Bitcoin is trading at the edge of a descending broadening pattern and is poised for an upside move, while Ethereum and XRP remain bearish with uncertain price direction.
Bitcoin (BTC) is once again in the spotlight as recent technical indicators suggest a potential upward trend. One of these indicators, the weekly MACD (Moving Average Convergence Divergence) crossover, has fueled optimism among investors and analysts alike.
A crypto strategist known for earning the “Master Trader” rank on the digital asset exchange Bybit believes Bitcoin (BTC) is setting the stage for a renewed bull market.
Ethereum faces key resistance, potential bullish divergence, and election-driven rally possibilities ahead.
Bitcoin (BTC) is witnessing a notable surge in whale activity, with large holders increasing their Bitcoin assets to levels not seen since early 2021. This uptick raises questions about the potential for Bitcoin to reach a new all-time high (ATH) in the near future.
Bitcoin's consolidation below $68,000 extended throughout this week, with bulls holding steady above the $66,000 support level. Although the cryptocurrency hasn't seen a significant push to the upside, its ability to avoid a deeper correction means that Bitcoin remains on track to end October on a bullish note.
Following Microsoft's recent proposal to shareholders to consider investing in Bitcoin, Michael Saylor, co-founder of MicroStrategy and a prominent BTC advocate, publicly encouraged Microsoft CEO Satya Nadella to embrace the largest cryptocurrency as a means to future growth.
Russia's new Bitcoin mining regulations could reshape global crypto dynamics, influencing digital currency adoption and international trade strategies. The post Russia enacts control measure on Bitcoin mining operations appeared first on Crypto Briefing.
Bitcoin steadies at $67K; Tether's response to WSJ investigation calms markets. Strong ETF inflows and key US data could push BTC above $70K.
Bitcoin remains above a critical price level, currently hovering just above $67,000. This position is important as it shows strength in the short term. Over recent days, Bitcoin has been forming a sideways price range, signaling a period of consolidation. Here's a breakdown of analysis by analyst Josh of Crypto World.
The United States approaches its presidential elections, the political climate is heating up, and its effects are rippling through various markets, particularly in the world of cryptocurrency. With Donald Trump's chances of winning appearing increasingly favorable, some experts are predicting that Bitcoin could surge, potentially reaching unprecedented values.
Bitcoin has faced a turbulent week, with price swings ranging from a local high of $69,500 to a low of $65,000, cooling off after weeks of bullish excitement. Now, BTC is consolidating just below the crucial $70,000 level, a price point seen as a key threshold for the next major move.
Ethereum has experienced a sharp retrace, dropping over 13% since Monday and stirring concerns among investors who had anticipated a breakout. This sudden pullback, which took ETH as low as $2,380 on Friday, has injected a sense of worry into the market, leaving many to question the strength of its recent rally.
The cryptocurrency market continues to evolve, one voice stands out among the noise: crypto analyst Pentoshi. With over 809,600 followers on the social media platform X, Pentoshi has built a reputation for his keen observations and insightful analyses.
Economist Peter Schiff forecasts a “Trump dump” for bitcoin, questioning its weak momentum amid Donald Trump's rising election odds. Peter Schiff Sees ‘Trump Dump' for Bitcoin Economist and gold advocate Peter Schiff, known for his skeptical view on bitcoin and fervent support of gold, has shared insights on both assets amid recent market shifts.
The Bitcoin price could see its price surging dramatically to $200,000, with the formation of a new Cup and Handle pattern. While the pioneer cryptocurrency has been slowly recovering from bearish trends to reach the $70,000 mark, a rally to $200,000 would mark a historical milestone and a new All-Time-High (ATH) for BTC.
Rich Dad Poor Dad author Robert Kiyosaki predicts a bitcoin “blast-off,” urging investors to buy BTC and seize this prime entry point.
Bitcoin, the world's largest cryptocurrency, may be heading towards a significant market correction, as current price patterns in October 2024 resemble those seen during key periods in 2021. According to an analysis by trader Alan Santana, these familiar trends could indicate a bearish phase for Bitcoin, but there's a divide in predictions.
Analysts said that Bitcoin prices could drop slightly in the short term as whale accumulation reached a new record high. Whale's Bitcoin holdings have reached 670,000 BTC, the largest accumulation of the digital currency in history.
The Bitcoin open interest has been a subject of debate over the past week, with various on-chain platforms revealing its recent record-breaking surge. However, investment analytics firm Alphractal disputed that the open interest in BTC had reached a new all-time high.
The cryptocurrency market is experiencing a rebound, prompting discussions about whether Bitcoin has finished its recent correction. After a notable sell-off on Wednesday that saw market capitalization drop to $2.23 trillion, the total has since recovered to around $2.32 trillion, reflecting a slight 0.1% increase in the last 24 hours.
Ethereum co-founder Vitalik Buterin has proposed significant changes aimed at drastically reducing gas costs on the Ethereum network. Historically, high gas prices have been a major issue for Ethereum, especially during periods of high demand.
