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Cryptocurrency prices on October 22: Bitcoin falls over 2% to $67,700; Shiba Inu, NEAR Protocol drop up to 4%
Major cryptocurrencies declined on Tuesday as investors booked profits following recent highs. Bitcoin (BTC), Ethereum (ETH), Solana, and other major cryptocurrencies experienced dips, contributing to a 2% drop in the global cryptocurrency market cap, which now stands at approximately $2.34 trillion over the past 24 hours.
As of 12:04 pm IST, Bitcoin was down 2%, trading at $67,731, while Ethereum fell 3.2% to $2,654.
Several other prominent cryptocurrencies saw declines, including BNB (-1.6%), Solana (-1.2%), XRP (-1.2%), Dogecoin (-1.3%), Toncoin (-2%), Avalanche (-2.7%), Shiba Inu (-3.5%), and NEAR Protocol (-4.3%).
"Bitcoin has dipped over 2% as investors move toward profit-taking. After reaching a peak of $69,300, BTC is now trading around $67,500. It appears the bulls are pausing after a week-long rally, likely gearing up for another surge as the U.S. elections get closer. Bitcoin’s support level has dropped to $67,100, with resistance now standing at $68,200," said Edul Patel, CEO of Mudrex.
Vikram Subburaj, CEO of Giottus, said, "Bitcoin has hit a temporary snag with a ~2% pullback today along with notable outflows from its ETFs. However, the asset continues to consolidate above its support threshold of $66,000 with the RSI and MACD supporting a bullish recovery."
"Top altcoins have mirrored Bitcoin with Solana, Toncoin and Avalanche declining by 2-4%. Ethereum has dropped below $2,700 with its RSI falling below the neutral zone. Tron has bucked the trend with a minor uptick. If Bitcoin holds $66,000 support, a retest of $68,500 resistance level could be expected in the upcoming days," Subburaj added.
In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, fell to $1.336 trillion. Bitcoin's dominance is currently 57.14%, according to CoinMarketCap. BTC volume in the last 24 hours surged 56.9% to $37.4 billion.
#ScrollOnBinance #BTC☀ #btcupdates2024 #BinanceSquareFamily #bitcoin☀️ $BTC
Major cryptocurrencies declined on Tuesday as investors booked profits following recent highs. Bitcoin (BTC), Ethereum (ETH), Solana, and other major cryptocurrencies experienced dips, contributing to a 2% drop in the global cryptocurrency market cap, which now stands at approximately $2.34 trillion over the past 24 hours.
As of 12:04 pm IST, Bitcoin was down 2%, trading at $67,731, while Ethereum fell 3.2% to $2,654.
Several other prominent cryptocurrencies saw declines, including BNB (-1.6%), Solana (-1.2%), XRP (-1.2%), Dogecoin (-1.3%), Toncoin (-2%), Avalanche (-2.7%), Shiba Inu (-3.5%), and NEAR Protocol (-4.3%).
"Bitcoin has dipped over 2% as investors move toward profit-taking. After reaching a peak of $69,300, BTC is now trading around $67,500. It appears the bulls are pausing after a week-long rally, likely gearing up for another surge as the U.S. elections get closer. Bitcoin’s support level has dropped to $67,100, with resistance now standing at $68,200," said Edul Patel, CEO of Mudrex.
Vikram Subburaj, CEO of Giottus, said, "Bitcoin has hit a temporary snag with a ~2% pullback today along with notable outflows from its ETFs. However, the asset continues to consolidate above its support threshold of $66,000 with the RSI and MACD supporting a bullish recovery."
"Top altcoins have mirrored Bitcoin with Solana, Toncoin and Avalanche declining by 2-4%. Ethereum has dropped below $2,700 with its RSI falling below the neutral zone. Tron has bucked the trend with a minor uptick. If Bitcoin holds $66,000 support, a retest of $68,500 resistance level could be expected in the upcoming days," Subburaj added.
In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, fell to $1.336 trillion. Bitcoin's dominance is currently 57.14%, according to CoinMarketCap. BTC volume in the last 24 hours surged 56.9% to $37.4 billion.
#ScrollOnBinance #BTC☀ #btcupdates2024 #BinanceSquareFamily #bitcoin☀️ $BTC
Cryptocurrency prices on October 22: Bitcoin falls over 2% to $67,700; Shiba Inu, NEAR Protocol drop
● Shiba Inu, NEAR Protocol drop up to 4%
Major cryptocurrencies declined on Tuesday as investors booked profits following recent highs. Bitcoin (BTC), Ethereum (ETH), Solana, and other major cryptocurrencies experienced dips, contributing to a 2% drop in the global cryptocurrency market cap, which now stands at approximately $2.34 trillion over the past 24 hours.
