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Price analysis 10/11: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, DOT, MATIC
11.10.2023
Bitcoin and select major altcoins are under pressure as the September Producer Price Index report shows wholesale inflation surged to 0.5%, exceeding the markets' expectation
Biggest Crypto Gainers Today on DEXTools – Godzilla, AOKIJI, DEE
11.10.2023
Blue chip cryptocurrency prices are lower across the board on Wednesday in wake of the latest US Producer Price Index (PPI) inflation numbers, which came in hotter than expected.
Bitcoin (BTC) was down close to 2.5% on the day and back in the mid-$26,000s, its lowest level of the month so...
Bitcoin hits 2-week low on US inflation data — When will BTC price bounce?
11.10.2023
BTC price downside follows renewed inflation fears amid a prediction that Bitcoin might only reverse upward in December
‘Mr. Bitcoin Is About to Go Down Big’: Jim Cramer Expects Lower Prices
11.10.2023
Cramer in 2021 said he sold most of his bitcoin holdings
Crypto Bank Xapo Snags European Broker License, Will Offer Stocks Like Apple
11.10.2023
The Markets in Financial Instruments Directive (MiFID) license will soon allow the firm to offer S&P 500 stocks. In addition, Xapo, which has always been bitcoin-only, plans to add Ethereum’s ETH
Bitcoin, Ethereum Technical Analysis: BTC Hits 10-Day Low, Caroline Ellison Confirms Fraud on Behalf of SBF
11.10.2023
Bitcoin slipped to a ten-day low in today’s session, as the trial of Sam Bankman-Fried (SBF) continues. Caroline Ellison, the former CEO of Alameda Research, alleged that she committed fraud at the behest of SBF. Markets also declined ahead of the upcoming U.S. Producer Price Index, which...
HODLers Stash BTC Worth $1.35B Each Month, Onchain Data Show
11.10.2023
The continued accumulation shows tightening supply and a widespread reluctance to transact, according to Glassnode
Binance CEO Changpeng Zhao Shares Thoughts on Bitcoin Halving
11.10.2023
Changpeng “CZ” Zhao, founder and CEO of Binance, has shared his thoughts on the upcoming Bitcoin halving. Using Binance Feed, the X-like social feed of the exchange, Zhao explained that Bitcoin prices won’t double immediately after the halving and that new all-time high (ATH)...
Bitcoin Miner Hut 8 Halts BTC Sales, Remain Bullish on Price Ahead of Halving
11.10.2023
Bitcoin (BTC) miner Hut 8 produced 111 BTC in September without any sales to fund its operations as it prepares for the next halving.
The firm released its mining and production update for September with its capacity, growth, added investment, and partnerships.
Per the release, the miner holds...
Bitcoin 'death cross' sees BTC price dip $1K erasing Uptober gains
11.10.2023
BTC price erases all its month-to-date gains with Bitcoin traders predicting that $27,000 will not stay around long
Bitcoin Price Prediction: 2% Fall; Economy Booms, Fidelity Underscores BTC Role
11.10.2023
On Wednesday, Bitcoin price experienced a minor setback, with its price declining by 1.75% to trade at $27,325. This dip comes amidst a flourishing economy, suggesting that now might be an opportune moment for investors to delve deeper into the world of Bitcoin.
Notably, the stability of Bitcoin...
Iris Energy Boosts Mining Capacity With $19.6M Acquisition of Bitmain’s S21 Antminers
11.10.2023
The Nasdaq-listed bitcoin mining company Iris Energy has announced its acquisition of 1.4 exahash per second (EH/s) of Bitmain’s latest S21 Antminers. This acquisition will increase the company’s self-mining capacity by 25%, from 5.6 EH/s to 7 EH/s. Nasdaq-Listed Iris Energy Bolsters...
Bitcoin Stands Apart in the Crypto Economy, Fidelity Digital Assets Report Says
10.10.2023
A new report from Fidelity Digital Assets argues that Bitcoin is fundamentally different from other digital assets and should be evaluated separately when constructing crypto investment portfolios. Fidelity Digital Assets Highlights Distinctive Value and Assessment of Bitcoin in Crypto Portfolios...
Bitcoin Price Prediction as BTC Holds Steady at $27,500 Support – Is a Recovery Imminent?
10.10.2023
Bitcoin (BTC), the world's oldest and most valuable digital currency, couldn't climb above $28,000 recently.
This is because investors are feeling cautious due to the ongoing conflict between Israel and Hamas, which is becoming more intense.
However, the total value of all cryptocurrencies...
Biggest Crypto Gainers Today on DEXTools – DEE, KINGDOM, LOONG
10.10.2023
Major blue-chip cryptocurrencies continue to slide, with Bitcoin (BTC) last trading in the $27,300s, down close to 1%, and Ether (ETH) last trading just to the north of $1,550 and down a little over 1%.
Bitcoin remains in a short-term uptrend, but is threatening a downside break, which would...
Bitcoin’s Hashrate Hits Record High Amid Upcoming Reward Halving and Market Challenges
10.10.2023
A week ago, at block height 810,432, Bitcoin miners dealt with a 0.35% rise in difficulty. Yet, on October 8, the Bitcoin hashrate soared to a new record. According to the seven-day simple moving average (SMA), it touched an impressive 440 exahash per second (EH/s). Notably, less than 200 days...
BTC price rally in doubt? Bitcoin young supply echoes 2022 bear market
10.10.2023
Bitcoin on-chain transaction data shows "uncertain" conditions prevailing, research says, warning that Q2 is not likely to match BTC price gains from earlier in 2023
Hut 8 boosts self-mined Bitcoin reserves to 9.4K amid USBTC merger
10.10.2023
According to Hut 8 CEO Jaime Leverton, the new merged mining business will have “highly diversified fiat revenue streams.”
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Below $28,000 Ahead of Key US Economic Reports
10.10.2023
Bitcoin consolidated recent losses on Tuesday, as focus shifts to Wednesday’s Federal Open Market Committee (FOMC) minutes. Traders will look for guidance from the report, to see the Fed’s stance on the economy, after opting to keep rates unchanged last month. Ethereum remains below...
Bitcoin (BTC) sentiments shift to long-term holders
10.10.2023
Bitcoin’s volatility has increased to 340%. While this dates back to October 2, 2023, it shows that the month will be better for BTC. The effect is such that the price is trading positively at $27,664.40, an increase of 0.25% in the last 24 hours. Most importantly, Bitcoin seems to have changed...