Asset manager Bitwise has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to merge three bitcoin and ethereum futures exchange-traded funds (ETFs) into a single fund. This new fund will utilize a momentum-based strategy, targeting both bitcoin and ether futures.
Bitcoin (BTC) has faced a rough start to the historically bullish month of October, impacted by escalating geopolitical tensions in the Middle East. Despite this, bulls remain hopeful for a turnaround later in the month.
Amid increased price volatility in the cryptocurrency market, top tokens continue recording a mixed price sentiment. Moreover, limelight tokens such as Bitcoin, Ethereum, and XRP are currently hovering close to critical ranges.
The price of Bitcoin has not had the most straightforward performance in 2024 despite a strong start to the year. The flagship cryptocurrency has spent most of the last two quarters in consolidation, fluctuating within the $50,000 and $70,000 range.
The global market capitalization remains steady at $2.24 trillion, with Bitcoin trading at $62,000 and Ethereum at $2,400, both showing positive gains. As geopolitical factors continue to shape market sentiment, analysts are keeping a close watch on regulatory developments and their impact on cryptocurrency investments.
A majority want candidates to adopt clear stances on crypto, indicating that addressing crypto regulation could influence voter support.
Analyst and trader Justin Bennett is outlining one scenario where Bitcoin (BTC) may suddenly soar to $70,000. Bennett tells his 111,600 followers on the social media platform X that he can see one way Bitcoin surges more than 12% from its current value without first dipping below $60,000.
Spot Bitcoin exchange-traded funds in the U.S. recorded outflows of over $300 million this week as global macroeconomic events sparked uncertainty over short-term direction. After closing the historically bearish September with over $1.1 billion in inflows, roughly $388.
Transforming the $61k level into a support zone is vital for triggering a bull rally in Q4.
Buyers are controlling the initiative at the beginning of the weekend, according to CoinMarketCap.
Bitcoin, the world's most well-known cryptocurrency, is currently experiencing a turbulent period. As we enter October, the price has seen a noticeable drop from around $66,000 to just under $60,000 in a matter of days.
Bitcoin (BTC) maintained a muted trading pattern on Thursday and Friday, following a notable drop earlier in the week largely attributed to rising geopolitical tensions, particularly the escalating conflict between Israel and Lebanon.
A new documentary claims to reveal the mysterious person behind Bitcoin's creation. Could the true identity of its creator finally be uncovered?
The International Monetary Fund (IMF) is still not comfortable with El Salvador's Bitcoin gamble.
A Bitcoin (BTC) whale from the network's earliest months is sending more of its holdings to crypto exchange Kraken after 15 years of dormancy. The whale, a colloquial term for entities holding a huge amount of Bitcoin, holds BTC mined just one month after the network went live in 2009.
Buying pressure on Bitcoin has been rising. This can affect the king coin's price positively.
The cryptocurrency market went through a relatively volatile 24 hours, where Bitcoin took center stage and managed to increase above $62,000. The uptick has also given leeway to smaller-cap altcoins to recover, with one viral meme coin exploding by as much as 25% on the day.
The International Monetary Fund (IMF) has urged El Salvador to review its Bitcoin policies and enhance its cryptocurrency regulations. In a press conference on October 3, Julie Kozack, the director of the IMF's communications department, highlighted the collaborative efforts between IMF staff and Salvadoran officials.
On Friday, the 12 U.S. s pot bitcoin exchange-traded funds (ETFs) experienced positive inflows, totaling $25.59 million. Concurrently, the nine spot ether ETFs garnered a combined $7.39 million in inflows during the day's trading session. Bitcoin ETFs Rebound With $25.59M Inflows, Ether Funds Add $7.
A self-proclaimed Bitcoin pleb and actual brain surgeon, Dr. Jack Kruse, has the sauce and I want everyone to try it.
Dallas Mavericks minority owner Mark Cuban has teased a plan floated by Donald Trump to pay off U.S.
A cryptocurrency analyst has warned that key fundamentals and technical indicators are signaling a possible major downturn for Bitcoin (BTC) despite the leading digital asset attempting to push further above $60,000.
A widely followed crypto analyst believes one Ethereum (ETH)-based altcoin is gearing up for a massive breakout.
In the last 24 hours, Solv Protocol, a leading Bitcoin staking platform, with a 24-hour protocol fee of $1.48m, has emerged as the sixth largest among the protocols. Interestingly, Solana, with $1.24m in fees, and Uniswap, with $1.15m in fees, have been pushed down to eighth and ninth positions, respectively.