As of 12:04 pm IST, Bitcoin was down 2%, trading at $67,731, while Ethereum fell 3.2% to $2,654.
Several other prominent cryptocurre
Major cryptocurrencies declined on Tuesday as investors booked profits following recent highs. Bitcoin (BTC), Ethereum (ETH), Solana, and other major cryptocurrencies experienced dips, contributing to a 2% drop in the global cryptocurrency market cap, which now stands at approximately $2.34 trillion over the past 24 hours.
As of 12:04 pm IST, Bitcoin was down 2%, trading at $67,731, while Ethereum fell 3.2% to $2,654.
Several other prominent cryptocurre
Bitcoin, Asian Equities May Be Losing Capital to China Stocks
Even with a 3-5% cost to convert [stablecoin] USDT into equities, the potential upside of 50-70% in China's stocks makes this a strategic move, one observer said.
• Since late September, BTC has held largely flat amid the stimulus-led 20% surge in the Chinese stocks.
• The rebound in the battered Chinese equities could be sucking out capital from crypto and Asian equity markets.
• The capital rotation may be short-lived.
China's battered stock market has experienced a resurgence since late S
• Since late September, BTC has held largely flat amid the stimulus-led 20% surge in the Chinese stocks.
• The rebound in the battered Chinese equities could be sucking out capital from crypto and Asian equity markets.
• The capital rotation may be short-lived.
China's battered stock market has experienced a resurgence since late S
Cryptocurrency Price Movements Today
The cryptocurrency market has seen notable fluctuations today, with various digital assets experiencing significant price movements. Bitcoin (BTC-USD), the leading cryptocurrency, has shown a 2.5% increase over the past 24 hours, reaching $30,000. This rise is attributed to renewed investor interest and positive market sentiment.
Ethereum (ETH-USD), the second-largest cryptocurrency by market capitalization, has also seen an upward trend. Ethereum’s price surged by 3.1%, trading at $1,800. This
Ethereum (ETH-USD), the second-largest cryptocurrency by market capitalization, has also seen an upward trend. Ethereum’s price surged by 3.1%, trading at $1,800. This
Cryptocurrency Price Today (October 1): Bitcoin Rises Above $64,000, POPCAT Becomes Biggest Gainer
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, appeared stable within the $64,000 range early Tuesday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a mix of reds and grees across the board as the overall Market Fear & Greed Index stood at 48 (Neutral) out of 100, as per CoinMarketCap data. The POPCAT token became the biggest gainer with a 24-hour jump of over 7 percent. ENA became the top
Ethereum price vs. bitcoin price
Ethereum launched in 2015. Both ethereum and bitcoin have been spectacular investments since then.
The SEC’s approval of bitcoin spot ETFs in early 2024 has reversed the performance gap between the two cryptos. BTC is up 126% and ETH is up 52% year over year.
How to buy ethereum online
You can buy ethereum on popular cryptocurrency exchanges like Binance, Coinbase and Kraken. Ethereum trades under the symbol ETH. There are also online brokerages that support cryptocurrency trading, such as Ro
The SEC’s approval of bitcoin spot ETFs in early 2024 has reversed the performance gap between the two cryptos. BTC is up 126% and ETH is up 52% year over year.
How to buy ethereum online
You can buy ethereum on popular cryptocurrency exchanges like Binance, Coinbase and Kraken. Ethereum trades under the symbol ETH. There are also online brokerages that support cryptocurrency trading, such as Ro
Ethereum gas price
Users pay ethereum gas fees to process transactions or use smart contracts on the network. They’re similar to highway tolls.
Gas fees are paid in gwei, a unit representing one billionth of one ETH.
A history of ethereum prices
Ethereum prices 2015-2020
Like bitcoin and other leading cryptocurrencies, ethereum had humble beginnings. Shortly after its launch in July 2015, ETH hit its all-time low of 42 cents in October 2015.
The popularity and trading volumes of cryptocurrencies started to snowball in 2017. ETH prices reached $1,000 for the first time in January 2018. The crypto ultimately peaked at around $1,300 less than two weeks later.
CME Group's announcement that it would launch bitcoin futures contracts drove ethereum’s 2017 rally. They were the first cryptocurrency-related products offered by a regulated U.S. financial institution.
Enthusiasm for cryptocurrency died down in 2018. That led to one of several crypto winters in the past decade.
The next crypto boom began in 2020. This time, ETH's parabolic rise was partly driven by government shutdowns of sports, casinos, and other leisure and entertainment options. Multiple government stimulus checks also left many Americans with extra disposable income to buy crypto.
