Cryptocurrency

Back seems set for a green month ahead, as his latest post on X (formerly Twitter) states that he is preparing for the so-called “Uptober.”In support of the suggestion that the crypto market, or at least Bitcoin, can expect to rise in the next little over 30 days is the price history of the main cryptocurrency. Thus, the average value of BTC profitability for all Octobers in its history – and there are almost 13 of them – is 15.5%. Even more strictly measured, the median value is kept at 14.9%.The argument being made is that September is also traditionally considered a weak month for the price of BTC, but this time the statistic was rejected and Bitcoin rose by double-digit percentages.This could signal that October and September have switched places, maybe due to the frontrunner of this very “Uptober” narrative, and now at least the first half of the coming month will be stagnant.One may agree or disagree, but such a catch would definitely be in the spirit of the crypto market.This article was originally published on U.Today More

The original cryptocurrency is back to levels not seen since July, boosted by a stock market rally fueled by upbeat U.S. labor market data and economic stimulus moves from China.The more immediate boost came from China, where authorities are reportedly considering injecting up to 1 trillion yuan into the country’s largest state banks to help revive the struggling economy.Risk-correlated assets, including crypto and equity markets, gained momentum after China announced plans for further economic stimulus, and U.S. jobless claims fell by 4,000 to a four-month low of 218,000. Moreover, China’s Politburo committed to ramping up fiscal spending and implementing “forceful” interest rate cuts to boost the economy.Bitcoin’s rally started last week after the U.S. Federal Reserve made its first interest rate cut since the Covid pandemic, reducing rates by 50 basis points instead of the expected 25. Traders are now betting on another cut at the Fed’s upcoming meeting on Nov. 7, with many expecting another 50 basis point reduction, according to the CME FedWatch Tool.As Bitcoin’s price climbs, U.S. spot bitcoin exchange-traded funds saw total daily net inflows of $365.57 million on Thursday, the largest since late July. Leading the surge was Ark Invest and 21Shares’ ARKB, which attracted $113.82 million in inflows, followed by BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT), the largest spot bitcoin ETF by net assets, with $93.38 million. Fidelity’s Wise Origin Bitcoin Fund (NYSE:FBTC) also recorded $74 million in inflows, reversing weeks of flat or negative flows as Bitcoin’s price had been struggling.Elsewhere, risk appetite made a comeback after months of caution, with dog-themed memecoins leading the charge in the broader crypto market. Even lesser-known dog-themed tokens built on the less popular Bitcoin Runes protocol saw gains, signaling that investors are becoming more willing to take riskier bets. More

The Civic ID Verification Pass provides real-world benefits to users who can verify their identity and age quickly and rent a car directly from a car owner, without intermediariesCivic, a leader in tokenized identity on the verifiable web, joins forces with Rentality, the first web3 car rental platform, to securely and efficiently verify drivers’ licenses and enforce age minimums on the Base network. This advanced verification process using blockchain introduces a new standard for security and compliance in car rentals, and peer-to-peer marketplaces. Through the Civic ID Verification Pass, Rentality users can verify their driver’s license virtually to rent a car. This technology reduces friction, enhances trust between both parties, and removes the logistical burdens of physical verification.To rent a car through Rentality, users simply need to connect their wallet, register for an account, choose their preferred car, location, and confirm prices. Then, they can verify their driver’s license by obtaining a Civic ID Verification Pass, which is a non-transferable token that is retained in their wallet. Civic ID Verification Pass is already integrated into the Rentality sign-up process and can be obtained with a selfie video and scan of their driver’s license. Users can pay with various cryptocurrencies. Rentality is already operating in Miami and will soon expand to other regions. Users can visit rentality.xyz to rent or lease their car.About Civic TechnologiesCivic is a leading provider of identity management tools for web3, empowering people to easily and privately manage their identities across chains with an on-chain representation of their reusable identity. The company’s flagship product, Civic Pass, is an integrated permissioning tool that helps business customers enable secure access to their on-chain assets. Users may also manage their identity, presence and reputation with a dashboard. Civic aims to be the most trusted on-chain identity tool in the world, used by billions every day. Civic was co-founded in 2015 by Vinny Lingham and Jonathan Smith.About Rentality.xyzRentality is pioneering the car rental industry as the first Web3 car rental platform. Their platform offers a seamless, transparent, and cost-effective solution for car rentals, utilizing blockchain technology. Rentality integrates a unique bonus system, their own token, and NFTs tied to real-world vehicles. These vehicles will be available for rent on Rentality’s platform, enabling NFT owners to potentially earn from rentals. The platform has already launched in Miami and is rapidly expanding, with leading hosts in the region joining us. They aim to extend their services across all states, providing a comprehensive and innovative solution for both renters and hosts. And that’s just the beginning of what they offer.ContactCivic Communicationspress@civic.comThis article was originally published on Chainwire More

