A closely followed crypto analyst is updating his outlook on a meme asset that has seen staggering gains during the last year.
Some crypto observers have sounded the alarm on Solana (SOL), comparing the blockchain network to the ill-fated Terra token, Luna (LUNA), which collapsed in 2022, fueling a crisis that gripped the whole crypto industry.
In a plot twist that could be straight out of a crypto thriller, Bitcoin wallets belonging to early miners suddenly sprang back to life on Friday, moving those coins after laying dormant since 2009.
Cryptocurrency markets are trading sideways, with Ethereum outperforming Bitcoin to end the week strong. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $62,907.07 -0.9% Ethereum (CRYPTO: ETH) $2,544.07 +3% Solana (CRYPTO: SOL) $146.17 +1.9% Dogecoin (CRYPTO: DOGE) $0.1048 -1.4% Shiba Inu (CRYPTO: SHIBA) $0.00001414 -1.1% Notable Statistics: IntoTheBlock data shows an increase of 10.5% in large transaction volume and a 4.8% surge in daily active addresses.
Among yesterday's inflows, Ark Invest and 21Shares' ARKB received $81.07 million. U.S bitcoin funds have had a net inflow of $17.60 billion since their start in January.
Cardano (ADA) continues attracting significant crypto attention thanks to heightened whale activity.
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Greg Benhaim of 3iQ discusses the sentiment for digital assets among investment advisors.
VanEck said interest in Bitcoin (BTC) is significantly higher than 12 months ago as institutions and nations continue to push for adoption. According to a Sept.
PEPE outclasses DOGE and SHIB in terms of gains, aided by robust demand from whales.
With the market recovery, open interest in major assets has been rising, but it seems Dogecoin is not following this trend. The meme coin has remained muted with a failure to move like other large caps such as Bitcoin and Solana.
BlackRock's CEO, Larry Fink, surprises with a candid assessment of global turmoil and an endorsement of Bitcoin.
Crypto faces an enigmatic shift from niche to a bi-partisan topic in the American political scene.
Bitcoin's (BTC) sentiment appears to have turned bearish as analysts eye sub-$50,000 price targets, preparing for a crash. The leading cryptocurrency shows weakness at resistance, potentially making another lower high – continuing in a downtrend.
Ether's futures open interest jumps to a 20-month high, but leverage demand remains balanced.
Bitcoin may have outperformed stocks in the aftermath of the Federal Reserve's decision to lower interest rates on Wednesday, but the true winners in the crypto universe are altcoins.
Dogecoin (DOGE) has remained in the spotlight lately amid the broader uncertainty in the market. With the recent trend, the memecoin is on track to record its first Golden Cross technical indicator in 4 years.
TON has surpassed Bitcoin and Ethereum in daily active addresses, with USDT trading volumes on the network reaching $1.2 billion.
Despite a wider market pullback, the total value locked (TVL) in DeFi on Core (CRYPTO: CORE), Bitcoin (CRYPTO: BTC) Layer-2 blockchain, has grown significantly in the second quarter of 2024. What Happened: According to a Messari report, Core's DeFi TVL grew by 1,032% in Q2, reaching $76.4 million.
September's counter-seasonal price trend has already started to show signs of this divergence trend helping BTC.
Since its introduction in 2008, Bitcoin (BTC) has become one of the first successful digital currencies in the world. Developed by the entity known only as Satoshi Nakamoto, BTC has grown in popularity as a way to make digital transactions without the involvement of a central bank or financial institution.
According to the latest figures, bitcoin exchange-traded funds (ETFs) brought in $158.21 million in inflows on Thursday, while ether ETFs saw $5.24 million in deposits. Bitcoin, Ether ETFs Show Positive Inflows as Reserves Climb Leading the charge on Thursday, Ark Invest and 21shares' ARKB fund attracted a hefty $81.07 million.
Bitcoin finally made it above $64,000, even though the bears quickly dragged it below the range. The ongoing consolidation is looked to be a part of a post-halving accumulation that breaks out 170 days after the event.
Bitcoin Price Analysis: Bitcoin price crossed the $64,120 mark, posting 22% gains with the 14-day timeframe. Markets reports suggest this rally was fueled by MicroStrategy's latest $458.2M acquisition and the U.S. Federal Reserve's first interest rate cut in four years.
A widely followed cryptocurrency analyst and trader believes one Ethereum (ETH) competitor is forming a bullish reversal pattern. The analyst pseudonymously known as Rekt Capital tells his 499,100 followers on the social media platform X that Avalanche (AVAX) may have reached a market bottom after a retest of a key level around $21.
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A 4-day Bitcoin price rally has sparked a renewed recovery sentiment in the cryptocurrency market. The recent BTC jump from $57630 to $64000— an 11.3% increase— is largely driven by speculation around the Fed rate cut, now reduced to 475-500 basis points (BPS).
