A $10 billion surge in stablecoin minting over the past weeks has flooded the crypto market with liquidity, Thielen noted.

Yesterday, Germany founded the Bitcoin Federal Association in the German Federal Parliament, the Bundestag.

According to CryptoQuant CEO Ki Young Ju, Bitcoin won all the "FUD" this year. FUD stands for fear, uncertainty and doubt.

The rise came immediately after Bolivia's central bank lifted a 42-month ban on cryptocurrency payments, allowing financial entities to conduct transactions with digital assets.

As recently reported by Arkham Intelligence, BlackRock - the giant hedge fund with over $10 trillion in assets under management - bought more Bitcoin (BTC) this week than any ETF issuer has sold in the past three weeks. The purchases were made for BlackRock's own IBIT spot Bitcoin ETF and totaled the equivalent of $388.19 million over the past four days.

Samson Mow, an eager Bitcoin supporter and the chief executive officer at JAN3, responded to a bullish BTC tweet published by his former boss, BlockStream CEO Adam Back.

BTC price activity gets market observers excited as Chinese stocks see their best week in sixteen years.

As Bitcoin (CRYPTO: BTC) marked its comeback above the $65,000 mark, technical analysts debate the chances of a brief dip before a resumption of the uptrend. What Happened: Pseudonymous analyst Emperor noted that Bitcoin has crossed the $65,000 mark and anticipates prices may stall temporarily due to the presence of the all-time high volume-weighted average price (VWAP), represented by a red line on the chart.

Here's the status of altcoin season as Bitcoin dominance faces key roadblock

Fund flow into Bitcoin (BTC) linked exchange-traded funds (ETFs) suggests US investors are bullish on the crypto. On Thursday alone, they poured $365 million into spot Bitcoin ETFs, pushing this week's total over $600 million.

Bitcoin is up 22% in the last three weeks as demand from U.S. investors gradually increased, pushing prices above pre-August crash levels.

Key points:

The security exploit, which has been “handled,” saw Bedrock lose $2 million after an attacker was able to swap ETH for BTC like-for-like.

This means that the bank can officially hold and protect Bitcoin for its customers, making it one of the first major banks to provide this service. For people and companies who own Bitcoin, this is like having a safe place to store their digital assets.

Bitcoin's price is currently oscillating near $64,500, a key resistance level that has proven difficult to surpass. For over six months, a descending resistance line has been capping Bitcoin's upward momentum, and it still remains just under the $68,000 mark.

The cryptocurrency market surged Thursday, extending the rise sparked by the Federal Reserve's first interest rate cut in more than four years. The rally was spearheaded by popular dog-themed memecoin Shiba Inu, which spiked more than 20% in the last 24 hours, touching levels not seen since mid-June.

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According to Polymarket traders, Bitcoin (CRYPTO: BTC) is almost guaranteed to remain above $60,000 until the end of the month but even hitting $70,000 seems a possibility after the latest rally. What Happened: Polymarket traders assign a 97% chance of Bitcoin trading above $60,000 on noon of Oct.1.

Options on the IBIT spot bitcoin ETF changes how institutional investors might interact with the underlying asset, analysts say.

The Wall Street titan, the world's largest asset manager, now hold approximately 1.70% of the total available Bitcoin.

Ethereum is in turmoil as it reels from a 40-month low against Bitcoin. With these factors at play, smart investors are looking for the next best things. One of them is Rexas Finance, alongside Solana, and Dogecoin which are some of the most rewarding places to invest in the crypto space.

U.S. spot Bitcoin exchange-traded funds (ETFs) experienced substantial net inflows on Thursday, totaling $365.57 million, marking the largest daily inflow since late July.

The personal consumption expenditure (PCE) price index in the United States cools further to 2.2%, reported the U.S. Bureau of Economic Analysis on Friday. Experts such as Matrixport and QCP Capital forecast a Bitcoin price breakout for a massive rally in Q4.

“The new inflow of cash could indirectly push up the price of bitcoin, particularly in the long term perspective,” one analyst said.

