Bitcoin is navigating a pivotal moment after experiencing a 5% dip from its recent local highs of around $66,500. The broader crypto market is currently in a state of flux, yet investor sentiment remains buoyant regarding future performance.
A high-profile whale had to close $120M in positions on Hyperliquid, incurring significant costs and funding fees. BTC slid to $60,000 after over-leveraged longs were attacked.
Open interest (OI) in Bitcoin has skyrocketed, surpassing $35 billion. Additional Middle East escalation may send prices down to as low as 55,000.
Franklin Templeton has submitted a Crypto ETF proposal to the SEC, aiming to offer combined exposure to Bitcoin and Ethereum. The post Franklin Templeton submits Bitcoin & Ethereum index ETF proposal to SEC appeared first on Crypto Briefing.
U.S. spot Bitcoin ETFs saw outflows of about $243 million, marking the largest withdrawal in almost a month. This shift comes after an eight-day streak of inflows, which had totaled approximately $1.4 billion.
Bitcoin traders maintain a neutral sentiment despite the uptick in geopolitical tension and uncertainty within world markets.
In a recent episode of the Unchained Podcast, Democratic Representative Ro Khanna said US government should keep seized Bitcoin as a strategic reserve asset. Support for a strategic Bitcoin reserve is now bipartisan.
Bitcoin has taken a hit as rising tensions between Israel and Iran have led to heightened market uncertainty. As the conflict escalates, Bitcoin's price has dropped by 3.16%, settling around $61,715, with major altcoins like Ethereum down as much as 10%.
New data from the crypto market analytics firm Kaiko Research indicates traders are placing big bets that Bitcoin (BTC) will have a strong October.
Crypto whales are aggressively accumulating Bitcoin (BTC) in an unprecedented manner, according to the CEO of a prominent analytics firm. CryptoQuant CEO Ki Young Ju tells his 363,000 followers on the social media platform X that the market hasn't seen the current behavior from whales.
Cryptocurrency markets are trading lower as markets continue to cope with geopolitical uncertainty. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $60,836 -1.6% Ethereum (CRYPTO: ETH) $2,393 -4% Solana (CRYPTO: SOL) $140.87 -4% Dogecoin (CRYPTO: DOGE) $0.1034 -3.4% Shiba Inu (CRYPTO: SHIB) $0.00001617 -0.4% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 12% and daily active addresses increasing by 17.6%.
Bitcoin's price is currently retesting its "Bull Market Support Band" trend indicator, where prices often rebounded from pullbacks during uptrends.
Bipartisan support builds for a U.S. strategic Bitcoin reserve as Senators Lummis and Khanna back Bitcoins potential as a national asset. The post Congressman Khanna backs Bitcoin strategic reserve as Democrats seek a ‘crypto reset' appeared first on Crypto Briefing.
On-chain analytics provider Spot On Chain highlighted a Bitcoin (CRYPTO: BTC) whale's activity as the apex crypto is trying to hold on to the $62,000 mark. What Happened: The platform reported that the Bitcoin whale deposited on a centralized exchange as the market dropped amid escalating geopolitical tensions The whale had reportedly accumulated a net 3,933 BTC (worth $234 million) from Binance between Aug. 29 and Sep. 15.
In a report by Glassnode and researchers Cryptovizart and Ukuria OC, bitcoin has reclaimed a key short-term cost basis after the Federal Reserve's recent interest rate cut. This recovery signals the potential for further price momentum, although broader market conditions remain cautious.
Bitcoin has seen a retracement from the $66,000 level, but that does not mean that the bullishness of the pioneer cryptocurrency is completely gone. It is currently sitting around 4% below $66,000, which still makes its $63,000 level very attractive for bulls.
The Bitcoin price could drop to as low as $57,000, according to a recent prediction by popular analyst Justin Bennett. Israel's imminent attack against Iran could be what leads to this price decline, considering how the flagship crypto dropped to $60,000 following Iran's missile attacks against Israel.
Bitcoin (BTC) is showing signs of renewed optimism as several key indicators have turned positive, according to a well-known on-chain analyst. The pseudonymous analyst, Checkmate, who has garnered a following of over 98,000 on the social media platform X (formerly Twitter), has shared insights suggesting that Bitcoin's market momentum is stabilizing.
The head of digital assets at BlackRock, Robert Mitchnick, is reportedly saying that the spot Ethereum (ETH) exchange-traded fund (ETF) launched earlier this year by the global investment giant has attracted a lower volume of inflows relative to a similar Bitcoin (BTC) product.
History favors Bitcoin's price prospects for Q4, but CryptoQuant analysts caution that a consistent uptick in demand will be a critical component.
Bitcoin's price took a sharp dive, shedding nearly $4,000 in just under 24 hours as tensions in the Middle East flared up following a missile strike by Iran on Israel on October 1st. The sudden price drop saw Bitcoin plummet from over $64,000 to a low of $60,000 before stabilizing around $61,700 during early Wednesday trading in Asia.
