Cryptocurrency

Extracts of this interview have been separately published on X by other crypto enthusiasts. One of the statements that caught the attention of the Bitcoin community was the statement made by MicroStrategy’s Saylor about those who prefer self-custody to hedge funds like BlackRock (NYSE:BLK).Madison Reidy’s question about this was if there are any risks posed on those people who prefer to hold Bitcoin with custodians and whether it increases the risks of having their Bitcoin confiscated and seized by the U.S. government in the future. Here, she made a historical reference to the Great Depression, when the government confiscated gold from wealthy American citizens.In 1933, during the Depression, President Roosevelt announced that gold holders should turn their gold bullion and coins in and get $20.67 per ounce in return. Back then, the U.S. dollar was on the gold standard, and after collecting the gold, Roosevelt raised the price per ounce to $35. The gold inflow from holders and the printing of dollars that followed was one of the radical measures that allowed the U.S. to steer out of the Depression.Saylor claimed that only “paranoid Bitcoin anarchists” fear that Bitcoin can be seized from them, and he claimed that gold was not seized in 1933 but turned in voluntarily. Since the U.S. is not on the Bitcoin standard, he said, there is nothing to be afraid of.The community was stunned by these words, reacting strongly in the comments.This article was originally published on U.Today More

Bitcoin (BTC) mining difficulty, i.e., the indicator of how difficult is to find the next hash of a Bitcoin (BTC) block, is also set to reach a record-breaking value.In tomorrow’s adjustment, it is expected to gain 4.17% and surpass 95.88 T. The previous high was registered in mid-September over 92.76 T.Currently, the Bitcoin (BTC) network is processing blocks 40 seconds faster than expected. This mirrors the growing Bitcoin (BTC) network activity and, therefore, the optimism of miners.When miners are looking for potential gains, they most likely add new hardware to the network, which is reflected in increased hashrate and mining difficulty.As a result, Bitcoin (BTC) investors immediately turned greedy: the Fear and Greed Index reached 72/100, which is an indicator of strong greed.In the last 24 hours, short positions have covered over 70% of liquidations on derivative markets. As covered by U.Today previously, Bitcoin (BTC) has only five days left to start a bullish phase. Otherwise, the market would log the longest bearish recession ever.According to CryptoQuant’s CEO Ki Young Ju, we might be seeing the longest sideways in a halving year in BTC’s history.This article was originally published on U.Today More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is thrilled to announce the expanded cashback program for its signature Bybit Card. In addition to the current option to receive cashback in USDT, Bybit Card users may opt to receive BTC or ETH cashback for the first time, enabling holders to increase BTC or ETH holdings and potentially capture market upside when prices go up.The limited-time offer is an innovative Bybit Card feature to introduce more rewards options into the mix, rotating different tokens with each campaign. From now until the rewards pool is fully unlocked, users who are bullish on BTC or ETH can potentially boost their holdings through everyday spendings with their Bybit Card. Receiving cashback in these two dominant cryptocurrencies takes just three steps: The feature is available for eligible Bybit Card users in applicable regions only.Terms and conditions apply: Bybit Card – BTC/ETH Crypto Cashback#Bybit / #TheCryptoArkAbout BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, please visit Bybit Press. For media inquiries, please contact: media@bybit.comFor more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social MediaDiscord | Facebook (NASDAQ:META) | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | YoutubeContactHead of PRTony Autony.au@bybit.comThis article was originally published on Chainwire More

The analysis focuses on the seven-month inverted expanding triangle, a key technical pattern that has been in place since March of this year without being breached. This pattern of lower highs and lower lows, according to the trader, signals that Bitcoin remains primed for a major move higher to as high as $150,000 per BTC. Putting his money where his mouth is, Brandt revealed that he holds a substantial speculative position in the major cryptocurrency.Brandt also shared his thoughts on other major cryptocurrencies, including Ethereum and Solana. Similarly, Ethereum has formed an inverted head and shoulders pattern on its price chart, which is considered a major bullish pattern. Despite this, Brandt remains flat on Ethereum as well, signaling no current exposure to the asset, which he often referred to using an unpleasant word.Brandt also compared Bitcoin’s performance against gold, the most analyzed asset along with the main cryptocurrency. There, the inverted head-and-shoulders pattern on the Bitcoin-to-gold ratio chart, which, as can be seen on an attached chart, predicts Bitcoin to soar more than 400% against gold. Yet the veteran trader is long both on the precious metal and on the cryptocurrency.This article was originally published on U.Today More

