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Bitcoin News

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Coinpedia

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Is Bitcoin’s End Game Near? Bears Flirt with $60K as More Downside Looms in Coming Weeks

  • Bitcoin is facing rejection at a critical resistance line, raising bearish concerns.
  • The recent spike in the U.S. Dollar Index (DXY) is contributing to the downturn.
  • Bitcoin's price has descended towards a support range between $60,000 and $61,200.
  • Further decline below this zone could indicate a more pronounced bearish trend.

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Bitcoinist

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Bitcoin Bull Run Already Over? Quant Sounds Alarm Over Active Addresses Trend

  • Bitcoin Active Addresses have been declining since March, indicating a potential bearish trend for BTC.
  • The 100-day SMA of Bitcoin Active Addresses is rapidly decreasing, falling below previous bear market lows.
  • A collapse in active addresses could be a bearish sign for Bitcoin's price.
  • However, CryptoQuant CEO believes Bitcoin is still in the middle of the bull cycle based on the Bitcoin Growth Rate Difference indicator.

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Newsbtc

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UNI Bullish Rebound Signals Upsurge, Targets $8.7 Resistance Ahead

  • UNI is experiencing a bullish rebound and aims to surpass the $8.7 resistance level.
  • Market sentiment has shifted in favor of the bulls, with buying pressure increasing.
  • Technical indicators, such as the RSI and moving averages, suggest a positive upward trend.
  • If UNI successfully breaks through $8.7, it could surge towards $10.3, but failure may lead to a pullback.

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Crypto-News-Flash

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AI Altcoins Ready for a Q4 Surge—Which Tokens Are Poised for a Comeback

  • Some AI tokens, including NEAR, INJ, and FET, show signs of a bullish reversal amidst market downturn.
  • NEAR is predicted to rebound and retest the $5.5 high.
  • INJ could stage a rebound to retest its daily high of $24.
  • FET could surge to $2.2 if bulls breach the $1.650 resistance level.

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Altcoinbuzz

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Hacker Pleads Guilty to $37 Million Crypto Theft

  • Evan Frederick Light, a hacker, has pleaded guilty to stealing $37 million worth of cryptocurrency.
  • Light unlawfully accessed an investment firm's computer servers and stole customer information to take cryptocurrencies from clients.
  • He attempted to cover his tracks by funneling the stolen money through crypto mixers and gambling websites.
  • The FBI reported a significant increase in cryptocurrency fraud cases, with Americans losing $5.6 billion in 2023.

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Coinpedia

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Why Did Bitcoin Price Crash? Is $53,600 Imminent?

  • Bitcoin faced a 5% dip followed by another 5.9% dip, reaching a bottom at $60,200.
  • The crash was caused by intense seller pressure and overconfidence of investors.
  • The non-market reasons for the crash were Jerome Powell's statement about rate cuts and the Israel-Iran war.
  • Bitcoin might face further dip and reach $53,600 if conditions do not improve soon.

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Blockonomi

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Hut 8 Repays $38M Loan, Launches AI Computing Service

  • Cryptocurrency mining company Hut 8 has repaid a $38 million loan from Anchorage Digital through a stock conversion deal.
  • Hut 8 has launched a GPU-as-a-service program aimed at AI developers to expand into the artificial intelligence (AI) computing market.
  • Despite the loan repayment, Hut 8 still carries around $290 million in debt, including a $150 million convertible note.
  • Hut 8 currently operates 10 Bitcoin mining facilities and 5 high-performance computing data centers.

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Altcoinbuzz

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Binance Adds Risk Warnings for Major Tokenomics Changes

  • Binance has introduced risk warnings for tokens with significant tokenomics changes.
  • Starting from October 1st, 2024, a risk warning banner and pop-up notification will be displayed for tokens that have experienced major changes.
  • This initiative aims to boost transparency and help users make better-informed trading decisions.
  • The risk warnings will apply to tokens like Travala, Chiliz, Enjin Coin, IOTA, Lisk, and more.

