Spot Bitcoin ETFs launched the fourth quarter of 2024 on a turbulent note ending the week with a net negative outflow of over $300 million. This development occurred in tandem with Bitcoin’s bearish start to October in which it declined over 6% in the first five days of the month. Related Reading: US Spot Bitcoin […]
Solana (SOL) Path To New Highs: Analyst Eyes $160 As Critical Breakpoint
Solana is testing a crucial level after weeks of volatile price action and market uncertainty. Following the Federal Reserve’s interest rate cut announcement, Solana surged 26% but quickly retraced 17%, reflecting the ongoing turbulence in the broader crypto market. This rollercoaster price movement has left many investors on edge as they wait for
JPMorgan: Geopolitical Conflict May Drive Investors Toward Gold and Bitcoin
Analysts at JPMorgan have noted that escalating geopolitical tensions and the upcoming presidential election in November are prompting investors to view gold and Bitcoin as safe-haven assets in a “debasement trade.” The analysts explained that this “debasement trade” is driven by several factors, including increased geopolitical uncertainty since 2
Bitcoin Holds Steady As Bullish Breakout Awaits These Conditions – Details
According to data from CoinMarketCap, Bitcoin currently hovers near the $62,000 price mark with no significant movement in the past day. Notably, the premier cryptocurrency has slipped into a minor consolidation state since the little gains recorded on Friday. However, for long-term traders, Bitcoin has remained in a range-bound movement stretching
Data: Binance Maintains Top Market Share, Bitget Rises to 11%, Ranking Fourth
On October 4, reports indicated that trading volumes for both derivatives and spot markets on centralized exchanges fell by 17% in September. Binance remains the largest exchange with a market share of 36.59%, although its spot trading volume dropped by nearly 23% compared to August, bringing its spot market share down to 27%. OKX holds […]
Recent Weeks See “Mild” Increase in Long Positions in Bitcoin Perpetual Futures Market
On-chain analytics firm Glassnode reported that the Bitcoin market remains in a prolonged consolidation phase, resembling the period from late 2019 to early 2020. Since the historical peak in March, capital inflows into the Bitcoin network have slowed, posing challenges to short-term holders’ profitability. However, despite experiencing localized n
In September, Bitcoin mining output reached 493 BTC, with 2.5 BTC sold
CleanSpark, a Nasdaq-listed Bitcoin mining company, has released its unaudited Bitcoin mining and operations report for the month ending September 30, 2024. The report revealed that CleanSpark mined 493 BTC in September, bringing its total Bitcoin holdings to 8,049 BTC as of September 30. This includes 7,098 BTC mined during the fiscal year 2024. A
Bitcoin Price Fall Increases Buying Momentum, Pushes Exchange BTC Balances To 6-Year Lows
Following a major price decline in Bitcoin (BTC), market sentiment dropped back to strong levels of fear, indicating that investors are becoming increasingly cautious and risk-averse. Despite this trend, on-chain data analytics provider CryptoQuant has revealed a significant increase in BTC buying momentum, resulting in the Bitcoin balances on vari
POPCAT Surges Past $1.0094 All-Time High – What’s The Next Price Target?
POPCAT has achieved a remarkable milestone by surging past its all-time high of $1.0094, igniting excitement among traders and investors alike. This breakout signals a powerful bullish momentum, prompting a re-evaluation of the asset’s potential for further gains. As the market reacts to this significant price movement, understanding the underlying
LEGO removes crypto scam from homepage after being hacked: Report
The “LEGO Coin” token appeared on the toy manufacturer’s homepage for roughly 75 minutes before being taken down, onlookers said.