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Bitcoin News
Zycrypto
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Satoshi Nakamoto On Verge Of Losing Iconic Top Bitcoin Holder Crown To U.S. BTC ETFs
- U.S.-listed spot Bitcoin exchange-traded funds (ETFs) are on track to surpass Satoshi Nakamoto's BTC holdings.
- Bitcoin ETFs have accumulated $17.8 billion in inflows in 2024, close to Nakamoto's estimated 1.1 million BTC stash.
- Top three ETFs have accumulated 359,271 BTC, 287,153 BTC, and 254,677 BTC, respectively.
- Experts predict that Bitcoin ETFs may surpass Satoshi's holdings by Christmas, signaling the U.S. regaining dominance in Bitcoin holdings.
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TronWeekly
1M
182
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Bitcoin Breaks $66K: Are New Highs on the Horizon for November 2024?
- Bitcoin surges past $66K, driving excitement and gains in altcoins.
- Market sentiment indicates high FOMO, potentially signaling local price tops.
- November 2024 could see new all-time highs for Bitcoin, according to CryptoCon's analysis.
- Bitcoin approaches critical resistance at $67,000, with the need for a breakout and sustained upward move.
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Medium
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What Is ‘Stacking Sats?
- The idea of stacking sats is to accumulate as many satoshis as possible.
- Stacking sats involves regular small purchases or earning opportunities of Bitcoin.
- Benefits include dollar-cost averaging, long-term investment, inflation hedge, and diversification.
- Bitcoin's limited supply makes it potential protection against inflation.
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12 Likes
Coinpedia
1M
432
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Uptober Rally : Why Crypto Market Is Poised For Major Bull Run In October?
- The US and China nearing the start of the next easing cycles, signaling potential for a crypto rally.
- Bitcoin added almost 10% in the last month, dismissing the "Bitcoin hates September" narrative.
- QE initiatives from the US and China seen as powerful drivers for tough times.
- Bitcoin's recent breakout could ignite a wave of FOMO, pushing it towards new all-time highs.
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26 Likes
Bitcoinist
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Bitcoin And AI: Expert’s Optimistic View On Their Collaborative Potential
- Bitcoin and artificial intelligence (AI) have the potential for a strong collaboration in energy management and financial transactions.
- Bitcoin mining sites can be repurposed for AI operations, providing a quicker adaptation compared to building new data centers.
- Bitcoin miners can potentially add $14 billion in annual profits by 2027 by repurposing just 20% of their capacity for AI.
- Bitcoin serves as a decentralized currency that allows AI to engage in commerce globally, at increased speeds and frequencies.
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12 Likes
Bitcoinist
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Is Bitcoin (BTC) On Track For A 100-Day Rally? Analyst Unveils Cycle Forecast
- Bitcoin has experienced a bullish week, surging 6% since Wednesday, igniting excitement among analysts and investors who believe this could be the beginning of the next major rally.
- Key on-chain metrics point to a strong accumulation phase, suggesting significant price appreciation may occur.
- Analyst Axel Adler expects a 'longer' Bitcoin rally, with a potential duration of 100 days, based on favorable macroeconomic conditions.
- Bitcoin is currently testing crucial supply levels, and a successful push past $70,000 could signal the start of a powerful and extended rally.
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12 Likes
TronWeekly
1M
113
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Bitcoin’s MVRV Surges Above SMA365, Signaling Strong Bullish Momentum
- Bitcoin's MVRV ratio is in bullish territory, surpassing the SMA365.
- Historically, when MVRV is above SMA365, it indicates a bullish phase.
- BTC's MVRV has increased from 1.71 to 2.04, suggesting further upside.
- Strong spot demand and stable spot premium support positive market sentiment.
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Coinpedia
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Crypto News This Week (28th Sept 2024): CZ Released, Hamster Kombat Airdrop Storms The Market!
- The cryptocurrency market cap is up 0.51% at $2.31 Trillion.
- Hamster Kombat token's airdrop caused a storm in the market.
- Binance's ex-CEO release led to a price surge in BNB coin.
- Microstrategy acquired 7,420 Bitcoins valued at ~$458.2 Million.
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15 Likes
Coinpedia
1M
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Will Bitcoin Outperform S&P 500? Expert Predicts New ATH in Q4
- Bitcoin expert Miles Deutsher predicts that Bitcoin could reach a new all-time high in Q4.
