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Bitcoin News
Newsbtc
1M
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Bitcoin Hype Remains Low Even After $63,000 Surge: Green Sign For Rally?
- Data shows social media users have yet to show excessive hype around the latest Bitcoin rally, which could be positive for its sustainability.
- Bitcoin Fear Of Missing Out (FOMO) remains low, indicating a healthy sentiment.
- Positive Sentiment vs. Negative Sentiment Ratio is currently above the neutral mark, suggesting positive posts outweigh negative ones.
- The previous spikes in sentiment that occurred around the tops for Bitcoin were of larger scale, indicating FOMO is not yet at a concerning level.
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Crypto-News-Flash
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393
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BREAKING: Billion-Dollar Bank BNY Set to Custody Bitcoin (BTC) as the First Bank in U.S. History
- BNY Mellon becomes the first bank with the SEC exemption from crypto accounting rules.
- The SEC's variance for BNY Mellon could open doors for more banks in crypto.
- BNY Mellon granted a variance from SEC's SAB 121 accounting requirements to provide institutional crypto custody services.
- This exemption may increase institutional participation in the crypto business and stimulate greater acceptance by large financial institutions.
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Newsbtc
1M
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Bittensor (TAO) Unstoppable Uptrend: Soars 40% As Experts Forecast Future Price Gains
- Bittensor's native token TAO has demonstrated an impressive uptrend, surging 40%.
- TAO has outperformed major cryptocurrencies like Bitcoin and Ethereum consistently.
- Analysts forecast future price gains for TAO, with some predicting a target of $1,000.
- The growth is attributed to Bittensor's focus on decentralized AI production and the accelerating pace of AI innovation.
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Bitcoinist
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Bitcoin Educators “Unconference” Goes Back To The Beginning, Here’s When And Where
- Bitcoin Educators Unconference, organized by Mi Primer Bitcoin (MPB), will be held in San Salvador, El Salvador.
- The event will take place at the Cadejo Brewing Company on November 14.
- Attendees will have the opportunity to pitch their ideas and engage in discussions on Bitcoin.
- MPB's Bitcoin Diploma program has been successful, reaching over 30,000 students in El Salvador and expanding to Zambia.
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Blockonomi
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SEC Greenlights Options Trading for BlackRock’s Bitcoin ETF
- SEC approves options trading for BlackRock’s iShares Bitcoin Trust (IBIT)
- Options will be physically settled and follow ETF trading rules
- 25,000 contract cap set for IBIT options
- Approval marks significant step for Bitcoin integration in traditional finance
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Coinpedia
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389
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Bitcoin’s BreakOut Hangs in the Balance: Will It Break the Psychological Inflection Line?
- Bitcoin's price hits $64,000 after a 20% rebound driven by Federal Reserve rate cuts.
- Bitcoin's 'Supply in Profit' metric indicates many investors are currently facing losses.
- The metric is approaching the Psychological Inflection Line, crucial for market sentiment.
- If Bitcoin breaks above the line, it could boost investor optimism; dropping below may harm market sentiment.
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Bitcoinist
1M
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FBI Arrests Duo In $230 Million Crypto Fraud: Here’s How They Pulled The Scam Off
- Malone Lam and Jeandiel Serrano have been arrested for conspiring to steal and launder over $230 million in cryptocurrency.
- The scheme involved fraudulent access to victims' crypto accounts and advanced laundering techniques.
- The accused used social engineering tactics and spoofed phone numbers to carry out the scam.
- The stolen funds were spent on luxury goods and experiences, drawing the attention of authorities.
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Crypto-News-Flash
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Ethereum Struggles as Bitcoin Dominance Grows: What’s Happening Now?
- The ETH/BTC ratio hits a 40-month low, signaling Bitcoin’s growing dominance among investors.
- Ethereum faces challenges with declining ETF interest while Bitcoin continues to attract institutional inflows.
- Institutional investors are favoring Bitcoin's stability over Ethereum's volatility.
