After several weeks of sustained upward momentum, Bitcoin is currently holding above $66,000. The price has recently encountered resistance at the crucial $69,000 level, which is expected to take time and significant liquidity to overcome.
Michael Saylor, the Executive Chairman of Nasdaq-listed Bitcoin development company MicroStrategy, has disclosed that, like the enigmatic Bitcoin inventor Satoshi Nakamoto, he intends to leave his Bitcoin wealth for the betterment of civilization after he is gone.
Electric car company Tesla moved its stash of Bitcoin last week, but data firm Arkham believes that Elon Musk's company is still holding.
Veteran investor Paul Tudor Jones shared his thoughts on CNBC this past Tuesday, confidently stating that he's sticking with hard money like gold and bitcoin. In his view, any other option leads straight to inflation.
Bitcoin has enjoyed a strong performance over the last week, gaining 7.96% and hitting a new high of $69,028. This surge has reignited optimism in the cryptocurrency market, with many investors hoping for further growth.
The U.S. Securities and Exchange Commission (SEC) has approved the listing and trading of options on spot Bitcoin exchange-traded funds (ETFs), like BlackRock's iShares Bitcoin Trust (IBIT). Analysts say this move is likely to make Bitcoin's price more volatile. With options available on these ETFs, investors can bet on Bitcoin's future price changes more easily.
It appears that the popular Solana-based meme coin Popcat (POCAT) is outperforming major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). On October 23, 2024, when major cryptocurrencies struggled to gain momentum, POPCAT topped the crypto market with an impressive price surge of over 12%.
If prediction markets are correct, then pro-Bitcoin Trump is a shoe-in for the White House.
October bitcoin and ether options contracts are set to expire Friday, which could breed market volatility as traders look to close their bets or move positions in the next expiry. Plus, the yield on 10-year U.S. Treasuries are surging with Republican candidate Donald Trump's election victory odds.
A basket of meme tokens achieved higher net gains in the year to date compared to Bitcoin (BTC). Meme tokens are hoping for a super cycle, replacing altcoin speculation.
Experts refute the ECB's claims on bitcoin, citing flaws and biases in its analysis. They argue bitcoin promotes financial freedom and inclusion, disputing the position.
Popular crypto analyst Jason Pizzino says traders shouldn't necessarily expect Bitcoin (BTC) to witness a significant pullback before its next leg up. In a new YouTube video, Pizzino tells his 335,000 subscribers that every time people expect a “final flush out” of weak hands before the BTC market explodes, Bitcoin tends to do the opposite.
Bitcoin's futures market Open Interest has surged to $40 billion, indicating heightened trader activity.
October has historically been one of Bitcoin‘s best-performing months, triggering notable price increases over the years. Considering the price of BTC this month, several crypto analysts believe that the digital asset could be gearing up for a breakout that might catalyze a move to new all-time highs.
On October 22, River, a U.S.-based Bitcoin financial services company, announced the launch of its new product, Bitcoin Interest on Cash, which allows users to earn interest on their cash deposits and receive payments in Bitcoin.
Cryptocurrency markets are trading sideways on Tuesday: Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $67,436.75 -0.03% Ethereum (CRYPTO: ETH) $2,626.50 -1.7% Solana (CRYPTO: SOL) $168.23 +1.3% Dogecoin (CRYPTO: DOGE) $0.1395 -2.3% Shiba Inu (CRYPTO: SHIB) $0.00001823 -1.3% Notable Statistics: IntoTheBlock data shows large transaction volume increased by 78.9% and daily active addresses dropped by 4.6%. Transactions greater than $100,000 are up from 5,769 to 8,957 in a single day.
A crypto analyst has projected a significant break to the upside for Bitcoin, drawing parallels to similar breakouts in traditional assets in the tune of the Gold and the S&P500. According to a technical analysis of the current price action, Bitcoin is playing out a cup and handle pattern, which could send it surging to bullish price targets above $230,000.
Bitcoin's upcoming price recovery will be driven by a handful of unique factors.
BitFuFu, a cloud miner partnered with Bitmain, acquired an 80-megawatt Bitcoin mining facility in Ethiopia. This purchase is part of an overall strategy shift from BitFuFu, with more global presence and direct asset ownership.
Bitcoin hovers around $68,400 today, the cryptocurrency community is buzzing with optimism following a remarkable 9.8% rally last week. This surge was largely driven by $2.13 billion in inflows into U.S. spot Exchange Traded Funds (ETFs), with BlackRock's funds contributing a substantial $1.14 billion.
U.S. Bitcoin exchange River has unveiled its latest product, “Bitcoin Interest on Cash,” offering users a unique opportunity to earn bitcoin from their cash deposits. This innovative service allows customers to earn a 3.8% interest rate, which can be paid in bitcoin, while maintaining the security of FDIC-insured cash deposits.
Canadian cryptographer Peter Todd has entered hiding following the release of an HBO documentary that accuses him of being the elusive creator of Bitcoin, Satoshi Nakamoto, according to an Oct. 22 Wired report. The film, called Money Electric: The Bitcoin Mystery, aired on Oct.
In an interview with Bloomberg, Gary Gensler suggested he had no plans to alter the SEC's course on its “regulation by enforcement” approach to crypto.
