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Bitcoin News
Altcoinbuzz
1M
86
Is September’s Crypto Shake Up Over? or More Pain?
- Short and intermediate-term trading in the cryptocurrency market may be risky due to the current uncertainties and choppy market conditions in the US economy.
- US economic data is demonstrating a downturn as more banks appear to be on the brink of default, housing demand in the US has hit a new 28-year low and Treasury Secretary Janet Yellen is warning that US inflation remains a risk to the economy.
- Although the US housing sector may appear irrelevant in terms of cryptocurrency, its downturn has the potential to have a serious knock-on effect on global liquidity levels, including the cryptocurrency markets.
- The US private sector seems to be contracting, and job numbers for 2024 have been downwards adjusted. Many of the new jobs created were within government rather than the private sector.
- In essence, the current economic environment means the cryptocurrency market is choppy and uncertain, which can be problematic for traders operating within the short or intermediate-term timeframes.
- Long-term investors, however, can remain calm and strategic despite the current environment. Strategic buying during dips is recommended even if this means buying smaller amounts as the project grows over time.
- Cryptocurrency trading based on US economic data is not recommended for those seeking short-term gains in the current economic environment.
- Altcoin Buzz reminds readers that their content is for educational and informational purposes only, and is not considered financial advice.
- The risks associated with cryptocurrency remain high and investors are investing at their own risk after adequate due diligence.
- Anyone following cryptocurrency prices and performance during 2024 will have seen Bitcoin's choppy return of -8% over the past 30 days and just under -20% over the past three months, while it's up 6% over six months and 115% for the year.
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5 Likes
Tokenhell
1M
388
Solana Announces Its Next Crypto Smartphone: Here is Everything You Should Know
- Solana Mobile, a subsidiary of Solana Labs, has announced its second crypto smartphone called Solana Seeker, which will be available for sale in the second quarter of 2025.
- The starting price of Solana Seeker is set at $500, with over 140,000 pre-orders already placed.
- Solana Seeker will have a storage space of 128GB, 8GB of RAM, upgraded cameras with 32-megapixel and 108-megapixel sensors, and a USB-C charging port.
- Solana Mobile expects Seeker to be an 'airdrop magnet' as crypto projects are likely to airdrop tokens to Seeker owners, and each owner will receive a free Genesis NFT for accessing future airdrops.
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23 Likes
Newsbtc
1M
374
Image Credit: Newsbtc
Analyst Warns Of Short Squeeze as Bitcoin Futures Market Heats Up
- The Bitcoin futures market is experiencing a rise in leverage, indicating a potential short squeeze and a bullish rally.
- Open interest in Bitcoin futures has grown by $6 billion, reaching $28.3 billion, with institutional traders holding onto positions confidently.
- Short liquidations have significantly increased by $493 million, suggesting a possible short squeeze and upward pressure on Bitcoin's price.
- If the short squeeze scenario continues, it could lead to a significant rally and a bullish trend for Bitcoin.
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22 Likes
Bitcoinchaser
1M
91
Image Credit: Bitcoinchaser
Combo Bet Insurance: Thunderpick Promotion for Worlds 2024
- Crypto casino and sportsbook Thunderpick is offering Combo Bet Insurance for the upcoming League of Legends World Championship 2024 (Worlds 2024).
- Combo Bet Insurance allows players to place multi-leg bets with five or more picks and receive a refund of up to €50 if one leg doesn't hit.
- To qualify, at least one pick must be on a match from the Worlds 2024 Play-In Stage.
- The promotion runs from September 25 to 29, and refunds are processed within 72 hours.
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5 Likes
Crypto-News-Flash
1M
155
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Chainlink Proof of Reserve Secures 21.co’s Wrapped Bitcoin on Solana & Ethereum
- Chainlink’s Proof of Reserve integration ensures real-time transparency and security for 21.co’s Wrapped Bitcoin (21BTC) on Solana and Ethereum.
- By integrating Chainlink’s Proof of Reserve on both Solana and Ethereum, 21.co has enhanced transparency for its Wrapped Bitcoin product, 21BTC.
- 21BTC offers users peace of mind while engaging with decentralized applications, ensuring that every 21BTC token is fully collateralized 1:1 by Bitcoin held securely in cold storage.
- Chainlink’s decentralized infrastructure, managing over $15 trillion in transaction value, was chosen for its ease of integration and reliability.
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9 Likes
Altcoinbuzz
1M
191
Google Cloud, Solana Labs Launch GameShift for Web3 Gaming
- Google Cloud and Solana Labs have launched GameShift, a tool that helps game developers integrate blockchain technology into their games.
- GameShift simplifies the process of building Web3 games by providing tools for in-game assets, wallets, payments, and marketplaces.
- Google Cloud's infrastructure ensures the safe and smooth running of games on the platform.
