Overbought conditions also surely played a role in bitcoin's Monday decline.

Bitcoin and stocks experienced one of their best Septembers in years, and analysts cite factors that could support further risk-on sentiment.

The cryptocurrency market is buzzing with excitement as Bitcoin, the world's leading digital currency, shows signs that it may be on the verge of a significant bull run. Recent analysis suggests that various economic factors could contribute to this upward trend.

Popular investment influencer Gary Cardone has voiced regret over his choice to invest in real estate instead of Bitcoin.

Cryptocurrency Market Overview: The market capitalization of the industry has dropped to $2.24T due to a slump in Japan and the worldwide market, which saw losses of 2.32% in the last day. With a 51.42% increase in 24-hour volume to $69.28 billion, trading activity has soared.

Bitcoin is currently in a consolidation phase within a sideways price range. This kind of movement might be repeating a historical pattern, where Bitcoin cools off on smaller time frames after reaching overbought territories. However, there's no indication yet of a significant breakout.

Bitcoin's price has entered a critical juncture, with the leading crypto asset showing signs of consolidation after a sharp sell-off from its high of $66,000. On September 30, 2024, the price stabilized around $63,682, supported by mixed technical indicators across various timeframes.

“The trends we are observing indicate that the market is increasingly receptive to digital assets," an analyst told Decrypt.

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 30, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin (BTC) is on the brink of reaching the much-anticipated price level of $70,000. With positive momentum building, many investors are eagerly watching how this key digital asset will perform in the coming days.

On October 10, Christie's London will host an auction featuring “Ascend,” a unique dynamic digital artwork created using Bitcoin's Ordinals protocol.

An interesting pattern appeared on Bitcoin's chart, hinting at a rally towards the $80k mark.

Significant selling pressure appears to be present right now for Bitcoin, especially on Binance, where major futures players appear to be actively pushing the price lower. With whales influencing the direction of Bitcoin, the current price action indicates bearish sentiment that raises the possibility that the price may move toward important support levels.

Taiwan's Financial Supervisory Commission (FSC) has taken a landmark decision, allowing professional investors to gain exposure to cryptocurrency exchange-traded funds (ETFs), including Bitcoin ETFs. This move comes amid rising global demand for crypto investment products, especially in the U.S., where Bitcoin ETFs have garnered significant attention.

Despite the gains, there're some worrying signs ahead of Uptober.

Inflows into crypto-related investment products continued for the third consecutive week, with $1.2 billion flowing into the sector, according to CoinShares' latest weekly report. James Butterfill, CoinShares' head of research, attributed the strong inflows to expectations of a dovish US monetary policy and positive market momentum.

Bitcoin spot ETFs recorded one of the highest weekly inflows as the price of Bitcoin (BTC) rallied last week. It appears that both retail and institutional investors have been getting more bullish on the digital asset.

The crypto market, led by Bitcoin and altcoins, is going through a turbulent phase. After a notable rise last week, the market abruptly shifted, plunging many investors into uncertainty.

Bitcoin is on the verge of a potentially explosive move that could see the liquidation of billions in short positions. As bullish signals continue to dominate, market participants brace for a massive short squeeze, which could reshape the current crypto landscape.

Is Bitcoin still experiencing bullish sentiment despite the recent price dip?

U.S. Bitcoin ETFs have expanded their BTC holdings aggressively in the last eight months. Since launching in January 2024, twelve funds have steadily accumulated Bitcoin, collectively reaching 4.68% of the global supply.

The U.S. data, due Tuesday, has triggered 10% price drops in the first week of the past three months, 10x Research said.

Crypto investors will be watching two major macro developments this week that includes the Fed Chair Jerome Powell speech and the upcoming US non-farm payrolls report on Friday.

Zach Bradford also saw the U.S. election impacting bitcoin's price but said it was less about who wins and more about it being over.

BTC dropped to a multi-day low of just over $63,000.

