Bitcoin and Ethereum continued trading flat even as equities notched fresh record highs. However, Dogecoin moved higher on Thursday.
Bitcoin has regained its dominance in the cryptocurrency market, with its market share climbing to an impressive 58.98%. This marks the highest level of dominance for Bitcoin since April 2021, reflecting a broader trend in which the leading cryptocurrency is outperforming its altcoin counterparts.
Bitcoin Spot ETF cost an average of $57K which is crucial for current bull rally.
A Russian crypto expert has backed Bitcoin to reach $70k to $75k by the end of this month, following a recent price surge.
A Bitcoin wallet from 2011 that had been inactive for over 13 years has suddenly moved more than $10 million worth of BTC. This transaction is the second such occurrence within the same week, raising questions about a potential connection between the two events.
Bitcoin price holding gains above the $67,000 resistance zone. BTC is now consolidating and aiming for more gains above the $68,350 resistance.
Morgan Stanley Bitcoin ETF holdings have reached $272.1 million, representing 0.02% of its $1.2 trillion in assets.
Recently, Bitcoin transactions involving large amounts, known as whale transactions, have surged to their highest level in over 10 weeks. On Tuesday, there were 11,697 transfers of $100,000 or more, and Wednesday also showed strong activity.
The spot Bitcoin exchange-traded funds (ETFs) launched earlier this year after securing approval from the U.S. Securities and Exchange Commission have surpassed $20 billion in total inflows, with BlackRock's iShares Bitcoin Trust (IBIT) leading with $22.4 billion inflows.
Bitcoin (BTC) is trading slightly lower in South Korea compared to the global cryptocurrency markets due to a reverse ‘kimchi premium,' not seen since October 2023. Reverse ‘Kimchi Premium' Makes Bitcoin Cheaper In South Korea According to a report by The Korea Times, there is a price differential of more than $500 between Bitcoin's price in South Korea and global markets.
Bitcoin (BTC) has continued its ascent in recent weeks, reclaiming major highs. However, recent analysis suggests that the $57,000 level could be one of the most critical support points for the ongoing bull rally.
Former Bitmex CEO Arthur Hayes sees a bitcoin bull market on the horizon, driven by soaring energy prices and rampant inflation as Middle East tensions escalate. He argues that rising costs will send BTC's value surging in fiat terms, with newly printed dollars flooding the market.
The cryptocurrency market is witnessing a significant shift as Bitcoin whale wallets—accounts that hold vast amounts of Bitcoin—are increasing their holdings at an unprecedented rate. Recent data from Crypto Quant, an on-chain analytics platform, reveals that these whale wallets have accumulated nearly 1.97 million BTC in 2024 alone.
Bitcoin is witnessing a surge in network activity as large investor transactions, also known as whales, have skyrocketed significantly to new highs in light of recent broader market confidence. In comparison to the trading volume in the past few days, the growth is notable as the crypto asset's price has started to recover from its lows.
Bitcoin, the most popular cryptocurrency, is making waves in the financial world as it approaches a significant price milestone. Many investors are buzzing with excitement, speculating that Bitcoin could soon surpass the $70,000 mark.
A new survey has found that bitcoin usage has dropped to critical levels in El Salvador, with less than 10% of its citizens using it to make transactions.
On-chain data shows the Bitcoin whale transactions have spiked following the latest rally, a sign that profit-taking may have begun. Bitcoin Whale Transaction Count Now Highest In Over 10 Weeks According to data from the on-chain analytics firm Santiment, the Bitcoin whales have shown an increase in activity recently.
Kraken has launched KBTC, a wrapped bitcoin product fully backed 1:1 by bitcoin and compatible with multiple networks. KBTC aims to expand bitcoin's use beyond its native chain and into decentralized finance (defi) ecosystems.
Bitcoin is holding strong above $67,000 after setting a new local high of around $68,300, fueling excitement among investors. This bullish momentum is driven by price action and supported by key market data signaling a potential uptrend continuation.
Bitcoin price continues to show resilience near the $67,000 level despite recent market fluctuations. A stronger US dollar, as indicated by the Dollar Index (DXY) reaching three-month highs, briefly pushed Bitcoin to an intra-day low of $66,759. However, Bitcoin has managed to maintain a bullish stance amid these challenges.
The 2024 U.S. presidential election draws near, the outcome could have profound implications for the digital asset landscape. Recent trends indicate that a victory for former President Donald Trump could catalyze significant inflows into Bitcoin Exchange-Traded Funds (ETFs), as investors speculate on the potential for a more crypto-friendly regulatory environment under a Republican administration.
Bitcoin whales have been aggressively accumulating the flagship cryptocurrency, to the point that new whale wallets now hold 9.3% of the cryptocurrency total supply valued ar around $132 billion. That's according to data from on-chain analytics firm CryptoQuant, firstshared by its CEO Ki Young Ju, who noted that these new whale wallets now hold 1.
An eight-year Bitcoin investing veteran has named GambleFi tokens as “severely undervalued” and with 10-50x upside potential.
Bitcoin's emerging layer-2 and DeFi ecosystems are sparking competition for BTC liquidity on other chains.
