Cryptocurrency

Bitcoin’s BTC$68,324 price nearing $70,000 has sparked a shift in market sentiment, with a surge in bullish posts among traders. However, one trader warns that the market isn’t quite there yet and still has a way to go before it can truly be called bullish. “I don’t think the sentiment is that bullish currently,” independent crypto analyst […]

Corners of financial markets that could feel the impact of a Donald Trump victory are stirring again, as the U.S. presidential race tightens with less than three weeks until Election Day. Assets ranging from small-cap stocks to bitcoin have climbed in recent weeks while the Mexican peso and Treasuries have slipped, as polls show a tight race between Republican candidate […]

Bitcoin prices will surge if escalating tensions in the Middle East cause oil and energy prices to rise, according to Arthur Hayes, co-founder of the crypto exchange BitMEX. Hayes wrote in an Oct. 16 blog post that “oil prices would spike” in a scenario in which major oil and natural gas fields were attacked in an escalated conflict between […]

FBI agents on Thursday arrested a 25-year-old Alabama man for his alleged role in the Jan. 9 hack of the Securities and Exchange Commission’s X account, which sent the price of bitcoin spiking by more than $1,000, the Department of Justice announced. The man, Eric Council Jr., was ordered held without bail after was appeared […]

Bitcoin BTC$67,545 price registered another monthly high at $68,400 on Oct. 16, forming a new higher-high pattern( HH3) in the markets. BTC swiftly registered a new weekly high after a sharp hourly correction of 3.41% on Oct. 15. Alongside price, BTC’s on-chain data is also demonstrating a positive improvement, with active addresses indicating a positive shift in […]

Robinhood is expanding its reach into the futures market by adding Bitcoin and Ethereum alongside oil and the S&P 500 index as part of its broader strategy to attract seasoned traders. A Robinhood spokesperson told Decrypt on Wednesday its futures offerings via its trading app is expected in the “coming months.” The offerings will include […]

The Italian government is considering increasing the capital gains tax for investments in Bitcoin to 42% from 26%, according to Deputy Economy Minister Maurizio Leo. Speaking at a news conference at Palazzo Chigi on Oct. 16, Leo commented on Italy’s new budget bill, which the Council of Ministers approved. The minister said the withholding tax on Bitcoin BTC$67,549 capital […]

Analysts at global research and brokerage firm Bernstein say bitcoin’s surge is fueled by Donald Trump’s rising chances in the 2024 election. They point to Microstrategy’s stock, soaring 191% this year, as a key signal of a looming market breakout. With Trump leading in key swing states, his election odds are igniting a stronger crypto […]

Elon Musk’s Tesla has moved bitcoin (BTC) for the first time in two years, according to onchain data discovered by Arkham Intelligence. The transaction was carried out in three separate batches, transferring a total of around 3,385 BTC—equivalent to approximately $225 million—to three unique and unidentified P2PKH (Pay to Public Key Hash) bitcoin addresses. The motives behind the transfer […]

On Oct. 15, 2024, Tesla initiated a transaction, transferring 1,800 BTC at precisely 5:03 p.m. EDT at block height 865,811. Following this initial move, the company shifted a grand total of 11,509 BTC, valued at more than $760 million, from its well-known wallets. At this time, it’s suspected that the funds have been relocated to new wallets, although […]