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Bitcoin News
Zycrypto
2w
52
Image Credit: Zycrypto
US SEC To Monitor Bitcoin, Ethereum; Regulatory Blocks Ahead?
- The United States Securities and Exchange Commission (SEC) has listed Bitcoin and Ethereum in its scrutiny list for 2025.
- SEC aims to increase scrutiny on digital assets and monitor the proliferation of crypto investment, including offer, sale, trading, and advice.
- The SEC's regulatory actions have led to slow innovation and growth, with users expressing concerns about the regulation-by-enforcement approach.
- The upcoming US election may bring a potential change in regulatory stance, as both candidates have shown support for the crypto industry.
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Newsbtc
2w
65
Image Credit: Newsbtc
Whales Are Diving Into Ethereum – Could A 60% Price Spike Follow?
- Analysts predict a potential 60% price spike in Ethereum as whale activity reaches a six-week high.
- Market observers project Ethereum prices to reach $4,000, with the potential to breach $6,000.
- Ethereum co-founder Vitalik Buterin highlights the need for protocol simplification and solving the storage problem.
- Current Ethereum price stands at $2,470 with a 2.84% dip in the last 24 hours.
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Bitcoinist
2w
339
Image Credit: Bitcoinist
Analyst Links Bitcoin’s Recent Fall To High Open Interest – Details
- Bitcoin's recent price decline can be attributed to a high Open Interest rather than the news events, according to an analyst.
- The Wall Street Journal reported that Tether was under investigation, causing bearish sentiment in the market.
- Open Interest in Bitcoin dropped by 9%, indicating an overleveraged market.
- The analyst believes BTC might fall to $60,000, a potential support level.
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Cryptopotato
2w
223
Image Credit: Cryptopotato
Tether Unveils Satoshi Nakamoto Statue at Plan ₿ Forum in Swiss City Lugano
- Tether has unveiled a statue of Satoshi Nakamoto at the Plan ₿ Forum in Lugano, Switzerland.
- The statue is designed to symbolize Nakamoto's mystery and innovation, and his disappearance from public view after creating Bitcoin.
- The statue gradually disappears as the observer changes their position, but fully depicts a man focused on his laptop when viewed from the sides.
- Lugano has embraced cryptocurrency payments and has become a leading hub for digital innovation.
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Bitcoinist
2w
82
Image Credit: Bitcoinist
Bitcoin Price Finds Support At $65,000 — Here’s Its Potential Path To $78,000
- The Bitcoin price has slowed down over the last few days, crashing to around $65,500 on the morning of Saturday, October 26.
- Crypto analyst Ali Martinez predicts a rally towards $78,000 for Bitcoin before the end of 2024.
- The bullish projection is based on the formation of a descending channel pattern on the daily Bitcoin price chart.
- Bitcoin price currently sits just above $67,000, reflecting a 1.3% increase in the past 24 hours.
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Newsbtc
2w
409
Image Credit: Newsbtc
Ethereum Price Holds Strong Above $2,400 — Is $2,650 The Next Stop?
- The Ethereum price fell by 6% in the past week, but found support just above $2,400.
- Technical analysis indicator TD Sequential signals a buy alarm for Ethereum on its 12-hour chart.
- If the support level at $2,412 holds, Ethereum could see a rebound and potentially reach $2,665.
- On-chain data shows negative sentiment as US whales and institutional investors sell Ethereum tokens.
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Bitcoinist
2w
309
Image Credit: Bitcoinist
Bitcoin Demand Remains Strong – Key Metrics Confirm Bullish Outlook
- Bitcoin is trading at $66,800, stabilizing above $65,000 support.
- Data shows strong demand for Bitcoin, indicating anticipation of further upside potential.
- Average trading volume in the past 24 hours reached a local high, signaling active participation and increased interest.
- Bitcoin's consolidation below $70,000 resistance suggests a possible breakout for a sustained rally.
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Nigeriabitcoincummunity
2w
47
Soneium Airdrop Worth $118B – Farm with your Phone
- Sony has launched its own Layer 2 network, Soneium, with a testnet currently live.
- Soneium is set to generously reward participating users through an airdrop.
- Mobile browsers Mises and Kiwi allow users to farm airdrops on their phones.
- A step-by-step guide is provided for participating in the Soneium airdrop.