Bitcoin (BTC) dipped below the $65,000 level early today after registering a drop of almost 2.50% over the past 24 hours and is currently trading just below the $65,000 mark. Spot Bitcoin ETFs also registered a surge in inflows, attracting around $449 million, fueling even further demand as speculation about a rate cut and soft US landing bets.

Bitcoin price trades at $64.4K after losing 1.96% in the last 24 hours. BTC continued to stay in the greed zone in the market.

After reaching a multi-week high of around $66.5k last Friday, Bitcoin's (BTC) price has suffered low bullish momentum. The flagship coin has dropped over 3 percent in the last three days to trade around $64.5k on Monday during the mid-London session.

Bitcoin, the largest crypto asset appears to be experiencing heightened optimism among investors as evidenced by the consistent decline in the digital asset's balances on several cryptocurrency exchanges.

Many expect a recovery of Ethereum, but for now, there is still no clear sign that it is about to happen.

Many believe that Bitcoin (BTC) is on the verge of a massive breakout, signaling the start of a bull market. Analyst Crypto Rover even gave an exact timeframe of when this “bull run” will start: Sept. 30 to Oct. 4.

As Bitcoin prepares to break through the top of its bull flag, or perhaps be rejected once again, both Ethereum and Solana are starting to turn the tables on the number one cryptocurrency. If $BTC can hold firm, is this the time when the major altcoins will start to steal the show?

Bitcoin enthusiasts eagerly awaiting the next bull run might have to manage their expectations, as a new report suggests that the market may not reach new all-time highs anytime soon. According to on-chain analytics platform Santiment, the social sentiment surrounding Bitcoin has grown excessively optimistic, which could act as a barrier to future price surges.

Bitcoin traders' BTC price bets stay firmly bullish as volatility slides back into the September monthly close.

While Bitcoin dominance is struggling to break its resistance level, altcoins are seeing a rise. Well-known crypto analyst Crypto Rover suggests that Bitcoin might be headed for a major drop, which aligns with previous market behavior after Bitcoin halvings.

As Bitcoin becomes more institutionalized, some argue that it is losing ties to its founding principles of decentralization.

After exceeding the expectations of most market participants this September, Bitcoin, the leading cryptocurrency, might now be on track to record stellar gains in the fourth quarter of the year.

As the crypto market drops to $2.20T momentarily, the bearish influence is increasing again. The BTC price is back below $65k, and the Ethereum sell-off continues, dropping ETH to $2,630.

After all bitcoins are mined, miners will rely on transaction fees to validate and secure the network while bitcoin's use will expand beyond payments.

Bitcoin has crossed the 160-day threshold since the last halving event, which historically marks the point where major upward price movement begins.

Taiwan's topmost financial securities regulator – the Financial Supervisory Commission (FSC) – stated that professional investors will be able to invest in cryptocurrency exchange-traded funds (ETFs), including Bitcoin ETF, via a re-entrustment method. The development comes as Chinese lawmakers propose a cautious crypto shift amid the rising demand for spot Bitcoin ETFs in the market.

The total crypto market cap has dropped to $2.370 trillion.

Crypto analyst Astronomer (@astronomer_zero) posits a strong bullish outlook for Bitcoin in the fourth quarter of 2024. Leveraging historical data, Astronomer provides an analysis via X, suggesting an 82% probability of an ultra bullish trend based on the performance of Bitcoin in September.

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is setting its sights on matching Bitcoin's (BTC) impressive market value. Currently priced at about $2,634, Ethereum's market cap stands at approximately $318 billion, significantly trailing Bitcoin's staggering $1.298 trillion.

At the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing, former Chinese finance minister Lou Jiwei called on China to keep a close watch on cryptocurrency advancements, according to a recent report by Josh O'Sullivan for Cointelegraph.

Bitcoin on the rise! However, this increase could be jeopardized by investors if they do not adopt the right approach.

High market optimism may delay Bitcoin's peak, potentially leading to a correction despite favorable macroeconomic conditions. The post Bitcoin peak on hold as market sentiment remains high appeared first on Crypto Briefing.