Aurelia Butler

However, their movement may upset some, as the address holder of these BTCs under the code “1QHvbR” were transferred to the wallet of major U.S.-based exchange Kraken.According to the general consensus among crypto-market participants, such transfers are interpreted as the intention of a large investor to sell their assets by moving them from their own custody to a liquid cryptocurrency buying and selling platform.This was likely the reason in our case, as the transfer occurred on the day Bitcoin hit a new high. Back in March, the price of one BTC was less than $100, and the cryptocurrency itself had just experienced its first bull run. But 12 years later, the price of Bitcoin is already over $75,000, and the asset itself is a full-fledged, institutionalized financial instrument with tens of millions of holders and a capitalization of nearly $1.5 trillion.However, this unknown Bitcoin investor did not transfer all 235 BTC to Kraken, and most of the position remained in his wallet. Now, according to on-chain data, “1QHvbR” continues to hold 125.55 BTC, which equals about $9.31 million. The question is whether these Bitcoins will be realized on some exchange, or whether the unknown investor will disappear again for a few years before resurfacing.This article was originally published on U.Today More

The move upwards pushed Ethereum’s market cap up to $322.71B, or 12.92% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $569.58B.Ethereum had traded in a range of $2,422.03 to $2,677.91 in the previous twenty-four hours.Over the past seven days, Ethereum has seen a stagnation in value, as it only moved 0.43%. The volume of Ethereum traded in the twenty-four hours to time of writing was $38.82B or 18.59% of the total volume of all cryptocurrencies. It has traded in a range of $2,362.9089 to $2,677.9063 in the past 7 days.At its current price, Ethereum is still down 44.97% from its all-time high of $4,864.06 set on November 10, 2021.Bitcoin was last at $75,245.8 on the Investing.com Index, up 9.03% on the day.Tether USDt was trading at $1.0010 on the Investing.com Index, a gain of 0.09%.Bitcoin’s market cap was last at $1,488.40B or 59.58% of the total cryptocurrency market cap, while Tether USDt’s market cap totaled $120.60B or 4.83% of the total cryptocurrency market value. More

As Bitcoin’s price stays low, less productive miners are forced out, resulting in a decline in miner revenue during bear capitulation. As weaker players leave, the market stabilizes and prepares for a recovery, which frequently signals the end of a bearish phase. Although total revenue is suppressed, remaining miners may be able to slightly increase their share of rewards when mining difficulty decreases in tandem with a decline in miner revenue. Bitcoin’s price starts to rise during this stage, increasing miner profits. Miners are gradually turning a profit again during this phase, which marks a shift from bear to bull market conditions. As miners return, revenue steadily rises, contributing to the general mood of the market and frequently drawing in new Bitcoin investors. The price of Bitcoin and miner revenue declined once more during a cycle, although not as sharply as during bear capitulation. This brief retreat serves as a reprieve before a subsequent significant stage. Although it is short-lived, this stage frequently signals some profit-taking and market recalibration. Bull euphoria is the last stage. Retail and institutional interest in Bitcoin peaks during this phase, which is the cycle’s peak and frequently marks the end of the bull market. Since high revenue corresponds with high prices, these cycles of miner revenue frequently reflect changes in the price of Bitcoin. A new upswing phase in miner revenue, such as the one that is currently developing, usually signals that Bitcoin is about to experience bullish momentum. The present increase in miner revenue may predict another Bitcoin rally, if history is to be repeated, which could position the market for a robust bullish phase.This article was originally published on U.Today More

In a tweet, Bitcoin historian Pete Rizzo shared a statement believed to have been made by the Bitcoin creator, marking exactly 16 years since it was made. This statement dates back to November 6, 2008, when Bitcoin was valued at $0. Fast forward to today, and Bitcoin has set a new all-time high of $75,410.The statement, which Rizzo shared, highlights Satoshi’s belief in Bitcoin’s power even when the digital currency had not yet launched and had no monetary value. Satoshi articulated his vision for Bitcoin in this succinct statement.Satoshi’s Power of Bitcoin statement came notably less than seven days after the Bitcoin white paper was released.On Oct. 31, 2008, the pseudonymous Bitcoin creator published the Bitcoin whitepaper, laying the groundwork for the world’s first and largest cryptocurrency. Bitcoin would later launch the following year, on January 3, 2009, precisely, when Nakamoto mined the starting block of the chain, known as the genesis block.Today, as Bitcoin reaches new highs, Satoshi Nakamoto’s early declaration about the potential of Bitcoin, even when it was $0, remains relevant.In the past 24 hours, the market saw a mix of long and short positions being liquidated across various exchanges. This wave of liquidations comes at a time when several cryptocurrencies are experiencing significant gains. Bitcoin recently hit a new all-time high of $75,410 and traded at $73,717 at press time.According to CoinGlass data, bullish bets recorded $212 million in liquidations, while traders expecting the crypto price to fall further faced $365 million in liquidations.The largest single liquidation order happened on Binance – a BTCUSDT trade worth $74.98 million.This article was originally published on U.Today More

