Bitcoin (BTC) holds steady at around $63,390. Despite this stability, Bitcoin's dominance is showing signs of weakness, leading many to wonder whether this could signal an impending surge for altcoins.

Bitcoin (BTC) continued to trade sideways on Tuesday following a sluggish start to the week, despite a strong resurgence that began on September 6. Notably, the top cryptocurrency has risen by approximately 20% since then.

After four unsuccessful attempts to retest the $64K level, are BTC bulls on the brink of exhaustion?

The proliferation of institutional Bitcoin custodians creates opportunities for MicroStrategy, according to a Benchmark analyst.

Traders Tuesday pushed expectations of a second consecutive 50 basis point rate Fed rate to 60%.

PlanB, the analyst behind the popular Bitcoin Stock-to-Flow (S2F) model, recently shared a speculative scenario on X, outlining a bold projection for Bitcoin's future. The timeline outlines a number of political and economic shifts that could propel Bitcoin past $100,000.

The volatility of bitcoin may drop reduced as more interest comes into trading the options on the spot bitcoin ETF.

Bullish Bitcoin traders are making progress by attempting to retake the 200-day moving average, but a close above $66,000 could kickstart a rally to BTC's all-time high.

Bank of New York Mellon Corp. (BNY Mellon) is progressing towards offering custody services for Bitcoin and Ether held by exchange-traded product (ETP) clients, according to a report by Olga Kharif and Lydia Beyoud for Bloomberg News. This comes after a review by the U.S.

Can Bitcoin really surpass gold as a more valuable and reliable store of value in the long term?

Due to increasing institutional adoption and benevolent Federal Reserve policies, the price of bitcoin has remained steady at around $64,000.

Bitcoin is likely forming an overlapping rally to $80-90K called an ending diagonal, contingent on holding above its September 6 low.

Cryptocurrency markets are trading relatively flat, with Bitcoin and Dogecoin holding on to the green zone while Ethereum is down. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $63,744.60 +0.44% Ethereum (CRYPTO: ETH) $2,638.27 -1.6% Solana (CRYPTO: SOL) $147.23 +2.1% Dogecoin (CRYPTO: DOGE) $0.1092 +1.7% Shiba Inu (CRYPTO: SHIB) $0.00001471 +1.09% Notable Statistics: IntoTheBlock data shows an increase of 86.9% in large transaction volume and a growth of 31.9% in daily active addresses.

Bitcoin shows strength, but volatility risks remain with potential high liquidations at $69k.

Bitcoin is firm, adding nearly 30% after sinking to as low as $49,000 in early August. As bulls strengthen and fundamental factors swing in favor of the world's most valuable coin, prices remain below $65,000.

We should be looking to Bitcoin as the foundation for secure cross-chain infrastructure, says Jeff Garzik, CEO of Bloq and leader of the Hemi Network project.

Bitcoin has once again captured the attention of traders and investors with a significant surge in its Open Interest. Currently, the total Open Interest on the Binance exchange stands at an impressive $28.3 billion, reflecting a vibrant and active trading environment.

In a recent interview with Anthony Scaramucci, crypto analyst Noelle Acheson offered insights on the interplay between macroeconomics and cryptocurrency, highlighting Bitcoin's (CRYPTO: BTC) potential as a hedge against economic instability. What Happened: In an episode of Wealthion, Acheson views Bitcoin and gold as safeguards against currency debasement and political turmoil.

The crypto markets are about to enter the crucial phase, the Q4 trade, which has always been extremely bullish. The market dynamics tend to change here, raising the possibility of setting up a fine upswing and marking fresh highs.

Will this week's $8.1 billion Bitcoin options expiry fuel a rally to $70,000 or should traders anticipate a correction?

TL;DR Bank of New York Mellon (BNY) plans to offer custody services for cryptocurrencies, such as Bitcoin and Ethereum. Despite this opportunity, BNY notes that the SEC's SAB 121 rule limits banks' ability to provide these services, which poses an obstacle to their expansion.

Quant analyst PlanB believes that Bitcoin (BTC) is on the verge of having an explosive 2020-style breakout to new highs. PlanB tells his 1.9 million followers on the social media platform X that Bitcoin has been consolidating near $60,000 range similar to how it did near $10,000 in 2020. “$60,000 is the new $10,000.

