Day: September 25, 2024

Bitcoin Price (BTC) Optimism Suggested by Retail Accumulation and Crypto Exchange Outflows

In the past 30 days, the Bitcoin (BTC) ecosystem has seen a significant rally in accumulation, with approximately 88,000 BTC being amassed on a net basis. This strong period of accumulation, which has persisted through much of September, is notable for being about seven times the monthly bitcoin issuance of around 13,500 BTC. Such intense accumulation has not been seen since Q4 2023, a period that saw a rapid increase in bitcoin’s price. Source CryptoX Portal

Bitcoin Price (BTC) Rose 0.8% While Ether Price (ETH) Gained 0.1%

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Cryptocurrency Market Surge Analysis – CryptoCurrencyNews

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The cryptocurrency market experienced a significant surge today, with major coins like Bitcoin and Ethereum leading the charge. Bitcoin (BTC) saw a rise of 5%, reaching a new high for the month. Ethereum (ETH) followed closely with a 4% increase, buoyed by growing interest in decentralized finance (DeFi) applications. Several factors contributed to this upward momentum. Firstly, increased institutional investment played a crucial role. Companies like MicroStrategy and Tesla (NASDAQ:TSLA) have continued to bolster their Bitcoin holdings, instilling confidence in the market. Additionally, the recent approval of a Bitcoin ETF…

Cryptocurrency Market Overview: Current Trends

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The cryptocurrency market has been experiencing significant fluctuations in recent times. Bitcoin (BTC), the largest cryptocurrency by market cap, has seen its price oscillate widely. This volatility is attributed to various factors, including regulatory news, market sentiment, and macroeconomic trends. Ethereum (ETH), the second-largest cryptocurrency, continues to garner attention due to its potential applications in decentralized finance (DeFi) and non-fungible tokens (NFTs). Despite facing some scaling issues, the Ethereum network remains a crucial player in the blockchain ecosystem. Other notable cryptocurrencies such as Binance Coin (BNB), Cardano (ADA), and Solana…

Today’s Cryptocurrency Price Movements – CryptoCurrencyNews

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Cryptocurrencies have been experiencing significant price movements today, with several major coins showing notable gains and losses. Bitcoin (BTC) continues to dominate the market, maintaining its position as the leading cryptocurrency by market capitalization. Bitcoin has seen a slight increase in its price, climbing by 1.5% over the past 24 hours. The digital currency is currently trading at around $30,000. This uptick comes after a period of relative stability, where Bitcoin’s price hovered around the $29,000 mark. Ethereum (ETH), the second-largest cryptocurrency by market cap, has also experienced a positive…

Cryptocurrency Prices Surge Amid Market Optimism

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The cryptocurrency market experienced a significant surge today, with notable gains across various major coins. Bitcoin (BTC) led the charge, breaking past the $30,000 mark for the first time in months, followed by Ethereum (ETH) which saw a 5% increase in its valuation. Market analysts attribute this positive trend to a combination of factors, including renewed investor confidence, regulatory clarity in key markets, and the increasing adoption of blockchain technology in various sectors. Additionally, the recent announcement by Tesla (NASDAQ:TSLA) to accept Bitcoin as payment for its electric vehicles has…

Ethereum Gains On Bitcoin Following Fed Rate Cut: Altseason Soon?

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Este artículo también está disponible en español. Ethereum (ETH) price has outshined Bitcoin (BTC) over the last week since the US Federal Reserve (Fed) slashed interest rate by 50 basis points (bps) on September 18, 2024. Ethereum Gains On Bitcoin, Prelude To Altseason? Ethereum has had an impressive last few days as far as its price action is concerned. ETH has surged by 16% to $2,666 since the Fed cut rates for the first time in four years. BTC has risen by 9% in the same period, trading at $63,643…

Odds of Bitcoin price soaring to a new all-time high are rising: Polymarket

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Bitcoin has a high chance of soaring to a new high this year, according to a recently launched Polymarket poll. Polymarket users see BTC hitting a new record high Sixty-three percent of participants in the the poll believe that Bitcoin (BTC) will continue its uptrend and reach a new record high. The odds of this happening have risen from this month’s low of 42%. With Bitcoin trading at $63,840, it needs to rise by 15.6% to retest its all-time high of $68,777. This is possible as it has entered a…

Satoshi era Bitcoin moves for the first time in 15 years

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. On September 20, Bitcoin moved for the first time in 15 years, igniting interest in early crypto rewards and upcoming presales. Friday the 20th of September saw Bitcoin moved for the first time in 15 years. Hundreds of Bitcoin date back to the early months of the pioneering cryptocurrency which is known by many as the Satoshi Era. The transparency of blockchain data allowed researchers to discover that the…