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“# Bitcoin price consolidation leans toward ‘another leg higher’ ” On Oct. 22 Bitcoin (BTC) price entered what some traders predict to be a “consolidation phase” as investors lock in profits following a non-stop run-up in price that began on Oct. 1 and saw BTC increase 55% in just three weeks. Data from Cointelegraph Markets…
“# Altcoin Roundup: Holding Bitcoin? Here’s how to put it to work in DeFi ” The long-awaited day finally came on Oct. 19 as the first Bitcoin (BTC) exchange-traded fund (ETF) went live on the New York Stock Exchange, thrusting the crypto asset into the limelight across mainstream news outlets and alternative media alike. Despite…
“# Price analysis 10/22: BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, LUNA, UNI ” Bitcoin (BTC) and Ether (ETH) have both witnessed aggressive profit-booking after hitting their respective new all-time high. This suggests that traders who had bought on rumors of a Bitcoin exchange-traded fund booked profits following the successful launch of the ProShares’…
“# Analysts hold their $250K Bitcoin price target even as BTC falls below $60K ” Bitcoin (BTC) briefly fell below $60,000 on Oct. 22 as a correction after all-time highs deepened concerns about the market’s strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader eyes $56,000 minimum BTC buy-in Data from Cointelegraph Markets Pro and…
“# PayPal logs its largest Bitcoin volume since May BTC price crash ” Bitcoin (BTC) trading volumes on global payment service provider PayPal reached $145.60 million on Oct. 20, just as the benchmark crypto rallied toward its record high near $67,000. The latest spike in volumes came out to be the highest since the May…
“# Bitcoin extends correction as Ethereum sees ‘picture perfect’ rejection at all-time highs ” Bitcoin (BTC) stayed closer to $60,000 on Oct. 22 after the largest altcoin Ether (ETH) failed to cement new all-time highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView ETH all-time high? Blink and you’ll miss it Data from Cointelegraph Markets Pro…
“# Traders brace for a drop to $58K if Bitcoin price loses the $62K support ” Whipsaw price action has returned to the cryptocurrency market after Bitcoin’s (BTC) price lost steam at $67,100 and retracted to the $62,000 level. An early morning 87% flash crash in the price of BTC at Binance US saw the price…
“# Bitcoin bulls set to net an $830M profit after Friday’s BTC options expiry ” Two or three weeks ago, when Bitcoin (BTC) was trading below $52,000, a trader betting on $65,000 by Oct. 22 would have been considered extremely optimistic. The fact that 98% of the put (sell) options for Bitcoin’s weekly options expiry…
“# Inflation fears or ETF driving Bitcoin price? The Market Report is live with Big Cheds ” Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman as they break down the latest news in the markets this week. Here’s what to expect in this week’s markets news breakdown:…
“# Pension fund for Texas firefighters reportedly allocates $25M to Bitcoin and Ether ” The pension fund for firefighters in Houston has allocated part of its $4 billion portfolio towards crypto. According to an Oct. 21 Bloomberg report, the Houston Firefighters’ Relief and Retirement Fund used the New York Digital Investment Group, or NYDIG, to…