Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) exchange-traded funds (ETFs) saw an inflow surge totaling $407 million last week. The inflow was driven primarily by shifting political winds rather than monetary policy considerations.
The price of XRP has picked up again after a seemingly troubled start to the month. The price of the digital currency, per data from CoinMarketCap, is up 2.4% in 24 hours to $0.5397.
Prominent Bitcoiner Michael Saylor, the founder and currently the executive chairman of MicroStrategy, has addressed the millions of his followers on X to share a crash course in Bitcoin with them.
Bitcoin and other cryptocurrencies started the week well, buoyed by ongoing stimulus discussions in China, the world's second-largest economy. Bitcoin (BTC) crossed the important resistance point of $65,000 for the first time since Sept.
Despite the ongoing Ripple vs SEC case and market uncertainty, XRP is witnessing a remarkable 266% surge in buying from institutional investors. Last week, institutional purchases jumped to $1.1 million, up significantly from just $0.3 million the previous week.
Jefferies investment banking firm released a report indicating Bitcoin mining profitability fell in September. According to the report, miners had difficulty dealing with increasing hashrate and stagnant BTC prices.
Russia boosts Bitcoin mining in Buryatia with a new power plant, enhancing energy supply and strengthening its crypto industry.
TL;DR $407M Inflows: Digital asset investment products saw a significant surge in inflows, reaching $407 million in one week, driven by investor sentiment around the upcoming U.S. elections. Bitcoin Dominates: Bitcoin led the inflows with $419 million, highlighting its dominance and investor confidence, while Ethereum faced outflows of $9.8 million.
Bitcoin is looking strong right now, showing low volatility and potential for growth. It's currently above the 21-week exponential moving average, which is a positive sign. With the November 5th elections approaching, we may soon see significant price movements.
Crypto Market Overview: The overall market capitalization of cryptocurrencies increased by 3% in the last day to reach $2.25 trillion, indicating that the industry is trending upward globally. A notable increase of 53.90% in 24-hour trading volumes indicates a general increase in investor activity.
According to a recent analysis by the New York Digital Investment Group (NYDIG), Bitcoin has demonstrated superior returns compared to various asset classes, despite its notable volatility.
Bitcoin has risen approximately 2.14% in the past 24 hours, trading at around $64,300 in Monday afternoon sessions in Asia.
Bitcoin (BTC) has defied the odds today by igniting a notable price surge. Remarkably, it has tested new levels as more gains are now expected from the leading cryptocurrency on the market.
Bitcoin analysts have become optimistic about the asset's price amid its surge beyond $64,000, with some believing the “summer lull is behind us.”
Approximately 45,000 BTC are still to be returned, and they will be returned only in 2025.
XRP is back in the news after CoinShares released its latest weekly report on investments in exchange-traded products focused on digital assets. The report once again put the spotlight on the popular cryptocurrency.
Former President Donald Trump's decision to launch a cryptocurrency token sale for his project, World Liberty Financial (WLFI), has attracted widespread backlash from prominent figures in the crypto world.
Amid ongoing regulatory battles and market uncertainty, investors are questioning the future of the XRP price. The SEC's efforts to overturn the non-security ruling have heightened fear, uncertainty, and doubt (FUD), raising concerns about whether XRP could face a catastrophic drop to zero.
Samara Asset Group, a publicly listed asset management firm, shares rose by around 15% after it announced moves to increase its Bitcoin holdings. On Oct. 14, the company announced that it had appointed Pareto Securities as the sole manager to organize a series of fixed-income investor meetings to raise €30 million ($32.
TL;DR Samara Asset Group plans to issue a €30 million bond to expand its Bitcoin holdings and diversify its investment portfolio. The bond will be listed on the Oslo and Frankfurt stock exchanges, with proceeds used to acquire stakes in alternative investment funds and increase Bitcoin positions.
On Sunday, Bitcoin (BTC) price rose nearly 4% after forming a local bottom on Saturday at $62,052. This uptrend beat crypto market expectations of a correction.
Bitcoin's price is finally showing some promising signs of bullish continuation. The big question now is if the consolidation period is over or if this is just a temporary bounce.
XRP has been one of the underperformers in the current crypto market cycle, remaining approximately 86% below its all-time high of $3.84 reached on January 4, 2018. Remarkably, despite significant fluctuations in the meantime, XRP is trading at a price similar to where it was one two years ago in October 2022.
The Bitcoin price is back above $64,000, sparking bullish sentiments that the long-awaited ‘Uptober' rally is set to begin. Certain macro events are happening this week, which market participants should watch out for as they could impact the crypto market.
Billy Markus, known on social media as Shibetoshi Nakamoto, who teamed up in 2013 with Jackson Palmer to create the iconic meme-inspired cryptocurrency Dogecoin, has taken to his account on the X platform to share his joy over Elon Musk's SpaceX's most recent major achievement.
But interestingly, as of press time, searching for “DOGE” still shows Dogecoin's price chart.
