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Bitcoin News
Newsbtc
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Bitcoin Price Forecast: This Week’s Trends And Historical Patterns For Q4
- Bitcoin experienced volatility, reaching a two-month high of $66,500 before falling to $59,500.
- Crypto analyst Doctor Profit suggests that Bitcoin's recent higher high challenges the bearish narrative.
- Analyst TedPillows indicates that Bitcoin's consolidation phase may be nearing its end.
- Bitcoin is currently trading at $63,835, maintaining a 17% gain for the month.
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Altcoinbuzz
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3 Coins Crypto Whales Are Buying for Q4 of 2024
- Q4-2024 is a decisive time in crypto, and whales are making big moves with insider knowledge of where the market is headed.
- Dogecoin is the first on the list as whales are stacking up on Doge while it has hit its highest active $DOGE address in six months. Whales scooped up around 1.4 billion DOGE tokens this month alone worth about $140 million.
- Bitcoin is still the smart thing to do and newer whales are aggressively accumulating Bitcoin with over 50,000 BTC worth about $3.15 billion acquired in just ten days. Some believe Bitcoin could revisit its all-time high and get to the $100,000 mark.
- XRP whales are active in this quarter with large quantities of XRP being moved from exchanges to wallets. Over 470 million XRP tokens acquired by whales in the last ten days, and transaction volume hits an eight-month high of $2.39 billion in transaction volume.
- But XRP faced a setback when the SEC appealed its case against Ripple, which tanked XRP by over 10%. Looking ahead, XRP’s price will likely be influenced by ongoing accumulation from whales and how the Ripple case unfolds.
- The ongoing conflict between Israel and Iran has caused the crypto market to go down. Whales are playing the long game and making moves reflecting where they see future value.
- Dogecoin remains one to watch, with something big brewing, especially with the massive investments made by whales. The potential upside breakout is closer than ever.
- Bitcoin is down by 6% in the last week, partly due to the situation in the Middle East, but the whales aren’t budging and doubling down.
- XRP's price will likely be influenced by the ongoing accumulation from whales and how the Ripple case unfolds.
- Crypto whales prove to be the big players with deep pockets and insider knowledge of where the crypto market is headed.
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Blockonomi
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Analysis: How Bitcoin ETF Options May Influence Cryptocurrency Markets
- The recent approval of options trading on Bitcoin Exchange-Traded Funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) has sparked discussions about its potential impact on the cryptocurrency market.
- Some experts suggest that Bitcoin ETF options could increase volatility, potentially triggering a Bitcoin super cycle.
- Cross-collateralization with non-crypto assets may create more efficient margin frameworks in the crypto space.
- Bitcoin options trading has grown significantly in 2024, with monthly volumes reaching up to $71 billion.
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Crypto-News-Flash
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Middle East’s Institutional Investors Gain Access to Bitcoin via Bahrain’s First BTC Fund
- Bahrain's Central Bank has launched the country's first Bitcoin investment fund, providing institutional investors in the Gulf Cooperation Council (GCC) access to Bitcoin with downside protection.
- The fund, developed in partnership with ARP Digital, aims to offer a secure and calculated approach to investing in digital assets.
- Bahrain has been positioning itself as a regional crypto hub, with major companies obtaining licenses to operate in the country.
- The launch of CBB's Bitcoin fund signifies a significant step towards institutional crypto adoption in the Gulf region.
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Tokenhell
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How to Create a Token on the Base Blockchain Without Coding – A Comprehensive Guide
- Ethereum layer-2 blockchain Base has gained popularity for its security and low fees.
- A step-by-step guide to creating a token on Base using Smithii Tools.
- Connect your Base-compatible wallet and define the details of your token.
- Create liquidity pool on Base and enjoy benefits like low fees and scalability.
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Newsbtc
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Short-Term Bitcoin Holders Panic Sell: Here’s Why It Might Be Great News For BTC
- Bitcoin's recent price fluctuations have led to short-term holders (STHs) panic selling and exiting the market.
- This trend has resulted in the transfer of Bitcoin to long-term holders or 'strong hands'.
- The reduced selling pressure from STHs exiting the market may stabilize Bitcoin's price.
- Understanding this behavior can help identify potential market bottoms and accumulation opportunities.
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Altcoinbuzz
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Top 2 Crypto Narratives to SOAR in 2024
- Plume Network and Peaq Network are two projects to keep an eye on in emerging crypto narratives.
- Plume Network is an Ethereum-based blockchain that aims to make the process of bringing real-world assets to the blockchain simple and compliant. They already have 150 projects deploying RWAs on its testnet, with plans to tokenize $1.25 billion worth of RWAs by the end of 2024.
- Peaq Network focuses on the Economy of Things (EoT) and the decentralized physical infrastructure networks (DePINs) sector. Its mission is to give everyday people control over the services corporations control. With over one million machines, vehicles, robots, and devices on their network, it is already the fastest-growing DePIN ecosystem in the world.
- Both of these projects are becoming big players in the next crypto narratives. They are part of the Tokenized Asset Coalition(TAC) and believe in giving community complete control.
- The RWA industry is becoming one of the fastest-growing sectors in crypto, and DePINs could be worth $3.5 trillion by 2028 as per Messari. Therefore, investing in both projects could result in significant returns.
- Plume is attracting investors seeking exposure to blockchain-based assets, leveraging attractive regulations and pending mainstream adoption of RWAs.
- Peaq is highly scalable and environmentally friendly, along with sitting at the crossroads of two massive markets (DePINs and RWAs).
- Peaq is going to majorly launch in October, hitting top exchanges and should not be missed.
