Bitcoin’s price is on the run again, as the asset has jumped past $65,000 for the first time in a month.
This has more than 90% of its holders in profit, which could actually mean danger for the largest cryptocurrency.

Bitcoin is steadily climbing, and with it, the number of holders in profit.
If $BTC breaks $65k, well over 90% of holders will be in profit; a level we last saw in July, when Bitcoin ultimately failed to reach a new high.
The question now is: will this time be different? pic.twitter.com/hs156tGzfy
— IntoTheBlock (@intotheblock) September 26, 2024

IntoTheBlock’s tweet was just minutes ago, but the landscape has already changed. It reads that over 90% of BTC investors would be in profit should the underlying asset’s price break above $65,000.
The

Ethereum used to dominate almost all non-Bitcoin blockchain sectors in the industry but has gradually lost some of its grip over certain markets to competitors like Solana.
VanEck’s research department, MarketVector, decided to delve deep into the battle between the two layer-1 behemoths to see what’s what.
Solana Vs. Ethereum
The report, authored by Martin Leinweber, highlights some major differences between the two. In some cases, such as the number of transactions, daily active users, and transaction fees, Solana takes the lead with a massive margin and predicts a bright future for the blockchain.
“When comparing Ethereum and Solana, the data is striking. Solana processes 3,000% more transactions than Ethereum, has 1,300% more daily active users, and its transaction

A dormant bitcoin whale address was reactivated earlier today, according to data from Arkham Intelligence, and has moved 5 BTC to the crypto exchange Kraken.
This was their third BTC transfer in the past few weeks after being silent for a decade, said the popular resource.
Arkham data shows that the wallet received the bitcoin stash during BTC’s first couple of months of existence, meaning that it had to be somewhere between January and March 2009, given the network’s launch on January 3 that year.
The whale made several transfers of their BTC stash between 2011 and 2014 to exchanges and other addresses, after which they stopped moving funds.
It’s worth noting that the value of their holdings has skyrocketed from under $500,000 in 2014 to approximately $80 million as of

After an eventful and highly volatile trading week, bitcoin’s price movements calmed during the weekend, and the asset sits quietly at $63,000.
Most altcoins have also stalled on a daily scale, but the weekly timeframe shows some impressive gainers from the likes of TAO, SUI, APT, and others.
Bitcoin Stalls at $63K
The week started with a price decline that drove BTC from over $60,000 to under $58,000. More volatility was expected mid-week when the US Federal Reserve met to discuss lowering the interest rate. Once that meeting took place and the US central bank cut the rates by 0.5%, BTC went on a rollercoaster with several big moves.
However, the bulls prevailed after the fluctuations and pushed the cryptocurrency from under $59,500 to over $64,000 registered on Friday.

It was a big week for financial markets and the global economy as the central bank of the world’s strongest economy pivoted from its monetary policy and reduced the key interest rates by 0.5%.
As such, it’s worth reviewing how local investors behaved when it comes down to their interactions with spot Bitcoin and Ethereum ETFs.
BTC ETFs on the Inflow Side
CryptoPotato reported on Wednesday that US investors were on a shopping spree for the spot Bitcoin ETFs. In the four trading days leading to the FOMC meeting, the net inflows to the 11 financial vehicles were just over $500 million.
Their behavior changed on the day of the rate cuts as the numbers turned red, with $52.7 million in net outflows. However, they reversed their strategy once again on Thursday and Friday, with

The precious metal has had a highly impressive year, having surged by about 27% and tapping a new all-time high just on Friday.
However, does this impressive YTD increase mean that it has done better than bitcoin, which is far from its ATH?
Gold Dominates 2024
Perhaps driven by the overall macroeconomic situation, with a few wars breaking out, uncertainty about numerous election cycles, purchases from emerging market central banks, or other reasons, the yellow metal has been at the forefront of price rallies in 2024. It entered the year at $2,065/oz, but it quickly started appreciating against the greenback.
The culmination came yesterday when it skyrocketed to $2,622 to tap a new all-time high, which meant that it had gained 27% of value since January 1. Its price

