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Bitcoin News
Bitcoinist
2w
81
Image Credit: Bitcoinist
Major MVRV Bitcoin Buy Signal Prints But Breaking $86,000 Is Crucial
- Bitcoin buyers aim to confirm the recent rally and close above $74,000, marking new highs.
- The market value to realized value (MVRV) ratio has exceeded the 365-day moving average, a positive indicator.
- Breaking $86,200 will determine the fate of bulls, with potential for prices to reach $100,000.
- Inflows from institutions and retail investors will impact the pace of Bitcoin's growth towards $100,000.
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4 Likes
Bitcoinist
2w
319
Image Credit: Bitcoinist
Coinbase CEO Blasts SEC For Senseless Legal Tactics, Demands Apology
- Coinbase CEO Brian Armstrong criticizes the SEC for its confusing and inconsistent stance on cryptocurrency.
- Armstrong highlights the issue of regulatory uncertainty, which hampers innovation and investor trust in the crypto sector.
- He calls for the withdrawal of frivolous cases against crypto entities and demands an apology from the next SEC chair to restore trust.
- Coinbase is actively opposing SEC enforcement actions, arguing that unclear regulations have hindered the progress of cryptocurrencies.
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19 Likes
NullTX
2w
267
Image Credit: NullTX
Bitcoin Surges Past $73K As Bull Market Gains Momentum
- Bitcoin surges past $73,000, rising over 8%.
- Factors contributing to the rally include strong inflows into spot ETFs, monetary easing, and optimism for crypto-friendly policies.
- Bitcoin demand returns to levels last seen in February, signaling renewed momentum.
- Bitcoin's spot ETF market hits historical milestone with net asset value exceeding 5% of total market cap.
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16 Likes
Bitcoinik
2w
129
Image Credit: Bitcoinik
MicroStrategy Announces Plan to Raise $42 Billion to Buy More Bitcoin in the Future
- MicroStrategy, a business intelligence firm, plans to raise $42 billion in capital over the next three years.
- The company aims to divide this evenly between equity and fixed-income securities.
- The raised capital will be used to purchase more Bitcoin as a treasury reserve asset.
- MicroStrategy has been consistently increasing its Bitcoin holdings as a hedge against inflation.
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7 Likes
Cryptonews
2w
172
Image Credit: Cryptonews
On the Radar – Coins to Watch: DOGE and PYTH
- Bitcoin continues to press higher towards a new all-time high, trading up 14% for the month.
- MicroStrategy announces a $42 billion USD capital plan for the next three years focusing on its Bitcoin strategy.
- Bank of Japan to announce interest rate update; volatility expected.
- Dogecoin (DOGE) rallies 50% in October, while Pyth Network (PYTH) shows signs of positive market structure.
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10 Likes
Tokenhell
2w
64
Harris Campaign Accused of Coordinated Efforts to Sway Public on X Platform
- Elon Musk is investigating allegations of coordinated online strategies by Vice President Kamala Harris's presidential campaign on X.
- The Harris campaign is accused of using Discord to coordinate volunteers to suppress criticism and manipulate X's Community Notes feature.
- Volunteers are allegedly downvoting Community Notes that contradict or criticize Harris's posts and using unrelated hashtags to boost engagement.
- Philadelphia DA has filed a lawsuit against Elon Musk's PAC, alleging improper electoral influence through a voter sweepstakes.
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3 Likes
Cryptonews
2w
345
Image Credit: Cryptonews
Ethereum Sci-Fi Game Serves as Blueprint for Roland Emmerich’s ‘Space Nation’ TV Show
- A TV series based on the Ethereum massively multiplayer online game, Space Nation Online, is in development, with Roland Emmerich on board to executive produce.
- The series will be set before the events of the game and will follow the story of a girl trying to fight off an invading alien force.
- The series is in the early stages of development, with screenplays expected to be developed over the next year and production set to start in late 2025.
- The planned air date for the TV show is sometime in 2027.
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Cryptonews
2w
90
Image Credit: Cryptonews
Bitcoin Nears $74k Mark, Analysts Predict New All-Time High Amid ‘Rising Bullish Momentum’
- Bitcoin flirts with a new all-time high, repeatedly surpassing US$73K, with its sights set on the US$74K mark.
- Market Analyst Josh Gilbert suggests the absence of peak retail interest could drive Bitcoin’s price higher.
- Analysts speculate that anticipation of a Donald Trump election victory is influencing Bitcoin’s current upswing.
- Anthony Scaramucci of SkyBridge Capital views Bitcoin’s journey as still in its early days, with significant potential ahead.