In Friday’s trading session, the largest cryptocurrency reached a high of $69,000, its highest level since July 29, when Bitcoin last traded at $70,000.At the time of writing, BTC was up 0.17% in the last 24 hours to $68,277 and up 9% weekly.Bitcoin’s (BTC) ongoing price comeback might have prompted global investors to seek exposure to exchange-traded products (ETPs) linked to the leading cryptocurrency as seen in a remarkable increase in inflows.In particular, U.S.-listed spot ETFs have seen a strong uptake, pulling in $2 billion in investor money in the week just concluded, according to Arkham Intelligence.In a major milestone, On Oct. 18, the U.S. Securities and Exchange Commission (SEC) authorized applications from the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE) to list the much-awaited options for spot Bitcoin exchange-traded funds (ETFs).This is the largest ETF week since March, indicating a revived interest and confidence in Bitcoin among institutional investors. Bitcoin ETFs were initially approved in the United States in January.The top contributors to this large inflow include BlackRock (NYSE:BLK), Fidelity, ARK Invest and Bitwise.BlackRock led the push in Bitcoin acquisitions, adding a staggering $1.14 billion to its holdings. Other significant players in the ETF space also ramped up their Bitcoin acquisitions: Fidelity boosted its holdings by $319 million; ARK Invest added $306 million while Bitwise increased its Bitcoin portfolio by $150 million.Bitcoin reached an all-time high of $73,797 in March after soaring for weeks amid optimism on demand for Bitcoin ETFs. The price then fell by more than 30% by early August, before commencing on the present bull market run.This article was originally published on U.Today More

$DOG of Bitcoin announces the release of its limited-edition $DOG Plushie, set to launch on October 19, 2024, an occasion now being called “$DOGTOBER 19.” These collectible plush toys provide fans and newcomers with a tangible connection to the $DOG ecosystem, bridging the digital world of cryptocurrency with a physical collectible designed for both enjoyment and community engagement.This exclusive collection, featuring 100,000 individually serialized plushies, will be available globally on launch day. Each plushie will wear one of three hoodie colors—Common, Uncommon, or Rare, each inspired by milestones in $DOG’s journey within the Bitcoin blockchain. This release aims to offer fans a unique, tangible keepsake while marking $DOG’s entry into physical products, a move that distinguishes it within the cryptocurrency landscape.In addition to being a collectible, the $DOG plushies come with exclusive benefits for holders. Owners will gain entry to the $DOG Millionaire Raffle, where they have the chance to win up to 10 million $DOG tokens, currently valued at over $100,000. The first 1,000 buyers will also receive a complimentary Ordinals Profile Picture (PFP) NFT. As part of its community-focused mission, $DOG of Bitcoin will donate 10% of plushie sales to children’s orphanages and dog shelters.The $DOG project, which launched after the activation of the Runes Protocol on Bitcoin, distinguishes itself through its fair distribution model, releasing all 100 billion tokens to holders of Runestone Ordinals NFTs. This upcoming plushie release further establishes $DOG’s presence both on-chain and in the real world, reinforcing its commitment to innovation and community engagement within the Bitcoin space.Plushies will be shipped worldwide, allowing collectors and fans to connect with the $DOG brand wherever they are. For further information about the $DOGTOBER 19 launch and to purchase, visit the official $DOG shop.For the latest updates, users can follow $DOG of Bitcoin on X.About $DOG of Bitcoin$DOG of Bitcoin is a pioneering meme coin project launched on the Bitcoin blockchain following the activation of the Runes Protocol. The project is designed with a strong commitment to fairness and decentralization, distributing its entire supply of 100 billion $DOG tokens to holders of Runestone Ordinals NFTs. As the first meme coin to establish itself on the Bitcoin network, $DOG of Bitcoin aims to foster a community-driven ecosystem that celebrates Bitcoin’s principles while engaging fans through unique initiatives. With its innovative distribution model and community-focused values, $DOG of Bitcoin is setting new standards within the meme coin space, offering both digital and physical connections to its growing community.For more information, users can visit https://dogofbitcoin.com.Social Media:ContactVittorio Pantoliano$DOG of Bitcoincontact@dogofbitcoin.comThis article was originally published on Chainwire More