Bitcoin’s price run after the Fed’s rate cut was halted at $64,000 and the asset was pushed down by around a grand.
The altcoins are also in the red on a daily scale, with the biggest corrections coming from the likes of TON, AVAX, and NEAR from the larger caps.
BTC Down to $63K
Bitcoin started the business week with a correction that drove it from over $60,000 to under $58,000 on Monday. It was expected to be a highly volatile week for the asset as the US Federal Reserve had a meeting on Wednesday to discuss a reduction in the key interest rates.
In the hours ahead of the event, BTC skyrocketed to over $61,000 but went on a rollercoaster once the US central bank indeed cut the rates by 0.5% on Wednesday. Nevertheless, the bulls prevailed and initiated another massive

The past ten days or so went quite positively for bitcoin as the asset added almost ten grand within this timeframe, mostly fueled by the US Federal Reserve’s decision to reduce the key interest rates.
However, certain social metrics suggest that the cryptocurrency’s run could be over, at least in the short term.
FOMO to Halt BTC’s Uptrend?
It was just last Wednesday, September 11, when bitcoin’s price tumbled hard after the US CPI numbers came out. At the time, the asset slumped to $55,500. However, it went on the offensive in the following days amid continuous speculation about the Fed’s next move.
A week later, the US central bank decided to pivot from its four-year-long monetary strategy and reduced the interest rates in a move that mimicked the ECB, the Bank of

Bitcoin dumped hard on Monday but the bulls are back in control now as they propelled a massive rally that resulted in BTC tapping a 3-week peak above $61,000.
This comes at a particularly intriguing time as the US Federal Reserve is expected to cut the key interest rates tomorrow or the next day for the first time in years.
Bitcoin/Price/Chart 17.09.2024. Source: TradingViewThe last time BTC traded this high was in the middle of August, when its price plummeted from over $62,000 to under $59,000 in a few hours.
Today’s price surge came after a painful Monday in which the primary cryptocurrency slipped from about $60,000 to $57,600.
Most altcoins followed BTC on the way up. Ethereum has gained 4% overnight and now trades close to $2,400 after dipping to $2,270 during

Dogecoin’s price movements in the past month or so have been quite underwhelming as the asset struggles to break through the $0.10 resistance.
However, that could soon change as the interest in its network has picked up while many analysts on X envision a rally in the making.
Rising Number of Transactions
The number of transactions on a certain blockchain depicts the overall interest and usage and hints at investors’ behavior regarding the network and its native token. For Dogecoin, the landscape was quite painful for the past few months as the total number had dropped significantly compared to the yearly peak reached in February.
However, that changed last week. Data from IntoTheBlock shows that the largest blockchain from the meme coin realm processed 1.93 million

Bitcoin’s price ascend continued in the past 24 hours as the asset flew past $60,000 and tapped a multi-week peak of over $60,500.
The altcoins are also in the green, which has boosted the total crypto market cap by more than $70 billion since yesterday.
BTC Touched $60.5K
After last Friday’s correction that drove BTC to $52,500, the asset recovered some ground during the weekend but went on the offensive hard on Monday, soaring by four grand in 24 hours and briefly exceeding $58,000. The mid-week price action was quite volatile, especially after the US CPI numbers came out on Wednesday, and bitcoin recorded several ups and downs.
However, the bulls seemed to have taken control of the market. They initiated another leg up on Friday that resulted in BTC nearing $60,000.

Bitcoin’s two-week-long negative streak came to an end on Monday, while the net inflows for the past five-day trading period skyrocketed to over $400 million.
The same cannot be said for the spot Ethereum ETFs, as the products continue to bleed out and see little to no actual demand.
Spot BTC ETFs Back on Track
CryptoPotato reported last week the longest negative streak that the spot Bitcoin ETFs were on, as they saw roughly $900 million in net outflows from August 26 until September 6. Within this timeframe, the underlying asset’s price tumbled hard, falling from over $65,000 to under $53,000.
However, investors changed their tune on Monday and broke the streak with $28.6 million in net inflows. The rest of the week was even better, with $117 million entering the funds on

