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The number of confirmed daily Bitcoin transactions hit the lowest point in a year yesterday, confirming a period of decreased activity often seen during the holiday season. On Dec. 26, the number of confirmed Bitcoin payments dropped to 623,434, according to blockchain.com. Confirmed Bitcoin payments are irreversible once the blockchain network’s consensus mechanism accepts them and includes them in a block. The number of confirmed transactions is a valuable metric used for analyzing investor activity on the Bitcoin network. The drop in confirmed BTC transactions comes after the price of Bitcoin surged earlier this month, reaching an all-time high of $108,000 on Dec. 17. Over 857,000 confirmed payments were made on the same day, which is 37% more than yesterday’s 623,000. Following the drop in the number of Bitcoin transactions, analysts now expect a price recovery above $105,000 as the end of the holiday season nears. Bitcoin Social Sentiment Hits A Yearly Low Anothe...

Bitcoin price watchers are on high alert as several factors could impact this week’s cryptocurrency market. Market volatility and security risks remain key concerns for BTC price movers. Below you can see a post from The Kobeissi Letter on X. Let’s dive right in and understand the circumstances for Bitcoin better! Also Read: VeChain Weekly Price Prediction: Can VET Hit $0.03 This Week? Key Events This Week: 1. OPEC Monthly Report – Monday 2. September Retail Sales data – Thursday 3. Philly Fed Manufacturing data- Thursday 4. September Housing Starts data – Friday 5. Total of 11 Fed speaker events this week 6. ~10% of S&P 500 companies report earnings… — The Kobeissi Letter (@KobeissiLetter) October 13, 2024 Navigating Market Volatility And Security Risks For BTC Price Movers Source: Watcher.Guru 1. Economic Reports on the Horizon Source: CoinDesk Two important economic reports are due on Thursday. The September Retail Sales report will show consum...

The “September Effect” is an awaited phenomenon in the stock market, with the month having historically negative returns for investors. Bitcoin (BTC) has seen a similar effect, with September being the worst month for returns, usually punishing cryptocurrency bulls. Finbold retrieved data from CoinGlass on August 31, seeking to understand this scenario and provide data-guided insights into cryptocurrencies. Notably, in September, Bitcoin’s historical average and median monthly returns were -4.78% and -5.58%, respectively. September and June are the only two months with negative average results, with the latter being a neutral -0.35%. Picks for you Long bear market alert if Bitcoin stays under this key price level 2 hours ago ...

BlackRock’s spot Bitcoin ETF (exchange-traded fund) recorded its first net outflow since May 1 yesterday as the 12 BTC funds extended their negative flow streak to 3 days and the leading crypto dropped below $60K. BlackRock’s IBIT, which is the largest spot Bitcoin ETF by net assets, recorded $13.51 million in net outflows on Aug. 29, according to data from SosoValue. ARKB The Only Spot Bitcoin ETF To Record Net Inflows Yesterday Capital continued to flow out of Grayscale’s GBTC after $22.86 million left the fund’s reserves on Aug. 29. Similarly, Fidelity’s FBTC suffered net outflows of $31.11 million, while Bitwise’s BITB and Valkyrie’s BRRR posted respective outflows of $8.09 million and $1.68 million. The only spot Bitcoin ETF that recorded net inflows yesterday was Ark and 21Shares’ ARKB. This is after investors poured $5.34 million into the fund.  In addition to the net outflows, the funds also saw their collective tradi...

Galaxy Digital CEO Mike Novogratz believes Binance has satisfied regulators and users after its $4.3 billion settlement with United States authorities. Binance’s $4.3 billion settlement  with the United States Department of Justice (DOJ) is being hailed as a positive move for the company and the wider cryptocurrency industry , according to Galaxy Digital’s Mike Novogratz. In an interview with Bloomberg on Nov. 29, the CEO of the cryptocurrency investment firm expressed his belief that the high-profile settlement should assuage concerned investors and users of the global exchange: “I think they’re de-risked in lots of ways. People were worried about dealing with Binance. There’s a lot less to worry about now.” Novogratz also weighed in on the considerations for major investment firms dealing with exchanges, as well as traditional finance (TradFi) players, with regulatory oversight continuing to take center stage in the United States. Binance didn’t steal money The Galaxy Digital CEO ...

Bitcoin ETF approvals may have key timing as the Ichimoku Cloud demands BTC price keep climbing into 2024. Bitcoin (BTC) may cruise to nearly $50,000 as the United States okays the first spot price exchange-traded fund (ETF). As flagged by popular analyst CryptoCon, the Ichimoku Cloud indicator is counting down to upside BTC price continuation. Analysis: $43,000 BTC price is "most conservative level" Bitcoin is in a rare position on weekly timeframes when it comes to Ichimoku Cloud signals. As Cointelegraph reported, the indicator, which combines past, present and future trading cues, suggests that the BTC price gains have only just begun. In a post on X (formerly Twitter) on Nov. 27, CryptoCon was able to deliver a specific target for what could happen next. Ichimoku’s leading spans have crossed, leading to the formation of a new upside cloud. With the lagging span, Chikou, breaking out of resistance, price should now logically head higher. “The Weekly Ichimoku cloud ca...