With its current price hovering around $2,624, Ethereum is trying to keep growing after breaking through significant barriers. But a discernible rise in selling pressure is making it harder for it to maintain this development. There is a turning point coming for Ethereum because of the selling pressure at the moment. For the asset to stay out of the bearish pattern that has characterized most of its recent price action, it needs to hold its support level around $2,550. The next target where more resistance is likely to be found is probably around $2,780 for ETH if it can break through the present resistance zone. However, if the selling pressure is maintained, Ethereum might drop back below the levels of support it recently conquered, which could lead to another wave of lower prices. A critical level is also being approached by the Relative Strength Index (RSI), suggesting that traders are closely monitoring whether Ethereum will continue its optimistic recovery or experience another correction. Because the market is currently at a crossroads, Ethereum’s future is still unclear. The short-term price movement of ETH will probably be shaped by the choices traders make at this point.It is important to keep a close eye on this critical market level because, while breaking out from the bearish trend could result in substantial gains for Ethereum, failing to do so could indicate a return to more difficult price action in the near future.The potential for a golden cross formation in which the short-term moving average crosses above the long-term moving average is the pivotal element of this rally. Conviction of Dogecoin’s future price movement may be reinforced by the golden cross, which is frequently regarded as a reliable sign of a bull market.As Dogecoin gets closer to this crucial technical level, traders are keeping a close eye out for a breakout that might trigger a long-term uptrend. But it is crucial to take the overall sentiment of the market into account. Dogecoin continues to encounter strong opposition, even though it has demonstrated resilience in recent days. The 200 EMA, or the $0.12 mark, is the next significant resistance level. Dogecoin could see further gains if there is a successful breakout above this level, which would draw in more buyers and confirm the trend reversal. However, a retreat might occur if the 200 EMA is not broken, with support levels being close to $0.1000. The recent gains could be in trouble if selling pressure picks up, and Dogecoin might go back into a consolidation phase.When the price hits a low, bounces back and then retests that low before rising higher, it forms a double bottom, a bullish reversal pattern. With regard to Bitcoin, the market appears to be recovering from a recent low at about $61,000 a significant level of support that may confirm this pattern.Bitcoin might try to break above the $65,000 resistance level once more if the double bottom holds, which might lead to a significant rally toward higher prices. However, it is impossible to rule out the chance of a head and shoulders pattern. An impending price decline is indicated by this bearish reversal pattern, which follows an upward trend.Regarding Bitcoin, the recent high of about $64,800 may be considered the head and the earlier highs the shoulders. Bitcoin could experience a longer bearish phase if it begins to decline and breaks through significant support levels such as $61,000. This would validate the head and shoulders pattern.Both trends are being watched carefully, and how Bitcoin performs in the upcoming days will determine how valid they are. Bullish momentum would ensue from a successful breakout above $65,000, which would refute the head and shoulders and validate the double bottom. The completion of the head and shoulders pattern could indicate that BTC is finished, which would drive the price lower if it is unable to hold above $61,000.This article was originally published on U.Today More

