Day: October 15, 2024

A ‘Cautious Bullish’ Outlook Amid Fed Worries And Market Volatility

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Este artículo también está disponible en español. A recent report from centralized exchange (CEX) Blofin highlights a cautiously bullish sentiment among crypto investors, even as macroeconomic indicators and global market conditions continue to inject a degree of precaution into the market.  Market Anticipates Limited Fed Rate Cuts According to the firm’s analysis, one significant factor influencing market sentiment is the surprisingly positive Consumer Price Index (CPI) data for September, which has altered expectations regarding future interest rate cuts by the US Federal Reserve (Fed).  Currently, the market anticipates that the…

$145m in short liquidations pumped Bitcoin, altcoins 

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The cryptocurrency market is seeing increased short liquidations as major assets, including Bitcoin, gain bullish momentum. According to data provided by Coinglass, the total liquidations over the past 24 hours surpassed $192 million. Of this tally, more than $145 million in short trading positions have been wiped out and the remaining $46 million belongs to long trades. Crypto liquidations – Oct. 15 | Source: Coinglass Bitcoin (BTC) recorded $63 million in liquidations—$55 million shorts and $7.7 million longs—as it surpassed the $66,000 mark on Oct. 14. BTC is still up…

Bitcoin rally prompts Metaplanet to stock up, bringing holdings to $56m

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Japanese investment firm Metaplanet continues to boost its Bitcoin holdings by purchasing 106.97 BTC ($6.9 million) amidst the ongoing Bitcoin rally. The hotel operator turned investment firm announced in an Oct. 15 notice that it has purchased an additional ¥1 billion or equal to $6.9 million worth of Bitcoin(BTC). Metaplanet’s latest BTC purchase brings their total crypto holdings to 855.48 BTC or $56 million. On the day of purchase, Bitcoin soared by 2.06%, crossing the $65,000 threshold. This is the first time Bitcoin has reached that level since Sept. 30,…

Spot Bitcoin ETFs record largest single-day inflow in over four months

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Spot Bitcoin exchange-traded funds In the United States have experienced their largest inflow in over four months, reflecting a surge of investor interest in Bitcoin as the cryptocurrency market rebounds. Data from SoSoValue shows that on Oct. 14, net inflows across 12 Bitcoin ETFs amounted to $555.86 million, more than double the $253.54 million recorded on the previous trading day. Among the 12 ETFs, Farside’s FBTC led with an impressive inflow of $239.25 million, marking its largest since June 4 and continuing its second consecutive inflow day. Bitwise’s BITB fund…

Bitcoin Open Interest Hits Record $19.8 Billion—Is The $100K Rally About to Begin?

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The Bitcoin price is rising, reaching as high as $66,173 today; the asset appears to have hit a milestone behind the scenes. According to a CryptoQuant analyst, EgyHash, Bitcoin’s open interest—a measure of the total number of outstanding derivative contracts—has reached a new all-time high. This development signals heightened activity in the Bitcoin market and suggests strong sentiment among traders. Detailing The Open Interest ATH In a post on the CryptoQuant QuickTake platform, EgyHash detailed the significance of this new peak in Bitcoin’s open interest. The analyst noted, “Bitcoin’s open…

Crypto Market Flatlines at $2.3 Trillion—Coingecko’s Q3 Insights Show Surprising Trends

According to Coingecko’s 2024 Q3 Crypto Industry Report, the global cryptocurrency market closed flat, ending the quarter with a $2.33 trillion market cap. However, the period saw considerable volatility driven by geopolitical and economic events across major markets. Q3’s Crypto Winners and Losers: Coingecko’s Report Breaks It Down Coingecko’s latest report highlights that the crypto […] Source CryptoX Portal

$150M Crypto Scheme Leader Vanishes From US Detention, Active Manhunt Underway

A German national accused of orchestrating a $150 million cryptocurrency fraud is now a fugitive after allegedly tampering with his ankle monitor while on home detention in New York. Prosecutors say he led a multi-level marketing scheme, promising massive returns, before siphoning off millions in cryptocurrency and disappearing just before his trial. An active investigation […] Source CryptoX Portal

Samara Asset Group Eyes $32.8 Million Bond Issuance To Increase Bitcoin Holdings

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Este artículo también está disponible en español. In an October 14 announcement, Malta-based Samara Asset Group revealed plans to increase its Bitcoin (BTC) holdings through proceeds from a $32.8 million bond issuance. Samara Targets 1,000 Bitcoin Milestone Publicly-listed asset management firm Samara announced it had mandated investment bank Pareto Securities as a sole manager to schedule a series of fixed-income investor meetings to potentially issue up to a €30 million or $32.8 million Nordic bond. Related Reading Notably, the proceeds from the bond issuance will be utilized toward expanding Samara’s…

Bitcoin Cash (BCH) Soars 20%: Can The Momentum Last?

Bitcoin Cash price started a major increase above the $350 resistance. BCH is consolidating and might aim for more gains above the $385 resistance. Bitcoin cash price started a fresh increase above the $350 level. The price is trading above $365 and the 100-hour simple moving average. There is a connecting bullish trend line forming with support at $355 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair could start another increase if it clears the $380 resistance zone. Bitcoin Cash Price Starts Fresh Surge…