BTC broke out above the 200-day moving average after several rejections, setting up expectations for gains to a higher price range.
The firm's holdings of almost 3,912 BTC, valued at $244M, have increased due to this buildup. Galaxy Digital sent 7,000 ETH, or around $17 million, to Binance and OKX.
On Monday, a long-dormant bitcoin wallet, first activated on Aug. 4, 2011, made its move, sending 100 BTC—valued at $6.59 million—out into the world for the first time in over 13 years.
Bitcoin has historically experienced strong gains in October, and this trend seems to be holding, with BTC surpassing $66,000 and ETH reaching a two-week high.
Following a range-bound weekend, Bitcoin reached $66,000 today. According to statistics, approximately $101.4 million in short positions were liquidated.
An ancient whale that mined some of the first Bitcoin (BTC) blocks is moving more coins to exchanges. The coins, back from the early Satoshi Nakamoto era, are valued at $630K.
Eagle-eyed crypto observers noted over the weekend that Google Search has stopped displaying price charts for Bitcoin (BTC) and other cryptocurrencies in its search results.
The Bitcoin market is picking up speed as the “Uptober” trend begins. Over the past few days, Bitcoin has seen a solid recovery, bouncing back from September's bearish phase. Now that the price is holding above $65K, various indicators are showing mixed signals.
The multi-million pound lawsuit is aimed at leveraging the council into allowing an excavation, not seeking damages.
Samara Asset Group, a publicly listed German investment firm, has announced plans to raise up to €30 million ($32.8 million) through a senior secured Nordic bond issuance. The capital raise is aimed at expanding the company's investment portfolio and significantly increasing its Bitcoin holdings, positioning it to potentially rival Michael Saylor's MicroStrategy.
How is Bitcoin's recovery impacting the sentiments of high-profile advocates and celebrity investors?
Bitcoin rallied to $66,300 today, but definitive proof of a structural trend change remains in question.
Cryptocurrency markets are trading higher as expectations around Chinese stimulus rise. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $65,903.70 +5.4% Ethereum (CRYPTO: ETH) $2,630.58 +7.4% Solana (CRYPTO: SOL) $156.05 +7% Dogecoin (CRYPTO: DOGE) $0.115 +4.8% Shiba Inu (CRYPTO: SHIB) $0.00001826 +5.8% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 6.9% and daily active addresses growing by 1%.
According to blockchain analytics platform Arkham Intelligence, an ancient Bitcoin whale dating back all the way to 2009 has just sent $630,000 to the Kraken exchange.
Our expectations for her were low, but holy f*ck.
China's unclear fiscal stimulus measures have fueled a surge in bitcoin, pushing the cryptocurrency to a two-week high and sparking speculation that investors may shift to cryptocurrencies over Chinese equities. The uncertainty surrounding the scale of China's economic efforts has prompted capital rotation into alternative assets like BTC.
Bitcoin nears a bull flag breakout as Kamala Harris's pro-crypto regulatory pledge boosts sentiment, potentially targeting $78,000+.
The Bitcoin price rallied to as high as $66,000 today, fuelling bullish sentiments among market participants that the ‘Uptober' rally might still happen after all. Amidst this rally, there could still be a Bitcoin crash to as low as $50,000 in the next 30 days before it rallies to a new all-time high (ATH).
These three top cryptocurrencies are making big moves higher today, due in part to three catalysts.
Improving polls for Donald Trump—the self-proclaimed crypto candidate—may be boosting Bitcoin ETF interest, CoinShares said.
Bitcoin is at a pivotal turning point following the Federal Reserve's interest rate cut over three weeks ago. Holding strong above the $60,000 mark, BTC is making strides toward new highs as the entire crypto market anticipates a potential rally in the coming weeks.
In this, the fifth Bitcoin epoch, bitcoin will be looked at less as a speculative bet and more as a financial life raft for many around the world living in failing or oppressive systems.
The MN Consultancy CIO and Founder stated that Bitcoin's price has been stuck in a tight price range and explained different indicators explaining the price of BTC. The analyst, Michael Poppe, explained that the crypto market has a bearish sentiment, with Bitcoin hovering over the same range over the past 200 days.