Ethereum prices 2021-2024
Ethereum prices reached $4,891.70 on Nov. 16, 2021. But rising interest rates cooled investor enthusiasm for risk assets in 2022. A string of crypto industry layoffs and bankruptcies weighed on crypto prices, culminating in the bankruptcy of leading cryptocurrency exchange FTX in November 2022. ETH prices dipped below $900 during the 2022 crypto winter.
The ethereum rally resumed in 2023 and into 2024 as investors grew more optimistic about the U.S. economic outlook. The Securities and Exchange Commission’s approval of several bitcoin spot ETFs in January 2024 further bolstered ethereum prices.
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#ETHETFsApproved
#ETH🔥🔥🔥🔥
$ETH
Users pay ethereum gas fees to process transactions or use smart contracts on the network. They’re similar to highway tolls.
Gas fees are paid in gwei, a unit representing one billionth of one ETH.
A history of ethereum prices
Ethereum prices 2015-2020
Like bitcoin and other leading cryptocurrencies, ethereum had humble beginnings. Shortly after its launch in July 2015, ETH hit its all-time low of 42 cents in October 2015.
The popularity and trading volumes of cryptocurrencies started to snowball in 2017. ETH prices reached $1,000 for the first time in January 2018. The crypto ultimately peaked at around $1,300 less than two weeks later.
CME Group's announcement that it would launch bitcoin futures contracts drove ethereum’s 2017 rally. They were the first cryptocurrency-related products offered by a regulated U.S. financial institution.
Enthusiasm for cryptocurrency died down in 2018. That led to one of several crypto winters in the past decade.
The next crypto boom began in 2020. This time, ETH's parabolic rise was partly driven by government shutdowns of sports, casinos, and other leisure and entertainment options. Multiple government stimulus checks also left many Americans with extra disposable income to buy crypto.
Ethereum prices 2021-2024
Ethereum prices reached $4,891.70 on Nov. 16, 2021. But rising interest rates cooled investor enthusiasm for risk assets in 2022. A string of crypto industry layoffs and bankruptcies weighed on crypto prices, culminating in the bankruptcy of leading cryptocurrency exchange FTX in November 2022. ETH prices dipped below $900 during the 2022 crypto winter.
The ethereum rally resumed in 2023 and into 2024 as investors grew more optimistic about the U.S. economic outlook. The Securities and Exchange Commission’s approval of several bitcoin spot ETFs in January 2024 further bolstered ethereum prices.
#BinanceLaunchpoolHMSTR
#ETHETFsApproved
#ETH🔥🔥🔥🔥
$ETH
Ethereum price today: ETH is down 0.03% today, trading at $2,628.52
What is the current price of ethereum?
The price of ethereum, or 1 ETH, was $2,628.52 as of 8 a.m. ET. The crypto’s highest intraday price in the past year was $4,088.00 on March 12, 2024.
Although ethereum is not the first altcoin, it’s the most popular and successful. The cryptocurrency was launched in 2015. Its blockchain has generated tremendous growth and returns over the past nine years.
Ethereum market cap
Ethereum’s market capitalization of $316.40 billion is second to bitcoin’s. It’s similar to some major blue-chip stocks. These include the Coca-Cola Co. (KO) at $309 billion and Merck & Co. (MRK) at $287 billion.
ETH is a popular choice among crypto investors. Together with bitcoin, it makes up 70% of the crypto market.
What is ethereum?
Ethereum is a decentralized blockchain-based platform. It facilitates secure financial transactions. The network’s native token is ether.
Bitcoin also uses blockchain technology. But it operates differently. Ethereum has a programmable blockchain that offers users additional utility via smart contracts. Smart contracts run automatically when certain conditions are met.
Many users prefer ethereum’s decentralized network because it doesn’t rely on Big Tech companies. The network of small, private computers doesn’t use cloud servers owned by Google or Amazon.
Ethereum’s blockchain is used for decentralized finance, gaming, socializing and gambling. Nonfungible tokens, one-of-a-kind digital collectibles, also exist on the blockchain. NFTs represent ownership of unique digital assets, such as works of art, songs and videos.
Ethereum gas price
Users pay ethereum gas fees to process transactions or use smart contracts on the network. They’re similar to highway tolls.
Gas fees are paid in gwei, a unit representing one billionth of one ETH.
A history of ethereum prices
#BinanceLaunchpoolHMSTR
#ETHETFsApproved
#etherreum
$ETH
What is the current price of ethereum?
The price of ethereum, or 1 ETH, was $2,628.52 as of 8 a.m. ET. The crypto’s highest intraday price in the past year was $4,088.00 on March 12, 2024.
Although ethereum is not the first altcoin, it’s the most popular and successful. The cryptocurrency was launched in 2015. Its blockchain has generated tremendous growth and returns over the past nine years.
