These three top cryptocurrencies are making big moves higher today, due in part to three catalysts.
Improving polls for Donald Trump—the self-proclaimed crypto candidate—may be boosting Bitcoin ETF interest, CoinShares said.
In this, the fifth Bitcoin epoch, bitcoin will be looked at less as a speculative bet and more as a financial life raft for many around the world living in failing or oppressive systems.
The MN Consultancy CIO and Founder stated that Bitcoin's price has been stuck in a tight price range and explained different indicators explaining the price of BTC. The analyst, Michael Poppe, explained that the crypto market has a bearish sentiment, with Bitcoin hovering over the same range over the past 200 days.
QCP Capital analysts have noticed a significant rise in bitcoin (BTC), comparing it to similar patterns seen before past U.S. elections. Their latest report delves into the influence of historical price movements, current market dynamics, and upcoming events on the cryptocurrency's future course.
Bitcoin kicked off a rally early on Monday, triggering hundreds of millions of dollars in liquidations as BTC climbed above the $66,000 mark. According to crypto data aggregator Coinglass, over $238 million in positions have been liquidated in the last 24 hours – mostly traders attempting to short BTC.
In August 2013, Howells made a mistake that would haunt him for the next decade. While cleaning his office, his partner inadvertently discarded a hard drive containing 8,000 Bitcoin, which at the time was worth just a few hundred dollars per coin.
Bitcoin's rise above $66,500 could open the doors for a rally to new highs and altcoins look set to follow.
The price of Bitcoin has recently started surging, moving up more than 4.9% over the last 24-hour period to surpass the $65,000 mark and near $66,000 at the time of writing, with the price rise coming after positive on-chain indicators suggest supply is decreasing.
Today, the crypto market has seen impressive gains, with its overall value jumping 5% to reach $2.28 trillion. Bitcoin, the largest cryptocurrency, rose 5% to touch $65,810, while Ethereum, Solana, and XRP also showed strong growth. So, what is driving this Bitcoin rally? Let's dive into the main reasons.
As a last-ditch effort, James Howells is bringing his disagreement with Newport council over his lost Bitcoin fortune to court in Wales.
The sudden vanishing of Bitcoin's price box from Google results stirs controversy and suppression theories.
Google has deleted the price and chart for Bitcoin from its main search page results, prompting interesting responses.
Bitcoin reclaims $65k, sparking double-digit gains for altcoins like ENA, WLD, and BRETT.
Bitcoin has smashed through the $65k mark. Speculators are on a high, as optimism swells around China's economic stimulus and Donald Trump's odds for the White House.
The price of Bitcoin (BTC) has made another positive move, rising above the moving average lines.
In its quest to replicate the late July rally near $66K, Bitcoin has encountered resistance three times. Will it finally break through?
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Publicly-listed German asset management firm Samara Asset Group revealed on Monday its intention to expand its Bitcoin portfolio using proceeds from a €30 million ($32.8 million) bond.
The Bitcoin market is buzzing with optimism as the cryptocurrency hits a high of $66,265, marking a notable comeback. The rally is being fueled by whale buying pressure, historical patterns suggesting a strong October performance, and growing speculation around the upcoming US presidential election.
Bitcoin nears critical weekly close above $61.3K EMA as bulls target $65K. Will momentum hold?
Bitcoin's recent price movement reflects increased activity in the futures market, with data from Coinglass revealing that CME leads the charge with 15,663 BTC in open interest, equivalent to about $9.81 billion.
The bitcoin futures funding rate has reached a multi-month high, indicating short-to-medium-term bullish sentiment, an analyst said.
Bitcoin mining profits fell in September 2024 as hashrate rose 1.7% and prices stayed flat. Average daily revenue per exahash fell by 2.6%, putting pressure on Bitcoin miners' profit margins.
Bitcoin miners may see a profitability shrink this month following a related drawdown recorded in September.
