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Bitcoin News
Coinpedia
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Bitcoin Price Prediction: Here’s What to Expect from the BTC Price Rally as Whales Flush Out Their Holdings
- Bitcoin price is attempting to recover, but bears are resisting.
- Whales are liquidating their holdings regardless of profit or loss.
- Weak buying at $60,000 suggests decreased interest among market participants.
- Bitcoin price's next move depends on its performance around $63,000.
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Coinpedia
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Bitcoin Price Prediction: Crash Over, Rally Ahead; Next Stop $68,000
- Bitcoin has bounced from a key support area, indicating a potential short-term recovery.
- The rebound coincides with oversold signals, suggesting a shift in momentum.
- Key support zone is between $60,200 and $61,200. Falling below $60,000 could lead to a decline towards $56,000-$57,000.
- Resistance levels to monitor are $63,000, $64,500, and $67,000-$68,000, with a breakout above $68,000 necessary for a more bullish sentiment.
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Bitcoinist
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Why The Bitcoin Bounce Off $66,000 Is Not Entirely Bad News
- Bitcoin price surged from $53,500 to $66,000 but pulled back to $61,000 showing volatility.
- The rally to $66,000 led to a change in investing dynamics among holder cohorts.
- Reversal and retest after the rally may set the stage for a resilient long-term price outlook.
- Short-term holders' profitability improved while long-term holders have an opportunity to accumulate more.
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Newsbtc
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Is The Worst Over For Bitcoin? Analyst Suggests Local Bottom May Be Here
- A CryptoQuant analyst suggests that Bitcoin may have reached a local bottom.
- Long liquidations in the futures market could influence Bitcoin's price and potentially lead to a short-term recovery.
- Over 4,000 BTC long positions were liquidated on October 1st, indicating a potential market reversal or local bottom.
- Recent buying interest and a surge in the Taker Buy/Sell Ratio on an exchange suggest a potential upward momentum for Bitcoin.
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NullTX
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Wrapped Bitcoin Staking Gains Traction: New Players Emerge In The Market
- 6% of all wrapped Bitcoin is being staked through various yield protocols, indicating a growing trend in the market.
- $WBTC and $BTCB dominate the wrapped Bitcoin sector, accounting for over 81% of the total supply.
- New players such as $SolvBTC, $LBTC, and $BBTC are gaining traction and challenging the market leaders.
- The emergence of these newer tokens reflects a shift in the market dynamics towards liquidity and maximizing returns.
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NullTX
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Bitcoin Faces Mixed Signals As Futures Liquidations Drop And Spot ETF Demand Rises
- A recent decline in Bitcoin futures liquidations suggests reduced selling pressure and a potential local bottom for a short-term price rebound.
- Demand for Bitcoin from U.S. spot ETFs has been on the rise, with funds buying 7,000 BTC by the end of September.
- However, Bitcoin spot ETFs recorded a net outflow of $54.133 million on October 3, indicating mixed results in ETF activity.
- While there are signs of reduced selling pressure and rising institutional demand, Bitcoin's future price trajectory remains uncertain.
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Coinpedia
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Traders Uncertain On the Next Bitcoin (BTC) Price Rally—Here’s Why
- The recent pullback in Bitcoin (BTC) price has left traders uncertain about the next rally.
- Traders have contributed to the selling pressure, causing the volume to increase during the dip.
- Analyst Justin Bennett suggests that the price may test the lower support at around $57,500.
- Currently, BTC price is retesting the re-accumulation range low and may trigger a rally to reclaim lost levels.
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Coinpedia
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Weak Buying at $60K—Is Bitcoin’s Next Price Rally in Danger?
- The market has experienced heavy losses as most tokens have dropped by 15% to 20%.
- Traders are not buying at the dip at $60,000, contributing to selling pressure.
- The BTC price may test the lower support at around $57,500.
- If the price sustains above key levels, it could rise to reclaim lost levels.
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16 Likes
Newsbtc
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Bitcoin In Flux: Bearish Trends Can’t Deter $100,000 Price Predictions, CNBC
- Bitcoin (BTC) experiences fluctuations between bearish and bullish sentiments.