- If Bitcoin follows the S&P 500 market, a 9% increase from its yearly peak could result in a price of $81,000.
- Bitcoin is currently lagging behind the S&P 500 market, but there is potential for it to catch up.
- The Bitcoin market has recently entered a bullish phase, and expectations are high for Q4.
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9 Likes
Bitcoinsensus
1M
100
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TON Blockchain’s Growth Stifled by Telegram Legal Woes
- TON Blockchain's native token, Toncoin, has surged to become one of the top 10 cryptocurrencies.
- TON faces major challenges due to its reliance on Telegram and its founder's recent legal troubles.
- Weak DeFi infrastructure and regulatory risks are identified as major threats to TON's long-term success.
- To ensure sustainable expansion, TON needs to distance itself from Telegram and strengthen its DeFi infrastructure.
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6 Likes
Bitcoinist
1M
327
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Lummis Predicts Positive Outlook For Crypto If Senate Shifts To Republican Control
- Republican Senator Cynthia Lummis predicts a positive outlook for the crypto industry if the Senate shifts to Republican control.
- Lummis emphasizes the need for a robust digital asset framework to support the US economy and criticizes the SEC's approach towards enforcement actions rather than clear regulatory guidance.
- She questions SEC Chair Gary Gensler's future and highlights the potential benefits of a Republican-controlled Senate for digital assets.
- Lummis has also proposed legislation to establish a "Strategic Bitcoin Reserve" program, aiming to acquire one million Bitcoins over five years to reinforce the value of the US dollar.
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19 Likes
TheNewsCrypto
1M
432
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PropFi Breakout: Could This Coin Turn $100 into $50,000? Bitcoin Investors Are Eyeing It!
- FXGuys, a new coin in the PropFi space, is gaining traction among investors as it could potentially turn a $100 investment into $50,000.
- FXGuys combines the stability of traditional finance (TradFi) with the decentralized innovation of DeFi to revolutionize forex trading, offering retail investors access to a market previously dominated by large financial institutions.
- The project's real-world utility, successful private round, and no-buy-or-sell tax policy contribute to its potential for explosive growth and long-term value.
- Investors have the opportunity to secure FXGuys ($FXG) tokens at $0.03 during the Stage 1 presale, making it an exciting investment prospect in the PropFi space.
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26 Likes
Bitcoinist
1M
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Crypto Rally Expected In Q4 2024 With ‘Exceptionally High’ Chances: Analyst
- Bitcoin's breakout above $65,000 could lead to an exceptionally high chance of a wider crypto rally in Q4 2024.
- Factors contributing to this potential rally include rising interest in the crypto market, accelerated stablecoin minting, declining Bitcoin dominance, and encouraging cryptocurrency trends in South Korea and China.
- Stablecoin inflows have reached $35 billion year-to-date, signaling increased allocation from larger market players.
- The report forecasts Bitcoin's next target at $70,000 within two weeks, with a potential new all-time high by late October.
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6 Likes
Medium
1M
50
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The Shocking Truth About Bitcoin Ownership and the Rise of Meme Coins: Navigating the Risks and…
- Only 0.27% of the global population owns one Bitcoin.
- Around 1.5 million Bitcoin addresses hold at least a million dollars worth of Bitcoin.
- Meme coins have become a risky asset class, but offer higher profit potential compared to traditional lotteries.
- Telegram's privacy overhaul raises concerns about user privacy and sharing information with authorities.
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3 Likes
Coinpedia
1M
300
Image Credit: Coinpedia
Crypto Market Prediction: How Macroeconomic Factors Will Shape Q4
- The cryptocurrency market is set to enter the fourth quarter of the year with high expectations, as historically, Q4 has been favorable.
- US Unemployment Rate and Rate Cuts: A rate cut is positive for the crypto market, as it encourages investors to choose riskier assets like cryptos over safer assets like bonds. A weak job market may lead to further interest rate cuts, boosting the crypto market.
- European Financial Uncertainty: Falling energy prices and potential rate cuts in European economies may weaken the Euro, increasing the chance of European investors opting for cryptocurrencies.
- China's Economic Stimulus: China's economic crisis and announcement of a stimulus package can impact the global economy. In a thriving global economy, the crypto market will benefit.
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