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Bitcoinsensus
2w
47
Image Credit: Bitcoinsensus
Gold Reserves Surge as BRICS Nations Push for De-Dollarization
- The BRICS summit focused on reducing dependence on the U.S. Dollar, with discussions on alternative payment options and the establishment of a BRICS Grain Exchange.
- BRICS nations, led by China and India, have surpassed the G7 in global GDP at purchasing power parity, highlighting their growing economic influence.
- Gold reserves have reached a 30-year high, driven by BRICS nations, signaling potential shifts in global monetary influence.
- While the BRICS nations are making strides towards de-dollarization, the U.S. dollar's position is unlikely to weaken abruptly.
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Newsbtc
2w
174
Image Credit: Newsbtc
Bitcoin Short Positions Face Serious Risk Above $68,500 – Details
- Bitcoin is currently consolidating below the critical $70,000 level after a volatile week.
- Analyst Ali Martinez highlights high risk for short positions at $68,500, suggesting price may gravitate towards supply zones.
- Bitcoin short squeeze may occur as overleveraged positions face potential liquidation.
- Maintaining awareness of market dynamics and key price levels is crucial as Bitcoin approaches a significant moment.
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10 Likes
Bitcoinist
2w
170
Image Credit: Bitcoinist
Fake Bitcoin ETF Post Lands Man Plea Deal In SEC Hack Case
- The US government is preparing a plea deal for the hacker who targeted the Twitter/X account of the Securities and Exchange Commission (SEC).
- The hacker posted fake news about the approval of Bitcoin ETFs, causing a spike in crypto prices.
- The suspect was arrested by the FBI and is facing charges of identity theft and device fraud.
- The government is unsure if the suspect will accept the plea deal.
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Crypto-News-Flash
2w
17
Image Credit: Crypto-News-Flash
Bitcoin Whales Set New Record Holding 670,000 BTC, What’s Next?
- Bitcoin whales have accumulated 670,000 BTC, marking an all-time high, signaling potential long-term optimism for the market.
- Whale accumulation phases usually precede major price movements, indicating positive trends for Bitcoin.
- Despite price fluctuations, whales continue to increase their holdings, highlighting their confidence in the future of Bitcoin.
- On-chain data suggests that whales are betting on larger future gains, reinforcing positive prospects for the cryptocurrency.
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Newsbtc
2w
65
Image Credit: Newsbtc
Toncoin Sharpe Ratio Is Falling: What It Means And — Is It Time To Buy?
- Toncoin, one of the best-performing cryptocurrencies, has seen a declining Sharpe Ratio, indicating decreased risk and reduced sensitivity to price fluctuations.
- A less volatile market condition may present an opportunity for Toncoin investors to accumulate tokens with less exposure to abrupt price movements.
- Investors should still be cautious and monitor Bitcoin's price movements, as the market tends to respond to swings from the premier cryptocurrency.
- An analyst predicts that Toncoin will overtake Ethereum in terms of adoption by December 20, 2024, based on its recent growth in the number of holders.
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Crypto-News-Flash
2w
148
Image Credit: Crypto-News-Flash
Bitcoin Spot ETFs Attract $402 Million as Ethereum Faces Outflows
- Bitcoin spot ETFs attracted net inflows of $402 million on October 25, with BlackRock's iShares Bitcoin Trust leading with $292 million.
- Ethereum spot ETFs experienced a net outflow of $19.156 million, indicating a waning investor interest in Ethereum compared to Bitcoin.
- The inflows into Bitcoin spot ETFs demonstrate increasing institutional interest in Bitcoin as a result of growing confidence in the asset class.
- The acceptance of Bitcoin in traditional finance and the regulatory approval of Bitcoin spot ETFs are contributing factors to the influx of institutional investors.
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Newsbtc
2w
130
Image Credit: Newsbtc
Solana Bullish Pattern Holds – Crypto Analyst Sets $202 Target
- Solana is showing strength as it pushes above the critical $171 level, which now serves as a demand zone.
- Crypto analyst Carl Runefelt indicates that Solana's current price action remains bullish as long as it sustains support above $171.
- A successful retest of the neckline in Solana's head and shoulders pattern could lead to a target price of $202 in the short term.
- Maintaining support above $171 and breaking the $180 resistance level are crucial for sustaining Solana's bullish momentum.
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