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Bitcoin News
Coinpedia
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Bitcoin Turns Bearish in ‘Uptober’—Is Another 15% Plunge Waiting for the BTC Price Rally?
- Bitcoin bulls are failing to revive a strong rebound as the price levels remain stuck along the crucial support range.
- The historical data suggests the price must start with a healthy upswing and further transform into a strong bull run in the next 15 days; otherwise, the token could enter a prolonged consolidation phase.
- The CEO of CryptoQuant predicts that the bull markets should begin within the next 14 days based on historical trends, but a divergence from the pattern is possible.
- Market participants may be uncertain due to upcoming US elections, with a potential bull run expected post-elections.
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Coinpedia
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Crypto Market Today (11th Oct 2024): Bitcoin at $60k, Fed Rate Cut in Focus as Uptober Underwhelms?
- The global cryptocurrency market remains stable with a 0.03% growth, reaching a market capitalization of $2.12 trillion.
- The U.S. Federal Reserve's rate cut sparks hopes among investors, potentially boosting risk-taking in the cryptocurrency market.
- Bitcoin's price stays steady at around $60,572.50, with increased trading volumes.
- Altcoins like Ethereum, SOL, and XRP show modest gains, while Mantra leads as the top gainer and First Neiro suffers the highest losses.
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Newsbtc
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Bitcoin Price Hope: Mt. Gox Delays Repayment Plan Until October 2025
- Mt. Gox, the defunct cryptocurrency exchange hacked in 2014, has delayed its repayment plan for affected creditors from October 2024 to October 2025.
- The delay offers relief to Bitcoin and the crypto market, as the repayment of 200,000 BTC could have put downward pressure on Bitcoin's price.
- Many creditors are yet to receive their funds due to incomplete procedures or issues encountered during the repayment process.
- Bitcoin has fallen below the critical $60,000 mark and faces a sell-off, with losses exceeding 2% in the last 24 hours and nearly 9% over the past two weeks.
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Bitcoinist
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Bitcoin Stalls: Bullish Momentum Hinges On Reclaiming Key Metric, Expert Says
- A crypto expert predicts a potential resurgence of bullish momentum for Bitcoin in the short term.
- Bitcoin must reclaim a key metric, the Short-Term Holder (STH) MVRV, to unlock the next significant price surge.
- The STH MVRV metric evaluates the ratio between Bitcoin's market value and realized value held for a period below 155 days.
- Bitcoin's price currently trading below the range indicates the need to regain the $62,500 level to reignite bullish momentum.
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Coinpedia
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Bitcoin Price At Risk of 75% Correction as Whales Sell Off $2 Billion in BTC
- Bitcoin price teases below $59k, closing below 50 and 200-day Moving Averages.
- Crypto whales have sold over 30k BTCs in the past three days, worth nearly $2 billion.
- US spot Bitcoin and Ether ETFs registered net cash outflows, indicating selling pressure.
- Use of leverage trading in the crypto space reaches yearly high, suggesting higher volatility.
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25 Likes
Coinpedia
1M
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S&P 500 Hits ATH, Bitcoin Struggles at $60k: Is a Correction on the Horizon?
- Bitcoin struggles to sustain dominance above $60k, forming a symmetrical triangle pattern.
- BTC price shows potential for a double-bottom reversal, with $62,611 as a target.
- Fluctuations in transaction size and average balance reflect growing volatility in Bitcoin prices.
- Historical pattern suggests a correlation between S&P 500 hitting ATH and Bitcoin price dropping.
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Coinpedia
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Bitcoin Price Crash Looms as Whales Sell Off Over 30K BTC, Says Peter Brandt
- Bitcoin price teases below $59k, causing fear of further crypto capitulation in the short term.
- Crypto whales have sold over 30k BTCs in the past three days, worth nearly $2 billion.
- US spot Bitcoin and Ether ETFs register cash outflows, indicating profit-taking by investors.
- Leverage trading in the crypto space reaches a yearly high, suggesting higher volatility ahead.
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13 Likes
Cryptopotato
1M
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Will Markets Continue to Dump Amid $1.6B in Crypto Options Expiring Today?
