Bitcoin (BTC) is on track to experience its longest period of sideways trading during a halving year if it doesn't show significant upward movement within the next 14 days. According to a dashboard shared by CryptoQuant CEO Ki Young Ju, the longest time BTC took to rise was 298 days.
Back in February, renowned macro guru Raoul Pal, famous for his bold predictions about the crypto market, predicted Bitcoin (CRYPTO: BTC) could skyrocket to $250,000. Ethereum (CRYPTO: ETH), he added, could reach between $15,000 and $20,000 while Solana (CRYPTO: SOL) might climb to between $750 and $1,000 within the next 18 months.
This week has turned out to be a pessimistic one for the Spot Bitcoin Exchange-Traded Funds (ETFs) as the historic products have experienced consistent negative outflows in the past few days in light of recent price swings.
For an extended period, Exodus Wallet has been a top choice among Bitcoin wallets, known for its dependable security and user-friendly operation. Nonetheless, emerging wallets are entering the scene, introducing innovative features and appealing incentives.
With nearly $16 billion worth of Bitcoin in the bank, MicroStrategy's Michael Saylor shares big plans ahead for BTC.
Despite Bitcoin's (BTC) impressive price recovery, asset management giant BlackRock made a significant move that caught the attention of crypto enthusiasts. Recently, the blockchain-based transaction tracker Lookonchain made a post on X (previously Twitter) that BlackRock sold 182 BTC worth $11.34 million.
The cryptocurrency market is witnessing contrasting trends between Bitcoin and Ethereum ETFs, highlighting a divergence in investor sentiment. Recent data reveals that Bitcoin ETFs have seen substantial inflows totaling $204.7 million, while Ethereum ETFs experienced outflows amounting to $9.69 million.
In an unprecedented move, Australian Computer Scientist Dr. Craig Wright has filed another legal claim against Bitcoin Core developers. As spotted by BitMEX Research, the Caseboard legal suit tracker showed that Craig Wright filed the case on October 10, 2024.
Bitcoin increased by 3% reaching $62,400 as the S&P 500 hit a record high of 5819, reflecting strong market optimism. The post Bitcoin rises 3% as S&P 500's hits all-time high appeared first on Crypto Briefing.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
The answer to why institutional support is growing for bitcoin products and services is fairly simple: Wall Street found the money.
Inflationary pressures have once again come under the spotlight as the U.S. released its latest Producer Price Index (PPI) data on October 11, 2024, for the month of September.
Bitcoin's (CRYPTO: BTC) recent price fluctuations won't deter crypto trader Astronomer Zero's bullish outlook on the crypto king supported by highly accurate signals. What Happened: Astronomer Zero stated that all his analyses are still valid despite the recent market fluctuations.
The crypto wallets of Mt. Gox still hold 2.8 billion dollars in Bitcoin awaiting distribution.
QCP Capital analysts remain optimistic about a potential "Uptober" rally for bitcoin, provided it maintains support above the $60,000 level.
Bitcoin's price has shown resilience by staying just above the $62,000 mark, despite uncertainty in the market. Minor fluctuations have kept the price within a predictable range, while traders and investors await a potential breakout. The key resistance level remains at $65,000, a psychological threshold that could signal new upward momentum if breached.
A closely followed crypto strategist is issuing a warning about Bitcoin (BTC) after the flagship digital asset dipped below the $60,000 range on Thursday. Pseudonymous analyst Credible Crypto tells his 424,500 followers on the social media platform X that Bitcoin needs to hold $58,000 as support to avoid plummeting much further.
MicroStrategy's Bitcoin bank ambitions could reshape financial markets, influencing corporate strategies and potentially driving Bitcoin's mainstream adoption. The post MicroStrategy stock soars 10% as it pursues Bitcoin bank ambitions appeared first on Crypto Briefing.
Bitcoin is at a crossroads right now, and whales might have something to do with it!
A recent HBO documentary has reignited discussions about Bitcoin's mysterious creator, Satoshi Nakamoto, with speculation that developer Peter Todd may be behind the pseudonym.
What are miners actually planning for going into the near term future?
