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Bitcoin News
Blockonomi
2w
298
Image Credit: Blockonomi
Bitcoin BTC Trades Near $72,000 Following Major Institutional Purchases
- Bitcoin surged past the $70,000 mark, reaching a three-month high around $72,000.
- Bitcoin ETF trading volumes hit a record $4.5 billion, with BlackRock's IBIT leading at $3.3 billion.
- Bhutan transferred $66.5 million in Bitcoin to Binance while retaining $886 million in reserves.
- Technical analysis suggests a potential peak around $76,600 based on the completion of an ABCD pattern, while the RSI at 73 indicates overbought conditions.
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Coinjournal
2w
268
Image Credit: Coinjournal
Analysts anticipate a Bitcoin Dogs breakout as Bitcoin (BTC) teases new ATH
- Bitcoin (BTC) surpasses $73,000, nearing its all-time high, drawing investor interest.
- Bitcoin Dogs (0DOG), a meme coin, could experience a breakout with its upcoming game launch.
- Analysts predict growth for Bitcoin Dogs, benefiting from Bitcoin's bullish momentum.
- Bitcoin Dogs combines blockchain gaming, NFTs, and community-driven initiatives for potential success.
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Blockonomi
2w
38
Image Credit: Blockonomi
Bitcoin Forms Dual Golden Cross Patterns: Technical Analysis Points to $140K+
- Bitcoin has formed two golden cross patterns – one traditional (50/200-day MA) and one MVRV-based
- Analysts project potential Bitcoin price targets of $135K-$148K
- Previous golden cross in late 2023 led to 110% gain from $34K to $73K
- Trading system based on 50/200-day MA crosses since 2018 would have yielded ~$58,500 in profits
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2 Likes
Bitcoinik
2w
237
Image Credit: Bitcoinik
Bitcoin Surges Above $74K – Is “Uptober” Finally Here? What’s Next?
- Bitcoin's trading price surges above $73,500 in the last 24 hours.
- Bitcoin's price rise aligns with the expected bullish trend for October, known as 'Uptober'.
- Bitcoin spot ETF market experiences a net inflow of $870 million, with BlackRock's IBIT and Fidelity's FBTC receiving significant investments.
- Large Bitcoin holders, including MicroStrategy and El Salvador, celebrate unrealized profits.
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14 Likes
Crypto-News-Flash
2w
77
Image Credit: Crypto-News-Flash
Bitcoin Nears $70K Amid Easing Global Tensions and Election Hopes
- Bitcoin's price briefly reached $69,200 amid easing Middle Eastern tensions and election-related risk aversion.
- Bitcoin's fixed supply offers an inflation hedge and draws attention from investors wary of upcoming inflation data and the post-election environment.
- Some traders are exploring alternative assets like Bitcoin as regional tensions persist in the Middle East.
- The post-election environment could see a shift back to riskier assets, including Bitcoin, due to its fixed supply and potential regulatory clarity.
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4 Likes
Altcoinbuzz
2w
268
Native USDT Goes Live on Aptos
- USDT is now live in the Aptos blockchain, offering fast and affordable international payments.
- Aptos, known for its low fees and high transaction volume, adds USDT as a stable anchor in the crypto market.
- The integration of USDT on Aptos makes finance accessible globally with fast and reliable transactions.
- This launch opens up opportunities for users in the Aptos ecosystem to earn, trade, and utilize various dApps.
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16 Likes
Crypto-News-Flash
2w
372
Image Credit: Crypto-News-Flash
Florida’s New Move: Adding Bitcoin to State Reserves for Diversification
- Florida's Chief Financial Officer, Jimmy Patronis, proposes adding Bitcoin to state reserves for diversification.
- Patronis suggests that Bitcoin's reputation as 'digital gold' makes it a hedge against volatility and an opportunity to improve the state's financial portfolio.
- The proposal includes a pilot program to assess the feasibility of Bitcoin in state pension funds.
- Florida has a proactive approach to cryptocurrency and aims to stay ahead in implementing digital asset rules.
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22 Likes
Blockonomi
2w
142
Image Credit: Blockonomi
Bitcoin ETF Inflows Surge as BTC Approaches Record Levels
- U.S. Bitcoin ETFs recorded $870M net inflows in a single day (Oct 30, 2024)
- BlackRock’s IBIT led with $629M inflows, followed by Fidelity’s FBTC at $133M
- Total ETF trading volume hit $4.75B, highest since March
- Bitcoin price reached $73,000, approaching all-time high
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8 Likes
Bitcoinist
2w
116
Image Credit: Bitcoinist
Bitcoin Nears New ATH Amid Positive Q4 Seasonality: Report
- Bitcoin (BTC) is nearing a new all-time high (ATH) driven by positive Q4 seasonality.
- BTC surged past $71,000 on October 28, fueling expectations for a new ATH above $73,737.
- A recent report suggests that Bitcoin's price could surge after the US presidential election, with a possible correlation to Donald Trump's election odds.
