A certain class of holders are capitalizing on favorable market conditions to book profits.

While bitcoin's price has remained above $68,000, onchain fees tagged along for the ride. Earlier this month, fees were below $1, but two days ago on Oct. 17, the average transfer fee hit a peak of $6.32. Today, onchain fees stand at around 22.9 satoshis per virtual byte (sat/vB), or roughly $3.61 per transaction.

Bitcoin (BTC) has been on a remarkable upward trajectory, gaining over 10 percent in the last two weeks. As of now, Bitcoin's price hovers around $67,000, just shy of the key resistance level at $68k.

Opposition to Bitcoin by non-holders could influence regulatory landscapes, potentially impacting wealth distribution and economic stability. The post ECB officials urge Bitcoin latecomers, non-holders to oppose Bitcoin and advocate for legislation against it appeared first on Crypto Briefing.

Since its introduction in 1999, the euro has lost approximately 85% of its value against gold due to monetary inflation.

Economists from Europe's Central Bank argue that even without a "bubble bursting", perpetually rising bitcoin prices only benefit early adopters.

The cryptocurrency landscape is bracing for a potential shakeup today as a staggering $1.62 billion worth of options contracts for Bitcoin (BTC) and Ethereum (ETH) are set to expire. This monumental event could instigate significant short-term price volatility, influencing traders' strategies and overall market sentiment.

Bitcoin has reached local highs below $69,000 after weeks of steady bullish price action, igniting excitement and caution across the market. Investors are bracing for potential volatility, as this critical price zone has triggered sharp rejections five times in the past few months.

With traders looking to shift funds from memecoins back into more stable altcoins, ETH might be well-positioned for a strong rebound.

In the midst of the ongoing conflict between Israel and Hamas, Israeli Prime Minister Benjamin Netanyahu recently made headlines by offering a form of immunity to Hamas fighters as part of his latest statements concerning the hostage crisis.

Weekly non-fungible token sales volume has surged 22.5% and now stands at $93 million, per the latest data. As the crypto market shows slow signs of recovery, the NFT market enjoys an uptick in volume and other metrics.

Analyst Anu has shared ambitious price predictions for XRP and other major digital assets over the next few months. His analysis hinges on the potential performance of Bitcoin (BTC), the largest cryptocurrency by market capitalization, which he believes could surge to an impressive $80,000 in the near term.

In a world where state-backed currencies fund wars, inflate economies and deplete savings, digital alternatives like bitcoin offer a compelling ethical choice. By removing money from government control, bitcoin presents a route toward a freer and more just society.

Max Keiser, a renowned Bitcoin maximalist, doubled down on his Bitcoin price bet with a recent bullish forecast posted to X (formerly Twitter). According to this prediction, Bitcoin will skyrocket to $220,000, and gold will play a crucial role in this move.

The US Securities and Exchange Commission (SEC) has granted a go-ahead to the New York Stock Exchange (NYSE) and Chicago Board Options Exchange (Cboe) to list options trading for several spot Bitcoin ETFs. This development comes amidst the massive inflows recorded by these Bitcoin ETFs in the past week.

After six days of positive inflows and a rise in bitcoin's price, US-based spot bitcoin ETFs hold more value than ever—nearly 5% of BTC's market cap.

Bitcoin ETF options approval boosts institutional inflows and market liquidity. Bitcoin dominance surges, setting stage for Layer 1 coin recovery.

Some coins have returned to the red zone today, according to CoinStats.

Bitcoin saw a surge in whale activity, with wallets holding 100-1k BTC increasing by 268.

Bitcoin miners are some of the most important players in the Web3.0 ecosystem. With their roles in ensuring BTC supply, they are mostly affected by the changes in the network, especially Halving cycles.

With Bitcoin (BTC) seemingly resuming its bullish momentum, a trading analyst has offered insights regarding the asset's next possible stop.

Bitcoin ETF options and global currency weakness could fuel the next Bitcoin surge, but retail interest remains uncertain.

Rising USDT dominance could precipitate a correction for Bitcoin's price.

Bitcoin's (BTC) recent price surge, which has seen the cryptocurrency increase by 10% over the past seven days, has placed 95% of its holders in profitable positions. This upward momentum suggests that Bitcoin could be on the verge of hitting a new all-time high.

Spot bitcoin and ether exchange-traded funds (ETFs) in the U.S. had another winning day, with both categories seeing a steady flow of fresh investments. On Friday, the 12 bitcoin ETFs pulled in a combined $273.71 million, led by ARKB and IBIT at the front of the pack.

