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Bitcoin News
Newsbtc
1w
384
Image Credit: Newsbtc
Bitcoin Flashes Buy Signal After Price Closed 2nd Green Month Candle In A Row
- The Bitcoin price closed October with a 10% gain and a second consecutive green candle, signaling a positive trend.
- Historical analysis suggests that the Bitcoin market rallies when two consecutive green monthly candles are recorded.
- This pattern is similar to the 2021 bull run, where three straight green monthly candles were followed by an accumulation phase.
- The upcoming US elections could bring certainty to the market and potentially cause a Bitcoin rally in November.
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Bitcoinist
1w
188
Image Credit: Bitcoinist
Bitcoin Long Liquidations ‘Starting To Shake Things Up’ – Liquidity Reset Or Deeper Retrace?
- Bitcoin is in a consolidation phase after failing to break its all-time high.
- Long BTC liquidations have increased, causing short-term volatility.
- This liquidity reset may pave the way for a stronger breakout attempt.
- The upcoming week, including the US election and Federal Reserve decision, will influence Bitcoin's price action.
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11 Likes
Stackexchange
1w
192
Image Credit: Stackexchange
Lost 2fa, no seed
- The user is seeking help after losing access to their 2FA wallet.
- They lost their mobile device and don't have the seed for recovery.
- Attempts to contact TrustedCoin for 2FA reset have been unsuccessful.
- The user is looking for assistance to regain access to their wallet.
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11 Likes
Newsbtc
1w
277
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Solana Headed For Correction Before Bounce – Analyst Sets $180 Target
- Solana (SOL) is trading around a crucial demand level at $165, with the risk of a deeper correction if support is lost.
- Analyst Carl Runefelt suggests that Solana may see a brief correction before rallying to retest recent highs.
- The $160 level is critical for SOL, acting as a support zone that could fuel further upward momentum.
- Investors are closely monitoring Solana's technical setup and its ability to hold above $160 for potential gains.
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16 Likes
Bitcoinist
1w
102
Image Credit: Bitcoinist
Craig Wright Denies Being In Contempt For $1.2 Billion Lawsuit Against Bitcoin Core And Square
- Australian computer scientist and self-proclaimed Bitcoin inventor, Craig Wright, is facing a contempt of court case for his $1.2 billion lawsuit against BTC Core developers and Square.
- The Cryptocurrency Open Patent Alliance (COPA) filed a contempt application form, arguing that Wright breached the injunction from the main Bitcoin authorship trial.
- Wright claims that BTC Core developers and affiliated parties misrepresented BTC as the original Bitcoin and caused confusion in the market with Taproot and SegWit upgrades.
- Judge Mellor put Wright's lawsuit on hold until the contempt application is resolved on December 18, and a direction hearing is set for November 26 to determine Wright's physical presence in court.
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6 Likes
TechBullion
1w
316
Image Credit: TechBullion
What Does Bitcoin Have That Gold and Stocks Don’t in a Volatile Economy?
- Investors seek ways to safeguard wealth in an unpredictable economic environment.
- Gold has been a reliable store of value, but its supply can be inflated.
- The Nasdaq stock index has shown impressive performance, but it comes with its own risks.
- Bitcoin stands apart with its fixed supply and decentralized nature, offering a hedge against inflation and traditional market vulnerabilities.
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19 Likes
Newsbtc
1w
149
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Bitcoin ETFs Crucial To Sustain Current Buying Pressure – Details
- Stablecoins provide insufficient liquidity to sustain the current buying pressure on Bitcoin.
- Crypto exchanges hold only 21% of the total stablecoin market, hindering potential price gains.
- Spot Bitcoin ETFs and Coinbase USD reserves are crucial for providing market liquidity.
- Maintaining the momentum of Bitcoin ETFs is important to avoid a decrease in buying pressure.
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9 Likes
Cryptoslate
1w
106
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Time for Trump (or Kamala) to pledge to buy 20% of the entire Bitcoin supply
- Donald Trump's odds of being elected as President of the US are on the rise.
- Trump should reveal his intention of holding Bitcoin as a national strategic asset.
- He should outline an extensive Bitcoin policy, highlighting his plan to acquire 20% of the Bitcoin supply.
- Trump has a golden opportunity to introduce Bitcoin policy as part of his campaign strategy.
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Bitcoinist
1w
4
Image Credit: Bitcoinist
Presidential Advisor Ramaswamy Unveils Bitcoin Integration In Strive’s $1.7 Billion Strategy
- Strive Asset Management, co-founded by presidential advisor Vivek Ramaswamy, launches a new wealth management division.
- The initiative aims to integrate Bitcoin into investment portfolios as a hedge against long-term economic risks.