- Bitcoin is also expected to benefit from favorable Q4 seasonality and an increase in call options expiring in December.
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7 Likes
Altcoinbuzz
2w
359
Vitalik Buterin, on The Verge: Exploring Ethereum’s Future
- The Verge is an upgrade in Ethereum's roadmap that aims to make it easier to run a node from various devices.
- The main goals of The Verge are to enable verification with minimal storage requirements and to allow full chain verification on smartwatches using ZK tech.
- Ethereum is considering replacing the current Merkle Patricia state tree with Verkle trees or STARKed binary hash trees to reduce storage needs for stateless clients.
- The long-term goal of Ethereum is to have small proofs for block verification, both at the consensus layer and the execution layer using SNARK or STARK solutions.
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21 Likes
Crypto-News-Flash
2w
199
Image Credit: Crypto-News-Flash
Analyst Predicts XRP May Soon Surpass Bitcoin — Here’s Why
- Former Ripple executive and crypto advocate Matt Hamilton argues that XRP's scalable infrastructure makes it more suitable than Bitcoin for mainstream financial applications.
- Bitcoin's strengths in decentralization and security are highlighted, emphasizing its role in financial sovereignty despite scalability limitations.
- XRP is anticipated to surpass Bitcoin as the leading cryptocurrency, with its design addressing scalability and energy efficiency challenges.
- The debate over whether Bitcoin, XRP, or other networks will prevail in the digital asset space remains open.
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11 Likes
Tokenhell
2w
359
Trading Volume vs. Onchain Volume – What is the Difference?
- Onchain volume shows the total amount of a particular crypto asset moving between wallets within a specific period.
- Trading volume measures the total amount of a crypto asset traded within a certain time period.
- Key differences between trading volume and onchain volume include the type of transactions they reflect and the platforms they are accessed from.
- Onchain volume is considered more reliable due to its verifiability and transparency, while trading volume can be manipulated by exchanges.
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21 Likes
TheNewsCrypto
2w
315
Image Credit: TheNewsCrypto
Bitcoin (BTC) Price Prediction 2024, 2025, 2026-2030
- Bitcoin (BTC) may reach a bullish price of $89,916 soon, with the approval of a spot Bitcoin exchange-traded fund (ETF) gaining attention from investors.
- The upcoming Bitcoin halving, scheduled for April 2024, will see a 50% decrease in mining rewards. Technical analysis indicators show bullish price predictions for 2024 ranging from $74,383 to $90,387.
- If Bitcoin (BTC) maintains an active bullish trend, it may rally to reach $89,916 soon. Bearish price predictions for 2024 range from $50,633 to $64,976.
- Price comparisons of Bitcoin (BTC) with Ethereum (ETH) show similar price trajectories.
- Predictions for Bitcoin (BTC) prices in the years 2025, 2026, 2027, 2028, 2029, and 2030 range from $46,987 to $230,600.
- The analysis takes into account technical indicators such as Relative Volume (RVOL), Moving Average (MA), Relative Strength Index (RSI), and Average Directional Index (ADX).
- BTC has a fixed supply cap of 21 million BTC, with less than 1.35 million BTC remaining to be mined as of February 2024.
- Bitcoin (BTC) is the original decentralized digital currency, created in 2009 by Satoshi Nakamoto, introducing the concept of blockchain technology.
- Bitcoin (BTC) adoption has expanded into various sectors, from retail to education, and the introduction of real-world Bitcoin ATMs, becoming a dominant force in the global financial landscape.
- Bitcoin (BTC) hit its current all-time high (ATH) of $73,750.07 on March 14, 2024, and its all-time low (ATL) of $0.04865 on July 15, 2010.
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19 Likes
Newsbtc
2w
43
Image Credit: Newsbtc
Solana Memecoin Market Thrives: POPCAT Reaches New Record Price Of $1.75
- The Solana (SOL) memecoin ecosystem is regaining traction with investors as Bitcoin (BTC) leads the overall market recovery.
- Popcat (POPCAT), one of the outstanding tokens in the Solana memecoin space, has experienced a 21% surge and reached a new all-time high of $1.75.
- Wintermute, a market-making trading firm, has played a significant role in facilitating buying transactions for POPCAT, driving its recent bullish trend.
- Investors have been taking profits, leading to a retracement from the record-high price, but it will be crucial for POPCAT to hold key support levels above $1.70.
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2 Likes
NullTX
2w
34
Image Credit: NullTX
BITCOIN PRICE ANALYSIS & PREDICTION (October 30) – Is Bitcoin Brewing For Another Rally With This Hidden Bullish Formation?
- Bitcoin formed a new bullish pattern after a slight setback and is up 1% today.
- The price bounced back sharply and closed above $67,000, forming a bullish (double-bottom) formation.
- If the bullish signal plays out, Bitcoin could rally to $72,000 and $73,777 resistance levels.
- Key support levels to watch are $66,260, $63,600, and $61,321.
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2 Likes
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