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.

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.

With central banks around the world cutting interest rates and injecting stimulus, how can you position your portfolio to benefit from the resulting increase in liquidity? Read on.

Younger generations are turning away from traditional financial plans like pensions and retirement funds which rely on fiat money.

Bitcoin price retreated for four consecutive days as the crypto fear and greed index moved back to the fear zone and as geopolitical risks rose. Bitcoin (BTC) fell to $60,200, its lowest level since Sep.

The SLNT Submersible Faraday Backpack may be a bit of a splurge, but it has all the features a Bitcoin privacy expert could want.

The best charts to read are the simplest. Bitcoin's chart right now could be on the first page of a book called "Technical analysis 101.

Bitcoin's recent surge in open interest beyond $35 billion has analysts worried about potential signs of froth in the market.

On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) saw $242.53 million exit, following a sharp drop in bitcoin's value. Similarly, the nine spot ethereum ETFs experienced a loss of $48.52 million in the day's trading. Fidelity and Grayscale Lead the Pack in Tuesday's ETF Outflows After a series of positive inflows, the 12 U.S.

TL;DR CME Group launched Bitcoin Friday Futures (BFF) on October 1, 2024, with 31,498 contracts traded on the first day. The product offers contracts equivalent to one-fiftieth of a BTC, with weekly expirations on Fridays. The launch aims to bridge the gap between traditional financial markets and the crypto market, providing greater flexibility and liquidity.

Marathon Digital Holdings, one of the largest Bitcoin mining companies, reported a 5% increase in Bitcoin production for September 2024. The company mined 705 Bitcoin (BTC), raising its total holdings to 26,842 BTC, according to company postings.

Bitcoin's price is currently trending down as a result of the potential war brewing in the Middle East. A key level is lost, which could lead to a further decline in the short term.

While October is a traditionally bullish month for the cryptocurrency space that between 2010 and 2023 saw an average gain of 28.7% for the cryptocurrency according to CCData, this year the month started with an aggressive sell-off.

Proton Management has filed a motion to dismiss a lawsuit brought against it by Swan Bitcoin, arguing that the claims are fundamentally flawed.

Institutional investors have reacted cautiously to escalating tensions in the Middle East, leading to significant withdrawals from U.S. spot Bitcoin exchange-traded funds (ETFs).

The bitcoin market continues to see a lot of negativity again, as the market simply has died after the Wall Street ETF came to be. The market is in flux at the moment, and it is difficult to see whether or not we will rally in the short term.

Bitcoin has fallen to approximately $60,000 as geopolitical tensions rise following missile strikes by Iran on Israel. This decline marks a significant drop of over 3% within a single day, reflecting growing anxiety among investors and their propensity to retreat from riskier assets such as cryptocurrencies.

In its Oct. 2 market analysis, QCP Capital highlights the effect of escalating Middle Eastern conflicts on traditional financial (tradefi) assets and the cryptocurrency market. According to QCP's researchers, the market response has been muted in tradefi, but risk assets and digital currencies like bitcoin (BTC) faced more substantial losses.

Bitcoin (BTC) continues its journey through a fluctuating market, recent indicators suggest it may be time for investors to consider buying. The Bitcoin Rainbow Chart, a visual tool that evaluates BTC's value based on historical prices, has recently flashed a ‘BUY' signal.

Following Bitcoin's (BTC) crash in the wake of growing conflict between Israel and Iran, questions have emerged regarding the asset's ability to emulate gold and serve as a hedge in an environment dominated by geopolitical disputes.

In light of the current spike in gold prices, there is a debate as to whether Bitcoin is a dependable store of value. The chart illustrates how Bitcoin's price has decreased, while gold has seen a huge pump recently.

Charles Edwards, founder of Capriole Investments, sees a bullish outlook for Bitcoin (CRYPTO: BTC) driven by improving macro conditions and the impact of spot ETFs. What Happened: In an interview on the Blockworks Macro podcast, Edwards highlighted that the market is at "the exact opposite point" of November 2021, when the Fed began aggressive rate hikes.

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P2P.org, a staking services firm and validator for Ethereum, has unveiled the launch of Babylon Staking API for Bitcoin staking. The Babylon staking API allows exchanges, custodians, and wallet users to securely earn rewards on their Bitcoin holdings.

The Bitcoin price took a sharp dip to $60,164 on Tuesday following heightened geopolitical tensions in the Middle East, with Iran launching missile attacks on Israel. The escalation rattled global markets, impacting both traditional and crypto assets.