[ad_1] As Bitcoin (BTC) continues to tease a new all-time high (ATH), daily over-the-counter (OTC) desk inflows have plummeted to yearly lows. Bitcoin’s “Uptober” Narrative Remains Intact Bitcoin has overturned the sluggish start to its historically most bullish month, recording more than 13% gains in October and coming within reach of a new ATH. The leading digital asset’s performance has restored faith in the “Uptober” narrative as it looks to record its biggest one-month gains since March 2024, when it achieved its current ATH of $73,737. Data from crypto analytics firm CryptoQuant indicates that BTC balance with OTC desks has…
Author: dfrancis36
[ad_1] Este artículo también está disponible en español. A crypto analyst has forecasted a 98% Bitcoin price crash following a substantial rally to $250,000. Interestingly, the analyst is confident that Bitcoin will eventually reach this ambitious quarter-million-dollar target. However, they caution that once profits are taken at this top, Bitcoin could decline significantly to new lows. Bitcoin Price Projected To Crash 98% On October 30, crypto analyst Gert van Lagen told his 106,700 followers on X (formerly Twitter) that the Bitcoin price could drop to the $24,000 range once it hits $250,000. Lagen revealed that many investors have felt overly…
[ad_1] With just six days remaining until the US presidential election, former President Donald Trump has intensified his support for Bitcoin (BTC) and the broader crypto industry. In a recent statement aimed at taxpayers, Trump proposed significant changes that could reshape the landscape for digital asset transactions in the United States, especially following years of heightened scrutiny from regulators. No Capital Gains Tax On Bitcoin Purchases Trump’s commitment to making the US the “crypto capital of the world” includes a recent proposal to eliminate capital gains taxes on Bitcoin transactions when used for purchases. In a social media post on…
[ad_1] Ethereum price started a fresh increase above the $2,600 resistance. ETH is consolidating gains and might aim for a move above the $2,720 resistance. Ethereum started a decent increase above the $2,650 zone. The price is trading above $2,600 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,540 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it clears the $2,650 and $2,720 resistance levels. Ethereum Price Eyes More Gains Ethereum price formed a base above the $2,550 level and started a…
[ad_1] Follow Aaron on Nostr or X. Some things in Bitcoin are just not up for debate.The plural of bitcoin is also bitcoin— not bitcoins. (One bitcoin, two bitcoin, three bitcoin…) Bits is a better sub-denomination than sats. (100 sats is actually one bit, like a 100 cents is one dollar; being a wholecoiner makes you the Bitcoin-equivalent of a millionaire, as that would mean you have a million bits.) And October 31st is not Bitcoin’s birthday.Bitcoin’s birthday is January 3rd. It says so right there in block 0: 2009-01-03 19:15:05 GMT +1. On that day Bitcoin’s blockchain launched, with 50 newly…
[ad_1] Este artículo también está disponible en español. Bitcoin has been trading in a tight 4-hour range between $71,300 and $73,300 since Tuesday, setting the stage for a significant move in the coming days. Analysts and investors closely watch this range as BTC inches closer to its all-time high (ATH). Top analyst Axel Adler recently shared key data from CryptoQuant, noting that trading volume has steadily decreased as Bitcoin remains within these levels. Typically, this volume decline signals consolidation, a phase often preceding a major price swing. Related Reading Anticipation is building with the U.S. election just around the corner…
[ad_1] The cooperation of Nishad Singh, the former chief engineer at the now-collapsed FTX, with the authorities was advantageous, as he was sentenced to time served along with three years of supervised release yesterday (Wednesday). He has also been ordered to forfeit $11 billion.Singh previously pleaded guilty to six counts of fraud and conspiracy for his role in the $8 billion fraud led by Sam Bankman-Fried, the former CEO of the exchange, who is now serving a 25-year prison term. Singh faced a possible 75-year sentence but chose to cooperate with the investigation and testified against his former boss, Bankman-Fried.Why…
[ad_1] In a recent report, the US Treasury Department detailed significant growth in key areas of the crypto ecosystem, emphasizing how this expansion has influenced demand for short-term Treasury bills (T-Bills), which are viewed as a safe investment backed by the US government’s credit. $120 Billion In Stablecoin Collateral Tied To US Treasuries The Treasury report asserts that digital assets, while still emerging from a small base, have seen rapid growth. This expansion includes native cryptocurrencies like Bitcoin and Ethereum, as well as stablecoins. However, the department notes that despite the increased market activity, household and industry adoption of cryptocurrencies…
[ad_1] Macro guru Raoul Pal believes that if Solana (SOL) reclaims a key level it may signal the broader crypto market has entered the most explosive phase of the cycle. The Real Vision CEO tells his one million followers on the social media platform X that if Solana turns $185 into support other digital assets may start to soar along with it. “With BTC well over $70,000, I’m looking for the final confirmations from some others. SOL over $185.” Source: Raoul Pal/X Pal says that a massive crypto uptrend may soon begin since SOL and other digital assets appear to…
[ad_1] It’s been a busy week for Tether, as the company announced that it had authorized the minting of another 1 billion USDT tokens, pushing the total number of minted tokens to $33 billion in the last year. According to blockchain data, the additional tokens were minted on the Tron network and immediately sent to the company’s treasury wallet. Whale Alert also confirmed the latest transaction last Tuesday at around 20:43 (UTC). The company’s latest replenishment order has sparked speculation of increasing demand and a potential price surge. 1,000,000,000 #USDT (999,750,000 USD) minted at Tether Treasuryhttps://t.co/Vxw2yhfwTY — Whale Alert (@whale_alert)…