Bitcoin

Bitcoin (BTC) remained muted, registering a marginal decline over the past 24 hours. It continues to hover just under the $62,500 mark. The crypto markets have not seen much movement over the past 24 hours, with cryptocurrencies such as Ethereum (ETH) registering a marginal increase to remain above $2,400, while Solana (SOL), Ripple (XRP), Dogecoin (DOGE), Toncoin (TON), and others reported similar marginal increases.  The overall crypto market cap also reported a marginal decline, falling by 0.17% to $2.17 trillion.…

As industry experts forecast Bitcoin reaching a bull’s eye of $150,000, several other cryptocurrencies that are below the $1 mark may have similar hallmarks. Among them are Rexas Finance (RXS), Shiba Inu (SHIB), and Fantom (FTM). Apart from having a formidable market, these coins are quite robust psychologically since they may command at least $10 once Bitcoin hits its predicted figure. Rexas Finance Presale Token Stage 4 Now Live Rexas Finance (RXS), a debuting RWA project, recently completed its Stage…

If Bitcoin ($BTC) is able to break out of its bull flag, the resulting influx of capital into the cryptocurrency space as a whole could be huge, sparking the altcoin season of this bull market. That said, so far, there are few altcoins that are outperforming $BTC. However, $BNB, $SOL, and $RENDER are prominent among them. BNB/BTC up 80% since December 2023 Source: TradingView Binance Coin ($BNB) has been in an uptrend against $BTC since early 2021. However, after the…

The tug of war over the Bitcoin price continues. Large whales have accumulated strongly over recent days, while the US government has won the right in court to sell 69,000 $BTC, forfeited by one individual in the Silk Road case. Game theory in play Could the Bitcoin price be relatively flat because the market is waiting to see what will happen with the 69k in seized Silk Road $BTC? It’s not known if the US government will in fact sell…

On-chain data shows the Bitcoin supply in loss has shot up close to the 20% mark after the recent bearish action in the coin’s price. Bitcoin UTXO Supply In Loss Has Seen A Sharp Increase Recently In a new post on X, CryptoQuant author Axel Adler Jr talked about the recent trend in the Bitcoin Unspent Transaction Output (UTXO) Supply in Loss indicator. The “UTXO Supply in Loss” measures, as its name suggests, the total percentage of UTXOs in existence…

Bitcoin price corrected gains and tested the $61,850 zone. BTC is consolidating and might aim for a fresh increase above the $62,500 resistance. Bitcoin is holding gains above the $61,850 zone. The price is trading below $62,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $61,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase unless there is a close below…

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 Carl Runefelt has shared his insights on the current situation, emphasizing the significance of the $64,000 resistance. Breaking past this crucial level is critical for…

In a year marked by significant volatility in the cryptocurrency market, memecoins have emerged as key players, outperforming Bitcoin (BTC) and the rest of the largest cryptocurrencies in the ecosystem.  This trend was underlined by recent insights from market expert Miles Deutscher, who highlighted a presentation by memecoin analyst Murad at the TOKEN2049 conference in Singapore.  Memecoins Challenge Traditional Cryptocurrencies According to Murad, only 43 tokens have surpassed Bitcoin’s performance in 2024, with 13 of those being memecoins. Notably, eight…

After days of anticipation, HBO is set to release its highly awaited documentary exploring the true identity of Satoshi Nakamoto, the enigmatic creator of Bitcoin (BTC).  While many are eager to uncover the individual behind this pseudonym, one expert warns that the documentary could lead to significant price manipulation in the Bitcoin market before its release. In a recent post on X (formerly Twitter), market analyst OxNobler cautioned that while the focus may be on Nakamoto’s identity, the real issue…