Bitcoin News
Bitcoin Price Surges to 5-Month High, What’s Driving Bitcoin’s Rally?
Bitcoin’s price has skyrocketed to a 5-month high of over $54,000 as bullish sentiment returns, with the cryptocurrency already up 25% this month. CoinDesk’s Galen Moore discusses insights into the possible factors driving what he calls the “spot-market driven rally” and its potential connection to tether, China, crypto regulation, and ETFs.
Bitcoin Futures Market Suggests Huobi a Loser in China Crackdown
Bitcoin’s move to $50,000 has revived bullish sentiment, lifting futures premiums on most major cryptocurrency exchanges, which are often seen as a gauge of speculative interest. Though on the Huobi exchange, historically skewed toward Chinese customers, the premium hasn’t budged, potentially due to its decision to suspend services to China-based clients.
George Soros' Family Office Owns Bitcoin
Billionaire investor George Soros' family office, Soros Fund Management, has invested in bitcoin but clarified "the coins themselves are less interesting than the use cases of DeFi." "The Hash" group discusses the implications for the Soros brand getting into crypto and whether this could be bullish for the blockchain industry at large.
Why Financial Advisors Should Consider Adding Bitcoin to Their Portfolios
Bitcoin is up nearly 9% on the day, and pullbacks appear to be limited given a series of breakouts over the past week.
Crypto Miners Blamed for Kazakh Power Shortages, Bitcoin on the Up
Crypto mining blamed for power shortages in Kazakhstan. Bitcoin crosses US$50,000 mark and leads altcoins up. A lawmaker accuses Korean crypto exchange Upbit of listing faulty tokens to earn fees. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Bitcoin Approaching Resistance Near $52K, Support Between $48K-$50K
Pullbacks appear to be limited given a series of breakouts over the past week.
Market Wrap: Bitcoin at $51K as the Bulls Return
Sentiment significantly improved over the past week, signaling a shift away from market panic.
Bitcoin Rises to $50K, Next Resistance Around $52K-$55K
A decisive breakout above $50,000 could yield further upside toward the all-time high near $60,000, unless buyers start taking profits.
Bitcoin Breaks $50K for First Time in a Month
The gain comes amid a weak start to October for U.S. stocks.
