A cryptocurrency analyst has warned that Bitcoin's (BTC) technical setup is signaling a possible correction toward the $50,000 mark as the asset struggles to push to $65,000.

Bitcoin, the world's leading cryptocurrency, is currently approaching crucial price levels that could set off a massive short squeeze, potentially adding billions to its market value. Analysts are keenly watching the market as Bitcoin inches closer to the pivotal $66,200 mark, where it could trigger the liquidation of around $10 billion worth of short positions.

The Bitcoin price started out the month of October on a rather bearish note with a notable 10% drop in price from $66,000 back down to $60,000. This put a damper on the “Uptober” sentiment as selling pressure mounted.

Bitcoin's impact on the financial landscape has been nothing short of revolutionary. Many advocates within the cryptocurrency community express strong confidence in Bitcoin's potential to reshape the monetary sector, establishing it as a significant investment asset.

Bitcoin's price has yet to recover above the key 200-day moving average, and if things remain the same, it is seemingly bound to drop to lower levels.

A U.S. bankruptcy judge has approved FTX's plan to repay creditors up to $16.5 billion, marking the end of the exchange's two-year bankruptcy process and potentially injecting billions back into the crypto ecosystem. What Happened: Judge John Dorsey of the U.S. Bankruptcy Court for the District of Delaware approved the reorganization plan, which will see 98% of creditors receive full repayment of their losses, plus additional compensation, DL News reported on Tuesday.

On Wednesday, HBO is set to release a documentary that claims to reveal the identity of Bitcoin's creator, Satoshi Nakamoto, and speculation is swirling around Len Sassaman as the potential figure.

TL;DR Babylon Labs anticipates an increase in fees at its Cap-2 event due to high demand for Bitcoin staking. The minimum deposits will be 0.005 BTC, while the maximum allowed is set at 500 BTC. The event aims to promote the adoption of Bitcoin on a layer 2, facilitating liquid staking with non-custodial control.

The round, known as "Cap-2," will kick off at some time around 18:30 UTC, lasting for about one hour and 40 minutes thereafter

According to a recent analysis from Standard Chartered, Solana (SOL) is projected to significantly outperform Ethereum (ETH) and Bitcoin (BTC) by 2025—if Donald Trump wins the U.S. presidential election. Geoffrey Kendrick, Global Head of Digital Assets Research at the bank, predicts a fivefold increase in Solana's price under a Trump presidency.

Bitlayer Labs, the developer of a Bitcoin Layer 2 network, has raised $9 million in a Series A extension funding round.

MARA, one of the largest bitcoin miners in the public market, has kicked off an exciting new pilot program aimed at powering its operations with excess natural gas from U.S. shale, as noted in a report from Reuters.

Today is Oct. 8, which means that the long-awaited documentary "Money Electric: The Bitcoin Mystery" from HBO should soon be hitting viewers' screens. Despite the fact that few people knew anything about this film a week ago, the ambitious statements of the film's creators that the identity of Bitcoin creator Satoshi Nakamoto would finally be revealed have greatly fueled expectations.

CryptoQuant CEO Ki Young Ju has stated that revealing Satoshi Nakamoto's identity could be bearish for the Bitcoin ecosystem. Specifically, he explained why it was better for the BTC founder to remain anonymous.

Bitcoin price stagnates below $63,000 as on-chain data highlights an uptick in selling activity.

As HBO's documentary sparks fresh debate, a new report from 10x Research revisits theories about Bitcoin's enigmatic creator, Satoshi Nakamoto, involving Nick Szabo and the NSA.

Bitcoin price is experiencing downward pressure, trading near $62,500 following a failed attempt to break above $63,200. The recent pullback has raised concerns among investors as Bitcoin struggles to maintain its bullish momentum.

Bitcoin (BTC) is making a determined attempt to break higher this week, with its price hovering around $63,173.22. As traders look to set new October highs, they are met with various challenges that could impact the sustainability of any potential rally.

Exclusive Analysis and Expert Insights for Navigating Bitcoin's Promising Q4 Market Dynamics

Fourteen years ago today, Bitcoin, the world's first cryptocurrency, was last traded at the humble price of one cent.

Bitcoin's recent surge to nearly $64,000 triggered optimism in the market, but it faced a 1.4% retracement after setting a local top. While historical trends suggest bullish momentum for the remainder of October, the looming impact of geopolitical tensions—especially the escalating conflict between Iran and Israel—adds uncertainty to Bitcoin's price forecast.

American business intelligence and software firm MicroStrategy has continued to enjoy the dividends of its Bitcoin association. With the uptick in the past few weeks, MicroStrategy shares — MSTR — have jumped to a six-month high of $186.09.

Babylon Labs counted down the blocks to its second delegation event, to be completed within exactly 10 BTC blocks.