- Around 18,800 Bitcoin options contracts worth $1.1 billion are expiring today.
- The options expiry is unlikely to impact spot markets, which have already been retreating this week.
- The put/call ratio of the expiring Bitcoin options contracts is 0.91.
- In addition to Bitcoin, there are also 212,000 Ethereum options expiring today, totaling $1.6 billion in crypto options expiry for the week.
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19 Likes
Tokenhell
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WPAY Explained – All You Need to Know About the Wirex Pay’s Native Token
- Wirex Pay recently decentralized its governance system through its native token, WPAY.
- WPAY is Wirex Pay's native governance token, allowing holders to vote on major proposals and earn staking rewards.
- Wirex Pay is different from Wirex, offering decentralized payment solutions while Wirex provides crypto debit cards and facilitates fiat-to-crypto exchanges.
- WPAY's tokenomics include allocations for node operators, team, airdrops, staking rewards, market-making, liquidity, and treasury.
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22 Likes
Newsbtc
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XRP Price Teases Fresh Gains: Is a Strong Move Ahead?
- XRP price is slowly moving higher above the $0.5320 support.
- There is a connecting bullish trend line forming with support at $0.5280.
- The price could gain bullish momentum if it clears the $0.5360 and $0.5450 resistance levels.
- Initial support on the downside is near the $0.5285 level.
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13 Likes
Cryptonews
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4
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dApp Market Boom: AI Emerges as Top Player, Gaming Fades
- The dApp market has experienced significant growth, with a 70% surge in daily unique active wallets (UAW) in Q3 2021.
- AI-powered applications saw a 71% increase in usage, driving the overall growth of dApps.
- Gaming's market share within the dApp ecosystem dropped slightly from 28% to 26%.
- Despite a decline in total value locked (TVL) in the DeFi sector, decentralised exchanges (DEXs) like Raydium and Uniswap saw significant growth in user activity.
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Bitcoinist
1M
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Crypto Exposure In Nearly Half Of Traditional Hedge Funds, Survey Reveals – What’s Driving Adoption?
- A survey conducted by AIMA and PwC reveals that nearly half of traditional hedge funds have exposure to cryptocurrencies.
- 47% of traditional hedge funds currently have some degree of exposure to digital assets, with expectations of increased allocation by year-end.
- Many hedge funds are shifting from spot market trading to more advanced strategies like derivatives trading.
- Increasing regulatory clarity and the launch of crypto ETFs are major drivers behind the rise in crypto exposure.
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Cryptonews
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Crypto Market Suffers $188 Million Liquidations as BTC Drops Below $60K
- Bitcoin dipped below $60K, leading to $188 million in liquidations.
- Nearly 57K traders were impacted by the market dip.
- Crypto analyst Michaël van de Poppe hints at a potential trend reversal.
- The dip aligns with US inflation concerns and mixed signals on further Fed rate cuts.
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25 Likes
Newsbtc
1M
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Ethereum Could See a 53% Price Correction If This Happens—Analyst
- Ethereum is down 1.5% in the past 24 hours, trading at $2,392.
- Analyst Ali warns that breaching the critical support level of $2,250 could trigger a 53% price correction.
- Another analyst, EtherNasYoNAL, remains optimistic about Ethereum's long-term potential, predicting a new 'mega bull' cycle around 2025.
- Despite the current decline, EtherNasYoNAL encourages investors to remain patient and await the expected price surge.
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TronWeekly
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S.Korea’s Crypto ETF Ban Reevaluation: 61% Trade Volume Surge Red Flags
- South Korea’s Financial Services Commission (FSC) plans to reevaluate its ban on local spot cryptocurrency ETFs and institutional accounts.
- The approval of spot bitcoin ETFs in the U.S. has prompted the FSC to consider local listings, signaling a potential policy change.
- Upbit, the dominant crypto exchange in South Korea, handles 61% of trade volume, raising concerns about its influence on partner K-bank and implications for its IPO plans.
- The FSC's reevaluation and potential approval of local spot ETFs could reshape the digital asset landscape and have implications beyond the local market.
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