Following the sharp corrections it experienced, the leading cryptocurrency Bitcoin (BTC) showed signs of recovery in the last 24 hours, rising above $112,000. As investors wonder if Bitcoin will continue its rise, one analyst argued that Bitcoin is still in a bull market after climbing above $112,000 after a week of major volatility. At this
U.S. spot Bitcoin exchange-traded funds turned red last week, ending a four-week streak of inflows as this year’s third quarter comes to a close. Last week saw $902.50 million in netflows, marking a more than 30-day low that was largely attributed to Friday’s outflow of $418.25 million, SoSoValue data shows. Fidelity’s FBTC product saw the
On-chain MVRV ratio signals market resilience, showing neither panic nor euphoria among Bitcoin investors. Long-term holders reduce selling, cutting available supply and supporting conditions for continued market strength. The Bitcoin market has been volatile lately, but on-chain data suggests the bull market is far from over. Recent analysis from XWIN Research Japan on CryptoQuant confirms
Bitcoin price found support near $108,680 and started a recovery wave. BTC is trading above $111,000 and facing hurdles near $112,500. Bitcoin started a fresh recovery wave above the $110,500 zone. The price is trading above $110,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with
Sam Altman, chief executive of OpenAI, met UAE President Sheikh Mohammed bin Zayed Al Nahyan in Abu Dhabi on Saturday, according to the UAE state news agency. The talks between Sam and Mohammed centered on building stronger cooperation between OpenAI and organizations in the Emirates. Officials reported that both men focused on artificial intelligence research
Traders have practically written in pen a quarter-point cut, daring the U.S. Federal Reserve to prove them wrong at October’s meeting ahead. Quarter-Point Trim Leads the Board for October’s Fed Decision CME’s Fedwatch tool puts numbers to the hunch: with the target currently at 4.00% to 4.25%, the Oct. 29 path most favored is a
The world of Digital Asset Treasury (DATs) has entered a new era, after Strive (ASST) announced an all-stock deal to acquire Semler Scientific (SMLR) this week. The deal marked the first merger of two publicly traded bitcoin treasuries, and according to a Wall Street banker familiar with the situation, this is just the start of
Elon Musk already has rockets, cars, AI, and humanoid robots. Musk’s rival Sam Altman runs OpenAI, the company behind the leading AI chatbot, ChatGPT. Now, both men and other billionaires want a piece of the human brain. Their latest bets on brain-computer interfaces, or BCIs, reveal less about today’s medical breakthroughs and more about a
This month, Bitcoin’s lackluster price performance has triggered a wave of bearish sentiment among institutional investors. This raises the possibility that the digital asset could close September in the red. On-chain data also reveals a decline in miner accumulation, further weighing on the already-struggling cryptocurrency. ETF Exodus and Miner Selling Could Push Bitcoin Lower The