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Arthur Hayes: Bitcoin Could Slip to $50,000 — Altcoins Could Dive ‘Into the Gutter’
Court Upholds $1,000 Cap on Daily Crypto ATM Withdrawals in California
[Sep 4, 2024 10:10 PM] A California Superior Court has upheld the Digital Financial Assets Law, which includes a $1,000 daily withdrawal limit for cryptocurrency ATMs. The law also requires crypto ATM operators to obtain licenses and comply with fee limits and new…
Bitcoin Boom Over? Expert Calculates How High It Can Go In 10 Years
[Sep 4, 2024 9:30 PM] Over the past seven months, the price of Bitcoin has moved in a range between $73,777 and $49,000, significantly depressing sentiment across the market. In a new analysis published via X, Will Clemente III, co-founder of Reflexivity Research…
Bitcoin Short-Term Holder Behavior Reminiscent Of 2019 As BTC Remains Below $60,000
[Sep 4, 2024 8:00 PM] A recent Quicktake analysis on the on-chain analytics platform CryptoQuant highlighted how Bitcoin’s short-term holders’ (STH) behaviour is similar to that of 2019. This analysis comes as Bitcoin remains below $60,000, continuing the bearish…
Report: L1 Blockchains Experience Slowdown in 2024 Amid Declining Activity
[Sep 4, 2024 7:30 PM] Layer one (L1) blockchain networks, including Ethereum, Solana, and Bitcoin, have experienced a significant reduction in onchain and market activity in 2024. Researchers Tanay Ved and Matías Andrade from Coin Metrics highlight the challenges these…
US regulator again delays decision on eco-friendly Bitcoin ETF
[Sep 4, 2024 6:51 PM] The carbon-offset Bitcoin ETF has been waiting on regulators since December 2023.
Bitcoin’s Hashrate Nears All-Time Peak Despite Difficulty Bump and Revenue Loss
[Sep 4, 2024 6:25 PM] Despite a bump in mining difficulty and a drop in hashprice, Bitcoin’s total hashrate is still on the rise. In fact, on Wednesday it’s just 12 exahash per second (EH/s) away from reaching its peak of 677 EH/s, which was recorded on July 25. Bitcoin…
Bitcoin investors ‘relatively profitable’ even as the bull market takes a pause
[Sep 4, 2024 6:05 PM] A growing number of short-term Bitcoin traders’ positions are held at a small loss, but data shows a healthy market when compared to previous bull cycles.
CFTC charges Uniswap with illegal derivatives trading
[Sep 4, 2024 5:13 PM] One CFTC commissioner dissented, calling the action “regulation by enforcement.”
Price analysis 9/4: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
[Sep 4, 2024 5:06 PM] Bitcoin bulls are attempting to keep the price inside the current range, but BTC's growing weakness could eventually lead to new lows under $49,000.
Bitcoin Bearish Move: Indicators Suggest Next Stop Could Be $53,541
[Sep 4, 2024 5:00 PM] Bitcoin faces mounting pressure as crucial indicators signal a potential drop to the $53,541 mark. With sellers gaining momentum and technical charts flashing red, the cryptocurrency is struggling to find a foothold in a volatile market. Traders…
Bitcoin and Ethereum Trading And Custody Services Rolled Out By Swiss Banking Giant ZKB
[Sep 4, 2024 4:00 PM] Leading Swiss bank Zurich Cantonal Bank is the latest financial entity to enter the crypto waters in Europe, as it unveiled Bitcoin (BTC) and Ethereum (ETH) trading services on September 4, 2024. Swiss Banking Juggernaut To Offer Crypto Services In…
Bitcoin Analyst Points To $55,000 As Potential Bottom – US Liquidity The Key
[Sep 4, 2024 3:46 PM] Bitcoin has been under intensified selling pressure since the start of the week, with the largest cryptocurrency experiencing a nearly 4% drop in value over the past seven days. This decline brought Bitcoin to a one-month low of $55,690 earlier on…
Switzerland’s Fourth-Biggest Bank ZKB Offers Retail Customers Bitcoin and Ether
[Sep 4, 2024 3:42 PM]
Bitcoin Breakout: Pundit Shows Similarities Between 2023 And 2024
[Sep 4, 2024 3:30 PM] A crypto pundit has identified striking similarities between the Bitcoin (BTC) market behavior in 2023 and 2024. Based on the analyst’s observation, he believes that Bitcoin is experiencing a comparable cycle of decline, characterized by widespread…
The Weight of Bitcoin’s Latest Freefall Pushes Crypto Market Below $2 Trillion
[Sep 4, 2024 3:20 PM] According to the latest stats, bitcoin (BTC) has taken a 2.5% dip against the U.S. dollar in the last 24 hours and is down 5.8% over the past week. The top cryptocurrency hit an intraday low of $55,602 per coin, and by Wednesday morning just before…
Bitcoin still 10% down post-halving amid record delay to all-time high
[Sep 4, 2024 2:27 PM] Bitcoin is simply too slow to preserve historical norms this time around, trader Peter Brandt concludes in a frank appraisal of BTC price performance.