The prominent cryptocurrency asset manager said on Thursday that it has launched a new Trust that will track the performance of Ripple’s native token (XRP).
Given its history of converting other Trusts (BTC and ETH) into spot ETFs, the question arises about whether the new product will put Ripple on the fast track toward an exchange-traded fund of its own.
XRP ETF Coming Soon?
The effects for XRP were immediate as its price soared from under $0.54 to a multi-week peak of almost $0.59 in minutes after Grayscale broke the news. After a minor retracement, XRP stands tall at $0.58 and is over 10% up within the past week. Additionally, past fake news examples have shown that an ETF announcement could have a massive impact on its price movements.
The company’s execs, including

Bitcoin added more than seven grand in value in the past week and soared past $60,000 for the first time since the end of August earlier today.
The altcoins are also well in the green, with ETH rising above $2,400, LINK exploding by 6%, and even more gains from some meme coins.
CryptoPotato reported the substantial crash that occurred last Friday when BTC dumped from over $57,000 to $52,500 in hours. At the time, most experts blamed it on macroeconomic factors as well as the growing net outflows from the spot Bitcoin ETFs.
However, the cryptocurrency began to recover some ground in the subsequent seven-day period and even the CPI data on Wednesday could not keep it down for long.
The bulls’ most notable leg up occurred on Friday evening – a week after the aforementioned

Bitcoin had finally seen a minor relief rally that drove it to $57,000 after the US jobs report when the bears reminded of their presence and pushed it south hard.
The total liquidations have skyrocketed to about $150 million on a daily basis.
The primary cryptocurrency has faced its fair share of adversity in the past week or so, as its price tumbled from $65,100 last Monday to $55,500 earlier today.
This is when some positive news affected the market. As reported earlier today, the asset jumped to $57,000 after the US released the August jobs report, which outlined a minor decline in the unemployment rate.
However, that was another short-lived rally that actually turned out to be a false breakout. Instead of further increasing on the hopes of upcoming rate cuts in the

A lot can change in the cryptocurrency markets within the span of the week. This is what happened to bitcoin and most altcoins since last Friday when BTC soared from around $60,000 to over $64,000 on Saturday after the bullish developments on US soil. Namely, Fed Chair Jerome Powell hinted at incoming interest rate cuts, and RFK endorsed pro-crypto presidential candidate Donald Trump and withdrew his campaign.
The weekend for bitcoin was quiet despite the turbulence elsewhere in the crypto market following the arrest of Pavel Durov, the founder and CEO of Telegram. TON slumped by more than 20% in hours after the news broke, but more on that later.
BTC continued its run on Monday morning, soaring past $65,000 for the first time in over three weeks. However, that was

The US Securities and Exchange Commission has made it its mission to target various cryptocurrency platforms, albeit with questionable success so far.
Next on the list is the NFT platform OpenSea, whose CEO went on to X to express the team’s disappointment in the regulator’s move.
Devin Finzer, OpenSea’s chief exec, tweeted that the company he runs is the latest to receive a Wells Notice from the SEC, which indicated that non-fungible tokens available to buy or sell on the platform could be unregistered securities.
“We’re shocked the SEC would make such a sweeping move against creators and artists. But we’re ready to stand up and fight. By targeting NFTs, the SEC would stifle innovation on an even broader scale: hundreds of thousands of online artists and creatives are at

Bitcoin ETFs have been on an impressive streak lately, and the last trading week saw more than $500 million allocated to the largest US-based products.
However, Ethereum ETFs are in the opposite corner, with minor trading volumes and withdrawals.
Bitcoin ETFs on a Roll
The spot Bitcoin ETFs had a rough start of the month as they lost more than $550 million in just three days on August 2, 5, and 6. This coincided with the major crash for BTC as the asset tumbled from over $65,000 to under $50,000 in just a few days.
However, both the inflows and the cryptocurrency’s price started to recover in the following weeks. In fact, there have been only two days since then when investors have pulled out funds from the US-based spot ETFs – on August 9 and 14.
The past week was quite

