Cardano is set to unlock further liquidity for its decentralized finance ecosystem through a major integration with BitcoinOS, the smart contract layer on Bitcoin. According to an announcement on Oct. 24, Cardano (ADA) will tap into the $1.
Retail bitcoin investors are slowly making a comeback, though their demand growth continues at a sluggish pace compared to historical standards. Data from Cryptoquant reveals that small-scale investors are still trailing behind their larger counterparts as 2024 unfolds.
Despite this week's Bitcoin price drop, whales continued to add to their balance and the current v-shaped BTC recovery could be a sign that new highs are coming.
The Bitcoin (CRYPTO: BTC) market has seen a notable uptick in futures trading, with open interest reaching an all-time high (ATH) of $32.9 billion, signaling increasing leverage and institutional participation. What Happened: Glassnode's weekly report highlights that a significant portion of this surge is being driven by a cash-and-carry strategy, where traders capture yield by holding spot positions while shorting futures contracts.
This surge in institutional interest is propelling Bitcoin's price back to an upward trajectory, with BlackRock's IBIT ETF leading the charge, recording an impressive
Bitcoin (BTC) has recovered after facing significant selling pressure. On the 23rd, it dropped to a day low of $65,198 before recovering and pushing back above $67,000.
It's more difficult than ever to mine Bitcoin, yet individual miners occasionally persevere—and claim an enormous reward.
The cryptocurrency market's recent dominance by Bitcoin has decreased below 50%, indicating a potential adverse trend as retail activity increases. This change prompts inquiries regarding market dynamics and investor sentiment.
Ethereum may drop further, but long-term prospects remain bullish for recovery.
Standard Chartered analyst Geoff Kendrick expects bitcoin to test its all-time high on the day of the U.S. presidential election.
Bitcoin is showing bullish momentum with higher highs and lows forming since August, pointing to a possible short-term rally.
Cartwright, a British pension actuarial, consultancy and administration firm, is launching what is described as the first ever defined benefit (DB) portfolio allocation to bitcoin.
Crypto exchange Kraken announced the upcoming launch of Ink, an Ethereum layer-2 network based on the Optimism Superchain, in an Oct. 24 statement. Ink aims to empower users to trade, borrow, and lend tokens without the need for intermediaries, marking a significant shift from Kraken's current centralized exchange model.
BOB, a project built on Bitcoin, is s making headlines with its bold plan to make Bitcoin the leader in decentralized finance (DeFi). By introducing a unique bridge to Ethereum, BOB is set to use Bitcoin's unmatched security and liquidity to challenge platforms like Ethereum and Solana, aiming to take over the DeFi space.
Bitwise's head of alpha strategies, Jeff Park, projects that a Trump win in the 2024 U.S. election could push BTC prices toward the $92,000 mark. Park isn't alone in this prediction; a number of analysts and financial institutions are entertaining similar thoughts.
The fact that Bitcoin ETFs are expected to surpass one million BTC in holdings is a noteworthy milestone that highlights the widespread institutional adoption of the digital asset. Currently, the total ETF holdings represent 97% of the way to holding one million BTC, with BlackRock's spot Bitcoin ETF leading the pack with nearly 400,000 BTC.
The project promises to revolutionize leverage trading and swaps on the network.
Cardano price could break free from its extended consolidation after Cardano Founder Charles Hoskinson said ADA would be ‘bigger then BTC' in the recently concluded summit in Argentina. This statement has fueled speculation and enthusiasm among investors who wonder if Cardano could reach new all-time highs.
Bitcoin's Open Interest surged past $40 billion on Oct. 21, hitting $40.5 billion, according to CoinGlass, a pivotal moment in the crypto market. Open Interest, which tracks the total value of all active futures contracts, is a crucial sign of increased leverage and market buzz.
Ki Young Ju, CEO of CryptoQuant, suggests that Bitcoin (CRYPTO: BTC) is on track to become a widely used currency by 2030, largely driven by the mass adoption of stablecoins. What Happened: Ju pointed out in a post on X on Thursday that Bitcoin's mining difficulty—a measure of competition—has surged by 378% over the past three years.
According to the market intelligence platform IntoTheBlock, Bitcoin (BTC), Dogecoin (DOGE), Shiba Inu (SHIB), and Ethereum (ETH) have emerged as the coins with the longest holding period. This is significant because it indicates that crypto investors have the most faith in these coins.
Vitalik Buterin, co-founder of Ethereum, recently surprised the crypto community with a major announcement: a fourfold reduction in gas fees on the Ethereum network. This initiative aims to make transactions more cost-effective and improve the efficiency of the network, marking a crucial step for the Ethereum ecosystem.