Elon Musk's famous ‘Bitcoin' X post is now six years old. Interestingly, BTC is up around 1,000% since the world's richest man supposedly made that post on his X platform.
In Mary Poppins, Mr. Banks' journey from rigid conformity to joyful liberation mirrors the transformative power of Bitcoin. As he discovers that true wealth lies in freedom, we too are invited to rethink our relationship with money and embrace the financial sovereignty that Bitcoin offers.
The cryptocurrency market is a dynamic and ever-evolving space, with altcoins often experiencing surges and corrections in response to changes in Bitcoin's dominance. Recently, as Bitcoin's market share has declined, many analysts believe we may be on the cusp of a significant altcoin season, which could see the value of these alternative digital currencies high by as much as 300%.
In an appearance on CNBC Squawk Box on Tuesday, billionaire hedge fund manager Paul Tudor Jones shared his bullish outlook on Bitcoin (CRYPTO: BTC), gold and commodities as effective tools to protect against inflation. What Happened: During the interview, Tudor Jones stated, "All roads lead to inflation," and revealed that he is long on gold, Bitcoin, and commodities.
The hedge fund veteran also suggests holding gold, commodities, and technology stocks.
Bitcoin's brief rally to $69,000 maybe have been “driven by speculation” for a Trump victory. Meanwhile, BTC options traders say $80,000 is programmed.
The 4% positive adjustment comes after the Bitcoin network reached a record seven-day moving average hash rate of nearly 724 EH/s.
As the thrill of online casinos continues to captivate us, the rise of Bitcoin as a preferred currency adds a new layer of excitement and complexity to our gaming experience. With its promise of anonymity and quick transactions, Bitcoin has become a favorite among gamblers looking to secure their winnings.
Sina—a professor, consultant, and co-founder & COO of 21stCapital.com—is projecting that the Bitcoin price could rise as high as $285,000 by the end of 2025 in a new analysis shared on X. Utilizing a quantile regression model, Sina identifies distinct phases in Bitcoin's market cycle.
Billionaire hedge fund manager Paul Tudor Jones II revealed that he is investing heavily in gold and Bitcoin (BTC) as he expects inflationary pressures will persist regardless of who wins the 2024 US presidential election. Speaking on CNBC's “Squawk Box” on Oct.
Bitcoin, the leading cryptocurrency, has made headlines recently as it approaches its previous all-time high. The digital asset has reached a multi-month peak of $69,500, driven by significant market engagement and growing institutional interest.
Billionaire hedge fund manager Paul Tudor Jones, CEO of Tudor Investment Corporation, highlighted the growing threat of inflation in a recent interview with CNBC, describing Bitcoin and gold as essential assets amid rising recession fears in the United States.
Core Scientific has revealed that Coreweave has chosen to expand its high-performance computing (HPC) infrastructure by another 120 megawatts (MW), pushing the total contracted capacity to around 500 MW. Core Scientific and Coreweave Extend Partnership This contract extension could bring Core Scientific's (Nasdaq: CORZ) total revenue up to $8.7 billion over the next 12 years.
See the latest Bitcoin price prediction from a crypto CEO who forecasts BTC could reach $1,000,000, while ETFSwap (ETFS) and Cardano (ADA) are also expected to rally by 700%.
HashKey Capital remains optimistic about altcoins, taking cues from the ongoing Bitcoin boom. Their bullish stance is based on a mix of market analysis, strategic investments, and economic factors that suggest strong potential for low-cap tokens.
Traders expect Bitcoin downside price action to continue but also agree that in the coming weeks, $73,000 could occur “fairly quickly.”
Billionaire investor Paul Tudor Jones is worried about U.S. federal debt—and sees inflation coming as a result. He's betting on Bitcoin.
MicroStrategy CEO Michael Saylor has dismissed the idea of a government seizure of Bitcoin as a “trope” while advocating for custodianship through large financial institutions over self-custody. In a recent appearance on the “Markets with Madison” podcast, Saylor addressed concerns from what he called “paranoid crypto-anarchists” who fear such seizures.
The introduction of options on spot bitcoin ETFs is expected to increase volatility for the underlying asset, according to analysts.
"All roads lead to inflation," said billionaire hedge fund manager Paul Tudor Jones when asked if he is long on gold and Bitcoin (BTC) amid the global financial firestorm. He then goes on to reveal that he is indeed long on both the major cryptocurrency and the precious metal.
BitFuFu is no longer exclusively a cloud miner as it transitions to a more resilient portfolio.
Today, on October 22nd, 2024, the crypto market saw a small drop, amid geopolitical tensions and electoral uncertainties in the United States. Meanwhile, the total value of all cryptocurrencies fell by 2.2%, down to $2.34 trillion.
Indian regulators are considering banning private cryptocurrencies like Bitcoin and prefer the potential of central bank digital currencies (CBDCs) to offer safer and more inclusive financial systems, according to local media reports. The government has consulted key institutions on the issue, and many favor prohibiting private cryptos.
Bitcoin is finding support in the $66,500 to $65,000 zone and Bitcoin ETF inflows suggest traders are buying the dips. Will altcoins follow?