The number of celebrities and well-known public figures supporting Pavel Durov after his controversial arrest in France earlier this weekend has skyrocketed.
Some of those include Elon Musk, Robert F. Kennedy, Vitalik Buterin, and Tucker Carlson.
Durov’s Arrest
CryptoPotato reported earlier today Durov’s arrest in France on Saturday evening, which, according to local media, was because the popular messaging app he runs failed to moderate the content. He faces up to 20 years of prison for possible offenses like money laundering, complicity, terrorism, and narcotics.
Toncoin, a cryptocurrency project strongly related to Telegram, experienced enhanced turbulence, especially its native token. TON plummeted by more than 20% after the news broke, from over $6.75 to under $5.4.

After tapping $65,000 yesterday, bitcoin’s price actions calmed, and the asset remained relatively still at around $64,000.
The altcoins are also quite sluggish on a daily scale, aside from TON, which was impacted by the news surrounding Pavel Durov, Telegram’s CEO.
BTC Calms at $64K
The business week started on a negative note for the primary cryptocurrency as it failed to overcome the coveted $60,000 level and the subsequent rejection pushed it south by two grand on Monday. However, it recovered most losses on Tuesday and Wednesday and even attempted a breakout above $60,000 but to no avail, at least until Friday.
That’s when the bulls took complete control of the market and propelled an impressive rally that drove bitcoin from around $60,500 to $64,000 before the asset

Pavel Durov, the founder and CEO of Telegram, was reportedly arrested in France on Saturday evening after getting out of his private jet.
Local media said the reason for his apprehension was related to offenses committed by the popular messaging app.
Citing unnamed sources, TF1info broke the news on Saturday evening, claiming that Durov was arrested at Le Bourget Airport, located northeast of Paris.
Although he has French and UAE passports, the Russian embassy said it had taken “immediate steps” to clarify the situation.
According to the media sources, Durov’s arrest was strongly related to “suspicious” activities by the messaging app he runs. Some of the offenses he could face are as follows: terrorism, narcotics, complicity, fraud, and money laundering.

It’s worth

After a relatively weak period of trading sideways for days and days, bitcoin’s price went on the offensive on Friday evening and Saturday morning and tapped $65,000 for the first time since early August.
Some of the most probable reasons behind this $5,000 daily surge seem to be connected to the US central bank and the upcoming elections in the country.
First, it Was the Fed
Bitcoin’s relationship with the US Federal Reserve’s economic policies has been demonstrated numerous times in the past few years, especially since the monetary entity changed its tune during the COVID-19 crash. The subsequent inflation spike led to an unprecedented hike in interest rates.
The multi-decade peak in the rates resulted in fewer funds getting allocated to risk-on assets like BTC, which

Bitcoin’s positive price actions on Friday evening continued in the past 12 hours or so and the asset touched $65,000 for the first time since August 3.
Several altcoins have produced impressive gains as well within the same timeframe, with SATS surging by 25%, followed by FET (19%), and SUI (15%).
BTC on the $65K Road
The end of this business week was quite different than the previous one when BTC slumped to $56,000 on Thursday but managed to recover some ground on Friday and during the weekend. However, Monday started with another retracement when the asset slumped from $60,000 to $58,000.
The bulls managed to intervene and prevent any further declines, but the rest of the week, at least until Friday evening, was quite uneventful. That’s when positive news from the US

The business week ends with high levels of volatility as bitcoin’s price soared to almost $64,000 for the first time since the start of the month.
This rally, which was mostly mimicked by the altcoins, was possibly fueled by the latest developments on the US front and its central bank in particular.
CryptoPotato reported earlier today that BTC had maintained above $61,000 after yesterday’s failure to conquer $62,000. However, the asset touched that level earlier today after Fed Chair Jerome Powell said it is time for the US central bank to start lowering the interest rates, similar to what the ECB and the Bank of Canada did during the summer.
After an immediate retracement toward $60,000, the primary cryptocurrency headed north once again an hour ago. This time, the asset

