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BTC’s Future in Focus: 4 Key Factors That Could Drive or Stall Its 2024 Rally
4.10.2024
At press time, the crypto economy is cruising at $2.14 trillion, following a modest uptick Friday morning. There are 88 days left in the year, 32 days until the 2024 U.S. Election Day, and 34 days until the Federal Reserve’s next meeting. With numerous developments, including rising tensions...
US jobs report signals fewer rate cuts, still bullish for BTC: Grayscale
4.10.2024
The bullish jobs report adds fuel to hopes for an “Uptober” and fourth-quarter rally in Bitcoin’s price
‘Uptober’ builds strength as Bitcoin held on exchanges falls to 6-year low
4.10.2024
Bitcoin held on exchanges fell to a new low while spot Bitcoin ETF inflows resumed pace. Is Uptober back on?
Bitcoin Nears $62K as Crypto Rebounds on Jobs Report and Rate Cut Hopes
4.10.2024
On Friday, the global crypto market saw a boost in value, with bitcoin (BTC) climbing 2.29%, approaching the $62,000 mark at 9:30 a.m. EDT. Ethereum (ETH) joined the upward trend, gaining a more modest 1.6%, pushing toward the $2,400 level. Bitcoin and Ethereum Climb Following U.S. Jobs Report This...
U.S. Added Blowout 254K Jobs in September, Unemployment Rate Dips to 4.1%
4.10.2024
New Bitcoin Investors Show Confidence Amid Market Recovery, Says Glassnode
2.10.2024
In a report by Glassnode and researchers Cryptovizart and Ukuria OC, bitcoin has reclaimed a key short-term cost basis after the Federal Reserve’s recent interest rate cut. This recovery signals the potential for further price momentum, although broader market conditions remain cautious....
$100K Bitcoin price depends on 'increasing demand' and ‘favorable seasonality’ — CryptoQuant
2.10.2024
History favors Bitcoin’s price prospects for Q4, but CryptoQuant analysts caution that a consistent uptick in demand will be a critical component.
QCP Capital: Middle East Tensions Hit Bitcoin Harder Than Traditional Markets
2.10.2024
In its Oct. 2 market analysis, QCP Capital highlights the effect of escalating Middle Eastern conflicts on traditional financial (tradefi) assets and the cryptocurrency market. According to QCP’s researchers, the market response has been muted in tradefi, but risk assets and digital...
DeFi resurgence driven by Fed cuts, China, key protocols
1.10.2024
An Apollo Crypto report links DeFi resurgence to US Federal Reserve rate cuts, China’s credit expansion and improved DeFi infrastructure
Bitcoin drops to $63K, fails to rebound after Fed hints at future interest rate cuts
1.10.2024
Bitcoin surprised traders by opening the week in the red, and the Federal Reserve’s announcement about future rate cuts failed to reverse the downtrend
Pre-Bull Signs Abound
30.9.2024
This editorial is from last week’s newsletter, Week in Review. Subscribe to the newsletter to get this editorial the second it’s finished, which also includes the biggest stories of the week and a comment on each story. Pre-Bull Sentiment Rises This week it felt like the entirety of...
Bitcoin monthly close, fresh bullish narratives lead BTC traders to aim for new price highs
29.9.2024
Bitcoin’s monthly close could reverse a 6-month-long downtrend and signal traders’ intent to push BTC price to new highs.
Bitcoin monthly close, fresh bullish narratives lead BTC traders to aim for new price highs
29.9.2024
Bitcoin’s monthly close could reverse a 6-month-long downtrend and signal traders’ intent to push BTC price to new highs.
Bitcoin monthly close, fresh bullish narratives lead BTC traders to aim for new price highs
29.9.2024
Bitcoin’s monthly close could reverse a 6-month-long downtrend and signal traders’ intent to push BTC price to new highs.
QCP Capital: Risk Assets Rise on Global Stimulus Outlook
28.9.2024
According to a weekend market insights analysis provided by QCP Capital, risk assets experienced a notable rally this week, driven by central bank stimulus measures and key political developments. Analysts from QCP highlighted multiple factors contributing to the uptick, including economic support...
CME Fedwatch Favors Half-Point Cut Ahead of FOMC Meeting
28.9.2024
In just 40 days, the U.S. Federal Open Market Committee (FOMC) will gather to decide whether the central bank will lower the benchmark interest rate. This pivotal moment occurs two days after the 2024 U.S. Election Day. As it stands, CME futures data suggests that a half-point reduction...
Bitcoin Tops $66K as Inflation Cools, $9.67M in Shorts Liquidated
27.9.2024
Bitcoin prices continued climbing this week, reaching an intraday peak of $66,456 per unit at 10:35 a.m. ET on Friday, marking a 2.4% boost against the U.S. dollar today and a solid 5% gain over the past seven days. Bitcoin Jumps to $66,456 Following U.S. PCE Report On Friday, Sept. 27, 2024...
Key Indicators Challenge Fed's 'Normalization' Rate Cut That Torched Bitcoin Rally
26.9.2024
The post-Fed risk-on rally supports the normalization narrative, but some indicators disagree, suggesting caution to bulls
Mike McGlone — Hedge Funds Push Gold Toward $3K Amid Global Market Uncertainty
25.9.2024
In a recent interview, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, emphasized the significant role of hedge funds in gold’s ongoing price surge. McGlone shared his insights on the impact of macroeconomic factors, including China’s economic slowdown and the Federal...
Bitcoin Bounces Back Above Key Averages, Glassnode Sees New Investor Resilience
25.9.2024
Bitcoin has recaptured its Short-Term Holder (STH) cost basis of $61,900 following the Federal Reserve’s recent 0.5% interest rate cut, according to Glassnode’s recent analysis. Despite the market’s ongoing consolidation, the report suggests new investors have demonstrated...