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Bitcoin News
Cryptonews
1w
21
Image Credit: Cryptonews
Analysts Say November to Continue to Be a Strong Month for Crypto
- Cryptocurrency markets are experiencing volatility, with notable declines in Bitcoin, Ethereum, Solana, and Dogecoin.
- Jamie Coutts warns of increased risk for assets as USD strengthens and central bank actions fluctuate.
- Swissblock analysts highlight the US presidential election as a key factor, stressing the market impact of potential non-acceptance of results.
- US spot Bitcoin ETFs see significant growth, now holding over 1 million BTC valued at approximately US$68 billion.
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NullTX
1w
340
Image Credit: NullTX
Strong Buying Pressure In Binance Futures, Bitcoin Outflows, And MicroStrategy’s Growing BTC Holdings Signal Positive Market Sentiment
- The Binance futures market is experiencing strong buying pressure, indicating increased market confidence in Bitcoin and Ethereum.
- Glassnode reports a surge in Bitcoin outflows from exchanges, suggesting a shift towards cold storage and a positive long-term outlook.
- Microstrategy transfers 1,652 BTC to a new wallet, demonstrating its commitment to Bitcoin accumulation and unrealized profit of $7.65 billion.
- Bitcoin spot ETFs experience net outflow of $54.94 million, possibly indicating short-term profit-taking or rebalancing.
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NullTX
1w
370
Image Credit: NullTX
Bitcoin Surges As Ethereum Holds Steady; Market Eyes Election-Driven Volatility
- Bitcoin surges with strong upward movement, while Ethereum remains stable.
- Short-term implied volatility for both BTC and ETH remains elevated ahead of the U.S. election week.
- Leadership changes observed in the Ethereum ecosystem, with resignations of Chief Strategy Officer at Eigen Foundation and advisory roles in the EigenLayer project.
- Ethereum spot ETFs show a net outflow of over $10 million, indicating a cooling in investor sentiment for ETH.
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Newsbtc
1w
225
Image Credit: Newsbtc
GRASS Token Fails To Break $2 Level – Is It Time To Buy?
- GRASS token, a Layer-2 platform on the Solana blockchain, has attracted attention from analysts and investors.
- The token's launch and airdrop faced some issues, but its price rallied and breached the $1.50 level.
- However, GRASS token failed to break the $2 level and has now settled below $1.75, trading at $1.45.
- Analysts anticipate a deeper pullback in the price and advise caution before buying.
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Bitcoinist
1w
51
Image Credit: Bitcoinist
Bitcoin’s Dip Below $69,000 Triggers Over $200 Million In Liquidations – Details
- Bitcoin (BTC) plunged below $69,000, leading to over $200 million in liquidations.
- Long traders accounted for the majority of the liquidations at $198.6 million, while short positions closed at $34 million.
- Bitcoin's current downtrend could potentially lead to a further drop to $55,000 or a recovery to its all-time high at $73,750.
- The decline in Bitcoin's price coincided with a decrease in the winning odds of US presidential candidate Donald Trump, raising concerns about a potential impact on the crypto market.
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Bitcoinist
1w
289
Image Credit: Bitcoinist
3AC Founder’s Wife Cashes Out With $38.5 Million Singapore Mansion Sale
- The wife of 3AC co-founder Zhu Su, Tao Yaqiong, sold a Singapore mansion for $38.5 million despite frozen assets.
- The sale was finalized in October, despite an existing court order freezing the couple's assets after 3AC went bankrupt.
- The mansion, bought by Yaqiong in 2020 for $20.63 million, occupies an area close to the Singapore Botanic Gardens.
- 3AC faced a downfall in 2022 after cryptocurrency price declines and filed for bankruptcy, with frozen assets worth $1.14 billion.
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Bitcoinist
1w
153
Image Credit: Bitcoinist
US Election Countdown: Bitcoin Price History Suggests Post-Election Rally Ahead
- The US election is fast approaching, with voters set to cast the final votes in the next 48 hours.
- Market analysts and investors are closely watching Bitcoin and other cryptocurrencies to see how they may react once the election results are announced.
- History shows that the Bitcoin price on US election day has always served as a price floor for a parabolic rally.
- If history were to repeat itself, Bitcoin could go on a parabolic run in the remaining months of 2024 and well into 2025.
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Newsbtc
1w
323
Image Credit: Newsbtc
Solana Likely To Target $200 ‘If It Holds Current Support’ – What To Expect
- Solana (SOL) is trading near a crucial support level around $163 after a retracement from local highs.
