Even though the Fear and Greed Index is pointing at 61, Bitcoin slid down 1.70% in the last 24 hours. After reaching $66,450 Bitcoin price has returned to $64,140 after failing to register a support in upper areas. Let's discover the reasons for this price fall.
MicroStrategy was one of the early institutional investors in Bitcoin. The move has now paid off a 36x return on its initial investment as it remains the largest public holder of BTC.
Neither US party has attempted to adequately address the country's spiraling debt and deficit problem, which will play into Bitcoin's hands post-election, says a hedge fund manager.
Coinbase app downloads have surged as Bitcoin regains popularity among retail traders, reflecting renewed interest in the cryptocurrency market after a prolonged downturn.
An expert analyst has expressed confidence in the cryptocurrency market, explaining the technical analysis behind the positive outlook. In a latest analysis by Allincrypto, the host/analyst discussed the impact of macroeconomic factors, pointing out that central banks worldwide (except Japan's) are lowering interest rates, weakening currencies, and increasing global liquidity.
Cryptocurrency Prices Today: The global cryptocurrency market is showing a slight 0.13% increase over the past 24 hours, bringing the total market cap to $2.31 Trillion. However, 24-hour trading activity has taken a significant dip, dropping by 18.72%, now sitting at $47.37 billion.
BTC has registered its first three-week winning trend since February.
Investors now look to the upcoming Monday speech from Fed Chair Jerome Powell and the non-farm payroll data set to be released on Friday.
Rising US BTC-spot ETF inflows boost BTC demand, but looming Mt. Gox repayments and US economic data may pose supply risks for Bitcoin investors.
From a technical perspective and looking at historic trends, the only way for the crypto market to go is upward.
The crypto prices today have illustrated mixed actions, stirring investor speculations globally. Bitcoin (BTC) price slipped to the $64K level, whereas Ethereum (ETH) and Solana (SOL) encountered significant volatility.
Following the last week of upside, Bitcoin (BTC) along with the broader crypto market has come under selling pressure in the early trading hours on Monday. The BTC price is down 1.97% trading at $64,536 levels as the Japanese Nikkei 225 index slides nearly 5% today.
The Bitcoin price is plunging! The token has held the resistance at $65,500 throughout the weekend, suggesting a probable bullish close for the quarter. Woefully, the sluggish behaviour of the bulls enabled the bears to intensify their activity and cause significant harm to the rally.
Santiment says there's nearly double the amount of bullish posts to bearish ones on social media.
Bitcoin (CRYPTO: BTC) advocate Jamie Robinson recently drew attention to digital displays exhibiting the price of the leading cryptocurrency in El Salvador, a sight visible to thousands of commuters daily. What Happened: On Saturday, Robinson took to X to highlight Bitcoin's rising mainstream acceptance in the Central American nation.
Bitcoin price extended its increase above $66,000. BTC is now correcting gains below $65,500 and might continue to move down toward $64,000.
Leading cryptocurrencies traded flat Sunday ahead of Federal Reserve Chair Jerome Powell's speech on the direction of interest rate cuts in the coming months. Cryptocurrency Gains +/- Price (Recorded at 9:45 p.m.
Coinbase Institutional's report highlights optimism for the crypto market, driven by expectations of U.S. rate cuts and China's monetary stimulus, which could boost bitcoin's performance in Q4 2024. While bitcoin remains strong, ethereum faces challenges with rising transaction fees and limited impact from U.S. spot exchange-traded funds (ETFs).
As it approaches the $70,000 price level, Bitcoin is exhibiting strong signs of recovery more than it has in months. With its momentum suggesting more upside potential, Bitcoin's recent price action has seen it break through multiple significant resistance levels.
The crypto-keen, stock market-listed Japanese firm Remixpoint has announced it has used its balance sheet to buy Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Avalanche (AVAX) holdings.
China-focused stablecoin data, retail investor participation and skeptical BTC derivatives markets are all signs that Bitcoin price is not primed for a new all-time high.
Bitcoin's monthly close could reverse a 6-month-long downtrend and signal traders' intent to push BTC price to new highs.
A bearish divergence appeared on Bitcoin's chart. Does this mean a plummet to $60k?
