The cryptocurrency market is seeing some exciting changes, especially with Bitcoin's dominance dropping from its 3.5-year high of 60%. This shift has sparked fresh hope for an upcoming altcoin rally.
Bitcoin (BTC) continues its upward trajectory, investors are eagerly looking for signs of what the future may hold. Recent analysis from the Bitcoin Rainbow Chart suggests a striking target of $288,000 for BTC within the next few months.
The “Black Book” by Bernstein explains that BTC will enter “a new institutional era”.
After signaling a potential market reversal in the past few days, Bitcoin's (BTC) price rebounded above $67k earlier today ahead of high-impact news in the coming weeks. The flagship coin reached a 24-hour low of about $65k before rallying to a high of around $67,538 on Thursday during the early European session.
On Oct. 23, investors in BlackRock's IBIT capitalized on Bitcoin's over 3% decline, contributing $317 million in inflows to the fund as the cryptocurrency tested a critical support level at $65,000. On Oct.
It is now clear that the company has not sold any BTC, even though in recent days there were fears that it was about to do so.
A top crypto analyst known for predicting the May 2021 Bitcoin collapse says one indicator is flashing a bull market signal for BTC.
The Bitcoin outflows from centralized exchanges and the rising whale accumulation helped it surpass the $67,000 mark again. According to data provided by IntoTheBlock, the Bitcoin (BTC) exchange net flows witnessed two days of inflows on Oct.
Bitcoin's price could reach $200,000 by the end of 2025 as it enters a new phase of institutional adoption, according to a report by Bernstein Research released on October 22.
A former Bitcoin developer refuted allegations that he is the real Satoshi Nakamoto, creator of Bitcoin, after an HBO documentary pinpointed him as the Bitcoin mastermind.
Crypto Price Today: The global cryptocurrency market continues its cautious ascent, with a modest 0.12% increase in the last 24 hours, bringing the market cap to $2.32 trillion. Despite this uptick, the 24-hour volume surged by 17.69%, hitting $83.76 billion. The Fear & Greed Index holds steady at 52, reflecting neutral market sentiment.
U.S.-based automotive car manufacturing company Tesla released its Q3 filings on October 23rd. In the filings, the company declared to have digital assets worth $184 million and had not liquidated its crypto holdings.
MicroStrategy's executive chairman, Michael Saylor, has attempted to clarify his position on Bitcoin custody. This is following a slew of community backlash over his recent controversial comments favoring institutional custody solutions.
Bitcoin is displaying strong resilience, breaking through several key resistance levels and bullish technical patterns in spite of a downswing across the general cryptocurrency market, leading to a slowdown in BTC's renewed upward movement.
The cryptocurrency market is facing sustained selling pressure, leading to a shift in overall sentiment towards a downtrend. However, Solana (SOL), the fifth-largest cryptocurrency by market capitalization, is beating the trend as it gains attention from investors. Despite the bearish environment in the crypto market, SOL prices jumped 5% over the last 24 hours.
The rally in the DXY stalled after the Beige Book report, paving the way for BTC recovery
Bitcoin supporter Michael Saylor advocates for an inclusive ecosystem, embracing all custodial options for Bitcoin. However, the MicroStrategy executive chairman faced criticism from cryptocurrency community leaders after comments that appeared to challenge users who self-custody Bitcoin. Saylor suggested that “crypto-anarchists” who exclusively oppose institutional safekeeping were undermining Bitcoin's regulatory security and widespread adoption.
Bitcoin is hovering around $67,500 after a sharp drop from its recent high of $69,000. Meanwhile, traders are now closely watching the market, trying to predict its next move.
Tesla, the leading e-car manufacturer helmed by centibillionaire Elon Musk, has confirmed that it continues to hold Bitcoins.
The number of significant Bitcoin holders is again on the rise, reinforcing the potential for a price rally to new record highs.
As Bitcoin (BTC) experiences a minor correction, trading below the critical $66,000 support level after several unsuccessful attempts to breach the $70,000 mark, analysts observe significant technical indicators that may signal future price recoveries. Notably, BTC's weekly Moving Average Convergence Divergence (MACD) has turned bullish for the first time since October 2023.
Bettors on the social prediction market Manifold believed late technologist Len Sassaman to be Bitcoin's (CRYPTO: BTC) mysterious creator Satoshi Nakamoto, as estimates on the play money-powered platform fluctuate wildly. What happened: At the time of writing, Sassaman's odds were 26%, as the cryptographer and privacy champion emerged as the platform's new favorite.
El Salvador's President Nayib Bukele has announced a donation of 2 Bitcoin, valued at approximately $133,000. According to Bitcoin Magazine, the donation is to support an initiative aimed at building 1,000 schools in Honduras.
