After weeks of massive volatility, Bitcoin faces heightened risk after failing to break above a key resistance level of around $64,000. Following the Federal Reserve’s decision to cut interest rates, many investors and traders anticipated a full-blown rally throughout October. However, it appears that the expected surge may not materialize just yet. Top crypto analyst…
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The Bitcoin price volatility is likely to surge in both directions following the recent approval of options for spot Bitcoin ETFs, according to Jeff Park, head of Alpha Strategies at Bitwise Investments. In an interview with Anthony Pompliano, Park explained how these newly available options differ from existing crypto derivatives and why they could significantly…
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Amid the Bitcoin gradual recovery in price, the asset seems to have been experiencing an interesting market trend lately, suggesting a shift in its supply distribution. According to a CryptoQuant analyst, who goes by the pseudonym ‘IT Tech,’ BTC’s recent price fluctuations have led to short-term holders (STHs), labeled as “weak hands,” exiting the market,…
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Bitcoin price struggled to continue higher above the $64,400 level. BTC is correcting gains and trading near the $62,500 support zone. Bitcoin is holding gains above the $62,500 zone. The price is trading above $62,500 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at…
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While Bitcoin has been unable to break past the $70,000 price mark for over 2 months now, the asset has made efforts to remain above the $60,000 mark. Amid this maintenance above the $60,000 price level, analysts have continued to speculate on BTC’s future trajectory especially when the asset would make the play out of…
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JPMorgan analysts are showing optimism as bitcoin exhibits strong upward trends moving into the fourth quarter. They highlighted October’s historically positive returns for the cryptocurrency and suggested this trend could persist. “We continue to see the crypto ecosystem being incrementally more sensitive to macro factors,” the analysts noted. JPMorgan Sees Bright Prospects for Bitcoin in…
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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 a $29.85 billion slice of that pie.…
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Bitcoin’s hashrate has been climbing steadily, closing in on its peak of 693 exahash per second (EH/s) recorded on Sept. 8. At present, it’s cruising just shy of that record, clocking in at 680 EH/s. Block times have been quicker than the typical ten-minute average, and as we approach Oct. 9, the network’s difficulty is…
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On Wednesday, Oct. 9, 2024, HBO is set to premiere a documentary titled “Money Electric,” which reportedly claims to unveil the identity of Bitcoin’s mysterious creator, Satoshi Nakamoto. Ever since the announcement, the internet has been buzzing with discussions on social media, forums, and news outlets, all wondering if the documentary will provide any credible…
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Bitcoin is trading at prices between $62,856 to $63,016 at press time, with a market cap of $1.24 trillion and a 24-hour trade volume of $23.87 billion. Intraday, prices fluctuated between $62,120 and $63,909, showing signs of consolidation. Despite the overall uptrend, oscillators and moving averages paint a mixed picture, hinting at potential corrections while…
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