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12 Likes

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Coinpedia

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Bitcoin Price Prediction October 2024: A Historic Month for Crypto?

  • October has historically been a favorable month for Bitcoin with positive monthly returns.
  • Jelle, a long-term crypto investor, predicts a breakout in the Bitcoin market in a few weeks.
  • Jelle suggests the possibility of a higher low before Bitcoin reaches a new all-time high.
  • Bitcoin price analysis shows bearish sentiment in September and a crucial next few days for the price.

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Newsbtc

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Bitcoin Starts October In The Red After Crash To $61,000, Is ‘Uptober’ A Myth?

  • Bitcoin started October on a negative note, falling below $61,000 after facing setbacks in September.
  • The decline in Bitcoin's price is attributed to geopolitical conflicts in the Middle East, raising doubts about its role as a safe haven asset.
  • Spot Bitcoin ETFs experienced outflows of $246.2 million as tensions rose in the Middle East.
  • Despite the current downturn, historical data suggests that October has been a positive month for Bitcoin, giving some investors hope for a potential recovery.

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TronWeekly

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Bitcoin’s Best Month Ahead? Options Trading Activity Climbs as October Starts

  • Bitcoin options trading activity is increasing as October begins, historically being BTC's most profitable month.
  • Investors are adopting a risk-on mentality, driven by U.S. Federal Reserve rate cuts and speculation of Bitcoin surpassing $100,000 by December.
  • Bitcoin spot trading volumes doubled in September to $10 billion, but remain below the highs of September 2022.
  • Altcoins are outperforming Bitcoin and Ethereum, with increased interest and maintained prices across various cryptocurrencies.

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18 Likes

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Altcoinbuzz

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Binance Now Operational in Argentina Following VASP Approval

  • Crypto exchange Binance has received regulatory clearance to operate in Argentina.
  • Argentina's National Securities Commission recognizes Binance as a virtual asset service provider (VASP).
  • Binance sees Argentina as a strategic crypto market in Latin America.
  • Binance has expanded to Argentina after securing licenses in Indonesia, Kazakhstan, and India.

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Bitcoinik

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Bitcoin Spot ETFs Market See $243M Net Outflow, More Outflow Coming?

  • On 1 Oct 2024, the Bitcoin market faced a significant capital outflow from Bitcoin spot ETFs, with a total net outflow of $243 million.
  • Fidelity's FBTC led the outflows with $144 million, followed by ARK's ARKB with $84.35 million in withdrawals.
  • The Ethereum spot ETF market also saw a net outflow of $48.519 million, with ETHE and FETH facing outflows of $26.64 million and $24.97 million, respectively.
  • The sudden outflow of capital caused Bitcoin's trade price to decline by nearly 5%, while Ethereum's trade price dropped by almost 7%. However, analysts believe this to be temporary and anticipate a bullish rally.

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24 Likes

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Altcoinbuzz

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Coinbase Unveils Simple SOL Staking API for Easy Rewards

  • Coinbase has launched a new Staking API that allows users to stake any amount of SOL on the Solana network and earn rewards.
  • The Coinbase Staking API simplifies the staking process by handling tasks such as creating and managing stake accounts.
  • Developers can integrate the Coinbase Staking API into their apps to enable users to earn rewards without the complexity of managing stake accounts.
  • This solution is beneficial for wallet providers, on-chain apps, custodians, and developers looking for a simplified staking process.

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Intelalley

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Bitcoin Friday Futures are Most Successful CME Crypto Launch

  • CME Group has launched Bitcoin Friday futures (BFF) for trading.
  • 31,498 contracts were traded on the first day, making it the most successful crypto futures launch by CME Group.
  • The smaller size and weekly expiry of these contracts provide a more accessible and regulated way for investors to access the bitcoin market.
  • The futures contracts track the spot price and are cash-settled to the CME CF Bitcoin Reference Rate New York Variant every Friday.

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