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Bitcoin News
Bitcoinist
4w
250
Image Credit: Bitcoinist
Bitcoin ‘Illiquid’ Supply Sets New All-Time High With 74% Dominance: What It Means
- The Bitcoin Illiquid Supply has reached a new all-time high (ATH), making up around 74% of the circulating supply.
- The Illiquid Supply represents the locked-in BTC that is unlikely to move in the near future, while the Liquid + Highly Liquid Supply is constantly changing.
- The increase in Illiquid Supply indicates strong hodling sentiment among investors, with available trading supply diminishing.
- At the time of writing, Bitcoin is trading at around $64,900, showing a 3% increase over the past week.
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Bitcoinsensus
4w
259
Image Credit: Bitcoinsensus
Kamala Harris Bids Regulatory Crypto Framework to Protect Black Voters
- Vice President Kamala Harris unveils a new proposal for a regulatory framework in crypto.
- The proposal aims to win over black male voters ahead of November 5th.
- Harris plans to push for a clear regulatory framework to protect investors in the crypto market.
- Cryptocurrencies are playing a significant role in the current campaign and received notable donations from crypto companies.
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15 Likes
Zycrypto
4w
406
Image Credit: Zycrypto
XRP, Dogecoin Unaffected As Google Quietly Removes Bitcoin And Ethereum Price Data From Search Results
- Google Search has stopped displaying price charts for Bitcoin (BTC) and Ethereum, while XRP, Dogecoin, and Stellar price searches still yield charts.
- Speculations arise about Google purposely trying to suppress crypto, indicating fear of the asset's influence.
- Google has also removed pricing data for Ethereum and Solana's SOL from search results.
- Google Trends data shows a decline in search volume for 'Bitcoin', potentially signaling a bullish trend.
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24 Likes
Cryptopotato
4w
223
Image Credit: Cryptopotato
The Story of a Lost Bitcoin Hard Drive and a Lawsuit for $646 Million
- A man is suing Newport Council for nearly 500 million pounds to recover 8,000 Bitcoin (BTC) he claims he lost in 2013.
- The man has filed the lawsuit as a last resort after years of being ignored by the council.
- He is seeking half a billion pounds, which represents the highest valuation of his Bitcoin holdings when the cryptocurrency hit an all-time high of $73,737.
- The man has assembled a team of experts willing to conduct an excavation at no cost to the council in order to recover the lost coins.
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13 Likes
Bitcoinsensus
4w
272
Image Credit: Bitcoinsensus
BlackRock Bitcoin ETF Hits $1.2 Billion in Trading on Market Recovery Day
- BlackRock's Bitcoin ETF (IBIT) recorded trading volume of over $1.2 billion in a few hours.
- The broader cryptocurrency market recovered, with top assets like Bitcoin and Ethereum up over 4% in 24 hours.
- News such as Donald Trump's improved poll position and China's new stimulus program may have contributed to the market's growth.
- BlackRock's IBIT is considered as one of the most traded funds, consolidating its success in providing accessible exposure to Bitcoin.
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16 Likes
Bitcoinist
4w
424
Image Credit: Bitcoinist
Listed German Company Raises $32.8 Million For Bitcoin, Aims To Rival Saylor
- Samara Asset Group, a German investment firm, plans to raise up to €30 million ($32.8 million) through a senior secured Nordic bond issuance.
- The capital raise aims to expand the company's investment portfolio and significantly increase its Bitcoin holdings to potentially rival MicroStrategy.
- Pareto Securities is mandated as the sole manager to arrange the bond issuance, which will be listed on the unregulated markets of Oslo and Frankfurt Stock Exchanges.
- The bond proceeds will be used to acquire additional limited partnership stakes in investment funds and increase Samara's position in Bitcoin as its primary treasury reserve asset.
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25 Likes
Bitcoinmagazine
4w
89
Kamala Harris Proves She's the Worst Candidate for Bitcoin Ownership and Adoption
- Kamala Harris announced a race-based regulatory framework for cryptocurrency and digital assets.
- Her approach shows a lack of understanding of Bitcoin's equal access for all.
- Trump's pro-Bitcoin policies are more inclusive and beneficial for all Americans.
- Harris's policy is seen as pandering for votes and potentially creating hurdles for Black Bitcoin buyers.
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5 Likes
Bitcoinist
4w
40
Image Credit: Bitcoinist
Bitcoin Buy Walls ‘Strong Enough To Neutralize Sell Walls’ – Exchanges Activity Signals A Rally
- Bitcoin is witnessing bullish activity and anticipates a potential rally in the coming weeks.
