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Bitcoin News
Newsbtc
1M
297
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Shiba Inu Price Set To Rally Over 2430% To $0.000047 As Trend Oscillator Turns Bullish
- Shiba Inu (SHIB) is showing a strong buy signal according to the L3 Banker Fund Flow Trend Oscillator.
- Analyst Cantonese Cat predicts at least a 5x move to SHIB's all-time high, with a potential 2430% increase to a target of $0.00047.
- The L3 Banker Fund Flow Trend Oscillator is a rare indicator that last flashed a buy signal for SHIB in July 2023.
- Reaching the 'crazy target' of $0.00047 would require SHIB to break through multiple resistance levels, representing a 2430% increase from the current price level.
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Coinpedia
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MicroStrategy Overtakes Bitcoin With 1,208% Gains: Report
- MicroStrategy, the largest corporate Bitcoin (BTC) holder, has seen significant growth with a gain of over 1,208%, outperforming Bitcoin's 445% gain since mid-2020.
- MicroStrategy began purchasing BTC in August 2020 and has purchased a total of 252,220 BTC at an average price of $39,266, resulting in a profit of $22,985 per Bitcoin.
- The stock price of MicroStrategy (MSTR) has surged by 1,208%, reaching $196.2, just 2% away from its all-time high.
- While MSTR appears bullish with a breakout from a six-month consolidation zone, there is a possibility of a price correction or decline in the near future due to overbought conditions indicated by the Relative Strength Index (RSI).
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Bitcoinist
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Solana, XRP Record Inflows From Institutions As Bitcoin, Ethereum Bleed, What’s Going On?
- Investment funds based on altcoins like Solana, XRP, Cardano, and Litecoin witnessed inflows, while Bitcoin and Ethereum saw outflows from institutional investors.
- Crypto investment funds recorded an outflow of $147 million last week, mainly driven by outflows from Bitcoin and Ethereum products.
- Altcoins like Solana, XRP, Cardano, and Litecoin defied the trend and experienced positive inflows from institutional investors.
- Multi-asset products and Short Bitcoin products received notable inflows, while BNB recorded a net outflow.
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Bitcoinmagazine
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I Just Entered the Bitcoin Mining Lottery: NIKOLAUS
- Nikolaus, also known as @nikcantmine on Twitter, has received a Bitaxe bitcoin miner and has started solo mining.
- While the miner's hashrate is small compared to the current mining power required to profitably mine bitcoin, there have been instances where solo miners with similar devices have successfully mined blocks.
- Nikolaus acknowledges the low probability of finding a block but finds it fun to run the miner in hopes of hitting a solo block.
- The article mentions the author's interest in using the miner to win a solo block and receive the BTC reward anonymously.
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Bitcoinsensus
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Hong Kong to Approve More Crypto Exchanges by End of 2024
- The Securities and Futures Commission (SFC) plans to approve more cryptocurrency exchanges in Hong Kong by the end of 2024.
- Following the approval of HKVAX, there are now 11 exchanges awaiting green lights, solidifying Hong Kong's plan to create a regulated crypto ecosystem.
- The SFC aims to issue permits in batches before the end of the year and strengthen Hong Kong's position as a major player in the Web3 and crypto industries.
- Hong Kong has experienced significant growth in the crypto industry, ranking 30th on the Global Crypto Adoption Index and introducing spot bitcoin ETFs earlier this year.
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Cryptopotato
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National Bank of Bahrain Launches Region’s First Bitcoin Investment Fund
- The National Bank of Bahrain has launched the GCC region’s first Bitcoin-linked structured investment fund for institutional and accredited investors.
- The fund offers a secure avenue for investors to capitalize on Bitcoin’s gains while enjoying 100% capital protection against downturns.
- This move aligns with NBB's strategy to enhance its wealth management offerings by providing tailored solutions that balance growth potential with risk mitigation.
- Bahrain's efforts to cultivate an innovation-friendly crypto ecosystem have attracted more digital asset businesses to the region.
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Coin Telegraph
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Ethereum price lags Bitcoin and altcoins, but is a rally to $2.6K possible?
- Ether (ETH) price fell by 7.3% between Oct. 1 and Oct. 8, wiping out gains made over the previous two weeks.
- Investor sentiment has been mixed, as Ether has dropped 2% since Sept. 1, while the altcoin market cap has increased by 4.5% during the same period.
- Traders remain uncertain about Ether's ability to retake the $2,600 level.
- Ether exchange-traded funds (ETFs) in the US have experienced a cumulative outflow of $548 million since their launch in July.
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Bitcoinist
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126
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FTX: Major Ruling Clears $16 Billion Repayment Route In Bankruptcy Saga
- FTX, a major crypto exchange, has received approval from a US bankruptcy court to repay customers using up to $16.5 billion in recovered assets.
