Market Data Hints At 500x XRP Rally In Upcoming Altcoin Season

According to market analysis, XRP might be near to having a significant price blowup. The next altcoin season could go anywhere from 10x to the amazing 500x, experts believe. Two important charts by renowned market analyst Kevin Cage on XRP’s relationship with Bitcoin’s supremacy in past bull markets form the basis of this favorable prediction.

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BlackRock Highlights Bitcoin’s Unique Properties as Approved IBIT Options Could Cement Risk-Off Status

BlackRock's latest report shows that bitcoin has a very low correlation to U.S. equities on a trailing 6-month basis.

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Bitcoin Price Could Surge Following Chinese Economic Stimulus: Here’s Why

Bitcoin (BTC) could benefit from the People’s Bank of China’s (PBOC) decision to cut the reserve requirement ratio (RRR) by 50 basis points (bps). China Injects Economic Stimulus, Will Bitcoin Benefit? In an announcement on September 24, 2024, the Chinese central bank stated it had slashed the RRR by 50bps. The move bears semblance to […]

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Bitcoin Strength Continues on U.S, China Easing; Floki Bot Crosses Trading Milestone

BTC broke $64,000 in late U.S. hours Tuesday as traders pushed the chances of a second consecutive 50 basis point rate Fed rate cut to 61%. PLUS: Floki fundamentals fuel a price surge.

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Bitcoin surges past $64k as expectations for monetary easing rise

Bitcoin continued its upward trajectory late Tuesday, surpassing $64,000 as traders anticipate further monetary easing measures from central banks around the world. The growing expectation of a second consecutive 50 basis point interest rate cut by the US Federal Reserve in November has provided a strong tailwind for the cryptocurrency market. At press time, Bitcoin […]

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Bitcoin Pushes Past $64K as Monetary Ease Expectations Grow

Traders Tuesday pushed expectations of a second consecutive 50 basis point rate Fed rate to 60%.

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Analyst Who Predicted The Bitcoin Rally Reveals Time To Sell

Bitcoin has performed well in the past few days after experiencing a strong downturn in the first two weeks of September. This rally kickstarted in the middle of this week after the Fed decided to slash the benchmark interest rate by 50 basis points (bps), a move that proved positive for cryptocurrencies.

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SUI, TIA, FTM, TAO, SEI prices soar as altcoins react to Fed rate cut

The recent announcement by the Federal Reserve to cut interest rates by 50 basis points has sent shockwaves through the market, especially among altcoins. The Fed rate cut has resulted in a significant surge in Bitcoin (BTC) and altcoin prices, with notable performances from Sui (SUI), Celestia (TIA), Fantom (FTM), Bittensor (TAO), and Sei (SEI). […]

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This Bitcoin Indicator That Nailed April’s Momentum Shift Is Flashing Again as BTC Price Fails To Break $64K

Bitcoin failed to maintain momentum on Friday as the BTC price got closer to the $64,000 range. At this level, BTC got rejected and corrected to just below $63,000. On Wednesday, the Federal Reserve announced a 50 basis point cut to its benchmark interest rate.

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Bitcoin jumps 6% after Fed cuts rates by 50 basis points

Bitcoin climbs 6% to $63,000 after the Federal Reserve cuts rates by 50 basis points, boosting investor optimism. The post Bitcoin jumps 6% after Fed cuts rates by 50 basis points appeared first on Crypto Briefing.

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A Record $21.77 Billion In Bitcoin Shorts Will Be Liquidated Once BTC Breaks $70,500

Bitcoin is trending higher at spot rates, floating above $60,000 and confirming gains of September 13. From price action in the daily chart, buyers appear to be back in the picture. The confidence follows the United States Federal Reserve’s (Fed) decision to slash rates by 50 basis points on September 18.

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Bitcoin targets $63k as crypto market awakens after Fed rate cut

Bitcoin has broken past $62K post-Fed rate cut; next resistance at $63K Ethereum and Solana have also surged, reflecting a broader crypto market rally Caution remains due to economic uncertainties and potential regulatory issues Bitcoin’s (BTC) price has surged past $62,000 following the US Federal Reserve’s decision to cut interest rates by 50 basis points.

