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Bitcoin News
Cryptopotato
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Bitcoin Leads Investor Activity with $159M in Outflows; But Multi-Asset Products Shine
- Bitcoin saw significant investor focus, with outflows reaching $159 million.
- Ethereum experienced a downturn, with $29 million in outflows.
- Multi-asset investment products brought in $29 million, marking 16 consecutive weeks of inflows.
- Canada and Switzerland showed a bullish trend with inflows of $43 million and $35 million, respectively.
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Bitcoinist
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Bitcoin News: Fewer And Fewer People Willing To Sell BTC
- According to on-chain data, fewer people are willing to sell their Bitcoin (BTC) holdings.
- Less than 10% of BTC holders were eager to sell as of October 2024, compared to 26% in mid-2021 and 64% in 2013.
- Long-term holders and short-term holders are willing to hold onto their BTC despite its volatility.
- The engagement of institutions, especially with the approval of Bitcoin ETFs, and the limited options market contribute to this trend.
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TheNewsCrypto
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Latest Report Reveals 7.51% of Global Population Now Uses Crypto
- According to a report by MatrixPort, 7.51% of the world’s population now uses digital currencies, with a predicted increase to over 8% by 2025.
- Increasing institutional participation is cited as one of the main reasons for the rise in cryptocurrency adoption.
- Bitcoin remains the most widely accepted cryptocurrency, especially during times of economic instability.
- Regulatory difficulties, market volatility, and security concerns pose challenges to further adoption despite positive predictions.
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Cryptoslate
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Texas town Rockdale’s Mayor credits Bitcoin for economic turnaround
- The Mayor of Rockdale, Texas, Ward Roddam, credits Bitcoin for revitalizing the town's economy.
- Bitcoin miners, such as Riot Platforms and Bitdeer, have repurposed the old Alcoa facility in Rockdale, creating new jobs and generating over $1 billion in investments.
- Bitcoin miners actively support community initiatives through donations and sponsorships, benefiting the local economy.
- Roddam believes that Bitcoin's growth can fuel the economic revival of rural Texas.
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Bitcoinist
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Is Bitcoin (BTC) Demand Rising? More Investors Dive Into Leveraged Trades
- Bitcoin demand is potentially rising as leverage trading activity reaches new highs.
- Favorable macroeconomic conditions and the approaching halving cycle suggest substantial gains for BTC.
- Increased leverage trading indicates heightened interest and participation in the market.
- Bitcoin's price action at key resistance levels will determine its future trajectory.
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Bitcoinmagazine
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A Trump Presidency Is The Best Outcome For Bitcoin: NIKOLAUS
- Donald Trump is seen as the best candidate for Bitcoin in the upcoming 2024 presidential election.
- Trump's appeal to Bitcoiners can help him gain more votes in critical swing states.
- There are several pro-Bitcoin senators and congresspeople to hold Trump accountable for his promises.
- Trump's policies could provide a friendly regulatory environment for Bitcoin and promote innovation.
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Zycrypto
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Bitcoin “Super Cycle” Could Drive BTC To $400,000, Predicts Analyst
- Bitcoin (BTC) is showing strength with its market value climbing to a high of $63,700 on Monday despite heavy shorting on major exchanges like Binance and BitMEX.
- Analysts predict a potential major breakthrough for Bitcoin, with suggestions that ongoing fear, uncertainty, and doubt in the market could drive prices even higher.
- The forecast includes Bitcoin surging to $400,000 in the next cycle, driven by its past halvings, institutional adoption, and role as a hedge against inflation.
- Factors such as increasing regulatory clarity, wider acceptance from retail and institutional investors, and a tightening supply further support the bullish outlook for Bitcoin.
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TheNewsCrypto
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Crypto Investment Products Face $147M Outflow, Ending Inflow Streak
- For the week ending September 29th, digital asset investment products lost $147 million.
- Crypto investment products had inflows of roughly $2 billion in the prior three weeks.
- Investors have been favoring multi-asset solutions for diversified portfolios.
- Bitcoin investment products were the most actively traded last week.
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3 Likes
TronWeekly
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Bitcoin Defies Q3 Weakness, Remains 2024’s Best-Performing Asset
- Bitcoin remains the best-performing asset class in 2024 despite a traditionally weak third quarter.
- BTC posted a 2.5% gain in Q3, rebounding from a dip in the second quarter.
- Overhangs from large BTC holders, including governments, impacted market sentiment.
- Bitcoin ETFs continue to grow with notable inflows, contrasting with ETH ETFs’ underperformance.
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Coin Telegraph
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Sen. Elizabeth Warren will debate lawyer John Deaton twice in October
- Democratic Senator Elizabeth Warren and Republican candidate John Deaton will debate each other twice before the 2024 election.
- The debates will take place on October 15th and October 17th.
- The first debate will be held in Boston on WSBK-TV.
- The second debate will be hosted by New England Public Media and GBH News in Springfield.
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14 Likes
TheNewsCrypto
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National Bank of Bahrain (NBB) Unveils Bitcoin Investment Fund
- The National Bank of Bahrain (NBB) has launched the first Bitcoin investment fund in the Gulf Cooperation Council (GCC) region in partnership with APR Digital.
- Authorized investors will have access to the fund, providing exposure to Bitcoin and protecting fiat currencies from depreciation.
- The NBB aims to expand its services for wealthy clients and sees the potential for Bitcoin to surpass all other currencies in value.
- Bahrain ranks fifth among governments with the highest holdings of Bitcoin, with 13,166 BTC ($844 million) in its possession.
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Zycrypto
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“Sorry Bears,” Asserts CryptoQuant CEO as Bitcoin Readies For Fresh Bull Cycle
- Bitcoin (BTC) shows a 2% surge, currently trading at $63,718, but remains confined within an expanding wedge pattern.
- CryptoQuant CEO Ki Young Ju asserts that Bitcoin is still in the middle of a bull cycle, with market cap growing faster than realized cap.
- Axel Adler, an analyst at CryptoQuant, points to the Exchange Flow Multiple, suggesting decreased volatility and potential market stabilization.
- Analyst Maartum cautions that Bitcoin's high open interest rate indicates a potential for volatility and advises against fresh long positions.
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17 Likes
TronWeekly
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TON Wallet Drainer Shuts Down, Shifts Focus to Bitcoin
- A wallet drainer targeting The Open Network (TON) has announced its closure and is now redirecting users toward Bitcoin.
- The closure of the TON wallet drainer raises concerns as hackers shift their focus to Bitcoin for potential gains.
- Security experts warn of growing malicious interest in the TON ecosystem due to its vulnerabilities.
- Phishing attacks persist, with September reporting over 10,800 victims and $46.6 million in losses.
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Bitcoinsensus
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National Bank of Bahrain Launches Its First Bitcoin Investment Fund
- National Bank of Bahrain (NBB) has partnered with APR Digital to launch its first Bitcoin investment fund.
- Bahrain, already one of the largest Bitcoin holders, aims to strengthen its position in the crypto sector.
- The fund offers structured investments for accredited investors in a safe and sustainable platform.
- NBB expressed pride in introducing this innovative product to blend digital asset exposure with capital protection.
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TheNewsCrypto
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NFT Weekly Sales Volume Surges to $84.9M Despite Market Slump
- Weekly sales of non-fungible tokens (NFTs) reached $84.9 million, surpassing levels not seen since August.
- NFT collection Dmarket had the highest sales with 537,714 transactions.
- Mythos Chain saw a rise of over 6,000% in sales in the previous seven days.
- The NFT market is experiencing a rebound with an increase in weekly volume and number of purchasers.
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14 Likes
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