Bitcoin's break above $65,000 and solid buying in-the-spot BTC ETFs have traders convinced that the bull market is back in full swing.
According to a report from the Central Bank of Bolivia (BCB), virtual asset transactions in Bolivia more than doubled in the last three months after the country lifted its ban on Bitcoin. Between July and September, the average monthly trade volume soared to $15.6 million, compared to $7.
Bitcoin rose above $66,000 after analysts stated that Personal Consumption Expenditures (PCE) data had reinforced expectations of a continued dovish Fed policy stance.
Cryptocurrency markets are finishing the week on a high, with Bitcoin peaking past $66,000 in midday trading. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $65,934 +1.1% Ethereum (CRYPTO: ETH) $2,705 +1.9% Solana (CRYPTO: SOL) $158.59 +1.3% Dogecoin (CRYPTO: DOGE) $0.1246 +5.3% Shiba Inu (CRYPTO: SHIB) $0.00002052 +10.9% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 3.7% and daily active addresses rising by 1.3% for Bitcoin.
Ripple (XRP) price consolidated below $0.59 over the past week, key indicators show bull traders deploying higher leverage to front-run a potential $0.65 breakout.
The recent approval of Bitcoin ETF options by the U.S. Securities and Exchange Commission (SEC) has brought a wave of optimism to the cryptocurrency world. This new offering, centered around BlackRock's IBIT ETF, could be a game-changer for Bitcoin markets.
Swan Bitcoin has filed suit against a group of former employees and consultants, alleging that they “hatched and executed a ‘rain and hellfire' plan” to steal its lucrative bitcoin mining business with the help of Tether, Swan Bitcoin's one-time ally and fundraising partner.
With Bitcoin (BTC) hitting a near three-month high of $66,000 on Friday, technical analyst InspoCrypto suggests that the BTC futures market is at a critical juncture, with the potential for further short squeezes and the importance of maintaining support around the $64,000 level. Divergence Despite BTC Uptrend The analyst recently noted in his writing that the latest data shows that the BTC/USDT price chart hit a Friday high of $66,106, reflecting bullish sentiment as the cryptocurrency continues to climb.
Cantor Fitzgerald CEO Howard Lutnick called on regulators to treat Bitcoin (BTC) like gold and oil because it is a commodity. Lutnick made the statement during an appearance on Fox Business show “Mornings with Maria” on Sept.
When Bitcoin is dominated by major institutions (and Bitcoiners are asking for approval from presidential candidates) we are in danger of creating centralized decentralized finance, something Bitcoin's founders never intended, says Jason Dehni, CEO of Credbull.
From Jan. 11 to Sept. 26, 2024, Blackrock, the world's largest asset manager, collected an astonishing 363,626.36 bitcoin, valued at just over $24 billion as of Sept. 27. This accumulation puts Blackrock's exchange-traded fund (ETF), IBIT, on the cusp of controlling nearly 2% of bitcoin's total supply.
Amid bullish expectation, how far can the BTC rally go?
In a splendid move, the Bitcoin price soared above $64,000, suggesting the bullish action may have begun. While the other altcoins have already broken their respective resistances, including Cardano (ADA), the XRP price is failing to surpass the levels at $0.6.
Bitcoin (BTC) has been in a consolidation phase for the past two months, fluctuating between $50,000 and $64,700. While the price has struggled to regain its previous highs, a noteworthy trend is emerging among long-term Bitcoin holders (LTH): they are choosing to hold onto their coins.
Bitcoin (BTC) surged past $66,000 on Sept. 27 as New York opened for trading, reaching a two-month high to record its best September performance on record.
According to CryptoQuant Burak Kesmeci, Bitcoin, the leading cryptocurrency, Bitcoin's Market Value to Realised Value (MVRV) has recorded a major bullish signal.
TL;DR The Token2049 event and the Solana Breakpoint conference in Singapore created an optimistic environment in the crypto sector. Despite the enthusiasm for Bitcoin, concerns arose about Ethereum, which has underperformed since the launch of BTC ETFs in the U.S.
On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) saw gains, while their ether-focused counterparts faced a decline during the day's trading session. ARKB Tops Bitcoin ETF Gains as Ether Funds Fall by $675K U.S. bitcoin ETFs saw a hefty $365.57 million in positive inflows on Thursday, with Ark Invest and 21shares' ARKB leading the charge.
Seven days after hitting the market, the T-REX 2X Long MSTR Daily Target ETF (MSTU) has become one of the most successful new exchange-traded funds (ETFs) on the market after attracting over $72 million.
Bitcoin is now trading above the $65,000 price level for the first time in two months, leaving the $63,000 resistance level behind. This interesting increase has seen Bitcoin increase by almost 23% from a September low of $53,400 on September 6, pushing many holders into profitability.
What led to Swan Bitcoin's lawsuit against its former employees?
Bitcoin (BTC) is still in an over six-month downtrend, displaying a shorter-term side action in what the market calls consolidation. Bulls and bears are fiercely disputing the narrative, while the price illustrates analysts' disagreement on the leading cryptocurrency's next move.
