BTC Markets News

Open Interest surged to $3.22 billion Thursday to levels not seen since February.

Tesla’s Bitcoin stash is now worth $1 billion more than when Elon Musk approved the purchase in February.

ETH/BTC dropped below its 200-day exponential moving average for the first time since March 2020, raising risks of more downside.

The bullish analogy appears as Bitcoin reserves across all the crypto exchanges fall to their lowest in the previous 12 months, suggesting holding sentiment among traders.

Traders wound up their long Bitcoin derivatives contracts ahead of the October price rally, ignoring solid on-chain fundamentals.

Hash rate, supply shock and U.S. credit risk are likely the causes for the BTC rally.

BTC’s price broke out of its multi-month long range, securing a daily close above $50,000 and prompting traders to extend their short-term target to $56,000.

Correlation does not imply causation, but these three indicators did signal prior to Bitcoin’s recent push to $49,000.

Analysts identify the key levels BTC needs to hold in order to see continuation above $50,000.

AXS, LUNA and a handful of altcoins rallied to new highs shortly after Bitcoin’s price rallied to $49,200.

Three bullish indicators converge as Ethereum’s native token, Ether, climbs over 9% on Oct. 1 to cross $3,000, a psychological resistance level.

The flagship cryptocurrency has closed October in profit seven out of nine times since 2013, raising hopes that it will be able to log a fractal bull run in the next 31 days.

Rising jobless claims in the U.S. sparked sell-offs in the dollar market. On the other hand, Bitcoin held onto its intraday gains.

While the long-term sentiment remains bullish, traders warn that BTC must hold the $41,000 support to avoid a sweep of the $38,000 level.

One of the crypto mining stocks delivered more than 1,600% returns year-over-year (YoY) while Bitcoin's gains in the same period came out to be around 290%.