‘Uptober’ builds strength as Bitcoin held on exchanges falls to 6-year low
Bitcoin held on exchanges fell to a new low while spot Bitcoin ETF inflows resumed pace. Is Uptober back on? Go to Source
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Bitcoin Nears $62K as Crypto Rebounds on Jobs Report and Rate Cut Hopes
On Friday, the global crypto market saw a boost in value, with bitcoin (BTC) climbing 2.29%, approaching the $62,000 mark at 9:30 a.m. EDT. Ethereum (ETH) joined the upward trend, gaining a more modest 1.6%, pushing toward the $2,400 level. Bitcoin and Ethereum Climb Following U.S. Jobs Report This rebound came on Oct. 4 after … Read more
New Bitcoin Investors Show Confidence Amid Market Recovery, Says Glassnode
In a report by Glassnode and researchers Cryptovizart and Ukuria OC, bitcoin has reclaimed a key short-term cost basis after the Federal Reserve’s recent interest rate cut. This recovery signals the potential for further price momentum, although broader market conditions remain cautious. Bitcoin Reclaims Short-Term Cost Basis According to Glassnode, bitcoin’s price has risen above … Read more
$100K Bitcoin price depends on ‘increasing demand’ and ‘favorable seasonality’ — CryptoQuant
History favors Bitcoin’s price prospects for Q4, but CryptoQuant analysts caution that a consistent uptick in demand will be a critical component. Go to Source
QCP Capital: Middle East Tensions Hit Bitcoin Harder Than Traditional Markets
In its Oct. 2 market analysis, QCP Capital highlights the effect of escalating Middle Eastern conflicts on traditional financial (tradefi) assets and the cryptocurrency market. According to QCP’s researchers, the market response has been muted in tradefi, but risk assets and digital currencies like bitcoin (BTC) faced more substantial losses. QCP Researchers Analyze Crypto Market … Read more
Bitcoin drops to $63K, fails to rebound after Fed hints at future interest rate cuts
Bitcoin surprised traders by opening the week in the red, and the Federal Reserve’s announcement about future rate cuts failed to reverse the downtrend. Go to Source
Bitcoin monthly close, fresh bullish narratives lead BTC traders to aim for new price highs
Bitcoin’s monthly close could reverse a 6-month-long downtrend and signal traders’ intent to push BTC price to new highs. Go to Source
CME Fedwatch Favors Half-Point Cut Ahead of FOMC Meeting
In just 40 days, the U.S. Federal Open Market Committee (FOMC) will gather to decide whether the central bank will lower the benchmark interest rate. This pivotal moment occurs two days after the 2024 U.S. Election Day. As it stands, CME futures data suggests that a half-point reduction is currently viewed as more probable than … Read more
Bitcoin Tops $66K as Inflation Cools, $9.67M in Shorts Liquidated
Bitcoin prices continued climbing this week, reaching an intraday peak of $66,456 per unit at 10:35 a.m. ET on Friday, marking a 2.4% boost against the U.S. dollar today and a solid 5% gain over the past seven days. Bitcoin Jumps to $66,456 Following U.S. PCE Report On Friday, Sept. 27, 2024, bitcoin crossed the … Read more
Mike McGlone — Hedge Funds Push Gold Toward $3K Amid Global Market Uncertainty
In a recent interview, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, emphasized the significant role of hedge funds in gold’s ongoing price surge. McGlone shared his insights on the impact of macroeconomic factors, including China’s economic slowdown and the Federal Reserve’s monetary policies, on the commodities market. Gold Eyes $3,000 Mark Amid Hedge Fund … Read more