CleanSpark CEO Zach Bradford told Bernstein he's expecting a post-election bump in markets.
Since their approval in January 2024, Spot Bitcoin ETFs have been steadily gaining traction in the United States, with the issuers buying hundreds of thousands of BTC as their popularity spread. This has led to a large stash of BTC by these issuers as BlackRock leads the charge.
Bitcoin (BTC) may not be able to sustain its bullish trend as some whales have made negative moves. It appears that selling pressure has started to increase on BTC, hindering a potential upward rally.
Bitcoin has pulled back a bit during the course of the trading session on Monday, as we continue to see a lot of bullish pressure, but quite frankly, the market is likely to continue to see a lot of noisy and choppiness as far as trading is concerned on the
Bitcoin's recent price surge toward $66,000 has led to heightened optimism, but the market now faces a potential retracement phase. The $66K resistance level is proving to be a formidable barrier, and BTC is likely to undergo a period of consolidation or correction before determining its next major trend.
Bitcoin recently managed to climb back to $66,000, generating enthusiasm among traders.
TL;DR Ocean launches DATUM, a decentralized mining protocol that allows miners to control block creation. DATUM offers an alternative to Stratum V2, decentralizing block construction in Bitcoin. The new protocol aims to mitigate centralization and improve Bitcoin's security.
Bitcoin's (CRYPTO: BTC) 8% uptrend over the past 30 days is seen by traders as a precursor to what may be coming in the year's final quarter. What Happened: “Millionaire trader” Unipcs highlighted that eight out of ten Octobers have seen Bitcoin rise in value.
If you bought the bitcoin dip, you're definitely not alone.
I've written a second travel guide, this time focusing on Guatemala, a must-visit country for bitcoiners.
While majority of DeFi tokens faced a setback in the last month, memecoins performed relatively better.
TL;DR Market Sentiment: Santiment's analysis indicates that Bitcoin's high bullish sentiment (a 1.8 to 1 ratio of bullish to bearish posts) could lead to a market correction. Recent Price Movements: Bitcoin surged over 10% to $64,000 due to significant monetary policy changes in the US and China, but remains 13% below its March peak.
Bitcoin surged while the other altcoins were consolidating and currently, the price is dumping harder than them. While some of the altcoins are maintaining a steep ascending trend, Bitcoin flashes the possibility of a bearish pullback.
Michael Saylor, CEO of software manufacturing giant MicroStrategy and well-known Bitcoin bull, shattered Monday's calm in the crypto space with a new viral post. Entitled "Hodl On," the MicroStrategy chief posted an infographic showing the price performance of various assets such as BTC, MSTR stock and the S&P 500 since the software provider adopted the Bitcoin strategy on Aug. 20.
Bitcoin reaching $75,000 to $80,000 by Christmas seems plausible, but hitting six figures will require everything to “go right from here,” according to a crypto analyst.
Today, enjoy the Empire newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox.
Bitcoin Layer 2 trading protocol Velar Dharma has announced its integration with Xverse, the leading non-custodial wallet for accessing Bitcoin's Layer 2 ecosystem. This partnership allows Xverse users to make Bitcoin swaps directly within the wallet, powered by Velar Dharma's automated market maker (AMM).
A senior Bitcoin mining executive expects prices to continue rising in the ongoing bull market cycle.
Fresh off the Singapore TOKEN2049 parties, Cryptopolitan had the opportunity to chat with BitMEX and Maelstrom founder Arthur Hayes to gauge the markets.
Bitcoin's price is expected to benefit in the fourth quarter, despite the upcoming US presidential election, according to CK Zheng, chief investment officer of ZX Squared Capital.
CleanSpark CEO Zach Bradford emphasized that Bitcoin's prolonged period of price stability could indicate a sustained upside in the coming months.
In a recent interview with research and brokerage firm Bernstein, CleanSpark CEO Zach Bradford forecasted that Bitcoin could peak at just under $200,000 within the next 18 months.
Crypto investment inflows hit $1.2 billion last week, marking three consecutive weeks of positive growth since September 9. This surge comes amid growing optimism in the market, fueled by bullish macroeconomic developments and other value-boosting events in the finance sector.
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.
Bitcoin price saw a more than 3% fall on Monday amid panic selling by investors ahead of a major macro week in the United States and geopolitical tensions in the Middle East. The crypto market saw $200 million in crypto liquidations, with nearly $150 million in long liquidation.
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.
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.