from the largest 100 alts today.

Bitcoin holds steady around $61,000 as global developments unfold, including Ripple's expansion in Brazil, IMF's warnings to El Salvador, and JPMorgan's bullish outlook amid geopolitical tensions and upcoming US elections.

Bitcoin ETFs experienced a staggering outflow of $52.9 million, while Ethereum ETFs enjoyed a notable inflow of $19.8 million. This sharp contrast reflects evolving investor sentiments and could signal broader shifts in the market.

Bitcoin has been experiencing some interesting developments in its market indicators, and a recent analysis points to the NVT (Network Value to Transactions) Golden Cross signaling a potential short-term local top. According to a CryptoQuant analyst known as Darkfost, the NVT Golden Cross—a key metric used to determine market valuation relative to transaction volume—has reached a major level.

On-chain data shows the Bitcoin miner exchange inflows have been dropping recently, a sign that may be bullish for the asset's price. Bitcoin Miner Exchange Inflow Has Been Declining Recently As explained by CryptoQuant author Axel Adler Jr in a new post on X, miners have gradually been reducing their exchange inflows recently.

The IMF said it seeks to reach an agreement with Salvadoran authorities on an IMF-supported program to help with macroeconomic stabilization.

BlackRock's US Head of Thematics and Active ETFs, Jay Jacobs, said there is plenty of room for Bitcoin adoption. Jay still estimates a market of Brazilian Real 30 trillion ( ~ $5.4 trillion) in the coming years.

Geopolitical tensions can have far-reaching effects beyond the borders of the nations involved. The latest conflict involving Iran, Lebanon, and Israel has not only heightened military and diplomatic concerns but has also sent ripples through financial markets worldwide, with cryptocurrencies experiencing significant volatility.

Crypto options expiry day has come around again, and it is the first event of the fourth quarter, but will it impact spot markets?

London-listed crypto-miner Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK) reported that it produced 37 Bitcoins (BTC) in the month of September. The average daily production was 1.2 BTC, as noted.

A widely followed cryptocurrency trader and analyst is leaning bearish on Bitcoin (BTC) and Ethereum (ETH) amid a market downturn. The trader pseudonymously known as Capo tells his 866,300 followers on the social media platform X that Bitcoin and Ethereum could fall by up to 21% and 23%, respectively, from the current levels.

Bitcoin may face a potential correction amid market volatility and geopolitical tensions.

October started slowly for Bitcoin, but experts are optimistic about a potential bullish surge later in the month.

BTC's implied volatility curve shows a noticeable kink on Oct. 5, signaling expectations for an unusually volatile Saturday.

Bitcoin miner Terawulf has sold its 25% stake to partner firm Talen Energy in a transaction valued at $92 million. The proceeds will be reinvested in enhancing AI and Bitcoin mining operations, the official release said.

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Spot Bitcoin exchange-traded funds experienced a third consecutive day of outflows on Oct. 3, pushing the total withdrawals over the period to $361.2 million. According to data from SoSoValue, the 12 U.S.-listed spot Bitcoin ETFs saw net outflows of $54.

Bitcoin (BTC) recently appeared poised for significant upside momentum and has experienced a notable price correction. Following a two-month high of $66,500 last Friday, the cryptocurrency retraced approximately 6% in the past week to around $60,000 by Thursday.

Cryptocurrency Prices Today: The cryptocurrency market fell by 2.12% in the past 24 hours, with its market cap now at $2.11 trillion. Additionally, trading volume decreased by 18.94%, indicating a careful attitude among investors in light of the geopolitical uncertainty.

Bitcoin price has shown mixed performance amid recent geopolitical developments and regulatory scrutiny.

The third quarter of 2024 was a real whirlwind for the crypto market. While some assets shone, others are struggling to keep up.

The trend in the Bitcoin Market Value to Realized Value (MVRV) Ratio may point towards a top being yet to occur in the current cycle.

Tron's rise as a stablecoin leader highlights the growing importance of stablecoins in global finance, especially in volatile economies. The post Tron emerges as stablecoin powerhouse, outpaces Bitcoin, Ethereum, and Solana with $566 million in Q3 revenue appeared first on Crypto Briefing.

