🪙 Ethereum Technical Analysis: ETH Stabilizes Amid Key Resistance

🍃 Ethereum’s price found stability within a narrow range, moving between $2,470 and $2,537 over the past day, as both oscillators and moving averages reflect neutral-to-bearish signals, indicating a pause in its short-term momentum.

👍 Bitcoin Technical Analysis: Upward Momentum Stays Strong Across Short and Long-Term Averages

🪙 Bitcoin’s price holds at $68,499 today within a 24-hour range of $66,964 to $68,750, with a market cap of $1.35 trillion and trading volume at $24.46 billion.

Crypto Insight 🔎

🪙 Tether CEO Breaks Down $9.45B in BTC and Gold Reserves, but It’s Only Part of the Picture

🥶 At the Plan ₿ Forum in Lugano, Switzerland, Tether CEO Paolo Ardoino gave an insight into the financial reserves of Tether, disclosing that the stablecoin heavyweight holds 82,454 BTC and 48.3 tons of gold.

📈 Bitcoin Drops Amid Market Chatter—A Familiar Pattern From the Past—Here’s What We Know

🔽 Bitcoin’s price danced through a roller-coaster ride on Friday, hitting an intraday high of $68,700 before plunging to a 24 hour low of $65,853.

🗒 BlackRock's spot #Bitcoin ETF did almost $2 BILLION in trading volume today 👀

⌛ Michael Saylor says Microsoft can make "next trillion dollars" by investing treasury in #Bitcoin 🪙

💭 Bitcoin 2024 Forecast: Experts Split on $125K Bullish or $40K Bearish BTC Outlook

🏠 Bitcoin’s future value remains a hot topic, with Finder’s latest survey reflecting expert opinions on its trajectory. While BTC is expected to hit $77,636 by the end of 2024, long-term projections predict growth to $113,364 by 2025 and $282,238 by 2030. Despite this cautious optimism, opinions are divided, especially concerning bitcoin’s mainstream adoption for everyday transactions.

🔔 Vintage 2011 Bitcoin Wallet Moves $10M, Linked to All of October’s 2011 Spends

🟢 On Oct. 24, at block height 867,127, a bitcoin wallet from 2011 suddenly moved 150 bitcoins, marking the first transaction in over 13 years. This is the fifth occurrence this month of bitcoins from 2011 being spent, and it’s extremely likely that most of these transactions are all connected to the same individual or entity.

⚡ The US government's wallet reactivated after 8 months of inactivity

A total of $20 million in various cryptocurrencies were withdrawn from a long inactive wallet identified as a US government wallet.

👻 Over 1,800 ETFs have launched in the last 4 years and BlackRock's spot #Bitcoin ETF is the most successful out of all of them 💥

⚡ Bitcoin forecast to hit $200K by end of 2025: Bernstein

Bernstein’s report is the latest in a series of bullish forecasts from institutional market researchers ahead of the November US presential election. Bernstein’s 160-page “Black Book” makes the case for why Bitcoin miners will continue to consolidate the industry, Matthew Sigel, VanEck’s head of digital asset research, said in an Oct. 23 post on the X platform.

💥 Massive Inflows Push Bitcoin ETFs Higher as Ether Funds Falter

✅ On Monday, spot bitcoin exchange-traded funds (ETFs) marked another day of gains, pulling in $294.29 million in positive inflows. In contrast, ether ETFs saw a different story, losing $20.8 million across nine funds during the trading day.

🪙 Ether ETFs Snag Gains While Bitcoin Funds Realize $79M in Outflows

🪙 bitcoin exchange-traded funds (ETFs) hit a bump in the road on Tuesday, recording $79.09 million in net outflows. Meanwhile, ether ETFs turned things around, bringing in $11.94 million in net gains.

The digital rupee could squeeze cryptocurrencies in India

According to local media reports, Indian regulators are considering banning private decentralized cryptocurrencies such as Bitcoin in favor of central bank digital currency (CBDC).

Officials consider CBDC safer for paying subsidies to the public and are wary of private stablecoins, especially those pegged to gold.

The digital rupee was launched first in the wholesale and then retail segments in late 2022, and already includes more than 5 million users and 16 participating banks.

The decision to ban private cryptocurrencies has not yet been made, but is being actively discussed by the authorities.

🛠 Russia Pushes for BRICS Digital Currency as Trade Shifts:

Russia is leading the push for a BRICS digital currency, aiming to facilitate international trade and reduce reliance on traditional financial systems. This move could reshape the global crypto landscape and enhance digital currency adoption in BRICS nations. 💼

🪙 Avalanche $AVAX Launches Visa Card for Crypto Payments 💥

⚡ Bitcoin Self-Custody Calls Intensify as Centralization Grows: 'No One Is Ready for the Biggest Hack in History'

💙 With self-custody and third-party custodians becoming hot topics within the crypto community, the founder of timechainindex, an X user known as Sani, recently posted an eye-opening image of onchain data. The snapshot revealed that Coinbase currently holds 11.72% of the total 19.77 million bitcoin (BTC) in circulation. Sani’s data and insights emphasize the risks tied to such a large concentration of bitcoin, pointing out that the massive amount held by the San Francisco-based crypto giant creates an enticing ‘honey pot’ for cyber criminals.

🇺🇦 Bitcoin Technical Analysis: BTC Faces Critical Resistance Above $69.5K

🎁 On Oct. 21, 2024, bitcoin is trading at $68,322, supported by a market cap of $1.35 trillion. The cryptocurrency saw a 24-hour trading range between $68,145 and $69,431, with a trading volume reaching $28.79 billion. Technical indicators from multiple time frames present a mixed picture, highlighting crucial entry and exit points for traders.

🪙 The Next Big Leap for Bitcoin Miners: What it Takes to Reach $100 Hashprice

🎙 Before bitcoin’s fourth halving, the crypto asset soared to a peak of $73,794 on March 14, as recorded on Bitstamp. During the period from March 10 to April 10, bitcoin’s hashprice—representing the estimated daily earnings for 1 petahash per second (PH/s)—fluctuated between $105 and $125 per PH/s. Fast forward to this week, and as BTC hovers around $68.5K to $61.2K, the hashprice has bounced around between $47.88 and $53 per PH/s. Considering the impact of the fourth halving and increased

⚡️Open Interest in #BTC Futures Hits an All-Time High!

CryptoRank reports that open interest in BTC futures on exchanges is at a record high.

This increase signals growing interest from traders, but it doesn’t necessarily mean that everyone is going long 🙂