Ethereum market cap
Ethereum’s market capitalization of $316.40 billion is second to bitcoin’s. It’s similar to some major blue-chip stocks. These include the Coca-Cola Co. (KO) at $309 billion and Merck & Co. (MRK) at $287 billion.
ETH is a popular choice among crypto investors. Together with bitcoin, it makes up 70% of the crypto market.
What is ethereum?
Ethereum is a decentralized blockchain-based platform. It facilitates secure financial transactions. The network’s native token is ether.
Bitcoin also uses blockchain technology. But it operates differently. Ethereum has a programmable blockchain that offers users additional utility via smart contracts. Smart contracts run automatically when certain conditions are met.
Many users prefer ethereum’s decentralized network because it doesn’t rely on Big Tech companies. The network of small, private computers doesn’t use cloud servers owned by Google or Amazon.
Ethereum’s blockchain is used for decentralized finance, gaming, socializing and gambling. Nonfungible tokens, one-of-a-kind digital collectibles, also exist on the blockchain. NFTs represent ownership of unique digital assets, such as works of art, songs and videos.
Ethereum gas price
Users pay ethereum gas fees to process transactions or use smart contracts on the network. They’re similar to highway tolls.
Gas fees are paid in gwei, a unit representing one billionth of one ETH.
A history of ethereum prices
#BinanceLaunchpoolHMSTR
#ETHETFsApproved
#etherreum
$ETH
Bitcoin slips below $64,000 after Fed Chair Powell signals smaller rate cuts
Cryptocurrency markets continued their downward trend on Tuesday after Federal Reserve Chair Jerome Powell's comments dampened expectations of significant interest rate cuts. Bitcoin fell below the $64,000 mark, while Solana, XRP, and Dogecoin also experienced declines.
Fed Chair Powell indicated on Monday the U.S. central bank would likely stick to quarter-percentage-point cuts henceforth after new data boosted confidence in economic growth and consumer spending.
Investors are also keeping an eye on rising geopolitical tensions after Israel's ground invasion of Lebanon appeared to be getting underway early on Tuesday.
As of 1:07 pm IST, Bitcoin had slipped 0.9% to $63,935, while Ethereum rose 0.3% to $2,644. Meanwhile, The global cryptocurrency market cap fell by 0.91% to approximately $2.25 trillion in the past 24 hours.
"Profit-taking and uncertainty surrounding comments made by the Federal Reserve on interest rates are attributed to the recent sell-off," said Shivam Thakral, CEO of BuyUcoin.
Avinash Shekhar, Co-Founder and CEO of Pi42, commented on the market’s bearish trend, stating, "Bitcoin dipped to $63,500, and several altcoins fell more than 3%. This trend may be short-term, but the market remains highly volatile as the U.S. elections approach."
He also highlighted that Powell's remarks on a commitment to lower interest rates have restored confidence, suggesting, "Minor corrections are expected, and altcoins, particularly Ethereum, may see growth. If Ethereum consolidates above $2,700, it could rise to $2,900."
Among altcoins, Solana (-0.3%), XRP (-3.6%), Dogecoin (-3.5%), Cardano (-1.8%), Shiba Inu (-1%), and Chainlink (-0.5%) also recorded declines.
The volume of all stablecoins stood at $74.5 billion, representing 91.8% of the total crypto market’s 24-hour trading volume, according to CoinMarketCap.
#BinanceLaunchpoolHMSTR
#BTC☀
$BTC
Cryptocurrency markets continued their downward trend on Tuesday after Federal Reserve Chair Jerome Powell's comments dampened expectations of significant interest rate cuts. Bitcoin fell below the $64,000 mark, while Solana, XRP, and Dogecoin also experienced declines.
Fed Chair Powell indicated on Monday the U.S. central bank would likely stick to quarter-percentage-point cuts henceforth after new data boosted confidence in economic growth and consumer spending.
Investors are also keeping an eye on rising geopolitical tensions after Israel's ground invasion of Lebanon appeared to be getting underway early on Tuesday.
As of 1:07 pm IST, Bitcoin had slipped 0.9% to $63,935, while Ethereum rose 0.3% to $2,644. Meanwhile, The global cryptocurrency market cap fell by 0.91% to approximately $2.25 trillion in the past 24 hours.
"Profit-taking and uncertainty surrounding comments made by the Federal Reserve on interest rates are attributed to the recent sell-off," said Shivam Thakral, CEO of BuyUcoin.
Avinash Shekhar, Co-Founder and CEO of Pi42, commented on the market’s bearish trend, stating, "Bitcoin dipped to $63,500, and several altcoins fell more than 3%. This trend may be short-term, but the market remains highly volatile as the U.S. elections approach."
