{"id":811031,"date":"2024-12-08T10:49:48","date_gmt":"2024-12-08T16:49:48","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/08\/bitcoin-holds-steady-at-61k-as-whales-buy-despite-geopolitical-tension\/"},"modified":"2024-12-08T10:49:48","modified_gmt":"2024-12-08T16:49:48","slug":"bitcoin-holds-steady-at-61k-as-whales-buy-despite-geopolitical-tension","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/08\/bitcoin-holds-steady-at-61k-as-whales-buy-despite-geopolitical-tension\/","title":{"rendered":"Bitcoin holds steady at $61K as whales buy despite geopolitical tension"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div data-id=\"149748\" data-url=\"https:\/\/cryptobriefing.com\/bitcoin-geopolitical-tensions-accumulation-analysis\/\">\n<section>\n<div>\n<p><a href=\"https:\/\/cryptobriefing.com\/markets\/\" rel=\"tag\"><br \/>\n                    Markets                <\/a>\n                    <\/p>\n<\/div>\n<p><span><span><a href=\"https:\/\/cryptobriefing.com\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/cryptobriefing.com\/markets\/\">Markets<\/a><\/span> \u00bb <span aria-current=\"page\">Bitcoin holds steady at $61K as whales buy despite geopolitical tension<\/span><\/span>        <\/p>\n<div>\n<div>\n<p><span>by<\/span><\/p>\n<div>\n<p><a data-author_id=\"29073\" href=\"https:\/\/cryptobriefing.com\/team\/vince-dioquino\/\" rel=\"author\">Vince Dioquino<\/a><\/p>\n<\/div><\/div>\n<p><time datetime=\"2024-10-03T06:45:48+00:00\"><br \/>\n                        Oct. 3, 2024                    <\/time>\n                            <\/p>\n<\/p><\/div>\n<\/section>\n<section>\n<h2>Bitcoins Ether ETFs see inflows as Bitcoin ETFs experience significant outflows, marking a highly volatile market downturn.<\/h2>\n<\/section>\n<section>\n            <picture><source media=\"(min-width: 850px)\" ><img decoding=\"async\" src=\"https:\/\/static.cryptobriefing.com\/wp-content\/uploads\/2024\/08\/07080933\/bitcoin-2-400x210.png\" alt=\"bitcoins A large Bitcoin coin embedded in sand dunes under a clear sky at sunrise, symbolizing the digital currency's resilience and growth potential.\" title=\"bitcoins bitcoin 2\">\n            <\/picture>\n        <\/section>\n<section>\n<section>\n<h3>Key Takeaways<\/h3>\n<ul>\n<li>Bitcoin remains stable above $61,100 with significant whale buying activity.<\/li>\n<li>XRP&#8217;s value drops over 10% amid SEC&#8217;s appeal against a regulatory ruling.<\/li>\n<\/ul>\n<\/section>\n<section>\n<p>Share this article<\/p>\n<\/section>\n<p>        <?xml encoding=\"UTF-8\"><\/p>\n<p>Bitcoin (BTC) has managed to maintain its position above $61,100 despite ongoing geopolitical tensions, while Ethereum (ETH) experienced a 4% drop to $2,390. The crypto market continues to grapple with the aftermath of Iranian airstrikes on Israel, which has dampened enthusiasm for risk assets.<\/p>\n<p>Despite the overall market downturn, significant whale accumulation of Bitcoin suggests anticipation of a future bull run. CryptoQuant founder Ki Young-Ju highlighted this trend, noting that influential entities are making sizeable purchases despite the challenging macro environment.<\/p>\n<p>The broader crypto market saw a decline of over 3% as investors continued to sell off major cryptocurrencies. Bitcoin ETFs <a target=\"_blank\" href=\"https:\/\/cryptobriefing.com\/us-bitcoin-etfs-outflows\/\" rel=\"\">experienced outflows of $91.76 million<\/a> during Wednesday\u2019s US trading session, while Ethereum ETFs bucked the trend with inflows of $14.45 million, breaking a two-day streak of outflows.<\/p>\n<p>XRP faced a significant setback, plunging more than 10% in the past 24 hours following the <a target=\"_blank\" href=\"https:\/\/cryptobriefing.com\/sec-ripple-appeal-xrp-etf\/\" rel=\"\">SEC decision to appeal a court ruling<\/a> that had restricted its ability to regulate crypto markets. The SEC will ask the 2nd U.S. Circuit Court of Appeals to review the July 2023 decision that determined XRP tokens sold on public exchanges did not meet the legal definition of a security.<\/p>\n<p>In the meme coin sector, MOG, the second-largest cat-themed token behind POPCAT, saw little price movement despite being mentioned on Republican candidate Donald Trump\u2019s social media account. A Polymarket prediction market tracking Trump\u2019s mention of \u201cmog\u201d or related terms before December 31 remained unchanged at 13% probability.<\/p>\n<p>Lido\u2019s native token, LDO, experienced a nearly 9% decline, following Ethereum\u2019s downward trajectory. Meanwhile, artificial intelligence tokens showed minimal movement, despite OpenAI\u2019s announcement of a $6.6 billion funding round at a $157 billion valuation. The AI token category, which includes NEAR, TAO, and ICP, saw a modest 1.8% decline according to CoinGecko data.