Blockchain data tracker Whale Alert reported that a Bitcoin wallet that had remained dormant for over 10 years has now been reactivated: “A dormant address containing 25 BTC worth $1,711,020 has just been activated after 10.8 years.”This wallet, which held 25 BTC, was worth roughly $1.71 million at the time of activation. The wallet in question had not made any transactions since 2013 when Bitcoin was valued at a fraction of its current price. At the time, BTC was priced below $1,000, making this whale’s holdings valuable given Bitcoin’s meteoric rise over the past decade.The timing of this whale’s reactivation coincides with Bitcoin’s brief surge to $69,000, a level last seen in July this year. While BTC couldn’t sustain the price and slightly pulled back, BTC remains higher daily, up 0.67% in the last 24 hours to $68,392.The largest cryptocurrency briefly reached a high of $69,000 on Coinbase (NASDAQ:COIN) on Friday, exceeding a level recorded on Wednesday, which was also the highest since July 29. Bitcoin last traded for $70,000 on June 12.At the time of writing, BTC had marginally fallen to $68,399 after reaching highs of $68,689 during today’s trade. Bloomberg reports that investors have added more than $1.8 billion this week to the dozen U.S. exchange-traded funds that hold Bitcoin. The investment products were initially approved in the United States in January.Bitcoin reached an all-time high of $73,797 in March after soaring for weeks on expectations that demand for ETFs would outstrip the number of tokens available for sale. The BTC price then fell by more than 30% by early August, before commencing on the present bull market run.This article was originally published on U.Today More

The 200-day EMA is a crucial technical level that traders frequently monitor, and it is currently where XRP is finding resistance. As can be seen from the attached chart, XRP is battling this crucial resistance by circling around the $0.55 range. The asset might avoid the death cross if there is a successful break above the 200 EMA and the start of a new uptrend. Another sign of a decision point is the converging EMAs. Should XRP be able to maintain its position above this barrier, new bullish momentum may be generated, which would enable the token to keep rising. Conversely, if XRP is unable to overcome the resistance, it could be forced back downhill, which would raise the possibility that the death cross will occur. XRP’s future is now largely dependent on its ability to overcome this significant resistance level. The asset may be able to avoid the approaching bearish signal and start a long-term uptrend, or the market may experience additional selling pressure in the coming weeks. These developments will be determined by future price movements. For more clarity as to what direction to take, observe the volume and price reactions in the upcoming days.Technically, it is significant to break above $66,000, but in the absence of significant buyer interest, it is meaningless. The low volume raises the possibility that bulls may lack the momentum necessary to maintain a strong uptrend, endangering the possible rally. This buyer reluctance suggests that there may be obstacles in the way of Bitcoin’s push toward $70,000. The amount of $65,900 is the next immediate support level. The bullish argument for Bitcoin could be further undermined if the price drops back into a consolidation phase if it is unable to maintain above this level. But if Bitcoin is able to maintain its price above $66,000 and draw in more buyers, there may still be a push for the price to rise, perhaps reaching $70,000. Bitcoin is still at a crucial point right now. The confirmation that bulls are prepared to take over and push prices higher requires a significant spike in volume. If not, this breakthrough might prove to be a false indication, making Bitcoin susceptible to downward pressure. But now that Dogecoin has surpassed the crucial $0.13 threshold, the pattern is no longer valid. In contrast to reverting to its previous bearish cycle, breaking through this top indicates that Dogecoin may be preparing for a long-term uptrend. This break is important because it allows DOGE to rise even higher, particularly if buying pressure keeps increasing. The next significant obstacle may be well into higher price levels, which would give bulls ample opportunity to drive the price higher now that $0.13 has passed. Since Dogecoin has reversed the script by moving above the double top pattern, which normally indicates weakness, invalidating it is especially crucial. This makes room for a more hopeful scenario in which DOGE keeps growing. Although volatility should always be taken into account, Dogecoin’s recent performance suggests that a long-term bull run may be in the cards. DOGE may target even higher levels if buyers keep buying and drive the price above significant resistance levels. As the breakout continues, however, the move past $0.13 is encouraging for Dogecoin fans for the time being, and there appears to be a good chance for additional gains. In the upcoming days, monitor the market’s response to determine whether this rally has genuine enduring strength.This article was originally published on U.Today More