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Price analysis 10/7: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA
7.10.2024
Bitcoin price opened the week with a bang as altcoins and stocks turned green, but $65,000 to $66,500 remains a tall hurdle for BTC to overcome
Bitcoin rally to $64.4K proves bullish chart pattern is ‘locked in’ — Analyst
7.10.2024
Bitcoin’s rally above $64,000 reinforced a recently established trend change and “locked in” a bullish pattern of higher price lows
Bitcoin Hits $64K Mark on Monday, Crypto Market Sees $200M in Liquidations
7.10.2024
On Monday, Oct. 7, bitcoin (BTC) reached an intraday peak of $64,444, giving traders plenty to buzz about. By the end of Monday’s trading sessions, BTC had gained 2% against the U.S. dollar. The global crypto trading scene saw an impressive $92.617 billion in volume, with bitcoin grabbing...
Bitcoin miners show mixed performance in September amid market volatility
7.10.2024
While both Hut 8 and Irish Energy expanded operations, they reported contrasting results in Bitcoin production efficiency
'Definition of a leverage driven pump' — 5 Things to know in Bitcoin this week
7.10.2024
Bitcoin is attempting to break higher this week — but plenty of hurdles stand in the way of bulls looking for a sustained BTC price rally
Metaplanet Expands Bitcoin Holdings by 108.78 BTC
7.10.2024
Metaplanet announced that it has added 108.78 Bitcoin tokens to its name. They are collectively worth approximately ¥1…
Japan’s Metaplanet makes $7M Bitcoin buy, bringing holdings to $40.5M
7.10.2024
The Japanese investment firm has scooped up more than 200 Bitcoin so far this month.
Bitcoin Nears $64K, “Memecoin Supercycle” Trends as MOG, POPCAT Surge
7.10.2024
Memecoins have been one of the best-performing crypto sectors in the past year, buoyed by vibrant social communities and attention in the market
Latam Insights: Bukele Offers Bitcoin Advice to Argentina, Uruguay Passes Crypto Law
7.10.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, El Salvador’s President Nayib Bukele meets with President Milei in Argentina, offering bitcoin advice to the Senate, and Uruguay passes a cryptocurrency...
Bitcoin ‘still the best-performing asset’ after weak Q3: NYDIG
7.10.2024
Bitcoin is currently exactly where it was in the last two cycles, said NYDIG's research head Greg Cipolaro, who said crypto could be in for a big Q4.
IMF Urges El Salvador to Tighten Bitcoin Law and Strengthen Oversight
7.10.2024
The International Monetary Fund (IMF) has advised El Salvador to narrow the scope of its bitcoin law, strengthen regulation and oversight of the cryptocurrency, and limit public sector exposure. The IMF remains engaged with the country to support reforms and ensure bitcoin adoption does...
Bitcoin Transfer Volumes Soar in 2024, Set to Break 2023’s Record in 2 Weeks
6.10.2024
According to recent data, the five busiest days for bitcoin transfers on the network occurred in 2024. The all-time peak was at the end of April, with the second-highest transaction day recorded on Sept. 8. In its more than 15 years of operation, the Bitcoin network has witnessed daily transfer...
BTC short-term holders 'likely taking on more risk' as realized cap drops by $6B
6.10.2024
Bitcoin short-term holders are “likely taking on more risk” amid long-term holders “likely taking profits,” according to a crypto analyst
Bitcoin realized price rejections hint BTC price ‘weakening’ — Analyst
6.10.2024
Bitcoin hodlers' realized cap sees a snap drop while speculators get more confident in market trajectory
BTC and ETH ETFs Post Positive Inflows Despite GBTC, ETHE Losses
5.10.2024
On Friday, the 12 U.S. s pot bitcoin exchange-traded funds (ETFs) experienced positive inflows, totaling $25.59 million. Concurrently, the nine spot ether ETFs garnered a combined $7.39 million in inflows during the day’s trading session. Bitcoin ETFs Rebound With $25.59M Inflows, Ether Funds...
'Ancient' Bitcoin whale moves more BTC mined from 2009: Arkham
5.10.2024
The mysterious Bitcoin whale has now sent $3.58 million worth of Bitcoin to Kraken’s crypto exchange, Arkham Intelligence said
US Government Seeks Forfeiture of 200,000 USDT Tied to Bitcoin Theft in Ohio
5.10.2024
The U.S. government is taking legal action to seize 200,000 tether (USDT), worth $200,000, linked to a major cryptocurrency fraud. The funds, converted from stolen bitcoin, could soon be returned to the Ohio victim after a forfeiture trial. Investigators used blockchain technology to track...
Bitcoin Gains Expected as US Jobs Data Drives Fed Rate Cuts, Analyst Says
5.10.2024
A researcher from 21shares has offered an analysis of how bitcoin’s price could respond to the U.S. jobs report. The analyst indicates that BTC prices could increase if the Federal Reserve reduces interest rates. These rate cuts, which are likely tied to labor market trends, could lower...
Standard Chartered Sees Buying Opportunity as Bitcoin Nears $60K Dip
5.10.2024
Standard Chartered has cautioned that bitcoin could drop below $60,000 due to rising geopolitical tensions in the Middle East. While the bank sees this as a buying opportunity, it also highlights the unique relationship between BTC’s price and the U.S. presidential race. Former President...
Russian Bitcoin Mining Industry Could Surpass the U.S. in 2 Years
5.10.2024
Igor Runets, owner and CEO of Bitriver, commented on the growth potential of the Russian bitcoin mining industry following the approval of the mining law in the country. Runets stated that, due to the several advantages provided by the law, the Russian bitcoin mining industry could reach parity...