Spot Bitcoin ETF inflows can have a delayed effect on the BTC price, which takes a couple of days to materialize, according to market analysts. Source: https://cointelegraph.com/news/bitcoin-stalls-below-70k-despite-20-b-etf-milestone?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: October 2024
Solana chart 'cup-and-handle' positions SOL price for potential 2000% rally
SOL price is painting a near-perfect cup-and-handle pattern with a price target of around $4,500. Source: https://cointelegraph.com/news/solana-chart-cup-and-handle-sol-price-2000-rally?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Millions Already Hold This Latam-Based Dollar Pegged Stablecoin
Mercado Libre, the Latin American e-commerce and financial services giant, has reached a milestone with meli dolar, an in-house distributed dollar-pegged stablecoin. The token, launched in August, is now in millions of wallets, according to Ignacio Estivariz, VP of Fintech Services at Mercado Libre. “We already have millions of users who have received meli dolar […] Source: https://news.bitcoin.com/millions-already-hold-this-latam-based-dollar-pegged-stablecoin/
How BTC Created Over 50% of the World’s Crypto Millionaires
According to Henley & Partners’ 2024 Crypto Wealth Report, the number of Bitcoin millionaires surged by nearly 111% between 2023 and 2024, reaching 85,400 individuals. This represents 49.6% of all crypto millionaires globally. Additionally, five out of six new cryptocurrency billionaires credit their success to Bitcoin. Since 2023, the global count of individuals holding at least $1 million in cryptocurrency…
Bitcoin Eyes $70K Breakout After Bullish Signal from Key Indicator
Bitcoin (BTC) is showing signs of a potential breakout above the $70,000 mark as a key technical indicator has turned bullish, indicating a shift in momentum for the leading cryptocurrency. The moving average convergence divergence (MACD) histogram, a widely-tracked momentum indicator, has recently switched to a positive stance on the weekly chart for the first time since April. This shift…
Central Banks Are Secretly Buying Bitcoin
It might sound like a conspiracy, but central banks are almost certainly already buying Bitcoin. Here’s why: Hedging Against Their Own Policies Nearly all countries are up to their ears in debt. Since austerity measures are not politically acceptable, they must find other ways to manage that debt – and the easiest path is just […] Source: https://news.bitcoin.com/central-banks-are-secretly-buying-bitcoin/
Bitcoin hashrate hits all-time high, boosting network security
The growing Bitcoin hashrate and block reward reduction from the Bitcoin halving could lead to miner consolidation among smaller firms. Source: https://cointelegraph.com/news/bitcoin-hashrate-hits-all-time-high?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Lowest search interest since 2020 — 5 things to know in Bitcoin this week
Bitcoin achieves its highest weekly close in four months as BTC price predictions see $70,000 and more after a support retest. Source: https://cointelegraph.com/news/lowest-search-interest-since-2020-5-things-bitcoin-this-week?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
New Hampshire AG Joins Calls to Designate Jailed Ex-Federal Agent as Hostage
New Hampshire Attorney General John M. Formella and 17 other state attorneys general are urging the Biden Administration to designate Tigran Gambaryan, a detained U.S. citizen, as a hostage. The AGs express deep concern for his well-being and safety, given his prolonged detention in Nigeria without formal charges. Gambaryan, a former law enforcement officer with […] Source: https://news.bitcoin.com/new-hampshire-ag-joins-calls-to-designate-jailed-ex-federal-agent-as-hostage/
What is cryptocurrency insurance, and how does it work?
Learn about the ins and outs of cryptocurrency insurance, coverage options and why it’s essential in today’s volatile crypto landscape. Source: https://cointelegraph.com/explained/what-is-cryptocurrency-insurance-and-how-does-it-work?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound