Cryptocurrency News Today TheBitTimes.com

Bitcoin surged past $118k and meme coins soared as Strategy’s Michael Saylor declared “Happy Uptober” on X despite the US government shutdown. BTC briefly hit $119,453 before pulling back, but is still up more than 3% over the past 24 hours to trade at $118,720.42 as of 3:14 a.m. EST, according to  CoinMarketCap . It’s now within 5% of its $124,457.12 all-time high set on Aug. 14.  BTC price (Source: CoinMarketCap) Over $261 million in short BTC positions were liquidated in the past 24 hours, data from CoinGlass shows. Institutional investors helped power the rally, with spot Bitcoin ETF inflows topping $1 billion in the past three days. The crypto sector’s overall market cap so ared more than 4%, resulting in nearly half a billion dollars being liquidated from bets against crypto prices. Commenting on the upbeat sentiment in the market, Bitcoin maxi Saylor wished his 4.5 million followers on X “Happy Uptober,” a reference t...

Cryptocurrencies are having an explosive start this month, with $70 billion added to the overall crypto market capitalization in under 30 minutes on Wednesday, October 1. More precisely, the total value was sat at $3.87 trillion at around 10:25 AM CET (8:25 AM UTC), only to go up to $3.94 trillion at approximately 10:55 AM CET (8:55 AM UTC). Shortly after, the figure climbed even further, hovering around $3.95 trillion market cap at press time, according to TradingView data retrieved by Finbold. Total crypto market cap. Source: TradingView This marks an approximately $100 billion or 2.5% increase already in ‘Uptober’ from yesterday’s levels, which were around $3.85 trillion. Among the strongest gainers today in terms of market cap was the privacy coin Zcash (ZEC), which went from the 72nd to the 65th largest crypto in less than 24 hours, being up 40% on the daily chart. Featured image via Shutterstock Source: https://thebittimes.com/70-...

Shares in Strategy (MSTR) stock are climbing to start the week as the firm is resuming its purchasing of the Bitcoin cryptocurrency . BTC has hit a further ATH of $120,000 as institutional demand rises and the asset gets more attention on the federal stage. The US House of Representatives will review several key pieces of legislation involving crypto this week. This attention to crypto laws has shed a bullish light on Bitcoin, sending its price and BTC-related stocks higher. The rally in bitcoin has been accompanied by a surge in stocks with crypto ties, notably Coinbase (COIN), Robinhood (HOOD), and newly public stablecoin issuer Circle (CRCL). Coinbase and Robinhood shares are trading at record highs. Strategy, being the largest institutional investor in BTC, is up 10% since BTC breached its ATH last week. In addition, Strategy has unveiled a new purchase of over $472 million worth of Bitcoin (BTC). The company revealed today that it acquired 4,225 BTC between July 7 and July 13 at a...

Shiba Inu (SHIB) is finally breaking out of its resistance level. The asset is up 8.3% in the daily charts, 6.9% in the weekly charts, 3.9% in the 14-day charts, and 33% over the previous month. Despite the rally, SHIB is still down by 37.3% since May 2024. Also Read: De-Dollarization: The World Is Ditching The US Dollar For These 3 Currencies Source: CoinGecko Cryptocurrencies Surge As Bitcoin Breaches $100,000 Source: Watcher Guru The latest market rally is likely due to Bitcoin (BTC) reclaiming the $100,000 mark once again. SHIB and other crypto assets are following BTC’s trajectory. BTC’s breakout could be due to the Arizona governor signing a digital asset reserve fund bill into law. The move may have boosted investor confidence. Also Read: Ethereum Pectra Upgrade Price: ETH Surges 18% to $2,200 Another bullish development is the Federal Regulator allowing regulated banks to buy, sell, and offer custody services for crypto assets. The approval may have led to SHIB and o...