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South Korean financial authorities solicit reports on unlicensed crypto exchanges
Financial regulators in South Korea have opened a window of time for people to come forward and report any unlicensed cryptocurrency exchanges operating in the country.
Bitcoin market cap overtakes Berkshire Hathaway, soars past $800B
Bitcoin is now the 10th-biggest asset by market cap, following Meta (formerly Facebook) and Nvidia.
Bitcoin breaks $41K as gold price reaches new all-time high
The price of gold has broken through a new all-time high, surpassing the significant level of $2,100 during the Asian session on Monday, Dec. 4. Meanwhile, Bitcoin (BTC) has also surged above $41,000 for the first time in 19 months.
BTC/USD (blue) vs. gold price (orange) Source: TradingviewBitcoin price breaks $40K...and $41K
Bitcoin has made a triumphant return to the $40,000 threshold, a figure unseen since the heights of April 2022. This included a swift 2% jump over 24 hours, marking a 19-month peak for the cryptocurrency.
What's more, Bitcoin has now risen over 140% since the beginning of the year.
Insights from Matrixport’s research head, Markus Thielen, suggest an even brighter future. With historical trends of post-bear market bull cycles and upcoming Bitcoin halving events as a backdrop, projections place Bitcoin at over $60,000 by April next year and as high as $125,000 by the end of 2024.
Related: BTC price models hint at $130K target after 2024 Bitcoin halving
Bitcoin breaks $41K as gold price reaches new all-time high
Bitcoin price is surging in lockstep with gold as the precious metal hits a new historic high, suggesting investors are preparing for stock market turmoil.
Bitcoin prices should ‘logically’ correct in January, but crypto’s a ‘wild card’
Bitcoin should “logically” be headed for a “sell-the-news” correction in January, according to analysts, but that doesn’t mean that’s how it’s going to shake out.
Safe Wallet scammer steals $2M through 'address poisoning' in one week
A malicious actor behind at least $5 million in crypto theft through “address poisoning" significantly ramped up attacks against Safe Wallet users in the last week.
Bitcoin is of ‘national strategic importance’ says US Space Force officer
U.S. Space Force Major Jason Lowery wants the U.S. military to prioritize the investigation of proof-of-work systems like Bitcoin for the country’s defense.
Bitcoin is of ‘national strategic importance’ says US Space Force officer
U.S. Space Force Major Jason Lowery wants the U.S. military to prioritize the investigation of proof-of-work systems like Bitcoin for the country’s defense.
Bitcoin tops $40K for first time in 19 months, Matrixport tips $125K in 2024
Bitcoin has hit a 19-month high, and Matrixport predicts it will keep climbing well into next year.
Binance is now ‘totally different’: Interview with CEO Richard Teng
In a one-on-one interview with Cointelegraph, the new CEO of Binance takes stock of the exchange’s future following a landmark $4.3 billion settlement with United States authorities.
Bitcoin price surge toward $40K boosts sentiment in KAS, RUNE, MNT and RNDR
Bitcoin (BTC) finally broke above the formidable resistance of $38,000 in the past week and marched closer to $40,000. This move shows that Bitcoin’s trajectory remains up. The bulls will try to maintain the momentum and achieve a strong close to the year, while the bears will try to pull the price down.
The major tailwind for Bitcoin is the expectation that the United States Securities and Exchange Commission (SEC) will approve a spot Bitcoin exchange-traded fund as early as January. Swan Bitcoin CEO Cory Klippsten said in an interview with Bloomberg that the window for the approval for the spot Bitcoin ETF “seems to have been narrowed to January 8th, 9th, or 10th.”
Crypto market data daily view. Source: Coin360Several analysts expect Bitcoin’s price to soar after one or more spot Bitcoin ETFs are greenlighted. However, traders need to look out for the sell-off after the initial knee-jerk reaction to the upside. The trend of selling into strength after the event has occurred is generally seen in legacy markets, leading to the popular adage “buy the rumor, sell the news.”
Could Bitcoin's rise near $40,000 boost buying in altcoins? Let’s look at the charts of the top 5 cryptocurrencies that may attract investors.
Bitcoin price analysis
Bitcoin rose and closed above the overhead resistance of $37,980 on Dec. 1, which completed the bullish ascending triangle pattern. This setup has a target objective of $41,160.
Bitcoin price surge toward $40K boosts sentiment in KAS, RUNE, MNT and RNDR
Bitcoin (BTC) finally broke above the formidable resistance of $38,000 in the past week and marched closer to $40,000. This move shows that Bitcoin’s trajectory remains up. The bulls will try to maintain the momentum and achieve a strong close to the year, while the bears will try to pull the price down.
