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Bitcoin News
Bitcoinist
1M
258
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Bitcoin Mining Companies Experience Record Low Profitability In September, Report
- Bitcoin mining companies are facing low profitability as daily block reward gross profit declined by 6% in September.
- The decline can be attributed to the Bitcoin Halving event that occurred in April, which reduced block rewards by 50%.
- Increasing competition from major operators and rising energy costs are further impacting profitability for miners.
- Leading mining companies' stock performances have also been affected, with share prices plummeting this year.
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15 Likes
Cryptonews
1M
362
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Massive Profits in 9 Hours! Here’s How I Did It
- Bitcoin defies September odds, pumping 8% and delivering the best gains in a decade as “Uptober” kicks off.
- Empire Crypto Trading achieves significant wins as the market trends in their favor.
- Altcoins are experiencing a surge, with the OTHERS chart breaking out.
- The author shares their trading strategies and profits made from volatile coins.
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21 Likes
Newsbtc
1M
158
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Cardano (ADA) Faces Risk Of 30% Drop – On-Chain Metrics Confirm A Slow Demand
- Cardano (ADA) has seen a surge following the Federal Reserve's interest rate cuts announcement, but the sustainability of the rally is being questioned.
- On-chain data reveals declining demand for ADA, raising doubts about the current uptrend.
- Cardano faces a significant risk of a 30% drop to its yearly low of around $0.27.
- Failure to break above current resistance levels could lead to further downside pressure.
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9 Likes
Cryptoslate
1M
426
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Metaplanet’s Bitcoin strategy lifts stock by 443%, targets 1,000 BTC
- Japanese investment company Metaplanet has acquired 107.913 BTC worth approximately $6.9 million, bringing its total Bitcoin holdings to 506.745 BTC.
- Metaplanet's CEO, Simon Gerovich, expressed plans for further Bitcoin acquisitions and aims to accumulate 1,000 BTC.
- Metaplanet ranks as the second-largest institutional Bitcoin holder in Asia, after Meitu Inc., and has outperformed traditional financial assets with a stock surge of 443% since adopting the Bitcoin standard.
- The firm's Bitcoin-only treasury strategy has been attributed to its strong stock performance and positioning among the top 25 institutional Bitcoin holders globally.
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25 Likes
Bitcoinist
1M
77
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Bitcoin Bull Run Looming? Expert Anticipates Grand Massive Upsuge In The Coming Months
- Bitcoin is anticipated to experience a grand massive bull run in the coming months.
- Ash Crypto believes Bitcoin is imitating the 2020-2021 bull run and expects a significant rise in its value.
- Trader Tardigrade predicts a massive bull run based on an inverse head and shoulders pattern on BTC's chart.
- If Bitcoin breaks out of the pattern, a cycle peak and significant rally are expected.
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4 Likes
Cryptoslate
1M
440
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Crypto losses from hacks, scams soar to $750 million in Q3 – CertiK
- Malicious actors stole over $750 million in crypto-related hacks and scams in Q3, pushing total losses for the year to over $1.9 billion.
- 155 separate incidents led to the losses, showing a 9.5% increase compared to the previous quarter.
- The largest incidents involved a $238 million phishing attack, a $231 million hack of an India-based exchange, and a $55.4 million phishing scam.
- Phishing attacks and private key compromises were the most common methods used by attackers, leading to losses exceeding $343 million and $324 million, respectively.
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26 Likes
Bitcoinist
1M
422
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CME Group Launches Record-Breaking Bitcoin Friday Futures With 30,000 Contracts
- CME Group has launched its Bitcoin Friday Futures (BFF) for trading.
- The launch saw a total of 31,498 contracts traded over two contract weeks.
- The smaller contract size and weekly Friday expiry make it more accessible and manageable for investors.
- The Bitcoin Friday futures are cash-settled based on the CME CF Bitcoin Reference Rate New York Variant (BRRNY).
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25 Likes
Newsbtc
1M
235
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XRP Price Bullish Potential Grows – A Surge Above $0.65 Will Triger Buyers
- XRP tests a crucial supply level at $0.65, showing signs of strength for a potential breakout.
- Reclaiming $0.65 would signal the start of a new bullish cycle and renewed market optimism.
- Analysts and investors anticipate XRP breaking above $0.65, following the broader crypto market's push for higher prices.
- Failure to break through $0.65 could lead to further consolidation or retracement for XRP.
