Bitcoin (BTC) has experienced a wave of excitement over the past week, displaying a generally positive trend. However, the cryptocurrency faces critical challenges as it attempts to break through the significant resistance level at $65,000.
Analytics firm Santiment thinks Bitcoin (BTC) looks ripe for a dip as traders begin to feel exuberance over the crypto king's latest surge. The firm notes crowd sentiment has reached greedy levels after BTC's price gains this week. “This typically coincides with upcoming local tops.
Prominent Bitcoin supporter and JAN3 boss Samson Mow has endorsed the world's largest cryptocurrency in his latest tweet, underscoring the feature that ensures Bitcoin's scarcity.
Bitcoin is experiencing renewed momentum, driven by stablecoin liquidity and global economic shifts, with $70K within reach.
In the past few days, the overall cryptocurrency market has recovered nicely. Amid this recovery, asset management giant BlackRock has continued increasing its Bitcoin (BTC) holdings. On September 28, 2024, the asset manager purchased a significant 1,684 BTC worth $110.7 million, as shared by an on-chain analytic firm Lookonchain.
With two days remaining in September, bitcoin's monthly gain stands at 11.11%, setting the stage for the widely anticipated ‘Uptober.' Historically, October has been a strong month for bitcoin, delivering positive returns 81.82% of the time since 2013. ‘Uptober' on the Horizon: Bitcoin Looks to Buck September's Bearish History As of Saturday, Sept.
Bitcoin continues to capture the attention of traders and investors alike, recent technical patterns are suggesting a possible significant price rally on the horizon. The cryptocurrency, which has been relatively stable in recent weeks, has formed an inverse head and shoulders pattern—a signal that often indicates a reversal from a downtrend to an uptrend.
In what has been an “unusual” September, Bitcoin (BTC) has now recorded another positive weekly performance. According to data from CoinMarketCap, the maiden cryptocurrency surged by 5.07% in the last seven days, moving its cumulative gain in this month to 11.30%.
Bitcoin may be ready to climb to new levels over the next few months.
The Bitcoin halving, a highly anticipated event in the cryptocurrency world, is both a blessing and a curse for miners. It plays a critical role in controlling Bitcoin's supply by reducing the amount of new Bitcoin miners receive as a reward for validating transactions.
The price of Bitcoin put in another positive performance over the last seven days, looking to end the month and start October on an even stronger footing. Continuing its resurgence over the past few weeks, the premier cryptocurrency climbed as high as $66,000 on Friday, September 27th.
Bitcoin price has done modestly well this week as it soared to $66,000, rising to its highest level since July 31.
After Bitcoin (BTC) claimed its all-time high of above $73,000 in early 2024, most investors have set their target on the $100,000 mark as the next record valuation for the maiden cryptocurrency. Now, a trading expert has come forward, offering a blueprint to push Bitcoin toward this milestone.
On a low-volatility Saturday, Bitcoin experienced a slight dip of 0.13%, attempting to hold steady above the $65,000 mark. This minor pullback appears to be a brief cooling-off period, allowing the price to consolidate above key support after a three-week rally fueled by favorable macroeconomic events and renewed inflows into Bitcoin ETFs.
After less than a year of trading on Wall Street, U.S.-listed spot Bitcoin exchange-traded funds (ETFs) are well on pace to surpass the estimated BTC stack of Satoshi Nakamoto, the mysterious inventor of the flagship cryptocurrency.
On Friday, U.S. spot bitcoin exchange-traded funds (ETFs) continued their upward momentum, raking in a sizable $494.27 million in inflows. Spot ethereum ETFs followed suit, adding $58.65 million to their tally. Bitcoin ETFs Lead the Charge with $494M Inflows; Ethereum ETFs See Strong Growth Data from sosovalue.xyz shows that 12 U.S.
A widely followed crypto analyst believes Bitcoin (BTC) may hit six figures before the year's end as the top digital asset by market cap reclaims the $65,000 level. Crypto trader Michaël van de Poppe tells his 725,400 followers on the social media platform X that Bitcoin may increase more than 53% from its current value.
Bitcoin, the world's leading cryptocurrency, is showing signs that it may soon attempt to reach its all-time high of around $73,700. Recent analysis suggests that while many traders are optimistic, the dynamics of the market might lead to varying reactions, especially as the U.S. elections approach.
Bitcoin's price has broken post a key level recently and is seemingly targeting a new all-time high in the short term. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the price has finally broken above the $64K level and the 200-day moving average, which is located around the same mark.
10xResearch analysts who had correctly predicted the Bitcoin price run-up to a new all-time high earlier in the year have turned bullish once again. In a recent report by 10xResearch Head of Research, Markus Thielen, the analysts point out a number of factors that have seen the BTC price turn bullish.
Bitcoin might be due a price correction soon, but will that happen now?
Bitcoin has experienced a bullish week, surging 6% since Wednesday, igniting excitement among analysts and investors who believe this could be the beginning of the next major rally. The last significant rally, from January to March, propelled Bitcoin's price up by 91%, nearing all-time highs.