He also highlighted that Powell's remarks on a commitment to lower interest rates have restored confidence, suggesting, "Minor corrections are expected, and altcoins, particularly Ethereum, may see growth. If Ethereum consolidates above $2,700, it could rise to $2,900."
Among altcoins, Solana (-0.3%), XRP (-3.6%), Dogecoin (-3.5%), Cardano (-1.8%), Shiba Inu (-1%), and Chainlink (-0.5%) also recorded declines.
The volume of all stablecoins stood at $74.5 billion, representing 91.8% of the total crypto market’s 24-hour trading volume, according to CoinMarketCap.
#BinanceLaunchpoolHMSTR
#BTC☀
$BTC
Current cryptocurrency prices
Although Bitcoin is the most well-known cryptocurrency, it’s not the only investment option you have. When deciding where to invest your money, consider these alternatives:
BitcoinPrice per coin$63,612.01EthereumPrice per coin$2,623.13Tether (USDT)Price per coin$1.00Binance Coin (BNB)Price per coin$577.76
• Ethereum: After Bitcoin, Ethereum is the second-largest cryptocurrency. Unlike Bitcoin, Ethereum wasn’t created to serve primarily as currency. Instead, it was designed as a decentralized computing platform, and it’s a popular tool for developers.
• Tether: Tether is a stablecoin, meaning its value is tied to another asset. In Tether’s case, its value is linked to the United States dollar. As a result, Tether tends to be less volatile than Bitcoin, but that also means it lacks Bitcoin’s growth.
Binance Coin: Binance Coin is a cryptocurrency that you can use on the Binance exchange ─ the largest cryptocurrency exchange based on trading volume. It can be used to buy other forms of cryptocurrency, pay Binance fees, or for payment processing.
#BinanceLaunchpoolHMSTR
#BTC☀
$BTC
Although Bitcoin is the most well-known cryptocurrency, it’s not the only investment option you have. When deciding where to invest your money, consider these alternatives:
BitcoinPrice per coin$63,612.01EthereumPrice per coin$2,623.13Tether (USDT)Price per coin$1.00Binance Coin (BNB)Price per coin$577.76
• Ethereum: After Bitcoin, Ethereum is the second-largest cryptocurrency. Unlike Bitcoin, Ethereum wasn’t created to serve primarily as currency. Instead, it was designed as a decentralized computing platform, and it’s a popular tool for developers.
• Tether: Tether is a stablecoin, meaning its value is tied to another asset. In Tether’s case, its value is linked to the United States dollar. As a result, Tether tends to be less volatile than Bitcoin, but that also means it lacks Bitcoin’s growth.
Binance Coin: Binance Coin is a cryptocurrency that you can use on the Binance exchange ─ the largest cryptocurrency exchange based on trading volume. It can be used to buy other forms of cryptocurrency, pay Binance fees, or for payment processing.
#BinanceLaunchpoolHMSTR
#BTC☀
$BTC
Cryptocurrency ETFs
A newer avenue for Bitcoin investment is through cryptocurrency exchange-traded funds (ETFs). While you don’t own Bitcoin directly with these ETFs, their performance mirrors that of Bitcoin.
Crypto ETFs allow for buying and selling shares via an investment brokerage account, eliminating the need for cryptocurrency storage or opening a separate crypto exchange account.
Invest in cryptocurrency-related stocks
For those hesitant about direct Bitcoin investment, consider investing in cryptocurrency-focused stocks. Options include publicly traded crypto exchanges, tech companies, and payment processors. These firms may use Bitcoin or incorporate it into their operations, allowing you to indirectly benefit from Bitcoin’s performance.
Is it a good time to invest in Bitcoin?
Bitcoin is still a relatively new asset, but it has displayed impressive past performance, and more and more companies are using it or accepting it as a payment method. As Bitcoin becomes more established, it may experience fewer fluctuations in price too.
“Bitcoin’s price volatility is steadily decreasing over the years,” said Brady Swenson, co-founder and head of product marketing at Swan Bitcoin. “As a far more liquid asset, its price volatility is lower than relatively illiquid cryptos.”
If you plan on holding onto your investment for the long haul, investing money into Bitcoin could be a good choice.
“It’s always a good time to invest in Bitcoin with a long-time horizon, [such as] 10 or more years,” said Swenson. “Cryptos are for gambling, not investing.”
#BinanceLaunchpoolHMSTR
#BTC☀
$BTC
A newer avenue for Bitcoin investment is through cryptocurrency exchange-traded funds (ETFs). While you don’t own Bitcoin directly with these ETFs, their performance mirrors that of Bitcoin.
Crypto ETFs allow for buying and selling shares via an investment brokerage account, eliminating the need for cryptocurrency storage or opening a separate crypto exchange account.