- Resurgence in demand for Bitcoin ETFs offers hope for medium-term price increase.
- Bitcoin prices historically rise in the fourth quarters of Halving cycles.
- Factors like interest rate cuts and global tensions contribute to the volatile price action.
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Pymnts
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Visa, PayPal and Others Could Bring Utility and Legitimacy to Stablecoins
- Visa, PayPal, and other major industry players are showing increasing interest in stablecoins and blockchain technology.
- PayPal completed its first business payment using its in-house stablecoin, PYUSD, and also made a venture investment in blockchain firm Chaos Labs.
- Visa launched the Visa Tokenized Asset Platform (VTAP), allowing banks to issue fiat-backed tokens, enhancing stability and legitimacy in the stablecoin ecosystem.
- The involvement of established players like Visa and PayPal signifies the maturation of stablecoins, opening up new use cases and paving the way for wider adoption in the financial world.
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Cryptoslate
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Bitwise shifts Bitcoin, Ethereum futures ETFs to dynamic crypto and treasuries strategy
- Bitwise plans to shift three of its Bitcoin and Ethereum futures ETFs from long-only strategies to ones that alternate between crypto and US Treasuries.
- The ETFs will be rebranded to Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF, Bitwise Trendwise Ethereum and Treasuries Rotation Strategy ETF, and Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF.
- These ETFs will adjust their exposure to crypto or US Treasuries based on market conditions to improve risk-adjusted returns.
- The strategy relies on a proprietary signal that monitors crypto prices, investing in crypto during upward momentum and rotating into US Treasuries during bearish conditions.
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16 Likes
Cryptonews
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Documentary Claims to Know Identity of Bitcoin Creator Satoshi Nakamoto, Igniting Debate
- A new HBO documentary titled Money Electric is set to reveal the identity of Bitcoin's creator, Satoshi Nakamoto.
- The documentary will air on October 8th in the US, sparking debate and skepticism within the crypto community.
- The documentary may link Satoshi Nakamoto to crimes associated with Bitcoin's usage.
- Speculation suggests the documentary will mention Len Sassaman as a potential Satoshi Nakamoto.
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Nigeriabitcoincummunity
1M
398
MemeFi Launch Date Announced: 3 Reasons Why MemeFi Will Cook!
- MemeFi will be launched on 9th October 2024
- MemeFi's tokenomics reveal 90% of tokens allocated to the community
- CEX listing for MemeFi is yet to be confirmed, with rumors of major exchanges
- MemeFi offers gamified DeFi, community-driven governance, and potential for massive returns
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23 Likes
Bitcoinist
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Trump Courts Crypto Voters: Pledges To Free Silk Road Founder Following 2024 Elections
- Former President Donald Trump has promised to commute the sentence of Silk Road founder Ross Ulbricht if he wins the 2024 US presidential election, according to a Bloomberg report.
- Trump aims to appeal to the crypto community by advocating for Ulbricht's release, which is seen as symbolic for the original principles of Bitcoin.
- Ulbricht, currently serving a double life sentence without parole, has maintained communication with the outside world and remains an advocate for Bitcoin.
- Apart from the Ulbricht pledge, Trump has made other promises to the crypto community, including creating a strategic Bitcoin reserve and firing the current SEC Chair, Gary Gensler.
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Bitcoinist
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Who Will HBO’s Documentary Reveal As Bitcoin Inventor? Community Reacts
- HBO is set to air a documentary titled "Money Electric: The Bitcoin Mystery" that claims to reveal the true identity of Bitcoin's creator, Satoshi Nakamoto.
- Directed by Cullen Hoback, known for his investigative work in the series "Q: Into the Storm," the documentary has sparked speculation and skepticism within the Bitcoin community.
- Prominent figures in the crypto space, such as Max Keiser and Peter McCormack, have expressed doubts about the documentary's claims and emphasized the importance of respecting Satoshi's anonymity.
- Speculations about the potential Bitcoin inventor mentioned candidates like Hal Finney, Nick Szabo, and Adam Back, but the true identity of Satoshi Nakamoto remains a mystery.
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