Crypto whales are aggressively accumulating Bitcoin (BTC) in an unprecedented manner, according to the CEO of a prominent analytics firm. CryptoQuant CEO Ki Young Ju tells his 363,000 followers on the social media platform X that the market hasn't seen the current behavior from whales.
Cryptocurrency markets are trading lower as markets continue to cope with geopolitical uncertainty. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $60,836 -1.6% Ethereum (CRYPTO: ETH) $2,393 -4% Solana (CRYPTO: SOL) $140.87 -4% Dogecoin (CRYPTO: DOGE) $0.1034 -3.4% Shiba Inu (CRYPTO: SHIB) $0.00001617 -0.4% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 12% and daily active addresses increasing by 17.6%.
Bitcoin's price is currently retesting its "Bull Market Support Band" trend indicator, where prices often rebounded from pullbacks during uptrends.
The Shiba Inu (SHIB) price crashed by 7% in the last 24 hours, alongside the drop in the broader crypto market. This downward pressure is due to external factors that put Shiba Inu's projected October rally at risk.
Bipartisan support builds for a U.S. strategic Bitcoin reserve as Senators Lummis and Khanna back Bitcoins potential as a national asset. The post Congressman Khanna backs Bitcoin strategic reserve as Democrats seek a ‘crypto reset' appeared first on Crypto Briefing.
XRP has seen a significant turnaround in recent weeks, concluding September with notable gains. However, as we move into Q4 2024, the question arises: can XRP hold onto these gains?
On-chain analytics provider Spot On Chain highlighted a Bitcoin (CRYPTO: BTC) whale's activity as the apex crypto is trying to hold on to the $62,000 mark. What Happened: The platform reported that the Bitcoin whale deposited on a centralized exchange as the market dropped amid escalating geopolitical tensions The whale had reportedly accumulated a net 3,933 BTC (worth $234 million) from Binance between Aug. 29 and Sep. 15.
In a report by Glassnode and researchers Cryptovizart and Ukuria OC, bitcoin has reclaimed a key short-term cost basis after the Federal Reserve's recent interest rate cut. This recovery signals the potential for further price momentum, although broader market conditions remain cautious.
Bitcoin has seen a retracement from the $66,000 level, but that does not mean that the bullishness of the pioneer cryptocurrency is completely gone. It is currently sitting around 4% below $66,000, which still makes its $63,000 level very attractive for bulls.
In an unexpected twist, Dogecoin (DOGE), originally created as a parody of cryptocurrencies, has emerged as a viable payment option for businesses across the United States.
Bitcoin (BTC) is showing signs of renewed optimism as several key indicators have turned positive, according to a well-known on-chain analyst. The pseudonymous analyst, Checkmate, who has garnered a following of over 98,000 on the social media platform X (formerly Twitter), has shared insights suggesting that Bitcoin's market momentum is stabilizing.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
The head of digital assets at BlackRock, Robert Mitchnick, is reportedly saying that the spot Ethereum (ETH) exchange-traded fund (ETF) launched earlier this year by the global investment giant has attracted a lower volume of inflows relative to a similar Bitcoin (BTC) product.
Bankless founder Ryan Sean Adams recently sounded the alarm over North Korean IT workers infiltrating cryptocurrency projects.
Crypto has its worst start to October since 2013.
Edward Snowden warns Solana's 'faster, cheaper' approach creates dangerous centralization risks for users.
History favors Bitcoin's price prospects for Q4, but CryptoQuant analysts caution that a consistent uptick in demand will be a critical component.
Is this the beginning of a new Dogecoin era? New wallets surge 72% as retail jumps in for the dip.
In 2023, Elon Musk made headlines when he publicly vowed to eat a McDonald's Happy Meal on live television if the fast-food giant adopted Dogecoin (CRYPTO: DOGE) as a payment method. The idea, sparked during a Twitter exchange between Musk and anonymous Dogecoin account DogeDesigner, revived Musk's previous proposal from January 2022.
Bitwise Asset Management recently submitted a filing for an XRP Exchange Traded Product (ETP) amid growing anticipation for regulatory approval. This filing, submitted to the U.S. Securities and Exchange Commission (SEC), has the potential to reshape XRP's market trajectory if approved.
Solana (SOL) price is down 6% in the last 24 hours, catching the attention of investors. Technical indicators like the Relative Strength Index (RSI) suggest the cryptocurrency may be approaching oversold territory, indicating a possible reversal.
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Bitcoin's price took a sharp dive, shedding nearly $4,000 in just under 24 hours as tensions in the Middle East flared up following a missile strike by Iran on Israel on October 1st. The sudden price drop saw Bitcoin plummet from over $64,000 to a low of $60,000 before stabilizing around $61,700 during early Wednesday trading in Asia.