Historically, only crypto-native companies held bitcoin on their balance sheets. However, a significant structural shift has occurred over the past four years.
Vitalik Buterin claims Ethereum's next upgrade could allow node operation on low end devices.
Built using the OP Stack, Kraken's Ink follows the lead of rival crypto exchange Coinbase's launch of Base in 2023.
While countries like the U.S. and Hong Kong have been embracing cryptocurrency exchange-traded funds (ETFs), Japan is taking a more conservative approach. Despite its reputation as a tech-savvy nation and a leader in cryptocurrency regulation, Japan remains hesitant about approving spot Bitcoin ETFs.
TL;DR The amount of staked Ether has reached a new high, surpassing 34 million. Excessive staking of Ether could lead to problems on the Ethereum network, such as failed transactions. Experts suggest that the ideal of Ether staking has been surpassed, which could affect the security and functionality of the ecosystem.
Whether or not Bitcoin will become a stable currency in the future remains entirely dependent on its price.
The price of major cryptocurrency Bitcoin (BTC) could soon reach six figures if this pattern plays out as expected. The vision of crypto investor and analyst, known in the community by the nickname Eljaboom, suggests such a possible development.
Binance has BNB Chain, Coinbase has Base, OKX has the X Layer and now Kraken has Ink.
STOKR, a digital asset marketplace based in Europe, has successfully raised $7.98 million in a recent funding round.
Bitcoin has rebounded strongly from the $65,000 mark after a 6% dip from Monday's high of around $69,500. Despite the recent pullback, BTC remains in a bullish trend that has been in place since early September.
Kraken's Ethereum layer-2 network Ink is built on Optimism's OP Stack, the same tech that powers Base, Unichain, and World Chain.
Botanix Labs is building Spiderchain to be compatible with EVM layers, allowing ny application or smart contract on an Ethereum layer to be effectively copied and pasted onto Bitcoin.
All eyes were on the US jobless claims on Thursday to see if there are any signs of weakness starting to creep into the job market.
Ethereum (ETH) price today today trades at after hitting a daily high of on . ETH price is up % as of.
"If Bitcoin breaks, then so does our industry as a whole, so we might as well use Bitcoin security for cross-chain DeFi," BOB co-founder Alexei Zamyatin, told CoinDesk.
BlackRock's iShares Bitcoin Trust ETF is drawing significant inflows, outpacing its Bitcoin counterparts.
Researchers at the Federal Reserve Bank of Minneapolis suggest that a government can maintain a "permanent primary deficit" by imposing a ban or tax on Bitcoin (BTC).
Chainlink, a blockchain oracle provider, has announced its first expansion into Bitcoin's decentralized finance (DeFi) ecosystem. It has collaborated with Botanix Labs to integrate Chainlink's Cross-Chain Interoperability Protocol (CCIP) into the Spiderchain network.
Popular blockchain sleuth Whale Alert, which tracks down large cryptocurrency transactions and old wallets reemerging on the blockchain, has published the details of an ancient wallet that was last used almost 14 years ago – when mysterious Bitcoin creator Satoshi Nakamoto was still an active participant of the BitcoinTalk forum.
Ethereum's gas fees have been a headache for a long time, especially during high traffic. Now, Vitalik Buterin, Eth's co-founder, is suggesting a fix to make transactions faster and cheaper.
Ethereum (ETH) has recently faced a notable price slump, prompting discussions about whether this downturn is a temporary setback or indicative of more significant challenges ahead. Over the past 24 hours, ETH has experienced a 2.70% decline, entering what traders refer to as a “retracement.
Bitcoin (BTC) is on the rise again, recently bouncing back to $67,661 after dipping to $65,000. This upward trend brings it closer to its all-time high, sparking excitement among traders and analysts. Despite hitting a resistance level, the cryptocurrency's recent dip is seen by some as a healthy correction rather than a reason to panic.
Bitcoin sails higher on US jobless claims, with the BTC price dip to $65,000 swiftly being left behind.
Bitcoin's (CRYPTO: BTC) potential to reach new all-time highs could be linked to the movements of gold, according to experts, who draw parallels between the two assets based on historical trends. What Happened: As gold continues its upward trajectory, some analysts are looking to the yellow metal's performance as a potential indicator of when Bitcoin might experience its next major breakout, according to a Coindesk report.
ETHcoin was promoted by Machi Big Brother just minutes after its launch. He is also among the biggest miners, taking 20% of block rewards, despite claiming no insider knowledge.