The U.S. Securities and Exchange Commission has granted “accelerated approval” for listing Bitcoin options exchange-traded funds on the New York Stock Exchange and the Chicago Board Options Exchange. According to Oct.
Solana's co-founder, Anatoly Yakovenko, has highlighted a major difference between the network's ecosystem and Ethereum. He noted that when a global resource becomes saturated in Solana, it doesn't lead to good price discovery.
Amid the broad uptick in crypto asset markets, non-fungible token (NFT) sales saw a 22.38% increase this past week. NFT sales managed to rake in $92.95 million this week and Ethereum and Bitcoin NFT sales led the way.
Cardano founder Charles Hoskinson is quite confident of what the Layer-1 blockchain network can achieve in a few years. He recently stated that the Cardano network will see the achievements of Bitcoin (BTC) and the Ethereum (ETH) network in the next 10 years.
On October 18, the US Securities and Exchange Commission (SEC) approved a rule change that allows the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE) to offer options trading for multiple spot Bitcoin exchange-traded funds (ETFs).
Spot Bitcoin exchange-traded fund inflows shot up more than 580% this week, as one analyst pointed out that whales were loading up on Bitcoin at a pace akin to the lead-up to the 2020 rally.
The Bitcoin price and the bull run appear to be back on the right track after recording its best weekly performance in the past month. Despite starting the week quietly and hovering around the $63,000 level, the premier cryptocurrency received fresh bullish momentum mid-week, pushing its value to almost $69,000 on Friday.
BlackRock ETF head Samara Cohen has told CNBC that most demand for Bitcoin comes through investment tools like ETFs, not direct purchases from crypto exchanges.
Recently, Bitwise CIO Matt Hougan expressed optimism about Bitcoin. He said the cryptocurrency was due for a significant rally that would drive the token price well into six-figure territory due to several factors.
Bitcoin is currently showing strong bullish signals on larger time frames, hinting at a potential repeat of historical price patterns. However, in the short term, new indicators are emerging that demand attention. Additionally, liquidity is accumulating above the current Bitcoin price, hinting at further upward potential.
According to on-chain data, a long-dormant Bitcoin whale has reemerged just as Bitcoin (BTC) briefly touched the $69,000 mark.
"There's a slight upside risk if they identify someone who is deceased, as this would effectively 'burn' Satoshi's supply," a crypto analyst said.
To confirm a potential breakout from its current crab walk, Bitcoin needs to close the week above $68,700, according to market analysts.
Bitcoin is showing strong signs of bullish momentum with its price hovering above $68,000. Key technical indicators, chart patterns, price action, whale activity, and Bitcoin ETF inflows are pointing toward an upward rally. With only a few days until the election, all eyes are on how Bitcoin will react.
A bearish divergence appeared on Bitcoin's chart. Will it push BTC down to $66k again?
Cryptocurrency Market Overview: The global cryptocurrency market saw a modest rise this week, with the total market cap increasing by 0.64% to $2.34 trillion. Despite this growth, 24-hour trading volume dropped by a significant 16.82%.
Bitcoin price is gaining significant momentum, trading near $68,350 and hitting an intra-day peak of $68,955. The rally follows the SEC's approval of Bitcoin ETF options, which has increased liquidity and spurred institutional investment.
Add instant exposure to crypto markets with this ETF.
CryptoQuant says the expansion of Bitcoin apparent demand is necessary for BTC to rally sustainably to record highs.
Bitcoin bulls have more work to do for a major resistance flip while BTC price strength sees the highest daily close in over four months.
VanEck's head of research, Matthew Sigel, predicted that ETH might continue struggling if Ethereum layer-2 networks continue to take value from it. Sigel expressed this view on X, noting that unbalanced conditions between the network and its L2s could prevent ETH from reaching $22,000 by 2030, as earlier predicted.
The price of Bitcoin (BTC) has continued its upward trend after breaking out on October 11. The largest cryptocurrency broke above the moving average lines and the $65,000 mark.
BlackRock, the world's largest asset manager, has purchased over $680 million in Bitcoin over just two days. This strategic acquisition is not only a testament to BlackRock's growing interest in digital assets but also aims to bolster the performance of its popular IBIT ETF.
