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Bitcoin News
Tokenhell
4w
218
Bitcoin Whale Activity Surges as ETFs Near 1M BTC – Big Moves Ahead?
- Whale transactions surge with 11,697 transfers over $100K, signaling large holder activity in Bitcoin.
- Bitcoin dominates 25.5% of crypto discussions, as traders shift focus from altcoins to BTC.
- Bitcoin ETFs near 1 million BTC holdings, potentially surpassing Satoshi Nakamoto as the largest holder.
- Santiment reports that this surge in whale transactions, combined with the heightened social media presence, could indicate a period of profit-taking by key market participants.
- With the price having risen 10.66% over the past week, the recent spike in whale activity could be a sign of larger holders moving significant sums.
- Bitcoin’s social media dominance has also spiked, with the cryptocurrency accounting for 25.5% of all crypto-related discussions.
- The rise in social media discussions often correlates with Fear of Missing Out (FOMO), as more retail traders turn their attention to Bitcoin.
- From a technical perspective, the Bollinger Bands on the BTC/USDT daily chart suggest that Bitcoin is approaching an overbought zone.
- According to Eric Balchunas, Bitcoin ETFs are closing in on becoming the largest holders of BTC, potentially surpassing Satoshi Nakamoto, the pseudonymous creator of Bitcoin.
- Bitcoin ETFs hold 938,533 BTC, representing a significant accumulation of the asset by institutional investors.
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Bitcoinist
4w
204
Image Credit: Bitcoinist
Bitcoin Retail Investors Returning To The Market – Metrics Show Increasing Demand
- Bitcoin has surged past the $67,000 mark and is testing key supply levels.
- Retail investors are returning to the market, signaling a resurgence in demand.
- Bitcoin benefits from a strong buy wall on exchanges, supporting the price.
- Bitcoin's price movement and on-chain metrics indicate a strong bullish momentum.
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Coinpedia
4w
204
Image Credit: Coinpedia
Crypto News Today (Oct 17, 2024): Bitcoin Price Stays Above $67k, XRP Surges 3.4%, Solana Dips
- Bitcoin price remains steady and stays above $67k, with strong ETF inflows.
- XRP surges by 3.41%, indicating strong momentum.
- Solana dips by 0.76% in the cryptocurrency market.
- Global cryptocurrency market cap reaches $2.32 trillion.
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TheNewsCrypto
4w
373
Image Credit: TheNewsCrypto
Robinhood Debuts Bitcoin and Stock Futures Through Its New Platform
- Robinhood has introduced its desktop platform, allowing users to trade index options and futures on the benchmark S&P 500 index, oil, and bitcoin.
- The platform offers advanced trading indicators and real-time data updates, with the ability to trade futures.
- Robinhood CEO Vlad Tenev revealed high demand for the platform, with the first thousand spots claimed in 46 seconds.
- The expansion includes major cryptocurrencies such as Bitcoin and Ethereum, offering various futures contracts.
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Coinpedia
4w
209
Image Credit: Coinpedia
Bitcoin Inches Closer to $70,000; But Here’s Why A Pullback Before the Moonshot Is Imminent
- Bitcoin is approaching $69,000, suggesting a breakout above $70,000.
- A sharp increase in dominance raises concerns of a probable pullback.
- Bulls face upward pressure at resistance, validating a rejection if support is lost.
- If the BTC price blasts through $70,000, it could trigger a massive upswing later.
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TheNewsCrypto
4w
316
Image Credit: TheNewsCrypto
Bitcoin Sends Buy Signals While Sustaining Uptober Price Rally
- Bitcoin price has seen a 0.42% increase in the last 24 hours.
- Asian private wealth owners show interest in digital asset investments.
- Bitcoin's price rally has resulted in a buy signal.
- BTC's technical indicators suggest a positive sentiment for the cryptocurrency.
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Cryptonews
4w
155
Image Credit: Cryptonews
On the Radar – Coins to Watch: OM and BONK
- Bitcoin breaks above both August and September monthly highs this week.
- US Spot Bitcoin ETF flows record their first +$500M USD net flow day since June 5th, 2024.
- OM (Mantra DAO) is showing strength and currently in price discovery, with potential bullish scenarios at higher levels.
- BONK (Bonk Inu) looks interesting on the weekly timeframe, with potential bullish scenarios if momentum continues.
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Cryptonews
4w
0
Image Credit: Cryptonews
Can Bitcoin Soon Reach 250K? Here’s What Analysts Think Happens Next
- CryptoQuant’s Ki Young Ju highlights a resurgence in ‘apparent demand’ for Bitcoin, suggesting an optimistic market outlook.
