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.
A widely followed cryptocurrency analyst and trader is outlining the potential path forward for a memecoin that's exploded by over 9x in days.
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.
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.
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.
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”.
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.
WBIT, ENA, and MOG posted significant gains this week as Bitcoin surged past $68K.
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.
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Google reintegrates crypto charts for Bitcoin and Ethereum prices after a heavy suspension! What happened?
Bitcoin's recent price surge to surpass the $68,000 mark has left a staggering 95% of Bitcoin addresses on chain enter a state of profit, which has led to a boom in market sentiment amid the recovery.
The surge in Bitcoin ETF inflows highlights growing investor confidence and could signal increased mainstream acceptance of cryptocurrency assets. The post Bitcoin ETFs hit $21 billion net inflows as weekly purchases top $2 billion appeared first on Crypto Briefing.
Bitcoin Spot ETF inflows surged to $274M on October 18, continuing a six-day streak of positive net gains, highlighting strong investor interest.
The crypto prices today sparked investor curiosity globally, with the top coins preventing further downside momentum. Bitcoin (BTC) price maintained a hold above the $68K level, whereas Ethereum (ETH), Solana (SOL), and XRP prices traded in the green.
Investor demand for Bitcoin is increasingly met through ETFs rather than direct purchases.
For years, the financial community has debated on the best and safest investment during uncertain times. For most conservative traders and investors, bonds are an obvious choice.
Bitcoin (BTC) has been on an upward trend in recent weeks, showing positive price movements that appear quite appealing to investors. According to a recent CryptoQuant analysis, a key metric, “active address momentum,” paints a bullish picture for the cryptocurrency.
The SEC recently shook up the crypto world by approving options trading on bitcoin ETFs. If you're into crypto, this news is big. With this approval, the door is wide open for investors to dig deeper into bitcoin-related products, and it might change how the market operates.
The U.S. SEC has granted accelerated approval for Bitcoin ETF options trading on the NYSE and Cboe.
Litecoin (LTC) has seen a notable increase in price, rising by more than 14% over the past two weeks. As of Friday, October 18, Litecoin is trading at around $73.86 during the early Asian market session.
The Bitcoin price has been facing some bearish heat since the early trading hours after elevating the levels above the crucial support. While some may expect a pullback during the weekend, the crypto is believed to manifest a strong bullish action.
Bitcoin, the world's leading cryptocurrency, is making headlines again as it recently surpassed $68,000 for the first time since July. This surge has ignited excitement among investors and crypto enthusiasts alike, with many wondering if this is just the beginning of an even bigger rally.