Market analyst and President of the ETF Store Nate Geraci has backed the US-based spot Bitcoin ETFs to overtake the Gold ETFs in terms of cumulative net flows. This projection comes amidst a staggering performance by these Bitcoin ETFs in the past few days where they have attracted over $2 billion in weekly netflows.
Bitcoin's price movement shows potential for significant upward momentum. Market sentiment remains bullish, driven by institutional interest.
ETF Institute co-founder Nate Geraci believes that spot Bitcoin exchange-traded funds (ETFs) could surpass Gold ETFs in the next two years if the current trajectory continues. In an opinion shared on X, Geraci noted that Gold ETFs were launched in 2004, which means they have a 20-year headstart on Bitcoin ETFs.
With BlackRock leading the Bitcoin charge, the cryptocurrency's best days likely remain ahead.
Bloomberg analyst Eric Balchunas has commented on yet another historic moment for the crypto market.
VanEck, a leading asset management firm, has drastically cut its long-term price forecast for Ethereum (ETH) to $7,333 by 2030, a significant drop from the previous estimate of $22,000. This revision signals a 67% decline and has prompted investors and analysts to reevaluate Ethereum's future amid intensifying competition and evolving market conditions.
There's more to like about Bitcoin beyond its phenomenal upside potential. Just ask Mark Cuban.
Institutional investors can now use options on Bitcoin ETFs to hedge crypto positions. Options are derivatives allowing holders to buy or sell assets at a set price by a specific date.
WLD has performed the best in the past 24 hours from the top 100 alts.
BlackRock's spot Bitcoin exchange-traded product (ETP) is bringing in a crowd Wall Street isn't used to seeing. A ton of first-timers who are just crypto investors.
Spot Bitcoin ETFs in the U.S. attract billions in weekly net inflows as BTC's price approaches the $70,000 level.
Bitcoin's price has officially broken through key resistance levels, signaling a strong bullish trend that could propel it toward new all-time highs. According to Josh, a seasoned analyst from Crypto World, Bitcoin has been moving through a series of lower highs and lows, but recent movements suggest that the market has shifted gears, laying the groundwork for a major rally.
The US Spot Bitcoin ETF has recorded a record influx of over $2 billion this week, catching the eyes of investors. Notably, this surge in the Wall Street players' interest also appears to have boosted the broader market sentiment, as evidenced by the recent jump of BTC price to nearly $69K.
Fears about the ECB Bitcoin ban have swelled since a controversial report's release. Analyst Tuur Demeester warns that the report's negative portrayal of Bitcoin could justify harsh ECB Bitcoin regulation, including potential bans.
Over the last 30 days, Bitcoin has surged nearly 10.0%. The market appears extremely bullish right now. Since October 11, it has climbed consistently. Interestingly, since October 11, the Bitcoin Spot ETF market has experienced consistent positive net inflows. Meanwhile, key technical indicators point to a potential “golden cross”.
Ethereum (ETH) has recently encountered a significant hurdle, stalling near the $2,700 mark after a modest recovery earlier this month. As options traders express skepticism about ETH reaching the $3,000 target before the upcoming U.S. elections, many are left wondering what the future holds for this leading cryptocurrency.
A widely followed crypto analyst believes that Bitcoin (BTC) is on the verge of printing new all-time highs (ATHs) as it reclaimed the $68,000 level Friday.
A rising leverage ratio can be seen as a sign of a heated up derivatives market.
WBIT, ENA, and MOG posted significant gains this week as Bitcoin surged past $68K.
Ethereum price is gearing up for a big move, potentially pushing past the important $3,000 level.
Ireland's Criminal Assets Bureau (CAB) is facing a major roadblock. Back in 2019, they seized $378 million worth of Bitcoin from Clifton Collins, a convicted drug dealer. However, despite holding such a valuable amount of cryptocurrency, they can't access it because the keys to the wallets are lost.
Bitcoin reserves on centralized exchanges have reached a record low, signaling a price increase!
BlackRock's Bitcoin ETF received more than $1.05 b in the past five trading days as investors continue to show more interest in the spot products.
The Federal Bureau of Investigation (FBI) has arrested an Alabama resident for allegedly hacking the U.S. Securities and Exchange Commission (SEC)‘s social media account on X earlier this year. What Happened: The FBI apprehended Eric Council Jr. on Thursday, accusing him of conspiring with others to gain unauthorized access to the SEC's X account in January.