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5 Likes
Cryptonews
2w
172
Image Credit: Cryptonews
MicroStrategy Vows to Secure $42 Billion for Bitcoin Investments, Despite Loss on Impairment
- MicroStrategy plans to raise $42 billion over the next three years to expand its Bitcoin holdings.
- The company aims to raise $21 billion from equity and $21 billion from fixed-income securities.
- This capital would allow MicroStrategy to acquire around 578,586 BTC, approximately 2.7% of Bitcoin's total supply.
- Despite facing a net loss of $340 million this quarter due to an impairment charge, MicroStrategy's stock has gained nearly 300% this year.
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10 Likes
Bitcoinsensus
2w
151
Image Credit: Bitcoinsensus
Robinhood Shares Drop 12% Despite Strong Q3 Crypto Growth
- Robinhood's Q3 report revealed $150 million in net income and $630 million in revenue, yet shares dropped 12% in after-hours trading due to unmet expectations.
- Robinhood's cryptocurrency trading volume surged 112% year-over-year, hitting $14.4 billion, with crypto revenue reaching $61 million, up 63% from the last report.
- The company may expand its crypto offerings further, potentially launching its own stablecoin inspired by PayPal's crypto ventures.
- Analysts predicted a higher revenue for Robinhood, causing a 12% drop in shares.
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9 Likes
Coinpedia
2w
142
Image Credit: Coinpedia
Bitcoin Price Prediction: How High Might BTC Reach by Year-End?
- Bitcoin analyst Michaël van de Poppe predicts that Bitcoin could reach $80,000 in November and between $90,000 and $100,000 by December.
- Van de Poppe expects altcoins to outperform Bitcoin as yields are expected to drop.
- Key price levels to watch include $74,500 to $75,500 as resistance, $71,500 to $72,000 as support, and a potential upswing toward $77,000 to $80,000.
- Bloomberg Analyst Eric Balchunas notes that U.S. Bitcoin ETFs are currently adding about 17,000 BTC per week.
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8 Likes
Bitcoinist
2w
34
Image Credit: Bitcoinist
Bitcoin Futures Annualized Premium Climbs Sharply, Sign Of Strong Institutional Interest?
- Bitcoin futures annualized premium has witnessed a significant growth in recent weeks, indicating strong institutional interest.
- The annualized premium for purchasing spot Bitcoin ETFs and selling short CME futures has nearly doubled in the past month, rising from 6% to 11%.
- Bitcoin's futures open interest saw a sharp increase of 20,000 BTC in the last 24 hours, marking the biggest spike since June.
- Optimism is brewing as Bitcoin approaches its all-time high of $73,000, with the possibility of hitting this level in the coming days.
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2 Likes
Bitcoinsensus
2w
414
Image Credit: Bitcoinsensus
Ethereum Foundation Sells 100 ETH Adding to $11M Total Sales in 2024
- The Ethereum Foundation has sold 100 ETH (~$271,000) on October 30, adding to over $11 million in ETH sales in 2024.
- Vitalik Buterin defended the Foundation's sales, explaining they support critical development and security efforts, including research, transaction fee reduction, and privacy initiatives like zk-SNARK technology.
- The Ethereum Foundation has sold over $11 million worth of ETH in 2024, sparking discussion within the crypto community.
- Staking ETH could create conflicts in potential network hard forks, which the Foundation aims to avoid.
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24 Likes
Bitcoinist
2w
43
Image Credit: Bitcoinist
Ethereum Founder Says Dogecoin Deserves To Be Number 2 Crypto After Bitcoin
- Ethereum founder Vitalik Buterin has stated that Dogecoin deserves to be ranked right after Bitcoin (BTC) in the crypto space.
- Buterin's endorsement of Dogecoin as the second most prominent cryptocurrency has caught the attention of the market.
- Despite its lacking utility compared to Ethereum, Dogecoin has gained significant attention and support due to its cultural value and community growth.
- Crypto analyst Jake Wujastyk predicts a bullish trend for Dogecoin, with a potential upside target between $0.2145 and $0.2295.
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2 Likes
Bitcoinsensus
2w
233
Image Credit: Bitcoinsensus
MicroStrategy Aims to Buy More BTC with Massive $42B Capital Raise
- MicroStrategy plans to raise $42 billion capital over the next three years to expand its Bitcoin holdings.
- The company currently holds 252,220 BTC (~$18 billion) and intends to buy more BTC as a treasury reserve.
- Phong Le, President and CEO, announced the '21/21 Plan' targeting $21 billion of equity and $21 billion of fixed-income securities.
- Bitcoin's price saw a recent rise above $70,000, with trading volume down 39% today.
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14 Likes
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