Earlier today, the U.S. Bureau of Labor Statistics reported that the annual inflation rate had increased to 2.4%, exceeding analysts' expectations.
American businessman and MicroStrategy CEO Michael Saylor, known for his radically bullish stance on major cryptocurrency Bitcoin (BTC), has unleashed an epic new post on his social media accounts. It should be noted that Saylor regularly shakes up the information field with his viral, unconventional statements on Bitcoin, often accompanied by some nonstandard image.
Ethereum (ETH), the second-largest cryptocurrency by market cap, finds itself at a crucial point in the market. While the broader crypto community awaits a rally, Ethereum continues to face resistance at key price levels.
The Solana price has suffered along with the rest of the market today, falling by 2% in the past 24 hours as prices fall by 3% on average.
Anthony Pompliano, the Bitcoin (CRYPTO: BTC) bull and co-founder of Morgan Creek Digital, faced a turning point in 2022 when his cryptocurrency predictions failed to materialize as he had hoped. Known for his bold statements, Pompliano, who is a keynote speaker at Benzinga's Future of Digital Assets event on Nov. 19, had previously forecasted Bitcoin reaching $100,000 within 2.5 years when it was sitting around $12,000 in June 2019.
The crypto market has been seeing encouraging signs in October, with stablecoin liquidity surging and large Bitcoin transactions hinting at a possible price increase.
Ethereum faces short-term downtrend, but potential 2025 bull run remains likely.
As bitcoin continues to gain traction as a financial asset, its role in reshaping traditional mortgages could mark a significant advancement for homeownership and the American Dream.
The Bitcoin (BTC) price is consolidating just below $61,000 in wake of the release of a slightly hotter-than-expected US CPI inflation report for September.
Bitcoin (BTC), the world's largest cryptocurrency by market capitalization, has recently faced a sharp decline in its price, plummeting by 10% over the past week. This downturn has raised significant concerns among investors and market analysts alike, as geopolitical tensions and a wave of sell-offs create a landscape of uncertainty.
Unichain's launch could significantly enhance Ethereum's scalability and DeFi accessibility, potentially reshaping the blockchain landscape. The post Uniswap debuts Ethereum L2 Unichain, UNI token surges 13% appeared first on Crypto Briefing.
Bitcoin arguably stands to benefit from macro data upheaval as US CPI and jobless data diverges in a "nightmare" for the Federal Reserve.
Yes, hyperbitcoinization is happening. Yes, there will be a messy period of complete crypto degeneracy before that.
Billy Markus clarified that Peter Todd is an "OG core dev" but not the creator of Bitcoin.
Bitcoin's consolidation around $60,000 has investors sidelined, with a new price range needed to spark activity, according to an analyst.
Software developer Peter Todd has emphatically stated that he is not Satoshi Nakamoto, the enigmatic figure behind Bitcoin, in a recent interview with Bloomberg. This assertion comes in response to the HBO documentary Money Electric: The Bitcoin Mystery, which suggests Todd may be linked to Nakamoto through circumstantial evidence.
BlackRock has spoken very well about the crypto Bitcoin and its potential against inflation for the personal portfolio.
Bitcoin (BTC) has had a turbulent relationship with major financial institutions over the years, with many dismissing the cryptocurrency altogether for years.
The Korean Financial Services Commission, a local finance regulator, forms a special virtual asset committee that might create the legal framework for a Bitcoin Spot ETF launch in the country. Ki Young Ju, CEO and cofounder of CryptoQuant, explains why this is bullish for the first cryptocurrency - and what is next for "Kimchi Premium" indicator for the BTC price.
Bitcoin's rejection at $66K and the break below the 200-day moving average suggest that bearish sentiment is gaining strength. If the price fails to hold the $60K support, the likelihood of a mid-term decline toward the $52K-$55K zone increases.
The Bitcoin market bounced a bit in the early part of the Thursday session. After all, the $60,000 level has offered buying pressures again, as the large, round, psychologically important figures tend to do.
While the identity of Satoshi Nakamoto is still more or less unknown, it is believed that Nakamoto owns billions of dollars' worth of Bitcoin.