The major tailwind for Bitcoin is the expectation that the United States Securities and Exchange Commission (SEC) will approve a spot Bitcoin exchange-traded fund as early as January. Swan Bitcoin CEO Cory Klippsten said in an interview with Bloomberg that the window for the approval for the spot Bitcoin ETF “seems to have been narrowed to January 8th, 9th, or 10th.”
Crypto market data daily view. Source: Coin360Several analysts expect Bitcoin’s price to soar after one or more spot Bitcoin ETFs are greenlighted. However, traders need to look out for the sell-off after the initial knee-jerk reaction to the upside. The trend of selling into strength after the event has occurred is generally seen in legacy markets, leading to the popular adage “buy the rumor, sell the news.”
Could Bitcoin's rise near $40,000 boost buying in altcoins? Let’s look at the charts of the top 5 cryptocurrencies that may attract investors.
Bitcoin price analysis
Bitcoin rose and closed above the overhead resistance of $37,980 on Dec. 1, which completed the bullish ascending triangle pattern. This setup has a target objective of $41,160.
Bitcoin price surge toward $40K boosts sentiment in KAS, RUNE, MNT and RNDR
Bitcoin’s recent rally toward $40,000 could further fuel traders' bullish sentiment for KAS, RUNE, MNT and RNDR.
Crypto Biz: UAE’s regulatory structure draws crypto firms, Canaan’s revenue slumps, and more
The United Arab Emirates increasingly attracts Web3 companies to its jurisdictions, becoming the center of global crypto innovation.
How blockchain improves daily healthcare routine, explained
Blockchain enhances daily healthcare by securing patient data, streamlining coordination and minimizing errors for efficient care delivery.
BTC price nears $40K as as Bitcoin trader eyes return to all-time high
Bitcoin (BTC) held closer to the $40,000 mark on Dec. 3 after weekend gains reinforced a “strong” uptrend.
BTC/USD 1-hour chart. Source: TradingViewBitcoin leaves $60 million in shorts hanging
Data from Cointelegraph Markets Pro and TradingView tracked a fresh BTC price surge, which took BTC/USD to new 2023 highs of $39,730.
These built on upward momentum, which had entered days prior, as Bitcoin hit $39,000 for the first time since mid-2022.
With derivatives leading into the end of the Wall Street trading week, commentators had argued that spot buyers needed to step up to maintain momentum. Events ultimately took an unexpected turn, with a snap surge across Bitcoin and altcoins wiping previous resistance.
In part of coverage on X (formerly Twitter), popular trader Skew suggested that “someone just ran all shorts across the board seemingly on most pairs.”
BTC price nears $40K as as Bitcoin trader eyes return to all-time high
Bitcoin beats out sellers to liquidate $60 million of shorts in two days, with BTC price acting just several hundred dollars from $40,000.
3 reasons why Chainlink price can rally another 20% by New Year's
Chainlink (LINK) price has rebounded by over 240% from its yearly low of around $4.70 in June 2023. It may rise further still in the coming days and weeks, according to a slew of on-chain and technical indicators, as discussed below.
LINK price nears ascending triangle breakout
LINK's price has been consolidating inside what appears to be an ascending triangle pattern since November 2023.
Ascending triangles are bullish continuation patterns when formed during an uptrend. They resolve when the price breaks above the upper trendline and rises by as much as the maximum distance between the upper and lower trendlines.
It appears LINK eyes a similar breakout scenario in December 2023, now treading around the triangle's upper trendline near $16. Suppose it rises decisively above the said resistance level. Then, its triangle breakout target will come to be over $19.50, up 20% from current price levels.
Thus, if it rises decisively above the said resistance level then its triangle breakout target will be over $19.50, up 20% from current price levels.
3 reasons why Chainlink price can rally another 20% by New Year's
Chainlink (LINK) price has rebounded by over 240% from its yearly low of around $4.70 in June 2023. It may rise further still in the coming days and weeks, according to a slew of on-chain and technical indicators, as discussed below.
LINK price nears ascending triangle breakout
LINK's price has been consolidating inside what appears to be an ascending triangle pattern since November 2023.
Ascending triangles are bullish continuation patterns when formed during an uptrend. They resolve when the price breaks above the upper trendline and rises by as much as the maximum distance between the upper and lower trendlines.
It appears LINK eyes a similar breakout scenario in December 2023, now treading around the triangle's upper trendline near $16. Suppose it rises decisively above the said resistance level. Then, its triangle breakout target will come to be over $19.50, up 20% from current price levels.
Thus, if it rises decisively above the said resistance level then its triangle breakout target will be over $19.50, up 20% from current price levels.