Bitcoin's (CRYPTO: BTC) on-chain data is showing key support levels that suggest a potential turning point for the cryptocurrency, indicating a positive outlook for the long-term trajectory of its price. What Happened: According to data from CryptoQuant, several on-chain metrics have hit critical support points, historically marking the end of bear markets and the beginning of new bull runs.
BlackRock has put forward an amendment for its BTC ETF fund because of concerns of investors about the on-chain settlement practices of Coinbase. The amendment involves the requirement to withdraw BTC within 12 hours from Coinbase.
In a statement made exactly 14 years ago, pseudonymous Bitcoin creator Satoshi Nakamoto highlighted the potential of Bitcoin for everyday payments.
Veteran analyst Peter Brandt is making a bold prediction that is creating a lot of talk in the crypto arena: by 2025, Bitcoin should see its price jump 400% relative to gold. Related Reading: Solana Jumps 10% As Fed Eases Rates, Analysts Eye Even Higher Gains He feels that, according to the market patterns witnessed so far, Bitcoin could soar to the equivalent of around 123 ounces of gold.
American businessman, entrepreneur and CEO of MicroStrategy Michael Saylor, known as a fierce supporter of Bitcoin (BTC), came to the public with a new post on the major cryptocurrency.
Ethereum surges around 6% in the last 24 hours, soon to lose 2%. Currently ETH is trading at $2,639 and still fighting to take an upper route, which looks very difficult to achieve looking at the market conditions.
According to the recent CoinShares report, last week, institutional investors increased their bet on XRP, while withdrawing funds from ADA and the second largest cryptocurrency, Ethereum. The report was shared on the X platform by Chinese cryptocurrency blogger and journalist Colin Wu on his personal page.
Former White House Director of Communications Anthony Scaramucci reacted tongue-in-cheek to Vice President Kamala Harris' supportive comments about digital assets, which would mark a departure from the current administration's track record. What Happened: Scaramucci, who will be a headline speaker at Benzinga's upcoming Future of Digital Assets event on Nov. 19, quipped on his X account that “Kamala means Bitcoin in every language.
Bitcoin mirrors its 2020 post-Halving setup, signaling a potential 2024 parabolic rally.
It took the Bitcoin winner some time to realize his good fortune because he said the deck "looked better in the binder."
The performance of digital assets shocked market watchers as different products witnessed a significant second week of positive inflows. The crypto space recorded a massive $321 million to stay green at the close of trading.
Bitcoin (BTC) has experienced a significant rebound in recent weeks, surging over 8% to climb above $63,000. This upward momentum comes on the back of key economic shifts, including the U.S. Federal Reserve's decision to cut interest rates, further fueling optimism around the world's largest cryptocurrency.
As Bitcoin (BTC) continues to trade below its all-time high of above $73,000, the maiden cryptocurrency has seen a growth in the number of millionaire holders in 2024.
Cryptocurrency prices were mostly flat on Sep. 23 as traders embraced a wait-and-see approach after last week's Federal Reserve decision.
Ethereum (ETH) has seen an increase in burn rate this month, indicating that usage and activity on the network have increased significantly.
Quantum Blockchain Technologies PLC is establishing itself as a key player, pushing the boundaries of technological innovation with the introduction of new methods based on artificial intelligence (AI) and quantum computing to optimize calculations related to the SHA-256 protocol used in Bitcoin mining.
China remains a major player in the Bitcoin mining industry despite imposing a blanket ban on cryptocurrencies in 2021
Digital asset investment products saw inflows for the second consecutive week this month, with investors pouring $321 million into the industry, according to CoinShares‘ latest weekly report. This influx boosted the total assets under management (AuM) for crypto exchange-traded products (ETPs) by 9%, bringing the total to $85.8 billion.
In cryptocurrency trading, converting one digital asset to another, commonly known as a crypto swap, has gained significant popularity among investors and traders. This article aims to guide individuals through converting Saitama and TON tokens to Ethereum (ETH) using a crypto swap platform.
Ethereum has outperformed bitcoin since the U.S. Federal Reserve cut its Federal Funds rate by 50 basis points last Wednesday.
As the Chicago Fed's NFCI hits its loosest levels since 2021, Bitcoin rallies—could looser financial conditions spark another bull run?
Bitcoin hashrate dynamics are moving rapidly as the crypto gets ready to enter the next phase of an ever-evasive bull run. The latest data reveals that the BTC hashrate dominance is now shifting towards United States mining companies despite China's renewed efforts to boost the industry.
The Bitcoin market has been somewhat noisy, but it looks likely that we are going to see a lot of support given enough time. Whether or not we can breakout at this point in time, it's a serious question as Bitcoin has underperformed until recently.