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Bitcoin surges past $62K following FOMC’s 50bp rate cut

Bitcoin rallied past the $62,000 mark following the U.S. Federal Reserve’s decision to slash borrowing rates, marking the first cut in four years. The U.S. Federal Reserve cut its benchmark federal funds rate by 50 basis points to 4.75%-5% on…

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Bitcoin holds above $60k amid heavy volatility after FOMC confirms 50bp rate cut

Bitcoin (BTC) experienced heavy volatility on Sept. 19 following the Fed’s FOMC meeting but maintained its position above the $60,000 threshold. Fed chair Jerome Powell confirmed weeks of speculation by announcing a 50 basis point rate cut after four years of restrictive monetary policy.

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Bitcoin Pumps To $61,000, Then Retraces After Fed Aggressively Cuts Interest Rates For First Time In Four Years

Bitcoin rallied above the $61,000 price point on Wednesday following the United States Federal Reserve’s decision to lower its benchmark interest rates by 50 basis points, marking the first rate cut since 2020 after the world’s most important central bank’s most aggressive hiking cycle.

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BlackRock calls Bitcoin a ‘unique diversifier’ in document sent to clients

Asset manager BlackRock sent a 9-page document to its clients on Sept. 18 that portrays Bitcoin (BTC) as a “unique diversifier” for portfolios. The document highlighted the characteristics that make Bitcoin distinct from traditional asset classes on any long-term basis and suggested a “modest allocation.

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Fed Cuts Interest Rates by 50 Basis Points, Bitcoin Briefly Hits $61K Before Sell-Off

Market participants were uncertain about the size of rate cut prior to the Fed meeting, laying the groundwork for volatility on the markets.

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Bitcoin Holds Above $60K as Traders Warn of Sell-Off on 50 Basis Point Fed Rate Cut

Traders betting on Fed fund contracts are pricing in a 65% implied probability of rates cut to a 4.5-5% range. PLUS: Circle announces partnership with Polymarket

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Bitcoin’s Realized Cap Stagnates: What Does This Mean For BTC?

The Bitcoin market has been closely analyzed by a CryptoQuant analyst named Percival, who recently provided insights into Bitcoin’s realized cap and net capital flows. The realized cap is a metric that tracks each Bitcoin (UTXO) when it was last moved on the network, effectively representing the cost basis of all circulating coins. This metric […]

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Cathedra Bitcoin cools off mining to tap MicroStrategy playbook

Cathedra Bitcoin said Bitcoin mining simply hasn’t provided enough shareholder value on a Bitcoin basis over the last three years, which prompted a change in strategy.

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Potential for Bitcoin volatility caused by rate cuts is quite high — Bitfinex

Bitcoin (BTC) faces potential price volatility this week as the Federal Reserve (Fed) is likely to cut the US interest rate by at least 25 basis points (bps), according to the latest “Bitfinex Alpha” report.

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Bitcoin Price Could Face Challenges With 0.50% Fed Rate Cut, Warns 10X Research

A 50 basis points (bps) interest rate cut by the US Federal Reserve (Fed) starting this month might adversely affect Bitcoin (BTC) price, 10x Research cautions. 50 BPS Rate Cut Could Spook The Market After it had started hiking interest rates back in March 2022 to contain rampant inflation due to COVID-related supply chain bottlenecks and money printing, the Fed is now set to commence slashing interest rates to stimulate the economy.

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Bitcoin Flounders Ahead of Friday Jobs Report That Might Push Fed to Slash Rates by 50 Basis Points

The U.S. central bank has indicated it will cut rates at its mid-September meeting, but the size of the move is up for debate.

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The Fed’s Rate Cut Cushion Is Good News for Crypto

A key metric by which officials set rates shows the potential to cut rates by 175 basis points over the next nine months. If so, that’s likely to drive the prices of bitcoin and ethereum higher, says Scott Garliss.

