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Bitcoin News
Coinpedia
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Image Credit: Coinpedia
Bitcoin Breaks Long Channel Pattern, Eyes on $72,000
- Bitcoin (BTC) has breached one of the largest consolidations and is poised for a significant upside rally.
- Following the breakout of the descending channel pattern, there is a strong possibility that Bitcoin could reach the $72,000 level.
- BTC appears bullish as it has breached a strong descending channel pattern it has been following since March 2024.
- BTC's positive outlook is further supported by on-chain metrics, including a strong bullish sentiment among traders and growing participation.
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Newsbtc
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Image Credit: Newsbtc
Bitcoin Breaking Out Of 7-Month Accumulation Channel: Expert Predicts Further Upside
- Bitcoin has broken out of a 7-month accumulation channel, signaling potential for further upside.
- Analysts and investors are cautious, monitoring for resistance and the next steps in Bitcoin's rally.
- The crypto market is optimistic about a possible rally that could lead to new all-time highs.
- Bitcoin's technical analysis indicates buyers in control, aiming to break above $70,000.
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Bitcoinist
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75
Image Credit: Bitcoinist
Bitcoin’s Open Interest Yet To Return To All-Time High, On-chain Firm Clarifies
- Bitcoin's open interest (OI) is yet to return to its all-time high, according to Alphractal, an investment data analysis platform.
- Open interest in Bitcoin remains below the peak level, indicating cautious market sentiment despite recent price movements.
- Alphractal emphasizes that the analysis of a new ATH in open interest depends on the exchanges being analyzed.
- BTC shows potential for a sustained uptrend, but crypto expert Rekt Capital warns of a possible retest in the upcoming days.
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Altcoinbuzz
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66
a16zcrypto Report 2024: Insights on States, Stablecoins, and AI – Part 2
- DeFi is experiencing massive growth, with over 34% of daily active users working in it and DeFi protocols having more than $169B+. The areas of significant growth in DeFi are staking and lending.
- The connection between AI and crypto is becoming stronger, with 34% of crypto projects incorporating AI. Crypto could play a vital role in democratizing AI and tackling its centralization challenge.
- As blockchain networks expand, transaction costs decrease, unlocking new possibilities and use cases. Scalable infrastructure is crucial for the growth of web3 gaming and other crypto projects, such as social networking.
- Prediction markets, although not allowed in the US, are gaining global popularity, particularly during events like elections. Non-crypto-based company Kalshi is involved in a federal lawsuit that will impact how election contracts are handled.
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Zycrypto
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337
Image Credit: Zycrypto
FBI Arrests Man Who Hacked SEC And Posted Fake Tweet Announcing Approval Of Bitcoin ETFs
- The man who hijacked the official X account of the U.S Securities and Exchange Commission (SEC) to post a phony announcement of the premature greenlighting of spot Bitcoin exchange-traded funds (ETFs) has been taken into custody.
- Eric Council, a 25-year-old resident of Athens, Alabama, was arrested on Thursday and charged with “conspiracy to commit aggravated identity theft and access device fraud.”
- The suspect allegedly used a “SIM swapping” technique to take over a phone number and gain unauthorized access to the SEC's account.
- The SEC approved the spot Bitcoin ETFs the next day, which have attracted billions of dollars in investor money.
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Altcoinbuzz
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146
a16zcrypto Report: Insights on States, Stablecoins, and AI – Part 1
- Crypto activity hits an all-time high, with over 220 million addresses interacting with blockchain networks in September.
- Crypto's impact on U.S. politics is increasing, with growing interest in the industry and discussions on ETPs and stablecoins.
- Stablecoins have proven essential to the global economy, with transactions volume surpassing that of Visa.
- Infrastructure advancements in the blockchain technology have led to lower fees, increased transaction speed, and improved usability of cryptocurrencies.
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8 Likes
Zycrypto
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284
Image Credit: Zycrypto
Why MicroStrategy’s Michael Saylor Believes Tech Giant Apple Should Buy $100 Billion In Bitcoin
- Billionaire Michael Saylor urges Apple to buy $100 billion in Bitcoin instead of stock buybacks.
- Saylor believes Apple's investment in Bitcoin could result in significant gains.
- MicroStrategy, led by Saylor, is already the largest corporate holder of Bitcoin.
- Saylor remains bullish on Bitcoin, predicting a value of $13 million per coin in the next 21 years.
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Coin Telegraph
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359
Better Know a Crypto Candidate: Robert Hyde
- Robert Hyde, a congressional candidate running for the US Senate in Connecticut, believes that regulation is necessary for the cryptocurrency industry.
- Hyde emphasizes the impact of cryptocurrencies and blockchain on various aspects, including job creation, economic growth, personal financial freedom, and national security.
- The upcoming US Senate term will address key issues related to the crypto and blockchain industry, such as the FIT21 Act, which aims to clarify the roles of regulatory bodies like the SEC and CFTC.
