Bitcoin

The Bitcoin price took a sharp dip to $60,164 on Tuesday following heightened geopolitical tensions in the Middle East, with Iran launching missile attacks on Israel. The escalation rattled global markets, impacting both traditional and crypto assets. Bitcoin was not immune with a notable -4% drop. Market participants, who had anticipated a strong bullish trend for the month dubbed “Uptober,” were forced to reassess as broader market sentiment turned risk-off. However, the reaction to the geopolitical news may be overblown,…

A dormant Bitcoin wallet, inactive since 2012, recently transferred 1,000 BTC as Bitcoin's price reached $63,000, leading to a value increase of 500,000%. This event shows the importance of selecting a wallet known for strong security and transparency.  Plus Wallet meets these needs, offering secure storage while remarkably boosting users’ earnings. Its exciting rewards programs turn everyday wallet functions into additional income streams, helping users safeguard their assets and potentially grow their wealth. In related news, zkNation has partnered with…

As trust in traditional financial systems weakens and economic instability rises, more people are turning to cryptocurrencies. To avoid increasing inflation and government control, more people view Bitcoin as a strong alternative to fiat currencies. Many now wonder if Bitcoin could replace traditional money within the next decade, and there are clear signs that this shift may have already started. Reasons Fiat Money is Losing Popularity Bitcoin pushing out fiat currencies could be possible due to: Advance in Technology Fiat…

Bitcoin started the month of October on a negative note, deviating from what many investors had expected leading up to the month. Bitcoin, which had been on a notable price increase earlier, started to face setbacks as September ended, leading up to the first 24 hours of October. The first 24 hours of October have been riddled with outflows from the crypto industry. Bitcoin, in particular, fell below $61,000, according to Coinmarketcap, as tensions started to rise in the Middle…

Bitcoin (BTC) fell as low as $60,300 earlier today due to escalating tensions in the Middle East that have spooked the crypto and traditional markets. The world’s largest cryptocurrency is down almost 4% in the past 24 hours following Iran’s attack on Israel. The drop to $60,000 means that BTC has given up almost all the gains made following the Federal Reserve’s announcement of a rate cut.  Almost all major cryptocurrencies, including Solana (SOL), Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE),…

The cryptocurrency market is once again in the throes of excitement, with Bitcoin (BTC) inching closer to the much-anticipated $80,000 mark. As the Fear of Missing Out (FOMO) intensifies, new investors are flooding the market, eager to get in on the action before Bitcoin hits its all-time high (ATH). Alongside Bitcoin, two other assets are drawing significant attention—Ethereum (ETH) and the innovative AI-powered meme coin GoodEgg (GEGG). With bullish market conditions driving interest, these three cryptocurrencies are poised for massive…

As Bitcoin steadily rises, breaking key resistance levels, many analysts are looking ahead to a potential price target of $77,000 by the end of October 2024. The question on many minds is: how will this surge impact other key cryptocurrencies, particularly Ethereum (ETH) and the AI-powered meme token GoodEgg (GEGG)? The historic patterns of cryptocurrency market behavior suggest that significant price movements in Bitcoin (BTC) often lead to broader rallies in other assets, particularly altcoins. Ethereum, as the second-largest cryptocurrency…

Middle Eastern tensions heightened considerably on Tuesday as Iran fired a barrage of missiles into Israel, following the Israeli incursion into Lebanon. Markets fell on the news, and Bitcoin crashed to $60,200 before recovering. The BTC/USD pair crashed $3,800 on Tuesday as the conflict in the Middle East moved into a higher gear. With Israel and the United States promising retaliation, the price dump across all markets may not be finished yet. $BTC falls out of ascending channel Source: TradingView…

Bitcoin price started a fresh decline below the $63,500 level. BTC is now consolidating above $60,000 and might face many hurdles on the upside. Bitcoin is down over 5% from the $65,000 resistance zone. The price is trading below $63,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line with resistance at $62,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above…