HTX releases their October performance report, and for them, October was a milestone month, achieving substantial growth in transaction volume, user growth, and organic traffic. HTX Global Market Records Impressive Growth, Platform Receives Honor at Blockchain Life 2024HTX delivered a report in October, characterized by notable growth in both market performance and user base. The platform experienced a 12% month-on-month increase in user registrations and a 15% surge in the number of users making deposits from the previous month. Traffic data also showcased growth. Page views (PV) reached 42 million, reflecting a 10.5% month-on-month increase, while total exposures soared to 287 million, representing a 26.5% month-on-month growth.The number of external links rose to 6.9 million, marking an increase of 1 million and a 17% rise from the previous month, indicating a steady upward trend in market heat for HTX. Keyword inclusion reached a new high of 51,700, a 41% month-on-month increase, further driving traffic growth.From October 22 to 23, HTX made a prominent presence at Blockchain Life 2024’s Platinum Exhibition Area, while serving as an exclusive sponsor of the Business Networking Area. This initiative bolstered HTX’s brand and deepened its cooperation with the Middle East’s crypto community, providing a fresh impetus to the innovative applications of blockchain technology and cryptocurrencies worldwide.Justin Sun, Global Advisor of HTX, was honored with the “Crypto Entrepreneur of the Year” award at Blockchain Life 2024, recognizing his significant contributions to the blockchain industry.Asset Listings Ride the Memecoin Wave, Research Reports Focus on Industry TrendsIn October, HTX achieved outstanding performance in new asset listings with 15 new assets listed this month, primarily targeting hot market trends, including AI meme coins such as GOAT, ACT, and FARTCOIN. GOAT stood out with an impressive 300% increase after its debut on HTX. Additionally, the platform’s exclusive listings of projects such as EIGEN, PUFFER, SCR, and GRASS have offered users a wider range of investment options.Regarding research reports, HTX Ventures has garnered profound insights into market trends, publishing two key industry reports centered on industry highlights:1. 2024 Meme Sector Analysis: From Viral Spread to Ecosystem Beachhead. 2. 2024 U.S. Election: A Potential Turning Point from Tight Regulation and Ban to Support and Innovation. In terms of major events, on October 15, 2024, HTX DAO announced the successful completion of the $HTX burn for Q3 2024. In this quarter alone, over 15,811,683,954,403 $HTX, valued at approximately $21.25 million, were burned. According to HTX DAO, the ecosystem liquidity pledge mechanism has been retired based on feedback from committee members and community users. Moving forward, the $HTX portion previously used for pledges will be directly burned, further enhancing the liquidity and scarcity of $HTX.Meanwhile, HTX DAO also introduced the HTX DAO Ambassador Program, an initiative aimed at recruiting global advocates to expand HTX DAO’s reach and foster cross-community collaboration.Streamlined Products, Personalized Services, and Enhanced SecurityIn October, HTX took crucial steps to optimize product features and strengthen security measures. HTX App has undergone significant optimization, achieving a 36% increase in startup loading speed and a 40% reduction in network loading failure rates, thereby delivering an improved user experience. Moreover, the app now also features the industry’s first seamless account-switching function to further enhance user convenience. To show appreciation for user support, HTX has fully upgraded its Flexible products at HTX Earn, offering limited-time interest rate boosts for 13 major crypto assets.HTX’s customer service team performed well in October, assisting 30,422 users and efficiently handling 63,532 inquiries, mostly related to P2P trading and account security. With user satisfaction surpassing 82%, this demonstrates HTX’s dedication to delivering high-quality services.In terms of security, HTX has added a web-end anti-cookie hijacking feature to protect user accounts. The platform also introduced biometric authentication, API support for ED25519 encryption, and self-generated API keys to enhance trading security.HTX’s October performance report highlights not only the platform’s achievements in user growth, product optimization, and security measures but also its dedication to advancing the globalization strategy. With a steadfast commitment to user satisfaction, HTX will continue to make steady progress, offering a premium service and a rewarding experience for users worldwide in the crypto space.About HTX Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investments, incubation, and other businesses. As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance”, HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.For more information on HTX, users can visit the HTX Square, or https://www.htx.com/, and follow X, Telegram, Discord. For further press enquiries, please contact HTX@ruderfinn.com.ContactRuder Finn Asiahtx@ruderfinn.comThis article was originally published on Chainwire More