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Bitcoin News
Blockonomi
1M
317
Image Credit: Blockonomi
Why Is Crypto Down Today? Israel-Iran Conflict Triggers Market Decline
- Bitcoin price dropped 3.16% to $61,715 amid Israel-Iran conflict escalation
- Altcoins fell 5-10% as investors moved to safer assets like bonds, gold, and USD
- October, historically Bitcoin’s best month, started with a 4% decline in two days
- Bitcoin ETF outflows surged to $242 million, breaking an eight-day inflow streak
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19 Likes
Newsbtc
1M
36
Dogecoin Price Slides 18% But Whale Activity Suggests Bullish Outlook
- The price of Dogecoin has dropped by over 20% this week, reaching a low of $0.1026 on Tuesday.
- Despite the decline, on-chain metrics and expert analysis suggest a potentially bullish future for Dogecoin.
- Whale activity remains high on the network, indicating continued bullish momentum.
- Technical analysis also suggests the possibility of upcoming price increases for Dogecoin.
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2 Likes
Bitcoinist
1M
77
Image Credit: Bitcoinist
Crypto Overhaul In Japan: ETF Launch And Lower Taxes Ahead?
- The Japanese financial regulator is preparing to review cryptocurrency regulations, potentially lowering crypto taxes and paving the way for a digital assets exchange-traded fund (ETF).
- The review will focus on assessing the adequacy of current regulations under the Payments Act and determining if it provides sufficient investor protection.
- Reclassifying tokens as financial instruments under Japan's investment law is being considered, which could lead to reduced tax rates on crypto gains and the launch of token-based ETFs.
- Despite past challenges with cryptocurrency exchanges, the Japanese regulator aims to regulate without excessive restrictions, allowing room for growth and attracting institutional investors.
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4 Likes
Altcoinbuzz
1M
399
Injective 3.0 Kicks Off: Reducing INJ Token Supply
- Injective Protocol is launching Injective 3.0 to reduce the supply of its token, INJ.
- By cutting the number of tokens, Injective aims to increase their value for investors.
- The first phase of Injective 3.0 focuses on token burns, permanently removing INJ tokens from circulation.
- Injective has joined the Tokenized Asset Coalition to advance the adoption of Real-World Assets and institutional DeFi.
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24 Likes
Blockonomi
1M
122
Image Credit: Blockonomi
Bitcoin Falls to $60,300, Causing $450 Million in Liquidations
- Bitcoin plunged to $60,300, causing $450 million in bullish crypto bet liquidations.
- Crypto market cap dropped 5% due to Middle East tensions.
- 86% of futures traders were positioned bullishly for October.
- Bitcoin and Ethereum saw over $220 million in combined liquidations.
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7 Likes
Blockonomi
1M
140
Image Credit: Blockonomi
Analyzing the Correlation Between Global Liquidity and Bitcoin’s Price
- Bitcoin price dropped nearly 5% from $65,000-$66,000 resistance zone in October
- Analyst predicts Bitcoin could reach $90,000 in 2 months if it follows global M2 money supply trend
- Global liquidity is rising, partly due to weakening USD
- China’s monetary policy changes are driving global M2 money supply expansion
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8 Likes
Altcoinbuzz
1M
22
Sui Bridge Now Live on Mainnet
- Sui Network has launched its native bridge on the mainnet, marking a significant milestone for the future interoperability of the network.
- The native bridge allows assets to be sent between various chains and their ecosystems without relying on third-party bridges.
- Currently, the native bridge only connects to Ethereum, but Sui plans to address this issue and expand to more chains in the future.
- The bridging time from Ethereum to Sui takes 13 minutes, and Sui doesn't charge a fee on its bridge, subsidizing claim gas costs from Ethereum to Sui.
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1 Like
Altcoinbuzz
1M
235
Zilliqa Experiences Malfunctions, Working on Fix
- Zilliqa blockchain experienced a bug problem halting transactions over the weekend.
- Zilliqa has addressed the bug in ZilPay wallet and ensured the safety of funds.
- The network is back online for validators, and a permanent fix is being implemented for public use.
- Zilliqa is proposing to halve mining rewards to push for greater decentralization and security.
