Bitcoin's rally above $64,000 reinforced a recently established trend change and “locked in” a bullish pattern of higher price lows.
On Monday, Oct. 7, bitcoin (BTC) reached an intraday peak of $64,444, giving traders plenty to buzz about. By the end of Monday's trading sessions, BTC had gained 2% against the U.S. dollar. The global crypto trading scene saw an impressive $92.617 billion in volume, with bitcoin grabbing a $29.85 billion slice of that pie.
Metaplanet, a Japanese public firm that's following MicroStrategy's Bitcoin reserve playbook, announced that it has purchased even more BTC.
The Wall Street Cheat Sheet has been around for years now and is often passed around in finance circles, so Bitcoin has not been left out. The cheat sheet shows different stages of each market cycle, using sentiment to track where in the cycle a particular asset is.
ZachXBT's crypto investigations helped recover $275,000 in Bitcoin stolen from an elderly U.S. user in an apparent social engineering scam. According to the blockchain sleuth, Indian impersonators stole around 15 Bitcoin (BTC) from a Coinbase user back in April.
As the cryptocurrency market enters a new week, several digital currencies are experiencing notable gains, fueled by Bitcoin's robust performance. Bitcoin, the leading asset, is seeing impressive traction alongside emerging meme coins like Hamster Kombat and POPCAT. The overall landscape is vibrant, attracting keen interest from investors and traders alike.
Bitcoin has been gaining during the past 24 hours, starting with Asia's market opening, with it briefly crossing $64,000 for a 2% rise.
Riot Platforms Inc (NASDAQ:RIOT) CEO Jason Les expressed the company's interest in artificial intelligence opportunities, contingent on the emergence of a favorable deal. What Happened: In a recent interview with Bernstein analysts, Les highlighted Core Scientific's (NASDAQ:CORZ) collaboration with AI Hyperscaler CoreWeave as a potential model for such ventures, The Block reported.
Cryptocurrency research firm QCP Capital has issued its latest market insights, addressing significant trends impacting Bitcoin as the new quarter begins.
Since the price of Bitcoin (BTC) soared to an all-time high (ATH) of $73,750 in March, it has not traded close to this level again. This is despite the Bitcoin halving event on April 20, which further deflated the emissions rate of the digital currency.
TL;DR Strategic Collaboration: 21.co and Crypto.com partner to enhance liquidity and custody solutions for 21BTC. Access to Liquidity: 21BTC will take advantage of Crypto.com's deep liquidity and competitive fees. Future Innovations: Both companies plan to expand their collaboration with new announcements in the future. The recent partnership between 21.co and Crypto.
Tokyo-listed investment adviser Metaplanet has made another bold move in the cryptocurrency market, significantly increasing its bitcoin holdings with a fresh investment of 1 billion yen ($6.7 million). This latest acquisition brings the company's total bitcoin reserves to 639.5 BTC, valued at approximately $40.6 million.
Bitcoin has now been in a bull market for 686 days, ever since it bottomed out below $15,500 in November 2022 amid the FTX fiasco.
Bitcoin price rose for two consecutive days on Monday, Oct. 7, as traders embraced a risk-on sentiment. Bitcoin (BTC) rose to an intraday high of $64,000, a 6.62% increase from last week's lowest point.
Arrington Capital-backed RedStone has launched Bitcoin staking oracles on Monday to enhance DeFi protocols on platforms like Ethereum, Avalanche, and Polygon.
Explore how Bitcoin (BTC) is transforming global fundraising efforts through platforms like Geyser Fund, BTCPay Server, and Kuno, enabling secure, anonymous, and censorship-free donations.
The National Bank of Bahrain launched the GCC's first Bitcoin-linked structured investment, developed with ARP Digital.
Former MicroStraregy CEO Michael Saylor has stepped up his social media game by taking to the X platform to declare that Bitcoin is “winning.”
A wallet-draining service on TON ceased operations due to limited high-value users, redirecting efforts toward more lucrative Bitcoin targets.
Investor Dan Tapiero says that Bitcoin (BTC) is setting up for a breakout after printing a massive bullish technical pattern. Tapiero says that Bitcoin is forming a large, years-long cup and handle structure that is setting BTC up for a breach of the March 2024 highs at $74,000.
TL;DR A wallet drainer from The Open Network (TON) is shutting down operations due to a lack of large investors and is redirecting its focus to Bitcoin theft. The hackers argue that the small community of The Open Network is not viable for their operations, suggesting users enjoy theft on Bitcoin.