Invest in cryptocurrency-related stocks
For those hesitant about direct Bitcoin investment, consider investing in cryptocurrency-focused stocks. Options include publicly traded crypto exchanges, tech companies, and payment processors. These firms may use Bitcoin or incorporate it into their operations, allowing you to indirectly benefit from Bitcoin’s performance.
Is it a good time to invest in Bitcoin?
Bitcoin is still a relatively new asset, but it has displayed impressive past performance, and more and more companies are using it or accepting it as a payment method. As Bitcoin becomes more established, it may experience fewer fluctuations in price too.
“Bitcoin’s price volatility is steadily decreasing over the years,” said Brady Swenson, co-founder and head of product marketing at Swan Bitcoin. “As a far more liquid asset, its price volatility is lower than relatively illiquid cryptos.”
If you plan on holding onto your investment for the long haul, investing money into Bitcoin could be a good choice.
“It’s always a good time to invest in Bitcoin with a long-time horizon, [such as] 10 or more years,” said Swenson. “Cryptos are for gambling, not investing.”
#BinanceLaunchpoolHMSTR
#BTC☀
$BTC
What factors impact the price of Bitcoin?
Bitcoin’s prices rise and fall for a variety of reasons. While the price of stocks can fluctuate based on company performance or industry news, Bitcoin is affected by other factors:
• Bitcoin use: When a major company announces that it will begin accepting Bitcoin as a payment method, Bitcoin’s price tends to increase. In the past, Bitcoin’s price has increased significantly after companies Tesla, Ferrari, and Dell announced Bitcoin as an acceptable payment method.
• Economic conditions: Generally, Bitcoin isn’t affected as much by inflation or interest rate changes as stocks. However, cryptocurrencies usually perform well when the economy is in good shape. When people are relatively comfortable and feel confident in their financial stability, they’re more willing to invest in alternative assets. When the economy is in decline, people take fewer risks and may decrease how much they invest in Bitcoin and other cryptocurrencies.
• Regulatory activity: Because cryptocurrency is so new, regulations haven’t kept up. As the government outlines new laws and regulations, investors may become more wary of Bitcoin.
How to invest in Bitcoin
Investing in Bitcoin can take different forms.
Purchase Bitcoin through a crypto exchange
One of the most common ways to invest in cryptocurrency is by buying Bitcoin directly. This involves setting up an account with a cryptocurrency exchange, linking it to your bank account, and using your funds to purchase Bitcoin.
Open a Bitcoin IRA account
An alternative method to invest in Bitcoin is through a Bitcoin IRA. This is a tax-advantaged retirement account that allows investments in Bitcoin and other cryptocurrencies. Bitcoin IRAs offer the same tax benefits and contribution limits as traditional or Roth IRAs but with the added option of investing in alternative assets.
#BinanceLaunchpoolHMSTR
#BTC☀
$BTC
Bitcoin’s prices rise and fall for a variety of reasons. While the price of stocks can fluctuate based on company performance or industry news, Bitcoin is affected by other factors:
• Bitcoin use: When a major company announces that it will begin accepting Bitcoin as a payment method, Bitcoin’s price tends to increase. In the past, Bitcoin’s price has increased significantly after companies Tesla, Ferrari, and Dell announced Bitcoin as an acceptable payment method.
• Economic conditions: Generally, Bitcoin isn’t affected as much by inflation or interest rate changes as stocks. However, cryptocurrencies usually perform well when the economy is in good shape. When people are relatively comfortable and feel confident in their financial stability, they’re more willing to invest in alternative assets. When the economy is in decline, people take fewer risks and may decrease how much they invest in Bitcoin and other cryptocurrencies.
• Regulatory activity: Because cryptocurrency is so new, regulations haven’t kept up. As the government outlines new laws and regulations, investors may become more wary of Bitcoin.
How to invest in Bitcoin
Investing in Bitcoin can take different forms.
Purchase Bitcoin through a crypto exchange
One of the most common ways to invest in cryptocurrency is by buying Bitcoin directly. This involves setting up an account with a cryptocurrency exchange, linking it to your bank account, and using your funds to purchase Bitcoin.
Open a Bitcoin IRA account
An alternative method to invest in Bitcoin is through a Bitcoin IRA. This is a tax-advantaged retirement account that allows investments in Bitcoin and other cryptocurrencies. Bitcoin IRAs offer the same tax benefits and contribution limits as traditional or Roth IRAs but with the added option of investing in alternative assets.
#BinanceLaunchpoolHMSTR
#BTC☀
$BTC
*Current price of Bitcoin as of October 1, 2024*
Bitcoin remains the most popular cryptocurrency available to buy.
