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Newsbtc
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Dogecoin Targets $0.11 As Short-Term Traders Fuel DOGE Price – Details
- Dogecoin is currently at a crucial demand level, with mixed opinions about its next move.
- Short-term traders play a significant role in driving liquidity for meme coins like DOGE.
- Dogecoin is holding above the key psychological support level of $0.10.
- The next bullish target for DOGE is around $0.11.
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Blockonomi
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Heather Morgan Faces Potential Jail Time in Bitfinex Bitcoin Laundering Case
- Federal prosecutors recommend an 18-month jail sentence for Heather Morgan for her role in laundering stolen Bitfinex Bitcoin.
- Morgan provided 'substantial assistance' to the government, leading to a plea bargain.
- She pled guilty to money laundering and fraud charges in August 2023.
- Prosecutors seek return of seized crypto assets worth over $6 billion as restitution to Bitfinex.
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Zycrypto
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Ancient Bitcoin Whales Are Still Asleep; Here’s Why It Matters
- Crypto pundit Ki Young Ju observes that ancient Bitcoin whales are still dormant, having not moved their coins for over seven years.
- Market data shows no significant BTC deposits from ancient whales, indicating their continued dormancy.
- New Bitcoin whales have pumped $108 billion into the market this year, surpassing the activity of ancient whales.
- Bitcoin bulls are attempting a recovery, with the global market cap experiencing a decline but still trading at $2.13 trillion.
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Zycrypto
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Bitcoin Holds Strong Above $60,000 Despite $1.83 Billion In Whale Sales Over 72 Hours
- Bitcoin (BTC) maintains position above $60,000 amidst speculation and mixed signals in the crypto markets.
- Bitcoin briefly dipped to $58,900 but quickly recovered after the release of the US Consumer Price Index (CPI) report.
- Bitcoin whales have sold or redistributed around 30,000 BTC in the past 72 hours, totaling $1.83 billion.
- Long-term market analysts remain optimistic, with predictions of a potential surge to $200,000 for Bitcoin.
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Blockonomi
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Bitcoin Holds Strong at $60K: Is a Breakout Imminent?
- Bitcoin's price briefly rose above $63,000 before dropping to around $60,000.
- Open interest has exceeded $18 billion, which historically led to major price corrections.
- Funding rates are slightly above the 200-day SMA, indicating the dominance of long traders.
- Analysts suggest a potential final shakeout before a new all-time high, with $66,000 as a key resistance level.
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Altcoinbuzz
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Uniswap Launches Unichain to Supercharge DeFi
- Uniswap Labs has launched Unichain to enhance DeFi by offering faster, cheaper, and more efficient transactions across multiple chains.
- Unichain aims to lower transaction costs by about 95% by moving transaction processing to its Layer 2 (L2).
- The protocol will introduce faster block times and sub-blocks to make transactions feel instant and prevent front-running.
- Unichain will enable seamless access to all chains and improve cross-chain communication for easy swapping between different chains.
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Crypto-News-Flash
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Stellar’s (XLM) Resilience Sparks Investor Interest, Bullish Growth on the Horizon
- Renowned crypto analyst predicts that Stellar Lumens (XLM) could reach $2.10 or higher in the future.
- XLM has been trading sideways but shows signs of bullish growth as it slightly increases in the last 24 hours.
- The analyst suggests that XLM is nearing its bottom and could start a rally when Bitcoin declines or begins its bull run.
- The consolidation phase for XLM has been longer, indicating potential for a stronger bullish wave in the future.
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NullTX
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Institutional Demand For Bitcoin Surges as U.S. Spot ETFs Control $58 Billion, Sparking Market Uncertainty
- Institutional investors in the U.S. are showing increased demand for Bitcoin, with U.S. spot ETFs now holding $58 billion worth of the cryptocurrency.
- Investment giants like BlackRock, Fidelity, and Grayscale are actively acquiring Bitcoin in the price range of $54,900 to $59,100.
- The current open interest in Bitcoin has crossed $18 billion, leading to divided opinions on the future direction of the market.
- Bitcoin whales have offloaded or redistributed around 30,000 BTC, worth $1.83 billion, causing further market volatility.
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NullTX
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Bitcoin Hovers At Critical Price Level As Market Sentiment Peaks And Outflows Surge
- Bitcoin's price hovers at a crucial level, indicating the potential for further upward movement.
- The average cost of short-term Bitcoin holders holds significance in determining the next price trend.
- Bitcoin needs to reclaim the $62.5K level to regain momentum.
- Social sentiment around Bitcoin reaches a peak, possibly influenced by a documentary speculating on Peter Todd's identity as Satoshi Nakamoto.
- Significant outflows from crypto exchanges suggest increasing demand for holding Bitcoin off-exchange.
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Blockonomi
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BlackRock and Metaplanet Increase Bitcoin Holdings Amid Market Volatility
- BlackRock and Metaplanet have been actively buying Bitcoin during market dips and volatility.
- BlackRock added 12,272 BTC ($742M) in 16 days, bringing their total holdings to 369,822 BTC.
- Metaplanet purchased 108.99 BTC for ¥1 billion, increasing their total holdings to 748.50 BTC.
- Recent Bitcoin price volatility led to $53 million in long liquidations, while a whale panic-sold 800 BTC, losing $26M.
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Cryptopotato
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BTC Price Recovers From Sub-$59K Dip, UNI Skyrockets 20% Weekly (Market Watch)
- Bitcoin's price recovers from a dip below $59,000 and is now above $60,000.