Bitcoin (CRYPTO: BTC) mining stocks Marathon Digital Holdings Inc (NASDAQ: MARA), Riot Platforms Inc (NASDAQ: RIOT) and CleanSpark Inc (NASDAQ: CLSK) are trading higher Monday alongside a rise in the price of Bitcoin. What To Know: Bitcoin has climbed more than 4% over the last 24 hours driving strength in the broader crypto space and crypto-related stocks.
Bitcoin (BTC), the world's largest cryptocurrency by market capitalization is gaining significant attention from the crypto community following its impressive price surge over the past 24 hours. With a surge of over 6%, BTC reclaimed the $66,000 level for the second time since July 2024.
Last night saw some tense minutes as the weekly candle was closing with it unclear at the time just which way it was going to go.
A new week has started mainly bullish for most of the coins, according to CoinMarketCap.
With Bitcoin breaking through $66K, are we seeing the early stages of a long-term bull market or just another temporary spike? Bitcoin is back in action Bitcoin (BTC) is back in the spotlight, crossing the $64,000 resistance mark as the
Crypto-related investment products saw inflows of around $407 million, according to CoinShares' latest weekly report. CoinShares head of research James Butterfill said the strong inflows are likely driven more by political developments, particularly the upcoming US elections, rather than changes in monetary policy.
Crypto investors are not keen on dealing with cryptocurrency trading platforms, which has resulted in the dwindling exchange reserves of Bitcoin and Ethereum. Centralized exchanges on Bitcoin and Ethereum hit a historic low after investors and crypto enthusiasts opted for self-custody solutions for their virtual assets.
Binance Labs-backed Solv Protocol has completed an $11 million raise in a strategic funding round as it looks to bring Bitcoin staking to more investors.
Exactly 14 years ago, a user on the legendary Bitcointalk forum asked whether or not it would be actually safe to invest $1,000 in the then-fledgling cryptocurrency.
In 2013, Howells accidentally threw out the hard drive his bitcoin stash that he had mined in 2009, worth around $1 million at the time but which now would be worth over $520 million.
Ark Invest CEO Cathie Wood has projected a surge in Bitcoin adoption following negative macroeconomic conditions. This year, policy watchers tipped a positive swing in Bitcoin and gold prices as investors sought a hedge against global market inflation.
Bitcoin was down bad at the start of this month. Now it's trading for more than $66,000 per coin.
Bitcoin hits $64K, fueling fresh Uptober excitement, but retail interest stays noticeably muted.
Samara AG to invest €30 million in Bitcoin through a Nordic bond. The investment aims to grow Bitcoin reserves and acquire fund stakes.
Bitcoin bulls waste no time continuing a rebound, which has now delivered BTC price gains of over 3% for October.
CoinShares reports $407 million in crypto inflows, driven by Trump's rising election odds.
As the 2024 U.S. presidential election approaches, an intriguing pattern is emerging, showing a correlation between Bitcoin's (BTC) price and the rising odds of a potential Donald Trump victory.
Bitcoin (CRYPTO: BTC) has broken the $65,000 mark, trading at $65,840 at the time of writing, up 5.4% over the past 24 hours. What Happened: Crypto trader Stockmoney Lizards has turned bullish, noting that while many are anticipating further lows, they may soon be left behind due to several indicators: Bull Market Bottom: Bitcoin is in a bull market, having experienced a 90% pump in February and March.
As liquidity grows, institutional investors and options strategies could fuel the long-term expansion of the bitcoin ETF market.
Trading firm QCP Capital said the move was similar to BTC's price action in 2016 and 2020 before the U.S. elections.
Bitcoin's leap toward $65,000 after a lackluster start to October could catalyze gains historically experienced during this month, according to QCP Capital.
After a period of relative stability, Bitcoin awoke with a bang, crossing the $64,000 mark and triggering a wave of liquidations in its wake. This sudden movement hit traders who had bet on a market decline hard, causing short position liquidations exceeding $100 million.