Bitcoin is the original cryptocurrency and remains the most popular crypto coin on the market, with a market capitalization of over $1.1 trillion. Like other cryptocurrencies, Bitcoin is vulnerable to extreme volatility and sudden price fluctuations. As of 9 a.m. Eastern time today, the price of Bitcoin (1 BTC) is $63,612.01, a difference of -0.64% from yesterday.
Price of Bitcoin yesterday
Bitcoin price$64,020.60
Percentage change-0.64%Price of Bitcoin 1 month ago
Bitcoin price$57,867.36
Percentage change+9.03%Price of Bitcoin 1 year ago
Bitcoin price$27,508.25
Percentage change+56.76%
Although Bitcoin was originally envisioned as a technology for payments, today most people consider it to be an investment asset—something to save in a Bitcoin IRA, for example.
As a decentralized, digital asset, Bitcoin is a popular investment choice for people who want to add alternative assets to their portfolios. Many find cryptocurrency appealing as a hedge against inflation or as a great way to get diversification. Bitcoin has experienced astronomical growth and has outpaced recent gains on major stock market indices, making it an attractive alternative.
Historical price of Bitcoin
Compared to blue chip stocks like Pfizer, Nike, or Nestle, Bitcoin is quite young. It was launched in 2009, and its price has skyrocketed.
In 2010, Laszlo Hanyecz, a software developer and an early believer in Bitcoin’s value, famously paid 10,000 Bitcoins for pizza. Today, those coins would be worth over $580 million.
Since then, Bitcoin’s price has continued to climb. At the beginning of 2024, its price was $44,187. By March 2024, its price reached its highest level ever, surpassing $73,079.
“The potential benefits of investing in crypto are potentially higher returns than a more traditional stock and bond portfolio may yield on its own,” said Drew Feutz, a certified financial planner (CFP).
#BTC☀
#BinanceLaunchpoolHMSTR
$BTC
Bitcoin remains the most popular cryptocurrency available to buy.
Bitcoin is the original cryptocurrency and remains the most popular crypto coin on the market, with a market capitalization of over $1.1 trillion. Like other cryptocurrencies, Bitcoin is vulnerable to extreme volatility and sudden price fluctuations. As of 9 a.m. Eastern time today, the price of Bitcoin (1 BTC) is $63,612.01, a difference of -0.64% from yesterday.
Price of Bitcoin yesterday
Bitcoin price$64,020.60
Percentage change-0.64%Price of Bitcoin 1 month ago
Bitcoin price$57,867.36
Percentage change+9.03%Price of Bitcoin 1 year ago
Bitcoin price$27,508.25
Percentage change+56.76%
Although Bitcoin was originally envisioned as a technology for payments, today most people consider it to be an investment asset—something to save in a Bitcoin IRA, for example.
As a decentralized, digital asset, Bitcoin is a popular investment choice for people who want to add alternative assets to their portfolios. Many find cryptocurrency appealing as a hedge against inflation or as a great way to get diversification. Bitcoin has experienced astronomical growth and has outpaced recent gains on major stock market indices, making it an attractive alternative.
Historical price of Bitcoin
Compared to blue chip stocks like Pfizer, Nike, or Nestle, Bitcoin is quite young. It was launched in 2009, and its price has skyrocketed.
In 2010, Laszlo Hanyecz, a software developer and an early believer in Bitcoin’s value, famously paid 10,000 Bitcoins for pizza. Today, those coins would be worth over $580 million.
Since then, Bitcoin’s price has continued to climb. At the beginning of 2024, its price was $44,187. By March 2024, its price reached its highest level ever, surpassing $73,079.
“The potential benefits of investing in crypto are potentially higher returns than a more traditional stock and bond portfolio may yield on its own,” said Drew Feutz, a certified financial planner (CFP).
#BTC☀
#BinanceLaunchpoolHMSTR
$BTC
3 Ways Bitcoin Could Impact The U.S. Economy
The narrative around bitcoin, once dominated by speculation and controversy, is gradually evolving. There is a growing interest in exploring its potential to positively impact the U.S. economy, championed by several pro-crypto politicians. Most recently, this perspective has also been actively promoted by the Republican presidential nominee Donald Trump, prompting broader public debate.
This momentum offers a good opportunity to assess whether this idea holds real economic merit. A closer exami
This momentum offers a good opportunity to assess whether this idea holds real economic merit. A closer exami
Bitcoin climbs above $60,000 ahead of Fed rate decision
Bitcoin reclaimed $60,000 on Tuesday as investors awaited details of the Federal Reserve’s rate cutting plans.
The price of the flagship cryptocurrency was last higher by 4.3% at $60,394.41, according to Coin Metrics. At one point, it rose as high as $61,335.83. It got an initial lift on Monday night as former President Donald Trump unveiled his new crypto venture, World Financial Liberty Coin.
