TL;DR Bitcoin (BTC) leads trader interest due to “Uptober” optimism and rising institutional attention, followed by the meme coin Neiro (NEIRO) hitting an all-time high. Third place goes to the native token of a popular cryptocurrency exchange, whose price briefly plunged by double digits on October 7. Here are the Leaders According to the crypto…
Tokyo-listed Bitcoin holder Metaplanet has purchased an additional 108.786 Bitcoin for 1 billion yen, reflecting its ongoing bullish stance on the crypto asset. The latest stash is worth around $6.7 million. Metaplanet Expands Bitcoin Holdings According to the official statement released on Monday, Metaplanet – often referred to as Japan’s MicroStrategy – now holds 639.503…
Crypto markets gained over the weekend and are holding on to momentum in early Monday trading in Asia. This week’s raft of economic and inflation reports could give them a further boost, especially if the probability of another large rate cut increases. “A November 50 basis point rate cut was almost entirely priced out last…
Bitcoin’s price has recently experienced a decline following news of conflict in the Middle East. However, the market has seemingly found a footing. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart The daily chart shows that the price has recently broken below the $64K level and the 200-day moving average in the same area….
The cryptocurrency market went through a relatively volatile 24 hours, where Bitcoin took center stage and managed to increase above $62,000. The uptick has also given leeway to smaller-cap altcoins to recover, with one viral meme coin exploding by as much as 25% on the day. Let’s dig in. Bitcoin Bulls Reappear, Push Price Above…
The crypto market tumbled significantly as geopolitical tensions escalated after Iran launched missile strikes on Israel. Bitcoin, for one, dropped below $60,500 before staging a modest recovery. Despite this, demand from United States-based investors remains high, according to recent findings. Such a trend could provide Bitcoin with a respite from the bears. US Investor Demand…
Bitcoin (BTC) usually performs well in the fourth quarter of bull cycle years, especially after halving events. CryptoQuant analysts say this year will be no different; however, things are not adding up. According to a CryptoQuant report, Bitcoin’s apparent demand growth is still slow, and it will need to grow at faster rates to propel…
Approximately 17,400 Bitcoin options contracts are due for expiry on Friday, Oct. 4. These contracts have a notional value of around $1 billion. Today’s options expiry is much smaller than last week’s mammoth end-of-the-month and end-of-the-quarter event, so it is unlikely to impact spot markets, which have been retreating this week. Bitcoin Options Expiry This…
Bitcoin (BTC) faces the risk of falling below its current level of $60,000 in the coming hours due to escalating geopolitical tensions in the Middle East. Analysts at British multinational bank Standard Chartered said in a note accessed by The Block that the chances of BTC declining further are high; however, investors should consider the…
Bitcoin climbed past $61,400 on Wednesday after taking a major tumble amid escalating conflict in the Middle East, dampening expectations for an October rally. Analysts now suggest that Bitcoin’s attempt to reclaim its all-time high near $74,000 could take longer than anticipated. October’s Rocky Start For Bitcoin Prominent Bitcoin analyst Willy Woo said that Bitcoin’s…
Bitcoin’s price is currently trending down as a result of the potential war brewing in the Middle East. A key level is lost, which could lead to a further decline in the short term. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart In the daily timeframe, the BTC price dropped below the key $64K…
The cryptocurrency market’s total capitalization crashed by a whopping 5.2% in the past 24 hours. It is currently down to about $2.75 trillion. Total liquidations across the derivatives market also spiked above $500 million for the period. Most of them came from BTC traders, but the situation isn’t any better in the altcoins segment. Bitcoin…
Bitcoin prices dumped almost $4,000 in less than 24 hours following an Iranian missile strike on Israel late on Oct. 1. The asset was trading at just over $64,000 on Tuesday but it tanked hard to bottom out at a little above $60,000 following the attack. BTC has since recovered to around $61,700 during Wednesday…
Bitcoin’s price took another turn for the worse in the past hour or so, dumping by several grand to a multi-week low of under $62,000. This is the asset’s lowest price tag since the US Federal Reserve cut the interest rates in mid-September. CryptoPotato reported in the morning that BTC had recovered some ground following…
Bitcoin soared in mid-September when the US Federal Reserve announced the first interest rate cut in over four years. As such, many expected this to be the case after Powell’s speech on Monday, but they have been proven wrong. The question arises of why BTC failed to produce impressive gains despite the Fed Chair’s hint…
September is often dubbed ‘Slumptember’ as Bitcoin and crypto assets have historically recorded losses during this month with the odd exception. However, this September ended with the best performance, as noted by analyst Rekt Capital on Sept. 30. He reported that BTC increased by 7.75% in September, beating its previous record of 6% in 2016….
