SoSoValue's data showed that Bitcoin spot ETFs experienced a total net outflow of $91.76M on Oct. 2nd, and the net asset ratio settled at 4.64%. Fidelity's Bitcoin ETF (FBTC) led with a daily net inflow of $21.08M, while ARK 21Shares' ETF (ARKB) performed the worst with a total daily outflow of $60.28M.

A Standard Chartered analyst indicates that bitcoin may decline further by the weekend, but says it could be a buying opportunity.

While some count their cents, the BTC whales swallow 50,000 bitcoins in one go. A big fish in sight?

Bitcoin just fell sharply as October begins, a month that traders usually see as a bullish month with an average gain of 22%. The price has dropped nearly $5,000 and is now sitting at $60,798. Despite the current market downturn, there's a silver lining for Bitcoin.

Trader Peter Brandt recently pointed out that Bitcoin (BTC) might be forming a "three blind mice" chart pattern, which could signal a potential price slump in the near future.

On-chain data shows the Bitcoin long-term holders have seen their supply register a sharp net increase over the past month. Bitcoin Long-Term Holder Supply Is Rapidly Growing Right Now As explained by CryptoQuant community manager Maartunn in a new post on X, BTC supply has recently been maturing into the long-term holder cohort.

Amid the rising tensions between Israel, Iran, and Lebanon, crypto and global markets are bleeding heavily. The downfall has wiped out 10% or $230M of the total crypto market cap in the last five days. Leading to massive liquidations, Bitcoin traders lost more than $200M in long positions.

Tesla billionaire Elon Musk has warned the U.S.

Bitcoin investment firm Metaplanet said it sold 233 BTC put options and earned a premium of 23.97 BTC, according to an Oct. 3 statement. The firm stated it sold 223 contracts for $62,000 BTC put options, set to expire on Dec. 27, 2024.

The company strengthens its bitcoin position with a strategic options sale, generating nearly 24 BTC ($1.4M) in premium.

While it is no secret that Robert Kiyosaki, a prominent investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,' is an enthusiastic proponent of Bitcoin (BTC), despite being somewhat of a latecomer to it, he has recently explained why he believes it will bring about the end of fiat currency.

Franklin Templeton submitted a Bitcoin and Ethereum index ETF (exchange-traded fund) proposal to the US Securities and Exchange Commission (SEC).

North Carolina's Bitcoin community is launching a search-and-rescue operation on October 4 to aid overlooked areas affected by Hurricane Helene, focusing on western North Carolina communities with limited state and federal support.

Metaplanet has upped its Bitcoin acquisition pursuit by entering a put options deal with QCP Capital.

Bitcoin mining profitability has reached alarming lows, according to a recent report from J.P. Morgan. Analysts Reginald L.

The chief executive of crypto investment firm Galaxy Digital says that one new factor could be a huge bullish catalyst for Bitcoin (BTC). In a new interview on CNBC's Squawk Box, billionaire Mike Novogratz says options trading for spot market Bitcoin exchange-traded funds (ETFs) could send the flagship crypto soaring.

Global banking network SWIFT is set to trial live transactions involving digital currencies and tokenized assets next year, marking a significant advancement in integrating these assets into the mainstream financial system. What Happened: SWIFT's initiative aims to streamline trading by using blockchain-based tokens to represent traditional assets like bonds.

Bitcoin price is currently retesting a crucial support level around $60.6k, which must hold to avoid further bleeding in the near term.

Bitcoin's recent price movements have shown increased volatility, with $272 million in liquidations over the past 24 hours, reflecting broader market trends and trader behavior. Over the past 48 hours, Bitcoin fell from $62,000 to a low of $60,000, marking a roughly 3% decline.

Bitcoin is down at writing, slipping roughly 8% from September highs. After two days of losses, BTC is starting Q4 2024 on the wrong footing, with the real risk of prices sliding below $60,000 and back to September and August lows.

The Tokyo-listed firm said it earned 23.972 BTC through bitcoin put options sale, bringing its total holdings to 530.717 bitcoin.

BTC price support may be at risk of a breakdown, but Bitcoin market perspectives see "bullish market structure" prevailing.

The Tron blockchain set a new record in Q3 of 2024, recording record revenues of $577.2 million, according to the latest news.