- With the addition of GameShift, Google Cloud aims to support game developers in bringing Web3 technology to life.
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11 Likes
Newsbtc
1M
59
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Bitcoin (BTC) On Track For ‘Strongest September Performance’, Is $90,000 Next?
- Bitcoin's performance in September has been one of its strongest since its creation.
- BTC recovered from the monthly lows and reached $63,700.
- Bitcoin may close September with a positive return for the fourth consecutive month.
- Analysts suggest that Bitcoin has the potential to reach $90,000 in the future.
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3 Likes
TronWeekly
1M
351
Image Credit: TronWeekly
Bitcoin Poised for Explosive Gains, Echoing Past 171% Surge
- Bitcoin analysts predict a potential surge in the fourth quarter, echoing past halving cycles.
- Historical patterns suggest that BTC tends to rally after halving events.
- Comparisons between 2024 and previous halving years show similarities in BTC's price action.
- Bitcoin's dominance may decline, opening the door for altcoins to shine.
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21 Likes
Crypto-News-Flash
1M
265
Image Credit: Crypto-News-Flash
BRICS News: Gold Hits All-Time High as USD Weakens—Is Bitcoin the Next Asset to Soar?
- The purchasing power of the US Dollar (USD) weakens amid the BRICS nations' de-dollarization strategy.
- Industry experts suggest saving in Bitcoin, gold, and silver to escape potential hyperinflation.
- US Federal Reserve admits that only 3% of the USD's original purchasing power remains.
- Gold reaches all-time high price as USD weakens, while Bitcoin is expected to soar as a hedge against inflation.
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15 Likes
Bitcoinist
1M
1.6k
Image Credit: Bitcoinist
Here’s How Many New Bitcoin Millionaires Have Been Made In 2024
- Over 20,000 new Bitcoin millionaires have been made in 2024, bringing the total to 110,388.
- The number of BTC wallets holding at least $1 million has increased by 18% between January and September.
- Wallets holding at least $100, $1,000, $10,000, and $100,000 have all seen notable growth.
- Bitcoin's price increase and positive metrics indicate a growing interest in the cryptocurrency.
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10 Likes
Cryptopotato
1M
425
Image Credit: Cryptopotato
This Is Why Bitcoin Surged Above $64K, Can it Go Higher? (Bitfinex)
- Bitcoin surged above $64,000 after the Federal Reserve reduced interest rates.
- Increased activities within the futures and perpetual markets drove the surge, rather than spot trading.
- Bitcoin's open interest reached $34.9 billion, the highest since early August, indicating strong investor engagement.
- Increased engagement with Bitcoin ETFs could drive the cryptocurrency towards reclaiming its peak value of $73,800.
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25 Likes
Altcoinbuzz
1M
22
Canada Reassesses CBDC Plans, Focuses on Payment Systems
- Canada is abandoning its plan to launch a central bank digital currency (CBDC) after five years of research.
- Instead, Canada will focus on broader retail payment and policy development.
- The shift in plans is due to other payments issues gaining prominence, and a CBDC could result in a 12% decline in bank deposits.
- Many Canadians are against the idea of a digital Canadian dollar, and major economies have also moved away from their CBDC plans.
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1 Like
Newsbtc
1M
274
Image Credit: Newsbtc
Aptos: Engagement, Active Accounts Growth Fuel 36% APT Rally
- Aptos token registers a 36% surge in price, following major cryptocurrencies like Bitcoin and Ethereum.
- Aptos shows significant growth with 3 million monthly active users, a peak of 360 million transactions in one day, and a transaction-per-second of 12,000.
- Aptos, Ankaa Labs, and OKX Ventures announce a tri-partnership to support projects in the Web3 ecosystem with a $10 million investment.
- APT's attempt to break the $8.24 resistance level fails, leading to potential stabilization above $7.76, with possible short-term reversal.
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16 Likes
Newsbtc
1M
356
Image Credit: Newsbtc
Solana Price (SOL) Gears Up for Fresh Surge: Is More Upside Ahead?
- Solana price is holding the $140 support zone and aiming for a fresh surge above the $152 resistance level.
- The price is now trading near $1465 and the 100-hourly simple moving average.
- A connecting bearish trend line is forming with resistance at $148 on the hourly chart.
- A successful close above $152 resistance could lead to further gains towards $164 and $172 levels.
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21 Likes
Altcoinbuzz
1M
251
Travala Now Supports Solana with $SOL Travel Rewards
- Travala, a crypto-native travel agency, now supports Solana-based assets for travel bookings.
- Users can book travels and holidays using $SOL, Solana-based $USDT, and $USDC.
- Travala is planning to introduce $SOL travel rewards, up to 10% of the booking value.
- Solana integration is part of Travala's future development plans, along with Ethereum and BNB chain integration.
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15 Likes
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