Bitcoin’s price movements over the weekend have returned to a much calmer state, and the asset has remained relatively stable at just over $61,000.
The altcoins are mostly in the green, with BNB and DOGE emerging as the top performers from the larger caps.
BTC Above $61K
Last weekend went under the rule of the bears as they pushed the primary cryptocurrency from $66,000 on Friday to $57,000 by Sunday evening. The landscape worsened on Monday, and the price plunged massively to $49,500, which became BTC’s lowest position in about half a year.
However, the asset started to recover some ground in the following days. This culminated on Friday morning with a surge to almost $63,000, meaning that bitcoin had reclaimed more than $13,000 in value in less than a week.
Nevertheless,

Another week went by, which began with massive volatility, and the spot Bitcoin and Ethereum ETFs were once again in the spotlight.
Here’s the data regarding the inflows and outflows for the past five days, according to Farside.
Bitcoin ETFs in the Red
Last week ended on a highly negative point as the spot Bitcoin ETFs registered their worst day in terms of flows in about three months, with nearly $240 million leaving the eleven funds. The start of the new week was not all that promising, as $168.4 million was withdrawn from the ETFs. Grayscale’s GBTC led the front with $69.1 million, followed closely by Ark Invest’s ARKB ($69 million) and Fidelity’s FBTC ($58 million).
Tuesday was in the red as well, with $148.6 million worth of outflows. This time, FBTC was at the

Two years after filing for bankruptcy, Celsius is trying to recover some funds by suing Tether for an alleged wrong liquidation of more than $800 million worth of BTC (at prices in mid-2022).
The stablecoin issuer was quick to respond, calling the lawsuit a “baseless shakedown” and promised to fight for a win.
Celsius Goes After Tether
The lawsuit, filed on August 9 in the US Bankruptcy Court for the Southern District of New York, alleges, among other things, that Tether broke its contract against Celsius two years ago. The two entities had entered into a loan agreement in 2020, which allowed the once prominent crypto lender to borrow USDT and EURT at low interest rates by posting collateral in the form of bitcoin (BTC).
During the peak of the bear market in mid-2022,

The economic uncertainty in the US pushed bitcoin’s price south hard in the past day or so, and the asset plunged to $60,500 for the first time in almost three weeks.
The altcoins are in an even worse state, with SOL, TON, and UNI plummeting by over 5% in the past day. ETH has slipped below $3,000.
BTC Sees 3-Week Low
The start of the business week couldn’t have foreseen what transpired just several days later. The asset soared to $70,000 on Monday after Donald Trump’s triumphant attendance at the 2024 Bitcoin Conference in Nashville.
However, it was swiftly rejected at that 7-week peak and driven south by four grand almost immediately. After a brief calmness on Tuesday and Wednesday, the bears resumed control on Thursday and Friday and initiated a few leg-downs that

The volatility in the cryptocurrency industry continues, with the leading digital asset plummeting from $65,600 to $62,300 for the second time in the past day or so.
The main driver behind the latest price plunge could be attributed to the developments on US soil, as the jobs data was weaker than expected, and the stock market crashed.

JUST IN: Over $2.9 trillion has been wiped out from major indices and stocks this morning due to growing fears of a global recession.
This is the worst day for stocks since March 16, 2020, during the COVID-19 pandemic fears. pic.twitter.com/qIPu7xiz5X
— Jacob King (@JacobKinge) August 2, 2024

The opening bell for the US stock market was met with immediate price declines from most larger companies and, naturally, the most prominent indexes.

Bitcoin continues to grab the world’s attention and increase its adoption levels, especially through the exchange-traded funds tracking its performance.
In the latest major news on the ETF frontline, Morgan Stanley reportedly informed its financial advisors that they will be able to offer two Bitcoin ETFs to wealthy clients.
Recall that the US Securities and Exchange Commission greenlighted 11 spot Bitcoin ETFs at the start of the year. Since then, the products have collectively amassed just under $18 billion in assets under management from different types of investors, including institutions like pension funds.
Morgan Stanley, a US banking giant that has showcased serious support to the industry in the past several years, is the latest to join the ETF landscape.
According