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Cryptonewsz
4w
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Image Credit: Cryptonewsz
CoinGecko Q3 Market Report: Bitcoin dominance shoots to 53%
- Bitcoin accounted for 53% of the total crypto market cap in Q3, marking a 2.7% increase QoQ.
- Bitcoin's market cap stands at $1.34 trillion, representing a 55.1% dominance.
- BTC has fallen behind traditional assets like gold and treasury bonds since August.
- BTC's performance in Q3 was influenced by global economic policies and stimulus announcements from China.
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11 Likes
Coinpedia
4w
199
Image Credit: Coinpedia
Crypto News Today (Oct 18th, 2024): Bitcoin Holds $67k, Altcoins Remains Steady as Market Gains
- The cryptocurrency market is growing, with a 1.31% increase in the last 24 hours.
- Bitcoin (BTC) exceeds $67,749, with positive investor sentiment driven by high Bitcoin ETF investment.
- Ethereum (ETH) up 0.71%, Solana (SOL) up 1.06%, XRP (XRP) down 1.24% in the last 24 hours.
- Top gainers include BOME (+16.61%), MEW (+11.61%), and Dogecoin (+9.77%). Top losers are Maker (-4.05%), Neiro (-3.09%), and Starknet (-4.52%).
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12 Likes
TheNewsCrypto
4w
84
Image Credit: TheNewsCrypto
Will Bitcoin (BTC) Form a New Top If $68K Is Tested?
- Bitcoin (BTC) is trading at $67K, showing a modest 1.16% increase in the last 24 hours.
- BTC is in the greed zone with a Fear and Greed Index of 73.
- Analysts anticipate an upward movement in the second half of October, expecting BTC to surpass its all-time high (ATH) at $73,750.
- Technical indicators show a bearish sentiment, with the Moving Average Convergence Divergence (MACD) indicator below the signal line.
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5 Likes
Crypto-News-Flash
4w
222
Image Credit: Crypto-News-Flash
Solv Protocol Launches SolvBTC.JUP: Earn 8% in Bitcoin on Solana
- SolvBTC.JUP offers Bitcoin holders an 8% annual yield through Solana’s DeFi ecosystem, using delta-neutral strategies.
- The launch of SolvBTC.JUP integrates Bitcoin into Solana's DeFi network, allowing BTC holders to earn an 8% yearly return while maintaining exposure to their holdings.
- SolvBTC.JUP is built on Solv's Staking Abstraction Layer (SAL), enhancing Bitcoin's programmability for stable DeFi yields.
- With a Total Value Locked (TVL) over $13 million, SolvBTC.JUP represents the fourth Liquid Staking Token (LST) product by Solv, expanding liquidity options for Bitcoin holders.
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Bitcoinchaser
4w
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Image Credit: Bitcoinchaser
Amazing Miceketeers: An Exclusive Game Now on Shuffle
- Amazing Miceketeers, an exclusive game created by Bullshark Games in collaboration with Hacksaw Gaming, is now on Shuffle for early release.
- The game combines creative storytelling with innovative mechanics, offering a refreshing twist to the online slot genre and promising engaging gameplay, charming characters, and dynamic features.
- Amazing Miceketeers features sticky walking wilds, novel special features, thrilling bonus buys, and jaw-dropping multipliers.
- There are five exciting challenges to take on, allowing players to win over $10,000 in prizes, including a massive jackpot of 12,000x the bet and rewards for hitting multipliers from 2,000x to 8,000x.
- To start playing, players need to select their bet amount ranging from 0.1 up to 100 and hit the spin button to set the reels in motion, aiming for at least five matching symbols to create a winning combination.
- The game's theoretical RTP is 96.24%, and its exciting cluster system allows for non-stop action while forming clusters, activating Sticky Walking Wilds, and keeping an eye for special symbols that could lead to big wins.
- Shuffle fuels strategic thinking and creativity, ensuring fairness and fresh possibilities. Every spin is a new opportunity, making each game an unforgettable experience.
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7 Likes
Altcoinbuzz
4w
270
Worldcoin Launches World Chain for a Better Internet
- Worldcoin has launched World Chain, a blockchain built on the OP Stack to connect all humans to the blockchain.
- World Chain aims to prioritize transactions made by verified humans using World ID, creating more room for users.
- Being part of the Superchain, World Chain can interact with other chains and collaborate with the Superchain community.
- World Chain plans to participate in Optimism's governance to ensure a friendly and open network for everyone.
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16 Likes
Altcoinbuzz
4w
115
Venmo Users Can Now Buy Crypto with MoonPay
- Venmo users can now buy cryptocurrencies using MoonPay.
- MoonPay is a service that simplifies the process of buying cryptocurrencies.
- Venmo users can choose their preferred cryptocurrency and spend from their Venmo balance.
- This integration opens up the cryptocurrency market to millions of Venmo users.
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