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Analysts see bitcoin poised for breakout in Q4 as institutional demand and innovation fuel crypto surge

As we approach the fourth quarter of 2024, analysts anticipate continued growth for bitcoin and the broader cryptocurrency sector, fueled by institutional adoption and more favorable market conditions. Key indicators suggest a potential price increase for bitcoin in October, with expectations of a new ranged between $58,000 and $72,000, driven by institutional buying and an evolving regulatory landscape, an analyst said.

theblock.co • 24/09/2024 - 13:37 PM

CryptoQuant says bitcoin’s 'supply in profit' level signals potential for further gains

Bitcoin’s price has increased nearly 8% following the U.S. Federal Reserve’s rate cut, with the “supply in profit” metric crossing its 365-day moving average, a key signal for potential further gains, according to CryptoQuant. However, Bitfinex analysts caution that while the recent uptick was initially driven by spot market buying, a slowdown in this activity may lead to consolidation or a partial correction in the near term.

theblock.co • 24/09/2024 - 12:41 PM

Ethereum outperforms bitcoin after Fed rate cut, signaling bullish market sentiment

Ethereum has outperformed bitcoin since the U.S. Federal Reserve cut its Federal Funds rate by 50 basis points last Wednesday. This upward momentum coincides with a significant increase in the ether open interest-weighted perpetual futures funding rate, indicating stronger demand for long positions and growing optimism among traders that the price of ether may rise.

theblock.co • 23/09/2024 - 13:56 PM

Bitcoin exchange depositing addresses at lowest level in years, indicating potential relief in selling pressure: CryptoQuant

Bitcoin exchange depositing addresses hit a multi-year low, suggesting reduced selling pressure but possibly also declining demand, while reserves on exchanges fell by over 15% this year.

theblock.co • 17/09/2024 - 16:17 PM

Analysts see bitcoin poised for breakout in Q4 as institutional demand and innovation fuel crypto surge

CryptoQuant says bitcoin’s 'supply in profit' level signals potential for further gains

Ethereum outperforms bitcoin after Fed rate cut, signaling bullish market sentiment

Crypto and stocks share strongest positive correlation in years after Fed rate cut: Bloomberg

Speculation and DeFi will drive Ethereum network activity if bull market persists, analysts say

Bitcoin supported by elevated risk-on sentiment as yen weakens against the dollar: analyst

Bitcoin set for rally after Federal Reserve rate cut, Standard Chartered says

CryptoQuant sees bitcoin short-term holder supply decline as barrier to price breakout

Fed cuts interest rates by 50 basis points, bitcoin trades higher

Bitcoin exchange depositing addresses at lowest level in years, indicating potential relief in selling pressure: CryptoQuant

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