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14 Likes
Coinjournal
1M
412
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Crypto market on a free fall as Iran launches missiles into Israel
- The global cryptocurrency market witnessed a sharp decline following reports of Iran firing missiles into Israel.
- Bitcoin fell to $61,932.92 and Ethereum dropped below $2,499.30.
- Altcoins experienced even steeper declines.
- The global cryptocurrency market cap dropped by over 2.72% to $2.18 trillion.
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24 Likes
Bitcoinist
1M
399
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Bitcoin Drops Below $63,000: Are Geopolitical Issues And Gold Movements To Blame?
- Bitcoin (BTC) fell below $63,000, reflecting a broader decline in the cryptocurrency market.
- Geopolitical tensions, particularly in the Middle East, are contributing to Bitcoin's price correction.
- Investors are selling Bitcoin to buy gold as a hedge against market volatility.
- Analysts raise concerns about Bitcoin's overbought conditions and cautious sentiment after Federal Reserve Chair Jerome Powell's remarks.
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24 Likes
Newsbtc
1M
281
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Bitcoin Bull Market Not Over: CryptoQuant CEO Reveals Where We Are This Cycle
- Bitcoin mid-September rally has slowed down, falling below $65,000 mark.
- CryptoQuant CEO believes Bitcoin is still in the middle of a bull cycle.
- Bitcoin growth rate difference shows bullish strength, indicating sustained price growth.
- Institutional involvement, like Spot Bitcoin ETFs, contributes to BTC's growth.
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16 Likes
Bitcoinik
1M
295
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Bitcoin’s 4% Drop Kicks Off ‘Crypto Uptober’—Experts Predict a Massive Bull Run Ahead!
- Bitcoin's trade price dropped by over 3.5% from $64.5k, currently at $62,151.
- Despite the drop, investors remain optimistic and expect the price to reach $70k this month.
- October historically has been favorable for Bitcoin, with big rallies and bull runs observed.
- The upcoming U.S. presidential election in November could inject a strong bullish sentiment.
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17 Likes
Coinpedia
1M
163
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Uptober Begins: Stack These ‘Unbeatable’ Altcoins Now For Massive Gains in 2024
- The Altcoin Season Index suggests a shift towards altcoins, especially in September, despite 2024 being more favorable for Bitcoin so far.
- Chainlink (LINK) is viewed as a long-term investment due to its strong partnerships and consistent performance.
- Control (CTRL) has garnered attention and increased trading volume following its rebranding and focus on user-friendly wallet solutions.
- Edu3Labs and xRaise are two other altcoins with potential. Edu3Labs focuses on web 3 education and AI-driven learning, while xRaise targets gamers with its user-friendly features and flexible fee structure.
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9 Likes
Bitcoinchaser
1M
123
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Duelbits Weekly Originals Tournament: $10K Prize Pool Awaits!
- The Duelbits Weekly Originals Tournament offers a $10,000 prize pool for players to win.
- To join the tournament, players need to opt-in by tapping the 'Opt-in' button.
- Players earn points by placing bets of $0.50 or more on eligible games.
- The top 57 players on the leaderboard at the end of the week will win a share of the prize pool, with the first-place winner receiving $4,000.
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7 Likes
Bravenewcoin
1M
86
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Bitcoin’s $62K Stumble Tied to Futures Market Shake-up
- Bitcoin fell over 4.40% due to a long squeeze in the perpetual futures market, according to Brave New Coin's Bitcoin Liquid Index.
- Crypto experts are raising concerns due to expectations of another interest rate hike from the Bank of Japan, which historically affects cryptocurrencies.
- Long squeezes intensify selling pressure and further drive down prices, triggering additional margin calls and forced liquidations, amplifying the downward momentum.
- In the past 24 hours, a total of 67,689 traders have been liquidated, resulting in total liquidations across centralized exchanges amounting to $188.38 million.
- Bitcoin led the cryptocurrency market in these liquidations, with nearly $48.49 million wiped out during this period, highlighting the impact of the long squeeze on bullish traders.
- The futures market shows signs of overheating, with open interest around $19.1 billion.
- Since March 2024, open interest has exceeded $18.0 billion only six times, with each instance followed by a price decline.
- Investors are wary of a repeat of the yen carry trade unwind that occurred in late July.
- This event caused panic in financial markets and led to Bitcoin’s rapid plunge from $70,000 to below $50,000 within days.
- Looking ahead, traders and investors will be closely monitoring central bank policies and their implications for both traditional and digital assets.
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5 Likes
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