<\/p>\n<p><html><body><\/p>\n<div class=\"ad-banner mrec-in-article\"><\/div>\n<p><\/body><\/html><\/p>\n<p>Worldcoin, founded by OpenAI\u2019s Sam Altman but operating independently, also felt the market pressure with a 4% drop. The overall market sentiment remains cautious as investors navigate the complex interplay of geopolitical events, regulatory developments, and sector-specific news in the crypto space.<\/p>\n<\/p>\n<section class=\"article-share\">\n<p>Share this article<\/p>\n<div class=\"social-icons\">\n          <button class=\"social-icon share\" data-href=\"https:\/\/x.com\/intent\/tweet?text=Bitcoin+holds+steady+at+%2461K+as+whales+buy+despite+geopolitical+tension&#038;url=https%3A%2F%2Fcryptobriefing.com%2Fbitcoin-geopolitical-tensions-accumulation-analysis%2F&#038;via=crypto_briefing\" aria-label=\"Share on x\"><br \/>\n        <?xml version=\"1.0\" encoding=\"UTF-8\"?><br \/>\n                <svg width=\"40px\" height=\"40px\" viewBox=\"0 0 40 40\" version=\"1.1\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\">\n                <g id=\"surface1\">\n                <path style=\" stroke:none;fill-rule:nonzero;fill:rgb(0%,0%,0%);fill-opacity:1;\" d=\"M 17.867188 0.148438 C 10.839844 0.878906 4.558594 5.507812 1.707031 12.054688 C -0.132812 16.28125 -0.441406 21.148438 0.867188 25.625 C 2.480469 31.214844 6.652344 35.933594 12.054688 38.292969 C 16.28125 40.132812 21.148438 40.4375 25.628906 39.132812 C 32.332031 37.199219 37.613281 31.695312 39.347656 24.851562 C 42.054688 14.132812 35.414062 3.171875 24.667969 0.613281 C 22.304688 0.0546875 20.226562 -0.09375 17.867188 0.148438 Z M 18.132812 12.535156 C 19.839844 14.800781 21.28125 16.667969 21.332031 16.667969 C 21.386719 16.667969 23.160156 14.800781 25.253906 12.535156 L 29.078125 8.398438 L 31.253906 8.398438 L 30.785156 8.894531 C 30.519531 9.171875 28.785156 11.054688 26.933594 13.066406 C 25.078125 15.078125 23.265625 17.039062 22.90625 17.398438 L 22.265625 18.078125 L 27.265625 24.734375 C 30.011719 28.398438 32.265625 31.441406 32.265625 31.492188 C 32.265625 31.558594 30.628906 31.601562 28.640625 31.601562 L 25 31.585938 L 21.613281 27.054688 C 19.28125 23.921875 18.1875 22.574219 18.078125 22.652344 C 18 22.71875 16.105469 24.761719 13.867188 27.1875 L 9.800781 31.601562 L 8.773438 31.601562 C 8.199219 31.601562 7.734375 31.574219 7.734375 31.535156 C 7.734375 31.492188 9.851562 29.171875 12.441406 26.386719 C 15.011719 23.601562 17.148438 21.265625 17.171875 21.226562 C 17.1875 21.171875 15.066406 18.28125 12.464844 14.800781 C 9.867188 11.332031 7.734375 8.464844 7.734375 8.441406 C 7.734375 8.414062 9.371094 8.398438 11.386719 8.398438 L 15.039062 8.398438 Z M 18.132812 12.535156 \" \/>\n                <path style=\" stroke:none;fill-rule:nonzero;fill:rgb(0%,0%,0%);fill-opacity:1;\" d=\"M 11.027344 10.1875 C 11.082031 10.28125 14.441406 14.785156 18.464844 20.171875 L 25.800781 29.988281 L 27.441406 30 C 28.453125 30 29.066406 29.945312 29.039062 29.867188 C 29.027344 29.800781 25.679688 25.292969 21.628906 19.867188 L 14.238281 10 L 12.585938 10 C 11.214844 10 10.933594 10.027344 11.027344 10.1875 Z M 11.027344 10.1875 \" \/>\n                <\/g>\n                <\/svg>      <\/p>\n<\/section>\n<\/div>\n<p> Vince Dioquino <a href=\"https:\/\/cryptobriefing.com\/bitcoin-geopolitical-tensions-accumulation-analysis\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Markets Home \u00bb Markets \u00bb Bitcoin holds steady at $61K as whales buy despite geopolitical tension by Vince Dioquino Oct. 3, 2024 Ether ETFs see inflows as Bitcoin ETFs experience significant outflows, marking a highly volatile market downturn. Key Takeaways Bitcoin remains stable above $61,100 with significant whale buying activity. XRP&#8217;s value drops over 10%<\/p>\n","protected":false},"author":1,"featured_media":811032,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,3416],"tags":[11476],"class_list":{"0":"post-811031","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-holds","9":"tag-bitcoins"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/811031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=811031"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/811031\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/811032"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=811031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=811031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=811031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}