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Bitcoin News
Coinpedia
2M
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Bitcoin Bull Run 2024: How Fed Interest Rate Cuts Could Propel BTC Price to $100K
- Anthony Scaramucci predicts Bitcoin could reach $100,000 by end of 2024.
- Scaramucci highlights two key factors: anticipated interest rate cuts from the Federal Reserve and pro-crypto legislation in the U.S.
- Rate cuts and regulatory clarity could create an environment for Bitcoin to surge.
- Bitcoin has already seen a 5% increase ahead of Fed's policy decision, supporting the bullish outlook.
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Coinpedia
2M
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Bitcoin Price Prediction: Are Whales Fueling the Next Bull Run?
- Bitcoin market has witnessed a rise of at least 7.1% in the last seven days.
- Bitcoin whales have been adding more Bitcoins to their current BTC holdings.
- Accumulation is primarily coming from custody wallet inflows, suggesting institutional interest.
- Bitcoin is believed to be in the middle of a bull cycle with potential for further growth.
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Newsbtc
2M
252
Bitcoin Toughest Time Over: Why Q4 Could Be A Game-Changer
- Bitcoin has historically performed poorly in the third quarter, with average returns of +5% and median returns of -4%.
- On the other hand, the fourth quarter has been the best period for Bitcoin, with average returns of +89% and median returns of +57%.
- Analysts believe that the worst time for Bitcoin investors is over and that the best lies ahead.
- Bitcoin's price has experienced a sudden burst of bullish momentum, surging over 5% to reach the $60,900 level.
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NullTX
2M
22
Image Credit: NullTX
Bitcoin Surges Above $61K Amidst Stagnant Net Inflows
- Investor net inflows in the crypto market have remained stagnant, reaching $461 billion since August.
- Bitcoin has surged above $61,000 with a nearly 6% gain in the past 24 hours.
- Key resistance level to watch is $64,000, where 1.57 million addresses are holding Bitcoin at a loss.
- TD Sequential indicator suggests a possible short-term correction for Bitcoin unless it maintains a candlestick close above $58,800.
- A notable whale reemerges, selling 200 BTC worth $11.6 million after a five-month dormancy.
- Bitcoin spot ETF flows show mixed results, with total net inflow of $12.9 million.
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Altcoinbuzz
2M
326
USDC Now Available in Brazil and Mexico for Faster Payments
- Companies can now access USDC directly from local banks in Brazil and Mexico.
- This allows for faster and easier use of digital dollars for business purposes.
- Circle has partnered with leading banks to support local bank transfers using Brazil's PIX and Mexico's SPEI systems.
- Using USDC in Brazil and Mexico is not only faster but also cheaper, providing benefits for cross-border payments and remittances.
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19 Likes
NullTX
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229
Image Credit: NullTX
ETH/BTC Pair Drops To Lowest Level Since 2021 Amid Rising Bitcoin Dominance
- The ETH/BTC trading pair has plunged to its lowest level since 2021, falling below 0.04.
- Recent on-chain data shows significant activity from trader Ceffu, who deposited 28,865 ETH and 450 BTC into Binance.
- Trader Ceffu maintains a perfect 100% win rate on ETH trades, increasing their holdings by 869 ETH in 15 days.
- Ethereum spot ETF flows show a net outflow of $9.5143 million, reflecting shifting dynamics in Ethereum investment.
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13 Likes
Altcoinbuzz
2M
436
Phantom Wallet Launches Usernames for Simple Crypto Transfers
- Phantom Wallet has launched usernames for simple crypto transfers.
- Usernames allow users to create a unique online name for their Phantom Wallet.
- With usernames, sending crypto to other Phantom users becomes easier as there's no need to remember long wallet addresses.
- Usernames also help in syncing the Phantom Wallet across different devices.
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26 Likes
Crypto-News-Flash
2M
211
Image Credit: Crypto-News-Flash
How sBTC Brings Bitcoin Into DeFi and Gaming on Aptos
- The integration of sBTC into Aptos expands Bitcoin’s utility in DeFi, gaming, and other decentralized applications.
- Aptos, a Layer 1 blockchain, now enables Bitcoin to move beyond its conventional role as a store of value and into the world of decentralized finance (DeFi), gaming, and other applications.
