The Bitcoin (BTC) community has said a big "no" to bears as they are striving for a big rally. While the leading cryptocurrency on the market is still under immense pressure from geopolitical tensions, it has managed to initiate a slight recovery from recent losses.
While doubtlessly forward-thinking, El Salvador's Bitcoin experiment has not gone over well with international financial and regulatory bodies — the International Monetary Fund (IMF) has been a key critic since the beginning. The international body made renewed calls for reforms during program talks on October 3.
The International Monetary Fund stated that El Salvador needs to limit the scope of its Bitcoin Law in order to get funding.
This week, we examine Ethereum, Ripple, Cardano, Shiba Inu, and Dogecoin in greater detail. Ethereum (ETH) Ethereum had a difficult week and closed with a 10% loss.
Crypto analyst Ali Martinez has suggested that the Bitcoin crash might not be over despite the relief rally to $61,000. The analyst highlighted the $60,365 price level as being important to avoid a potential crash to as low as $57,000.
Cryptocurrency Market Update: The cryptocurrency industry saw a subtle intraday growth, increasing by 0.93% to a total market cap of $2.13 trillion. However, Bitcoin's (BTC) price slipped by 0.50%, settling at a price tag of $61,311.86. While ETH, SOL, and XRP showed slow movement, meme coins portrayed positive numbers.
Could the tiny altcoin outperform the world's top cryptocurrency in the future?
Bitcoin price surged over $61,000, after major outflows from U.S. spot Bitcoin ETFs. While, the start of October has been tough for the crypto market, causing Bitcoin to fall 7% from its earlier high of $66,000. Matthew Dixon, CEO of Evai, warns that Bitcoin might drop once more before a significant recovery.
Ethereum co-founder Vitalik Buterin has said that lowering the solo staking requirement from 32 ETH could make the network more decentralized and accessible. In a recent discussion on X, the Ethereum community discussed safeguarding solo staking as it leads to “true decentralization.
The world's largest asset manager, BlackRock, has changed its official perspective on Bitcoin, now referring to it as a global monetary alternative. This is according to Jay Jacobs, the U.S. Head of Thematic and Active ETFs at BlackRock, during a recent digital assets conference.
The cryptocurrency market has found itself in choppy waters, witnessing a staggering $272 million in liquidations over just 24 hours. This upheaval coincided with Bitcoin's sharp decline to $60,000, marking a period of significant volatility that has left traders and investors on edge.
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 4, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
Ethereum's inflation rate hit a two-year high as layer-2 solutions curb transaction burns, challenging its deflationary promise, according to a new Binance Research report.
Bitcoin is experiencing increased volatility after a recent dip to $60,000, a critical level it currently holds above. Following the Federal Reserve's interest rate cut announcement, Bitcoin's price surged aggressively but is now retesting key demand levels, likely determining its next target.
The Tron network (TRX) has just made a significant impact in the crypto ecosystem. In the third quarter of 2024, the blockchain founded by Justin Sun generated record revenues, even surpassing the giants Bitcoin and Ether.
Veteran trader Peter Brandt is issuing a warning about Bitcoin (BTC) amid the flagship crypto's decline to the $60,000 level. Brandt tells his 741,200 followers on the social media platform X that Bitcoin still needs to hit higher price targets on the weekly timeframe to confirm that its bullish trend is intact.
The price of Bitcoin (BTC) has fallen after failing to break through the $65,000 mark. Buyers were hoping to push Bitcoin to the psychological price of $70,000 if the $65,000 mark was breached.
Jay Jacobs, BlackRock's US Head of Thematics and Active ETFs, has shared a bold prediction: Bitcoin's market value could reach a staggering $5.4 trillion in the coming years. Speaking at the Digital Assets Conference in Brazil, Jacobs emphasized that increasing demand for portfolio diversification is one of the key reasons driving investors towards Bitcoin.
According to BCA Research, generating large bullish "credit impulses" is now a tough task for China.
The Bitcoin market has entered its fourth quarter this month. As the market steps into the final quarter of 2024, the expectations remain high. Traditionally, Q4 has been favorable for the BTC market. In Q4 2024, the market delivered an impressive return of +56.65%.
El Salvador has doubled down on its Bitcoin moves despite ongoing pressure from the International Monetary Fund (IMF) regarding the country's use of the digital asset. On Oct.
