Bitcoin drops 3% as US sellers spark sub-$65K BTC price targets
Bitcoin offers buyers a “flash sale” with a dip below $67,000, but traders warn that the BTC price retracement may not be done yet. Go to Source
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A New Fed Working Paper Aims to Rein in Bitcoin With Taxes or Prohibition—Here’s Why It’s Flawed
In a working paper, Amol Amol and Erzo G.J. Luttmer from the Federal Reserve Bank of Minneapolis argue that prohibiting bitcoin or imposing specific taxes could help governments implement permanent primary deficits effectively. Their research explores the impact of bitcoin on fiscal policies and offers potential solutions. The Case Against Bitcoin: The Minneapolis Federal Reserve’s … Read more
European investors pour record $105B into US Bitcoin ETFs
Despite the record European inflows, Bitcoin price has been unable to recover above the $70,000 psychological level since July. Go to Source
US election optimism fuels $2.2B inflows in crypto products
CoinShares said the United States and Bitcoin led crypto investment product dynamics last week amid growing optimism over a potential Republican election win in the US. Go to Source
Bitcoin Technical Analysis: BTC Faces Critical Resistance Above $69.5K
On Oct. 21, 2024, bitcoin is trading at $68,322, supported by a market cap of $1.35 trillion. The cryptocurrency saw a 24-hour trading range between $68,145 and $69,431, with a trading volume reaching $28.79 billion. Technical indicators from multiple time frames present a mixed picture, highlighting crucial entry and exit points for traders. Bitcoin In … Read more
Bitcoin stalls below $70K despite $20B ETF inflow milestone
Spot Bitcoin ETF inflows can have a delayed effect on the BTC price, which takes a couple of days to materialize, according to market analysts. Go to Source
Bitcoin hashrate hits all-time high, boosting network security
The growing Bitcoin hashrate and block reward reduction from the Bitcoin halving could lead to miner consolidation among smaller firms. Go to Source
Lowest search interest since 2020 — 5 things to know in Bitcoin this week
Bitcoin achieves its highest weekly close in four months as BTC price predictions see $70,000 and more after a support retest. Go to Source
Bitcoin open interest exceeds $40B amid brush near $70K
High open interest signals more leverage, which could induce another flush-out if positions are liquidated. Go to Source
The Next Big Leap for Bitcoin Miners: What it Takes to Reach $100 Hashprice
Before bitcoin’s fourth halving, the crypto asset soared to a peak of $73,794 on March 14, as recorded on Bitstamp. During the period from March 10 to April 10, bitcoin’s hashprice—representing the estimated daily earnings for 1 petahash per second (PH/s)—fluctuated between $105 and $125 per PH/s. Fast forward to this week, and as BTC … Read more