Lekker Capital chief investment officer Quinn Thomspon says this week's Bitcoin dip shows a “clear invalidation” when compared to previous price stumbles.

Bitcoin is currently trading above the $61k level and a small recovery could be on the horizon.

Mike Novogratz, the billionaire CEO of Galaxy Digital, shared his perspective on a significant potential catalyst that could propel Bitcoin (BTC) to new heights. Speaking on CNBC's Squawk Box, Novogratz emphasized the upcoming options trading for Bitcoin exchange-traded funds (ETFs) as a transformative factor that could a surge in demand and investor interest.

Key Points:

Cryptocurrency prices on October 4: The broader market witnessed heightened volatility on Friday, embarking upon turbulent price trajectories. Bitcoin (BTC) price fought market volatility to rest at the $60K level today, whereas Ethereum (ETH), Solana (SOL), and XRP prices slipped 1%-4%.

The International Monetary Fund (IMF) has again urged El Salvador to scale back its Bitcoin policies and overhaul its cryptocurrency regulatory framework.

Thursday's outflows were led by Ark Invest and 21Shares' ARKB, which recorded $57.97 million in net outflows.

Terawulf stakes in Bitcoin mine will be sold to Talen Energy for $92 million.

Bitcoin has seen its demand stagnate in recent months, mirroring trends from past successful periods in 2016 and 2020. Since July, interest in the leading cryptocurrency has plateaued, leaving market watchers wondering if a recovery is on the horizon.

The Fed easing cycle will devalue USD but not BTC or gold, cautions Jack Mallers.

Renowned economist Peter Schiff scoffed at Bitcoin (CRYPTO: BTC) HODLers for being oblivious to the impending bear market. What Happened: On Thursday, the staunch Bitcoin critic took to X to highlight the leading cryptocurrency's decline against gold—an asset Schiff vehemently advocates for.

Bitcoin sees downward momentum, dipping below $60K as economic factors weigh heavily. Market awaits US jobs data, which could alter BTC's trajectory.

Bitcoin has once again caught the attention of veteran trader Peter Brandt, who recently highlighted a concerning trading pattern that could spell trouble for the cryptocurrency. Known for his keen insights and historical perspective, Brandt's analysis suggests that Bitcoin may be on the verge of a deeper downtrend, raising alarms for investors in an already volatile market.

Leading cryptocurrencies moved sideways Thursday as investors awaited key employment data releases to gather insight into the economy's health. Cryptocurrency Gains +/- Price (Recorded at 9:30 p.m.

Bitcoin price is consolidating above the $60,000 support. BTC seems to be eyeing a fresh increase above the $61,200 and $61,500 levels.

Franklin Templeton's proposed ETF highlights growing interest in Bitcoin and Ethereum investments.

Bitcoin's price has been showing signs of recovery after a recent dip, and traders are increasingly optimistic about its performance in October. According to a new report by Kaiko Research, significant market activity and favorable macroeconomic conditions are positioning Bitcoin (BTC) for a potential rally.

Global investment bank JPMorgan's analysts have highlighted the growing impact of the “debasement trade” in boosting gold and bitcoin prices. Gold's rise is linked to inflation, geopolitical instability, and waning trust in fiat currencies.

Bitcoin's price has experienced a rollercoaster ride recently, with a significant 10% correction over the past week, leaving many investors on edge. Despite this volatility, Bitcoin has managed to hold above a key support level, prompting some analysts and investors to maintain a cautiously optimistic outlook.

Ethereum is experiencing a prolonged period of aggressive selling pressure, leading to a marketwide sell-off. The latest data shows that ETH has significantly lost ground, with its market capitalization having dropped by billions.

The two largest cryptocurrency assets, Bitcoin and Ethereum are witnessing a notable shift in the behavior and confidence of investor as indicated by a negative trend in their network activity, leading to sluggish performances in the past months.

Bitcoin continues to capture the spotlight as analysts share their insights on the current market dynamics. Recently, Dam Gambardello, a well-regarded market expert, has provided compelling analysis suggesting that Bitcoin may be nearing its last major dip.