Other crypto-related terms paint a mixed picture, with “NFTs” and “DeFi” also at the lows, while hot topics like “memecoins” are on the rise.
As major financial institutions continue to take an interest in Ripple for its cross-border payment solutions, its token XRP faces a technical barrier that hinders its rise. However, a renewed interest from whales in XRP has been observed in recent days, suggesting bullish long-term expectations.
The Bitcoin market looks bullish right now. In the last seven days, the Bitcoin market has experienced a surge of 2.7%. Can the market continue this bullish momentum this week? The market opened the week on a positive note. At the start of today, the price was around $62,886. Now, it stands at $64,828.
"Investors were hoping Saturday's event with China's finance ministry would hold all the answers; instead, it was too top level to sustain the market's optimism.
The end of the memecoin supercycle is here, with capital reallocation hinting at an impending broader market correction.
As the cryptocurrency defines changing landscapes, one of the inhabitants of the Ripple (XRP) ecosystem, an XRP whale remains bullish on a $6 price target.
Solv Protocol's SolvBTC product has more than 20,000 BTC staked ($1.24 billion) deployed across 10 major blockchain networks.
In a significant development for the cryptocurrency market, Ripple has minted a staggering 4.5 million RLUSD stablecoins within 24 hours.
As of Oct. 14, 2024, bitcoin (BTC) is trading at $64,905, with its 24-hour range spanning from $62,059 to $64,915. The leading cryptocurrency's market capitalization sits at $1.28 trillion, while 24-hour trading volume has reached $29.38 billion.
While MicroStrategy remains the indisputable largest corporate holder of Bitcoin, Japan-based Metaplanet is holding the Fort in Asia, and now Samara may be coming in pacily behind.
Bitcoin's surge and altcoin rally suggest a potential prolonged bullish trend, influenced by global economic factors and political events. The post Bitcoin breaks $65,000 level, altcoins eye “up-only” season appeared first on Crypto Briefing.
XRP saw massive buying by institutional investors as the U.S. Securities and Exchange Commission and Ripple agreed to continue the legal fight in the Second Circuit Court of Appeals. With Ripple's recent SEC lawsuit win in a district court and an upper hand in the circuit court, investors seemed more upbeat about a huge upcoming
TL;DR Bitcoin Surges Past $64K: Bitcoin (BTC) reached a peak of $64,173 on October 14, 2024, leading to over $100 million in short position liquidations and impacting more than 54,000 traders globally. Impact on Short Positions: The price spike caused significant liquidations, with Bitcoin shorts alone accounting for $52.90 million.
Solana (SOL), XRP, and Shiba Inu (SHIB) are crypto's top contenders for the next potential breakout. These coins have distinct support and resistance levels, setting the stage for possible rallies.
Today marks a positive day for most cryptocurrencies, with Solana, Bitcoin, and Ethereum leading the top 10 with impressive surges. But what to expect from each?
The cryptocurrency market has witnessed significant fluctuations and developments over the past few weeks, impacting the prices and sentiments surrounding various assets, including Uniswap (UNI) token, XRP, and FTX's FTT token, XRP. FTX's FTT token navigating a caution market sentiment FTX's FTT token is currently priced at $2.02, reflecting a 3.
Samara Asset Group will issue a €30 million ($32.8 million) bond through Pareto Securities, which it will use to expand its Bitcoin reserves and diversify its holdings. According to the investment firm's press release on Oct.
In recent years, the cryptocurrency landscape has undergone significant changes, with one of the most striking shifts being China's evolving stance on Bitcoin and crypto-related activities. Despite the Chinese government's 2021 ban on cryptocurrency trading and mining, China remains a dominant player in Bitcoin mining.
Well-known Bitcoin critic Peter Schiff has sparked controversy in the crypto community once more by replying to a tweet from Michael Saylor. Saylor wrote about how MicroStrategy's stock has performed well, praising the company's Bitcoin strategy for outperforming other top stocks in the S&P 500.
Bitcoin (BTC) registered a weekend bounce after briefly dropping below $60,000. The world's largest cryptocurrency has been up by almost 3% over the past 24 hours and is currently trading around the $64,500 mark, with buyers eying the $65,000 price level.
Monochrome, a leading Australian crypto investment firm, is poised to launch the country's first spot ether (ETH) exchange-traded fund (ETF) on Tuesday. The Monochrome Ethereum ETF (IETH) will debut at 10:00 local time, marking a major milestone for the Australian crypto investment landscape. This follows the successful launch of Monochrome's spot bitcoin ETF in August.
Bitcoin price has skyrocketed to $64,400, jumping an astonishing 10% since the U.S. Consumer Price Index (CPI) report on October 10. This surge has ignited interest among crypto enthusiasts, as new data from CryptoQuant CEO Ki Young Ju reveals shifting market sentiments as even multiple indicators hint at a bullish breakout for Bitcoin.