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Bitcoin may fall to $54K - 2 major reasons why

Bitcoin is likely to continue to trend downward in the coming weeks. The short-term holders' average cost basis marked out a potential local top for Bitcoin. Bitcoin [BTC] experienced heightThe post Bitcoin may fall to $54K - 2 major reasons why appeared first on AMBCrypto.

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Grayscale BTC attracts $191 million inflow amid continued outflows in other Bitcoin ETFs

Quick Take Bitcoin Farside data reveals inflows into the Bitcoin exchange-traded funds (ETFs) on Aug. 1 with the overall net inflow being $50. 6 million. Grayscale BTC, the more affordable option at 15 basis points, attracted a substantial $191.

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Last Resistance: Bitcoin Now Testing Final Short-Term Holder Cost Basis

On-chain data shows that the Bitcoin price reiterates the last cost basis level associated with the short-term holder group. Bitcoin Price Has Surged Past Final Short-Term Holder Cost Basis As explained by CryptoQuant author Axel Adler Jr in a new post on X, Bitcoin has only one Realized Price of the short-term holders left to break.

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Trump effect? Bitcoin defies Mt. Gox sell-off, jumps to $65K

BTC hit a two-week high above $65K after Trump attack. The macro and US political scenes look great for BTC, despite Mt. Gox's supply. Bitcoin [BTC] was up 7% on a weekly basis and traded abThe post Trump effect? Bitcoin defies Mt.

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How Financial Surveillance Threatens Our Democracies: Part 2

A thorough analysis of the progressive encroachment of financial surveillance in the Bitcoin space, and the lack of evidentiary basis for it. Part 2 of 2.

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How Financial Surveillance Threatens Our Democracies: Part 1

A thorough analysis of the progressive encroachment of financial surveillance in the Bitcoin space, and the lack of evidentiary basis for it. Part 1 of 2.

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Bitcoin Near ‘Euphoria’ Boundary: What Happens After A Breach?

On-chain data shows Bitcoin is trading near a level that has historically acted as the boundary for the ‘euphoria’ phase of the market. Bitcoin Is Not Far From This Long-Term Holder Cost Basis Level According to the latest weekly report from Glassnode, BTC’s recent consolidation has been near the historical boundary between the ‘equilibrium’ and ‘euphoria’ phases of the bull market.

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Bitcoin price drop below traders’ cost basis warns of deeper sell-off

Bitcoin’s price fell below traders’ average entry point, leading analysts to caution that the current sell-off could continue.

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Watch these BTC price support levels as Bitcoin tumbles below $64K

Bitcoin’s short-term holder cost basis is crossed in a rare show of weakness as BTC price action fails to find support.

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Bitcoin Could Crash To $60,000 If This Support Gets Lost: CryptoQuant Head

On-chain data shows Bitcoin is approaching the “Realized Price” of the short-term holders, a retest of which has historically been important for BTC. Bitcoin Is Close To Seeing A Retest Of Short-Term Holder Cost Basis In a new post on X, CryptoQuant Head of Research Julio Moreno has discussed how BTC has recently been near the Realized Price of the short-term holders.

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Ethereum Struggling With MEV Bots, Executive Argues That Solana Has Succeeded

Unlike Bitcoin, where transactions are ordered on a first-come, first-served basis, Ethereum and Solana rely on a pool of validators to confirm transactions and add them to the next block. This process allows for flexibility, as users can expedite their transactions by paying higher fees.

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XRP Supply In Profit At 78.8%, Here’s How Dogecoin, Bitcoin Compare

Santiment has revealed how major cryptocurrencies like XRP, Bitcoin, and Dogecoin currently compare regarding supply profitability. XRP, Dogecoin, And Other Assets Compared On Basis Of Profitability In a new post on X, the on-chain analytics firm Santiment discusses how the various top coins in the cryptocurrency sector currently stand in terms of Supply in Profit. […]

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Bank of Canada Begins G-7 Monetary Easing Cycle, Trimming Benchmark Rate 25 Basis Points

Lower interest rates in developed economies could be a tailwind for bitcoin prices.