- Most altcoins show slight gains, with XRP climbing by 2%.
- BTC dropped to a multi-week low of $58,800 but has since rebounded to around $60,700.
- UNI is the top performer among larger-cap altcoins, with a 20% gain in the past week.
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Altcoinbuzz
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WLFi’s Plan to Make DeFi Easy for Everyone
- WLFi has introduced the WLFi governance platform to enable decentralized decision-making within the community.
- The goal is to simplify DeFi and make it more accessible by allowing users to participate in the decision-making process.
- WLFi plans to launch on Ethereum and Scroll networks, leveraging Ethereum's liquidity and Scroll's low transaction costs.
- A partnership with Aave, a popular DeFi platform, is also in the works, enabling safe and user-friendly borrowing and lending options.
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Blockonomi
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Mt. Gox Extends Bitcoin Repayment Deadline to October 2025
- Mt. Gox, the defunct cryptocurrency exchange, has extended the repayment deadline for affected creditors to October 31, 2025.
- The delay may prevent a potential mass sell-off of Bitcoin, providing relief for its price.
- The extension is due to incomplete procedures and issues encountered during the repayment process.
- Bitcoin is currently trading below $60,000 and faces a crucial support level at $60,600.
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Altcoinbuzz
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A $2 Billion Altcoin Crash is Expected for These Altcoins
- Over $2 billion worth of tokens are set to hit the market this month. The first week of October saw almost $300 million worth of tokens hit the market.
- Aptos will release 11.31 million APT tokens, worth about $99.30 million, on October 12, unlocking nearly 50% of the over $200 million in assets. The price may take a hit post-unlock, but Aptos remains a strong project with good fundamentals.
- Axie Infinity is unlocking 9.25 million AXS tokens, worth around $42.56 million, representing 6.09% of their circulating supply. While unlocks tend to put downward pressure on prices, Axie might have some positive momentum going for it, which there could still be some price volatility.
- Arbitrum is set to release 92.65 million ARB tokens worth around $51.02 million on October 16th, which makes up 2.56% of its circulating supply.
- Celestia is unlocking 175.59 million TIA tokens, and the early backers and contributors will receive tokens worth around $902.55 million. Celestia’s long-term prospects look promising, especially after raising $100 million recently.
- With all these unlocks happening, there could be a significant crash in the altcoin market this month.
- Aptos dominates this week’s unlocks by a large margin, unlocking $99.41 million worth of tokens. Axie Infinity is unlocking $42.56 million worth of tokens followed by Arbitrum at $51.02 million, and Celestia is expected to cause a big unlock of nearly $903 million.
- Aptos is built for high-speed transactions and is faster and more scalable than many other blockchains out there, and Axie Infinity is one of the earliest pioneers in the NFT gaming scene with millions of players worldwide. Arbitrum is one of the leading Layer-2 scaling solutions for Ethereum, while Celestia is a modular blockchain platform.
- The upcoming tokens' unlock has already caused some sell-off in the market, and some investors or contributors may sell, which could drive prices down. Investors need to keep an eye on these tokens and be prepared for market fluctuations.
- The information discussed is not financial advice, and any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours.
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Newsbtc
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Is The Bitcoin Bull Run Over? Top Analyst Predicts What’s Next For Crypto
- Crypto analyst Bob Loukas has released a new video analysis titled “No Bull.” In the video, Loukas delves into the current state of the Bitcoin market, addressing growing concerns about the possibility of a canceled bull run.
- Loukas acknowledges the prolonged period of consolidation for the Bitcoin price and senses that “there is now some fear creeping into the market,” partly due to factors such as the Bitcoin ETF being “out for quite some time” and the halving having “come and go,” without leading to significant upward price movement.
- He suggests that the current consolidation is a necessary phase to “completely reset sentiment in order to prepare for the next phase of this four-year cycle.” He finds it significant that Bitcoin is “sitting here 23 months, just around 20% or so off the all-time highs of the last four-year cycle high back in 2021,” which makes it feel “more primed for the next phase of the four-year cycle than anything else.”
- Loukas believes that this accelerated timeline has created a dynamic where “we now have to rotate a lot of coins,” allowing “a lot of whales, a lot of old-timers” to “unlock” and “exit and rotate,” while “institutional players, larger account players have been accumulating those coins in this period.”
- He predicts that “within the next 90 days… we’re going to break out of this consolidating range; we’re going to break to the upside.” While he refrains from providing specific price targets, he acknowledges that reaching “somewhere between $120,000 and $180,000 also seems very reasonable.”
- Loukas emphasizes that the focus should be on “time and sentiment,” aiming for a move “in the range where prior cycles have peaked,” which has been “very consistent at around month 35 since the last low.”
- Turning to the immediate future, Loukas admits that the next two months are “a little murky,” with “a lot of factors still at play right now.” He suggests that “we still have around three to four weeks of some trending sideways action,” and he would be “highly surprised if this market can push into the $70,000s before the election here in the US.”
- He cites several factors supporting his bullish outlook, including “massive inflows into Bitcoin, mostly institutional players,” and the absorption of large sell-offs by entities like “the German government” and “the US government,” which have not significantly impacted the price.
- Loukas is particularly excited about the cyclical patterns, noting that “the third year of each of these four cycles is where the magic happens.” He predicts that “within the next 90 days… we’re going to break out of this consolidating range; we’re going to break to the upside.”
- Overall, Loukas remains largely optimistic: “So far in this four-year cycle, I see nothing that has changed that trajectory, nothing in the profile or the structure that tells me that this cycle is any different to the last cycles.”
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