Historically, when Bitcoin wraps up September on a high note, it often leads to robust gains in October, November, and December. This phenomenon is not new; crypto analyst Jelle highlights that in previous years, particularly 2015 and 2016, Bitcoin experienced an average increase of 15% following a positive September.
TL;DR Sky, formerly MakerDAO, will launch its stablecoin USDS on Solana using the Wormhole protocol. Sky will offer incentives of up to 2 million SKY tokens per week to promote the adoption of USDS on Solana.
Analysts are projecting Bitcoin (CRYPTO: BTC) to reach $65,000 in the near term, citing increased long positions and bullish options activity, as the leading cryptocurrency remains steady above $62,000. Meanwhile, Ethereum (CRYPTO: ETH) has climbed 3.5% to $2,547, with both cryptocurrencies seeing significant ETF inflows.
VanEck expects Bitcoin's long-term bull market to continue, but miners are struggling.
The state of Avalanche reflects a broader trend, where crypto projects are struggling to find compelling use cases and maintain user interest.
Hackers hijacked the Indian Supreme Court's YouTube channel Friday to broadcast ads shilling XRP, the seventh-largest cryptocurrency.
The top executives at BlackRock are beginning to sound like Michael Saylor. In a recent paper outlining BTC's investment case, BlackRock's ETF Chief Investment Officer and head of crypto Robert Mitchnik called Bitcoin a unique diversifier.
The Supreme Court of India's YouTube page was today taken over by hackers to promote a fraudulent scheme relating to the XRP cryptocurrency and its maker, San Francisco-based fintech Ripple. The hack marks the first such incident for the judicial body.
Large investors seem to be upping their ante; at least, that's the story of Bitcoin and its latest rebound to over $63,000 today. And market watchers have indeed taken notice.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
Ripple sees the Federal Reserve's FedNow system as a chance to drive XRP adoption, despite ongoing privacy concerns.
TL;DR Muneeb, founder of Stacks, announced the arrival of sBTC, a synthetic Bitcoin, on the Solana blockchain. The integration of sBTC will combine the security of Bitcoin with the speed and efficiency of SOL. sBTC will allow faster Bitcoin transactions in decentralized applications, which could attract more users and developers to SOL.
Sky, a decentralized finance protocol rebranded from MakerDAO, is set to utilize Wormhole's technology to bring its native tokens to Solana, enhancing its multichain capabilities.
Fidelity now holds nearly 1% of all BTC after purchasing 5,000 more, valuing their total holdings at $11 billion. The post Fidelity adds 5K Bitcoin in past week, now holds nearly 1% of all BTC appeared first on Crypto Briefing.
ConsenSys, the blockchain company behind Ethereum (CRYPTO: ETH) infrastructure projects like MetaMask, has faced a setback in its lawsuit against the U.S. Securities and Exchange Commission (SEC). What Happened: The company had initially sued the SEC for overreach, accusing the regulator of conducting an unnecessary investigation into Ethereum, specifically targeting Ethereum 2.0.
Veteran technical analyst CryptoCred sees a potential shift to a bullish market structure for Bitcoin (CRYPTO: BTC), suggesting the apex crypto is at a critical juncture. What Happened: CryptoCred took to his X account to emphasize the importance of using line charts for market structure analysis, noting that they “tend to be clearer as they only show the closes.
Global financial giants Franklin Templeton and Citigroup have announced have announced plans to adopt the Solana blockchain for their upcoming financial services. Franklin Templeton, a $1.4 trillion asset manager, plans to launch a mutual fund natively on Solana, while Wallstreet giant Citi is exploring the blockchain's capabilities for smart contracts and cross-border money transfers.
Business intelligence firm MicroStrategy, led by Bitcoin (BTC) bull Michael Saylor, announced on Friday a successful $1.01 billion raise through the sale of convertible senior notes, a strategic move aimed at acquiring more BTC and redeeming higher-yielding securities. MicroStrategy Invests Additional $458 Million In BTC Of the funds raised, MicroStrategy allocated $458 million to purchase additional Bitcoin between September 13 and September 19, further bolstering its position as the cryptocurrency's largest publicly traded corporate holder.
MicroStrategy, the world's largest corporate holder of Bitcoin, announced its latest acquisition of the market's largest cryptocurrency. The Nasdaq-listed business intelligence company has acquired another 7,400 BTC for nearly $460 million, as revealed today by its Executive Chairman, Michael Saylor.
Cathedra Bitcoin Inc. has unveiled a non-brokered private placement aimed at raising up to C$2.5 million ($1.85 million). The funds will be used for bitcoin purchases, infrastructure expansion, and general corporate needs.
In terms of which election outcome would be better for the crypto industry, VanEck offers a case that isn't so cut and dry.