Bitcoin appears to have defied the historical trend of negative return for September, with almost 9% in gains for the month. At the time of writing, Bitcoin is trading above $64,000. As such, experts are now betting on a more favourable market conditions and a continued bullish trend for the world’s leading crypto asset. Room…
On September 27, bitcoin (BTC) reclaimed a trading price of $66,500 for the first time since late July. This surge was accompanied by bullish sentiments from many investors. Instead of going higher, the leading crypto asset has tanked below $64,000 at press time. Blockchain market intelligence platform Santiment shares insight into a possible reason behind…
Bitcoin’s recent price surge toward $66,000 has led to heightened optimism, but the market now faces a potential retracement phase. The $66K resistance level is proving to be a formidable barrier, and BTC is likely to undergo a period of consolidation or correction before determining its next major trend. Technical Analysis By Shayan The Daily…
Despite the gains, there’re some worrying signs ahead of Uptober. Source link
The crypto market continues its Monday correction, as bitcoin slumped by another grand or so in the past hour, dropping to just over $63,000. This comes just hours before the US Fed’s Chair, Jerome Powell, speaks in Nashville, Tennessee, where he is expected to elaborate on the central bank’s monetary policy pivot. CryptoPotato reported earlier…
Crypto markets were retreating heavily during early Monday morning trading in Asia, how low they go may be influenced by this week’s economic events. There are eleven Federal Reserve speaker events this week and a raft of economic data that could set the scene for the final quarter as Q3 comes to a close. Economic…
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….
Bitcoin’s correlation with Wall Street has been climbing for the past several months and, earlier this week, hit a multi-year peak. This comes at an intriguing time since a few of the largest and most prominent US stock market indexes charted new all-time highs this week. BTC-Wall Street Correction Rises The Fed’s interest rate cut…
It’s been a very positive week for the cryptocurrency market. The total capitalization managed to add around $140 billion and is currently more than $2.4 trillion. This comes on the back of impressive performances from many coins, but let’s start with Bitcoin. BTC is currently attempting to push above $66K, a price it hasn’t seen…
Spot Bitcoin ETFs have proved to have a major impact on the underlying asset’s price movements, which could hint at upcoming rallies for BTC. This is because investors allocated more than $360 million in net inflows into the US-based ETFs yesterday, the highest levels in over two months. Demand for Spot BTC ETFs Rises CryptoPotato…
Bitcoin’s price is currently at a critical level, and its reaction will likely determine the mid-term trend of the entire crypto market. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the asset has been rallying since it rebounded from the $52K support level and has broken both the $56K and…
Bitcoin’s price is on the run again, as the asset has jumped past $65,000 for the first time in a month. This has more than 90% of its holders in profit, which could actually mean danger for the largest cryptocurrency. Bitcoin is steadily climbing, and with it, the number of holders in profit. If $BTC…
Bitcoin’s price has been on a positive trend for the past week but it has unsuccessfully challenged the $65,000 level a few times. According to on-chain data, BTC whales have been offloading a lot of their holdings lately, which could suggest more trouble on the horizon if they continue. #Bitcoin whales sold over 20,000 $BTC…
TL;DR XRP has consolidated around $0.58-$0.60. Analysts predict either a new all-time high or a significant price correction. Shiba Inu hit a milestone with over 7 million processed blocks on Shibarium, sparking optimism for further price growth, as the coin reached a one-month high. Bitcoin’s uptrend has slowed at around $63,500, with analysts predicting either…
Bitcoin’s correlation with one of the oldest and arguably the safest investment instruments, gold, has risen to a five-month peak, according to data from IntoTheBlock. At the same time, Ethereum’s numbers point to precisely the opposite, even though ETH is supposed to be ultra-sound money following some of its updates in the past few years….
