BTC in the spotlight: latest news

Bitcoin's price rebounded as new inflation data eased concerns over interest rates, attracting buyers back to the spot markets. The September Consumer Price Index (CPI) was reported lower than anticipated, boosting market confidence.

Michael Saylor mocked JPMorgan Chase & Co. after the bank announced on October 24 that it will allow institutional clients to use Bitcoin (BTC) and Ether (ETH) as collateral for loans.

SpaceX is consolidating its Bitcoin holdings by transferring the cryptocurrency from older wallet addresses to new, more modern ones, according to Arkham.

Bitcoin's price may be poised for a breakout, as key support levels remain intact. Charts indicate that the cryptocurrency could soon retest the range of $118,000 to $120,000 following a volatile week.

Alex Sohn, head of research at Galaxy Digital, cautioned that a drop in Bitcoin's price below $100,000 could lead to considerable uncertainty in the market.

Bitcoin traders experienced a week of intense competition, with sellers consistently limiting price breakouts at $112,000 while buyers attempted to push the price higher. This ongoing compression in Bitcoin's price may lead to significant expansion, raising speculation that BTC could surge towards $120,000.

Selecting a regulated Bitcoin mining platform that utilizes renewable energy and offers verifiable contracts is essential for achieving sustainable mining success.

Bitcoin's price has increased following positive inflation data, which has heightened market expectations that the Federal Reserve will implement rate cuts in its final two meetings of the year.

Bitcoin (BTC) is nearing a critical resistance level at $112,000, which may determine its next significant movement. Traders are closely monitoring the situation as BTC approaches this key threshold. A successful breakout above this level could lead to a potential rally toward $135,000.

JPMorgan Chase & Co. intends to enable institutional clients to utilize their Bitcoin and Ether holdings as collateral for loans by the end of the year.

Analysts maintain that Bitcoin's long-term structure remains stable, with the dolphin cohort actively accumulating the cryptocurrency. One firm has set an ambitious price target of $200,000 for Bitcoin by Christmas, anticipating a strong performance in the fourth quarter.

Smart money investors are liquidating their Bitcoin short positions, indicating that the largest cryptocurrency may soon experience a bullish reversal.

Bitcoin (BTC) temporarily rose to $111,000, currently trading at $111,216.14. This marks a 3.33% increase from the previous day, according to the Binance Tether (USDT) market.

As October comes to an end, Bitcoin (BTC) remains stable above significant support levels around $63,000. Traders are looking for signs of a potential breakout in the coming days.

Digital asset treasury companies, which are public entities that allocate cryptocurrency to offer stock investors exposure to digital assets, have shown a significant preference for Ethereum over Bitcoin in a key investing metric.

Global M2 growth accounts for over half of Bitcoin's price variance, reinforcing Bitcoin's position as a hedge against money printing.

Since its inception in 2009, Bitcoin has experienced three market cycles, each approximately four years in duration. Analysts are currently divided on whether this four-year cycle remains relevant and are debating the future direction of Bitcoin's price.

Bitcoin remains stable after a notable rally on Tuesday, while Ethereum is experiencing unusual volatility in contrast to Bitcoin. Solana, on the other hand, is making significant gains amidst the backdrop of developments in China and the White House.

Crypto markets experienced a modest rally on Thursday, driven by significant gains in the stock market and a U.S. presidential pardon for Binance founder Changpeng Zhao.

Gold has reached a new record price of $4,370, surpassing Bitcoin's performance this year. Analysts believe that the movement in gold prices could have positive implications for Bitcoin's market outlook.

A Bitcoin wallet from the Satoshi era, dormant for 14 years, has recently transferred $16 million in BTC. This movement has ignited speculation in the market and raised concerns about potential price fluctuations.