Aurelia Butler

Among them is notable crypto trader and analyst Jelle. Taking to X (formerly Twitter), he shared an insightful analysis of the current market situation and gave a massive BTC price prediction. The analyst explained that the consolidation phase in the summer bull market phases historically ends around the last 10 days of October.Per his prediction, the Bitcoin chart looks ready to ignite this potential bull run. The current all-time high of BTC is around $73,780. The coin achieved this milestone in March of this year after the launch of Bitcoin Spot ETFs in January. Now, Jelle is expecting a new ATH by the end of October or the start of November.As of press time, Bitcoin is trading around $61,788 after a drop of 1.75% in the last 24 hours. Bitcoin has been trading around this channel, and the “chop season,” a term used by Jelle, seems to be continuing. However, Jelle’s analysis states that this phase is going to be over soon, and new highs are in the cards for Bitcoin.This article was originally published on U.Today More

For those who may not know, Lichtenstein and Morgan allegedly used advanced hacking tools to infiltrate Bitfinex and conduct over 2,000 transactions to transfer the stolen Bitcoin to a personal wallet. They then laundered the funds through various means, including converting some into gold coins, which Morgan buried.Since their arrest in February 2022, the U.S. government has recovered approximately 95,000 stolen BTC, valued currently at $5.89 billion, and an additional $475 million in related assets. Right now, these coins are located in the “bc1qazcm” address, belonging to the FBI, according to Arkham Intelligence.Despite the magnitude of the theft, the U.S. government today announced that it is not aware of any individuals other than Bitfinex who qualify as victims under the Crime Victims’ Rights Act (CVRA) or for restitution under the Mandatory Victims Restitution Act (MVRA).It is likely due to the fact that the U.S. Department of Justice added that Bitfinex had previously compensated affected customers by issuing “BFX” tokens, all of which were redeemed by April 2017. This compensation suggests that no additional victims may be eligible for restitution, leaving Bitfinex as the only party entitled to recover the seized Bitcoin.This article was originally published on U.Today More

“We’re pleased to announce that Coinbase․com users can now send Bitcoin to Taproot addresses, creating access to more onchain destinations,” Coinbase wrote in a recent tweet.Taproot, an upgrade implemented in November 2021, aimed to improve the privacy, efficiency and smart contract capabilities of the Bitcoin network.A Taproot address, also known as a Bech32m address, is a unique Bitcoin address format that begins with “bc1p” and originates from Bitcoin’s Taproot update, which includes Schnorr signatures. While these addresses improve transaction secrecy and efficiency, not all wallets support Bech32m.Support for Taproot addresses is also yet to be adopted by many exchanges, leaving users unable to fully utilize the benefits of the upgrade. Coinbase’s decision to allow Bitcoin transfers to Taproot addresses aligns it with the evolving Bitcoin ecosystem.The Taproot upgrade contained three Bitcoin Improvement Proposals (BIPs): BIP340 (Schnorr Signatures), BIP341 (Taproot) and BIP342 (Tapscript).Taproot provides Bitcoin with an upgraded transaction programming language that incorporates Schnorr and Taproot technology. This enables developers to deploy future Bitcoin updates more efficiently.While the Taproot update was implemented about three years ago, its full impact may take some time to be realized. The impact of this upgrade is expected to be fully actualized in the coming years, when more service providers adopt the technology. This article was originally published on U.Today More

He notes that great gains typically follow halving cycles, and that the period since March 2024, when the latest all-time high was set, appears to be a brief pause in the ongoing upward trend for BTC. This said, his price target is $135,000 for August or September 2025.As you can see, the expert does not only rule out the possibility that Bitcoin will reach six figures at once but also that it will increase by 35% over it in the next 365 days. However, Brandt also gives an invalidation point at $48,000 which, if reached, will place these possibilities at zero.Now, the price of Bitcoin is in a kind of limbo as traders are stuck in a narrow range with no concrete direction. Some may refer to this phase of the market as a “chop.”Looking ahead, the upcoming release of important macroeconomic data regarding the U.S. economy may be the catalyst needed to revive Bitcoin’s price movement. In particular, traders are anticipating the release of the monthly Consumer Price Index (CPI) data and the Federal Open Market Committee (FOMC) notes over the next two days.This article was originally published on U.Today More

The last time this wallet was used was a few months after mysterious Bitcoin creator Satoshi Nakamoto posted his farewell message to the Bitcoin community and disappeared. The profit shown by the awakened Bitcoin holder is tremendous.Today, in October 2024, this Bitcoin stash is worth $7,525,999, which constitutes a mind-boggling growth of 5,972,920%.This report about the dormant whale came on the day when HBO released its long-expected documentary titled “Money Electric: Bitcoin Mystery.” In it, director Cullen Hoback identified early Bitcoin developer Peter Todd as Satoshi Nakamoto.Many in the Bitcoin community found that and other evidence presented in the documentary highly insufficient. Dogecoin cofounder Billy Markus said that Satoshi was definitely not Peter Todd, but rather, he believes it could have been Hal Finney with a team of developers. Finney passed away 10 years ago from ALS.In a comment to Whale Alert’s post about the aforementioned whale, an X user jestingly wrote: “Is that you, Peter Todd?”Todd himself has criticized Hoback for endangering Todd’s life with such an “irresponsible” documentary. He also tweeted to say: “The truth is pretty simple: there’s hundreds, even thousands of people who could have created Bitcoin.”Finally, he stated: “We’re not going to find Satoshi.”Many in the crypto community agree with Billy Markus, believing that Satoshi was Hal Finney or, according to recent data from the Polymarket platform, it could have been Len Sassaman, a cryptographer who committed suicide in early 2011, just a couple of months after Satoshi disappeared.This article was originally published on U.Today More