Edward Snowden criticizes Solana for centralization, sparking debate over its blockchain model and governance. The post Snowden calls Solana a centralized chain used for ‘meme coins and scams' appeared first on Crypto Briefing.
The price of Bitcoin has plunged over the last 24-hour period amid rising geopolitical tensions, to now trade around $61,000 after losing nearly 7% of its value. The drop- however, may be a temporary setback, as a cryptocurrency analyst has recently pointed to a potential surge to $90,000 this year.
It appears that Crypto-focused investment firms are now eyeing the XRP Exchange Traded Fund (ETF) in the United States. Following the successful launch of Bitcoin and Ethereum ETFs, a new crypto-focused investment firm Canary Capital, filed for an XRP ETF by submitting Form S-1 to the US Securities and Exchange Commission (SEC) last week.
Following a 5% drop on Tuesday, Bitcoin (CRYPTO: BTC) is down 0.3% to $61,680 on Wednesday afternoon, with analysts cautioning traders about potential further downside if key support levels don't hold. What Happened: Alex Kuptsikevich, senior market analyst at FxPro said a technical factor added to the selling: the day before, BTCUSD had fallen below its 200-day moving average, reinforcing the exit of ‘weak hands' from the asset.
TL;DR Bitcoin has reached a new technical high of $66,000, marking a significant change in its recovery, supported by record on-chain metrics. The similarities in BTC's performance with previous cycles suggest a comparable pattern, despite differing market conditions. The profitability of short-term holders has improved, and 47.
Solana (SOL) is currently trading near a critical support zone at $145, following a 26% surge since the Federal Reserve announced interest rate cuts on September 18. After this sharp rise, SOL experienced a slight 10% dip, but the overall market sentiment remains optimistic.
AVAX shows potential to outperform BTC in Q4, supported by positive metrics.
As more people embrace cryptocurrencies, blockchain platforms are enhancing their features to accommodate growing user needs. BNB Chain is working to make stablecoin transactions quicker, less expensive, and simpler. Simultaneously, Solana is advancing towards potentially equaling Ethereum's market share, bolstered by its efficient processing power and expanding ecosystem.
MicroStrategy (NASDAQ: MSTR) has become one way many investors have found to get into Bitcoin (CRYPTO: BTC). Looking at the returns of the two over the past three years, investing in MicroStrategy has been far superior to investing in Bitcoin.
Bitwise Asset Management, a prominent crypto index fund manager, has officially filed for a spot XRP exchange-traded fund (ETF) with the Delaware Department of State.
The past few days have been turbulent for Bitcoin (BTC), with the leading cryptocurrency experiencing a decline of roughly 8% since September 29.
Q4 2024 could witness an incredible explosion of XRP. However, its rival is preparing for a leap of 3,500% that could disrupt the crypto universe!
The leading asset management firm Bitwise has taken a significant step towards launching an XRP ETF by filing a registration for a Delaware statutory trust on September 30.
The US Securities and Exchange Commission (SEC) has a deadline of October 7 to appeal Judge Analisa Torres's ruling that XRP secondary sales are non-securities. Judge Torres's landmark ruling in July 2023 marked a major development in the years-long tussle between Ripple and the US securities regulator.
Despite Bitcoin's plunge below $63,000 due to Middle East tensions, W, CFX, and OM surged, bucking the broader market trend.
What underlying events triggered the sudden outflows from Bitcoin and Ethereum ETFs?
Shiba Inu's gaming branch puts fun & inclusivity at the forefront of their new hyper-casual mobile game.
Cardano (ADA) is under significant selling pressure, trading down by 6.46% at $0.3498, with investors hoping for a recovery above $0.37, bringing a large number of investors back into profitability.
As we ring the curtain down on Q3, uncertainty surrounds Bitcoin's prospects of reaching six figures in this cycle. However, according to one crypto mining executive, BTC hitting fresh historic highs remains within reach.
Amonyx, a respected market analyst, has predicted that XRP will reach a staggering $589. This assertion, made in a recent post on social media platform X, has attracted both excitement and skepticism among investors and crypto enthusiasts alike.
XRP is moving through a complex price pattern with ups and downs. While there's potential for the price to rise, it's not showing the strong momentum usually seen in bullish trends. XRP's neutral price outlook coincides with Bitwise Asset Management filing for an XRP Exchange Traded Product (ETP) with the SEC.
Immediately following an escalation of tensions in the Middle East, the price of Bitcoin fell by approximately $4,000 on Oct. 1.
Shiba Inu (SHIB) has been experiencing a remarkable upswing, with its price soaring over 35% in the past 30 days. This impressive surge is part of a broader rally in the cryptocurrency market, primarily driven by Bitcoin's resurgence.
Bitcoin's demand has shown signs of stabilization, but a more significant uptick is required in Q4 to support higher prices, analysts said.