Peter Brandt, a veteran trader with over 50 years of experience on the financial markets, including crypto, has shared a new outlook on the price of Bitcoin (BTC), predicting a major rise for the major cryptocurrency.

Crypto investment products have seen a surge in inflows, reaching $2.2 billion throughout last week, according to a report by CoinShares. This marks the largest weekly increase since July 2024.

The Bitcoin price briefly touched a high of $69,227 earlier today, during European trading hours.

TL;DR Record-Breaking Hashrate: Bitcoin's network hashrate reached an all-time high of over 769.8 EH/s as of October 21, 2024, enhancing the blockchain's security and resilience. Economic Strain on Miners: Despite technological advancements, miners face economic challenges with high operational costs and reduced revenues, prompting them to explore new strategies and renewable energy sources.

With Bitcoin (BTC) hovering below $70,000, the record-breaking futures open interest may offer clues about its next price movement.

Global regulators have intensified their efforts against Bitcoin, with researchers from the Federal Reserve Bank of Minneapolis and economists at the European Central Bank (ECB) making bold recommendations to “eliminate” the leading crypto. Feds proposes Bitcoin ban On Oct.

Bitcoin's 7-day moving average (7DMA) hash rate surpassed 700 EH/s for the first time, marking a 13% increase since April's halving.

After a period of stagnation and downtrend, the perpetual market of Bitcoin has experienced a brief rebound in the past few weeks. With traders cautiously bullish about the crypto asset's near-term potential, this comeback was followed by a period of elevated volatility and price consolidation.

The altcoin market capitalization broke above a resistance, which could kickstart an altcoin season.

A Trump victory almost certainly ensures only one outcome – that crypto securities continue to flourish unchecked.

With the crypto market preparing to become bullish, people are starting to bet on who will perform better among Bitcoin, Ethereum, and Solana.

Spot Bitcoin ETF inflows can have a delayed effect on the BTC price, which takes a couple of days to materialize, according to market analysts.

The network's mining difficulty is also nearing a record high, projected to rise by at least 4.17% to 95.88 T on October 22.

Last cycle, there was a famous trader who would put an enormous number of $69,000 to the price of Bitcoin and his latest aspiration is that it would be $100,000 by the year 2024.

The Federal Reserve Bank of Minneapolis suggested that Bitcoin should be banned or taxed to help governments maintain permanent deficits and prevent fiscal imbalances.

“Elvis Side $Btc” is a collection of 1,935 generative images featuring Elvis Presley. Each piece of art captures the spirit of the legendary musician uniquely in ordinals.

Bitcoin derivatives have reached new heights as open interest (OI) in Bitcoin futures hit an all-time high of $40.5 billion on October 21, according to a report from CoinGlass.

An anonymous Bitcoin (BTC) whale from the Satoshi era has awoken after 13.4 years of dormancy and made its first transaction, according to a report by Whale Alert. The wallet with the address "1FoicoWy" has been inactive since 17 June 2011, when it received a 20 BTC portion of a 1,033.96 BTC transfer between two anonymous wallets, which involved 51 empty wallets, of which "1FoicoWy" was one.

The cryptocurrency market has shown strong upward momentum, gaining 1.79% in market capitalization, now standing at $2.38 trillion. Alongside this, 24-hour trading volumes have surged by 65.13%, reflecting heightened trader activity.

Rising Trump odds and pro-crypto policies from the Harris campaign are helping to fuel bullish bitcoin sentiment, according to Bernstein.

The Bitcoin (BTC) weekly candle closed at a price of $69,000, which is above the top of its bull flag, and on par with the all-time high of the previous bull market in November 2021. This excellent close could inspire the bulls to push the $BTC price higher over the course of this week.

Data from Glassnode, an on-chain data analytics and intelligence platform, reveals that BTC has more holders now than ever before. The asset's illiquid supply has steadily increased for months, according to Glassnode.

It might sound like a conspiracy, but central banks are almost certainly already buying Bitcoin. Here's why: Hedging Against Their Own Policies Nearly all countries are up to their ears in debt.

European Central Bank (ECB) mentioning $10 million market value for Bitcoin as plausible takes the crypto community by storm. Notable, ECB believes that Bitcoin price has no reasonable basis in the traditional economic sense, and its price is highly volatile and difficult to predict.

