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Bitcoin News
Cryptonews
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Glassnode Report: Key Metric Shows Bitcoin May Be Ready For ‘Interesting Moment’
- Bitcoin recently hit a higher high at the US$66k mark, indicating potential trend reversal after continuous declines.
- Historical analysis by Glassnode reveals similar Bitcoin price patterns from past cycles, suggesting a possible phase shift.
- US Spot ETFs influence Bitcoin’s market dynamics significantly, holding 4.6% of the circulating supply and driving capital inflows.
- Analysts point to exceptional institutional interest as a driver for Bitcoin's price performance and capital flow dynamics.
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Newsbtc
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Ethereum Solo Staking Made Easier? Vitalik Buterin Supports Lower Entry Requirements
- Ethereum co-founder Vitalik Buterin supports reducing the ETH solo staking requirement to lower the entry barrier and promote network decentralization.
- Buterin believes the current 32 ETH requirement is a bigger obstacle than bandwidth limitations.
- He suggests temporarily increasing bandwidth requirements to reduce the minimum staking deposit to 16 or 24 ETH.
- Buterin emphasizes the significance of solo stakers in bolstering Ethereum's security and decentralization to tackle potential attacks.
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Cryptonews
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SWIFT Set to Revolutionise Banking with 2025 Digital Asset Trials
- SWIFT is set to trial the use of digital currencies across its network in 2025. Financial institutions in North America, Europe and Asia will use SWIFT’s network to explore the integration of digital assets including cryptocurrencies like Bitcoin. The trials will cover payment, foreign exchange, securities, and trade use cases. The aim of the trial is to provide banks with the ability to transact seamlessly using digital assets. SWIFT hosts a messaging network for banks to transfer money globally.
- SWIFT aims to address fragmentation in the digital asset space leading to many isolated platforms, labelled as digital islands. The apps developed tend to function independently of each other thereby, hindering the widespread adoption of digital assets in the banking industry. This trial is expected to simplify global financial institutions' dealing in both digital and traditional forms of currency value.
- The SEC has filed an appeal against Ripple labs ongoing lawsuit, contesting XRP's classification as a non-security token in July, which was partially granted by the courts. It maintains XRP's security status in the sale of institutional investors. The appeal has broader implications for future regulatory frameworks worldwide for cryptocurrencies. Ripple’s value fell over 3% in response to the appeal.
- The cryptocurrency market is anxiously awaiting a breakout in Bitcoin past its previous high of $64k. The market remains in flux with hesitancy from investors due to low volume and a lack of momentum. Historically, when Bitcoin retests its previously set high, investors anticipate a significant breakout. However, this time, the lack of momentum has created uncertainty as investors prepare for the next phase of Bitcoin's price action.
- With October traditionally receiving positive gains in Bitcoin trading, this year, many macroeconomic factors have influenced the market's consolidating wedge pattern. Analysts believe that this pattern could indicate growing volatility, which may lead to either an impending breakout or a breakdown.
- As election cycles tend to bring heightened volatility to the crypto and traditional markets due to the uncertainty around policies and economic direction, analysts anticipate price fluctuations in Bitcoin over the next few months.
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Newsbtc
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Over 1.8 Million Addresses Bought 52 Million ETH At $2,350: Will Ethereum Continue Falling?
- Ethereum is facing pressure as it mirrors the general performance of the crypto market, with a 2% drop and the total market cap at $2.17 trillion.
- The $2,350 level has emerged as a support level for Ethereum, with 1.89 million ETH bought at that price range by 1.8 million addresses.
- The $2,100 to $2,350 zone will determine the medium to long-term trend for Ethereum, with the possibility of a rally above $2,800 or a sharp dump below August and September lows.
- Sellers currently have the upper hand, as evidenced by massive outflows from centralized exchanges and the selling activity of market makers.
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TronWeekly
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Bitcoin Set for Final 10% Fall, Says Top Analyst
- Bitcoin is currently hovering near key support levels on the daily chart.
- A bullish crossover of the 20-day moving average above the 50-day moving average supports upward momentum.
- The RSI indicates oversold conditions, hinting at a potential price rebound.
- Expert analyst Dan Gambardello believes Bitcoin is preparing for a strong rebound after recent weekly lows.
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Crypto-News-Flash
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US Elections and Geopolitical Strains Favor Bitcoin, JPMorgan Predicts ‘Debasement Trade
- JPMorgan predicts increased demand for Bitcoin due to U.S. elections and geopolitical tensions.
- Investors are turning to Bitcoin as a hedge against economic risks and potential growth under Trump.
- Geopolitical uncertainty and fears of inflation drive the 'debasement trade' favoring gold and Bitcoin.
- Rising interest in Bitcoin futures and renewed inflows into cryptocurrency ETFs further support the trend.
