As Bitcoin strengthens its position as the undisputed leader, Ethereum seems to be wavering. Crypto analyst Benjamin Cowen, followed by hundreds of thousands of investors, predicts a major turning point in the relationship between these two market giants.
Bitcoin (BTC), the largest cryptocurrency by market capitalization, has led the market recovery with its surge to the $63,000 mark. Following the recent developments, the flagship cryptocurrency's performance has seen an 8% weekly surge, driving BTC to one of its best September performances since its creation.
The Cathie Wood-led firm has sold a total of $17.5 million of the spot Bitcoin ETF from its ARKW fund but still holds $139.7 million of ARKB.
While excitement online for the approval was palpable, there's debate around just how bullish Bitcoin options could be.
Bitcoin recorded a mild price dip of 1.01% in the last 24 hours and slid back to $63,000. The cryptocurrency's daily trading volume increased by 3.11% as per CMC data.
Core has emerged as the largest Bitcoin sidechain as its total value locked surpasses the $400 million mark.
STX and ICP are the other notable gainers within the past day.
Alongside on-chain data, historical cycle patterns also suggest Bitcoin may be on the verge of a breakout.
With the market recovery in 2024, the number of newly minted Bitcoin millionaires have been on the rise. Given that the BTC price actually touched a new all-time high this year, the number of Bitcoin wallet holding balances of at least $1 million have skyrocket.
Bitcoin has made headlines once again, reaching a one-month high of $65,661, following the Federal Reserve's recent decision to cut interest rates. This surge has reignited excitement in the cryptocurrency market, as investors closely monitor potential shifts in financial policy and their impacts on global currencies.
Bitcoin bulls and bears are lining up an epic tug of war based on order book liquidity — who will gain control of the BTC price trend?
While debate around the U.S. government's Bitcoin (CRYPTO: BTC) holdings continues and El Salvador's pioneering embrace hogs headlines, a small Himalayan nation nestled between India and China was quietly adding the top cryptocurrency to its reserves. What happened: According to a report by Firstpost America, the landlocked South Asian held about 13,011 Bitcoin in its coffers, worth $821 million as of this writing.
Here's why BTC could enter a bull run mode in the following days.
On September 23, in a new episode of the YouTube series “Crypto Tips”, co-host Toby discussed what he considers to be the “real threat to Bitcoin”—and it's not what many might expect.
Now that the Fed has cut rates, many wonder if money printing is about to ignite a crypto boom. To shed light on this, well-known analyst CrediBULL Crypto shares surprising price predictions for BTC, ETH, SOL, and XRP in a recent YouTube video on the Thinking Crypto channel.
Spot Bitcoin exchange-traded funds in the U.S. experienced a significant drop in net inflows on Sept. 23, while spot Ether ETFs ended their two-day inflow streak.
Cryptocurrency staking has seen substantial growth in 2024, driven by two innovations: the rise of restaking and the entry of Bitcoin into the staking ecosystem. These shifts are providing new opportunities for both retail and institutional investors, offering higher returns and increased security across multiple networks. This article explores these trends.
In a recent post on X (formerly Twitter), Kiyosaki highlighted his optimism regarding Bitcoin's future, attributing part of his outlook to insights from Jim Rickards' upcoming book, “Money GPT.” Kiyosaki urged his followers to pre-order the book, emphasizing its relevance to understanding the evolving financial landscape, especially concerning the impact of Artificial Intelligence (AI).
While AI has been the dearest friend of Wall Street for at least the last couple years, a old “friend” seems to be emerging: Bitcoin.
Bitwise executive Jeff Park thinks “things will likely get wild” now that the U.S. Securities and Exchange Commission (SEC) has approved options on BlackRock's Bitcoin (BTC) exchange-traded fund (ETF). Last week, the SEC greenlit accelerated approval for the listing and trading of options on the iShares Bitcoin Trust (IBIT), BlackRock's ETF.
The Bitcoin dominance chart has formed a rising wedge pattern and could have topped out under the resistance at 60%.
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Bitcoin is currently approaching an important area of resistance. While the price has been showing a short-term upward trend, this move is still within the larger bearish trend. According to analyst Josh of Crypto World, for Bitcoin to transition into a long-term bullish trend, it needs to break above the $68,000 resistance level.
Bitcoin exchange-traded funds (ETFs) have attracted a substantial inflow of $92 million over the past week, indicating a robust interest from institutional investors. This surge in investment comes despite a lack of significant movement in Ethereum ETFs, which saw only minor inflows during the same period.
