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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

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Bitcoin ETFs, Bankruptcy Paybacks Have Given Crypto Lending a Second Wind - CoinDesk

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Cryptocurrency Prices And News: Bitcoin Slides Near $71000 After Jobs Report - Investor's Business Daily

Bitcoin (BTC) remains on track to touch the aspirational $150,000 level by the end of this year as spot BTC exchange-traded funds (ETFs) continue to see significant inflows.

I am sticking with my end-2024 $150K and end-2025 $200K forecasts for BTC, Standard Chartereds forex and digital assets research head Geoffrey Kendrick said in a Thursday note shared with CoinDesk. Before then, if tomorrows payrolls data are friendly I would expect a fresh all-time-high to be reached over the weekend.

As we approach the U.S. election, I expect $100K to be reached and then $150k by year-end in the case of a Trump victory, Kendrick added. As of Thursday, crypto traders on Polymarket are betting 56% odds of Trump being in office, compared to 36% for incumbent Joe Biden.

Sentiment for bitcoin and the broader crypto market has risen since May on the listing approval for ether (ETH) ETFs and support for the industry among U.S. political parties.

ETFs crossed $15 billion in net inflows on Tuesday for the first time since going live in January, boosting sentiment among bitcoin traders. Inflow activity has picked up recently after a dismal few weeks from mid-April to early May, a period that saw zero net inflows on some days and even outflows from major ETFs such as BlackRocks IBIT.

Spot bitcoin ETFs saw over $880 million in inflows on Tuesday, led by Fidelitys FBTC. This was the best day of inflows since March and the second-highest overall.

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Bitcoin Could Hit $150K by 2024-End on Hopes of Donald Trump Being Re-Elected: Standard Chartered - CoinDesk

Bitcoin has moved sharply higher this week, topping $70,000 per bitcoin after the Federal Reserve made a surprise "admission."

Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and "uncover blockchain blockbusters poised for 1,000% plus gains" in the aftermath of bitcoin's halving earthquake!

The bitcoin price has come back to within touching distance of its all-time high as a top Goldman Sachs executive hails an "astonishing turning point."

Now, with U.S. Treasury secretary Janet Yellen issuing a huge $34 trillion warning that could trigger bitcoin price chaos, bitcoin has been seen to mirror a price pattern last seen in 2017just before bitcoin's "parabolic" price run.

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Bitcoin has moved sharply higher this year, putting the bitcoin price back above its 2021 all-time ... [+] high.

"You're looking at the first breakout of bitcoin against M1 money supply since March 2017 when it went historically parabolic for 9 months," an anonymous bitcoin analyst posted to X alongside a chart that showed bitcoin's breakout and retest of a so-called Bollinger band as it last did in 2017.

Bollinger bands are used by traders to chart price and volatility trends while the M1 money supply refers to cash in the economy.

"Dramatic chart," closely-followed technical analysis trader Peter Brandt replied. "This chart is amazing."

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The bitcoin price rocketed after a fleet of Wall Street ETFs hit the market.

In 2017, the bitcoin price started the year at under $1,000 per bitcoin before rocketing to a peak of around $20,000 per bitcoin in December 2017.

"Technically, bitcoin has already broken the resistance of the descending channel and is testing horizontal resistance," Alex Kuptsikevich, senior market analyst with FxPro, said in emailed comments. "The ability to go above $71,000 opens the way for a renewal of historical highs, which could happen very quickly."

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Bitcoin Braced To Go 'Parabolic' After 'Amazing' 2017 Price Breakout Repeat - Forbes

We have yet to find a perfect place to buy Bitcoin. But if you want to know the best place to buy Bitcoin for you, the answer will depend on the features that matter most to you. Here are a few that you should consider when evaluating the best cryptocurrency exchanges, brokers, and apps.

The cost of buying and selling Bitcoin can vary dramatically from one crypto exchange platform to another. While it shouldn't be the only factor you consider, it's important to know what you'll pay on each platform you're considering. When considering fees, check to see what spread the platform charges, as this can push the cost up considerably.

All of the places on the above list will let you buy Bitcoin. But if you want to invest in other cryptocurrencies or begin crypto trading, you'll want to look for a platform that has a good selection. If you'd like to invest in Bitcoin and stocks in the same place, you'll need a platform that offers that.

Some of the biggest cryptocurrency exchanges have extensive libraries of articles, videos, and tutorials to help users learn about Bitcoin and other cryptocurrencies. This can be a big differentiator when looking for the best place to buy Bitcoin, even for people who already understand how Bitcoin works.

Depending on the investor, this could mean different things. For example, someone who is looking to buy their first Bitcoin and only plans to occasionally buy and sell the digital currency may want as simple of a user interface as possible. On the other hand, an active and experienced Bitcoin trader might want a trading platform with many features (charting tools, order options, etc.).

