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Bitcoin News
Crypto-News-Flash
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Bitcoin (BTC) Plummets Amid Israel-Iran Tensions—More Volatility Expected as Conflict Escalates
- Bitcoin (BTC) plummeted to $61k after tensions escalated between Israel and Iran, with over 180 missiles fired into Israel.
- Geopolitical instability led to a liquidation of $250 million in futures positions and a sell-off in US equities.
- Bitcoin and other cryptocurrencies experienced a decline, with Ethereum down 6% and Binance Coin, Solana, Dogecoin, and Cardano also dropping.
- Analysts remain optimistic for a rebound in Bitcoin price as the US presidential election outcome becomes clearer.
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Coinpedia
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Bitcoin (BTC) Price at Dire Straits: Has the Bull Run Deferred?
- Bitcoin price dropped below $61,000 and triggered liquidations of $500 million worth of assets.
- Whales have accumulated over 50,000 BTC in the last 10 days, suggesting a bullish quarter may be approaching.
- The OTC desk balance has reached a 2-year high, indicating a possible sell-off and decline in Bitcoin price.
- Long-term trend suggests a potential parabolic run and market participants need to monitor Bitcoin price action.
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Newsbtc
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Dogecoin (DOGE) Falls to Support: Can It Avoid a Breakdown?
- Dogecoin (DOGE) falls below $0.1120 support, but remains stable above $0.100.
- DOGE price is trading below the $0.1120 level and the 100-hourly simple moving average.
- A major bearish trend line is forming at $0.1175, which could act as a resistance.
- If DOGE fails to climb above $0.1095, it may face further declines toward $0.100 support.
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Cryptonews
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Bitcoin or Gold? Bitwise CIO Unveils Whether Splitting Investments Really Delivers the Best of Both Worlds
- Matt Hougan, the Chief Investment Officer at asset management firm Bitwise, compared the effect of adding Bitcoin or gold to a traditional portfolio.
- Hougan's results showed that adding just 5% Bitcoin to a portfolio would've more than doubled its returns.
- Bitcoin increases returns while gold reduces risk in a portfolio, according to the analysis.
- Hougan suggests that Bitcoin is a better option than gold based on its impact on the portfolio's Sharpe ratio.
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Newsbtc
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XRP Price Fights to Regain Momentum: Will It Break Through??
- XRP price extended its losses and tested the $0.5785 support level.
- The price is now attempting a fresh increase but facing hurdles near $0.620.
- There is a key bearish trend line forming with resistance at $0.6220 on the hourly chart.
- The pair could start a fresh increase if it clears the $0.6220 and $0.6250 resistance levels.
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Bitcoinist
1M
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Bitcoin Data Suggests Strong Upside Potential As BTC Delivers $264M In Average Net Profit
- Bitcoin is trading at a crucial level following a 5% dip from recent highs.
- Key data from CryptoQuant suggests that the average BTC investor has seen impressive returns.
- Investors are hopeful for a potential surge in the coming weeks, with BTC's price action determining market direction.
- Bitcoin's recent performance and testing of key levels indicate strong upside potential.
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TronWeekly
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Bitcoin’s 10% September Surge Signals Bullish Momentum Ahead
- Bitcoin's price dipped below $64,000 on September 30, but bullish signals persist despite selling pressure.
- CryptoQuant CEO highlights Bitcoin's bullish phase, with rising market cap signaling potential upside.
- Analysts suggest Bitcoin's strong September performance may lead to further gains in October.
- Bitcoin's September performance breaks historical trends, with a rise of over 10% defying expectations.
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Newsbtc
1M
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Ethereum Price Extends Losses: Is The Downtrend Set to Continue?
- Ethereum price is struggling to recover above the $2,550 resistance.
- The price is trading below $2,520 and the 100-hourly Simple Moving Average.
- There is a short-term consolidation pattern forming with resistance at $2,500.
- The pair must stay above the $2,420 support for a fresh increase in the near term.
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Cryptonews
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Bitcoin Tumbles Toward $60K Amid Growing Tensions in Middle East
- Bitcoin drops over 3% in early October, contradicting expectations of a bullish ‘Uptober’.
- Recent gains from the US Fed’s rate cut have been mostly lost.
- Market expectations of further Fed easing are deemed unrealistic by BlackRock’s CEO.
- Geopolitical tensions impact Bitcoin’s performance, while traditional safe havens like gold and oil rise.
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Medium
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Why Using A Crypto OTC Trading Desk?
- Using a crypto OTC desk comes with significant advantages for high-volume traders, especially when it comes to handling large transactions privately and efficiently.
- Liquidity: Crypto OTC desks offer deeper liquidity compared to public exchanges, which often struggle with large orders.
- Confidentiality: One of the biggest advantages of Crypto OTC trading is the privacy it offers. Transactions occur directly between the buyer and seller, keeping the trade-off public order books and out of sight from third parties.
- Direct Transactions: Crypto OTC trading allows buyers and sellers to trade directly, without intermediaries, reducing the risk of fraud and enhancing transparency.
- Minimised Market Impact: Large transactions on public exchanges can cause significant price shifts, known as slippage. OTC desks reduce this risk by executing trades privately, keeping market impact minimal and ensuring more favourable pricing.
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Cryptonews
1M
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Breaking: Bitwise Files for XRP ETF, Sources Confirm Authenticity
- Bitwise has filed for an XRP ETF in Delaware, confirming its authenticity.
- Earlier rumors of an XRP ETF turned out to be false.
- The filing has been confirmed by Bitwise's Chief Investment Officer, Matt Hougan.
- The approval of the XRP ETF is still subject to SEC's appeal of a favorable XRP ruling.
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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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Cryptonews
1M
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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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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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