Cryptocurrency

In the past six months, the Bitcoin network has seen a significant drop in capital inflows, with the Bitcoin price stuck in a “lengthy consolidation phase,” according to Glassnode. This extended period of consolidation, which has persisted since after the 2024 Bitcoin halving, has seen the short-term holder (STH) cohort, those who have held BTC for […]

Bitcoin traders are attempting to push the price through the current resistance cluster to hit a 2-month high above $66,000. To pull this off, the market needs to see either an uptick in spot volumes or futures open interest where leveraged longs pile in to bust through a thick wall of asks at $65,000. BTC/USD at […]

Bitcoin has been mislabelled as a “risk-on” asset, according to BlackRock’s head of digital assets, Robbie Mitchnick. “What’s happened a little bit in the crypto industry is a bit of an own goal,” said Mitchnick in an interview with Bloomberg on Sept. 24. “Some of the crypto research type publications and daily commentaries have taken the fact […]

MicroStrategy’s Bitcoin buying spree has been a “key driver of its stock’s outperformance,” and the company should consider “beginning to generate yield by lending out a portion of its Bitcoin holdings,” according to a Sept. 24 analyst report shared with Cointelegraph. The company’s stock, MSTR, could be worth $215 per share if MicroStrategy continues to leverage […]

Artificial intelligence-related cryptocurrencies led the crypto rally on Monday as altcoins continued to shine relative to bitcoin (BTC). Native tokens of layer-1 blockchain Near (NEAR) and decentralized computing platform Render (RNDR) advanced 18%-20% over the past 24 hours. They were the fastest horses within the broad-market benchmark CoinDesk 20 Index, which gained 1.5% during the same period. Decentralized machine learning protocol Bittensor […]

One of the exciting developments from last week was the U.S. Securities and Exchange Commission’s (SEC) nod for approval and listing of physically settled options tied to BlackRock’s spot bitcoin (BTC) ETF, the iShares Bitcoin Trust (IBIT). There is consensus that the IBIT options, which still needs to be greenlighted by the Options Clearing Corporation (OCC) and […]

Hamster Kombat, the sensation game on Telegram, is on the verge of embarking on one of the largest token distributions in history. The Hamster Kombat team disclosed that the airdrop will reach 131 million users. However, players have criticized the allocation of these tokens, with many stating that their efforts were not rewarded accordingly. Hamster […]

Bitcoin is due an “explosive move” by the end of 2024 as recent BTC price action sets up an $85,000 target. In a post on X on Sept. 21, crypto trader, investor and analyst Titan of Crypto predicted “intermediate” 35% gains for BTC/USD.Trader counts down to Bitcoin breakout “by the end of the year” Bitcoin continues to hold […]

Bitcoin was the notable mover as it reached for one-month highs on Monday, sustaining its rally after the Federal Reserve’s super-sized rate cut last week, while the yen and most other major currencies stagnated with Japanese markets on holiday. The dollar strengthened against the yen last week after policy meetings in both the United States […]

Bitcoin dipped below $63,000 on Sept. 22, indicating possible profit booking by short-term traders. Some analysts believe that Bitcoin could enter a minor consolidation before attacking the crucial overhead resistance at $65,000. While short-term uncertainties remain, analysts are bullish for the long term. Standard Chartered global head of digital assets research Geoff Kendrick expects Bitcoin to reach […]