An unexpected discussion about the title of the most notorious Bitcoin critic emerged today, sparked by Peter Schiff's commentary on a new documentary on HBO. Schiff, a widely recognized figure in the Bitcoin (BTC) community as a main antagonist of the cryptocurrency, was quick to point out his conspicuous absence from the film.
Bitcoin's post-CPI price action has been a remarkable show of strength from the bulls.
Buyers seem that they are not going to give up easily, according to CoinStats.
Mt. Gox now has another full year to repay billions of dollars in Bitcoin to users of the hacked exchange. Here's why BTC is now rising.
Bitcoin, the leading cryptocurrency, is currently experiencing a period of notable volatility. After recent fluctuations in price, many investors are wondering what lies ahead for this digital asset.
Mt. Gox-linked crypto wallets still hold $2.7 billion of bitcoin after having distributed nearly $6 billion worth of assets to creditors earlier this year, Arkham data shows.
As Schiff voiced discontent over his omission, the quest for Nakamoto's true identity grew ever more complex.
American multinational investment giant BlackRock has extended its lead as the world's dominant asset manager with an $11.5 trillion Asset Under Management (AUM) milestone. As revealed in its third-quarter earnings report, the company said its AUM jumped $2.4 trillion year-over-year, driven by net inflows of $456 billion and positive market movements.
MicroStrategy is the largest corporate Bitcoin holder, owning 1.2% of Bitcoin's 21 million supply, with a vision to evolve into a Bitcoin-focused merchant bank.
The price of major cryptocurrency Bitcoin (BTC) is once again the main attraction, as it always is, to be honest. New day, new reason, and this time it is the fact that the price has made its way back above the crucial level of $60,000 per BTC.
Bitcoin as a pillar of the transformation of MicroStrategy into a trillion-dollar company
In a recent interview, MicroStrategy's founder and executive chairman, Michael Saylor, unfolded his audacious vision for the company's future. He wants to make this company the largest Bitcoin bank.
TL;DR $1.61 billion worth of Bitcoin and Ethereum options are set to expire today, potentially causing market volatility. Maximum pain points are set at $62,000 for Bitcoin and $2,450 for Ethereum, indicating possible price movements. Analysts expect increased trading activity and new opportunities amid market uncertainty.
As the trade stepped into the last quarterly trade, the market dynamics were believed to turn bullish. The Bitcoin price was believed to regain $66,000 and further test the crucial resistance at $68,500, which would have paved the way for a new ATH.
Some "components of this cycle, such as altcoin seasons or bull runs, might have different timelines than we're used to seeing," an analyst said.
The recent court ruling affirms that the U.S. government holds rights to 69,370 Bitcoins, valued at approximately $4.38 billion, which were seized from the Silk Road dark web market.
Bitcoin has once again grabbed the spotlight, with exchange-traded funds (ETFs) seeing an extraordinary surge in investments. On October 8, Bitcoin ETFs attracted a remarkable $235.2 million in fresh inflows, signaling a growing appetite for the cryptocurrency.
Michael Saylor, co-founder and executive chairman of MicroStrategy, has taken to his account of the X social media network to issue a regular Bitcoin-themed tweet with an image. This time, however, the topic of his tweet is not only BTC.
The Bitcoin market continues to see a lot of noisy behavior, and this past week was just more of the same. Ultimately, this is a situation where the markets are going to continue to focus more on short-term moves.
Some investors are all-in on this cryptocurrency's potential future. Find out why, and what their bullish arguments mean for ordinary investors.
Crypto Market Today: The crypto industry has shown stability over the previous day, with the global market cap now sitting at $2.14 trillion. While, the investors remain cautious, as the Fear & Greed Index is at 37, signaling the presence of fear.
China to announce fresh fiscal stimulus measures on Saturday that could inject fresh liquidity into risk assets, including bitcoin, analysts said.
Bitcoin appears to take a hot PPI print in its stride after a 4% BTC price recovery.
A total of $1.1 billion worth of Bitcoin ($BTC) options are set to expire today, October 11, 2024, while an additional $510 million worth of Ethereum ($ETH) options contracts are to expire as well, injecting uncertainty into the cryptocurrency market that's already set to deal with a $1.3 billion earthquake.