Bitcoin (BTC) has maintained its position above the critical $60,000 support level, even as many altcoins face significant downward pressure. Bitcoin's resurgence has propelled its market dominance to levels not seen in nearly three years, highlighting a clear divide in performance between Bitcoin and the broader cryptocurrency market.
Bitcoin has yet to rally in October, with many bullish proponents awaiting the resumption of an uptrend. Among those closely monitoring the price action in anticipation of an uptrend is a well-known analyst on the social media platform X.
Bitcoin remains a focal point for both investors and enthusiasts. While many people see Bitcoin simply as a collection of charts and numbers, it represents much more.
A golden cross in the Coinbase Premium Index suggests a short-term Bitcoin price increase, with US demand on the rise.
A researcher from 21shares has offered an analysis of how bitcoin's price could respond to the U.S. jobs report. The analyst indicates that BTC prices could increase if the Federal Reserve reduces interest rates. These rate cuts, which are likely tied to labor market trends, could lower borrowing costs, potentially boosting the cryptocurrency market.
Ahead of the much-anticipated documentary release on October 8, which promises to reveal the identity of Bitcoin creator Satoshi Nakamoto, a 2009 Bitcoin whale has moved $3.6 million worth of BTC. This movement has generated significant interest, especially as it coincides with the forthcoming documentary, which has ignited curiosity about Nakamoto's identity.
A CryptoQuant analyst using the pseudonym “tugbachain” has recently shed light on a key trend within the Bitcoin market. Posting on the CryptoQuant QuickTake platform, the analyst focused on the Market Value to Realized Value (MVRV) ratio, an important metric in the Bitcoin market.
The flagship cryptocurrency Bitcoin is seeing new whales ‘fiercely' add BTC to their holdings amid an accumulation trend that the market “has never seen,” as whales that have entered the market during the latest bull run keep looking for profit.
Standard Chartered has cautioned that bitcoin could drop below $60,000 due to rising geopolitical tensions in the Middle East. While the bank sees this as a buying opportunity, it also highlights the unique relationship between BTC's price and the U.S. presidential race.
Ethereum, the second-largest cryptocurrency by market cap, has seen significant downward pressure recently, reflecting the overall sentiment in the crypto market. With Bitcoin and other major altcoins also suffering, Ethereum's price has dipped below $2,400, and traders are now looking to a key support level around $2,350 for clues on where the coin might head next.
Follow the lead of Bitcoin Ekasi's Hermann Vivier and Motiv's Rich Swisher.
Options contracts give traders the right, but not the obligation, to buy or sell an asset at a predetermined price before a specific date. In this case, Bitcoin options provide traders with opportunities to hedge positions or speculate on future price movements.
Contrary to the anticipated “Uptober” rally, the cryptocurrency market has experienced a significant downturn, largely driven by geopolitical tensions in the Middle East. Major assets have seen their values decline, with some retesting multi-week lows.
Igor Runets, owner and CEO of Bitriver, commented on the growth potential of the Russian bitcoin mining industry following the approval of the mining law in the country. Runets stated that, due to the several advantages provided by the law, the Russian bitcoin mining industry could reach parity with the U.S.
Infrastructure-based bitcoin mining company TeraWulf just sold off its 25% equity interest in the Nautilus facility for $92 million.
Federal Reserve initiates its easing cycle, a prominent voice in the cryptocurrency sector, Jack Mallers, has issued a stark warning to investors: the U.S. dollar is on a path to devaluation, making Bitcoin (BTC) a more attractive alternative for those looking to safeguard their savings.
Metaplanet, often referred to as “Japan's MicroStrategy,” has increased its Bitcoin (BTC) holdings by purchasing an additional 23.9 BTC. This move is part of the company's broader strategy to enhance its treasury, signaling a strong commitment to Bitcoin even as the market faces challenges.
$4.5 billion crypto asset manager Bitwise is filing for its second crypto exchange-traded fund (ETF) this week. According to the U.S. Securities and Exchange Commission (SEC), Bitwise filed a Form N-1A for a new product called the Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (BITC) earlier today.
A recent whale dump has fueled fear, but a deeper pullback may signal a potential market bottom.
Bitcoin (BTC) price faces uncertainty as market trends and macroeconomic factors clash. Strong job growth could prompt the Federal Reserve to cut interest rates, potentially benefiting Bitcoin by increasing liquidity.
A Satoshi-era bitcoin whale transferred $3.6M in BTC to Kraken after 15 years of dormancy, following another whale's $16M move days earlier. The post Bitcoin whale transfers $3.6 million to Kraken after 15 years of dormancy appeared first on Crypto Briefing.