MicroStrategy was shot into the limelight when it began publicly buying Bitcoin back in 2020. While it is not the only publicly listed company to do this, the company's aggressive Bitcoin strategy set it apart from the rest.

Bitcoin gained by 3%, trading at $65.3K. BTC has entered into the greed zone in the market.

Cryptocurrency Market Overview: The overall market capitalization of cryptocurrencies worldwide has increased by 1.75% in the last day to reach $2.3 trillion, indicating that the market is still on the rise. The 24-hour volume increased 31.14% due to increased trading activity, reaching $89.75 billion.

Raoul Pal, former Goldman Sachs executive and prominent crypto enthusiast, shared insights into his current crypto investment strategy, which led to a rather interesting back-and-forth with Michael Saylor, CEO of MicroStrategy and a big supporter of Bitcoin.

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 27, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

What is driving the recent surge in Bitcoin ETFs and Bitcoin's price?

Gary Gensler refuses to comment on Trump's Bitcoin reserve. What is this silence hiding?

IOTA could ride the real-world assets surge and decentralized finance traction to gain. Meanwhile, as cryptocurrency prices rise amid Bitcoin's surge to $66k, altcoins such as Kava (KAVA) and Enjin (ENJ) could follow suit. Bitcoin spot ETFs record $366m in net inflows US spot Bitcoin ETFs saw $365.

Last Wednesday, a massive new acquisition by BlackRock shook the bitcoin market, with an impressive purchase of 2,913 BTC, representing $184.3 million. This move comes in the context of a rebound in inflows to exchange-traded funds (ETFs) in the United States, an undeniable sign of growing interest in bitcoin.

In a recent interview with CNBC, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler reiterated the critical need for trust in the cryptocurrency industry, drawing parallels between crypto and historical innovations like the automobile.

Bitcoin (BTC) is currently navigating a critical support level at $64,000, a threshold that could shape its price trajectory in the weeks ahead. After briefly touching a peak of approximately $64,755, the price has dipped below this crucial mark, signaling a moment of potential volatility.

"The likelihood of a Q4 rally is exceptionally high, with gains likely front-loaded," 10x Research said in an analyst note.

BNY Mellon, one of the oldest banks in the US, received a non-objection from the Securities and Exchange Commission (SEC) for expanding its crypto custody services beyond its initial Bitcoin and Ethereum exchange-traded fund (ETF) plan.

On-chain data shows the US-based platforms have recently been expanding their Bitcoin holdings. Here's what this could mean for BTC's price.

U.S. spot Bitcoin ETFs extend their positive streak to a sixth day, attracting $365.57 million from investors.

Bitcoin jumped on Thursday, but if recent history is anything to go by, this surge will not last. The apex crypto hit its all-time high of over $73,000 six months ago.

In a crucial move to enhance its decentralization efforts, liquidity protocol THORChain (RUNE) has revealed plans to bridge decentralized finance (DeFi) to the top cryptocurrency by market cap, Bitcoin. The development comes as THORChain cements its presence in the digital assets space. RUNE's total value locked (TVL) has grown steadily from $225.

In a recent interview with Jeremy Szafron of Kitco News, financial analyst Clem Chambers discussed the surging prices of Bitcoin and gold, offering his unique insights into the reasons behind these movements and what they signal for the future.

BTC's move past $65,000 comes just ahead of the expiry of over $5.8 billion in options contracts, which analysts believe could increase volatility in the crypto markets. The jump seems to be driven primarily by monetary stimulus in the US and China, which led to crypto markets registering a substantial jump.

The month of September has never been a favorable month for Bitcoin in terms of returns. Since 2017, only once has the Bitcoin market provided a positive return; it was in last year when the market delivered a minimal return of +3.99%.

More institutional investors have shown higher confidence in Bitcoin and its long-term success amid rising global geopolitical tensions and constant fiat devaluations.

Bitcoin surpasses $65,000. While technical indicators signal a bullish trend, potential short-term pullbacks may occur.

BlackRock's latest report shows that bitcoin has a very low correlation to U.S. equities on a trailing 6-month basis.