Cryptocurrency analyst Benjamin Cowen suggests that Bitcoin may have just avoided a major decline. According to Cowen's latest analysis, Bitcoin closed the weekly candle marginally above the critical bull market support band, even though it had briefly fallen below it.

Blockchain security platform Scam Sniffer has reported the shutdown of a wallet drainer operating on The Open Network (TON) blockchain, citing the absence of large-scale participants, also known as “whales.” In an Oct.

The price of Bitcoin (BTC) is trying to hit the next highs, but there are a plethora of hurdles in its path. The market witnessed a selling trend today, hindering price growth.

A wallet drainer operating on The Open Network (TON) has announced its shutdown due to a perceived lack of crypto whales within the community.

TL;DR Cryptocurrency investment products recorded divestments totaling $147 million last week. Bitcoin led the outflows with $159 million, while short Bitcoin products saw inflows of $2.8 million. Multi-asset products stood out with their sixteenth consecutive week of inflows, adding $29 million.

Bitcoin continues to hold its status as the best-performing asset class in 2024, despite a “seasonally weak” third quarter.

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Bitcoin is trading at prices between $62,856 to $63,016 at press time, with a market cap of $1.24 trillion and a 24-hour trade volume of $23.87 billion. Intraday, prices fluctuated between $62,120 and $63,909, showing signs of consolidation.

Rockdale, a small town in Texas, went through an economic disaster in 2008. The Alcoa aluminum plant, once the largest employer in town, shut down due to rising energy costs and new regulations.

Bitcoin is vulnerable as plenty of traders are opting for short positions within a limited timeframe.

Crypto Market Overview: The cryptocurrency business has traced back to its total market cap of $2.19 trillion. The US Jobs Report positively impacted market sentiment, easing concerns about an economic slowdown and driving increased interest in riskier assets like cryptocurrencies.

Bitcoin, the world's most popular cryptocurrency, has surged close to $64,000, riding on a wave of positive economic data from the U.S. The rally comes after weeks of subdued performance, with analysts now pointing to a combination of factors, including strong employment numbers and anticipation of another Federal Reserve interest rate cut.

Bitcoin (BTC) is back above $63,000 again, but there is a catch. This time, the BTC price tried to clear the $64,000 level but faced significant rejection from the resistance level of $65,000.

During the night, it had reached nearly $64,000, thanks to the Asian markets.

In 2024, Bitcoin has proven to be the best-performing investment, outshining traditional assets like gold, silver, and stocks. Despite a few market challenges, Bitcoin's year-to-date growth stands at an impressive 49.2%.

This week, the U.S. economic calendar could well be the catalyst for significant movements for Bitcoin. With crucial inflation data and economic reports directly influencing Federal Reserve decisions, cryptocurrency investors should expect a busy week.

Bitcoin, the world's leading cryptocurrency, has once again proven its mettle in a year marked by volatility and market uncertainties. According to a recent analysis from the New York Digital Investment Group (NYDIG), Bitcoin has posted an impressive year-to-date gain of 49.2%, making it the standout asset of 2024, even as it grappled with a tough third quarter that saw only a 2.5% increase.

The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 7, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

Metaplanet, often dubbed Japan's MicroStrategy, has acquired an additional 108.786 Bitcoin for approximately $6.7 million, as announced by CEO Simon Gerovich.

Riot CEO Jason Les identified the Core Scientific and CoreWeave deal as an example but stressed the firm would not simply chase the AI hype.

The weekend rally caused Bitcoin price to shoot up by 4% and set up a local top just shy of $64K on Monday. While this move seemed like a bullish development and has caused crypto markets to, it isn't.

Crypto.com and 21.co have partnered to improve Bitcoin liquidity for 21BTC, targeting the Ethereum and Solana ecosystems.

Bitcoin (BTC) had a reasonably positive weekend, pushing back above $63,000 after dropping to a low of $60,031 on Thursday. The world's largest cryptocurrency is up by almost 3% over the past 24 hours, reaching a high of $63,916 earlier today before sellers pushed the price back below $63,500.

The Bitcoin price has met some resistance, but analysts flagged upcoming inflation reports as potential catalysts for a continued rally.

The leverage usage on cryptocurrency exchanges has seen a significant rise lately, indicating that the number of traders willing to take high-risk bets has increased. The trend has been brought into discussion by a recent post from Ali, a crypto expert, on the X platform.

The number of large Bitcoin holders has been growing as the geopolitical tension in the Middle East cools down. Whale addresses holding over $1 million in Bitcoin (BTC) declined from 111,906 to 107,835 between Sept.

As the market continues to mature, Bitcoin's integration into the DeFi ecosystem will accelerate at a pace that will leave its competitors scrambling to catch up.

It all began with the words: Bitcoin: A Peer-to-Peer Electronic Cash System. Now BTC is rarely used as cash.

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Bitcoin's market share has jumped to 54%, hitting its highest level since 2021!

Bitcoin (BTC) price closed last week trading above crucial support levels, thus flipping October to a bullish outlook.

Bitcoin bulls received a shot in the arm as a much better than expected US jobs figure was released on Friday. The $BTC price gained over the weekend as a result.

Key points:

The cryptocurrency market is alive with activity as Bitcoin recently crossed the $64,000 mark. This increase is not only benefiting Bitcoin but also sparking significant interest in memecoins, especially with tokens like MOG and POPCAT showing impressive gains.

A TON-based wallet drainer claimed it is shutting down operations due to the lack of whales in the network.

Chief macro strategist Henrik Zeberg has made bold predictions for the cryptocurrency in the final quarter of the year. Zeberg, who works with Swissblock, forecasts that Bitcoin could reach between $115,000 and $123,000, signaling a potentially explosive period for the digital asset.

Bitcoin stays at the top of the charts as the best-performing asset in 2024 regardless of its stubborn consolidation.

According to the latest report from New York Digital Investment Group (NYDIG), Bitcoin continues to stand out as the best-performing asset in 2024. Additionally, Q4 is expected to remain positive for Bitcoin's price, despite facing various challenges.

Metaplanet has made thirteen acquisitions since it began accumulating BTC on 23rd April.

Bitcoin‘s entry into the financial landscape has been remarkable. Many enthusiasts of the cryptocurrency industry demonstrate stark confidence in its potential to transform the monetary sector, further solidifying its stance as a promising investment asset.

Tokyo-listed investment firm Metaplanet has expanded its Bitcoin holdings by acquiring an additional 108.786 BTC for ¥1 billion, equivalent to about $6.7 million, at an average price of $61,904 per Bitcoin, as disclosed in a statement on Oct. 7. Since the beginning of this month, Metaplanet has been aggressively increasing its Bitcoin reserves.

While both Hut 8 and Irish Energy expanded operations, they reported contrasting results in Bitcoin production efficiency.

Bitcoin is attempting to break higher this week — but plenty of hurdles stand in the way of bulls looking for a sustained BTC price rally.

Metaplanet's Bitcoin holdings surpassed 639 BTC after a series of recent acquisitions.

Recently, ViaBTC announced its support for merged mining of Bitcoin (BTC) and Fractal Bitcoin (FB), further increasing the earnings of BTC miners. FB is a scalability solution on the Bitcoin network, utilizing the same mining algorithm as Bitcoin. This allows BTC miners to switch over and participate in FB mining seamlessly.

Anduro has developed the RWA project Avant alongside tokenization platform Vertalo.

Bitcoin has produced huge returns, but there is some downside to consider.