Another wallet with coins mined in the first two months after Bitcoin's launch has just become active after being dormant for over a decade. On Sept.

The entity still owns almost $80 million in BTC.

Jamie Coutts, the chief crypto analyst at investment management firm Real Vision, believes that China's recent stimulus package is positive for Bitcoin.

Avocado's analysis comes as BTC surged 7.5% in the past week, triggered by the Federal Reserve reducing its interest rate by 50 basis points.

According to the Smart Money tracker on the X platform, @lookonchain, slightly more than an hour ago, a new Bitcoin whale emerged on the market as tens of millions worth of Bitcoin went from the Binance exchange to a new cryptocurrency wallet.

Just like last week, another miner from Bitcoin's earliest days has come back to life—and this one might be selling off their coins.

Key points:

Trading cards have gained immense attention among investors and collectors, and many popular celebrities, including Post Malone, have been collecting one. Interestingly, one GameStop customer has even won a heavy jackpot, making $63K with an investment of $33.

Bitcoin traders are getting divisive while BTC price action bides its time as more central bank policy easing is announced.

Bitcoin has experienced a significant 11% price surge since Tuesday, following the Federal Reserve's announcement of a 50 bps interest rate cut. This news boosted investor confidence, pushing BTC past the $60,000 mark—an important psychological level that shifted market sentiment.

Bitcoin's potential surge to $72,000 in October could signal increased market confidence and institutional interest, impacting broader financial markets. The post Bitcoin eyes $72,000 in October, says Bitget Research analyst appeared first on Crypto Briefing.

A dormant wallet from 2009 transfers Bitcoin after a decade of inactivity

The unidentified Bitcoin (BTC) whale has become unexpectedly active in the last 24 hours, increasing the cryptocurrency accumulation in its wallet and bringing its share to 12,131 BTC.

At Barron's Advisor 100 Summit, a noticeable shift in sentiment toward Bitcoin was clear among America's top financial advisors. Matt Hougan, Chief Investment Officer at Bitwise, conveyed pivotal insights, illustrating the industry's stance on cryptocurrency, particularly Bitcoin.

Explore how Babylon unlocks yield for Bitcoin holders and how Fractal Bitcoin addresses scalability. Will these projects pave the way for a new era in DeFi?

Luke Gromen, president and founder of research firm Forest For The Trees, warns that the U.S. dollar-centric global monetary system is breaking down but gold and Bitcoin (CRYPTO: BTC) are well-positioned assets. What Happened: In a recent interview, Gromen argued that the U.S. government's fiscal situation has become so precarious that it now requires negative real interest rates and continued stock market gains to remain solvent.

You can click on this news section to read its content. It seems somehow there is no meta tag description available for this news article.

Matt Hougan, Chief Investment Officer of Bitwise Asset Management, has emerged as a prominent voice in this discussion, articulating a strong case for Bitcoin as a protective measure against these economic challenges. His recent statements underscore why many investors are increasingly viewing Bitcoin not merely as a speculative investment, but as a crucial component of their financial strategies.

Ark Invest, led by Cathie Wood, has sold 44,609 shares of its ARKB spot Bitcoin ETF, amounting to $2.8 million.

There is evidence of impending volatility as open interest in Bitcoin futures has increased to about 89,000 BTC on Binance. As new money is entering the market and positions are being established in anticipation of significant price action, this increase in open interest indicates a rise in trader activity and frequently portends sharp price movements.

Bitcoin remained steady above $63,000 on Tuesday, showing resilience after a brief rejection above $64,000. Despite minor fluctuations in the broader cryptocurrency market, Bitcoin held firm, while altcoins like Cardano and NEAR Protocol surged, leading gains by up to 7%. In the past 24 hours, Bitcoin dipped slightly by 0.2%, trading around $63,400.

Ark Invest's recent decision to reduce its Bitcoin ETF holdings seems aimed at maintaining portfolio balance, not signaling reduced faith in Bitcoin.

Analysts are forecasting significant bitcoin growth in Q4, driven by increased institutional support and favorable market conditions.