The price of Bitcoin has plunged over the last 24-hour period amid rising geopolitical tensions, to now trade around $61,000 after losing nearly 7% of its value. The drop- however, may be a temporary setback, as a cryptocurrency analyst has recently pointed to a potential surge to $90,000 this year.
Altcoin prices crumbled as Bitcoin fell to $60,000, but charts suggest buyers could step in soon.
Following a 5% drop on Tuesday, Bitcoin (CRYPTO: BTC) is down 0.3% to $61,680 on Wednesday afternoon, with analysts cautioning traders about potential further downside if key support levels don't hold. What Happened: Alex Kuptsikevich, senior market analyst at FxPro said a technical factor added to the selling: the day before, BTCUSD had fallen below its 200-day moving average, reinforcing the exit of ‘weak hands' from the asset.
TL;DR Bitcoin has reached a new technical high of $66,000, marking a significant change in its recovery, supported by record on-chain metrics. The similarities in BTC's performance with previous cycles suggest a comparable pattern, despite differing market conditions. The profitability of short-term holders has improved, and 47.
MicroStrategy (NASDAQ: MSTR) has become one way many investors have found to get into Bitcoin (CRYPTO: BTC). Looking at the returns of the two over the past three years, investing in MicroStrategy has been far superior to investing in Bitcoin.
The past few days have been turbulent for Bitcoin (BTC), with the leading cryptocurrency experiencing a decline of roughly 8% since September 29.
Despite Bitcoin's plunge below $63,000 due to Middle East tensions, W, CFX, and OM surged, bucking the broader market trend.
What underlying events triggered the sudden outflows from Bitcoin and Ethereum ETFs?
As we ring the curtain down on Q3, uncertainty surrounds Bitcoin's prospects of reaching six figures in this cycle. However, according to one crypto mining executive, BTC hitting fresh historic highs remains within reach.
Immediately following an escalation of tensions in the Middle East, the price of Bitcoin fell by approximately $4,000 on Oct. 1.
Bitcoin's demand has shown signs of stabilization, but a more significant uptick is required in Q4 to support higher prices, analysts said.
Tesla's Bitcoin investments have seen a dramatic turnaround, with its holdings increasing by roughly 220% since its last major sale.
Argentine Vice President and Senate President Victoria Villarruel held a private meeting about Bitcoin with El Salvador's President, Nayib Bukele, during the second days of his first official visit to Argentina.
As tensions in the Middle East intensify, Bitcoin ETFs face an unprecedented capital flight. This phenomenon, which manifested through massive outflows, has left investors in shock, reversing a bullish trend that seemed promising.
Cryptocurrency experts are advising traders to remain vigilant and potentially reduce their long positions if Bitcoin (CRYPTO: BTC) trades below a critical support level amid conflicting signals in the broader economic landscape. What Happened: According to the latest 10x Research report, the crucial level to watch is the 21-week moving average, currently sitting at $60,918.
The prices of the top 10 coins remain in the red zone, according to CoinStats.
Bitcoin has moved away from the recent lows, seemingly headed to test the slight resistance at $62,000, with it somewhat recovering after the Iranian fireworks show over Israel.
While many crypto market participants had high hopes for the upcoming month of October, its arrival brought unprecedented disappointment, with Bitcoin (BTC) losing 3.98% right from the start and the total market capitalization of altcoins shrinking by $41.67 billion.
Bitcoin faced a significant fall yesterday and this fire did not even spare the ETF ecosystem. Bitcoin ETFs, yesterday recorded their largest outflow in a month. This broke the eight day inflow streak. This outflow coincided with the 6% drop in value of Bitcoin majorly due to rising war tension in the Middle East.
Bitcoin (BTC), the world's largest cryptocurrency by market cap is poised for a significant price decline in the coming days. Due to the ongoing conflict between Iran and Israel, overall market sentiment has turned bearish, and BTC has breached its crucial support of $62,150 level.
Proton's legal team argued that the lawsuit should be thrown out due to its lack of solid legal grounds.
Former Goldman Sachs top manager and renowned cryptocurrency advocate Raoul Pal has brought an epic new Bitcoin (BTC) price prediction into the spotlight, expressing his agreement with the arguments presented. The analysis that caught Pal's attention uses the Wyckoff Accumulation Method, a trading strategy developed by Richard D.
Recently, the price of bitcoin has fluctuated noticeably due to traditional financial institutions adopting blockchain technology and rising international tensions.
The recent cryptocurrency selloff didn't shake pro-crypto bullish beliefs and one expert even claims that Bitcoin has historically outperformed gold during periods of excessive debt and leverage expansion in the financial system. However, the selloff has tested, perhaps more than ever before, the long-held belief that Bitcoin plays the role of “digital gold” and should
The sudden drop in Bitcoin's price may have scared several Bitcoin ETF investors, but BlackRock's iShares Bitcoin Trust (IBIT) held the floor. A Farside Investors report shows that only the asset manager purchased $40.8 million worth of BTC among all of its nine counterparts on Oct. 1.
Bitcoin (BTC) hits a new technical higher high at $66k, with on-chain metrics suggesting a market shift, according to Glassnode Insights.