Bitcoin is a tool for financial independence and privacy, helping women reclaim control over their lives after experiencing domestic violence and financial abuse,
After a Bitcoin and Layer 2 conference in Japan, which focused on promoting crypto adoption at a governmental level, Samson Mow, a Bitcoin proponent, and CEO of JAN3, is now encouraging the Japanese government to acquire 167,000 BTC. Representatives from major banks, fintech firms, and regulatory bodies in Japan attended the conference.
Riot Platforms and Bitfarms have resolved their dispute following a settlement agreement detailed in a joint announcement on Sept. 23, 2024. The agreement, which was filed with the U.S. Securities and Exchange Commission (SEC), comes ahead of Bitfarms' special shareholder meeting on Nov. 6, 2024.
Bitcoin has been widely discussed after the world's largest asset manager, BlackRock, filed for spot ETF. Since then, BTC Options for institutional clients have been approved.
Bitcoin's price has been recovering over the past couple of weeks. The market is in a critical area, which could determine its mid-term future.
Over the last three days, the Ethereum Foundation has shaken up the market by selling off 500 ETH. The organization has reportedly offloaded $10 million worth of Ethereum this year in separate events.
Following the ongoing global economic shift catalyzed by the recent Fed rate cut last week, more institutional investors are eyeing the Bitcoin (BTC) and altcoin industries. Furthermore, the impressive performance of Gold (XAU) is expected to boost the crypto bullish outlook in the fourth quarter.
Bitcoin reached a new all-time high of $73,880 in USD terms earlier in 2024, but toppling it by 2025 does not take it above 2021's inflation-adjusted value.
BlackRock and ETFs have saved “BTC's price from the abyss repeatedly,” according to Bloomberg's senior ETF analyst.
A high leverage ratio reflects growing bullish sentiment as traders increase their margin positions on BTC.
Crypto bettors are speculating about another rate cut, with Polymarket showing a near-even split: 43% expecting a 50 bps cut and another 48% anticipating a 25 bps reduction.
The U.S. Securities and Exchange Commission (SEC) recently approved the listing of physically settled options for BlackRock's spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT). This approval is seen as a big deal for the crypto market.
Institutions and whales are gearing up for the next crypto bull run, expecting BTC to hit triple digits. Meme coins like Popcat, Brett, Pepe and Memebet Token are also in high demand.
Over the past few days, Ethereum (ETH) whales have been relentlessly selling their coins, dampening the market's momentum. Whale inflow into cryptocurrency exchanges has surged, indicating a strong desire for profit as the coin's price has skyrocketed by double digits over the past seven days.
As of Sept. 23, 2024, ethereum is trading at $2,646, with an intraday price range of $2,531 to $2,684. Over the past 24 hours, ethereum has recorded a trading volume of $16.36 billion and a market capitalization of $318.56 billion.
An analyst has explained why Bitcoin could end the year 2024 inside the $108,000 to $155,000 range if history repeats for the asset. Bitcoin Performance Has Been Similar To Last Two Cycles So Far In a new post on X, analyst James Van Straten has discussed about the BTC price performance from the cycle low chart for the last couple of cycles.
Ethereum has recently seen a surge in demand near the crucial $2.1K support zone, resulting in a significant bullish retracement. The price has now reclaimed the middle threshold of the multi-month descending channel, suggesting the potential for further gains toward the upper boundary near $3K.
Cryptocurrency Prices Today: The cryptocurrency industry has made positive shifts since early Asian trading hours. The global market cap is up a descent 1.41% to $2.23 Trillion. With Bitcoin's dominance at 56.4%, compared to Ethereum's 14.3%, investors are speculating the possibility of an altseason.
The crypto market just pulled in $321 million in investment inflows, marking its second straight week of positive fund movement, all thanks to the change in U.S. monetary policy. After the Federal Open Market Committee (FOMC) went last week, investors rushed in.
Ethereum's lag in inflows highlights potential investor skepticism and could signal shifting market preferences within the crypto sector. The post Crypto products see $321 million in inflows, Ethereum funds lag appeared first on Crypto Briefing.
Bitwise executive Jeff Park said that the IBIT options would be a game-changer and would remove the “jump-to-default (JTD) risk”, which has deterred institutional investors from participating.
In a significant revelation, historical trends suggest that Bitcoin might be on the verge of another major rally, reminiscent of its past Q4 surges.
Ongoing sell-offs may threaten retail investor confidence and market stability.
The US Securities and Exchange Commission (SEC) has approved Nasdaq to list and trade options on BlackRock's spot Bitcoin exchange-traded fund (ETF) product, iShares Bitcoin Trust (IBIT). Options trading enables investors to buy or sell assets at a pre-determined price, helping them speculate on price movements.