Samson Mow, a vocal Bitcoin proponent and CEO at JAN3, a company focused on BTC adoption in nation-states, has published a tweet about BTC and its prospects. In it, Mow sends a clear message that he remains bullish on the world's pioneer cryptocurrency.

The Bitcoin price is continually being buffeted, as tensions in the Middle East rise once again. With the Israeli response still to come, after Tuesday's Iranian missile barrage into Israel's territory, there could be more rough seas to come for Bitcoin.

Expectedly, XRP is today's biggest loser.

Metaplanet, the firm that has earned the title "Japan's MicroStrategy," has secured an additional 23.9 Bitcoin (BTC) as part of its Treasury Allocation push. The firm shared the update on the X platform, revealing that it earned this much BTC by selling put options.

Despite geopolitical tensions and regulatory challenges, Bitcoin maintains stability above $61,000 while altcoins face varying pressures in a cautious crypto market.

Japanese investment firm Metaplanet acquired 23.97 Bitcoin from an options transaction with QCP Capital, a Singapore-based digital asset trading firm, bringing Metaplanet's total Bitcoin revenue at 530.72 BTC. In the company's Oct.

Cathie Wood's most recent price target for Bitcoin is even higher than the target issued by her own firm.

Momentum is building in Washington for the establishment of a U.S. strategic Bitcoin reserve, as lawmakers from both parties see potential benefits in securing the nation's foothold in the digital asset economy.

The global crypto market is facing heavy selling pressure, driven by rising geopolitical tensions and large ETF outflows, just as many were expecting a bullish October. Bitcoin, in particular, has dropped over $5,000 from its recent high of $66,000.

The famous trader Peter Brandt has just issued a warning that sends chills through the crypto world. According to him, Bitcoin could soon plunge into a prolonged bearish trend, based on a mysterious trading model called "the three blind mice.

Bitcoin, the world's most well-known cryptocurrency, is facing a challenging beginning. After a generally positive history for Bitcoin in October, this year's early days are marked by a noticeable drop in its value.

Customers of one of America's largest banks had a fright this week when they found zero balances on their accounts.

U.S. spot Bitcoin exchange-traded funds experienced a second consecutive day of outflows on Oct. 2, as Bitcoin's price dropped below $61,000, driven by escalating tensions in the Middle East. According to data from SoSoValue, the 12 U.S.

As Bitcoin (BTC) heads into its typically bullish fourth quarter, analysts at CryptoQuant say that while positive seasonality.

Political tension in the Middle East reached its worst point on Tuesday night when at least 200 ballistic missiles from Iran struck Israel. Most peace-loving minds are disturbed, as they worry about the possibility of this tension escalating into a global war – World War 3.

Willy Woo notes Bitcoin's market structure remains bearish mid-term but could transition to bullish.

Analyst and trader Justin Bennett is issuing a warning on Bitcoin (BTC) amid the flagship crypto asset's single-digit correction over the past couple of days. Bennett tells his 111,500 followers on the social media platform X that Bitcoin could fall below $60,000 before trending higher.

Japanese investment firm Metaplanet said it generated 23.9 Bitcoin ($1.4m) in premium income from selling 223 Bitcoin put options to QCP Capital, a Singapore-based digital asset trading firm.

Bitcoin price has dropped $4,000, driven by escalating geopolitical tensions and significant ETF outflows. While large investors (whales) hold back due to low profits, the uncertainty could keep Bitcoin below key support levels in the near term.

Whale accumulation of Bitcoin amid market downturn suggests confidence in its long-term value, potentially stabilizing the crypto market. The post Bitcoin holds steady at $61K as whales buy despite geopolitical tension appeared first on Crypto Briefing.

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Market Overview: In the past day, the value of the world's cryptocurrency market has dropped to $2.14 trillion, a loss of -1.07%. This decrease is accompanied by a steep loss in trading volume, which is down -20.21%, amounting to $92.17 billion in 24-hour volume.

US spot bitcoin ETFs recorded net outflows of $91.76 million on Wednesday, with Ark and 21Shares' ARKB leading the outflows.

October is typically a month filled with optimism for Bitcoin (BTC) enthusiasts, often referred to as “Uptober.” This nickname combines “up” with “October,” highlighting the belief that Bitcoin prices tend to rise during this time.