With daily profits falling, the sustainability of growth is uncertain as miners juggle rising costs and long-term bitcoin accumulation.

BitcoinOS (BOS) is set to integrate its Grail bridge with B² Network's mainnet this year, enabling trustless bridging of BTC and Bitcoin assets using zero-knowledge proofs. This collaboration aims to secure over $110 million worth of assets on B² Network, a modular Bitcoin Layer 2 solution.

Anticipation toward the next major rally for Bitcoin continues to increase within the cryptocurrency community following the start of this bull cycle. However, the wait could be over as a crypto expert has predicted a potential rally for BTC in the final quarter of this year.

U.S. Senator Cynthia Lummis emphasizes that a strategic Bitcoin reserve could serve as a vital store of value for the U.S. Treasury, especially amid growing inflation concerns.

The true identity of Satoshi Nakamoto remains a mystery. Could it be Nick Szabo?

A continuous challenge: Ethereum ETF vs Bitcoin ETF. In this article, we will compare the inflows and recent performances.

TL;DR RedStone launches first Bitcoin staking oracles in collaboration with Lombard. Oracles provide real-time data on staked Bitcoin and liquid staking tokens. An expansion of services on new chains such as Arbitrum and BNB Chain is expected in the coming months.

Vexl co-founder and CEO Lea Petrášová believes that the app she's helped create — an open-source and KYC-free peer-to-peer bitcoin marketplace — is essential in helping to preserve Bitcoin's most essential qualities.

Bitcoin (BTC) is still stuck around the $62,000 to $63,000 price range as it struggles to clear the $64,000 range. Amid this ongoing price battle, whales have started to show more interest in the leading cryptocurrency.

Recent news around Bitcoin has taken a turn as the U.S. Supreme Court has approved the government's sale of 69,370 BTC previously seized from the Silk Road marketplace.

The Bitcoin price volatility is likely to surge in both directions following the recent approval of options for spot Bitcoin ETFs, according to Jeff Park, head of Alpha Strategies at Bitwise Investments. In an interview with Anthony Pompliano, Park explained how these newly available options differ from existing crypto derivatives and why they could significantly impact the Bitcoin market dynamics.

Perplexity is an artificial intelligence (AI) model gaining the spotlight by its real-time web scanning to access up-to-date data. The AI recently appeared in a list of notable and feared competitors by OpenAI, ChatGPT's developer, as Finbold reported.

According to the latest figures from sosovalue.xyz, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) welcomed an impressive $235.19 million in inflows. Meanwhile, spot ether funds had a completely neutral day, with neither gains nor losses recorded. U.S. Bitcoin ETFs Secure Inflows While Ether Funds Stay Flat On Monday, bitcoin ETFs saw inflows of $235.

Bitcoin's price momentum slowed down as it hit resistance at $64,000, with traders cautiously eyeing the upcoming U.S. presidential election. As inflation reports loom and the election date approaches, market participants seem to be holding their breath, waiting for a clear direction.

Check out why these digital assets were at the forefront of discussions lately.

U.S. spot Bitcoin (CRYPTO: BTC) exchange-traded funds saw significant inflows, totaling $235.19 million on Monday, bucking the trend of net outflows in the previous week. What Happened: According to The Block, Fidelity‘s (BATS:FBTC) led the charge with $103.68 million in inflows.

Blockchain oracle provider RedStone has announced the launch of oracles designed specifically for Bitcoin staking.

Bitcoin price remained in a consolidation phase even as the amount held on exchanges continued to decline. Bitcoin (BTC) was seen trading at $62,540 on Oct. 8, slightly below this week's high of $64,500.

The United States Supreme Court has declined to hear an appeal from Battle Born Investments over the forfeiture of 69,370 bitcoins originally linked to the Silk Road darknet marketplace.

Financial services company Block, Inc. (NYSE:SQ), co-founded by tech mogul Jack Dorsey, is well-known for holding a significant amount of Bitcoin (CRYPTO: BTC) on its balance sheet. What happened: Exactly four years ago on Oct. 7, 2020, the company, which also sells point-of-sale equipment to small businesses, acquired 4,709 BTCs for a total of $50 million, or $10,618 per unit.

The divergence in the performance between Bitcoin and Ethereum ETFs underscores the unique market conditions each faces.

In his latest “Monday Markets” podcast, technical analyst CryptoCred offers insights into the current cryptocurrency market, focusing on Bitcoin's (CRYPTO: BTC) key levels and potential trading strategies for altcoins. What Happened: CryptoCred identifies $64,200 as a crucial resistance level for Bitcoin on the weekly timeframe, noting that it represents the highest close before a recent pullback.

JPMorgan analysts have predicted a so-called "debasement trade" could fuel a bitcoin price boom going into the U.S. election—with Trump expected to add $7.5 trillion to U.S.

The top 4 miners by market cap all beat their monthly production numbers