NFT sales saw a solid increase this week, climbing 4.87% from the previous period to reach a total of $79.38 million. According to cryptoslam.io, the number of NFT buyers jumped by 34.13%, while sellers grew by 28.72%.
With a strong bullish reversal, the cryptocurrency market has recorded a significant uptrend over the past few days. Moreover, the Bitcoin price has breached its important resistance of $64k and is on the verge of testing its upper high.
Bitcoin and Ethereum ETFs (exchange-traded funds) recorded the highest multi-week inflows in the session ending Friday, September 27. This comes amid ongoing chatter about the crypto market's recovery.
Bitcoin traders are keeping a close watch on key economic indicators from the United States, as BTC's price bounces back 2% on September 26. After dipping to around $62,700, Bitcoin has shown resilience, suggesting a potential upward momentum as the market awaits significant macroeconomic data, including GDP figures and unemployment statistics.
Bitcoin up 22% in September thanks to the Coinbase Premium. BTC could soon reach unprecedented heights!
Bitcoin has surged past $65,000, boosted by China's stimulus measures and stablecoin inflows.
On-chain data analytics platform Arkham Intelligence recently disclosed the combined Bitcoin holdings owned by Elon Musk's firms, Tesla and SpaceX. The disclosure comes amid rising momentum in the price of Bitcoin (BTC) following the 50 basis points rate cut implemented by the U.S. Federal Reserve earlier this month.
Liquidity flowing into spot Bitcoin ETFs surpassed $1b this week; Will there be a new all-time high for the top cryptocurrency over the next three months?
Bitcoin and crypto prices have surged this week, climbing as traders brace for a major earthquake.
Here's why this crypto VC founder believes this might be last important BTC halving.
Arthur Hayes, co-founder of BitMEX, highlighted the contrast between the vibrant crypto community and traditional finance while predicting a "volatility supercycle" in his latest essay. What Happened: Hayes admitted that his short-term predictions are often inaccurate, but the overarching thesis of central bank intervention remains valid.
The S&P 500 index currently looks bullish. At present, it stands at 5,738.16. Since its mid-March peak of 5,253.63, the market has achieved at least 9.22% growth. Miles Deutsher, a crypto expert, conducted a comparative analysis between the S&P 500 market and the Bitcoin market. Some of the insights from his analysis are truly astounding.
BlackRock's recent endorsement of Bitcoin highlights the cryptocurrency's potential to grow for years to come.
A closely followed crypto strategist and trader says one enterprise solutions project may have more upside potential. Pseudonymous analyst Altcoin Sherpa tells his 222,700 followers on the social media platform X that Zilliqa (ZIL) may continue its breakout on the weekly chart.
The last time the correlation between the asset classes was this high was during the 2022 correction.
Israeli military on Saturday claims it has killed Hezbollah leader Hassan Nasrallah in an airstrike, raising geopolitical tensions in the global markets. Bitcoin price has slipped nearly 1% to $65.6K in the last few hours, risking further retracement to low support levels.
Cryptocurrency analyst Leon Waidmann, Onchain Foundation's Head of Research, tracked the liquidity dynamics in Bitcoin- and Ethereum-based investment products of Grayscale since the moment of conversion to spot ETFs. So far, Ethereum (ETH) demonstrates better potential.
Bitcoin has shown bullish momentum during the past day, but an analyst has pointed out how the asset may be in a high-risk zone now due to the Open Interest trend. Bitcoin Open Interest Has Seen A Rapid Increase Recently As explained by CryptoQuant community manager Maartunn in a new post on X, the Bitcoin Open Interest has just surged to high levels.
One of the top NBA players in the past, Scottie Pippen, continues to attract ridicule by posting about Satoshi Nakamoto talking to him in his dream and passing secret knowledge about future Bitcoin price moves.
U.S.-listed spot Bitcoin ETFs finish the week strong, pulling a combined $1.1. billion amid renewed institutional interest in BTC.
In a recent interview with Fox Business, Howard Lutnick, the CEO of Cantor Fitzgerald, strongly criticized Bitcoin skeptics and made a bold statement in favor of BTC. His statement has triggered discussions across social media platforms. Many have come forward to openly support the views of Lutnick. Let's analyze his statement and its possible impact.
Bitcoin has recovered, hitting an intraday peak of $66,376, up 1.29% today and 5% over the past week. Bitcoin's price surge comes after the release of the US PCE report and the Federal Reserve's decision to lower interest rates.
10x Research founder Markus Thielen has predicted that the Bitcoin price would reclaim $70,000 in the next two weeks and break above its current all-time high (ATH) of $73,000 by late October. He also alluded to the surge in stablecoin liquidity and China's recent monetary easing policy as what could fuel this crypto rally.
Bitcoin has been navigating a prolonged accumulation phase since it reached its peak in mid-March. Initially dominated by institutional and long-term investors, this trend is now witnessing a significant shift as retail investors step in to bolster Bitcoin's prospects.
With a bullish trend in the crypto market, Bitcoin enthusiasts are anticipating a new all-time high. Similarly, Ethereum and XRP holders anticipate a trend reversal rally to create new 52-week highs before 2024 ends. With the high hopes of a bull run, BTC, ETH, and XRP signal a massive jump this week.