We touched on safety above, but it bears repeating. There's no point in investing in Bitcoin only to lose your assets if the platform collapses or is hacked. Research the risks involved and look for crypto exchanges that are transparent about their security, assets, and insurance.

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Best Places to Buy Bitcoin in 2024 - The Motley Fool

XRP Price Near $0.5 Level As Whales Stir 87M Coins, Whats Next?

Against the backdrop of the crypto markets tumbled price movement today, XRP, one of the largest cryptocurrencies by market cap, has piqued significant investor attention. With its price fluctuating near

1 min ago 24/7 Cryptocurrency News

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Crypto Prices Today June 11: Bitcoin Slips to $67K, ETH Below $3,600 While INJ & GNO Rally 4-9% - CoinGape

The realized price of Bitcoin short-term holders (STHs) is increasing, indicating that BTCs uptrend will continue as the price broke above $70,000 on June 10.

When the price of Bitcoin (BTC) rose from around $68,000 to $70,232 over the last seven days, the realized price of short-term holdersthe average acquisition price for coins moved within the last 155 days and held outside exchange reservesrose by 1.5% over the same time frame, according to James Van Straten, a lead analyst at Cryptoslate.

This group mainly consisted of those who purchased BTC before and after the approval of the U.S. spot Bitcoin ETF in January, just before it breached its previous all-time high of $69,000 in March.

Using data from market intelligence firm Glassnode, Van Straten noted that STH realized price has been steadily increasing, nearing $64,000, indicative of Bitcoins uptrend over the last 18 months.

As long as Bitcoin holds above $64,000 for the next few months, the long-term outlook for Bitcoin price will remain bullish as this level acts as a significant support zone.

At the time of publication, BTC is trading at $70,090 and is enjoying robust support on the downside compared to the resistance it faced in its recovery path.

This was corroborated by data from IntoTheBlock, whose In/Out of the Money Around Price (IOMAP) model showed that the immediate support for the price around $69,000 was where approximately 1.3 million were previously bought by more than 2.22 million addresses.

Any attempts to pull the price lower may be met by aggressive buying from this cohort of investors who would like to increase their profits.

Related: BTC price settles at $69K after dip wipes $1.3B Bitcoin open interest

Additional data from CryptoQuant reveals a spike in Taker Buy Sell Ratio on the HTX crypto exchange.

The Taker Buy Sell Ratio is a key metric used by traders to gauge market sentiment and potential price movements. A ratio above one suggests more takers are buying than selling, indicating bullish sentiment, while a ratio below one suggests the opposite.

Independent trader Ali Martinez observed that this ratio had spiked to 730, a rare occurrence signaling exceptionally strong buy-side pressure on the HTX exchange.

Generally, the spike in the Taker Buy Sell Ratio suggests that a significant number of investors are currently buying Bitcoin in anticipation of further price increases. This surge in buying activity often precedes notable price jumps.

In another X post, Martinez observed a spike in the number of daily active addresses on the Bitcoin network, breaking a downtrend that started on March 5! He shared a chart from Santiment showing that 765,480 more addresses were active on the Bitcoin blockchain over the last 24 hours.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Bitcoin's short-term holder realized price hits $64,000, confirming BTC rally - Cointelegraph

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Crypto's culture encourages investors to "HODL," or hold on for dear life, in the rollercoaster ride of bitcoin's extreme fluctuations.

But this long-prized practice may diminish as adoption of ETFs grows, particularly if traditional investors who are accustomed to rebalancing their portfolios regularly add in bitcoin exposure.

The cryptocurrency has become increasingly institutionalized in recent years and since the launch of exchange traded funds this year that track bitcoin's price, that trend is expected to increase especially as different wirehouses, brokerages, and advisors start to turn on client access to the ETFs.

"You have so many people in this community who are just diamond-handed holders," Donald Marron,director of economic policy initiatives at Urban Institute, said this week at the 2024 Vision conference in Austin, Texas. "If you convince them to allocate 1% [to bitcoin] today and never touch it, they would see enormous wealth gains if you were on those roads to a much higher bitcoin price."

"If you have people who are actually doing what I view as traditional asset allocation, they're going to face a question every quarter, every month, every year about whether they rebalance," he added. "From a risk management point of view, rebalancing is a good thing. But rebalancing also means that they're going to be sellers along this journey."

At some point, every HODLer becomes a seller, according to Julio Moreno, head of research at CryptoQuant. At the moment, long-term holders are selling, as is normal during bull markets, after accumulating bitcoin during the bear market.

Matt Hougan, chief investment officer at Bitwise Asset Management, the issuer of the Bitwise Bitcoin ETF (BITB), said investors should treat bitcoin "like any other asset add it into a portfolio and include the rebalancing process" pointing to bitcoin's traditional four-year cycle of three good years followed by a down year.

