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Historical data shows bitcoin (BTC) performing well in the fourth quarters of previous bull cycles, especially in halving years. Current on-chain data indicates that the leading cryptocurrency is following previous patterns and is on track to another remarkable Q4. A report by the market analytics platform CryptoQuant revealed that bitcoin’s price rally in the coming weeks could be sustainable because demand for the asset is recovering and growing at the fastest monthly pace...

Bitcoin’s impressive performance as of late continued in the past 24 hours as the asset tapped $69,000 for the first time since July 29 before retracing slightly. Most alts are with minor gains over the past day, aside from DOGE, which has only doubled down on its recent massive run. BTC Stopped at $69K The primary cryptocurrency stood around $62,000 and $63,000 last Saturday after it had recovered several grand from the sub-$59,000 dump on Thursday. Last weekend went...

After a few days of depressing price action, the bulls appear to be finally back in town. The cryptocurrency market added almost $70 billion to its total capitalization over the past 24 hours. This happened on the back of Bitcoin charting a notable recovery in the past 24 hours, bouncing up to $63,000, so let’s have a look. Bitcoin’s Price Stages a Recovery Just a couple of days ago, Bitcoin tumbled below $60,000 and even briefly dipped below $59,000. Fortunately, the bulls...

The United States spot Bitcoin exchange-traded fund (ETF) market is seeing a new wave of trading alternatives, including the availability of options. This latest move could attract liquidity and longer-term investors to the Bitcoin ecosystem, but it has a downside. According to a CryptoQuant report, the availability of options for spot Bitcoin ETFs could increase the paper supply of BTC, allowing investors to gain exposure to the leading digital asset without investing...

Bitcoin’s price actions have calmed once again during the weekend, and the asset has retraced by a grand since the $66,500 peak registered earlier. Most altcoins have also corrected on a daily scale, aside from Ripple’s native token, which has soared past $0.62 for the first time since early August. BTC Falls Short at $66K Last weekend went in a similar fashion, as the largest digital asset slipped from $64,000 to around $63,000. However, it went on the offensive once again...

The Wrapped Bitcoin market is seeing the emergence of new players, like Coinbase, the largest American crypto exchange. Analysts believe the market’s current condition presents an opportunity for higher user engagement, enhanced cross-chain liquidity, and significant growth in the coming years. However, observations made in the latest CryptoQuant report suggest the race may not be smooth, and investors may be reluctant to use some tokens because of the mechanisms used by the...

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...

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...

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...

There’s been no shortage of news over the past seven days. During this period, the total cryptocurrency market capitalization managed to add close to $140 billion. This happened on the back of significant gains charted by the majority of coins, so let’s take a closer look. First things first, the long-anticipated rate cut is now a fact. The US Federal Reserve announced on Wednesday that it is decreasing interest rates by 0.5%, a considerable move that sent ripples across all...