Bitcoin Price Analysis: Is the September Rally Structure in Danger as BTC Hangs by a Thread?
Bitcoin is attempting to stabilize around $78K after posting its fourth straight weekly loss, with sentiment weighed down by the record Binance hack and a $643.3 million withdrawal from U.S. spot Bitcoin ETFs on Friday. The asset now sits inside a key demand zone that could decide whether the...
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Ethereum (ETH) Whales Buy Like ‘Crazy:’ Price Rally Incoming?
The second-largest cryptocurrency started last month on the right foot but ultimately plunged by more than 16%. In fact, this was the second-worst October in the asset’s history. Some factors that likely contributed to the downfall include overall market weakness, massive outflows from spot ETH ETFs, the multi-billion-dollar hack...
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BitMine’s ETH Stash Hits 6.06 Million as Tom Lee Reaffirms Crypto Bull Market Is Still Alive
Bitmine Immersion Technologies has added another 8,573 ETH to its treasury, pushing its total holdings above 6.06 million tokens and bringing it within touching distance of its long-standing 5% supply target. Chairman Tom Lee has doubled down on his belief that the crypto market’s restrained reaction to the Binance...
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Strive Continues Stacking BTC But There’s a Catch
Just a week after completing its largest bitcoin acquisition to date, the Matt Cole-led company has announced a fresh purchase for a more modest amount of 124 BTC. Strive spent $10 million to increase its portfolio in the past week, while the average price was just over $80,500. Its...
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Strategy Resumes Bitcoin Accumulation by Adding 810 BTC
After last week’s BTC accumulation pause, the world’s largest corporate holder of the cryptocurrency returned with another relatively modest buy of 810 units for $65.5 million at an average price of just under $81,000. Its total stash has grown to a new all-time high of 849,327 BTC. The company...
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4 Altcoins Flash Buy Signals Following the Binance Shock: Here Are the Upside Targets
The cryptocurrency community had high hopes that October would benefit the sector, but the month ultimately disappointed and ended on a sour note with the $6.3 billion Binance hack. The exchange, though, seems to have coped with the major incident, restoring withdrawals and reimbursing a large chunk of the...
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Why XRP May Need to Fall Against Bitcoin Before It Wins Again: Analyst
XRP may need to drop toward a long-standing historical demand zone against Bitcoin (BTC) before it can start its next major outperformance period. Analyst ChartNerd challenges the common view that XRP simply follows BTC, suggesting investors expecting an immediate recovery could be getting ahead of themselves. XRP’s Historical Outperformance...
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Bitcoin Taps $78K Ahead of Big Week, NEAR Dumps 6% Again: Market Watch
Bitcoin added over $2,000 since its multi-week low on Friday following the Binance hack, and currently fights to reclaim the $78,000 level. While ETH has neared $2,300 and TRX is up by 1.7% daily, most other large- and mid-cap alts are in the red today, led by NEAR’s substantial...
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Bitcoin Volatility Ahead: 4 Things That Could Impact Crypto This Week
Bitcoin and the broader crypto market enter another potentially volatile week with the US midterm elections, crucial labor-market data, major tech earnings, and several Federal Reserve speakers on deck. The leading cryptocurrency tanked to $76,000 at the end of last week after the industry’s largest hack, then tried to...
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Ripple (XRP) ETFs Beat Every Major Rival in October: But Two Problems Remain
In a rather bearish environment for most exchange-traded funds tracking the largest cryptocurrencies, the funds behind XRP managed to maintain their green monthly streak. However, there are still two issues that deserve attention, as it’s not all good news. XRP ETFs Still in the Green The spot Bitcoin ETFs...
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