Bitcoin breached the $60,000 level Tuesday morning as the Federal Reserve kicked off its two-day pol
The price of the flagship cryptocurrency was last higher by 4.3% at $60,394.41, according to Coin Metrics. At one point, it rose as high as $61,335.83. It got an initial lift on Monday night as former President Donald Trump unveiled his new crypto venture, World Financial Liberty Coin.
Bitcoin breached the $60,000 level Tuesday morning as the Federal Reserve kicked off its two-day pol
Trump to unveil crypto project amid scams and fears of ‘huge embarrassment’
Former US President Donald Trump plans to unveil a brand new crypto project next week that has already been plagued by scams and targeted by cyber criminals.
The Republican candidate will reveal the World Liberty Financial project from his Mar-a-Lago resort in Florida on Monday, claiming it will revolutionise finance and “leave the slow and outdated big banks behind”.
Former US President Donald Trump plans to unveil a brand new crypto project next week that has already been plagued by scams an
The Republican candidate will reveal the World Liberty Financial project from his Mar-a-Lago resort in Florida on Monday, claiming it will revolutionise finance and “leave the slow and outdated big banks behind”.
Former US President Donald Trump plans to unveil a brand new crypto project next week that has already been plagued by scams an
US Spot Bitcoin ETFs See $263M in Inflows, Largest Single-Day Increase Since July 22
On Friday, U.S. spot Bitcoin exchange-traded funds (ETFs) saw a surge in inflows, with net purchases reaching $263 million.
This marks the largest single-day inflow since July 22, driven by renewed interest as Bitcoin climbed above $60,000, a 12% increase over the past week.
Leading the pack was Fidelity’s Bitcoin ETF (FBTC), which attracted around $102 million in fresh capital, bringing its total weekly inflows to $218 million.
The strong recovery followed two consecutive weeks of negative p
This marks the largest single-day inflow since July 22, driven by renewed interest as Bitcoin climbed above $60,000, a 12% increase over the past week.
Leading the pack was Fidelity’s Bitcoin ETF (FBTC), which attracted around $102 million in fresh capital, bringing its total weekly inflows to $218 million.
The strong recovery followed two consecutive weeks of negative p
SEC’s Aggressive Crypto Stance Resulted in $15 Billion Loss, Claims John Deaton
John Deaton, a well-known pro-crypto attorney and U.S. Senate candidate, has accused the Securities and Exchange Commission (SEC) of causing significant financial harm to small investors through its regulatory approach to cryptocurrencies.
In a recent post on X, Deaton said the SEC’s actions have led to losses exceeding $15 billion for retail investors.
Deaton, who has represented thousands of XRP holders in legal proceedings, claimed the SEC’s enforcement practices amounted to “gross overreac
In a recent post on X, Deaton said the SEC’s actions have led to losses exceeding $15 billion for retail investors.
Deaton, who has represented thousands of XRP holders in legal proceedings, claimed the SEC’s enforcement practices amounted to “gross overreac
Experts Warn Slow Regulatory Moves May Stifle Crypto Growth in Hong Kong
As Hong Kong seeks to establish itself as a global cryptocurrency hub, experts are warning that the city’s cautious regulatory approach could hinder its growth in the rapidly evolving digital assets sector.
In a recent interview, First Digital Trust, a Hong Kong-based crypto firm, expressed concerns over the slow pace of regulation, emphasizing the need for faster progress to keep up with industry developments.
Currently, only two fully licensed virtual asset trading platforms, Hash Blockchain
In a recent interview, First Digital Trust, a Hong Kong-based crypto firm, expressed concerns over the slow pace of regulation, emphasizing the need for faster progress to keep up with industry developments.
Currently, only two fully licensed virtual asset trading platforms, Hash Blockchain
New Crypto Mining Hub? Russian Region to Build 15 New Data Centers
Crypto MiningRussia
First two centers in Mikun and Sindor will cost a combined total of $27.6 million
Russia’s crypto pivot is continuing apace, with the northeastern region of Komi Republic announcing plans to build 15 new crypto mining data centers.
Per a report from TASS, the Komi regional governor Vladimir Uyba said the first two of the 15 new data centers will be built in Mikun and Sindor.
Crypto Mining Hub: Russia Ready to Welcome More Miners?
Uyba said that investors have backed the
First two centers in Mikun and Sindor will cost a combined total of $27.6 million
Russia’s crypto pivot is continuing apace, with the northeastern region of Komi Republic announcing plans to build 15 new crypto mining data centers.
Per a report from TASS, the Komi regional governor Vladimir Uyba said the first two of the 15 new data centers will be built in Mikun and Sindor.
Crypto Mining Hub: Russia Ready to Welcome More Miners?
Uyba said that investors have backed the
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