An early bitcoin whale has made waves in the crypto world, according to the onchain analytics platform Arkham Intelligence. This long-time holder transferred five bitcoins to Kraken, while still sitting on an impressive 1,215 BTC—worth a hefty $77 million as of today.

Bitcoin flirts with the $64,000 mark, cryptocurrency analysts are closely watching the resistance level that could define the near-term trajectory of the largest cryptocurrency by market capitalization. Currently trading at $63,727, Bitcoin is nearing a critical juncture that could determine whether bulls take control or bears continue to dominate the market.

The CIO of Bitcoin asset manager Bitwise claims the "most powerful people in finance" are buying Bitcoin and crypto. He says nearly 70% of top financial advisors at a recent summit owned Bitcoin and crypto personally.

The approval of U.S. spot Bitcoin exchange-traded funds in January was celebrated as a coming of age for the top cryptocurrency.

Key points:

As the cryptocurrency market stabilizes following a turbulent period, a new analysis suggests a parabolic breakout in the price of Bitcoin (BTC) could be on the horizon, according to historical data.

In a recent interview, Mark Moss, a veteran investor and Bitcoin advocate, offered an optimistic outlook on Bitcoin's (CRYPTO: BTC) future, highlighting several key factors driving its potential growth. What Happened: In an interview with Bitcoin influencer Natalie Brunell, Moss emphasized the importance of "zooming out" to understand Bitcoin's trajectory.

Gert van Lagen, a well-known technical analyst, says there is a good chance that Bitcoin (BTC) will surge in price by over 472% in the next year.

Bitcoin (CRYPTO: BTC) spot ETFs recorded a small net inflow of $4.56 million on Monday as miner revenues signal a potential uptrend in the making. What Happened: Significant contributions came from Fidelity's ETF (CBOE: FBTC), which added $24.93 million, and the BlackRock ETF (NASDAQ:IBIT), with an inflow of $11.54 million.

The wallet first started moving bitcoin to Kraken three weeks ago and has moved 10 BTC so far in three separate transactions.

It's been a while in coming, and many investors have likely been shaken out over the last six months, but the next price surge for Bitcoin (BTC) could be a short time away. How far can Bitcoin climb this time?

Bitcoin's price increase has influenced a key market indicator that suggests potential for further gains, according to CryptoQuant.

According to the latest figures from sosovalue.xyz, spot bitcoin exchange-traded funds (ETFs) pulled in $4.56 million in inflows, while ether ETFs saw a hefty outflow of $79.21 million on Monday. Mixed Day for Crypto ETFs Spot bitcoin ETFs had a positive day on Monday as three funds attracted inflows during the session.

According to on-chain data, a long-dormant Bitcoin whale has come back to life, moving a massive stash of BTC that has remained untouched for over a decade.

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 24, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

A prominent Chinese economist, Zhu Hengpeng, from the Chinese Academy of Social Sciences, has been arrested

The spot Ethereum ETFs saw the biggest outflows yesterday in almost two months.

Bitcoin could be on the path to a new all-time high if it breaks out of its reaccumulation phase this Saturday, according to an analyst. In a Sept.

BlockDAG draws inspiration from Bitcoin, including a halving mechanism, but its Proof-of-Work churns out multiple blockchains simultaneously.

Following the key interest rate cut announced by the US Fed Reserve last week, the Chinese Central Bank's (PBOC) governor made an announcement about similar steps to be taken by China.

Cryptocurrency Market Today: The global cryptocurrency market resumes to hover in the green, with a slight increase of 0.39% over the past 24 hours, bringing the total market cap to $2.23 trillion. The Fear & Greed Index remains neutral at 51, indicating a balanced sentiment among investors as they watch for significant market movements.

The year 2024 has been an eventful year for Bitcoin. The BTC market has witnessed several significant ups and downs. In mid-March, the market even created an enviable peak of $73,000. A recent report shows that the impressive journey of Bitcoin has generated several new Bitcoin millionaires this year.

The financial markets have witnessed a remarkable turn of events. Bitcoin, the leading cryptocurrency, has surged to a striking $63,551, marking an impressive gain of over 8.5%.

One analyst recommended medium-level exposure, "to capture potential gains while protecting against the possibility of a near-term dip."