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Bitcoin News
Crypto-News-Flash
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Bitcoin Leads Asset Class Performance Despite Q3 Slump, NYDIG Expects Strong Q4
- Bitcoin remains the best-performing asset of 2024 despite a Q3 slump, with a 49.2% year-to-date increase.
- NYDIG predicts a strong Q4 for Bitcoin due to institutional demand and potential political catalysts.
- Bitcoin faced challenges in Q3, including sell-offs and large-scale government sales.
- Q4 is traditionally favorable for Bitcoin, and upcoming political events could further drive its growth.
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Altcoinbuzz
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Buterin Donates 100 ETH to Roman Storm’s Defens
- Vitalik Buterin has donated 100 ETH, worth around $240,000, to support Roman Storm's defense.
- Roman Storm is facing legal trouble related to the use of Tornado Cash, a tool for anonymous cryptocurrency transactions.
- Storm has been charged with helping people use Tornado Cash for illegal activities and could face up to 45 years in prison.
- Buterin's donation and support from others in the crypto community are crucial for Storm's legal battle.
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Newsbtc
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Crypto Analyst: Why Memecoins Are Still The Next 100x Opportunity
- Crypto analyst Kai has argued in an article that owning a curated basket of memecoins could allow investors to outperform 99% of market participants by 2025.
- Kai notes that memecoins are the only category that has found a clear product-market fit outside of Bitcoin and stablecoins.
- He identifies two main external factors that could drive a memecoin surge: favorable macro liquidity and interest rates, and an increase in financial nihilism and the YOLO mindset.
- Kai highlights the importance of nuanced analysis when selecting promising memecoins, including emotional resonance, simple tickers, and active community engagement.
- Potential risks associated with investing in memecoins include macro regime change and idiosyncratic events.
- Kai concludes by emphasizing the importance of understanding investor psychology and remaining vigilant and adaptable when investing in memecoins.
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Cryptoticker
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Is Len Sassaman Satoshi Nakamoto? HBO Documentary Might Answer That TOMORROW
- The release of HBO documentary Money Electric: The Bitcoin Mystery has reignited the debate around the identity of Satoshi Nakamoto.
- Len Sassaman, a late cryptographer, is suggested as a potential candidate for being Satoshi Nakamoto.
- The documentary aims to shed light on the mystery of Nakamoto's identity and has sparked interest in the crypto community.
- Speculation continues to grow, with Sassman having a high probability, according to bettors on PolyMarket.
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NullTX
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Bitcoin Fees Drop 86% While Market Confidence Soars As Dominance Reaches New Highs
- Bitcoin fees have dropped 86% this quarter, but market confidence remains high with Bitcoin dominance reaching new highs.
- While Bitcoin's price remained relatively flat, major altcoins like Ethereum and smaller tokens hit new yearly lows.
- The 'dolphin tier' of traders holding between 0.1 and 10 BTC has seen significant growth since July 4th.
- Long-term Bitcoin holders are taking profits, while short-term holders are ramping up, signaling a growing risk appetite in the market.
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Altcoinbuzz
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Cardano Founder: Sui Is What Solana Should Be
- Cardano founder, Charles Hoskinson, believes that Sui is what Solana could have been if things had gone differently.
- Hoskinson praises Sui's innovations but still considers Cardano's approach superior.
- Sui is seen as a blockchain that fixes some of Solana's issues, being faster, more secure, and having fewer problems so far.
- Hoskinson believes that while Sui has impressive features, it doesn't surpass Cardano's vision and security.
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Crypto-News-Flash
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Bitcoin Market Share Hits 54%, Altcoins Struggle to Keep Up
- Bitcoin market share has surged to 54%, the highest since 2021, highlighting its resilience amidst altcoin struggles.
- Altcoins, including Ethereum, saw significant price drops, while Bitcoin remained stable, cementing its status as a safer asset.
- Bitcoin's dominance in the crypto industry skyrocketed to 54% in Q3, while Ethereum's market share plummeted to just 13%.
- Investors are choosing Bitcoin over altcoins, as many of these lesser cryptocurrencies have seen their value drop, and are also investing in stablecoins for stability amidst market volatility.