The National Bank of Bahrain (NBB) has partnered with APR Digital to launch the Gulf Cooperation Council's (GCC) first Bitcoin-linked Structured investment. This fund will provide accredited investors exposure to the flagship crypto.
October's bullish "Uptober" narrative is regaining momentum as bitcoin recovered from last week's market sell-off, QCP Capital analysts said.
A new week has started positively for most of the coins, according to CoinMarketCap.
After the announcement, data reveals that Metaplanet's stock surged by more than 12% on October 7th, before dipping to 988 yen later in the day.
The Bitcoin market continues to see a lot of noisy behavior, as the Wall Street ETF continues to dampen a bit of the inherent volatility in this asset. At this point in time, the market will continue to be choppy, and therefore you should be cautious about your position sizing.
Bitcoin has been the best-performing asset of 2024, recording an increase of nearly 50% since the start of the year. As the price rises above $63,500, the possibility of achieving $70,000 has yet again emerged. The charts are looking pretty good and hence the bullish plan continues to remain in play.
Cryptocurrency analyst Benjamin Cowen suggests that Bitcoin may have just avoided a major decline. According to Cowen's latest analysis, Bitcoin closed the weekly candle marginally above the critical bull market support band, even though it had briefly fallen below it.
Blockchain security platform Scam Sniffer has reported the shutdown of a wallet drainer operating on The Open Network (TON) blockchain, citing the absence of large-scale participants, also known as “whales.” In an Oct.
The price of Bitcoin (BTC) is trying to hit the next highs, but there are a plethora of hurdles in its path. The market witnessed a selling trend today, hindering price growth.
A wallet drainer operating on The Open Network (TON) has announced its shutdown due to a perceived lack of crypto whales within the community.
TL;DR Cryptocurrency investment products recorded divestments totaling $147 million last week. Bitcoin led the outflows with $159 million, while short Bitcoin products saw inflows of $2.8 million. Multi-asset products stood out with their sixteenth consecutive week of inflows, adding $29 million.
Bitcoin continues to hold its status as the best-performing asset class in 2024, despite a “seasonally weak” third quarter.
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Bitcoin is trading at prices between $62,856 to $63,016 at press time, with a market cap of $1.24 trillion and a 24-hour trade volume of $23.87 billion. Intraday, prices fluctuated between $62,120 and $63,909, showing signs of consolidation.
Rockdale, a small town in Texas, went through an economic disaster in 2008. The Alcoa aluminum plant, once the largest employer in town, shut down due to rising energy costs and new regulations.
Bitcoin is vulnerable as plenty of traders are opting for short positions within a limited timeframe.
Crypto Market Overview: The cryptocurrency business has traced back to its total market cap of $2.19 trillion. The US Jobs Report positively impacted market sentiment, easing concerns about an economic slowdown and driving increased interest in riskier assets like cryptocurrencies.
Bitcoin, the world's most popular cryptocurrency, has surged close to $64,000, riding on a wave of positive economic data from the U.S. The rally comes after weeks of subdued performance, with analysts now pointing to a combination of factors, including strong employment numbers and anticipation of another Federal Reserve interest rate cut.
Bitcoin (BTC) is back above $63,000 again, but there is a catch. This time, the BTC price tried to clear the $64,000 level but faced significant rejection from the resistance level of $65,000.
During the night, it had reached nearly $64,000, thanks to the Asian markets.
In 2024, Bitcoin has proven to be the best-performing investment, outshining traditional assets like gold, silver, and stocks. Despite a few market challenges, Bitcoin's year-to-date growth stands at an impressive 49.2%.
This week, the U.S. economic calendar could well be the catalyst for significant movements for Bitcoin. With crucial inflation data and economic reports directly influencing Federal Reserve decisions, cryptocurrency investors should expect a busy week.
Bitcoin, the world's leading cryptocurrency, has once again proven its mettle in a year marked by volatility and market uncertainties. According to a recent analysis from the New York Digital Investment Group (NYDIG), Bitcoin has posted an impressive year-to-date gain of 49.2%, making it the standout asset of 2024, even as it grappled with a tough third quarter that saw only a 2.5% increase.
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 7, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
Metaplanet, often dubbed Japan's MicroStrategy, has acquired an additional 108.786 Bitcoin for approximately $6.7 million, as announced by CEO Simon Gerovich.