1. Home
  2. Bitcoin Price

Bitcoin Price

Bitcoin hits $73.6K as fundamentals suggest new all-time highs are programmed

Bitcoin price rallies within $200 of a new all-time high as several fundamentals point to the crypto bull marking picking up pace. 

Bitcoin (BTC) price sprinted toward its all-time high at $73,800, and this move differs from recent rallies as several fundamentals suggest that the bull market is shifting into a higher gear. 

Here are six important pieces of data that signal Bitcoin is ready to hit new highs.  

Bitcoin’s strong range break and sustained multiday close above the previous trading range inspired traders to open new positions with the intent of chasing higher targets in the $85,000–$160,000 range, a point well illustrated by veteran trader Peter Brandt. 

Read more

dYdX lays off 35% of staff shortly after major Consensys cuts

Bitcoin Tops $73K With Record Trading Volume—Is There More to Come? 

Bitcoin Tops K With Record Trading Volume—Is There More to Come? Bitcoin’s price zipped past $73,500 Tuesday as afternoon momentum pushed it even higher. Crypto Market Heats Up as Bitcoin Dominates The crypto star kept up its pace on Oct. 29, reaching $73,600 on Bitstamp by 3 p.m. EDT. With this lift, bitcoin’s market cap stands tall at $1.44 trillion, accounting for more than 58% of […]

dYdX lays off 35% of staff shortly after major Consensys cuts

Bitcoin Inches Closer to Record Highs—Are Traders Ready for What’s Coming?

Bitcoin Inches Closer to Record Highs—Are Traders Ready for What’s Coming?On Monday, bitcoin hit a high note, climbing past the $70,000 threshold for the first time since late July, peaking at an intraday high of $70,218 per coin. Bitcoin Hits New Heights: The Market Shift Behind Today’s $70K Push By 6:10 p.m. ET, bitcoin (BTC) had climbed 2.6% against the U.S. dollar, hitting the $70,218 […]

dYdX lays off 35% of staff shortly after major Consensys cuts

Bitcoin Technical Analysis: Upward Momentum Stays Strong Across Short and Long-Term Averages

Bitcoin Technical Analysis: Upward Momentum Stays Strong Across Short and Long-Term AveragesBitcoin’s price holds at $68,499 today within a 24-hour range of $66,964 to $68,750, with a market cap of $1.35 trillion and trading volume at $24.46 billion. Bitcoin On the 1-hour chart, bitcoin (BTC) has been on a steady climb after breaking free from a consolidation zone near $66,912. This upward movement gained momentum with […]

dYdX lays off 35% of staff shortly after major Consensys cuts

Bitcoin Drops Amid Market Chatter—A Familiar Pattern From the Past—Here’s What We Know

Bitcoin Drops Amid Market Chatter—A Familiar Pattern From the Past—Here’s What We KnowBitcoin’s price danced through a roller-coaster ride on Friday, hitting an intraday high of $68,700 before plunging to a 24 hour low of $65,853. Speculation Unsettles Bitcoin Market – Are We in for More? The dip came right after the Wall Street Journal published claims that Tether was allegedly facing a probe by U.S. authorities. […]

dYdX lays off 35% of staff shortly after major Consensys cuts

Bitcoin whale accumulation hits 670K all-time high amid BTC’s v-shaped bounce

Despite this week’s Bitcoin price drop, whales continued to add to their balance and the current v-shaped BTC recovery could be a sign that new highs are coming.

Bitcoin’s (BTC) price has swiftly recovered above $67,000, moving by 3% after dropping to a low of $65,200. Despite the recent drawdown, the metric tracking long-term Bitcoin accumulation sentiment did not change as BTC whales’ holding reached new highs.

BaroVirtual, a verified Bitcoin researcher on CryptoQuant, highlighted that the current whale holding reached a new all-time high (ATH) at around 670,000 BTC. The chart exhibits a growing trend in 2024, with whales initially eclipsing their previous ATH holding level from 2020 in July.

Bitcoin whales holdings chart. Source: CryptoQuant

Read more

dYdX lays off 35% of staff shortly after major Consensys cuts

Crypto founders should stop chasing narratives and start creating them

Founders and entrepreneurs need to stick to their guns if they want to make a difference in the industry.

People have always told stories to make sense of the world. Life is complicated, and we develop narratives to help explain it. And while the crypto sector is built around breakthrough innovations and farsighted vision, it is no less prone to narrative-building than any other sphere of human activity. 

Trends appear and recede. Zero-knowledge proofs, staking and parallel execution have all trended at various points, only to be overtaken by the next hot thing.

It is natural for people to follow narratives in an attempt to “ride the wave.” Founders of early-stage projects are no different, often trying to steer their vision toward ideas that can garner outsize attention and funding.

Read more

dYdX lays off 35% of staff shortly after major Consensys cuts

Tether’s USDT hits record $120B market cap, flashing ‘Uptober’ signal

The $120 billion USDT market cap could spill into Bitcoin and Ether, ending their seven-month downtrend and saving the “Uptober” narrative.

Tether’s United States dollar-denominated stablecoin has surpassed the record $120 billion market capitalization for the first time, signaling a potential crypto rally.

Tether’s USDt (USDT), the world’s largest stablecoin, surpassed the $120 billion mark on Oct. 20, according to the firm’s website, which offers live updates of the stablecoin’s supply.

Tether Tokens in circulation. Source: Tether.to

Read more

dYdX lays off 35% of staff shortly after major Consensys cuts

Bitcoin ETF liquidity set to surge after SEC options approval — QCP

To confirm a potential breakout from its current crab walk, Bitcoin needs to close the week above $68,700, according to market analysts.

Spot Bitcoin exchange-traded funds (ETFs) could see a significant liquidity boost, after the latest approval of the United States Securities and Exchange Commission (SEC).

On Oct. 18, the US SEC approved applications from the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE) to list the long-anticipated options for spot Bitcoin (BTC) exchange-traded funds (ETFs).

This will make options trading available for the 11 approved Bitcoin ETF providers.

Read more

dYdX lays off 35% of staff shortly after major Consensys cuts