Cryptocurrency

The United States election outcome won’t change the bullish trajectory of cryptocurrencies such as Bitcoin, which will likely tap $100,000 per coin regardless of which presidential candidate prevails, Dan Tapiero, founder of 10T Holdings, said on Oct. 10. Dan Tapiero, left, in a panel discussion at the Permissionless conference. Source: Cointelegraph “I don’t think it […]

Bitcoin’s price is consolidating below its 2021 high of $69,000, and independent trader Bob Loukas says it is entering an “explosive” period of a four-year cycle. “Bitcoin closes the 2nd year of its 4-year cycle next month, entering the 3rd and historically explosive year of the Cycle,” Loukas said in an Oct. 8 post on X. Loukas […]

Bitcoin diced with $62,000 support into Oct. 9 as markets awaited an onslaught of United States macro data. BTC/USD 1-hour chart. Source: TradingView Bitcoin in limbo ahead of Fed minutes Data from Cointelegraph Markets Pro and TradingView showed tightly rangebound Bitcoin BTC$60,904.40 price action offering multiple retests of the $62,000 level into the daily close. Lacking momentum up or down, BTC/USD […]

Options on Bitcoin BTC$60,904.09 exchange-traded funds (ETFs) are likely to launch in the United States by the first quarter of 2025, according to James Seyffart, a Bloomberg Intelligence analyst. “I think before the end of the year is possible for options, but more likely in Q1 2025,” Seyffart said during an Oct. 9 panel discussion at the […]

Grammy-nominated rap star Robert Bryson Hall II, known professionally as Logic, belongs to a niche list of music celebrities with significant investments in Bitcoin (CRYPTO: BTC), the world’s largest cryptocurrency. What happened: Way back in November 2020, the rapper, known for the chartbuster song “1-800-273-8255,” disclosed on Instagram that he purchased $6 million worth of […]

Bitcoin (BTC) has surged over 40% this year, outshining major equity indices, fixed-income securities, gold and even oil, which recently rose on the back of geopolitical tensions. However, according to data tracked by Goldman Sachs, its stellar performance in absolute terms is not sufficient to compensate for its volatility. Bitcoin’s year-to-date return to volatility ratio is under […]

The idea that bitcoin (BTC) typically moves in lockstep with the S&P 500 is generally accepted by now. The positive correlation, however, may be tested in the lead-up to the U.S. elections as options market pricing points to diverging trends. On Monday, bitcoin options listed on dominant crypto exchange Deribit exhibited a noticeable skew (bias) […]

Institutions and politicians have frequently slammed maverick Bitcoin booster Nayib Bukele, president of El Salvador, for his handling of his country’s finances. But things may be paying off for the eccentric leader of the tiny Central American nation: the country’s bonds are booming. Bloomberg data shows that the bonds rallied after the country asked holders […]

China’s battered stock market has experienced a resurgence since late September powered by the barrage of stimulus by Beijing. But this surge could be sucking capital out of the crypto market, capping the upside in bitcoin, the leading cryptocurrency by market value, and other Asian markets, according to observers. “The current surge in Chinese stocks, […]

Bitcoin BTC$62,604.17 has been unable to sustain levels above $66,000 since July 31, despite achieving a 5.2% gain between Oct. 3 and Oct. 7. Some analysts assert that Bitcoin benefits from the ever-growing United States federal debt; however, while this correlation appears valid, it has minimal influence on short-term price trends. In reality, socio-political events seem to […]