Bitcoin (BTC) has been showing remarkable resilience in recent days after a sharp drop triggered by geopolitical tensions between Israel and Iran. Currently trading around $62,000, Bitcoin appears to have formed a local bottom, which could set the stage for a potential upward trend.
Chris Woods, the chief strategist at investment banking firm Jefferies, has disclosed that the firm keeps 5% of its allocation in Bitcoin through exposure to VanEck spot Bitcoin exchange-traded fund (ETF) HODL.
The U.S. government now appears free to sell 69,370 Bitcoin that it seized from a Silk Road-affiliated wallet.
Inflows into multi-asset products reached $29 million, marking the 16th week in a row of continued gains.
During mid-cycle breaks, memecoins often outperform Bitcoin in daily gains, raising the odds of a potential takeover.
NEAR, UNI and APT led crypto gains, while bitcoin (BTC) faded after pushing through $64,000 earlier in the day.
The International Monetary Fund (IMF) has recently called on El Salvador to take decisive action regarding its bitcoin legislation, urging the government to tighten regulations and enhance oversight of the cryptocurrency. This advisory is part of ongoing dialogues surrounding the nation's economic reform efforts, which are critical for safeguarding its financial stability in a rapidly evolving economic landscape.
Bitcoin is a deflationary asset with a fixed supply, unlike Ethereum, whose supply increases or decreases yearly depending on network use. There will be only 21 million BTC in circulation, and a decent portion, exceeding 4 million, is irrecoverable.
A widely followed crypto trader is predicting that two altcoins will rally to fresh all-time highs while updating his outlook on Bitcoin (BTC) and cross-chain protocol Wormhole (W).
The Bitcoin investment fund is designed for institutional investors and will offer exposure to BTC gains capped at a predefined threshold, with 100% loss protection on the downside.
Cryptocurrency markets are trading relatively flat but clinging to the green zone. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $63,031 +0.5% Ethereum (CRYPTO: ETH) $2,432 -0.7% Solana (CRYPTO: SOL) $145.8 -0.02% Dogecoin (CRYPTO: DOGE) $0.11 -1.2% Shiba Inu (CRYPTO: SHIB) $0.00001778 -2.5% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 36% and daily active addresses inching higher by 0.3%.
Recently, the legendary venture capitalist Tim Draper shared his thoughts on the changing world of crypto. Asserting that “Bitcoin is here to stay,” he criticized the SEC for clinging to outdated regulations that hinder crypto innovation.
Several altcoins, including Dogwifhat, Worldcoin, and Zcash, posted gains, as Bitcoin eyes the critical resistance near $64K.
Ward Roddam, the Mayor of Rockdale, Texas, has highlighted Bitcoin's crucial role in revitalizing the town's economy. In an Oct. 7 op-ed, Roddam explained that the world is nearing a new economic era driven by what he calls the “digital energy boom,” largely fueled by Bitcoin.
JPMorgan analysts identified several key catalysts that could shape the cryptocurrency market in the coming months, highlighting a mix of seasonal trends, macroeconomic factors and technological developments. What Happened: The analysts pointed to the historical “Uptober” trend, noting that over 70% of Octobers yielded positive returns for Bitcoin (CRYPTO: BTC), The Block reported on Monday.
Bitcoin miners were left to assess their performance amid the ever-changing landscape of the cryptocurrency market. Reports show that while some companies expanded their operations and improved efficiency, others struggled to keep pace with rising challenges.
The International Monetary Fund (IMF) has advised El Salvador to reform the country's rules on Bitcoin (BTC) as an official currency. During a press briefing, IMF spokesperson Julie Kozack says the agency is in ongoing engagement with El Salvador on policies that can boost productivity and economic governance.
There have been several bullish Bitcoin news these past few days. However, a recent Supreme Court ruling could dampen the mood as the US government has gotten the clear to proceed with selling 69,370 BTC associated with the Silk Road marketplace.
Trump would allow a friendly regulatory environment for Bitcoiners to thrive in.
Bitcoin (BTC) continued to show strength this week, following a robust start to the week that saw its market value climb to a high of $63,700 on Monday. Interestingly, this growth comes despite major exchanges such as Binance and BitMEX seeing heavy shorting of Bitcoin since Saturday.
Bitcoin price opened the week with a bang as altcoins and stocks turned green, but $65,000 to $66,500 remains a tall hurdle for BTC to overcome.
The forecasted $65+/-1 and $61+/-1K high and low, respectively, were reached. This means BTC must hold above the September 6 low and break above the September 27 high to target $74-76K.
Bitcoin's hashrate has been climbing steadily, closing in on its peak of 693 exahash per second (EH/s) recorded on Sept. 8. At present, it's cruising just shy of that record, clocking in at 680 EH/s. Block times have been quicker than the typical ten-minute average, and as we approach Oct.
