#Bitcoin (BTC) price gained 6% from Oct. 1 to Oct. 2 but after failing to break the $28,500 resistance, the price dropped by 4.5% on the same day. This decline happened because of the disappointing performance of Ether (ETH) futures exchange-traded funds (ETFs) that were launched onOct. 2. Concerns about an upcoming economic downturn continue to weigh on investor sentiment.
tags: #News #Bitcoin #BTC
Ian Freeman, a libertarian activist and radio show host, created a business that catered to fraudsters who targeted elderly women with romance scams. A hearing will be held to determine how much money multiple people who said they were victimized by his enterprise will get. Freeman, who is in his 40s, said in court he did not believe he broke the law.
Source: apnews.com/article/bitcoin-cryptocurrency-ian-freeman-0240e45b5852b475c143fd9f600ed429
tags: #News #Bitcoin #BTC
By Monday at 5 p.m., #Bitcoin notched its highest mark in almost two months when it reached $28,933.51. The digital currency has been up five of the last six days and over 68% higher since January. Meanwhile, the criminal trial of FTX founder Sam Bankman-Fried began on Tuesday. The former FTX CEO faces seven federal charges of fraud and conspiracy related to the collapse of the crypto exchange.
Source: www.foxbusiness.com/markets/bitcoin-ftxs-collapse
tags: #News #Bitcoin #BTC
The price of #Bitcoin and Ether surged nearly 4% in just a 15-minute window. Many commentators said the move aligned with the arrival of “Uptober.” Uptober is crypto parlance for October typically being a bullish month for the price action of cryptocurrencies.
Source: www.cnbc.com/2023/10/02/bitcoin-climbs-above-28000-hitting-highest-level-since-mid-august.html
tags: #News #Bitcoin #BTC
The #Bitcoin (BTC) price closed September on a bullish note, concluding a nearly 5% increase for the month. Despite the bounce, #Bitcoin still has not negated the losses of the August 17 decrease, which created a bearish engulfing candlestick. If the price closes above the 0.618 Fib retracement level, it can increase by another 10% to the yearly high near $31,450.
Source: u.today/bitcoin-rare-184-billion-btc-bug-recounted-how-satoshi-fixed-this-issue
tags: #News #Bitcoin #BTC
Coinbase director Conor Grogan recalls a rare incident that occurred on the #Bitcoin blockchain several years ago. 13 years ago, someone exploited a bug to create 184,467,440,737 BTC. The perpetrator of the exploit attempt was never identified.
tags: #News #Bitcoin #BTC
#Bitcoin’s price has been on the move throughout the past 24 hours and managed to increase to around $28,000. This comes on the back of millions worth of liquidated short positions and an increased trading volume across the board. We decided to ask ChatGPT how high it can get during the next bull run. According to the AI, some of the most important factors to determine the beginning of the nextbull run include: Increased institutional adoption.
Source: www.forbes.com/sites/digital-assets/2023/10/02/flashing-red-warning-33-trillion-us-debt-death-spiral-could-suddenly-trigger-a-bitcoin-price-vicious-circle/
tags: #News #Bitcoin #BTC
Traders are nervously eyeing the spiraling U.S. debt pile that some think could trigger a "vicious ... [+] circle" that ultimately boosts the #Bitcoin price. Earlier this month, the amount of money borrowed by the federal government to cover operating expenses—topped $33 trillion for the first time. The Federal Reserve has embarked on a frantic series of interest rate hikes.
Source: www.barrons.com/articles/bitcoin-crypto-markets-today-158195fd
tags: #News #Bitcoin #BTC
#Bitcoin and other cryptocurrencies marched higher Monday as digital assets blew through an established range to start a new month of trading. With October a historically good month for cryptos, analysts are bullish o...
Source: cointelegraph.com/news/will-bitcoin-uptober-bring-gains-for-mkr-aave-rune-and-inj
tags: #News #Bitcoin #BTC
#Bitcoin tends to rally in October, possibly opening the door for MKR, AAVE, RUNE, INJ and other altcoins. #Bitcoin has been trading above the moving averages since Sep. 28, which is a positive sign. Not all altcoins are expected to blast off to the upside.
