Bitcoin Bulls Eye $94K Breakout Ahead of Crucial FOMC Rate Cut Decision

Bitcoin Magazine Bitcoin Bulls Eye $94K Breakout Ahead of Crucial FOMC Rate Cut Decision Bitcoin closed the week at $90,429 after testing $84,000 support and $94,000 resistance, with bulls now banking on Wednesday's FOMC meeting for a rate cut to fuel upward momentum toward $101,000.

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Bitcoin price prediction: will BTC rise or fall after Fed rate cuts

Bitcoin price has held steady above the important support level at $115,000 as traders waited for the closely-watched Federal Reserve interest rate decision and as inflows to its exchange-traded funds jumped.

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Bitcoin (BTC) Price Prediction: Bitcoin Bulls Eye $116K as Fed Rate Cut Bets Trigger Breakout Hopes

Bitcoin (BTC) is holding firm above $111,800, showing signs of strength as traders grow optimistic about potential Federal Reserve rate cuts and rising institutional demand.

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Bitcoin daily transaction fees hit lowest since 2011, Fed rate cut talk signals a local top

Bitcoin transaction fees plummeted to their lowest levels in over a decade, with social sentiment around Federal Reserve rate cuts reaching a fever pitch.

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‘Bitcoin is the hurdle rate’: What does it mean in the age of crypto?

Phrases like “Bitcoin is the hurdle rate” and “Bitcoin is the new hurdle rate” frequently re-occur in the Bitcoin communities, often without a context. In short, this motto means that Bitcoin is the best benchmark for investment: avoid investing in…

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The Fed Blinked — The Bitcoin Bull Run Return Is Now Inevitable

On Wednesday, the US Federal Reserve decided to leave its benchmark interest rate unchanged in the 4. 25%–4. 5% range – and Bitcoin reacted instantly. The pause, while widely anticipated, came with a slightly revised outlook that includes a slower timeline for future rate cuts and a notable adjustment to the central bank’s balance sheet reduction pace.

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Why this Bitcoin proxy is a ‘buy’ even if the Fed holds rates steady today

The US Federal Reserve is broadly expected to leave its key rate unchanged as it announces its policy decision on Wednesday, January 29th. Rate cuts tend to be meaningfully positive for Bitcoin as they make bonds and saving accounts less attractive, making investors look for better returns in the risk-on assets like cryptocurrencies. Still, a […]

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Bitcoin price drops 1.5% on Fed rate cut gloom as $88K remains in play

Bitcoin ends a run of 14 consecutive green candles as markets price out the odds of further interest rate cuts in 2025.

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Bitcoin Dogs (0DOG) price forecast as BTC eyes $70K on Fed rate decision and ETF flows

Bitcoin jumped nearly 4% in the past day to trade above $60. 42K at press time. Enhanced sentiments toward the upcoming Federal rate decision, the US economy, and US Bitcoin spot ETF flows drove BTC’s jump.

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Bitcoin rebounds past $61,000 amid Fed rate cut speculation

Bitcoin surged almost 6% to above $61,000 before losing momentum as anticipation builds ahead of the Federal Reserve’s key interest rate decision on Sept. 18. This marks the end of a brief three-day dip, where Bitcoin slid from its recent two-week high before rebounding.

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Sub $50K Bitcoin correction remains in play as whales look to sell BTC

Bitcoin could experience more downward pressure leading up to the Sept. 18 US interest rate cut, but will it fall below $50,000 this weekend?

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Bitcoin’s hash rate stabilizes at historic highs post-halving, signaling strong miner confidence

Onchain Highlights DEFINITION: The average estimated number of hashes per second produced by the miners in the network. Bitcoin’s mean hash rate has demonstrated consistent growth over the past year, with significant increases observed in 2024.

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Why is Bitcoin hash rate so important for its security?

Bitcoin’s hash rate is a critical metric that measures the computational power used to mine and process transactions on the Bitcoin network. It is expressed in hashes per second (h/s), with standard denominations including kilohashes (kH/s), megahashes (MH/s), gigahashes (GH/s), terahashes (TH/s), petahashes (PH/s), and exahashes (EH/s).

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Crypto On Watch: Will ECB Rate Cut Fuel Bitcoin Rally?

Bitcoin prices are set to surge following the European Central Bank’s (ECB) decision to initiate its first interest rate cut in five years yesterday. The unanimous vote by all 20 national representatives slashed rates by 0.

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Is Bitcoin’s Rally Over? Leverage Drops As Halving Highs Fade: Report

Recent trends in the crypto market have indicated a notable shift in trader behavior, particularly among those investing in Bitcoin. Using data from CryptoQuant, Bloomberg has revealed that the Bitcoin funding rate—the cost for traders to open long positions in Bitcoin’s perpetual futures—has turned negative for the first time since October 2023.