- If the support level at $160 holds, SOL could rebound and aim to test the downtrend line, suggesting a bullish scenario.
- Failure to hold above $160 may lead to a deeper correction and a test of lower support levels.
- SOL's price action will be closely watched as it hovers around the $160 support, with potential for a rally or a bearish phase.
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Crypto-News-Flash
1w
110
Image Credit: Crypto-News-Flash
The Journey of PlanB: From Bitcoin Model to Market Influencer
- PlanB's Stock-to-Flow (S2F) model revolutionized Bitcoin predictions, providing data-driven analysis for investors.
- PlanB expanded his insights to include altcoin and meme coin trends, offering broader market insights.
- His S2F model transformed investor perceptions of Bitcoin and established its legitimacy as a store of value.
- PlanB's flexible and data-driven approach has influenced the crypto investment landscape despite criticism and market instability.
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Bitcoinik
1w
149
Image Credit: Bitcoinik
$166 Billion Stablecoin Market Indicates Bitcoin Bull Run Is Still Distant
- An analysis by CryptoQuant founder Ki Young Ju suggests we are still far from a real Bitcoin bull phase.
- The BTC-to-stablecoin ratio of 6.05 shows that there’s approximately six times as much BTC on exchanges as stablecoins.
- Currently, the entire stablecoin market capitalization is around $166 billion, but only 21% of these stablecoins are held on exchanges for trading.
- Stablecoin adoption is increasing globally, with over 50% of remittances in certain countries being made in stablecoins.
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Medium
1w
323
Image Credit: Medium
How I Landed 0.15 BTC in Minutes — No Strings Attached!
- A user shares their experience of getting 0.15 BTC quickly and without any strings attached
- The user discovered https://swapx.one/ and tried their Promo section
- Unlike other free crypto mining apps, this platform provided instant BTC in the user's wallet
- The user recommends others to visit https://swapx.one/ and use the promo code MYBTC24 for quick and easy crypto rewards
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19 Likes
Medium
1w
349
Image Credit: Medium
The Elusive Hunt for Bitcoin’s Mysterious Creator: Why Satoshi Nakamoto’s Identity Remains Unsolved
- The identity of Satoshi Nakamoto, the creator of Bitcoin, remains a mystery and has generated various narratives.
- Bitcoin's birth narrative is untethered from time and its creator must have held a vast sum of money.
- The Bitcoin industry is fascinated by Nakamoto's identity, but it shouldn't overshadow the significance of the decentralized digital currency.
- Some argue that discussing the disruptive power of Bitcoin and blockchain technology is more important than unmasking Nakamoto.
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Bitcoinsensus
1w
242
Image Credit: Bitcoinsensus
October’s Biggest Crypto Incident Radiant Capital, Also M2
- October brought millions of dollars in losses due to the hacking of crypto companies.
- Radiant Capital suffered losses twice, by $50M, and $36M, M2 wallet hacked for $13M.
- October saw a 2.91% increase in losses from hacking attacks, with Radiant Capital and M2 Wallet being the main victims.
- Despite the security-centric nature of blockchain technology, crypto hacks remain a significant issue due to vulnerabilities in existing infrastructure and social engineering.
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TronWeekly
1w
213
Image Credit: TronWeekly
Bitcoin Mining Costs Rise To $49,500 In Q2 As Miners Turn To AI For Revenue
- Bitcoin mining costs surged to $49,500 per Bitcoin in Q2, up $2,300 from Q1, as difficulty hit record highs.
- Rising interest rates and limited credit push miners to seek funding via share issuance, diluting investor value.
- Miners remain vulnerable to Bitcoin price shifts, especially with 2024's halving event.
- Miners are exploring AI and other ventures to survive and generate better returns.
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Bitcoinist
1w
153
Image Credit: Bitcoinist
Bitcoin Net Taker Volume Signals Bullish Sentiment – Analyst
- Key data from CryptoQuant reveals that the Net Taker Volume (SMA-24H) across all exchanges currently indicates a bullish outlook for Bitcoin, as buying pressure outweighs selling pressure.
- Analysts anticipate an uptrend for Bitcoin, supported by strong buying interest from retail and institutional players, suggesting another rally may be on the horizon.
- The upcoming events, such as the U.S. election and the Federal Reserve's interest rate decision, are expected to drive volatility and hold significant importance for Bitcoin and the broader crypto market.
- Bitcoin is currently trading above a crucial support level at $67,000, which is key for maintaining a bullish outlook. Recovery towards $70,000 could set the stage for a renewed push towards all-time highs.
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