Bitcoin bulls have one price level to defend
Here's the level analysts are watching and what a break below it could mean for the bulls.
PoW & Bitcoin mining headlines grouped by the Bitcoin block at each article’s publication time. Subscribe via RSS.
Chain tip: Block #971,464
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Here's the level analysts are watching and what a break below it could mean for the bulls.
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Gemini co-founder Tyler Winklevoss says the current excitement surrounding Zcash (ZEC) feels reminiscent of crypto in 2019.
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BTC is not among the selected potential winners but XRP has found its way.
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The US Dollar Index (DXY) is heading for its best month since June. The index has gained nearly 2% in September amid hawkish Federal Reserve signals. This tends to weigh on Bitcoin (BTC), yet the largest cryptocurrency has gained 6.14% this month. It now heads into October, historically its strongest month by median return. What The post The Dollar Is Having Its Best Month Since June, and Bitcoin Hasn't Blinked Yet appeared first on BeInCrypto .
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A trend guage tracked on onchain analysis firm CryptoQuant is near its ceiling. The buyers who drove BTC to an eight-month high are already pulling back.
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NY Fed's Williams says no rush on an October rate hike, cutting odds to 51.5%. Here is what it means for Bitcoin. The post Will the Fed Raise Interest Rates in October? Key Signal Arrives appeared first on BeInCrypto .
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Bitcoin Magazine Bitget Customers Withdraw Over 4,000 Bitcoins in One Hour Following $388M Hack Bitget this week resumed customer withdrawals and within one hour, users had taken over 4,000 bitcoins off the exchange. This post Bitget Customers Withdraw Over 4,000 Bitcoins in One Hour Following $388M Hack first appeared on Bitcoin Magazine and is written by Mathew Di Salvo .
August job openings eased modestly, while households' inflation views kept the path to lower yields uncertain. The post Bitcoin drops to $82,000 on US data, and inflation fear is blamed appeared first on CryptoSlate .
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Grayscale has spotlighted four cryptocurrencies built for digital-currency use within its Currencies sector, singling out Zcash as the asset with the most room to grow. Zach Pandl, Grayscale’s Head of Research, argues that Zcash could gradually capture part of Bitcoin’s enormous market share as demand for private digital payments grows. Grayscale’s Four Digital-Currency Bets Grayscale The post Grayscale Names 4 Crypto With Real Digital-Currency Use appeared first on BeInCrypto .
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Bitcoin Magazine Bitwise Head of Research: Sovereigns Selling Gold for Bitcoin | Ryan Rasmussen Bitwise’s Ryan Rasmussen breaks down institutional crypto adoption, revealing why pensions and sovereign funds bought the dip from $125K to $60K. This post Bitwise Head of Research: Sovereigns Selling Gold for Bitcoin | Ryan Rasmussen first appeared on Bitcoin Magazine and is written by Patrick Green .
Bitcoin Magazine Tracy Shuchart: BTC & the Commodities Supercycle Tracy Shuchart breaks down Strait of Hormuz oil disruptions, warning that GCC output losses and crack spreads signal a worsening winter energy pinch. This post Tracy Shuchart: BTC & the Commodities Supercycle first appeared on Bitcoin Magazine and is written by Patrick Green .
Bitcoin Magazine Dan Tapiero: “We’ve Begun a Bull Phase” in Bitcoin Dan Tapiero reveals why a new bull phase has begun, pointing to core revenue growth across stablecoins, tokenization, and Hyperliquid. This post Dan Tapiero: “We’ve Begun a Bull Phase” in Bitcoin first appeared on Bitcoin Magazine and is written by Patrick Green .
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JPMorgan's Bitcoin production cost estimate of $85,000 could ease miner selling. On-chain data shows why relief is fragile. The post JPMorgan Reveals the Critical Price Level for Bitcoin Miners appeared first on BeInCrypto .
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Bitcoin Magazine HANetf Debuts Euro-Hedged Bitcoin Fund in World First European BTC investors can typically be exposed to both volatile swings in the cryptocurrency’s price as well as the dollar’s move against the euro. A new fund aims to fix that. This post HANetf Debuts Euro-Hedged Bitcoin Fund in World First first appeared on Bitcoin Magazine and is written by Mathew Di Salvo .
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El Salvador is turning to stablecoins for remittances, further separating everyday payments from the country's pioneering Bitcoin experiment. Sivar, a new national community and payments app developed by Modveon, will use Coinbase infrastructure to settle transfers in stablecoins on Base, according to a Sept. 29 announcement. Users in the US can fund transfers with debit […] The post El Salvador targets $9 billion in transfers, but chooses stablecoins appeared first on CryptoSlate .
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"It needs some of the air let out," one analyst stated.
Bitcoin ETFs extended their inflow streak to eight straight days on Monday, bouncing back from the Clarity Act sell-off in a big way.
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Bitcoin Magazine Stretched Profits and Cooling Demand Put Bitcoin Rally on Pause — For Now: Report A new report from CryptoQuant still declares a bitcoin bull market but says a “healthy correction” could be coming. This post Stretched Profits and Cooling Demand Put Bitcoin Rally on Pause — For Now: Report first appeared on Bitcoin Magazine and is written by Mathew Di Salvo .
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Bitcoin Magazine Alkanes Asian Market Drove 61% of Bitcoin Transactions for 90 Days, SUBFROST Data Shows SUBFROST said Alkanes made up 61.1% of all Bitcoin transactions from June 23 to Sept. 20 — about 59.9 million txs across blocks 954,917–967,918. This post Alkanes Asian Market Drove 61% of Bitcoin Transactions for 90 Days, SUBFROST Data Shows first appeared on Bitcoin Magazine and is written by Juan Galt .
Soluna and Bitdeer have expanded their Project Kati 1 agreement by approximately 7 MW. Bitdeer’s total deployment at the wind-powered Texas site will rise to 35 MW and about 2.42 EH/s. The additional capacity is expected to be deployed by November and fully books the K1BC phase of the project.