Do you know how crucial is October for Bitcoin? Let's rewind 16 years.
Electric vehicle giant Tesla likely still holds $772.5 million in Bitcoin (BTC), according to the crypto deanonymizing platform Arkham. Last week, Arkham flagged a series of on-chain transactions indicating Tesla had moved its trove of 11,509 BTC for the first time in two years.
The Pennsylvania House of Representatives has made a significant move in the cryptocurrency regulation landscape in the US by passing the ‘Bitcoin Rights' bill with “overwhelming” bipartisan support.
Tesla ranks fourth in Bitcoin holdings among publicly traded companies.
Although Bitcoin (BTC)'s price has plunged recently, analysts at brokerage firm Bernstein still believe the world's oldest and largest cryptocurrency has more gas left in the tank. They anticipate BTC hitting $200,000 over the next year or more.
Analysts at Hashkey Capital say altseason could find firmer footing once Bitcoin trades above $80,000.
The holdings of the U.S. spot bitcoin exchange-traded funds are about to cross over one million tokens after only ten months of trading.
Saylor had previously argued that large, regulated institutions reduce the risk of Bitcoin asset seizure, unlike unregulated crypto-anarchists rejecting government oversight.
MicroStrategy's share price topped $230 on Thursday, marking a nearly 25-year-high and a peak since its Bitcoin strategy started in 2020.
A widely followed crypto analyst believes that Bitcoin (BTC) is on the verge of a breakout despite dipping into the $65,000 range on Wednesday.
BTC options traders were pricing higher chances of $80K target post US elections.
Large surges in spot Bitcoin ETF inflows have historically been “followed by bearish price movements,” leading one analyst to warn that a price decline could follow.
TL;DR Cardano integrates with BitcoinOS (BOS), allowing access to over $1.3 trillion in Bitcoin liquidity for its DeFi ecosystem. The collaboration offers ADA users access to Bitcoin assets without intermediaries, using zero-knowledge (ZK) technology to ensure security. The Grail bridge, part of this integration, facilitates reliable Bitcoin transactions on the ADA blockchain.
Pennsylvania House passes Bitcoin Rights Bill with bipartisan support, setting guidelines for digital asset regulation. The post Pennsylvania House passes Bitcoin Rights Bill ahead of 2024 election appeared first on Crypto Briefing.
Members of the BRICS alliance have agreed to close the membership to the block for 2024. The news came amid the ongoing BRICS Summit ongoing in Kazan, Russia.
Institutional investment in Bitcoin is here and it is just getting started.
Standard Chartered has predicted that Bitcoin (CRYPTO: BTC) will hit $73,000 by the time of the U.S. presidential election on Nov. 5, with the cryptocurrency expected to surge beyond $80,000 shortly after if former President Donald Trump wins. What Happened: The bank's analysis, based on current options data and betting odds, suggests that Trump's growing lead in key polls is boosting investor confidence in the cryptocurrency market.
The Pennsylvania House of Representatives passed a bipartisan bill on Wednesday aimed at providing regulatory clarity for digital assets, marking a significant development in state-level efforts to address crypto regulation.
The countdown to the November 5, 2024, U.S. presidential election continues, the cryptocurrency market, particularly Bitcoin (BTC), is experiencing a surge in interest. With more than 50 million American voters involved in the crypto space, the election is shaping up to be a pivotal moment for both politics and digital assets.
The Cardano network has joined the Bitcoin ecosystem following the “groundbreaking” integration of the former as a BitcoinOS Grail bridge. This move is significant as it will help scale the largest blockchain by market cap and unleash “decentralized programmability” on the network.
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.
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.
There have been talks of expansion within the Cardano blockchain for several months. In line with the community's expectations, EMURGO, the commercial arm of Input Output Global, has partnered with BitcoinOS to launch a bridge for the layer-1 network.
It's more difficult than ever to mine Bitcoin, yet individual miners occasionally persevere—and claim an enormous reward.
Cardano, one of the leading blockchain platforms, is poised to unlock over $1.3 trillion worth of bitcoin liquidity through a strategic integration with BitcoinOS (BOS), a bitcoin smart contract platform, through a partnership between EMURGO and BitcoinOS.
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.
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.
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.
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.
Historically, only crypto-native companies held bitcoin on their balance sheets. However, a significant structural shift has occurred over the past four years.
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.
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.
STOKR, a digital asset marketplace based in Europe, has successfully raised $7.98 million in a recent funding round.
India is considering banning cryptocurrencies such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) in favor of its own central bank digital currency (CBDC), with key regulatory institutions advocating for the move. This comes as the government is preparing a discussion paper on the future of crypto regulation in the country.
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.