"Bitcoin has has boom and bust cycles," he said, speaking at the Vision conference, a crypto investing forum for advisors hosted by the Digital Assets Council of Financial Professionals. "When you add rebalancing to your portfolio, the impact on 'sharpes' and other measures increases dramatically."

Sharpe ratios help investors assess the return they get from an investment relative to the amount of risk they take.

Rebalancing may help dampen bitcoin's notorious volatility one of the biggest things keeping many investors away from the asset, according to Michael Allegue, an investment officer at MassMutual.

"As more and more institutional capital comes in, there's potential for volatility dampening as many other firms, us included, are probably going to be rebalancing accounts they're not going to be purely buy-and-hold," Allegue said.

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Bitcoin ETFs bring in a new investor who bucks the 'HODL' culture and rebalances as bitcoin soars - CNBC

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated .

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

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Franklin Templeton Weighs New Crypto Fund Investing in Tokens Beyond Bitcoin, Ether: Report - CoinDesk

A visual representation of the digital cryptocurrency Bitcoin is shown in this photo illustration ... [+] taken in Brussels, Belgium, on February 25, 2024. Photo by Jonathan Raa/NurPhoto

The Lightning Network is revolutionizing bitcoin transactions by providing a second-layer solution that enhances speed and reduces costs. By enabling off-chain transfers, it facilitates near-instantaneous processing and lower fees, making bitcoin more practical for everyday use.

David Marcus, co-founder and CEO of LightSpark, sees a future where every corporation uses Bitcoin Bitcoin and the Lightning Network for net settling between suppliers or customers. He sees bitcoin as the global neutral settlement network, capable of interoperating with real-time domestic payment systems such as FedNow in the U.S., PIX in Brazil, SPEI in Mexico, UPI in India, and SEPA in Europe.

A key factor in the effectiveness of the Lightning Network is liquidity, which ensures that transactions can be processed smoothly and efficiently. Liquidity refers to the availability of funds in the network to facilitate transactions. Without sufficient liquidity, even the fastest network can experience bottlenecks.

LightSpark isnt the only solution addressing liquidity issues. Other tools, including Lightning Labs Loop, Breez SDK, C=, Amboss Hydro, and Voltage Flow Flow , are available.

Erik Alvarez, Director of Velas Commerce, points out that some of these services rely on others in the background, such as using Loop on the backend to manage liquidity more effectively.

Since its inception, the Lightning Network's development has been driven by active community and developer engagement. This collective effort aims to enhance bitcoin's functionality and extend its use as a mainstream digital currency. Despite its advantages, the network faces barriers due to its complexity and the technical expertise required to manage payment channels effectively.

A primary challenge for users is maintaining and balancing payment channels, requiring technical know-how. LightSpark addresses these issues by simplifying Lightning node operations, making the network more accessible. Marcus states, "Bitcoin is poised to become the neutral settlement network and asset globally, uniquely positioned to bridge various real-time domestic payment systems."

The network still faces hurdles such as potential centralization, nodes going offline, and difficulties integrating with existing payment infrastructures. Ongoing efforts focus on enhancing user interfaces and simplifying technology for broader adoption. Marcus explains, "We are automating the complexities of managing Lightning operations, allowing companies to maintain control while we handle the underlying technology."

Calle, an open-source developer and creator of Cashu, an open-source Ecash protocol, provides insights into the Lightning Network. Institutions like HRF, Open Sats, and Spiral have facilitated collaboration and provided financial support for development projects. Calle notes, "Spiral is all in on Lightning, doing a lot for its development."

Despite these efforts, the network faces the inherent issue of centralization versus efficiency. According to Calle and Alvarez, the ideal scenario is a fully decentralized network where every participant has equal rights and provisions; the reality is different.

Technical and economic incentives often lead to a more centralized structure. "Most people won't run their own Lightning node; it's a nuisance for individuals but manageable for businesses," Calle explains. The scalability of the Lightning Network involves recognizing that not everyone will have their own Lightning channels, and over-marketing may have led to unrealistic expectations.

Looking forward, cloud nodes offered by companies like Blockstream, Voltage, and LightSpark present a compromise. They run Lightning nodes for individual customers, making the technology more accessible and better than traditional payment systems like MasterCard. Alvarez adds, "Were also big fans of Ecash, and we would argue that bitcoins layers can be seen as Layer 1 for on-chain transactions, Layer 2 for Lightning, and Layer 3 for Ecash."

The Lightning Network offers a promising solution to bitcoin's scalability challenges by enabling faster and more efficient transactions worldwide. As this technology matures, it is set to redefine global finance by making digital payments quicker and more accessible. However, achieving the ideal balance between decentralization and efficiency will require ongoing development and innovation. With continuous advancement and strong community collaboration, the Lightning Network stands ready to transform the future of bitcoin and global digital payments.

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Bitcoin And The Future Of The Lightning Network - Forbes