- Ethereum's future trajectory raises concerns as the ETH/BTC ratio is expected to continue falling.
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Newsbtc
1M
114
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Over 150,000 ETH Moved To Exchanges In The Last 24 Hours: What’s Next For Ethereum?
- Ethereum has risen by 5% in the last day and nearly 10% over the past week, breaking above the $2,400 support level.
- Over 150,000 ETH has been transferred to leading exchanges like Binance and Coinbase in the last 24 hours, potentially indicating the intention to sell.
- The transfer is the largest to exchanges in over nine months, raising concerns among investors.
- If Ethereum closes above $2,800, it could set a base for a potential rise to $3,500, with increasing volatility and buying pressure observed.
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TheNewsCrypto
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Can Bitcoin (BTC) Break Through the $65K Resistance?
- Bitcoin price dropped by 1.63% in the last 24 hours, trading at $62.8K.
- BTC has entered into the neutral zone in the market.
- Bitcoin displays a brief bullish sentiment, attempting to hit a higher value after breaking above $63K.
- BTC might retest the $63,633 resistance level, but a failed retest could lead to a drop and seek support around $62.4K.
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Coinpedia
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$100k For Bitcoin Soon: Has The FED Triggered A Supercharged Boom For BTC? Here’s Why
- Jack Mallers, founder and CEO of Strike, believes that the U.S. presidency has no significant impact on Bitcoin's future.
- Mallers thinks that Bitcoin will continue to rise as the U.S. dollar weakens due to government spending and economic policies.
- He expresses concern about the growing U.S. deficits and believes this will contribute to the dollar's decline.
- Mallers highlights the close relationship between Bitcoin's price and economic decisions made by figures like Treasury Secretary Janet Yellen.
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Crypto-News-Flash
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Massive 7,420 BTC Purchase: MicroStrategy’s Bitcoin Bet Gets Bigger!
- MicroStrategy has purchased an additional 7,420 BTC, bringing its total holdings to 252,220 BTC.
- The company's aggressive BTC strategy demonstrates confidence in cryptocurrency as a primary reserve asset.
- MicroStrategy's Bitcoin yield (QTD) is 5.1% and YTD yield is 17.8%.
- The company's long-term bullish stance on Bitcoin signifies a larger trend of institutional adoption.
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Crypto-News-Flash
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BlackRock Prepares for $35 Trillion Fed Crisis, Predicts Bitcoin Price Boom
- BlackRock predicts a crisis as the US debt spirals and the Fed cuts rates for the first time since the 2020 COVID pandemic.
- BlackRock suggests Bitcoin as a unique diversified investment amid global political tensions.
- The company's paper titled 'Bitcoin: A Unique Diversifier' proposes Bitcoin as one of the most viable alternative investments.
- BlackRock states that Bitcoin's long-term correlation to traditional assets is low, and its historical returns have been higher than major asset classes.
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Newsbtc
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Bitcoin Demand Surge: Binance Buyers Take Charge As Coinbase Premium Falls
- The Coinbase Premium, which tracks the price difference between Bitcoin on Coinbase and Binance, has turned negative, indicating a divergence in buying activity across different markets.
- Bitcoin's price has increased despite the negative Coinbase Premium, suggesting significant buying pressure on Binance from global users.
- The shift in buying pressure towards Binance is seen as a positive sign for Bitcoin's price trajectory.
- Bitcoin's price spiked above $64,000 but has since decreased slightly to $62,831, down by 0.7% in the past day.
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Coin Telegraph
1M
417
Crypto wallets will evolve into ‘filing cabinets’ by 2030 — Crypto exec
- Crypto wallets will transition into a collection of wallets and accounts that can interact with each other.
- Crypto wallets will evolve into a life hub, acting as digital filing cabinets where different parts of a user's life will be securely stored and managed.
- The CEO of Reown, Jess Houlgrave, believes that by 2030, crypto wallets will be used for much more than just storing cryptocurrency.
- She envisions crypto wallets being used to store and manage medical records, education credentials, and tickets.
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