Source: bitcoinmagazine.com/business/coinbase-exchange-bitcoin-buying-singapore
tags: #News #Bitcoin #BTC
Jonathan Ferro drives you through the market moving events from around the world on Bloomberg's The Open. 60 minutes featuring the brightest minds on Wall Street. The economy and markets are "under surveillance" covering the latest news in finance, economics and investments.
Source: news.bitcoin.com/robert-kiyosaki-expects-bitcoin-to-become-priceless-when-the-fed-launches-central-bank-digital-currency/
tags: #News #Bitcoin #BTC
Babylon has revealed a minimum viable product (MVP) of its #Bitcoin staking protocol. Babylon aims to tap into the dormant #Bitcoin and use it to build economic security for proof-of-stake chains. The team will be focusing on the adoption of its protocol in the Cosmos ecosystem after launch.
Source: blockworks.co/news/babylon-staking-bitcoin-proof-of-stake
tags: #News #Bitcoin #BTC
The price of #Bitcoin and Ether surged nearly 4% in just a 15-minute window on Oct. 1. Many commentators said the move aligned with the arrival of “Uptober.” Uptober is crypto parlance for October typically being a bullish month for the price action of #Bitcoin.
Source: www.fool.com/investing/2023/10/01/will-bitcoin-explode-in-value-1-key-metric-to-watc/
tags: #News #Bitcoin #BTC
Since April, #Bitcoin's volatility has been on the decline. In mid-August, a popular #Bitcoin volatility index (known as the BVOL) touched a new low. #Bitcoin's future price trajectory could depend on this metric, so let's take a closer look.
Source: www.forbes.com/sites/digital-assets/2023/10/01/flashing-red-warning-33-trillion-us-debt-death-spiral-could-suddenly-trigger-a-bitcoin-price-vicious-circle/
tags: #News #Bitcoin #BTC
#Bitcoin is poised to end the quarter on a down note in its first quarterly decline this year. The largest cryptocurrency by market value is down about 11% since June. Over the course of nine weeks ending in mid-September, investors withdrew nearly half a billion dollars from cryptocurrency products.
Source: www.coindesk.com/markets/2023/09/29/bitcoins-slips-below-27k-but-what-might-government-shutdown-mean-for-prices/
Traders are nervously eyeing the spiraling U.S. debt pile that some think could trigger a "vicious ... circle" that ultimately boosts the #Bitcoin price. "Raising rates won’t stop inflation, it'll stoke higher inflation," #Bitcoin advocate Max Keiser posted to X.
Source: www.wgal.com/article/bitcoin-binance-cryptocurrency-email-phishing-scam/45377353
Trader Dave the Wave says that ETH/BTC may in fact be near the end of a large wedge pattern, suggesting a breakout to the upside around the beginning of next year or so. The trader uses his own version of logarithmic growth curves (LGCs) which attempt to plot BTC’s long-term market cycle highs and lows.
Source: www.coindesk.com/markets/2023/09/29/bitcoins-slips-below-27k-but-what-might-government-shutdown-mean-for-prices/
ChatGPT is an artificial intelligence chatbot that can make predictions about the future of the #Bitcoin market. The AI lists important hints that could help anyone determine the potential timeline of the next bullish cycle. For example, ChatGPT said: Regulatory developments can have a significant impact on the cryptocurrency market.
Source: cryptopotato.com/we-asked-chatgpt-when-will-the-next-bitcoin-bull-run-start/
Despite what you may have heard about the harmful effects of #Bitcoin mining on the environment, the cryptocurrency mining industry could actually be a ready-made way to reduce methane on a large scale. In a twist worthy of a John Le Carré novel, what I and other environmentalists were led to believe was the villain, turns out to be the good guy.
Source: blockworks.co/news/environment-planet-mine-bitcoin-methane
#Bitcoin broke free from its historical September slumber, marking its first positive performance for the month since 2016. Investors are cautiously optimistic about a bullish October for #Bitcoin. Despite this strong September, #Bitcoin suffered its first quarterly loss of the year.
Source: www.coindesk.com/markets/2023/09/29/bitcoins-slips-below-27k-but-what-might-government-shutdown-mean-for-prices/