Bitcoin News

On Tuesday, U.S. spot Bitcoin ETFs saw a notable outflow of $242.53 million, marking the largest single-day withdrawal since early September. This movement halted an eight-day streak of positive inflows.

A cryptocurrency analyst recently revealed a notable obstacle on the path of Bitcoin’s revival, that could negatively impact the token’s price trajectory.

On Tuesday, Iran launched a missile attack on Israel in response to the recent killing of Hezbollah leader Hassan Nasrallah. The attack came after the U.S. warned that tensions in the region were likely to escalate.

A recent Datascope analysis shared via CryptoQuant showed that extreme swings in the ratio of long/short volume to open interest often signal major market reversals.

The cryptocurrency market offers numerous opportunities but also presents significant challenges due to its volatility and shifting trends.

According to a JPMorgan report, in September the average Bitcoin (BTC) price and network mining rate rose slightly, while daily mining revenue and gross profits declined for the third consecutive month.

A long-dormant Bitcoin wallet has been reactivated after more than 10 years, sparking interest in the crypto community.