Bitcoin miners got a break this week as the network's mining difficulty fell by 4.6%, reducing the challenge of validating new blocks. This drop occurred at block height 862,848, marking the first significant ease-up miners have seen after a period of record-high difficulty.
Bitcoin is up again Friday, but meme coins are blasting off with massive gains, led by one inspired by the viral baby hippo Moo Deng.
Crypto analysts say a daily close above $65,000 will confirm “bullish momentum,” but a possible reversal still can't be ruled out.
Crypto analysts say a daily close above $65,000 would confirm “bullish momentum,” but a possible reversal still can't be ruled out.
On Friday, the Bitcoin price hit $65,000 for the first time since August, accounting for +25% growth in three weeks. The bullish trajectory is backed by renewed inflow in Bitcoin ETF and macroeconomic change in the global market.
A newly filed lawsuit claims that Swan Bitcoin, a financial services company focused on bitcoin, is accusing former employees of trying to hijack its “billion-dollar bitcoin mining business.” According to the suit, Swan's subsidiary Electric Solidus alleges that Proton Management dubbed a “copycat company” in the filing, stole trade secrets from their mining operations.
Bitcoin continues to see a lot of momentum, as we have broken above the crucial $65,000 level during the past week. This of course is a very bullish sign, as the market continues to see a lot of money flowing back into the ETF.
Outperforming Bitcoin: A Simple ETF Data Strategy for Higher Returns 🚀
With Bitcoin (CRYPTO: BTC) breaking above $66,000, 10x Research predicts a swift move towards $70,000 and new all-time highs, fueled by stablecoin minting, monetary stimulus in China and renewed altcoin activity. What Happened: The 10x Research analysts led by Markus Thielen highlighted in their latest report that since the Federal Reserve's September rate cut, Bitcoin and Ethereum (CRYPTO: ETH) have surged 5% and 11%, respectively.
Bitcoin (BTC) has surged past the $66,000 mark, boosting investor confidence by the end of bearish September. This upward movement has revived hopes that BTC could soon break through the $70,000 level in its Uptober rally, a level it hasn't reached in nearly two months.
Buyers keep holding the initiative at the end of the week, according to CoinStats.
Bitcoin (BTC) surged past $66,000 on Friday, following the release of a softer-than-expected US Core PCE inflation report for August.
Bitcoin is extending its upward rally, surpassing the $66,000 mark on Friday and reaching an intra-day high of $66,200. The surge coincides with the global crypto market cap climbing to $2.29 trillion, reflecting a 24-hour gain of around 2%.
Bitcoin (CRYPTO: BTC) is up 2% to $66,300 in Friday's trading session, marking a gain of 14% over the last two weeks as Bitcoin spot ETFs reported the sixth consecutive day of positive fund flows on Thursday. What Happened: Leading the charge of the $365.57 million net inflow, Ark Invest and 21Shares‘ ETF (CBOE: ARKB) took in $114 million, while BlackRock‘s ETF (NASDAQ:IBIT) attracted $93.3755 million, according to data from SoSo Value.
Vocal Bitcoin evangelist and cofounder of MicroStrategy behemoth Michael Saylor has reacted to BTC recapturing the $65,000 level and then briefly touching $66,000.
Peter Brandt, a veteran trader widely known for his technical analysis, recently issued an important update regarding Bitcoin's ongoing price action.
Bitcoin prices continued climbing this week, reaching an intraday peak of $66,456 per unit at 10:35 a.m. ET on Friday, marking a 2.4% boost against the U.S. dollar today and a solid 5% gain over the past seven days. Bitcoin Jumps to $66,456 Following U.S. PCE Report On Friday, Sept.
The Kingdom of Bhutan continues to mine millions of dollars in bitcoin.
Bitcoin, the largest cryptocurrency asset has captured the attention of crypto enthusiasts as the coin is demonstrating bullish momentum to hit the $66,000 level. Despite this newfound upward strength, whale investors have resumed shorting BTC, triggering worries about a possible decline in price.
The sharp decline in Bitcoin exchange balances indicates expectations for a substantial price surge on the horizon.
Bitcoin's bullish break above $65K has ignited FOMO in the altcoin market as altseason anticipation rises, according to 10x Research CEO Markus Thielen.
TL;DR Approximately $7.7 billion worth of Bitcoin and Ethereum options expire today, which could create volatility in the market. The maximum pain point for Bitcoin is at $59,000 and for Ethereum at $2,500. Market volatility is expected to continue following a recent rally driven by Federal Reserve interest rate changes.
Bitcoin reaches $66K in its best September ever, driven by global economic factors and strong institutional demand. The post Bitcoin breaks $66K as it records its best September in history appeared first on Crypto Briefing.
According to 10x Research, Bitcoin may soon reach a new all-time high in Q4, which could potentially put an end to the recent volatile correction phase. 10x Research predicts that if Bitcoin surpasses the $65,000 mark, the bull market will resume, with the digital asset targeting $70,000.
Bitcoin's price has increased above the $66,000 mark, buoyed by positive inflation data, according to an analyst.