Recent data reveals a surprising trend in the Bitcoin mining sector: Chinese miners continue to control the lion's share of the world's hash rate of the BTC network despite the country banning the practice in 2021.
As Bitcoin failed to break the $64,000 resistance, it continued to fall. In the hourly chart it has fallen under the moving average 20, 50 and 100. This suggests a consolidation zone might form around this area. Let's analyze what has changed in the market and how it can affect the movement of Bitcoin.
Chinese Bitcoin miners continue to dominate despite a cryptocurrency ban in China.
Bitcoin's price has been recovering over the past few weeks, climbing from $52,500 and reclaiming key levels at $57K and $60K. However, the market faces strong resistance at the $64K level, with the 200-day moving average acting as a barrier.
Data shows the Bitcoin Open Interest has been heading up again recently, a sign that volatility could be coming for the asset's price. Bitcoin Binance Open Interest Has Registered A Notable Increase Recently As explained by an analyst in a CryptoQuant Quicktake post, the BTC Open Interest on Binance has risen to $28.3 billion recently.
Noted economist Peter Schiff criticized investors for disregarding gold's record highs due to the Bitcoin (CRYPTO: BTC) frenzy. What Happened: Schiff took to X to point out that gold had reached another record high but the significance of this rise was being overlooked due to the overwhelming focus on Bitcoin.
Bitcoin (BTC) extended its bullish rally, surpassing the $63,000 mark as the global crypto market cap reached $2.24 trillion, reflecting a nearly 1.50% gain in the last 24 hours. This bullish rally was driven by the Federal Reserve's recent rate cut.
Bitcoin is capturing attention once again. Recent analyses suggest that now might be a prime opportunity for investors to purchase Bitcoin at a “discount.
Recent data from CryptoQuant has revealed that Bitcoin may be on the cusp of a significant recovery, supported by key on-chain metrics. Particularly, according to a CryptoQuant analyst under the pseudonym Darkfost, several indicators are reaching crucial support levels, signaling a “potential long-term bullish shift.
The crypto prices today have sparked considerable investor speculations across the globe. Bitcoin & major altcoins illustrated waning price actions, whereas Celestia (TIA) emerged as the day's top gainers.
Bitcoin is on the edge of a major move as it tests a key level for the third time since August. According to well-known crypto chart analyst Ali Martinez, this level could signal a significant move for Bitcoin, potentially leading to a bullish breakout.
Cryptocurrency Price Today: The global cryptocurrency market has traded sideways in the past 24 hours, sinking 1.6% in valuation, leading the market cap to $2.22 trillion. With the Fear & Greed Index maintaining steady at 51 (neutral), the market sentiment remains alert as traders await more strong market movements.
People's Bank of China governor Pan Gongsheng announced a cut to the amount of money banks must hold in reserve, taking it to the lowest level since 2020.
Peter Schiff has declared Bitcoin as “the best thing to happen to the Fed.” This statement comes amidst ongoing discussions about the impact of cryptocurrencies on traditional financial systems and the role they play in the current economic landscape.
Despite a general ban on cryptocurrencies imposed in 2021, China maintains its grip on the Bitcoin mining industry. A recent analysis reveals that the country still controls 55% of the global hash rate, even outpacing the United States.
BlackRock Bitcoin ETF is under scrutiny, with claims circulating that the firm pressured Coinbase to ensure Bitcoin holdings are fully on-chain, avoiding “paper BTC.”
Bitcoin declines as BlackRock's new BTC withdrawal policy fuels ETF market debate. US economic data and SEC scrutiny add pressure on BTC prices.
Leading cryptocurrencies reversed course on Monday, giving up gains achieved the previous day.
Geoffrey Kendrick, an executive at Standard Chartered Bank, believes that Bitcoin could reach a staggering $200,000 by the end of 2025. This bold claim comes at a time when cryptocurrencies are capturing more attention from both institutional and retail investors alike.
The Bitcoin options market is beginning to see "reflexivity season" kick in as traders focus on prices between $80,000 and $90,000.
A Bitcoin breakout could happen within the next “handful” of days, according to a pseudonymous crypto market analyst.
Bitcoin has once again captured the attention of investors as it surged past the $64,000 mark, gaining over 10% in the last week. With various catalysts driving this momentum, many analysts believe this could just be the beginning of a much larger rally, with predictions that BTC could hit even higher levels in the coming months.
Bitcoin price gained pace above the $63,500 resistance. BTC tested the $64,800 zone and is currently correcting gains.