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Blockonomi
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Bitcoin Price Forecast: Analysts Predict $100,000 by Year-End
- Bitcoin price predicted to reach $100,000 by year-end
- Past halving cycles suggest potential price breakout in 2-3 weeks
- China’s $280 billion stimulus and Fed rate cuts are bullish factors
- Bank of Japan’s dovish stance and potential Trump victory support Bitcoin
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Cryptopotato
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What’s Next for Ripple (XRP) Price Following the SEC Appeal, Bitcoin (BTC) Resurgence, and More: Bits Recap Oct 7
- The SEC's continued legal action caused a temporary drop in XRP's price, but analysts remain confident about its long-term outlook.
- BTC rebounded to over $63,500, with bullish predictions for a potential rally toward $100,000 and beyond.
- ETH recovered to nearly $2,500, with analysts forecasting a move to $2,800 amid reduced exchange reserves.
- XRP plunged after the SEC filed an appeal, currently trading at around $0.54.
- BTC recovered from a dip, standing at over $63,500, with predictions of a bull run towards $100,000.
- ETH improved, trading at almost $2,500, with expectations of reaching $2,800 due to reduced exchange reserves.
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Altcoinbuzz
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Crypto Phishing Scams Stole $46M in September
- Crypto phishing scams stole $46 million worth of cryptocurrencies in September.
- Q3-2024 reported a total of $750 million in crypto phishing scams, with September alone accounting for $46 million.
- Only 4.1% of the stolen funds were recovered in Q3-2024, bringing the total losses down to $722 million.
- Ethereum was the most targeted chain with 96 incidents and $387.8 million in losses, while Bitcoin had one incident with a loss of $238 million.
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Crypto-News-Flash
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Bitcoin Is ‘Sound Money,’ Ethereum a ‘Speculative Tech Bet,’ Says BlackRock
- Asset manager BlackRock categorized Bitcoin as a gold alternative and Ethereum as an equity or speculative tech bet.
- Bitcoin is seen as a hedge against global disorder and eroding trust in traditional structures.
- Ethereum is presented as a core infrastructure supporting blockchain-based applications.
- While BlackRock's explanation suggests Bitcoin benefits from geopolitical tensions, recent market moves contradicted this.
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Newsbtc
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Here’s Why The Bitcoin Price Could Hit $100,000 Before The End Of The Year
- Bitcoin price could reach $100,000 by the end of the year, according to crypto analyst Ash Crypto.
- The past halving cycles indicate a consolidation phase before price breakout, with Bitcoin having consolidated for 161 days since the April halving event.
- Factors supporting the potential price breakout include China's monetary easing policies, US Federal Reserve's interest rate cuts, the Bank of Japan's dovish stance, and other factors such as Donald Trump's potential US presidential win, Spot Bitcoin ETF accumulation, low Bitcoin flow to exchanges, FTX repayments, Russia's plan to use cryptocurrencies for cross-border payments, and increased global money supply.
- The crypto market has not fully factored in these bullish fundamentals, and a new all-time high for Bitcoin is expected.
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Altcoinbuzz
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Christie’s Launches Blockchain Ownership Certificates for Photos
- Christie’s partners with Kresus to offer blockchain ownership certificates for photos.
- 130 lots in an auction will have digital certificates issued on the Base blockchain.
- The use of blockchain enhances trust and transparency in the art market.
- Blockchain-based certificates provide a secure and transparent way to prove ownership.
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26 Likes
Coinpedia
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Bitcoin, XRP, ETH Price Prediction for Next Week: Uptober Begins!
- Bitcoin price aims for $85K with a bullish breakout eyeing the all-time high.
- Ethereum price forms a morning star pattern, aiming to cross $3,000.
- XRP price targets $0.61 with a bullish reversal amid expectations of no SEC appeal.
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TheNewsCrypto
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Bitcoin Surges 2.5% as Crypto Market Reacts to Fed Meeting Expectations
- Bitcoin climbs 2.5% to $63,387 and reaches an intraday high of $63,957.
- Crypto market sentiment is positive as investors await Federal Reserve meeting minutes.
- Lower-than-expected inflation figures could drive interest in digital assets.
- US CPI for September expected to show a modest rise of 0.1%.
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