Bitcoin Exchange-Traded Funds (ETFs) have recorded over $20 billion in inflows during their inaugural year, outpacing Gold ETFs by a staggering tenfold. This significant milestone highlights a growing enthusiasm for digital assets, positioning Bitcoin firmly within the investment landscape.

The year 2024 could become a key milestone in the history of bitcoin, with projections placing this famous cryptocurrency beyond $80,000. As November quickly approaches, analysts and experts see clear signs of an imminent explosion in macroeconomic indicators and graphic trends.

Analysts are noticing a big change in Bitcoin's market signals, with an important indicator about to flip from red to green. This change suggests that a massive bullish wave may soon emerge. According to analyst Josh of Crypto World, the super trend indicator is on the cusp of flipping back to green.

Bitcoin (BTC) remains on a bullish trajectory, with a potential surge to $71,000 in view.

The growing Bitcoin hashrate and block reward reduction from the Bitcoin halving could lead to miner consolidation among smaller firms.

The SEC has approved options trading for spot Bitcoin ETFs on NYSE American and Cboe Exchange, potentially attracting more institutional investors and improving market efficiency.

In a recent working paper, the Federal Reserve Bank of Minneapolis has sparked debate by recommending that governments consider banning or taxing Bitcoin to address ongoing primary deficits. Released on October 17, the paper suggests that such measures are necessary for maintaining fiscal responsibility and effective monetary policy. The authors, Amol Amol and Erzo G.J.

SOL, LINK, ADA, UNI, and ETH have gained the most from the larger-cap alts.

Despite the institutional investors favoring Bitcoin over Ethereum as shown by the US spot ETF market, the latter has outshined the former in the recent bullish breakout.

Bitcoin achieves its highest weekly close in four months as BTC price predictions see $70,000 and more after a support retest.

Jamie Dimon, the CEO of JPMorgan Chase & Co. (NYSE:JPM), has not shied away from exhibiting his disdain for Bitcoin (CRYPTO: BTC) and has used public platforms to target the leading cryptocurrency over the years. What happened: One of many such attacks came at the Institute of International Finance event (IIF) in October 2021, during which Dimon questioned the very foundations of Bitcoin technology — its hard cap of 21 million.

ECB paper claims Bitcoin impoverishes non-holders, sparking controversy and plans for rebuttal from the cryptocurrency community.

Solana's SOL led gains in leading digital assets in the past 24 hours as risk-on sentiment pushed the market higher. PLUS: The impending U.S. election contributes to increased volatility, with some expecting more gains for bitcoin in the days ahead.

Bitcoin breaks past $69,000, triggering a market-wide rally and sparking optimism among investors as institutional interest grows and the US presidential election approaches.

The Federal Reserve Bank of Minneapolis recently released a paper that suggested governments should ban or tax Bitcoin in order to maintain primary deficits. In a working paper recently published by the Minneapolis Feds on Oct.

Bitcoin and Ethereum witnessed yet another phase of short liquidations, bringing bullish momentum to the assets. According to data provided by Coinglass, the total crypto liquidations reached $138.23 million as bullish sentiment dominates the market.

A sudden surge in Bitcoin's value has left thousands of traders counting their losses, with $135 million wiped out in liquidations over just 24 hours.

Jason Lowery's book ‘Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin' has been retroactively subjected to a security and policy review by the Department of Defense (DoD), affecting its distribution and availability.

Bybit releases 15th proof of reserves, user Bitcoin assets up over 4.6% from September.

Several technical indicators for Bitcoin (BTC) flash a breakout above $70,000, as a number of key metrics have flipped on multiple positive signals.

Bitcoin has captivated the cryptocurrency world with a notable price increase, climbing nearly 10% over the last month. With the market experiencing a bullish trend, it is essential to explore the factors behind this upswing.

Amol Amol and Erzo Luttmer, both associated with the University of Minnesota and the Federal Reserve Bank of Minneapolis, published a working paper on October 17 titled “Unique Implementation of Permanent Primary Deficits?“ A permanent primary deficit refers to a fiscal situation where a government consistently spends more than it earns from its regular income

The crypto market is having a whale of a time in “Uptober” with Bitcoin ($BTC) trading around the $69,000 level. Historically, “Uptober” has been a month of significant gains, and this year, it looks like a similar trend will follow.