The expiration of $1 billion in Bitcoin options could increase market volatility and create buying opportunities.
Bitcoin (BTC) is off to a shaky start in October, a month known for its historically strong performance. On Thursday, BTC briefly dipped below $60,000 before recovering slightly, leading to the liquidation of over $144 million in bullish bets.
Terawulf sold its 25% stake in Nautilus Bitcoin mine to Talen Energy. The firm plans to enhance the efficiency of its mining fleet to achieve 18.2 J/TH.
Whales accumulate Bitcoin despite recent market dip and macroeconomic pressures. Dormant Bitcoin addresses reactivated, signalling renewed market participation.
Major crypto transaction monitoring service Whale Alert says that a mysterious Bitcoin whale, which has not been active for 10.8 years, has suddenly reappeared in the last few hours. Specifically, the previously inactive large holder has started showing activity by transferring 100 BTC from the old address "17tdW8" to the new address "bc1qqy6.
As we all know, halving is an event that happens in the Bitcoin market every four years. The market follows a specific pattern as it moves from one halving to the next. Usually, the price of BTC reaches its peak around 518 to 546 days after a halving event in a bull market.
The crypto markets saw significant turmoil over the past 24 hours, with over 100,000 traders impacted by mass liquidations, greatly raising concerns during the latest market downturn. Bitcoin (BTC) briefly dipped below the $60,000 mark on October 3 before recovering and pushing back above $60,000.
Crypto investors are nervously awaiting the release of the September jobs report, and the Fed's response regarding rate cuts in November.
Large Ethereum investors bought $66 million worth of ETH as its price dropped, while market sentiment remains cautious amid lower trading volumes and global tensions.
This afternoon, the release of data on the US labor market is expected, which could increase the volatility of the price of BTC.
Financial institutions might prefer the SOL blockchain, but ETH remains much further ahead.
Chief Investment Officer at Lekker Capital, Quinn Thompson, expressed confidence in the market, suggesting it's a clear opportunity to bid despite short-term fluctuations.
The bitcoin miner intends to reinvest the capital into its flagship facility in New York, which focuses on hosting HPC/AI data centers.
If Bitcoin falls below a crucial support, then it won't be surprising to see the king coin plummeting to $57k once again.
According to the American television network HBO, the pseudonymous Satoshi Nakamoto, who created Bitcoin, may not be a mystery for much longer.
Ethereum developers convened on October 3, 2024, for the All Core Developers Consensus Call #143, focusing on updates for Pectra Devnets and PeerDAS, among other topics.
The International Monetary Fund (IMF) has once again urged El Salvador to revisit its approach to Bitcoin and tighten its regulatory framework for the digital currency. During an October 3 press conference, IMF representatives reiterated their concerns about the nation's decision to make Bitcoin legal tender, calling for reforms in its handling of the cryptocurrency.
Bitcoin's historic gains are nothing short of magnificent.
The free fall of bitcoin has finally stopped and the fear from the market has started to drop. RSI is showing improvement and there are other indicators that are signaling a recovery. But, has BTC really started to recover or this is another trap, let's explore.
In 2024, Bitcoin and Ethereum-focused ETFs have surged in investor popularity and have climbed up the top 25 newly launched funds. Following the approval of the first spot Bitcoin ETFs, initial skepticism of the market has worn off.
Bitcoin and ether outflows from ETFs contribute to this week's weak crypto price action.
Bitcoin demand in the US is "strong," but can the Coinbase premium save BTC price action from further downside?
Interestingly, the renewed geopolitical tensions in the Middle East did not affect BlackRock's IBIT, which bucked the trend by attracting $37 million in inflows.
On-chain data shows the Bitcoin short-term holders have recently moved over 14 times as much profit volume as the loss one. Bitcoin Has Plunged As Short-Term Holders Have Been Realizing Gains According to the latest weekly report from Glassnode, the short-term holders have started taking profits again recently.
Bitcoin is currently testing a crucial support level after a 9% decline from its recent local highs. The broader crypto market, alongside traditional markets, has been experiencing heightened volatility, driven by the ongoing conflict between Israel and Iran.
If Bitcoin is going to skyrocket in 2025, it must overcome three big obstacles.