The crypto market has grown momentum recently, with Bitcoin ($BTC) leading the charge and experts predicting a significant rise. However, several Bitcoin alternatives are geared for immense growth during this bull run.

The cryptocurrency market has jumped 0.92% in the past 24 hours and is currently valued at $2.34 Trillion. With this, top projects have gained significant valuation to their respective portfolios this week especially top projects such as Bitcoin, Ethereum, and Ripple.

Bitcoin has been sandwiched between $68,000 and $69,000 price range. With much effort the first crypto was able to cross the resistances after $67,300 which is now the latest support zone. What is the reason BTC is finding it difficult to fight the current resistance, let's find out.

Bitcoin has once again made headlines as it attempts to break through a crucial resistance level, currently hovering around $67,670. After facing rejection at $68,300 for the second time, concerns are mounting within the crypto community.

The U.S. Securities and Exchange Commission has granted “accelerated approval” for listing Bitcoin options exchange-traded funds on the New York Stock Exchange and the Chicago Board Options Exchange. According to Oct.

Amid the broad uptick in crypto asset markets, non-fungible token (NFT) sales saw a 22.38% increase this past week. NFT sales managed to rake in $92.95 million this week and Ethereum and Bitcoin NFT sales led the way.

Cardano founder Charles Hoskinson is quite confident of what the Layer-1 blockchain network can achieve in a few years. He recently stated that the Cardano network will see the achievements of Bitcoin (BTC) and the Ethereum (ETH) network in the next 10 years.

On October 18, the US Securities and Exchange Commission (SEC) approved a rule change that allows the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE) to offer options trading for multiple spot Bitcoin exchange-traded funds (ETFs).

Spot Bitcoin exchange-traded fund inflows shot up more than 580% this week, as one analyst pointed out that whales were loading up on Bitcoin at a pace akin to the lead-up to the 2020 rally.

This year has been filled with numerous narratives for the cryptocurrency market, especially for the Bitcoin price. Ranging from the spot Bitcoin exchange-traded funds (ETFs), the fourth halving event, to the United States presidential elections, the cryptocurrency industry and the Bitcoin market have been subject to various factors throughout 2024.

The Bitcoin price and the bull run appear to be back on the right track after recording its best weekly performance in the past month. Despite starting the week quietly and hovering around the $63,000 level, the premier cryptocurrency received fresh bullish momentum mid-week, pushing its value to almost $69,000 on Friday.

BlackRock ETF head Samara Cohen has told CNBC that most demand for Bitcoin comes through investment tools like ETFs, not direct purchases from crypto exchanges.

BlackRock ETF head Samara Cohen has told CNBC that most demand for Bitcoin comes through investment tools like ETFs, not direct purchases from crypto exchanges.

Recently, Bitwise CIO Matt Hougan expressed optimism about Bitcoin. He said the cryptocurrency was due for a significant rally that would drive the token price well into six-figure territory due to several factors.

Bitcoin is currently showing strong bullish signals on larger time frames, hinting at a potential repeat of historical price patterns. However, in the short term, new indicators are emerging that demand attention. Additionally, liquidity is accumulating above the current Bitcoin price, hinting at further upward potential.

According to on-chain data, a long-dormant Bitcoin whale has reemerged just as Bitcoin (BTC) briefly touched the $69,000 mark.

"There's a slight upside risk if they identify someone who is deceased, as this would effectively 'burn' Satoshi's supply," a crypto analyst said.

To confirm a potential breakout from its current crab walk, Bitcoin needs to close the week above $68,700, according to market analysts.

Bitcoin is showing strong signs of bullish momentum with its price hovering above $68,000. Key technical indicators, chart patterns, price action, whale activity, and Bitcoin ETF inflows are pointing toward an upward rally. With only a few days until the election, all eyes are on how Bitcoin will react.

A bearish divergence appeared on Bitcoin's chart. Will it push BTC down to $66k again?

Cryptocurrency Market Overview: The global cryptocurrency market saw a modest rise this week, with the total market cap increasing by 0.64% to $2.34 trillion. Despite this growth, 24-hour trading volume dropped by a significant 16.82%.

Bitcoin price is gaining significant momentum, trading near $68,350 and hitting an intra-day peak of $68,955. The rally follows the SEC's approval of Bitcoin ETF options, which has increased liquidity and spurred institutional investment.