Bitcoin drops $1,000 in just one hour as a cascade of liquidations greets late Bitcoin long positions. Bitcoin (BTC) tested $35,000 support into the Nov. 14 daily close as sell-side pressure sparked multi-day lows. BTC/USD 1-hour chart. Source: TradingView BTC price sheds $1,000 in an hour Data from Cointelegraph Markets Pro and TradingView tracked a swift retreat for BTC price action, which fell over $1,000 in a single hourly candle. The largest cryptocurrency found support at the $35,000 mark, this forming a springboard for a recovery to press time levels of around $35,600. The volatility came hours after what at first looked like a positive news event for Bitcoin and crypto — United States inflation slowing beyond expectations. At the same time, however, analysts noted that beyond smaller retail investors, there was little appetite for buying BTC at prior levels around 18-month highs. $BTC once again spot buying on long liquidations & deleveraging overall though still want to ...

The stars are lining up for Bitcoin price, but a few major price threats remain in play. Bitcoin (BTC) price surged by 26.5% in October and several indicators hit a one-year high, including the BTC futures premium and the Grayscale GBTC discount.  For this reason, it's challenging to present a bearish thesis for BTC as data reflects the post-FTX-Alameda Research collapse recovery period and is also influenced by the recent increase in interest rates by the U.S. Federal Reserve. Despite the positive indicators, Bitcoin price still remains around 50% below its all-time high of $69,900 which was hit in November 2021. In contrast, gold is trading just 4.3% below its $2,070 level from March 2022. This stark difference diminishes the significance of Bitcoin's year-to-date gains of 108% and highlights the fact that Bitcoin's adoption as an alternative hedge is still in its early stages. Before deciding whether the improvement in Bitcoin futures premium, open interest and the G...

Bitcoin spot exchange trading volumes have disintegrated since March, while BTC price action has gone barely anywhere, research shows. Bitcoin (BTC) exchange s have seen trading volume collapse as traders deal with constant macroeconomic uncertainty. According to new research from on-chain analytics platform CryptoQuant published on Sept. 25, daily BTC volumes are at lows rarely seen since 2018. Fed keeps Bitcoin investors wary of “possible recession” Bitcoin price action has stayed in a familiar range for several months, and as time goes by, interest in transacting appears to be fading. CryptoQuant data, which tracks activity on both spot and derivatives exchange s, highlights the extent to which volume s have decreased since BTC/USD entered its current range in March. The past week saw between 8,000 and 15,000 daily spot exchange transactions — a fraction of the standard March daily tally, which exceeded 600,000. For contributing analyst Caue Oliveira, a principal force behind th...

According to some experts, miners will always be essential to the Bitcoin ecosystem, even after mining the last coins. Satoshi Nakamoto mined the genesis block on Jan. 3, 2009, minting the first 50 Bitcoin (BTC) in history and kicking off what would become a billion-dollar industry centered around mining crypto. However, with a cap on Bitcoin supply, the fate of miners after the last coins are issued is unclear.  Bitcoin is created through mining, a process involving computer hardware to solve complex mathematical problems and verify transactions on the blockchain network. For their efforts, miners are rewarded with a predeter mined amount of BTC for each block of transactions. According to the Blockchain Council, more than 19 million BTC has been awarded to miners in block rewards, and according to Nakamoto’s white paper, only 21 million are available. Once this cap is reached, miners will no longer receive rewards for verifying transactions. Speaking to Cointelegraph, Nick Hansen,...

Willy Woo Eyes Bitcoin Price Around $310K Willy Woo was tagged by a Twitter user Lynn Brewer who wants the analyst’s take on the influence of BlackRock, Fidelity and the major asset managers injecting 5% of their Assets Under Management (AUM) into Bitcoin. advertisement For reference, BlackRock has over $9 trillion in AUM and just 1% of this amount is $90 billion and when all the AUMs quoted are summed up, it may exceed the current BTC holdings on exchanges. In his response, Willy Woo said his calculations placed the estimated price of Bitcoin if the described event were to play out at approximately $310,000. While it remains unclear the metrics Willy used to arrive at this target, it resonates with the wider forecast from top industry veterans across the board. What would price do if these guys put 5% of AUM into BTC? Recommended Articles Crypto Presale Pro...

Investment managers WisdomTree and Invesco have filed for spot Bitcoin ETFs, hot on the heels of BlackRock. At least two investment firms have made new filing s for spot Bitcoin exchange-traded funds (ETF) following investment colossus BlackRock’s move to lodge a similar application for its own spot Bitcoin ETF on June 15.  New York-based asset management fund WisdomTree is the most recent investment firm to lodge a new filing for a spot Bitcoin ETF. According to a June 21 filing to the United States Securities and Exchange Commission (SEC), WisdomTree requested that the SEC allow it to list its “WisdomTree Bitcoin Trust” on the Cboe BZX Exchange under the ticker “BTCW.” WisdomTree has filed for spot bitcoin ETF h/t @NateGeraci pic.twitter.com/JwXj8rTs2X — Eric Balchunas (@EricBalchunas) June 20, 2023 WisdomTree has applied for a spot Bitcoin ETF twice before. Its first application was rejected by the SEC in December 2021. It's second application was rejected once again in Oct...