Bitcoin News

Over the past eight years, Bitcoin’s price has shown a consistent positive correlation with the People’s Bank of China’s (PBOC) balance sheet.

A cryptocurrency analytics firm recently revealed that major investors, often referred to as whales, have begun shorting Bitcoin (BTC) again as its price approaches $67,000.

Bitcoin has surged 5.4% over the past week, driven by a 50 basis point interest rate cut from the U.S. Federal Reserve.

The bullish santiment is prevailing within the Bitcoin market as we are witnessing major price surges across the board.

As Wall Street investors increasingly turn to Bitcoin (BTC), MicroStrategy, led by Michael Saylor, has established itself as a prominent player in the crypto market.

Popular crypto expert Kevin Svenson believes Bitcoin (BTC) could reach new all-time highs by the close of 2024.

Arthur Hayes, co-founder of BitMEX, believes that the quantitative easing (QE) policies being implemented by various governments will have a positive impact on Bitcoin and the overall crypto market.

On Thursday, U.S. investors funneled approximately $365 million into spot Bitcoin ETFs, pushing total inflows to over $600 million for the week, according to data from Farside Investors.

After the price of Bitcoin broke above $64,000, the majority of cryptocurrency holders are in profit.

The competition among leading blockchains, including Bitcoin, Ethereum, and Cardano, intensifies, with Charles Hoskinson of Cardano making bold claims after the recent Chang hard fork.

The price of Bitcoin reached a one-month high after central banks cut interest rates in September, with analysts expecting the upward trend to continue.

The Bitcoin options market has hit a significant milestone following the U.S. Securities and Exchange Commission’s approval of options trading on BlackRock’s iShares Bitcoin Trust.

U.S. Bitcoin exchange traded funds (ETFs) posted a fifth straight day of positive net inflows on Wednesday, totaling $105.9 million.

A recent analyst study introduces an advanced approach to estimating the active realized price of Bitcoin, offering a more accurate estimate of the cost base of active market participants.

Michael Saylor, co-founder of MicroStrategy and a well-known Bitcoin supporter, recently voiced his support for BlackRock’s Head of Digital Assets Robbie Mitchnick’s statement.

The founders of Glassnode, an analytics firm, believe an altcoin rally could soon begin.

After the SEC approved the first-ever spot Bitcoin ETFs in January 2024, including BlackRock’s, the asset manager has steadily increased its Bitcoin holdings.

Amid economic difficulties in China, investors are increasingly turning to Bitcoin and other cryptocurrencies as safe havens.

Mt. Gox has moved a substantial amount of Bitcoin, sparking speculation about upcoming repayments to its customers.

A well-known cryptocurrency analyst suggests that Bitcoin (BTC) might be on the verge of a major breakout, drawing from historical trends.

Sky, previously known as MakerDAO, is reconsidering its stance on using Wrapped Bitcoin (WBTC) as collateral after a crucial meeting with BitGo CEO Mike Belshe.

BlackRock’s Bitcoin and Ethereum exchange-traded funds (ETFs) experienced a significant boost, attracting around $158 million in net inflows on Tuesday as the crypto market rebounded, pushing Bitcoin’s price above $64,000.

Quantitative analyst PlanB is predicting a significant breakout for Bitcoin (BTC), suggesting it may soon mimic the explosive price action seen in 2020.

Bitcoin (BTC) is approaching its August 25 peak of $65,200, a key resistance level that may lead to prolonged consolidation, according to the latest Bitfinex Alpha report.

Analysts suggest that Bitcoin and the broader cryptocurrency markets might be on the verge of a significant breakout if past cycles hold true.

After the SEC approved options trading for BlackRock’s Bitcoin ETF, discussions about Bitcoin yields reignited.

Yesterday, Bitcoin ETFs had a mixed day, seeing a total of $4.5 million in overall activity.

Bitwise CEO Jeff Park has suggested that the SEC’s recent green light for options on BlackRock’s Bitcoin ETF could significantly impact the crypto market.

Luke Gromen, a macro investor and founder of Forest For The Trees (FFTT), believes gold and Bitcoin are poised to benefit from the worsening fiscal situation in the U.S.

Bitcoin has seen a notable increase in millionaire holders throughout 2024, even though the cryptocurrency is still trading below its previous peak of over $73,000.

