Bitcoin, the top cryptocurrency, reached a two-month low due to risk aversion in global markets triggered by concerns about China's economy and U.S. interest rates, as well as a report that Elon Musk's SpaceX sold its bitcoin holdings.
Cryptocurrency traders are preparing for increased volatility in the market after bitcoin's recent plunge, as indicated by on-chain data showing a surge in implied volatility and adjustments in traders' strategies.
Large ether (ETH) investors took advantage of lower prices following a market tumble to accumulate $94 million worth of ETH, while large bitcoin investors added $309 million worth of BTC to their wallets.
Bitcoin remains on track for a massive bull cycle despite recent price decline, as indicated by broader indicators of its price patterns and the use of logarithmic growth curves. The 200-week moving average is seen as less significant as a key price support level for Bitcoin, and the analyst is also looking for an entry point for Ethereum.
Bitcoin's volatility has increased as the market reacts to news regarding the United States Securities and Exchange Commission's delay on Bitcoin exchange-traded fund (ETF) applications, with Bloomberg analysts remaining optimistic about the possibility of Bitcoin ETFs being approved in 2023.
Bitcoin and Ethereum options are set to expire today, with a smaller number of contracts compared to previous weeks, potentially impacting the lackluster prices of both cryptocurrencies, as Bitcoin remains range-bound around the $26,000 level.
Bitcoin experienced volatility and a "short squeeze," resulting in new highs for September, punishing late traders chasing the market up and down, with short liquidations totaling $23.5 million on September 7.
Bitcoin and other cryptocurrencies are experiencing a decline in value, leading traders to anticipate significant volatility in the market this week.
Bitcoin (BTC) experiences volatility following a higher-than-expected CPI report, with traders wary of the Wall Street open and inflation concerns.
Analysts predict increased volatility and a potential recovery for the Ether market as the count of daily active Ethereum addresses reaches a second-highest record, indicating growing demand for the cryptocurrency.
Bitcoin experienced volatility as the Federal Reserve maintained interest rates, with experts predicting no more rate hikes and the potential for Bitcoin to trend upwards.
Bitcoin and Ether fell below key price levels as cryptocurrency markets retreated following the US Federal Reserve's hawkish stance on interest rates, with more downward movement expected for Bitcoin as it fails to break its 50-day moving average, while Ether's failure to rally above the $1,650 support level could have significant implications for altcoin sentiment.
Cryptocurrency markets surged higher, with Bitcoin breaking above $27,000 and Ethereum outperforming Bitcoin due to investor hopes for a potential U.S. regulatory greenlight for a futures-based exchange-traded fund (ETF).
Ethereum may outperform Bitcoin in the longer term, according to trader Dave the Wave, who believes that Ethereum's lower highs and lows in the short term are overshadowed by its potential breakout in 2022. On the other hand, Bitcoin is expected to outperform traditional assets for at least another decade based on logarithmic growth curves.
The prices of Bitcoin and Ethereum surged in a 15-minute window, leading to bullish predictions for the rest of October, with over $70 million in crypto shorts being liquidated as a result.
Bitcoin could potentially experience a short-term reversal due to recent price increases, and the underperformance of ether futures exchange-traded funds (ETFs) has had a negative impact on major cryptocurrencies.
Bitcoin (BTC) experienced decreased volatility as it struggled to push past the $28,000 mark and faced concerns from market participants over potential losses to come.
Bitcoin's market share in the crypto market has risen to 48.5% as investors turn to the original cryptocurrency amid rising geopolitical risks, while Ether's market dominance has declined to 17%.
Cryptocurrency prices, including Ether (ETH), have fallen for the fourth day in a row due to a slightly higher-than-expected inflation report, with ETH reaching its lowest price since March; meanwhile, Bitcoin (BTC) remains relatively stable, potentially benefiting from its perceived safety during uncertain times.
Bitcoin's demand has surpassed Ethereum's due to the buzz surrounding a potential Bitcoin ETF and the upcoming halving, causing Ethereum's native token, Ether (ETH), to trade at a 15-month low against Bitcoin.
Ether (ETH) has underperformed bitcoin (BTC) this year and this trend is likely to continue as the U.S. Treasury bond market shows signs of dis-inversion, which could have a greater negative impact on ether than bitcoin.
Ethereum reaches a significant moment for crypto adoption by surpassing 100 million addresses with a balance, while Bitcoin holds an average time of 4.2 years and Ethereum's average daily transactions have dropped 36% from its peak level.
Bitcoin (BTC) reached three-month highs, surpassing $30,000 and approaching key resistance levels, while altcoins also experienced significant gains, signaling a potentially bullish market.
Bitcoin reached its highest level since mid-July as speculation grows over the approval of a spot Bitcoin ETF in the U.S., with the cryptocurrency up 2.2% and making up 49.6% of the overall crypto market, according to CoinGecko.
Bitcoin's price surged past $35,000 as the mood in the cryptocurrency market has improved, driven by the potential launch of bitcoin exchange-traded funds (ETFs) and growing interest from institutional investors like BlackRock.
Bitcoin's value reaches its highest point since May last year, surpassing $34,000 and resulting in over $310 million in liquidated short positions, while Ethereum also experiences a significant increase and the overall market capitalization of digital assets surpasses $1.3 trillion, sparking optimism about the potential launch of a spot Bitcoin ETF.
Bitcoin has surged past $35,000, driven by excitement over the possibility of bitcoin funds trading on stock exchanges and the potential launch of a BlackRock bitcoin ETF, although regulatory concerns and uncertainty still loom.
Bitcoin briefly surpassed $35,000 but quickly retreated as miners appeared to sell off their holdings, possibly leading to consolidation below that level, according to hedge fund manager Charles Edwards; however, he believes that bitcoin could still reach the $40,000-$45,000 range in the near future.
Bitcoin has surged past $35,000, reaching its highest price since May 2022, amid a bullish week for the cryptocurrency market fueled by hopes of a Bitcoin ETF approval and significant gains in other major cryptocurrencies like Ethereum, XRP, Solana, Cardano, and Dogecoin.
