Bitcoin (CRYPTO: BTC) mining stocks are a mixed bag right now. With soaring hashrates and dwindling returns, the industry is feeling the squeeze.

A prominent crypto trader predicts Bitcoin (CRYPTO: BTC) to reach $586,500 by 2028, based on a variety of economic factors and market trends. What Happened: Trader Doctor Profit took to his social media account to outline his thesis based on factors such as the M2 money supply, the amount of new liquidity, the current movement of gold and the estimated number of lost bitcoin.

Bitcoin researcher Smithson With has presented a new approach to predicting the crypto's cycle top price using a quantile regression model.

Bitcoin (BTC) has recently seen a decline, dropping below the $65,000 mark after a strong bullish run. As market dynamics shift, many are speculating whether “smart money” investors are behind this latest downturn.

On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) attracted another round of inflows, netting $61.3 million. Meanwhile, the spot ethereum ETFs took a hit, with the nine funds collectively pulling out $822,290 during the trading session. Bitcoin ETFs Pull in Millions, Ethereum Funds Post Losses The spotlight was on bitcoin ETFs, which gathered $61.

Bitcoin ETFs in the US continued their strong performance for the eighth straight day with $61.3 million in net inflows on Monday.

The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 1 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin (BTC) price closed September at $63,333, its best monthly performance during what the market calls the “September Effect.” Despite the overall positive performance from day one to September 30, the last day experienced a crash and long liquidations.

BlackRock's Larry Fink has warned he thinks the market needs to temper its expectations of Fed interest rate cuts—while analysts think China's central bank will create "fireworks" with a "tsunami of liquidity"

BlackRock‘s recently launched Ethereum ETF (NASDAQ:ETHA) is seeing significantly lower volume and inflows compared to its Bitcoin counterpart. The company's head of digital assets, Robert Mitchnick, doesn't anticipate that gap closing anytime soon.

MicroStrategy (MSTR) is nearing the point of eclipsing Grayscale as one of the largest institutional holders of Bitcoin (BTC).

Bitcoin has been on the rise, but it's still about 13% below its all-time high of $73K. As October begins, often dubbed “Uptober” due to its historically positive price action, three factors could be critical in pushing BTC to a new price record.

According to on-chain data, an ancient Bitcoin whale has reawakened after more than a decade of dormancy.Blockchain data tracker Whale Alert reported that "a dormant address containing 41 BTC worth $2,611,481 has just been activated after 10.7 years."

In an analysis shared on X, Kelly Greer, Vice President of Trading at Galaxy Digital, presents a compelling argument for why the Bitcoin price could surge to as high as $118,000 by the end of the year. Greer's insights are grounded in a combination of historical performance data, current market dynamics, and broader macroeconomic factors, all of which she believes are aligning to create a highly favorable environment for Bitcoin.

Japan's Metaplanet increases Bitcoin holdings to $32 million with latest purchase, signaling growing institutional interest.

Daily block reward gross profit fell to the lowest "on recent record" last month, the report said.

Recent shifts in global macroeconomic dynamics suggest that the downturn in global growth may be coming to an end, according to a report. What Happened: The report from from 10x Research states that the declining U.S. dollar, alongside actions by major central banks like the Bank of Japan and the People's Bank of China, signals a potential reversal in the economic slowdown that has characterized much of 2022 and 2023.

The latest purchase pushes Metaplanet's cumulative Bitcoin investment to 4.75 billion yen, driving a 2% stock surge.

Bitcoin mining company, New Rays, is taking legal action against an Arkansas County judge and a prosecuting attorney, alleging that they have selectively enforced noise regulations to target the firm's operations. This lawsuit, filed on September 26 in an Arkansas district court, raises significant questions about the treatment of cryptocurrency businesses and the legal frameworks surrounding them.

Data from crypto exchanges OKX and Binance, popular among retail market participants, show minimal activity compared to bull markets in 2021 and 2022, and even lesser than the bear market of 2019 to 2020.