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Crypto-News-Flash
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HBO Documentary Set to Reveal Bitcoin’s Mysterious Creator, Satoshi Nakamoto
- HBO's documentary will explore the mystery of Bitcoin's creator, Satoshi Nakamoto.
- Speculation and failed claims regarding Nakamoto's identity will be highlighted.
- The Bitcoin community is divided on whether Nakamoto's anonymity should be respected.
- BTC is currently valued at $61,220.39, with a 0.38% increase in the past day and a 5.99% decrease in the past week.
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Bitcoinist
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Bitcoin And Ethereum Activity Dips: Active Addresses See Steady Decline
- Bitcoin and Ethereum are experiencing a decline in network activity and active addresses.
- The decrease in active addresses suggests a potential slowdown in user adoption and transaction volume.
- Experts attribute the decline to factors such as market uncertainty and profit-taking.
- Bitcoin and Ethereum prices have also experienced negative sentiments and a reduction in trading volume.
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TronWeekly
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Bitcoin Faces Potential Decline as Peter Brandt Identifies ‘Three Blind Mice’ Pattern
- Peter Brandt identifies a bearish 'Three Blind Mice' pattern suggesting potential decline for Bitcoin.
- Bitcoin needs to close above $71,000 for a potential trend reversal.
- Geopolitical tensions and investor reevaluation contribute to Bitcoin's decline.
- Diverging opinions exist, with some traders suggesting consolidation and others urging resilience.
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Newsbtc
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Crypto Capo Returns After 2 Months To Predict Ethereum Decline To $1,800, Is It Time To Go Long?
- Crypto analyst Il Capo of Crypto has returned after two months of hiatus and shared a bearish outlook for Ethereum.
- Capo predicts Ethereum could decline to $1,800 before rebounding.
- Capo has consistently believed in the upcoming dominance of altcoins but an altcoin season has yet to materialize.
- Despite Capo's prediction, it's uncertain if Ethereum will experience a significant drop or rebound given current market trends and investments.
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Crypto-News-Flash
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Gold Surpasses Euro as Second-Largest Central Bank Reserve Asset: Is Bitcoin Next to Claim the Throne?
- Gold has surpassed the euro to become the second-largest reserve asset for global central banks, comprising 16% of total reserve assets.
- Central banks have been increasing their gold purchases in recent years, particularly in the East, as a way to hedge against economic uncertainties and geopolitical tensions.
- Meanwhile, the share of the USD as a global reserve asset has dropped to 58%.
- While gold prices have been surging amid the escalating Israel-Iran conflict, Bitcoin's value has fallen by over $4,000 since October 1.
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Newsbtc
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Is Crypto Losing Steam? Bitcoin And Ethereum Addresses Shrink In 2024
- The cryptocurrency market is experiencing a decline as Bitcoin and Ethereum active addresses decrease.
- Bitcoin's active addresses have contracted by 1.17 million to 855,000, while Ethereum has reduced by 382,000 to 312,000 year-to-date.
- The absence of new investors entering the market is the primary cause of this decline.
- Despite challenges, there are indications of a potential rebound, as Ethereum funding rate remains positive and large holders accumulate assets.
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TronWeekly
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9
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Bitcoin May Drop To $52,000 As Market Trends Show Bearish Signals
- Bitcoin could be set for a sharp decline, with analysts predicting it could fall to $52,000 due to a descending parallel channel pattern.
- The Long/Short Volume to Open Interest Ratio and market sentiment influence Bitcoin's price shifts and potential corrections.
- Investors are closely watching for signs of further decline or recovery as Bitcoin's price volatility continues.
- BTC currently trades at $60,716, showing a 0.78% decline over the past day.
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Cryptopotato
1M
389
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Upcoming HBO Documentary Claims to Have Identified Satoshi Nakamoto
- The upcoming HBO documentary titled "Money Electric: The Bitcoin Mystery" claims to have identified Satoshi Nakamoto, the pseudonymous creator of Bitcoin.
- The documentary by Cullen Hoback is expected to air next Wednesday at 2 AM CET.
- If the findings are widely accepted, it could have significant implications for the financial markets and the US presidential election, particularly regarding the support of Bitcoin enthusiasts.
- Cullen Hoback, known for his series "Q: Into the Storm," previously exposed the authors of the QAnon conspiracy theory.
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Stackexchange
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What is the proper configuration and command to run bitcoincore and use RPC over LAN?
- To configure Bitcoin Core and use RPC over LAN, you need to make the following setup:
- 1. Start bitcoind with the command: bitcoind -rpcbind=0.0.0.0 -rpcallowip=192.168.1.0/24
- 2. Set the RPC password in the bitcoin.conf file
- 3. Verify that curl connects successfully to the server from a Windows machine on the LAN
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