TeraWulf stands out as a top-performing Bitcoin mining stock in 2024, up 70% YTD with 62.49% institutional ownership. Discover How Financial Health, Expansion, and Low-Cost Energy Fuel TeraWulf's success 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 Oct.
Bitcoin hashrate hits new peak levels, inching closer to a Zettahash.
Bitcoin has had a volatile week, with its price fluctuating between a local high of $69,500 and a low of $65,000. Following weeks of strong bullish momentum, the market has now cooled, and BTC is consolidating just below the crucial $70,000 level.
The Bitcoin and Ethereum price have crashed in the last 24 hours, dropping below $67,000 and $2,500, respectively. This price crash came following news about the alleged investigation into the USDT issuer Tether.
Discover how Bitcoin mining companies are navigating operational efficiency amid global layoff trends by examining their G&A expenses relative to revenue. Analyzing the Operational Efficiency of Mining Firms Like MARA, CLSK, RIOT, and Other Top Miners The following guest post comes from Bitcoinminingstock.
Bitcoin eyes bullish breakout, aiming to smash $67,583 resistance—will it finally hit $70K again?
Following its bearish start to October, Bitcoin has since shifted momentum, rising as high as $69,000 in the last two weeks. Despite this significant price rally, Bitcoin retail investors remain hesitant to engage the market.
Despite a key catalyst easing pressure, ETH remains on a bearish trajectory.
A deep-pocketed crypto holder who bought Bitcoin (BTC) more than 14 years ago has suddenly moved the flagship digital asset at a massive profit. On-chain data shows that on Friday, the previously dormant crypto wallet abruptly moved a Bitcoin stack at recorded gains of 169,358,650%.
Reducing the need for every node to permanently store all history in addition to unneeded protocol features could mitigate Ethereum's bloat, Buterin said.
Explore Ethereum's recent market trends, whale movements, and upcoming upgrades as we analyze potential bullish momentum in Uptober's trading landscape. Ethereum is an established trading platform for cryptocurrencies. It uses decentralized technologies to enable the development of smart contracts. Founded by Vitalik Buterin in 2014, Ethereum stands firmly behind Bitcoin.
Today, the crypto market recorded outflows, wiping out previous gains in Ethereum and other altcoins. These recent short-term exits weakened the bullish drive, with several digital asset whales repositioning their portfolios.
Coinbase announced a new set of fully on-chain AI agents users can create in under three minutes on its Ethereum L2 network Base. Built with tools from Coinbase, OpenAI, and Replit, these agents can manage crypto wallets, connect with X (formerly Twitter), and perform other tasks.
One of the problems of Ethereum, or any blockchain, is that it grows in size over time. This means an increase in the complexity of its code and its storage requirements.
Despite the Bitcoin network's lackluster speeds and a subsequently sub-optimal user experience, Cardano founder Charles Hoskinson is super optimistic about decentralized finance (DeFi) in the Bitcoin ecosystem.
Base ups the ante in terms of competitiveness as strong weekly volumes earn it a spot in the top 3 ranking.
On-chain data shows the Bitcoin Realized Cap has set a new all-time high (ATH) recently as the market has witnessed sharp capital inflows.
Bitcoin (BTC) is currently trading around $67,000, signaling a recovery after establishing firm support at the $66,000 level, following a modest 2% decline earlier in the week.
The momentum behind Bitcoin exchange-traded funds (ETFs) in the United States has seen a sudden reversal, with a sharp outflow of $79.01 million on Tuesday, breaking a remarkable seven-day streak of positive inflows. This change has ignite questions about whether this is a temporary setback or the beginning of a broader market shift.
According to the paper, central banks collectively hold $2.2 trillion in gold as of Q1 2024 and continue to expand their gold allocations.
Ethereum (ETH) has fallen to its lowest value against Bitcoin (BTC) since April 2021. On October 23, the ETH/BTC trading pair dipped to just 0.0375 BTC, reflecting a dramatic 55% decline from its previous all-time high.
Taiwan Semiconductors Manufacturing Company (TSMC) reportedly halted chip shipments to Xiamen Sophgo, a Chinese semiconductor firm linked with Bitmain co-founder and chairman Micree Zhan, amid an ongoing US investigation into possible sanctions violations related to Huawei. According to a reports, TSMC stopped supplying chips to Sophgo earlier this month after the US Commerce Department launched
Bitcoin's potential for a significant price shift could impact market dynamics, influencing investor sentiment and broader financial trends. The post Bitcoin set for ‘huge move' as Bollinger Bands hit tightest levels appeared first on Crypto Briefing.
Popular crypto analyst Michaël van de Poppe has highlighted vital price levels in the Ethereum (ETH) market following a massive option expiry event. This development comes amidst high whale activity on the Ethereum network.
Bitcoin options show bullish bias as whales rise, while Ethereum lags near lows after options expiry.