Ethereum's recent failure to reclaim the multi-month descending channel's middle threshold of $2.6K has resulted in a significant rejection, signaling a possible continuation of the downtrend toward the mid-term $2.1K support level. Technical Analysis By Shayan The Daily Chart Ethereum's price movement on the daily chart reflects a bull trap.
Ethereum price today is hovering around $2,388 after decreasing by nearly 7% since the October 7 swing high. This downtrend aligns with Bitcoin's 2% drop in the last 24 hours.
On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) faced another tough day, with the 12 funds seeing outflows totaling $30.59 million. In contrast, their spot ethereum ETF counterparts had an uneventful day, with all nine funds neither gaining nor losing value. Wednesday's Spot Crypto ETF Action On Oct. 9, the 12 U.S.
Spot Bitcoin Exchange-Traded Funds (ETFs) in the United States have experienced substantial net outflows, breaking a brief positive streak. On Tuesday, these funds reported a total outflow of $18.66 million, signaling a potential shift in market sentiment.
World Liberty Financial (WLF), a decentralized finance (DeFi) project associated with the Trump family, has officially proposed to launch on Aave V3 on Ethereum's mainnet.
Uniswap will launch an Ethereum layer-2 network called Unichain in an effort to cut fees, boost liquidity, and more.
The CPI data for September suggests that the Fed might not cut the rates again in November.
Stripe has announced the reactivation of crypto payments for U.S. businesses, allowing businesses to accept USDC through Ethereum, Solana, and Polygon.
Uniswap Labs is building a custom Layer 2 called Unichain using the Optimism Superchain, which will feature sub-second block times.
The latest US Consumer Price Index (CPI) report has delivered a surprise 2.4% outcome, revealing higher-than-anticipated inflation figures. Despite that, Bitcoin's (BTC) price is holding on to the $60,000 threshold.
"Security was the number one most important factor," said Phuc Thai, Head Researcher at Ronin developer Sky Mavis.
Investors are looking for alternative opportunities while navigating the uncertainty in high-cap tokens.
Ethiopia is gradually becoming a Bitcoin mining center, thanks to its huge hydroelectric supplies and low electricity prices. Local miners are currently consuming approximately 600 megawatts (MW) of power, with further capacity expected to come online soon.
Adam Back, veteran cryptographer and CEO of Blockstream, known as the contributor of the Bitcoin white paper mentioned by Satoshi Nakamoto himself, has broken his silence on the current conjecture surrounding the crypto market.
The stagnation of the Bitcoin price despite the first rate cut by the US Federal Reserve since 2020 has perplexed many investors and traders within the market. In a new post on X, Andrew Kang, CEO of Mechanism Capital addressed the disproportionate emphasis that market participants have placed on Federal Reserve rate cuts and economic stimulus in China.
The demand for Ethereum has been somewhat lacking, to say the least.
Cryptocurrency Market Today: The US Consumer Price Index (CPI) has fallen to 2.4%, somewhat more than projected but lower than the previous 2.5%, suggesting small economic developments. This has altered market sentiment, resulting in a little shakeup in the bitcoin market. As inflation concerns linger, the cryptocurrency market's overall value has declined.
Bitcoin staking protocol Babylon has recently reopened for additional BTC deposits, and drew in about $1.5 billion worth of the flagship cryptocurrency shortly after doing so as investors rushed in to stake their coins in less than an hour and a half.
The latest US Consumer Price Index (CPI) data showed that the inflation stayed at 0.2% in September, up from what the market was expecting. Notably, the higher-than-anticipated inflation level has fueled market concerns, which is likely to send Bitcoin price below $60K soon.
IREN, formerly known as Iris Energy, is facing a class-action lawsuit from investors who allege the cryptocurrency mining company misrepresented its high-performance computing (HPC) capabilities.
In a very short while from now, the US CPI rates are expected to be announced, which is believed to be lower than expected. This is further expected to revamp a strong ascending trend and rise above the monthly highs at $64,500.
The FED has been able to control the US inflation rates, which are dropping every month, displaying a bullish outlook for the crypto markets. The rates have been plunging almost since the start of the year, which has offered a strong boost to the crypto markets.
Bitcoin is currently navigating a crucial juncture as it seeks to maintain its Short-Term Holder (STH) cost basis following a notable 10% correction in the market. According to a recent report from blockchain analytics firm Glassnode, the STH cost basis currently stands at $62,500.