On Friday, the crypto market witnessed an ease from the week-long selling pressure triggered mainly by geopolitical tension in the Middle East. As Bitcoin holds $60000 support, most major altcoins, including XRP, rebound for a fresh price rally.
Over $3.5 million in coins held since 2009 has been moved to Kraken, data shows.
At press time, the crypto economy is cruising at $2.14 trillion, following a modest uptick Friday morning. There are 88 days left in the year, 32 days until the 2024 U.S. Election Day, and 34 days until the Federal Reserve's next meeting.
Though bitcoin rallied Friday after a stronger-than-expected jobs report, industry watchers said geopolitical uncertainties could temper economic optimism in the coming weeks.
On the same day HBO dropped a new trailer for a documentary that attempts to identify the true identity Bitcoin's creator Satoshi Nakamoto.
The bullish jobs report adds fuel to hopes for an “Uptober” and fourth-quarter rally in Bitcoin's price.
Bitcoin price recaptures the $62,000 level as investor grow increasingly concerned about the fiscal health of the US
Asset manager Bitwise will combine three Bitcoin and Ethereum futures ETFs into a single offering with a momentum-based strategy.
According to CryptoQuant, the current Bitcoin network difficulty is 88.4 trillion — down from the 92 trillion recorded on Sept. 20, 2024.
XRP, the cryptocurrency linked to Ripple, is experiencing significant turbulence after the U.S. Securities and Exchange Commission (SEC) stated its intent to appeal a ruling in the ongoing legal battle. This news has sent XRP's price tumbling, with the coin suffering a sharp 17.66% drop in value over the past week.
Rising open interest in XRP has crypto watchers optimistic that the crypto's protracted downtrend is nearing its end. XRP's open interest recently jumped to over $1 billion, leading to speculations over whether a huge price jump is the next probable move.
The International Monetary Fund (IMF) has recommended that El Salvador narrow the scope of its Bitcoin (BTC) law and strengthen regulatory oversight during ongoing talks regarding a potential lending program, Bloomberg News reported, citing IMF Director of Communications Julie Kozack.
An early Ethereum ICO buyer moved several tranches of coins in the past few days. The market absorbed the selling, but ETH sentiment suffers when older holders show signs of divesting or abandoning the project with profit-taking.
BTC prices dipped over the past week after experiencing a sustained uptrend on monthly charts.
Ethereum (ETH) price is facing a critical moment as it hovers near strong resistance and support levels. Recent market metrics, including the Net Unrealized Profit/Loss (NUPL) and whale activity, suggest a cautious sentiment among investors.
A widely followed crypto analyst says that Bitcoin (BTC) is gearing up to reach a new all-time high (ATH) if it can break above one crucial resistance zone.
As HBO's documentary promises to reveal Bitcoin's creator, bettors on Polymarket speculate if Len Sassaman is the real Satoshi Nakamoto.
Following a volatile week, Bitcoin (BTC) has once again captured the attention of investors as it fluctuates between bearish and bullish sentiments. Earlier this week, the leading cryptocurrency retracted to the $59,800 mark after reaching a two-month high of $66,500 at the end of the previous week.
BOB, also known as “Build on Bitcoin,” has partnered with blockchain service provider Everstake to introduce a one-click bitcoin staking solution. The integration offers access to staking, aiming to appeal to both retail and institutional investors.
Scams within the crypto landscape are evolving with dizzying complexity. Just recently, Ripple Chief Technology Officer, David Schwartz, showed how phishing attacks have also been carried out against unsuspecting Coinbase users–the largest cryptocurrency exchange.
Although Ethereum's rise to major highs might be near, the asset still needs to accomplish some declines.
Bitcoin held on exchanges fell to a new low while spot Bitcoin ETF inflows resumed pace. Is Uptober back on?
Cryptocurrency markets are trading higher on positive labor market data. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $62,356.18 +2.7% Ethereum (CRYPTO: ETH) $2,432.81 +3.8% Solana (CRYPTO: SOL) $143.92 +5.7% Dogecoin (CRYPTO: DOGE) $0.1094 +5% Shiba Inu (CRYPTO: SHIB) $0.00001751 +10.2% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 10.9%.
Hut 8 Corp. (NASDAQ:HUT) shares are trading higher Friday after the company released its September operational update. Here's a look at the details from the report.
Attorney Fred Rispoli recently assessed the odds of the SEC's win against Ripple during his appearance on the "Thinking Crypto" podcast.
Bitwise plans to shift three of its Bitcoin and Ethereum futures ETFs from their current long-only strategies to ones that alternate between crypto and US Treasuries, according to an Oct. 4 statement.