Bitcoin (BTC) kicked off October on a rather subdued note, surging approximately 2% on Monday to $63,718. Despite this decline, the cryptocurrency has demonstrated solid performance over the past month, recording a growth of around 10%.
Rising volumes and price gains suggest traders could be buying into several narratives that could drive prices.
Despite Bitcoin's (BTC) price increase in the last 24 hours, key market indicators are flashing caution, suggesting that the coin may face significant hurdles in reaching the $70,000 mark. This development is contrary to the expectations investors have about the coin this month.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
Fold, a Bitcoin financial services company, has filed an S-4 with the SEC as it prepares to go public as it currently holds over 1,000 Bitcoins in its corporate treasury. The company operates a cashback debit card and allows users to purchase or sell Bitcoin directly via their accounts, making it a minor rival to
10x Research CEO Markus Thielen reinforced anticipations for an “Uptober” on October 6, dismissing fears surrounding geopolitical tensions as “unlikely” to derail Bitcoin's recent momentum.
Bitcoin's rally above $64,000 reinforced a recently established trend change and “locked in” a bullish pattern of higher price lows.
On Monday, Oct. 7, bitcoin (BTC) reached an intraday peak of $64,444, giving traders plenty to buzz about. By the end of Monday's trading sessions, BTC had gained 2% against the U.S. dollar. The global crypto trading scene saw an impressive $92.617 billion in volume, with bitcoin grabbing a $29.85 billion slice of that pie.
Metaplanet, a Japanese public firm that's following MicroStrategy's Bitcoin reserve playbook, announced that it has purchased even more BTC.
The Wall Street Cheat Sheet has been around for years now and is often passed around in finance circles, so Bitcoin has not been left out. The cheat sheet shows different stages of each market cycle, using sentiment to track where in the cycle a particular asset is.
ZachXBT's crypto investigations helped recover $275,000 in Bitcoin stolen from an elderly U.S. user in an apparent social engineering scam. According to the blockchain sleuth, Indian impersonators stole around 15 Bitcoin (BTC) from a Coinbase user back in April.
As the cryptocurrency market enters a new week, several digital currencies are experiencing notable gains, fueled by Bitcoin's robust performance. Bitcoin, the leading asset, is seeing impressive traction alongside emerging meme coins like Hamster Kombat and POPCAT. The overall landscape is vibrant, attracting keen interest from investors and traders alike.
Bitcoin has been gaining during the past 24 hours, starting with Asia's market opening, with it briefly crossing $64,000 for a 2% rise.
Riot Platforms Inc (NASDAQ:RIOT) CEO Jason Les expressed the company's interest in artificial intelligence opportunities, contingent on the emergence of a favorable deal. What Happened: In a recent interview with Bernstein analysts, Les highlighted Core Scientific's (NASDAQ:CORZ) collaboration with AI Hyperscaler CoreWeave as a potential model for such ventures, The Block reported.
Cryptocurrency research firm QCP Capital has issued its latest market insights, addressing significant trends impacting Bitcoin as the new quarter begins.
Since the price of Bitcoin (BTC) soared to an all-time high (ATH) of $73,750 in March, it has not traded close to this level again. This is despite the Bitcoin halving event on April 20, which further deflated the emissions rate of the digital currency.
TL;DR Strategic Collaboration: 21.co and Crypto.com partner to enhance liquidity and custody solutions for 21BTC. Access to Liquidity: 21BTC will take advantage of Crypto.com's deep liquidity and competitive fees. Future Innovations: Both companies plan to expand their collaboration with new announcements in the future. The recent partnership between 21.co and Crypto.
Tokyo-listed investment adviser Metaplanet has made another bold move in the cryptocurrency market, significantly increasing its bitcoin holdings with a fresh investment of 1 billion yen ($6.7 million). This latest acquisition brings the company's total bitcoin reserves to 639.5 BTC, valued at approximately $40.6 million.
Bitcoin has now been in a bull market for 686 days, ever since it bottomed out below $15,500 in November 2022 amid the FTX fiasco.
Despite cryptocurrency investors' high hopes in the weeks leading up to October, the start of the month – historically notable for the strong performance of digital assets – Bitcoin (BTC) has been trading lower at the beginning of the month.
Bitcoin price rose for two consecutive days on Monday, Oct. 7, as traders embraced a risk-on sentiment. Bitcoin (BTC) rose to an intraday high of $64,000, a 6.62% increase from last week's lowest point.
Arrington Capital-backed RedStone has launched Bitcoin staking oracles on Monday to enhance DeFi protocols on platforms like Ethereum, Avalanche, and Polygon.
Explore how Bitcoin (BTC) is transforming global fundraising efforts through platforms like Geyser Fund, BTCPay Server, and Kuno, enabling secure, anonymous, and censorship-free donations.
The National Bank of Bahrain launched the GCC's first Bitcoin-linked structured investment, developed with ARP Digital.