Bitcoin at ‘perfect’ macro setup, but dip below $58K risks $500M in liquidations
Bitcoin could gain significant traction from the growing M2 money supply, but a correction below $58,000 is still on the table before more upside. Go to Source
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Mt. Gox’s suspected Bitgo $2.1B BTC wallet activates
A test transaction from a dormant Mt. Gox wallet triggers speculation of Bitgo’s role in the ongoing Bitcoin distribution to creditors. Go to Source
Crypto Market Sees $176 Million Inflows As Ethereum Leads The Charge
According to the latest report from CoinShares, digital asset investment products experienced net inflows of $176 million last week, as investors took advantage of recent price dips to increase their positions. Ethereum led the way with impressive inflows of $155 million, bringing its year-to-date total to $862 million—the highest since 2021. Bitcoin, meanwhile, saw more … Read more
Bitcoin risks ‘sharp weekend price swings’ as ETFs suck up liquidity
Bitcoin trading volume and liquidity are being concentrated on weekdays due in part to ETFs and could cause more wild price swings on the weekend. Go to Source
Bitcoin price to see massive move to new all-time high if chart pattern plays out —Trader
A unique trading pattern projects a massive upward move for Bitcoin price within the next few months. Go to Source
Year-End Launch of Bitcoin ETF Options Could Lead to Price Drops
Analysts and market observers anticipate that options trading for U.S. spot bitcoin exchange-traded funds (ETFs) could kick off before year-end. While there’s considerable buzz around these new investment avenues, the introduction of options trading might bring strategies that could temper bitcoin’s market price. Crypto ETF Options Likely by Q4 2024, But Bitcoin and Ether Prices … Read more
Bitcoin miners record lowest daily revenue of 2024
Bitcoin miners’ daily revenue hit a new yearly low of $2.5 million, but strategic overhauls keep some companies profitable amid industry challenges. Go to Source
Nigerian Files Lawsuit to Overturn Crypto Ban, Seeks BTC Commodity Status
A Nigerian bitcoin proponent has launched a lawsuit challenging government restrictions on owning, using, and trading digital assets. The proponent said the lawsuit seeks to remove the blockade on cryptocurrency exchanges, ensuring all Nigerians have unrestricted access. Crypto Restrictions Deny Residents Access to Inflation Hedging Tools Nigerian cryptocurrency advocate James Utudor filed a landmark lawsuit … Read more
Queens Bitcoin Heist: Seven Charged With Grand Larceny and Money Laundering
Seven individuals have reportedly been indicted on charges of grand larceny, money laundering, and identity theft for stealing $300,000 in bitcoin from a Queens auto body shop owner. The victim’s 5.75 BTC, originally valued at $92,000, was taken by 20-year-old Aaron Peterson Jr. in November 2022 and later used to purchase luxury items, including a … Read more
QCP Capital: Bitcoin Bounces Back Above $60K as Ethereum Struggles
QCP Capital reports that bitcoin (BTC) has shown a strong recovery this week, stabilizing above the $60,000 range after a sharp drop below $50,000 on Monday. In contrast, the firm highlights a significant liquidity shift in ethereum (ETH), raising concerns about its current market standing. QCP Capital Reports Bitcoin’s Resilience Amid Volatility; Ethereum Faces Liquidity … Read more