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news-imageOctober 17, 2024

Kraken Wrapped Bitcoin (kBTC) Launches on Ethereum and Optimism (OP) Networks with More Expansion in Pipeline

The Kraken's launch of Wrapped Bitcoin will further enhance the mainstream adoption of BTC through Web3 space across different chains.
Publisher: Coinspeaker
Sentiment: Positive
BTC
ETH

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Neutral
cover-imageCoinPedia
October 18, 2024

Can Bitcoin Hit $75000k Levels In The Next Few hours?

The Bitcoin market has stabilized after a volatile start to the week. Bitcoin has faced significant resistance at levels around $67,500 to $68,000. After rejecting this resistance, a pullback seems likely. Although Bitcoin has shown strength recently, the current economic fundamentals could contribute to a downturn.

Positive
cover-imageNewsBTC
October 18, 2024

Bitcoin Holders In Profit Hits 95%: Is BTC Overheating?

On-chain data shows around 95% of all Bitcoin holders are in profit following the latest bullish action that the asset's price has seen. Very Few Bitcoin Addresses Are Still Underwater In a new post on X, the market intelligence platform IntoTheBlock has shared an update on how the Bitcoin holder's profitability is currently looking.

Positive
cover-imageThe Currency Analytics
October 18, 2024

Bitcoin's Dominance Surges to 59% as Whale Activity Intensifies

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.

Neutral
cover-imageNewsBTC
October 18, 2024

Bitcoin Trades Below Global Prices In South Korea, Erasing Long-Standing ‘Kimchi Premium' – Here's Why

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.

Positive
cover-imageThe Currency Analytics
October 18, 2024

Ethereum's Path to $3,000 Strengthened by Bullish Indicators

Ethereum (ETH) continues to navigate a dynamic market landscape, recent indicators suggest a growing potential for the cryptocurrency to reach the $3,000 mark. With an uptick in active addresses, significant exchange outflows, and bullish technical signals, Ethereum appears to be positioning itself for a price rally.

Positive
cover-imageThe Currency Analytics
October 17, 2024

Bitcoin Price Surge: Will It Cross $70,000 Soon

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.

Neutral
cover-imageNewsBTC
October 17, 2024

Bitcoin Whale Transfers See Massive Spike: Sign Of Profit-Taking?

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.

Positive
cover-imageThe Currency Analytics
October 17, 2024

How a Trump Victory Could Drive a Surge in Bitcoin ETF Inflows

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.

Positive
cover-imageCryptoGlobe
October 17, 2024

New Bitcoin Whales' Holdings Skyrocket 813% Year-to-Date to Over $130 Billion

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.

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