- Altcoin Buzz does not provide financial advice and is for educational, entertainment, and informational purposes only. Any investment carries high risks.
- Disclaimer: Copyright Altcoin Buzz Pte Ltd.
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Bitcoinsensus
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FTX Bankruptcy Plan Approved on $16.5B
- The U.S. Bankruptcy Judge John Dorsey has approved the FTX bankruptcy plan, which assumes compensation of $16.5 billion.
- The plan gives priority to small investors with account balances of $50,000 and less.
- Non-government creditors may receive up to 119% of their claims under the approved plan.
- Payouts are expected to start within 60 days of the plan's official launch date.
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Crypto-News-Flash
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Bitcoin Loses Ground as China’s Stock Market Soars – Analysts Predict a Temporary Shift
- China's stock surge is causing funds to flow away from Bitcoin, resulting in a temporary dip in the cryptocurrency market.
- Analysts predict that Bitcoin may recover once China's stock market stabilizes, but uncertainty remains.
- Recent economic stimulus by the Chinese government has led to significant gains in the Shanghai Composite Index and the Hang Seng China Enterprises Index.
- Investors have been shifting funds from stablecoins to Chinese stocks, impacting the demand for Bitcoin.
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TheNewsCrypto
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Top Cryptocurrency to Buy Today Before It Rockets 3,800%, According to Analyst Who Predicted Bitcoin’s (BTC) All-Time High
- Rexas Finance (RXS) is a top cryptocurrency to buy today that could go up as high as 3,800% according to an analyst who predicted Bitcoin's all-time high.
- Rexas Finance is a market leader in the tokenization of real-world assets, enhancing the liquidity and traceability of assets that would otherwise be trapped by the blockchain.
- Rexas Finance presents a digital platform for investing in real-world assets without having to invest huge capital or undergo a tedious process of paperwork.
- Rexas Finance is at the forefront of the presale of its RXS token whose price is reasonable at $0.05 and is expected to grow at an impressive rate due to the revolutionary nature of RWA tokenisation, platform expansion, and RWA adoption growth.
- Investing at an early stage in Rexas Finance serves as insurance against the highly turbulent trends associated with the cryptocurrency markets.
- Rexas Finance is a creative platform aimed at reconciling conventional finance and blockchain technologies, tapping into the increasing asset tokenization sector and leading to the increasing demand for RXS tokens.
- The present RXS token presale offers lower prices for the sale of tokens, a benefit for early investors with an envisaged appreciation of the entire ecosystem of Rexas.
- Rexas Finance aims to simplify processes for users with features and tools such as the Rexas Token Builder and the QuickMint Bot and democratise the investing space where access was previously limited for the vast majority.
- Those who act promptly will secure the RXS tokens on presale, and the investors will benefit the most as Rexas Finance’s popularity in the market keeps increasing.
- Investors should make decisions based on their own research.
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Cryptonews
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Crypto Banter Reveals Coins to Buy When Going All in On Crypto for Max Results
- Ran Neuner remains optimistic about the crypto market, foreseeing a significant uptrend and describing the upcoming phase as “aggressive”.
- His investment strategy involves focusing on blue-chip cryptocurrencies and aiming to double an initial investment multiple times.
- Neuner emphasizes long-term holding, stability, and patience in his approach.
- His portfolio includes major assets like Solana and BTC, with Sui positioned as a promising newcomer.
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Bitcoinist
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Bitcoin Creator Theories Propel Memecoin Craze In Wake Of HBO Documentary Premiere
- The upcoming release of an HBO documentary centered on the long-speculated identity of Bitcoin’s creator, Satoshi Nakamoto, has sparked the launch of memecoins.
- Len Sassaman, a deceased cryptographer, is believed by many to be Nakamoto's true identity, increasing the implied probability in blockchain-based betting platforms.
- Memecoins have gained popularity due to the ease and lower cost of creation and trading on blockchains like Solana.
- The documentary's release may bring new revelations about Nakamoto's identity, which has been a topic of speculation for years.
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Bitcoinsensus
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Fintech Revolut Prevented $13.5 Million Loss Due to Potential Fraud
- Fintech Revolut prevented potentially fraudulent crypto transactions, saving its users around $13.5 million.
- Revolut uses transaction analysis and strict anti-fraud verification rules to identify suspicious activity.
- Less than 0.02% of transactions result in account termination after additional verification.
- Revolut's focus on security aligns with their plans to expand and launch their own stablecoin.
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NullTX
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Bitcoin Continues To Lead As Best-Performing Asset Of 2024 Amidst Q3 Weakness
- Bitcoin remains the best-performing asset of 2024 with a year-to-date gain of 49.2% despite a weak Q3, according to NYDIG.
- A long-dormant whale, holding $73.4 million in Bitcoin, moved another $634,000 worth of BTC to Kraken.
- The network's hash rate continues to rise and is currently at an impressive 683 million terahashes per second (TH/s), indicating the growing computing power being contributed to the Bitcoin network.
- Bitcoin spot ETFs experienced a net outflow of $301 million, reflecting ongoing volatility in investor sentiment.
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NullTX
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Bitcoin Dominance Rises As Ethereum Faces Challenges In Q3
- Bitcoin's dominance surged to its highest level since April 2021 in Q3, while Ethereum and smaller tokens reached new yearly lows.
- Vitalik Buterin sold 10 billion MOODENG tokens for 308.69 ETH, then transferred 260.16 ETH to the charity Kanro.
- Ethereum spot ETFs experienced a net outflow of $30.69 million, with Grayscale's ETHE seeing a significant outflow.
- Bitcoin is solidifying its role as a store of value, while Ethereum faces challenges that could impact its valuation and growth potential.
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