Robinhood has launched crypto transfer services in Europe, enabling customers to move cryptocurrencies in and out of its app. This move highlights the American financial services company's dedication to expanding its product offerings and strengthening its global presence in the crypto market.

A Bitcoin researcher sees a quasi-exponential decay trend that could see BTC price going as high as $300,000 in 2025.

The $100,000 call is the most popular bitcoin option on Deribit.

Japan's Metaplanet, the budget hotel operator turned investment firm, has added $6.94 million worth of Bitcoin to its growing holdings. According to its Oct. 1 disclosure, Metaplanet has purchased an additional 107.

Bitcoin's recent price action has sparked discussions about the possibility of breaking its all-time high of $73,780. The formation of a bullish double-bottom pattern suggests that a rise beyond this level is achievable.

Bitcoin's historical October gains could drive significant market optimism, potentially leading to new all-time highs and increased institutional interest. The post Bitcoin kicks off ‘Uptober' eyeing 22.9% historical gains appeared first on Crypto Briefing.

The recent intervention by the President of the Fed USA, Jerome Powell, has put a brake on the bull run of Bitcoin's price.

Bitcoin (BTC) sank further, dropping below $64,000 following a drop of 1.22% over the past 24 hours. The drop comes despite positive sentiments around the world's largest cryptocurrency and an increase in spot Bitcoin ETF inflows.

"The U.S. unemployment rate will be a crucial market-moving event," one analyst said.

U.S. spot Bitcoin ETFs witnessed daily total net inflows worth $61.30 million on September 30. The inflows marked an eight-day positive streak that started on September 19.

Japanese investment firm Metaplanet continues its Bitcoin accumulation strategy with a ¥1 billion purchase, bringing its total holdings to 506 BTC valued at $32 million.

Proton Management disputes Swan Bitcoin's ownership claims of a mining business, asserting it's actually part of 2040 Energy, a separate entity funded by Tether in which Swan only holds a minority stake.

Bitcoin holds crucial support, showing resilience amidst mixed market sentiments. Retail interest in Bitcoin is rising, indicating potential future price surges.

Robinhood Markets Inc.'s (NASDAQ:HOOD) cryptocurrency division launched crypto transfers for its European customers on Tuesday. This new feature allows users to deposit and withdraw over 20 different cryptocurrencies.

Metaplanet advances Bitcoin accumulation strategy with an additional multimillion-dollar acquisition, pushing its holdings to $32 million.

The firm now holds over 500 bitcoin after a first tranche of purchases in April.

Bitcoin (BTC) fell out of its ascending channel on Monday as it followed its latest correction. However, this dip could be over as the $BTC price begins to rise again.

Two meme coins are today's top performers.

Michael Dell cryptic tweet “Scarcity creates value,” a phrase associated with Bitcoin, has made many believe that the Dell founder would be investing in Bitcoin at one point.

The October crypto bullish narrative could help Bitcoin price regain a crucial macro rising trend and potentially reach a new all-time high.

The crypto market is full of opportunities but has also proposed heavy challenges, especially with market volatility, changing trends, and many others. It makes crypto trading a challenging experience but also intriguing for experienced investors.

Bitcoin rebounds to $64,000 after strong September performance, with analysts predicting further gains in the coming months due to post-halving effects and potential macroeconomic tailwinds.

Bitcoin closes a historic September despite a recent decline. Analysts are scanning the horizon, pointing to the U.S. elections as a potential catalyst for the market.

Bitcoin ETFs saw strong inflows of $494.4 million on Friday followed by more modest $61.3 million on Monday, while Ethereum ETFs experienced mixed flows with initial inflows followed by minor outflows at month's end.

On-chain data shows the Bitcoin Mining Hashrate has remained at its recent lows, indicating that miners may not be confident about the coin's rally.

Crypto analyst Wisdom Matic has shared realistic price targets for Bitcoin (BTC), Dogwifhat (WIF), and Fantom (FTM). The analyst suggested that these coins would reach these price levels in this bull run, although he didn't state when exactly it would happen.

Metaplanet's strategy has been largely compared to that of the US-based MicroStrategy.