Bitcoin continues to capture attention as its hashrate reaches new heights while its price shows signs of resilience. Recent trends suggest that this divergence between hashrate and price might signal an impending price rally for the leading digital currency.
Recently, the U.S. Securities and Exchange Commission approved options trading for BlackRock's iShares Bitcoin Trust ETF. Many acclaimed cryptocurrency options trading experts have welcomed the approval. In his latest post, Jeff Park, the head of Alpha Strategies at BitWise Invest, expressed his hope that the approval will make a positive shift in the financial landscape.
Cryptocurrency News: The crypto space has shown positive movements since early Asian trading hours today. With the fear and greed index at a neutral score of 51, the global market cap of the industry is up 1.57% at $2.24 Trillion.
It made the rounds of X, but there are no confirmations, and the primary source does not seem particularly reliable.
With the global crypto market standing at $2.25 trillion, an increase of 1.86% over the last day, the bull run is gaining momentum. The Bitcoin price is currently trading at $63,869, for a 1.45% rise in the past 24 hours. The past week has been incredibly bullish for Bitcoin, increasing by 9.
A closely followed analyst says Bitcoin (BTC) bears are close to rolling over as the top crypto asset by market cap continues to show strength. Pseudonymous analyst Cred tells his 645,000 followers on the social media platform X that the $64,000 price level is the line in the sand for BTC bears.
Bitcoin is showing signs of outpacing gold in the near future, with the BTC/GLD ratio and Bitcoin's institutional adoption as key drivers.
Quantum Blockchain Technologies PLC (AIM:QBT) has reported significant progress in its bitcoin mining R&D programme during the first half of 2024. The company achieved key milestones with the development of its Asic UltraBoost and Asic Enhanced Boost, both aimed at enhancing mining efficiency.
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The cryptocurrency market is no stranger to wild swings, but today's sudden downturn has caught many investors by surprise. The flagship cryptocurrency, Bitcoin, slipped below $63,000, stirring concerns across the crypto space.
In a meeting that brought together two of the most talked-about figures in technology and politics, Salvadoran President Nayib Bukele visited Tesla's headquarters in Austin.
Analysts at VanEck have gone through a surprise flip by indicating that Kamala Harris's presidency could turn out to be better for Bitcoin (BTC) than a second term from Donald Trump.
Crypto experts are predicting that the price of Bitcoin (BTC) could explode in the latter stages of 2024.
Arthur Hayes, the co-founder of cryptocurrency exchange BitMEX, signaled interest in Australian rapper Iggy Azalea's memecoin Mother Iggy (MOTHER), owing to favorable macroeconomic conditions. What happened: In an X post late Sunday night, Hayes highlighted how Bitcoin (CRYPTO: BTC) remained stable over the weekend as the Japanese Yen weakened following the Bank of Japan's decision to keep its benchmark interest rates unchanged.
Bitcoin nears a potential breakout toward $77,500 amid key US economic data and China's stimulus moves, signaling bullish momentum in the crypto market.
BlackRock had been seeking approval for such a listing on the Nasdaq since March of this year following approval of multiple Bitcoin ETFs.
The crypto markets are very close to the last quarter, Q4, and historically, this quarter shows the highest returns for Bitcoin. The price managed to reclaim the 100MA, while the 200MA offers strong resistance.
Gold gains more than 5% in a fortnight, reaching a record high driven by rate cuts and geopolitical tension.
Bitcoin (BTC) price rallied over 8 percent last week to close above $63k following the ongoing economic shift triggered by the U.S. Fed's rate cut. Having successfully rebounded from the 50-week Moving Average (MA), Bitcoin price is now retesting the crucial resistance level above $64k.
Welcome to Latam Insights, a compendium of Latin America's most relevant crypto and economic news from the past week. In this issue, President Nayib Bukele announces a zero debt budget, a batch of Salvadoran coffee gets purchased using bitcoin, and Lightspark eyes the region's markets.
BTC neared $65,000 for the first time in four weeks.
The SOPR chart showed that price appreciation periods are naturally accompanied by holders taking profits.
Crypto Prices Today, September 23: The broader market illustrated a bag of mixed price actions today, garnering investor speculations globally. While Bitcoin (BTC) price held firm at the $64K mark, Ethereum (ETH), Solana (SOL), and XRP prices demonstrated mixed trajectories.
BTC continues rally on ETF inflows and MicroStrategy purchases. Kamala Harris's crypto support sparks political interest ahead of SEC testimony.
With much of the rate cut-related euphoria and speculation now in the rearview, crypto prices may take a pause, some analysts have forecast.
Bitcoin whales have started taking profit as price sees uptrends. Will BTC be able to maintain a positive trend with the current profit-taking?
