Tag: Price

Bitcoin hits all-time high as ETFs drive price despite treasury buys

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While Bitcoin treasury companies accumulated $1.2 billion in BTC last week, analysts suggest that Bitcoin’s new all-time high was more likely driven by inflows into Bitcoin exchange-traded funds. Bitcoin went on to spike coming into the weekend, hitting a new all-time high of over $125,000 on Saturday.  Bitcoin (BTC) treasury companies purchased more than 6,702 coins over the week, led by Japanese investment firm Metaplanet, which added 5,258 Bitcoin on Oct. 1. In comparison, spot Bitcoin ETFs recorded a net inflow of $3.24 billion last week, nearly matching their record…

Ethereum Price Faces Pause – Will Bulls Use This Dip To Fuel Next Rally?

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Ethereum price started a steady increase above $4,500. ETH is now consolidating and might aim for more gains if it clears the $4,620 resistance. Ethereum remained stable above $4,450 and started a recovery wave. The price is trading above $4,500 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $4,490 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above $4,550 and $4,620. Ethereum Price Gains Over 5% Ethereum price remained…

XRP Price Moves into $5 Breakout Range as Community Speculates on Ripple National Bank

Key Notes XRP price rises above $3 as traders anticipate upside from Ripple’s OCC banking license application. Derivatives data show $8.9 billion open interest, signaling renewed institutional speculation despite weekend liquidity. Chart indicators reveal XRP entering a critical $3.10-$3.15 resistance zone, with potential for a $5 breakout in Q4. . The XRP price moved above $3 on Sunday, October 5, and held steady around its five-day average. Despite a modest 2% rise, XRP appeared to underperform Bitcoin and Ethereum, which rallied over 3% as BTC set fresh all-time highs. This…

99% Of Bitcoin Supply In Profit – What This Means For Price

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Bitcoin’s price gain in the last week has resulted in multiple other positive developments, ranging from a surge in ETF inflows to a bullish change in option trading calls, all signifying a renewed market confidence. In particular, over 99% of Bitcoin’s circulating supply is now held at an unrealized profit, a milestone that underscores the market’s strength. However, historical trends suggest that such conditions often precede a major price correction. Bitcoin May Be Headed For 10% Correction – Analyst In an X post on October 4, market analyst Ted Pillows shares…

Bitcoin Price Sets New All-Time High: Is $150K Next?

Key Notes Bitcoin price hits new all-time high above $125,500 as ETF inflows exceed $3.2 billion in one week. CryptoQuant’s Coinbase Premium Index remains positive for 30 consecutive days, signaling persistent institutional accumulation. Analysts predict that BTC could test $150,000 if bullish momentum holds after nine consecutive green days. Bitcoin price advanced to fresh all-time highs of $125,580 on Sunday, October 5, propelled by a five-day buying frenzy that drew $3.2 billion in inflows from Bitcoin ETFs last week. On-chain data shows the Coinbase Premium Index has trended positive for…

Ethereum Price Beats 14-Day Resistance Despite 1,000 ETH Insider Sell-Off

Key Notes Ethereum price breaks above $4,600 for the first time in two weeks despite insider sell-off by Ethereum Foundation. Derivatives market shows new speculative long positions building as open interest rises 1.7% amid flat weekend trading volume. Institutional inflows remain strong, with ETH ETF logging five consecutive days of net gains and Bitmine’s treasury holdings crossing 2.65 million ETH. Ethereum price rose 1.4% on Sunday, October 5, breaking above $4,600 for the first time in two weeks. Derivatives market data shows ETH attracting fresh long bets, even after the…

Bitcoin Price Watch: Intraday High of $125,725 Sparks Bullish Momentum 

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Despite a strong upward trajectory and renewed investor interest, bitcoin appears to be entering a short-term cooling phase following last night’s recent all-time high. Technical signals across multiple timeframes show bullish momentum remains intact, yet warning signs suggest a potential retracement before further gains. Bitcoin Chart Outlook and Price Prediction On the daily chart, bitcoin […] Original

Bitcoin UTXO Falls To Lowest Level Since April 2024 — What This Means For Price

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According to the latest on-chain data, Bitcoin has been witnessing an interesting change in its holder behavior, further intensifying the bullish speculation in the market.   Bitcoin UTXO Count Declines As Price Surges In a Quicktake post on CryptoQuant, market analyst CryptoOnchain revealed that long-term Bitcoin investors seem to be changing their investment strategy by increasingly holding on to their coins. This on-chain observation is based on the Bitcoin UTXO Count metric, which tracks the total number of individual unspent transaction outputs on the blockchain. Related Reading For context, an unspent…

Solana Price Slips Below $230, But Analyst Says Next Major Resistance Still At $245

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Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…