- Analyst Michaël van de Poppe predicts Bitcoin could surpass its all-time high and approach US$90K by year-end.
- Bitcoindata21 forecasts Bitcoin could even reach US$250K by early 2025, based on monthly RSI and standard deviation analysis.
- Increasing demand and bullish sentiment indicate a positive quarter ahead for cryptocurrency.
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Tokenhell
4w
13
Court Hands Florida Man a 20-Year Jail Term Over Crypto Ponzi Scheme
- A New York-based federal court sentenced Juan Tacuri to a 20-year jail term for promoting a global crypto Ponzi scheme called Forcount.
- Tacuri defrauded Spanish-speaking investors by promising high returns from crypto mining and trading.
- He operated the Ponzi scheme from 2018 to 2021, luring investors with guaranteed monthly profits through Forcount's investment plans.
- Besides the jail term, Tacuri has been ordered to forfeit nearly $3.5 million in illegally obtained gains and a Florida-based property bought with investors' money.
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Bitcoinist
4w
213
Image Credit: Bitcoinist
October Crypto Shock: Phishing Scams Drain $41 Million From Victims
- A total of $41 million has been lost in October due to phishing attacks in the crypto space.
- Phishing operations involve tricking users into signing actions through their wallets, leading to the theft of cryptocurrencies.
- Hackers are using methods like creating fake tokens and permit phishing to steal valuable tokens from victims' wallets.
- Most attacks occur on the Ethereum blockchain, and hackers often use open-source contracts or fake links to deceive users.
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Cryptonews
4w
191
Image Credit: Cryptonews
Miles Deutscher Reveals His Top Altcoin Pics for This Bull Run
- Aussie crypto trader Miles Deutscher predicts that Bitcoin could reach US$100K within 10 weeks.
- Deutscher highlights Bitcoin dominance as a critical indicator of the market’s cycle, suggesting that rising Bitcoin dominance typically precedes altcoin growth.
- His strategy involves a macro risk-on and micro-neutral approach, favoring high-quality altcoins in sectors like AI and GameFi without leveraging in volatile conditions.
- His top altcoin picks include $SUPER, $BEAM, $PRIME in the gaming sector, $TAO, $NEAR, $CARV in the AI sector, $AR, $RNDR in the DePIN sector, and $CPOOL, $OM, $ONDO in the WA (unknown) sector.
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Tokenhell
4w
93
Galaxy Digital Says ‘Barbell Market’ Caused Crypto Funding to Drop 20% in Q3
- Venture capitalists invested $2.5 billion in crypto projects in Q3, a 20% drop from the previous quarter.
- The decline in funding was attributed to a 'barbell market' focusing on Bitcoin-related products and meme coins, neglecting mid-tier crypto projects.
- Early-stage projects received the majority of funding (85%) in Q3, with American projects attracting the most venture capitalists.
- Galaxy Digital expects venture capital funding to increase in Q1 2025 due to reduced Fed interest rates and favorable regulations.
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Cryptonews
4w
133
Image Credit: Cryptonews
Crypto ETFs See Record Trading, Total Bitcoin Held Exceeds $60 Billion
- Rising crypto prices spur interest in ETFs, with significant weekly gains for Bitcoin, Solana, and Ethereum.
- Recent trading days have increased total ETF assets by over US$600 million, reaching US$60 billion.
- BlackRock's IBIT leads with the highest Bitcoin inflows, adding nearly US$289 million recently.
- Monochrome launches a new Ether ETF in Australia, offering both cash and physical ETH trading options.
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Bitcoinist
4w
258
Image Credit: Bitcoinist
$7.5 Million In Bitcoin, ETH, XRP Powers Trump’s Latest Campaign Efforts
- A political action committee supporting former President Donald Trump has raised approximately $7.5 million in crypto donations since early June.
- Donations were received in Bitcoin, Ether, XRP, Tether, and USD Coin.
- Trump's acceptance of crypto donations marks a shift in his stance on cryptocurrencies.
- Major contributors include Coinbase, Ripple, and venture capital firm Andreessen Horowitz.
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Bitcoinist
4w
1.9k
Image Credit: Bitcoinist
UK Authorities Probe TikTok For Allegedly Running Unlicensed Crypto Exchange
- The UK's Financial Conduct Authority (FCA) is investigating TikTok for potentially running an unlicensed crypto exchange.
- The FCA has raised concerns that TikTok Coins could be used for money laundering activities and to evade regulations.
- A compliance consultant sent a letter to the FCA, alleging that TikTok acts as an unregistered crypto exchange.
- If the FCA intervenes, TikTok's financial operations, including its virtual currency system, could be audited and subjected to regulatory laws.
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