The Bitcoin price has already been up by 10% in the past seven days, breaking above the $67,000 mark again in the last few hours. The Coinmarketcap Fear And Greed Index has now switched to greed in light of recent buying momentum and is showing no signs of slowing down.
PayPal's Venmo can now be used by U.S. customers to top up and make crypto purchases on MoonPay, according to a Thursday announcement.
Analysts say Bitcoin price pullbacks “will happen” and suggest that traders avoid impulsive trading.
Kraken announced on October 17 the launch of its wrapped Bitcoin kBTC, which is cross-network compatible and fully backed 1:1 by the top cryptocurrency. The tokenized BTC token will allow users to engage with it on decentralized applications (dApps), which is made possible through interoperability with blockchains like the OP Mainnet and Ethereum.
The cryptocurrency market showcased a compelling narrative of contrasting investor behavior. Bitcoin ETFs enjoyed a significant influx of capital, while Ethereum faced a decline in investor interest, revealing a pivotal shift in sentiment between these two leading digital assets.
Kraken has introduced a new wrapped Bitcoin product, kBTC, to tap into the rapidly expanding sector, according to an Oct. 17 statement. kBTC is a fully-backed, cross-network-compatible ERC-20 token representing Bitcoin.
Bitcoin (BTC), the world's largest cryptocurrency by market cap appears bearish and may experience a notable price decline in the coming hours or days. On October 18, 2024, BTC hinted at a potential price correction as it formed a bearish candlestick pattern at a strong resistance level.
Bitcoin is once again taking center stage in the financial world. Analysts are buzzing with optimism, predicting that the price of Bitcoin could reach new all-time highs (ATH) in the lead-up to the elections.
Bitcoin (BTC) enjoyed a 2.20% boost driven by rising spot demand, briefly touching $68,000 before settling at $67,000, according to Singapore-based digital asset trading firm QCP Capital. The firm highlighted strong options activity and inflows into exchange-traded funds (ETFs), with analysts pointing to a growing wave of optimism in the market.
Solv Protocol has introduced ‘SolvBTC.JUP', a new Liquid Staking Token that lets Bitcoin investors earn returns through Solana's decentralized finance ecosystem. Even though it is only in its pilot phase, SolvBTC.
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Solo Ceesay of Calaxy reacts to bitcon's recent price action and what the U.S. election means for crypto prices.
Cryptocurrency markets are trading lower on Thursday, consolidating gains from earlier in the week. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $66,879.97 -1.3% Ethereum (CRYPTO: ETH) $2,583.46 -1.1% Solana (CRYPTO: SOL) $148.51 -3.8% Dogecoin (CRYPTO: DOGE) $0.1213 -4% Shiba Inu (CRYPTO: SHIB) $0.00001767 -5% Notable Statistics: IntoTheBlock data shows Bitcoin large transaction volume decreasing by 14.8% and daily active addresses falling by 20.1%.
Bitcoin pulled back from its range high as investors moved to greener pastures, but a possible misstep by the SEC could benefit BTC.
On 16 October 2024, Real Vision's Chief Crypto Analyst Jamie Coutts shared a bullish outlook for Bitcoin in light of growing institutional support. Coutts emphasized that a significant shift in asset allocation preferences is happening, spurred by BlackRock CEO Larry Fink's endorsement of Bitcoin.
Bitcoin has recently seen a notable price surge, climbing over 8% in just 48 hours and finally crossing the $65,000 mark. This milestone follows months of struggle, as the largest cryptocurrency has been attempting to break free from the downward trend that began at the end of July.
Bitcoin's hashprice has risen to a two-month high, exceeding $50 for the first time since mid-August, according to data from Hashrate Index. On Oct. 17, the hashprice hit $53.64, marking its highest point since Aug 23.
Kraken, a leading cryptocurrency exchange, launched its own wrapped bitcoin (BTC) token, known as kBTC, on October 17.
For Bank of America analysts, fiscal challenges and global economic trends have made gold an even more alluring safe haven than bonds. While falling real interest rates usually help gold, the bank says that even higher rates might fail to put downward pressure on the yellow metal's price.
Approved in January, Bitcoin exchange-traded funds have experienced trading activity like no other ETF product.
Bitcoin prices have jumped by over 5%, reaching a ten-week peak at $67,800, as demand for the digital asset has climbed steadily. This increased interest comes from spot exchange-traded funds (ETFs) and significant bitcoin accumulation by large investors, commonly known as “whales,” according to research from Cryptoquant.
As traders fear a market top, many may opt to lock in profits rather than risk further losses, creating a cautious atmosphere.
The Dogecoin price has rallied by over 7% in the last 24 hours, outperforming Bitcoin and Shiba Inu. This price rally is primarily thanks to the world's richest man, Elon Musk, who continues to support the foremost meme coin indirectly.
"Crypto is the rare instance, where the difference in election outcome could determine the destiny of the industry," a Wall Street analyst said.
Litecoin (LTC) finds itself at a pivotal moment. With Bitcoin surging past $67,000, Litecoin is also gaining momentum, discussions about whether it can reach the significant $100 mark.