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Bitcoin Technical Analysis: BTC Faces Critical Resistance Above $69.5K
21.10.2024
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...
First Mover Americas: BTC Peeps Above $69K as Macro Favors Bulls
21.10.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 21, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
South African Bank Blocks Crypto Payments, Faces Industry Backlash
21.10.2024
South African bank Capitec has blocked electronic funds transfers and real-time payments to cryptocurrency exchanges as a security measure. While Capitec acknowledges growing interest in cryptocurrencies, the bank maintains that the measure is necessary to protect clients from fraud. Some industry...
Bitcoin Hashrate Hits All-Time High as Publicly-Listed Miners' Share of the Network Peaks
21.10.2024
Bitcoin's 7-day moving average (7DMA) hash rate surpassed 700 EH/s for the first time, marking a 13% increase since April's halving
TRON DAO Supports Princeton Blockchain Club’s Crypto TigerTrek as Ruby Sponsor
21.10.2024
PRESS RELEASE. Geneva, Switzerland, October 21, 2024 – TRON DAO participated as a Ruby Sponsor at Princeton Blockchain Club’s 3rd Annual Crypto TigerTrek, a novel Princeton experience that brought together students and industry professionals for a week filled with discussions...
Bitcoin stalls below $70K despite $20B ETF inflow milestone
21.10.2024
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
Solana chart 'cup-and-handle' positions SOL price for potential 2000% rally
21.10.2024
SOL price is painting a near-perfect cup-and-handle pattern with a price target of around $4,500
Millions Already Hold This Latam-Based Dollar Pegged Stablecoin
21.10.2024
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...
Central Banks Are Secretly Buying Bitcoin
21.10.2024
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...
Bitcoin hashrate hits all-time high, boosting network security
21.10.2024
The growing Bitcoin hashrate and block reward reduction from the Bitcoin halving could lead to miner consolidation among smaller firms
Bitcoin Tests $69K: Daily Crypto Update Witness Surge in Top Cryptos
21.10.2024
The crypto market has been on a roll for the past week. Top assets, like Bitcoin, are surging…
Lowest search interest since 2020 — 5 things to know in Bitcoin this week
21.10.2024
Bitcoin achieves its highest weekly close in four months as BTC price predictions see $70,000 and more after a support retest
New Hampshire AG Joins Calls to Designate Jailed Ex-Federal Agent as Hostage
21.10.2024
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...
Bitcoin Nears $70K Amid Record Open Interest at $40B as Trump-Harris Election Nears
21.10.2024
Solana’s SOL led gains in leading digital assets in the past 24 hours as risk-on sentiment pushed the market higher. PLUS: The impending U.S. election contributes to increased volatility, with some expecting more gains for bitcoin in the days ahead
Latam Insights: Brazil Pushes BRICS Away From the US Dollar, Bitcoin Adoption Falters in El Salvador
21.10.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazil pushes BRICS to use national currencies instead of the dollar, bitcoin adoption reaches critical levels in El Salvador, and smart contracts achieve...
Bitcoin open interest exceeds $40B amid brush near $70K
21.10.2024
High open interest signals more leverage, which could induce another flush-out if positions are liquidated.
The Next Big Leap for Bitcoin Miners: What it Takes to Reach $100 Hashprice
21.10.2024
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...
Governments must tax or ban Bitcoin to maintain deficits: Minneapolis Fed
21.10.2024
The Federal Reserve Bank of Minneapolis suggests that a ban or tax on Bitcoin could ensure its ability to run permanent budget deficits
Putin Discusses BRICS Currency and Swift Alternative
21.10.2024
Russian President Vladimir Putin has emphasized the need for independent financial systems within BRICS, focusing on developing an alternative to Swift. He addressed the idea of a shared BRICS currency but urged caution, noting that it’s not yet fully developed. His remarks hinted at careful...
Bitcoin Gets Yet Another Bullish Signal as Prices Near $70K
21.10.2024
A widely-tracked momentum indicator has flipped positive for the first time since April