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Bitcoin News
Newsbtc
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AAVE Hits New Highs, Breaks Out After 2 Years Of Consolidation – Details
- AAVE rose 20% to $170, reaching a level not seen since May 2022.
- Traders and analysts believe AAVE has additional upside potential.
- The accumulation phase for AAVE may have ended, with potential resistance at the $200 level.
- AAVE's rising Total Value Locked (TVL) indicates growing investor interest and confidence.
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TheNewsCrypto
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Bitcoin Reaches 25D High as Whales Trade and Shorts Liquidate
- Bitcoin reaches a 25-day high of $64,745, signaling 'Uptober'.
- Bitcoin trading volume surges by 86% in the past 24 hours.
- Bitcoin whales sell 30,000 BTC, while short positions worth $146 million get liquidated.
- Bitcoin's dominance may be peaking at around 47%, potentially leading to an altcoin season.
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Coinpedia
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Bitcoin Bulls Gearing Up for ‘Uptober’- $100,000 is Coming for BTC Price in 2024!
- Bitcoin price in Q4 historically shows the highest returns.
- BTC price has the possibility of reaching $70,000 by the end of the week.
- Long-term price action remains bullish with a potential move to $68,000.
- Analyst predicts a broadening wedge breakout in October, with Bitcoin reaching $90,000 by December.
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Stackexchange
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Bitcoin Core linking error
- The user is trying to build Bitcoin Source code v24.2 for Windows using WSL running Ubuntu.
- The user is following the instructions given in the /doc/build-windows.md file.
- However, the user is encountering linker errors during the build process.
- Specifically, there are undefined references to functions like OpenBlockFile, LookupBlockIndex, and ReadBlockFromDisk.
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Coinpedia
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Bitcoin Price Prediction: How High Can BTC Price Surge by DEC-2024?
- Bitcoin price rallied over 8 percent last week, closing above $63k and retesting the crucial resistance level above $64k.
- Whale investors have increased their Bitcoin holdings, with the supply on centralized exchanges dropping to multi-year lows.
- Bitcoin's price is expected to reach a new all-time high in Q4 2024, possibly closing the year at around $100k.
- The weekly Relative Strength Index (RSI) has rebounded above 50 percent, indicating bullish control.
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Cryptonews
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BNY Mellon Gets Green Light to Offer Bitcoin Custody Services
- BNY Mellon has reportedly received SEC approval to offer crypto custody services for institutional clients.
- The approval is seen as a significant step toward broader institutional acceptance of cryptocurrencies.
- BNY Mellon will work with state regulators for asset protection in case of bankruptcy.
- There is growing institutional adoption of crypto, with BlackRock and other leading TradFi companies embracing Bitcoin and blockchain technology.
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Newsbtc
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BNB Price Tops $600: Can the Rally Continue?
- BNB price started a fresh increase above the $550 resistance zone.
- The price is now consolidating near $600 and might aim for more gains.
- There is a key bullish trend line forming with support at $585.
- The pair must stay above the $575 level to start another increase.
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Cryptonews
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SEC Approves Options Trading for BlackRock BTC ETF, Here’s Why That’s Bullish
- The SEC approves Nasdaq's listing and trading of options for BlackRock's Bitcoin ETF, iShares Bitcoin Trust (IBIT).
- The options will be physically settled in Bitcoin, allowing investors to receive actual Bitcoin upon exercise.
- Bitcoin's price reacted positively to the news, reaching nearly $64,000.
- Market observers and institutional investors see the approval as bullish for the market and expect increased institutional adoption of Bitcoin.
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Cryptonews
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Bitcoin Rises to Test One Month High as Rate Cut Euphoria Fades
- Bitcoin traded close to its one-month high as the euphoria from the US Federal Reserve's rate cut decision faded.
- The Fed's unexpected 50 basis points interest rate cut has been seen as positive for the crypto market, with analysts anticipating increased market activity.
- Central bank interest rate decisions impact liquidity and investor behavior, affecting the flow of capital into cryptocurrencies.
- Bitcoin's options contracts showed a dip in volatility, suggesting that traders are not expecting significant price changes in the near future.
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Newsbtc
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Bitcoin Price Regains Strength: Is a New Rally Brewing?
- Bitcoin price gained pace above the $62,500 resistance and cleared the $63,200 level.
- BTC is now consolidating gains above $63,500 and trading above the 100 hourly SMA.
- A break above a bearish trend line with resistance at $63,220 on the BTC/USD pair chart suggests a possible extension of gains.
- BTC faces immediate support at $63,500 and could rise further if it stays above the $62,500 support zone.
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Bitcoinik
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Coinbase plans to launch cbBTC on Solana (SOL) blockchain network
- Coinbase plans to launch cbBTC on Solana (SOL) blockchain network
- Coinbase is working to launch their wrapped Bitcoin, cbBTC, on the Solana network.
- The exact launch date of cbBTC on Solana remains undisclosed.
- cbBTC will gain support on the Solana network and be integrated into Solana's decentralized finance ecosystem.
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Zycrypto
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Bitcoin Metrics Suggest New Buying Opportunities Are Underway
- The Bitcoin Puell Multiple, a metric used to gauge market tops and bottoms, has dropped to the 0.4 range for the first time since the end of 2022, indicating potential buying opportunities.
- Bitcoin exchange depositing addresses are at their lowest levels since 2016, suggesting a decline in selling pressure and a bullish outlook for long-term investors.
- Bitcoin is currently trading at $62,816, showing a slight decline of 0.63% in the past 24 hours, but still retaining gains and approaching resistance levels above $60,000.
- Crypto analyst Ali Charts predicts that if the lower boundary holds, Bitcoin could rebound to levels around $60,200 or $62,000, but a break below $58,100 may lead to a drop towards $55,000.
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TheNewsCrypto
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Deutsche Bank Poll Reveals Widespread Public Skepticism Toward CBDCs
- A recent poll conducted by Deutsche Bank reveals that 44% of people would prefer to use cash rather than Central Bank Digital Currencies (CBDCs).
- The survey included 4,850 participants from the US, UK, and Europe, and found that 59% of respondents believe cash will always be necessary.
- Privacy concerns were cited as a major reason for the public's hesitation to embrace CBDCs. 21% of participants expressed a preference for private cryptocurrencies like Bitcoin.
- While central banks are exploring CBDC use cases, user mistrust remains a significant obstacle to widespread adoption.
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Newsbtc
1M
356
‘Uptober’ Is Just Around The Corner: Here’s Where Bitcoin Price Is Headed
- October, historically known as "Uptober", holds significant upward momentum for Bitcoin and the crypto industry.
- Bitcoin has consistently delivered positive returns in October over the past several years.
- Market sentiment is currently bullish, with Bitcoin stabilizing around $63,000 and a possible support base for an upcoming rally.
- Caution is advised as the price performance in the last week of September could determine the sentiment leading into October.
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