The crypto prices today have once again sparked investor speculations globally as Bitcoin (BTC) price maintained a hold at the $67K level, whereas Ethereum (ETH), Solana (SOL), and XRP prices illustrated mixed trajectories. Simultaneously, the global crypto market cap experienced a slight 0.05% jump to $2.31 trillion today.
Bitcoin's difficulty has soared once again at block height 866,880, reaching a record-breaking 95.67 trillion. Meanwhile, the network's computational power is keeping pace, operating at a blazing 729.13 exahash per second (EH/s) at the time of reporting.
Bitcoin's (BTC) market dominance has soared to 58%, reinforcing its position as the leading cryptocurrency. This surge highlights a prevailing trend in the market: altcoins are lagging behind, and the anticipated altcoin season has yet to materialize.
The latest capital raise makes money available for more Bitcoin buys, with the company already holding over 861 BTC worth $57.3 million.
Amid the ongoing Bitcoin price correction after attempting to reclaim $70,000 on Monday, a CryptoQuant analyst known as Mac.D has highlighted key shifts in the asset's network fundamentals. This key shift in Bitcoin's network fundamentals includes the rise in Bitcoin's hashrate, which has surged to an all-time high, marking a significant milestone for the network.
Tesla's Q3 earnings report confirms that its Bitcoin holdings remained unchanged throughout the year despite recent speculations.
El Salvador president Nayib Bukele donated Bitcoin (CRYPTO: BTC) to well-known philanthropist Shin Fujiyama to help raise funds to build schools in the Central American nation of Honduras. What Happened: On Wednesday, Stacy Herbert, Director of El Salvaodor's National Bitcoin Office, shared that President Bukele personally donated 2 BTCs from his wallet to Fujiyama.
Bitcoin could rise to $200,000 by the end of 2025 as institutional investors dominate the market, a new Bernstein report reveals. With Wall Street set to become the largest holder, BTCs potential is further boosted by the consolidation of miners and rising AI energy demand.
Bitcoin tests $65K as broader market retreats. US election uncertainty and cooling Fed rate cut bets weigh on BTC demand.
India is contemplating a ban on private cryptocurrencies such as Bitcoin to bolster its central bank digital currency, the digital rupee. While regulators cite security benefits, CoinDCX CEO Sumit Gupta argues that cryptocurrencies and CBDCs serve different purposes and can strengthen the financial system together.
Santiments latest analysis ranks Bitcoin, Shiba Inu, and Chainlink among the top cryptos with soaring market sentiment. As analysts predict Bitcoin could hit $230K, these coins are set to be major players in the next rally.
Bitcoin price tested the $65,200 zone before the bulls appeared. BTC is now rising and aiming for more upsides above the $67,500 resistance.
“I support self-custody for those willing and able,” said Saylor in a new post after encouraging "big bank" custody in an interview earlier this week.
According to crypto options traders, Bitcoin (BTC) is primed to break through its previous all-time high (ATH) regardless of who wins the US presidential election in November. US Elections Results Not Consequential As the US presidential elections inch closer, a slight change in tone can be observed among crypto options traders regarding its implications on the digital asset market.
Whale Entities are clusters of crypto wallet addresses held by a single network participant holding least 1,000 BTC.
Bitcoin (BTC) continues to reign supreme. Recent data reveals an intriguing trend: Bitcoin's daily trading volume is consistently higher than the total market capitalization of public Bitcoin mining companies.
Saylor's support for Bitcoin self-custody highlights tensions between decentralization ideals and institutional control in crypto's future. The post Michael Saylor says he supports Bitcoin self-custody for all amid community outrage appeared first on Crypto Briefing.
Bitcoin has steadied above $67,000, with experts predicting a retest of $70,000 as the U.S. election and upcoming NFP data shape market bias.
A prominent cryptocurrency analyst has recently suggested that the price of the flagship cryptocurrency Bitcoin ($BTC) could soon start surging as a key technical indicator has now flashed a bullish signal for the first time in a year.
El Salvador's Nayib Bukele donated 2 BTC, valued at $133,000, to support education infrastructure in Honduras.
Electric vehicle juggernaut Tesla Inc. (NASDAQ:TSLA) revealed none of its Bitcoin (CRYPTO: BTC) holdings were sold in the third quarter, extending its HODLing period for the fifth successive quarter. What happened: Tesla's balance sheet denoted $184 million in digital assets, as per the company's earnings report released Wednesday after the market close.
Following the Federal Reserve's decision to cut interest rates in September, Bitcoin has been volatile yet predominantly bullish. Analysts and investors are now waiting patiently for the next leg up, as BTC recently stopped at the $69,400 mark and is finding strong support around $66,000.
Here's analysts' views after SEC approved more US spot BTC ETFs options.
Bitcoin whale—an investor who has been active since the inception of Bitcoin—has sold a substantial amount of BTC. This sale comes amid ongoing market volatility, raising concerns among investors about the implications for Bitcoin's future.