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Bitcoin is Pricing in Two Fed Rate Cuts for 2024, Trader Says

Bitcoin is stable as Asia begins its trading day, but crypto quant shop sees risk assets pricing in two, not three rate cuts.

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Marathon CEO hints at sovereign contributions to Bitcoin’s burgeoning hash rate

Quick Take The Bitcoin network is experiencing a remarkable surge in its hash rate, a crucial metric that reflects the computing power dedicated to processing transactions and maintaining the blockchain.

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Bitcoin’s hash rate surges as 2024 halving draws near

Quick Take Bitcoin’s hash rate, an essential indicator of network health and security, is in a robust upward trajectory, comfortably exceeding the 400 exahashes per second (eh/s) mark on a 30-day moving average.

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Bitcoin miner balance decline mirrors drop in hash rate, triggering market caution

Quick Take The recent downturn in Bitcoin can be seen in the fluctuations witnessed in the miner balance. Last week, the Bitcoin hash rate saw a 5% drop from its peak value of 400 eh/s. This was concurrent with an anticipated decline of around 3.

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Bitcoin (BTC) Price Jumps Past $29,000 Soon after Fed Rate Hike

Coinspeaker Bitcoin (BTC) Price Jumps Past $29,000 Soon after Fed Rate Hike Amid the unfolding banking crisis and interest rate hikes, Bitcoin has been showing strong resilience attempting another breakout above $30,000.

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Bitcoin metrics to the moon: ATH for hash rate, daily transactions and Ordinals

While the Bitcoin hash rate briefly touches new highs, Bitcoin Ordinals contribute to daily transactions exceeding 500,000.

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Theories abound as Bitcoin hash rate records unprecedented rise

Hodlonaut — aka Magnus Granath — asked the Bitcoin community where the flood of additional hash rate was coming from expressing concern at the recent spike. The post Theories abound as Bitcoin hash rate records unprecedented rise appeared first on CryptoSlate.

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Bitcoin price falls after US job figures

517K+ new jobs were created in January, pushing the unemployment rate to 3.4%. Bitcoin fell to $23,370 shortly after the news was announced.

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What is the Bitcoin hash rate? And why is at all-time highs?

Key Takeaways The Bitcoin hash rate is the amount of computing power contributed towards mining It has continued to take new all-time highs This squeezes miners’ profitability, at a time when electricity costs have risen and the Bitcoin price has fallen Overall, a high hash rate implies a healthy and more secure Bitcoin network   […] The post What is the Bitcoin hash rate? And why is at all-time highs? appeared first on CoinJournal.

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Bitcoin hash rate taps new milestone with miner hodling at 1-year low

Data shows that Bitcoin miners’ BTC reserves are at their lowest since December 2021, despite a dramatic hash rate renaissance.

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Bitcoin exchange rate has strengthened by almost 23% in a week

Bitcoin has been consolidating since mid-December. Capital refused to enter the cryptosphere after the decision of the Federal Reserve System to increase the discount rate. The US stock market was also under strong pressure, which persisted until early January.

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Bitcoin Price Eyes Fresh Upside Break After Fed Interest Rate Hike

Bitcoin price dipped a few points against the US Dollar after the fed rate hike. BTC remained supported and might eye a fresh increase above the $20,500 resistance. Bitcoin corrected further lower and tested the $20,000 support zone.

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Bitcoin price plummets while miner hash rate soars to all-time highs

The overall security of the Bitcoin protocol, or hash rate, hit a new high of 158 exahash per second despite the price being down over 50% year to date.

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Bitcoin’s hash rate surges despite persistent economic uncertainty

CoinWarz shows the Bitcoin hash rate continues to explode, hitting a new all-time high of 270 EH/s on Monday before settling around the 220 EH/s today. The post Bitcoin’s hash rate surges despite persistent economic uncertainty appeared first on CryptoSlate.

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Higher interest rate concerns put a dampener on Bitcoin, says analyst

Market’s speculation of the US Federal Reserve’s interest rate hikes continues to hinder Bitcoin,… The post Higher interest rate concerns put a dampener on Bitcoin, says analyst appeared first on Coin Journal.

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As Bitcoin Turns 13, The Network Is More Secure Than Ever

It would take an attacker with 100% of current hash rate over two years to rewrite the Bitcoin blockchain, an all-time high.

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Bitcoin hash rate returns to all-time high levels

After the global hash rate of Bitcoin dropped to as low as 84 EH/s in June, the network has since recovered to sit at around 175 EH/s this week.

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Bitcoin Dominance Rate (BTCD) Falls, Leading to Gains for Altcoins

The Bitcoin dominance rate (BTCD) is approaching its yearly lows and could eventually fall towards a new all-time low below 35% The post Bitcoin Dominance Rate (BTCD) Falls, Leading to Gains for Altcoins appeared first on BeInCrypto.