On Sept. 25, the founder of Lyn Alden Investment Strategy announced that her recently commissioned research paper has measured global money creation relative to other asset classes. Alden’s paper revealed that bitcoin moves in the direction of global money supply (M2) 83% of the time and more than other assets. Bitcoin has demonstrated a strong…
Bitcoin’s (BTC) price is currently on an upward momentum, and there is a chance the crypto asset could surge higher, according to on-chain data. A report from the pseudonymous CryptoQuant analyst Avocado revealed that several on-chain support levels suggest a positive turning point for BTC in the long term, indicating that the cryptocurrency is still…
A dormant bitcoin whale address was reactivated earlier today, according to data from Arkham Intelligence, and has moved 5 BTC to the crypto exchange Kraken. This was their third BTC transfer in the past few weeks after being silent for a decade, said the popular resource. Arkham data shows that the wallet received the bitcoin…
Last week, the Federal Reserve reduced its interest rate by 50 basic points, allowing increased cash flow in the United States. Two days after the rate reduction, bitcoin’s price surged past $64,000, reigniting confidence in the market. According to Bitfinex’s latest weekly report, the jump in BTC price was influenced by increased activities within the…
TL;DR Bitcoin surged past $63,000 after a Fed rate cut, with experts predicting a potential bull market soon. Rising open interest suggests possible volatility ahead, with both bullish and bearish scenarios. A Major Rally in the Following Days? Despite not starting September on the right foot, Bitcoin (BTC) experienced an uptrend following the US Federal…
TL;DR SHIB has seen a solid price increase recently, with analysts predicting major bull run in the following months. However, the token’s market cap should reach ridiculous levels for some of the forecast to see the light of day. Pi Network extended its KYC and migration deadlines to November and December 2024, with the community…
Crypto markets have held on to last week’s gains over the weekend following a boost from the Federal Reserve’s 0.5% interest rate cut. This week has a number of reports on consumer sentiment, gross domestic product, and more inflation data. “Expect more volatility and larger swings as markets shift attention to the next Fed meeting,”…
After a quiet weekend in which it stood primarily around $63,000, BTC went on the offensive during the Monday morning Asian trading session but was stopped at just under $65,000. The subsequent rejection brought some more volatility to the market, which has liquidated over 60,000 traders on a daily scale. Bitcoin’s price actions were quite…
The precious metal has had a highly impressive year, having surged by about 27% and tapping a new all-time high just on Friday. However, does this impressive YTD increase mean that it has done better than bitcoin, which is far from its ATH? Gold Dominates 2024 Perhaps driven by the overall macroeconomic situation, with a…
The past ten days or so went quite positively for bitcoin as the asset added almost ten grand within this timeframe, mostly fueled by the US Federal Reserve’s decision to reduce the key interest rates. However, certain social metrics suggest that the cryptocurrency’s run could be over, at least in the short term. FOMO to…
MicroStrategy has just announced raising $1.01 billion in an upsized offering to convertible notes at 0.625% Coupon and 40% conversion Premium. The company detailed how it plans to use the funds in the press release itself, but Michael Saylor already jumped the gun and revealed a massive BTC buy. MicroStrategy has acquired 7,420 BTC for…
A key metric that indicates US investors’ interest in bitcoin turned negative on Friday. Experts, however, believe that this flip could positively affect BTC’s price. Coinbase Bitcoin Premium Records Negative Value According to a report by a CryptoQuant analyst, the Coinbase Premium recently recorded a significant negative value. The Coinbase Premium Index is an indicator…
There’s been no shortage of news over the past seven days. During this period, the total cryptocurrency market capitalization managed to add close to $140 billion. This happened on the back of significant gains charted by the majority of coins, so let’s take a closer look. First things first, the long-anticipated rate cut is now…
The cryptocurrency market saw some long-time coming revival after the United States Federal Reserve cut the interest rates on Wednesday for the first time in about four years. The two largest digital assets went on a run, jumping by roughly 10% in the past few days. BTC Price Rises Amid ETF Inflows The 11 spot…
Around 20,000 Bitcoin options contracts are due for expiry on Friday, Sept. 20. These crypto derivatives have a notional value of around $1.26 billion. Today’s options expiry is very similar in size to last week’s expiry event, which did not have much of an impact on crypto spot markets. Next week’s expiry is an end-of-month…
Despite a slowdown in Bitcoin (BTC) whale accumulation, the weekly net flows among these large holders (addresses with at least 1,000 BTC) have remained positive for nearly four months. Positive net flows indicate that more BTC is entering these wallets than leaving, suggesting potential buying pressure, while negative net flows mean more BTC is flowing…
TL;DR Bitcoin surged past $62,000 after the US Fed lowered interest rates, with 88% of holders now in profit. Analysts remain bullish on BTC, predicting further gains if it reclaims the $65,000 resistance level, with optimism growing for an extended bull run. The Major Achievement Bitcoin’s price witnessed a substantial uptick lately, crossing $62,000 following…
BTC has gained almost 5% over the past 12 hours, topping $62,000 for the first time in more than three weeks. The asset climbed from an intraday low of $59,200 to tap $62,600 before retreating slightly during the Wednesday morning Asian trading session. In a post on X on Sept. 19, crypto analyst ‘Nebraskangooner’ called…
As repeatedly said in the past few days, all financial markets, especially crypto, were focused on the FOMC meeting that took place on September 18 as the US central bank was expected to lower the interest rates for the first time in about four years. Once that came to fruition, markets went berserk, with massive…