Nearly six months after the debut of Bitcoin Core 27.0, the BTC development team have launched the latest update of the protocol. Dubbed Bitcoin Core 28.0, this new iteration comes with a couple of improvements and bug fixes for the Bitcoin mainnet.
The October Bitcoin price analysis seems uncertain about its future, with mixed signals from market analysts. Will it drop to $52,000 or rally toward new highs?
Bitcoin (BTC) has bounced back from its overnight dip, regaining traction above the $62,000 mark and briefly touching an intraday high of $62,400.
Bitcoin's price hovers around $60,900, the cryptocurrency market is enveloped in a cloud of uncertainty. With volatility impacting many digital assets, analysts are closely examining the price trajectories of both Bitcoin and Ethereum.
On Friday, Bitcoin Fear & Greed Index entered the “fear” zone, dropping to 37, according to CryptoQuant data.
With Bitcoin inching closer to the $62K mark after a tumultuous first week of October, meme coins are rising again. Amid the rising geopolitical tensions, the historical October rally of crypto is at risk. Under such conditions, here are the top three meme coins, ready to bounce back with a breakout rally.
This month, the Bitcoin market opened with a long bearish candlestick. Currently, the market is struggling to break above the opening price of October 1. A recent analysis report published by CryptoQuant indicates that Bitcoin may face short-term corrections.
Market analyst Tom Lee foresees turbulent times ahead for investors, largely due to growing geopolitical tensions and upcoming elections. Despite the uncertainty, Lee anticipates that should the ETF be approved, Bitcoin could skyrocket to $150,000, potentially even reaching $180,000.
With Bitcoin price facing a stiff resistance around $62.2K, the chances of a quick reversal are high. This move would further extend the ongoing seven-month consolidation.
A Bitcoin whale holding over $72.5 million Bitcoin from 2009 has sent a total of $3.58 million BTC to Kraken with their most recent movements yesterday, according to Arkham Intelligence.
Bitcoin's recent price swings are gradually raising bearish sentiment around its price trajectory among crypto enthusiasts and investors. However, considering positive developments around Coinbase Premium, the crypto asset could be gearing up for a potential leg up in the short term, triggering hope within the community.
The largest cryptocurrency has been moving in such a way that gives the idea of an upcoming “cup and handle” pattern. After falling to $60,000 from a height of $66,000, bitcoin retested this support level twice before actually starting to rise. Currently trading at $62,071 is up by 1.
Global investment bank JPMorgan has released insights indicating that the rising prices of gold and Bitcoin are significantly influenced by what they term the “debasement trade.” This phenomenon reflects the growing perception among investors that these assets serve as safe havens amidst increasing economic uncertainties, inflation fears, and a diminishing trust in traditional fiat currencies.
Bitcoin's price has shown just how unpredictable it can be, with recent ups and downs keeping investors on edge. After jumping from $53,500 to $66,000 in late September, the cryptocurrency quickly dropped to $61,000 in early October.
The International Monetary Fund (IMF) has suggested that El Salvador reduce government support for Bitcoin. This is a far more conciliatory attitude than previous attempts to repeal the nation's Bitcoin law.
Despite Bitcoin's shaky start to October, APT, POPCAT, and SUI led the weekly gainers list.
Bitcoin finds itself at a critical juncture after weeks of intense volatility, marked by excitement and fear. Currently trading around $59,400, BTC is testing vital demand levels following a 10% dip from local highs of approximately $66,000.
While Bitcoin's price has faced challenges amid fluctuating ETF flows, the underlying institutional interest remains strong. Major institutions like BlackRock and Fidelity are entering the ETF market, which could further influence Bitcoin's price trajectory. Eric Balchunus, Senior ETF Analyst at Bloomberg Intelligence, joined David Lin for a discussion about ETFs and BTC.
Bitcoin (BTC) may not have reached its cycle top yet, according to recent analysis of the Market Value to Realized Value (MVRV) Ratio. This on-chain metric suggests that Bitcoin still has room for further growth before hitting a major price correction.
Analyst Benjamin Cowen is leaning bearish on Bitcoin (BTC) amid a single-digit correction by the flagship crypto asset over the past week.
There are huge differences between the various countries, with Asia and Africa leading, and Europe last.
After a gigantic downfall following the global tensions and speculations of war, the crypto space is trying hard to validate a recovery. The Bitcoin price dropped to $60,000, but after a brief consolidation, the token quickly regained levels above $61,000. This displayed the growing strength of the bulls.
The Bitcoin market is grappling with mixed predictions, fueled by both technical analysis and external factors like geopolitics. Political turmoil has hurt Bitcoin before.