- Strive's focus on Bitcoin addresses challenges like unsustainable debt levels, rising fixed-income yields, inflationary pressures, and geopolitical instability.
- The firm is relocating its headquarters to Dallas, Texas, to capitalize on the state's favorable business climate and recognition as a hub for capital and crypto operations.
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Newsbtc
1w
55
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Bitcoin On-Chain Indicator Signals Panic Selling At Current Levels – Time To HODL?
- Bitcoin holds above $69,000 after a slight pullback from recent local highs at $73,600.
- Short-term holders experience panic selling, indicating potential price surge as stronger hands accumulate BTC.
- Surpassing critical $73,794 resistance could trigger wave of buying interest and push BTC into new highs.
- Bitcoin holds firm above $69,000 support level, key for further upside momentum and defining next phase of bull run.
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3 Likes
Bitcoinist
1w
98
Image Credit: Bitcoinist
MicroStrategy’s ‘Intelligent Leverage Strategy’ Ideal For Bitcoin Exposure, Report Says
- Canaccord recently dubbed MicroStrategy's 'intelligent leverage strategy' as ideal for gaining exposure to Bitcoin (BTC).
- MicroStrategy's overall Bitcoin acquisition strategy, including its '21/21 plan', is acknowledged, which involves a $42 billion capital inflow split evenly between ATM equity offerings and fixed-income securities.
- Canaccord raised MSTR's price target from $173 to $300, while keeping a 'buy' rating on the stock.
- More firms are following in MicroStrategy's footsteps, replicating its Bitcoin acquisition strategy.
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5 Likes
Medium
1w
355
Image Credit: Medium
Learn Blockchain In 3 Minutes
- Blockchain is a peer-to-peer distributed ledger that stores transactions in many computers.
- It guarantees relentlessness, integrity, and security.
- Blockchain works as a chain of blocks, where each block contains information, hash, and a link to the previous block.
- Blockchain is decentralized, unlike a typical centralized ledger system.
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Bitcoinsensus
1w
111
Image Credit: Bitcoinsensus
Layer 2 Solutions: A Deep Dive into Optimism and zk-Rollups
- Layer 2 solutions tackle scalability issues by processing transactions off-chain, lowering costs and reducing congestion.
- Types of Layer 2 scaling solutions include Optimistic Rollups, Zero-Knowledge Rollups, State Channels, Side Chains, and Plasma Chains, each with unique mechanisms to improve blockchain networks.
- Optimism and zk-Rollups are two popular solutions in Ethereum network which enhance transaction speed and security by processing transactions off-chain while preserving decentralization.
- Optimistic Rollups aggregate transactions before verification, offering significantly better throughput than traditional Layer 1 solutions, while zk-Rollups use cryptographic proof to validate transactions, making them faster and more private than Optimism.
- State Channels enable off-chain transaction processing between parties, reducing the need for on-chain confirmations and improving transaction speeds and efficiency.
- Side Chains offer flexible governance and consensus rules and allow for experimentation without affecting the main blockchain's stability, making them attractive for specific use cases.
- Plasma Chains create smaller, hierarchical blockchains that offload transaction processing from the main chain, reducing congestion and improving transaction speeds, while preserving the security and integrity of the primary blockchain.
- Popular Layer 2 scaling solutions in Ethereum ecosystem include Arbitrum, Optimism, zkSync, and Polygon, which have improved scalability and cost-efficiency for developers building DeFi apps.
- Emerging innovations like Starknet, Scroll, and Linea are anticipated to further advance the capabilities of Layer 2 solutions and improve scalability across the blockchain ecosystem.
- Layer 2 solutions complement Layer 1 blockchains, allowing them to focus on security and decentralization while enhancing transaction throughput and providing better user experience for decentralized applications.
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6 Likes
Coinpedia
1w
145
Image Credit: Coinpedia
BTC Price Analysis: Will Bitcoin Crash Further During US Election Week?
- Bitcoin price dropped below $70,000, potentially due to changing political predictions.
- Analyst Credible Crypto warns of a potential bearish trend if Bitcoin fails to hold the $65,000 support level.
- A bounce from the $65,000-$69,000 range could propel Bitcoin towards $74,000.
- Bitcoin's future depends on its ability to hold the $65,000 support zone for sustained bullish momentum.
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8 Likes
Newsbtc
1w
235
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Ethereum Must Stay Above $2,480 For This Bullish Signal To Hold True – Analyst
- Crypto analyst Ali Martinez highlights a vital price support for Ethereum (ETH).
- TD Sequential indicator has flashed a buy signal on the ETH 4-hour chart.
- For the bullish signal to hold true, Ethereum must stay above the $2,480 support zone.
- ETH expected to rebound to around $2,700 if the support zone holds.
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14 Likes
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