- Stacks' Bitcoin-backed currency, sBTC, is now integrated with the Aptos Network, allowing Bitcoin holders to engage with dApps and smart contracts.
- The incorporation of sBTC into Aptos adds to the expanding array of blockchain ecosystems that are boosting Bitcoin’s capabilities.
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Cryptoslate
2M
280
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Singapore’s DBS Bank to offer Bitcoin and Ethereum options trading
- DBS Bank of Singapore plans to launch over-the-counter (OTC) crypto options trading and structured notes for institutional clients.
- DBS will be the first Asian-headquartered bank to offer financial products tied to the value of Bitcoin and Ethereum.
- The crypto options and structured notes products will be available to eligible institutional investors and accredited clients of DBS Private Bank and DBS Treasures Private Client.
- The new products build on DBS Bank's existing crypto services through DBS Digital Exchange (DDEx) and provide clients with additional ways to engage with digital assets.
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Coin Telegraph
2M
4
Pudgy Penguins CEO unfazed by SEC actions against NFT sector
- Pudgy Penguins CEO Luca Schnetzler remains unfazed by recent SEC actions against the NFT industry.
- Luca Netz believes investors should also hold some form of accountability for their purchases.
- SEC imposed a $750,000 fine on the restaurant Flyfish Club for offering NFTs.
- Schnetzler dismisses the SEC's actions as "nonsense".
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Altcoinbuzz
2M
335
Sui Network Launches USDC
- The Sui Network announced the launch of native $USDC on its platform during Token 2049 in Singapore.
- Having native $USDC on the Sui Network eliminates the need for bridging and offers advantages for the Sui ecosystem, including a positive impact on DeFi, gaming, commerce, cross-border payments, and more.
- Circle's Cross-Chain Transfer Protocol (CCTP) will also be available on the Sui Network, allowing for secure $USDC transfers between Sui and supported blockchains.
- The launch of native $USDC and CCTP on the Sui Network has contributed to a surge in the price of the $SUI token, which has seen a 505% increase since the start of Suitember.
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20 Likes
Bitcoinist
2M
45
Image Credit: Bitcoinist
Bitcoin’s Realized Cap Stagnates: What Does This Mean For BTC?
- Bitcoin's realized cap has stagnated, indicating low movement and a stagnant net capital inflow.
- The current realized cap suggests BTC is in a recovery phase, but the stagnant net capital inflow signals a cautious outlook.
- The market is currently in a state of equilibrium, neither in a clear bull nor bear trend.
- Significant Bitcoin price movement is needed in the next 30 days to break this neutrality and see increased capital flow.
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Newsbtc
2M
229
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XRP To Have ‘The Mother’ Of All Bull Runs, Analyst Sets Double-Digit Target
- XRP's recent price surge has sparked bullish sentiment among investors and analysts.
- Some market watchers set bullish targets for XRP as the multi-year consolidation appears to be ending.
- Analysts predict XRP may retest the $0.75 resistance level before a potential massive bull run.
- Longer-term analysis suggests XRP could experience a breakout and reach new all-time highs, possibly exceeding $3.4 and aiming for double-digit targets.
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13 Likes
TheNewsCrypto
2M
390
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Bitcoin (BTC) Approaches Key Resistance Level at $60k
- Bitcoin approaches a key resistance level at $61,401 as its price surges to $60,654.
- Whale transfers and a significant inflow into the U.S. Spot Bitcoin ETF indicate institutional interest.
- Bitcoin's 24-hour trading volume increases by 37.55% to $39 billion.
- NFT sales on the Bitcoin network reach $891,034 with 840 transactions in the past 24 hours.
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23 Likes
TheNewsCrypto
2M
202
Image Credit: TheNewsCrypto
Coinbase Denies Claims of Issuing Bitcoin IOUs to BlackRock
- Coinbase CEO denies Bitcoin IOU rumors involving BlackRock.
- Analysts dismiss claims as baseless conspiracy theories.
- Coinbase clarifies that ETF transactions were conducted on-chain with assets minted and settled within one business day.
- Industry experts reaffirm legitimacy of Coinbase and BlackRock's operations.
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