- Robust buy walls on all exchanges neutralize sell walls, indicating a shift in market dynamics.
- The surge in BTC price has reignited hope among investors and sparked renewed interest in cryptocurrencies.
- BTC's technical analysis suggests a potential challenge to all-time highs if it can break above $66,500.
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2 Likes
TheNewsCrypto
4w
116
Image Credit: TheNewsCrypto
Galaxy Digital Purchases 500 BTC Worth $31M, Fueling Institutional Interest
- Digital assets financial services firm Galaxy Digital moved significant quantities of Ethereum and Bitcoin, sparking speculation among investors.
- Galaxy Digital purchased almost 500 BTC worth $31.38 million, increasing their holdings of Bitcoin, which now stand at 3,912 BTC worth $244 million.
- They also sent 7,000 ETH, equivalent to $17 million, to cryptocurrency exchanges Binance and OKX.
- The increased institutional interest in Bitcoin and Ethereum, along with market optimism, has contributed to the rise in their prices.
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6 Likes
Bravenewcoin
4w
321
Image Credit: Bravenewcoin
Bitcoin Hits $66,000 to Begin the Week With a Bang
- Bitcoin and major cryptocurrencies experienced a rally at the beginning of the week, with Bitcoin hitting $66,000.
- Over $100 million worth of short positions against Bitcoin's price were liquidated, fueling the rally.
- The rise of memecoins, including Mog (MOG) and SPX6900, amidst a lull in other sectors of the crypto market.
- The boost in Chinese equities and renewed hopes for government stimulus contributed to Bitcoin's rise.
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19 Likes
Newsbtc
4w
26
Image Credit: Newsbtc
Dogecoin Buy Signal Hints At Upside As Funding Rate Keeps Rising
- Dogecoin tests a critical liquidity area of around $0.112 after days of choppy price action.
- Analysts and investors are closely watching for a signal that could confirm a further uptrend for Dogecoin.
- Prominent analyst Ali has shared a technical chart showing a buy signal for Dogecoin on the 4-hour price chart.
- The OI-weighted funding rate for Dogecoin is rising, indicating increased demand and potential gains ahead.
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1 Like
TheNewsCrypto
4w
433
Image Credit: TheNewsCrypto
Bitcoin Surges Amidst Market Rally, Short Liquidation Crosses $100M
- Bitcoin reached $66,000 today, gaining 5.73% on the previous day.
- Approximately $101.4 million in short positions were liquidated throughout the crypto market.
- October has historically shown positive returns for BTC, leading to speculation of an upcoming 'Uptober'.
- Ether recovered above $2,600, and altcoins also saw upward trends.
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26 Likes
Coinpedia
4w
294
Image Credit: Coinpedia
Why Crypto Market is up Today? Bitcoin Price Hut $65K
- Bitcoin (BTC) has experienced a surge of over 6% and reclaimed the $66,000 level for the second time since July 2024.
- The potential reason for this surge is the upcoming presidential election in the United States, as Bitcoin's current price action is similar to previous election periods.
- Bitcoin is currently facing a strong resistance level at $66,200, but if it breaches this level and closes above $68,000, it could reach its all-time high.
- On-chain metrics and technical analysis suggest a positive outlook for Bitcoin, with a high Long/Short ratio and increased open interest indicating strong bullish sentiment.
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17 Likes
Bitcoinist
4w
254
Image Credit: Bitcoinist
Solana’s Market Sentiment Surges To Highest Level In 9 Months, What’s Driving It?
- The positive sentiment around Solana has surged to its highest level in 9 months.
- This surge in enthusiasm is attributed to rumors of Apple potentially building on the Solana blockchain.
- Solana's price has responded positively to the rumors, witnessing a nearly 4% increase.
- Once the news is officially confirmed, SOL could experience further gains in the upcoming days.
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15 Likes
Cryptoslate
4w
93
Image Credit: Cryptoslate
Bitcoin tops $407 million crypto inflows amid election-driven dynamics
- Crypto-related investment products saw inflows of around $407 million, driven by political developments, specifically the upcoming US elections.
- Bitcoin-based investment products dominated the activity with net inflows of $419 million.
- Multi-asset investment products marked their 17th consecutive week of net inflows, with a modest $1.5 million worth.
- US-based funds led the surge, contributing $406 million to the total net inflows.
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5 Likes
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