Bitcoin Price Financial News

Bitcoin (BTC) hit new October lows after the Oct. 11 Wall Street open, as one analyst hailed the “final stage” of the cryptocurrency bear market.

Bitfinex's parent company iFinex has proposed to buy back $150 million worth of the company’s shares from users who were offered these shares as part of compensation for the $71 million hack on the Bitfinex crypto exchange in 2016, reported Bloomberg.

Bitcoin (BTC) broke lower on Oct. 11 as $27,000 saw its first real test since the start of the month.

New details came to light on October 10 in the ongoing trial of former FTX CEO Sam Bankman-Fried. Caroline Ellison, Bankman-Fried's ex-girlfriend and former head of affiliated firm Alameda Research, took the stand to deliver key testimony for the prosecution.

Bitcoin (BTC) traders are displaying behavior similar to the 2022 bear market bottom as “uncertain” sentiment rules, new research argues.

Bitcoin (BTC) ground higher on Oct. 10 after the start of legacy market trading saw “de-risking” take over.

Toncoin, Polygon, and Dogecoin were trading with cuts. Bitcoin was up 0.65% at $27,624 as of 12:47 p.m., while Ethereum was below the $1,650 level. «Bitcoin has been trading around the $27,700 level, possibly because of traditional markets calming down following a cooling US labor market,» Edul Patel, CEO of Mudrex, said. Ahead of the official US Non-farm payroll data this Friday, September's US Private Payroll data indicated a rise of 89,000 jobs instead of the projected 153,000 jobs.

Bitcoin (BTC) starts the second week of October up 4% month-to-date as geopolitical instability provides a snap market focus.

Bitcoin (BTC) kept up renewed pressure on $28,000 into the Oct. 8 weekly close as geopolitical uncertainty entered traders’ radar.

cryptocurrency market cap declined 0.89% to around $1.08 trillion in the last 24 hours. Bitcoin was down 0.7% at $27,397 as of 11:27 p.m., while Ethereum was below the $1,650 level. BNB, Solana, Cardano, Toncoin, Polkadot, and Litecoin were trading in the red, while XRP and Tron were trading in the green. «BTC and Ethereum prices have experienced a slight decrease in the past 24 hours. This dip is attributed to rising U.S. bond yields and overbought signals, which have put pressure on Bitcoin,» said CoinDCX Research Team.

Bitcoin (BTC) saw a snap retest of $27,000 around the Oct. 6 Wall Street open as wildcard United States employment data rattled markets.

Bitcoin (BTC) eased volatility into Oct. 6 as BTC price downside preparations returned.

Bitcoin (BTC) rejected at $28,000 after the Oct. 5 Wall Street open as a return toward six-week highs failed.

On Oct. 2, the price of Bitcoin (BTC) saw a 5.5% intraday increase to $28,600, but the largest cryptocurrency by market capitalization lost momentum as the highly anticipated launch of Ether (ETH) futures exchange-traded funds (ETFs) failed to generate significant trading volumes. 

Bitcoin (BTC) is beating inflation better than the U.S. dollar, the Federal Reserve says — unintentionally.

cryptocurrency market cap declined 2% to around $1.09 trillion in the last 24 hours. Bitcoin was down 1.8% at $27,617 as of 12:38 p.m., while Ethereum was below the $1,700 level. «Bitcoin’s price rose above $28,000, the highest level in the last 30 days, before consolidating around $27,500. This price movement could be because of the U.S. 10-year Treasury yield soaring another 11 basis points to 4.69%, slightly affecting the gains caused by positive indicators like the Ether futures ETFs approvals by the U.S. SEC,» said Edul Patel, CEO and co-founder of Mudrex. Meanwhile, Shubham Hudda, Senior Manager at CoinSwitch Markets Desk, said, «Bitcoin momentarily broke above the extremely important resistance of $28.5k, which is the 50-day Exponential Moving Average (50EMA) as well, before bears took the grip and BTC fell back to around $27.5k. This volatility means that the market saw its highest volumes in more than a month. More volumes will attract more traders to the market.»

Bitcoin (BTC) stayed glued to $27,500 at the Oct. 4 Wall Street open as attention continued to focus on rampant United States yields.

Bitcoin (BTC) flipping full bull could come courtesy of the United States government, a new prediction says.

Bitcoin’s (BTC) price bull run towards $28,000 on Oct. 1 was partially fueled by the uncertainty regarding the United States debt limit. However, the U.S. President Joe Biden signed the spending bill just hours before the Sept. 30 deadline, avoiding a government shutdown. 

Bitcoin (BTC) hit six-week highs to start October, but some forecasts still see the BTC price returning to $20,000.

Over the past 12 months, some investors learned the hard way why they needed to move their crypto offline. Those who kept Bitcoin (BTC) and altcoins on crypto exchanges like FTX lost control of their assets, sometimes forever. Events drew a red line under the storied crypto adage: “Not your keys, not your coins.”