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2 key Bitcoin indicators have ‘cooled off’ — Why it could be bullish

The Bitcoin funding rate and three-month annualized basis rates are moving to levels that signal to traders it may just be the “calm before the storm.”

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Bitcoin: Will short-term holders cause problems for BTC's price?

Bitcoin's price fell significantly over the last few days and slipped past the average cost basis of short-term holders Miner revenue declined, which could add more selling pressure on BTC mineThe post Bitcoin: Will short-term holders cause problems for BTC's price? appeared first on AMBCrypto.

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Bitcoin’s 2024 cohort sees over 10% profit, indicating a strong market support level

Quick Take Analyzing average prices at which Bitcoin was withdrawn from major digital asset exchanges using Glassnode data offers valuable insights into the market’s cost basis. According to Glassnode data, the analysis indicates that Coinbase and Binance exhibited parallel movement from the start of 2021 to the conclusion of 2023, maintaining average withdrawal prices around […] The post Bitcoin’s 2024 cohort sees over 10% profit, indicating a strong market support level appeared first on CryptoSlate.

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Morgan Stanley brokers could soon pitch Bitcoin ETFs to clients, insiders say

Banking giant Morgan Stanley could soon allow its 15,000 brokers to pitch Bitcoin exchange-traded funds (ETF) to their customers. According to an AdvisorHub report citing executive sources, the bank has only offered these options on an unsolicited basis, meaning that…

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OG Bitcoin holders or ‘King’ Fish retain $15k cost basis after buying the dip

Glassnode data shows that OG Bitcoin holders, or Fish (yellow), those holding between 1 – 10 BTC, still have the lowest realized price by quite some margin at just $15,630. Compared to Whales, whose realized price is currently $35,290, this indicates Fish have the lowest average cost per Bitcoin out of all holders.

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Bitcoin Rebounds After Nearing Cost Basis Of Short-Term Whales

Bitcoin has found a rebound back above the $66,000 mark following a drop towards the on-chain cost basis of the short-term holder whales. Bitcoin Drawdown Had Nearly Put Short-Term Whales Under Pressure As pointed out by an analyst in a CryptoQuant Quicktake post, BTC’s price had neared the Realized Price of the short-term holder whales during the recent drop, but had still managed to remain above the level.

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Recent Bitcoin buyers show unyielding optimism, pushing cost basis upward despite price surges

Quick Take Utilizing data from Glassnode to estimate a market-wide cost basis reveals intriguing trends in the average price at which coins are withdrawn from exchanges. The information, segregated into cohorts, uncovers an upward trajectory on a cost basis, indicating a trend of purchasing Bitcoin at incrementally higher prices.

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Bank of Japan Ends Eight-Year Negative Rates Regime; Bitcoin Slides to $62.7K

The BOJ hiked the benchmark borrowing cost by 10 basis points, abandoning the prolonged negative interest rate policy.

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Mysterious Bitcoin Whale Purchasing Up to 1,600 BTC Daily Sparks Speculation

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Confirmed: U.S SEC approves all 11 spot Bitcoin ETF applications

All 11 spot Bitcoin ETF applications have been approved on an accelerated basis The confirmation comes from Grayscale's founder and the unarchive of the original announcement The United StatThe post Confirmed: U.

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Confirmed: US SEC approves all 11 spot Bitcoin ETF applications

All 11 spot Bitcoin ETF applications have been approved on an accelerated basis The confirmation comes from Grayscale's founder and the unarchive of the original announcement The United StatThe post Confirmed: US SEC approves all 11 spot Bitcoin ETF applications appeared first on AMBCrypto.

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Coinbase’s strategic positioning fuels massive 256% YTD stock surge

Quick Take Coinbase has recorded a remarkable surge in its share price, with a 61% uptick within the past month and a 256% increase on a Year-to-Date (YTD) basis. It stands second within crypto equities only to Grayscale Bitcoin Trust (GBTC), up 267% YTD.

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