Despite a nationwide ban on cryptocurrencies, Chinese Bitcoin miners continue to dominate the global network.

Amid global economic instability, Robert Kiyosaki, the well-known investor and author of “Rich Dad, Poor Dad,” sees Bitcoin (BTC) as a vital tool for preserving wealth and anticipates substantial growth for the cryptocurrency in the near future.

An analyst has outlined potential scenarios for Bitcoin’s price, projecting it could close 2024 within the range of $108,000 to $155,000 if historical trends continue.

Bitcoin has been climbing steadily, with some of its momentum tied to recent moves by the Federal Reserve.

Samson Mow, CEO of JAN3 and a prominent Bitcoin advocate in Asia, has urged the Japanese government to purchase 167,000 BTC following a recent conference focused on cryptocurrency adoption.

10x Research’s recent analysis suggests that Bitcoin may be poised for a substantial rally by late 2024.

Jeff Park, the head of alpha strategies at Bitwise Asset Management, argues that Bitcoin ETF options are unlikely to diminish Bitcoin’s inherent volatility.

Bitcoin’s strong performance in the digital asset market has remained resilient since September began, recently hitting the $64,000 mark.

With October on the horizon, investors are eagerly anticipating what the month might hold for Bitcoin and the broader crypto market.

A well-known crypto analyst suggests that Bitcoin bears may soon lose their grip as the leading digital asset continues to demonstrate resilience.

A prominent cryptocurrency analyst believes that the Ethereum-Bitcoin (ETH/BTC) trading pair is nearing a cycle bottom.

VanEck CEO Jan van Eck has made an ambitious forecast for Bitcoin, suggesting that BTC could mature to capture half of gold’s total market capitalization.

The competition in Bitcoin (BTC) mining has escalated recently, with China taking the lead over the United States.

Alphractal, a cryptocurrency analysis firm, has voiced concerns about Bitcoin’s current market trajectory, suggesting it may be on the verge of entering a bear market phase.

Recent blockchain data reveals that a segment of Bitcoin investors has started selling off assets to lock in profits following a recent price surge.

CryptoCon confidently predicted an imminent bull market for Bitcoin, downplaying concerns of a recession or prolonged bear market.

Jeff Kendrick, global head of digital asset research at Standard Chartered, predicts Bitcoin could reach $200,000 by the end of 2025, regardless of the outcome of the 2024 US presidential election.

MicroStrategy CEO Michael Saylor shared his optimistic outlook for Bitcoin following the U.S. Securities and Exchange Commission’s (SEC) approval of options on BlackRock’s Bitcoin exchange-traded fund.

Coinbase is preparing to launch its cbBTC token on the Solana blockchain, according to the company’s Singapore director, Hassan Ahmed, during the Solana Breakpoint 2024 event.

Top asset manager VanEck has recently analyzed the potential impact of the 2024 US Presidential election on Bitcoin.

Crypto analyst Ali Martinez has indicated that an altseason may be imminent, a phase where alternative cryptocurrencies outperform Bitcoin.

BlackRock CEO Larry Fink has expressed strong support for Bitcoin, affirming its legitimacy as a financial asset during a recent interview with CNBC.

The U.S. Securities and Exchange Commission (SEC) has authorized BlackRock to offer options trading on spot Bitcoin ETFs, marking a key milestone in expanding crypto investment products.

Michael Saylor’s MicroStrategy continues to expand its Bitcoin reserves, showing their undeniable optimism for the crypto market bull run.

Crypto trader Michaël van de Poppe suggested that the Federal Reserve’s recent decision to cut interest rates by 50 basis points could positively influence the crypto market.

Institutional investors are becoming more bullish on the future trajectory of Bitcoin, piling up their reserves.

Recent data from CryptoQuant CEO Ki Young Ju reveals a dramatic 75% reduction in net short positions for CME Bitcoin futures over the last five months.

A Bitcoin miner wallet, inactive for 15.7 years, recently came to life, transferring 50 BTC—valued at approximately $3.05 million—into another wallet.

Recent data reveals that Bhutan has unexpectedly taken the lead in state-held Bitcoin (BTC) reserves, boasting $782.46 million, significantly outpacing El Salvador, which holds $351.75 million.

Renowned Bitcoin maximalist and JAN3 CEO Samson Mow met with Junichi Kanda, Parliamentary Vice-Minister of the Cabinet Office.