This article was originally published on U.Today More

The broader crypto market is paying attention to the BTC price movement, particularly as it nears a key profitability milestone.According to on-chain analytics platform IntoTheBlock, Bitcoin is steadily climbing, and with it, the number of holders in profit.IntoTheBlock added that if BTC breaks $65,000, well over 90% of holders will be in profit; a level last seen in July when Bitcoin failed to achieve a new high. It raises the crucial question of whether this time will be different.Bitcoin saw profit-taking in late July after failing to break the $70,000 barrier, reaching lows of $49,050 on Aug. 5 before rebounding.At the time of writing, BTC was up 0.92% in the last 24 hours to $64,536. Several cryptocurrencies, including Shiba Inu (SHIB), Dogwifhat (WIF) and Worldcoin (WLD), have rallied immensely as bullish sentiment boosted the market in early Thursday’s trading session.During a Wednesday hearing before the Financial Services Committee, Gary Gensler, Chair of the Securities and Exchange Commission (SEC), explained his position on Bitcoin, declaring that it is not a security in answer to concerns posed by Republican committee chair Patrick McHenry. This also bolstered Bitcoin market sentiment.Traders are looking for clues on the pace of interest rate cuts in speeches from key Federal Reserve policymakers, including Federal Reserve Chair Jerome Powell, as well as economic data.This article was originally published on U.Today More

The band describes Bitcoin as “the only asset I dream of; I want more.” This is an obvious reference to Saylor and his massive accumulation strategy for the digital currency. Available data shows that at the last count, Saylor-led MicroStrategy had a cumulative 252,220 BTC units, placing it in sixth globally regarding Bitcoin ownership.The Maxis also advised investors in the digital asset space to “HODL strong and HODL well.” This supports Saylor’s stance on always buying Bitcoin, even when the market experiences volatility. Saylor’s philosophy toward BItcoin remains bullish as he never panics into selling. It is just as the song stresses, “Never sell,” as Bitcoin will always rise to the moon.At the height of Bitcoin sales by the German government, which caused BTC to drop drastically, Saylor’s bullish stance did not waiver. This prompted him to post on X, addressing the German community with, “Du verkaufst deine Bitcoin nicht” – which means “Do not sell your Bitcoin.”Bitcoin has since recovered and is trading at $65,075.64, representing a 1.61% rise in the past 24 hours.This article was originally published on U.Today More

Investors and operators from both web2 and web3 industries are backing Mawari’s seven-year technological head start in streaming immersive experiences, as well as their bold vision to leverage DePIN to bring 3D content quickly and affordably to devices around the world. Mawari enables real-time 3D content streaming to spatial computing devices like the Apple (NASDAQ:AAPL) Vision Pro, Meta (NASDAQ:META) Quest 3 and Meta Orion AR Glasses through a global network of GPUs, leveraging Web3 elements such as DePIN to overcome the limitations of traditional centralized networks. Uniquely positioned to address one of the core challenges in the spatial computing industry, formerly known as XR (eXtended Reality), Mawari focuses on delivering scalable infrastructure for real-time 3D applications. Founded in 2017, Mawari has since launched the Mawari Network — a DePIN and the only full-stack spatial computing platform offering decentralized compute and storage resources optimized for AR/VR experiences.Mawari’s solution consists of two key components: the Spatial Streaming SDK and the Mawari Network. The Spatial Streaming SDK is a robust toolkit designed to integrate seamlessly with popular development environments like Unity and Unreal Engine. It empowers creators to focus on what they do best—crafting engaging and innovative content—without worrying about the backend complexities.The Mawari Network, meanwhile, is a decentralized, GPU-powered content delivery network designed for spatial computing. It leverages a globally distributed network of GPU nodes, strategically positioned near end-users to ensure low latency and optimal performance. This architecture enables the efficient distribution and scaling of spatial content, delivering seamless, high-quality experiences to users anywhere in the world.About Mawari Mawari is setting the standard for decentralized spatial computing and immersive content delivery. The Mawari Network powers real-time streaming of immersive content through a global network of compute nodes. Mawari is optimizing spatial computing, empowering creators to craft unforgettable experiences that are revolutionizing how audiences engage with digital content.For more information, users can visit: Website | X | Discord | LinkedInContactItai ElizurMarket Accrossitai@marketacross.comThis article was originally published on Chainwire More