Despite soaring gold prices, Peter Schiff believes investors are distracted by Bitcoin, missing key warnings about inflation.

Amid Bitcoin's recent price recovery after the U.S. Fed rate cut, key market data signals further bullish momentum.

Former Coinbase CTO Balaji Srinivasan has drawn a provocative parallel between Bitcoin‘s (CRYPTO: BTC) role in preserving wealth and the pursuit of longevity in healthcare, both framed as resistance against state control. What Happened: In an interview, Srinivasan asserted, “Bitcoin is about stopping the state from slowly draining your wealth, and Don't Die is about stopping the state from slowly draining your health.

Benchmark says recent crypto-supportive developments could encourage MicroStrategy to generate yield by lending part of its bitcoin holdings.

TL;DR Bitcoin has experienced a notable increase in its price, reaching a local high of $64,200 following the Federal Reserve's interest rate cut. The growth of open interest in the futures markets has outpaced the increase in Bitcoin's price. Inflows into Bitcoin ETFs have grown, with $397.2 million injected.

The recent announcement of China's massive economic stimulus plan could propel Bitcoin's price to new historical highs. As Beijing injects colossal liquidity into its economy, analysts anticipate a significant impact on the crypto market, with BTC at the forefront.

An early Bitcoin miner from 2009 has resumed activity after ten years of dormancy, transferring 15 BTC to Kraken in recent weeks.

Bitcoin (BTC) has maintained an uptrend since last Wednesday's Federal Reserve rate cut. Currently trading at $63,509, the leading crypto asset's price has grown by almost 10% in the past seven days.

Ben Arc and the talented team of developers behind LNbits are helping users do more with Lightning.

Gold reaches a record high of $2648 as Bitcoin surges 7% in September, reflecting investor concerns amid economic uncertainty. The post Gold breaks all-time high as Bitcoin surges 7% in September in face of economic decline appeared first on Crypto Briefing.

42 Congress members have signed a letter to SEC chair Gary Gensler. The letter demands from him to allow the banks to hold custody of Bitcoin.

Bitcoin's increasing resistance to changes sparks a heated debate within the crypto community. Supporters see it as a sign of maturity, while opponents fear stagnation.

Core (CRYPTO: CORE), a blockchain platform that aims to unlock Bitcoin (CRYPTO: BTC)-powered decentralized finance (DeFi), has become the largest Bitcoin sidechain in terms of Total Value Locked (TVL), according to data from DeFiLlama. What Happened: The platform now accounts for 26.4% of the total TVL across all Bitcoin sidechains, with over $300 million in locked assets.

According to metrics shared by Ki Young Ju, the founder and CEO of cryptoquant.com, mining pools in China currently dominate 55% of Bitcoin's network hashrate, while U.S.-based mining pools control about 40%.

September has turned out to be positive for Bitcoin despite previous scenarios where BTC faced pessimistic performances in the month.

Despite a nationwide ban on cryptocurrencies, Chinese miners still hold over 55% of the Bitcoin mining network.

A Bitcoin whale who mined cryptocurrency in the earliest days of the network has recently become active after nearly a decade of dormancy. According to data from blockchain intelligence firm Arkham, this early miner has sent a portion of their holdings to the Kraken exchange.

Objective of Citrea: Bitcoin as the basis for global finance through the BitVM paradigm

Despite China's 2021 cryptocurrency ban, the country still maintains significant control over the Bitcoin mining network, with over 55% of the global hashrate.

Another wallet with coins mined in the first two months after Bitcoin's launch has just become active after being dormant for over a decade. On Sept.

The entity still owns almost $80 million in BTC.

BitMEX introduces the XBTX24 Bitcoin futures contract, available for trading from September 24, 2024, with settlement on November 29, 2024.

With the crypto market outlook showcasing a bullish outlook, Bitcoin (BTC) price is set to move higher and obliterate the bearish sentiment. Ethereum (ETH), Ripple (XRP) and other coins also look primed for a move higher.

Jamie Coutts, the chief crypto analyst at investment management firm Real Vision, believes that China's recent stimulus package is positive for Bitcoin.

Avocado's analysis comes as BTC surged 7.5% in the past week, triggered by the Federal Reserve reducing its interest rate by 50 basis points.