QCP Capital analysts have noticed a significant rise in bitcoin (BTC), comparing it to similar patterns seen before past U.S. elections. Their latest report delves into the influence of historical price movements, current market dynamics, and upcoming events on the cryptocurrency's future course.
Bitcoin kicked off a rally early on Monday, triggering hundreds of millions of dollars in liquidations as BTC climbed above the $66,000 mark. According to crypto data aggregator Coinglass, over $238 million in positions have been liquidated in the last 24 hours – mostly traders attempting to short BTC.
In August 2013, Howells made a mistake that would haunt him for the next decade. While cleaning his office, his partner inadvertently discarded a hard drive containing 8,000 Bitcoin, which at the time was worth just a few hundred dollars per coin.
Bitcoin's rise above $66,500 could open the doors for a rally to new highs and altcoins look set to follow.
The price of Bitcoin has recently started surging, moving up more than 4.9% over the last 24-hour period to surpass the $65,000 mark and near $66,000 at the time of writing, with the price rise coming after positive on-chain indicators suggest supply is decreasing.
Today, the crypto market has seen impressive gains, with its overall value jumping 5% to reach $2.28 trillion. Bitcoin, the largest cryptocurrency, rose 5% to touch $65,810, while Ethereum, Solana, and XRP also showed strong growth. So, what is driving this Bitcoin rally? Let's dive into the main reasons.
As a last-ditch effort, James Howells is bringing his disagreement with Newport council over his lost Bitcoin fortune to court in Wales.
The sudden vanishing of Bitcoin's price box from Google results stirs controversy and suppression theories.
Google has deleted the price and chart for Bitcoin from its main search page results, prompting interesting responses.
Bitcoin reclaims $65k, sparking double-digit gains for altcoins like ENA, WLD, and BRETT.
Bitcoin has smashed through the $65k mark. Speculators are on a high, as optimism swells around China's economic stimulus and Donald Trump's odds for the White House.
The price of Bitcoin (BTC) has made another positive move, rising above the moving average lines.
In its quest to replicate the late July rally near $66K, Bitcoin has encountered resistance three times. Will it finally break through?
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Publicly-listed German asset management firm Samara Asset Group revealed on Monday its intention to expand its Bitcoin portfolio using proceeds from a €30 million ($32.8 million) bond.
A UK man is reportedly suing his city council for hundreds of millions of dollars for not allowing him to dig up his old hard drive containing Bitcoin (BTC) from a landfill.
The Bitcoin market is buzzing with optimism as the cryptocurrency hits a high of $66,265, marking a notable comeback. The rally is being fueled by whale buying pressure, historical patterns suggesting a strong October performance, and growing speculation around the upcoming US presidential election.
Bitcoin nears critical weekly close above $61.3K EMA as bulls target $65K. Will momentum hold?
Bitcoin's recent price movement reflects increased activity in the futures market, with data from Coinglass revealing that CME leads the charge with 15,663 BTC in open interest, equivalent to about $9.81 billion.
The bitcoin futures funding rate has reached a multi-month high, indicating short-to-medium-term bullish sentiment, an analyst said.
Bitcoin mining profits fell in September 2024 as hashrate rose 1.7% and prices stayed flat. Average daily revenue per exahash fell by 2.6%, putting pressure on Bitcoin miners' profit margins.
Bitcoin miners may see a profitability shrink this month following a related drawdown recorded in September.
Bitcoin (CRYPTO: BTC) mining stocks Marathon Digital Holdings Inc (NASDAQ: MARA), Riot Platforms Inc (NASDAQ: RIOT) and CleanSpark Inc (NASDAQ: CLSK) are trading higher Monday alongside a rise in the price of Bitcoin. What To Know: Bitcoin has climbed more than 4% over the last 24 hours driving strength in the broader crypto space and crypto-related stocks.
Bitcoin (BTC), the world's largest cryptocurrency by market capitalization is gaining significant attention from the crypto community following its impressive price surge over the past 24 hours. With a surge of over 6%, BTC reclaimed the $66,000 level for the second time since July 2024.