Crypto Guru Arthur Hayes Is ‘Short-Term Bearish’: Here’s Why
[Sep 4, 2024 2:00 PM] In a recent essay titled “Boom Times … Delayed,” Arthur Hayes, co-founder and former CEO of BitMEX, delves into why impending Federal Reserve rate cuts may not initially rejuvenate the crypto markets as many investors hope. Published on…
Major Swiss bank ZKB launches Bitcoin and Ether trading
[Sep 4, 2024 1:27 PM] Zurich Cantonal Bank will take on the function of securely storing the private keys for its customers, according to exec Alexandra Scriba.
Bitcoin ETFs Drop $287M While Ether ETFs Shed $47M in Early September Trading
[Sep 4, 2024 12:10 PM] On Tuesday, U.S. spot bitcoin and ether exchange-traded funds (ETFs) kicked off the week with notable outflows. Bitcoin ETFs collectively saw $287.78 million withdrawn, while ether ETFs experienced $47.40 million in outflows. Bitcoin and Ether ETFs…
First Mover Americas: Bitcoin Drops to Lowest Since August as U.S. Stocks Slide
[Sep 4, 2024 12:01 PM] The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 4, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin price eyes 'relief rally' to $61K after downside liquidation wipeout
[Sep 4, 2024 11:29 AM] Bitcoin's downward price action led to another round of liquidations, with over $78 million over the past 24 hours.
Illiquid Bitcoin Is Now Record 74% of BTC's Circulating Supply. That's Bullish
[Sep 4, 2024 11:17 AM] According to ETC Group, the new high is a sign that the halving-induced supply shock is intensifying.
Total crypto market sinks below $2T as analysts eye Bitcoin reversal below $54K
[Sep 4, 2024 10:57 AM] Analysts are eying a potential correction below $54,000 to $50,000, despite growing expectations of an interest rate cut in the
Former Mt. Gox CEO to launch EllipX crypto exchange in Europe
[Sep 4, 2024 9:35 AM] EllipX will comply with the EU’s MiCA regulations, with plans to add fiat services and offer fee cuts for former Mt. Gox users.
Bitcoin Investors Beware: MVRV Has Given Bear Market Signal
[Sep 4, 2024 9:30 AM] On-chain data shows the Bitcoin Market Value to Realized Value (MVRV) Z-Score is currently giving a bearish signal for the BTC market. Bitcoin MVRV Z-Score Has Seen A Bearish Crossover Recently In a new post on X, CryptoQuant author Axel Adler Jr…
Bitcoin price targets include $50K as Nvidia crash shakes Nikkei, gold
[Sep 4, 2024 9:02 AM] Bitcoin investors join risk assets in a "rush to the sidelines" amid BTC price lows of under $56,000.
TradFi Companies 'Want to Transact in Bitcoin,' Says Cantor Fitzgerald CEO
[Sep 4, 2024 8:29 AM] Howard Lutnick was picked by Donald Trump to chair his presidential transition team last month.
Critical Bitcoin Indicator: Analyst Foresees Major 75% Correction Ahead
[Sep 4, 2024 8:00 AM] The Bitcoin price has been unable to break out of its current downtrend after losing the $60,000 mark this week, trading as low as $57,790 on Tuesday. However, one indicator is pointing to further price corrections for the largest cryptocurrency on…