- The approval is a positive development for FTX, which aims to rectify the issues that led to its collapse.
- 98% of account holders with less than $50,000 on the platform will be paid through this settlement.
- Some customers are dissatisfied with the payout as it is based on cryptocurrency prices from November 2022, when FTX collapsed, and they believe they are not receiving a fair return considering the current value of cryptocurrencies.
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Tokenhell
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Here’s Why Uncovering Satoshi Nakamoto Could Trigger a Bitcoin Market Collapse
- Revealing Nakamoto’s identity could disrupt Bitcoin’s market and cause instability.
- Nakamoto’s 1.1M BTC holdings raise concerns over potential market manipulation.
- The identity of Bitcoin’s creator, Satoshi Nakamoto, has remained a mystery since the inception of the cryptocurrency.
- Ki Young Ju’s concerns are primarily centered around the possible disruptions that could emerge if Nakamoto’s identity is revealed.
- Unveiling Nakamoto threatens Bitcoin’s privacy and decentralization principles.
- The revelation of Nakamoto’s identity could also pose a threat to the ethos of privacy and decentralization that Bitcoin was built on.
- Identifying the founder might shift the focus back toward centralization.
- Ki Young Ju argued that it is in the best interest of the Bitcoin community to respect Nakamoto’s privacy.
- Whether Nakamoto is alive, deceased, or if an entity such as the CIA holds the keys to the Bitcoin wallets, these details should not be of primary concern as long as the assets remain untouched.
- The beauty of Bitcoin lies in its design where trust is placed in the system rather than in any one individual.
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Cryptopotato
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BTC Price Analysis: Can Bears Push Bitcoin Below $60,000 Soon?
- Bitcoin's price has yet to recover above the key 200-day moving average, and if things remain the same, it is seemingly bound to drop to lower levels.
- On the daily chart, Bitcoin rebounded from the $60K support level, but the 200-day moving average is currently preventing the price from rising, indicating a potential decline towards the $56K level.
- On the 4-hour chart, BTC broke below an ascending channel, suggesting a probable decline towards the $60K level and beyond.
- Bitcoin miners have been aggressively selling their coins since the price exceeded $40K, leading to a decline in the reserve metric. This behavior may result in excess supply and a significant downtrend.
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readwrite
1M
442
China eases stimulus plan, cutting Bitcoin bull run short
- China's decision to ease its stimulus plan has led to a decline in Chinese stocks and Bitcoin.
- The Hang Seng index lost 9.4% of its value, while the Shanghai Composite closed 4.6% higher.
- Bitcoin is down 0.5% over the last 24 hours, trading at over $62,300.
- The market uncertainty is reflected in the Crypto Fear & Greed Index's neutral sentiment.
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readwrite
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El Salvador’s bonds on the rise despite Bitcoin fearmongering
- El Salvador's bonds rallied after the country offered to buy back dollar-denominated notes from investors.
- El Salvador plans to restructure debt and become debt-free by 2025.
- Despite criticism from financial regulators, El Salvador's Bitcoin adoption seems to have positive investor sentiment.
- El Salvador holds nearly 5,897 BTC, valued at over $365 million.
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Newsbtc
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POPCAT Breakout Sparks Whale Buying Frenzy Near Peak Levels
- Popcat (POPCAT) is experiencing a surge in whale buying frenzy as it approaches its all-time high.
- Whales buying millions of tokens have contributed to a significant increase in Popcat's daily trading volume and a 20% rise in price.
- Market sentiment is positive, with a projected 220% increase in price by November 7, 2024, and a favorable trading environment for investors.
- While Popcat's future looks promising, caution is advised due to the token's high volatility and the need for careful assessment of entry points.
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Crypto-News-Flash
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342
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Cardano’s Next Move Could “Shock” as ADA Targets $1 and Beyond, Analyst Says
- Crypto analyst suggests Cardano (ADA) could peak between $5 and $10, replicating its 2020-2021 move.
- Market currently down by 88%, similar to previous cycle before bull run.
- Analyst identifies bullish pattern and expects ADA to break out of six-month consolidation.
- ADA predicted to breach $1 resistance level by December 2024 and peak at $5-$10.
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Altcoinbuzz
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180
Crypto.com Sues SEC Over Regulatory Disputes
- Crypto.com has filed a lawsuit against the SEC to protect the future of the cryptocurrency industry in the United States.
- They argue that the SEC is trying to extend its authority beyond what the law allows and create unfair rules.
- Crypto.com's lawsuit aims to put a stop to what they see as the SEC's illegal actions that threaten the entire crypto industry.
- They have also reached out to the SEC and CFTC with a petition to clarify the regulatory jurisdiction of certain cryptocurrency products.
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