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Bitcoin Dominance Rate (BTCD) Pulls Back, Allowing Altcoins to Flourish

The Bitcoin Dominance Rate (BTCD) has possibly reversed trend after its Sept 10 low and began a new upward movement. The post Bitcoin Dominance Rate (BTCD) Pulls Back, Allowing Altcoins to Flourish appeared first on BeInCrypto.

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Bitcoin pinned below $38K as investors stash record $756 billion with Fed

Bitcoin bulls ducked for cover as the Federal Reserve started paying interest rate returns on cash deposits via its reverse repurchase program.

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How Another Chinese Power Outage May Have Led to Bitcoin’s Flash Crash This Week

Earlier in April, an accident at a Chinese coal mine in Xinjiang sent Bitcoin network’s hash rate plummeting 30% in a span of a day, which crippled the major cryptocurrency’s rally.  Now, Bitcoin’s hash rate is suffering a similar loss as miners based in Sichuan, China face limitations on power usage.  The State Grid in […]

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Bitcoin funding rate flips negative after $48K retest — Was it a bear trap?

Bitcoin price is more than 20% away from its all-time high, but the current negative funding rate on BTC futures might give bulls a unique advantage.

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Bitcoin’s average hash rate trending at a new high

Glassnode data shows that the hash rate on the Bitcoin network has reached a… The post Bitcoin’s average hash rate trending at a new high appeared first on Coin Journal.

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Bitcoin bulls struggling around $35,000 even as network hash rate rises

Bitcoin (BTC) hash rate sees 155.4 EH/s even as Bitcoin trades below a declining… The post Bitcoin bulls struggling around $35,000 even as network hash rate rises appeared first on Coin Journal.

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Analyst: Hash rate signal that preceded Bitcoin’s recent 100% rally will soon appear

The Bitcoin hash rate dove strongly in late October.

The post Analyst: Hash rate signal that preceded Bitcoin’s recent 100% rally will soon appear appeared first on CryptoSlate.

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Bitcoin Dominance Rate Breaks Down From Long-Term Support

The Bitcoin dominance rate (BTCD) has broken down from a long-term support level. A bounce near 59% is expected before the downward trend resumes. Bitcoin Dominance Rate Woes The Bitcoin dominance rate has been decreasing since May 8 when it reached a high just below 70%.

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A Detailed Look at the Bitcoin Dominance Rate

The Bitcoin dominance rate (BTCD) has broken down from a long-term rising support line. Unless it successfully reclaims the 66. 5% resistance area, the trend remains bearish. Double Bottom The Bitcoin dominance rate has been gradually increasing since June 24.

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Max Keiser: US Hash Rate War With Iran Can Send Bitcoin Price to $500K

The “Mona Lisa of the 21st century” will come of age as Trump competes with Maduro and Ayatollah Khomeini for Bitcoin hash rate, Keiser says.

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As Bitcoin Decreases, Its Dominance Rate Moves Upward

On June 11, the Bitcoin price was rejected by the $10,000 resistance area and has been decreasing since, briefly falling below $9,500. Interestingly enough, this decrease in Bitcoin price has caused a slight increase in the Bitcoin dominance rate.

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Bitcoin (BTC) Hash Rate Skyrockets, Targets New All-Time High

While Bitcoin?s difficulty is close to its 2019 levels, the hash rate of the flagship blockchain spiked. Why is this meaningful?

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Will the Bitcoin Dominance Rate Increase Spell Doom for Altcoins?

The Bitcoin dominance rate (BTCD) has broken out above an important resistance area and validated it as support. As long as it is trading above it, its price movement is considered bullish. The Bitcoin dominance rate has been increasing along with Bitcoin, causing alt/btc pairs to decrease towards their all-time lows.

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Bitcoin Now Has A Lower Inflation Rate Than Gold After Successfully Undergoing Its Third-Ever Halving

The block reward halving for the pioneer cryptocurrency, which was definitely the most awaited event this year has finally taken place. As a result, the rate at which new bitcoin’s are minted has just reduced by 50% for the third time in the coin’s history.

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Bitcoin rises to $10,000 amid financial crisis concerns

The bitcoin exchange rate temporarily exceeded $10,000 four days before halving. On 12 May, the inflation rate in the bitcoin network is scheduled to decrease from 3.6% to 1.8%.

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Data Snippet - Bitcoin Hash Rate hits an all-time high

The Bitcoin hash rate spiked to 267 Billion Gigahashes per second on 3rd May 2020, at 11 am UTC, which is the result of significant network growth approaching the next Bitcoin block reward halving in approximately 8 days.

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A Week from Halving, Bitcoin Hash Rate Breaks New Record

Bitcoin’s hash rate has climbed above its previous all-time high thanks to the latest rally in price. But with volatility a given in the Bitcoin market, the mining industry is... The post A Week from Halving, Bitcoin Hash Rate Breaks New Record appeared first on Crypto Briefing.

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