Bitcoin price shows a modest loss of 0.13% during Sunday trading, currently trading at $65789. If the monthly candle closes around the aforementioned value, September 2024 would record around 15% growth.
After recently breaching the $65,000 mark, Bitcoin's (BTC) price may have hit a brick wall. While this recent price increase indicates strong bullish momentum, historical patterns suggest that BTC could pull back before the rally continues.
Bitcoin is en route to locking in a historic monthly performance, which could set a bullish path for XRP, TAO, RUNE, and SEI.
The general consensus is that Bitcoin is gearing up for a rally that would send it past its all-time high in the coming weeks.
Learn about Fidelity's FBTC Spot Bitcoin ETF, what it is, how it works, and step-by-step instructions on how to buy it to diversify your investment portfolio.
As Bitcoin (BTC) seeks to reclaim the $70,000 resistance, a prominent analyst has suggested there is room for more excitement as the maiden cryptocurrency is building momentum toward a six-figure record high.
Bitcoin miners are finally catching a break after a sluggish September, with hashprice climbing 10.33% in the past 30 days. A solid 8.93% of that bump came within the last four days alone. Hashprice Jumps Nearly 9% in 4 Days: Bitcoin Miners Catch a Break as September Nears End On Aug.
Ether has been underperforming Bitcoin for several months, but that may be about to end.
Former MicroStrategy CEO Michael Saylor has stepped up his metaphor game by portraying Bitcoin as an orange beverage can with the help of generative artificial intelligence (AI).
Not all ETFs have delivered the expected returns
The price of the OG cryptocurrency has pushed higher in recent weeks as a perfect storm looks set to hit Bitcoin and the broader crypto market in the near term. BTC broke out of its downtrend this week to reclaim the $65K level after the U.S. Federal Reserve's mid-September rate cut and the world's largest asset manager winning approval for a new game-changing Bitcoin product.
Despite a decline on daily charts, BTC is experiencing positive market sentiment. RSI divergence has confirmed the continuation of bullish trend
The U.S. Securities and Exchange Commission (SEC) has approved the listing of options on BlackRock's iShares Bitcoin Trust (IBIT) spot ETF. This milestone is expected to enhance liquidity and participation in the Bitcoin market, providing investors with new tools for hedging and speculation on Bitcoin price movements.
The best-performing day since June 4 was on September 27th, when $494.4M was added. The iShares Bitcoin Trust, which is owned by BlackRock, received $499M in weekly flows.
The crypto venture capital scene is busy; Binance founder and former CEO Changpeng Zhao completes a four-month sentence; and SEC chair Gary Gensler addresses Bitcoin in a TV appearance.
Since Jan. 11, 2024, twelve U.S. spot bitcoin exchange-traded funds (ETFs) have been steadily accumulating bitcoin (BTC). This doesn't include the hefty BTC stash held by Grayscale's GBTC, which has experienced a total outflow of $20 billion. Right now, these bitcoin funds hold an impressive 924,768.
Remixpoint invests millions in Bitcoin, Ether, and other cryptos to bolster its cash management strategy.
Bitcoin may clinch the best September in history if bulls can protect BTC price support into the monthly close.
Prominent crypto analyst and trader Kevin Svenson shared his bullish perspective on Bitcoin (BTC), suggesting that the leading cryptocurrency could surge past its previous all-time high (ATH) of approximately $74,000 before the end of 2024. As Bitcoin trades at around $65,019—showing a 2.8% increase in just the last 24 hours—Svenson's insights offer a glimpse into what may lie ahead for the cryptocurrency market.
According to on-chain data, a dormant Bitcoin wallet that has remained untouched for over a decade has suddenly come to life.
The price of Bitcoin started the year on a bounce, securing a new all-time high before the end of the first quarter of 2024. However, the second and third quarters weren't all that rosy for the crypto market, with the premier cryptocurrency largely moving within a consolidation range.
Bitcoin open interest is testing a yearly high range of $35B while spot volumes remain skewed towards the sell side, indicating higher downside volatility.
Since 2013, Bitcoin (BTC) has experienced positive returns in October for nine out of eleven years, rendering the “Uptober” moniker. As September ends, Finbold turned to OpenAI's artificial intelligence (AI) model, o1, for a price prediction based on historical results.