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14 Likes
Newsbtc
1M
276
Image Credit: Newsbtc
Bonk ‘In Prime Position For Turbo Green Week’ As Price Recovers Key Level
- Bonk continues its bullish rally as ‘Uptober’ begins, reclaiming crucial levels and sparking a bullish sentiment among investors.
- Bonk closed Q3 with a 13% surge and has seen a remarkable performance over the past two weeks, jumping 60% since September 15.
- Analysts predict a potential 'turbo green week' for Bonk, with expectations of sustained upward movement and a target resistance level of $0.000035.
- The cryptocurrency market's performance, along with Bonk's strength and technical patterns, suggests positive prospects for the memecoin in 'Uptober'.
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16 Likes
Bitcoinist
1M
340
Image Credit: Bitcoinist
Bitcoin To $90,000 In 2 Months If It Mirrors This Trend?
- Bitcoin is showing a weaker performance in the daily chart, dropping nearly 5% from the $65,000 and $66,000 resistance zone.
- An analyst predicts that Bitcoin could reach $90,000 in the next two months if it continues to track the global M2 money supply trend.
- The global liquidity is rising, which could potentially support Bitcoin's price increase.
- China's monetary policy changes and the Federal Reserve's plans to drop rates further may contribute to the expansion of global M2 money supply, benefiting Bitcoin and risk-on assets.
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20 Likes
Coinpedia
1M
49
Gold vs. Bitcoin: Which Investment Reigns Supreme?
- Gold is becoming the favored choice of investors during geopolitical tensions.
- Investors are selling Bitcoin to buy gold as geopolitical tensions rise.
- Bitcoin's digital nature allows for easy transfer, while paper gold may be useless in times of crisis.
- Choosing between gold and Bitcoin depends on assessing individual needs.
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3 Likes
Crypto-News-Flash
1M
381
Image Credit: Crypto-News-Flash
Bitcoin (BTC) Plummets Amid Israel-Iran Tensions—More Volatility Expected as Conflict Escalates
- Bitcoin (BTC) plummeted to $61k after tensions escalated between Israel and Iran, with over 180 missiles fired into Israel.
- Geopolitical instability led to a liquidation of $250 million in futures positions and a sell-off in US equities.
- Bitcoin and other cryptocurrencies experienced a decline, with Ethereum down 6% and Binance Coin, Solana, Dogecoin, and Cardano also dropping.
- Analysts remain optimistic for a rebound in Bitcoin price as the US presidential election outcome becomes clearer.
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22 Likes
Coinpedia
1M
258
Bitcoin (BTC) Price at Dire Straits: Has the Bull Run Deferred?
- Bitcoin price dropped below $61,000 and triggered liquidations of $500 million worth of assets.
- Whales have accumulated over 50,000 BTC in the last 10 days, suggesting a bullish quarter may be approaching.
- The OTC desk balance has reached a 2-year high, indicating a possible sell-off and decline in Bitcoin price.
- Long-term trend suggests a potential parabolic run and market participants need to monitor Bitcoin price action.
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15 Likes
Newsbtc
1M
136
Image Credit: Newsbtc
Dogecoin (DOGE) Falls to Support: Can It Avoid a Breakdown?
- Dogecoin (DOGE) falls below $0.1120 support, but remains stable above $0.100.
- DOGE price is trading below the $0.1120 level and the 100-hourly simple moving average.
- A major bearish trend line is forming at $0.1175, which could act as a resistance.
- If DOGE fails to climb above $0.1095, it may face further declines toward $0.100 support.
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8 Likes
Cryptonews
1M
149
Image Credit: Cryptonews
Bitcoin or Gold? Bitwise CIO Unveils Whether Splitting Investments Really Delivers the Best of Both Worlds
- Matt Hougan, the Chief Investment Officer at asset management firm Bitwise, compared the effect of adding Bitcoin or gold to a traditional portfolio.
- Hougan's results showed that adding just 5% Bitcoin to a portfolio would've more than doubled its returns.
- Bitcoin increases returns while gold reduces risk in a portfolio, according to the analysis.
- Hougan suggests that Bitcoin is a better option than gold based on its impact on the portfolio's Sharpe ratio.
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9 Likes
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