Argentina tax officials and naval security officers say they have thwarted a major Bitcoin mining hardware “smuggling” ring.
Leading coins were among the gains Sunday overnight after Democratic presidential nominee Kamala Harris mentioned cryptocurrencies for the first time during her election campaign.
Bitcoin price gained pace above the $62,500 resistance. BTC even cleared the $63,200 level and is now consolidating gains above $63,500.
Ethereum (ETH) is showing signs of nearing a cycle low against Bitcoin (BTC), according to noted analyst Benjamin Cowen. With over 813,000 followers on his YouTube channel, Cowen has established himself as a key voice in the crypto community, and his latest insights suggest that a significant price movement may be on the horizon for ETH/BTC.
The SEC has approved options trading for BlackRocks iShares Bitcoin ETF on the Nasdaq, marking the first spot Bitcoin ETF with options in the U.S., potentially transforming Bitcoin risk management for institutional investors. Options on BlackRocks iShares Bitcoin Trust, an exchange-traded fund (ETF), can now be traded on the Nasdaq in the same way as options on other ETFs, thanks to a September 20th SEC approval.
Michael Saylor, CEO of MicroStrategy, has stirred the crypto world by revealing credible rumors that major US banks may soon provide Bitcoin custody services, potentially revolutionizing the intersection of traditional finance and digital assets. Michael Saylor, CEO of MicroStrategy, has revealed that large US banks would soon be able to hold Bitcoin in custody.
Bitcoin could reach $200,000 by the end of 2025, according to Standard Chartered, driven by economic conditions, ETF growth, and a potential change in US regulatory policies. No matter who wins the 2024 US presidential election, Bitcoin will probably have hit $200,000 by the end of 2025, according to Geoff Kendrick, global head of digital assets research at Standard Chartered, a cross-border bank, as noted by Cointelegraph.
As of today, Bitcoin is trading at $63,668, marking a significant rebound since it dipped to $52,546 earlier this month. This recent surge is not only impressive on a weekly scale but also reflects a 6.99% increase over the past month.
Bitcoin was the notable mover as it reached for one-month highs on Monday, sustaining its rally after the Federal Reserve's super-sized rate cut last week, while the yen and most other major currencies stagnated with Japanese markets on holiday.
As it has been doing for the past few months, the price channel that Bitcoin is trading inside is descending. When Bitcoin gets closer to the upper limit of this channel, which is around $70,000, the chance of another attempt to break through this level increases, but so does the chance of a drawback.
MicroStrategy CEO Michael Saylor has expressed strong optimism about the future of Bitcoin in light of recent developments in the cryptocurrency landscape. He believes that the introduction of options trading for Bitcoin exchange-traded funds (ETFs) will play a significant role in facilitating broader institutional adoption of Bitcoin.
Two individuals have been arrested for orchestrating a large-scale cryptocurrency heist, stealing over 4,100 bitcoins. Their complex laundering operation involved using multiple mixers and VPNs to cover their tracks. With the stolen funds, they lived lavishly, buying luxury cars and other high-end items. $230 Million Cryptocurrency Fraud Uncovered, Two Charged The U.S.
Investing in Bitcoin—or any cryptocurrency, for that matter—can feel like a daunting task, especially when faced with constant price changes. Understanding when to buy is vital, as it can significantly affect your overall returns.
The ETH/BTC pair had dropped to record lows, but is a bottom closer?
Jeff Park, head of alpha strategies at Bitwise Asset Management, is convinced that there is zero chance that Bitcoin ETF options will end up reducing the volatility of the underlying cryptocurrency.
An executive of Standard Chartered, Geoffrey Kendrick, has drawn attention in recent days in finance circles with an extremely vivid declaration that Bitcoin may reach $200,000 at the end of 2025.
A crypto analyst, Peter Brandt, forecasts the BTC/gold ratio to follow the inverted H&S pattern, suggesting a possible 400% surge in Bitcoin against gold.
Michael Saylor, co-founder and CEO of MicroStrategy, recently ignited excitement in the cryptocurrency community by sharing a bullish rumor about the potential for major U.S. banks to begin offering Bitcoin custody services. During a Wyoming Select Committee meeting on Blockchain Innovation, Saylor mentioned credible rumors indicating that some prominent banks might soon have the green light to hold Bitcoin on behalf of clients.
FBI agents just arrested two men accused of carrying out a heist that saw one victim lose about a quarter of a billion dollars worth of Bitcoin (BTC). The U.S.
It's a BIG number. Is it realistic?
Bitcoin's rally to $64,000 increased traders' interest in altcoins like AVAX, SUI, TAO and AAVE.