Bitcoin Hits New High Since July, Then Drops

On October 15, Bitcoin surged to a new high of $67,950, its highest since the end of July, before dropping back to around $65,600. Despite the correction, analysts like Vladislav Antonov from BitRiver believe buyers still have room to push the price up to $68,800. Breaking this resistance could trigger a rally towards $90,000.

In the last 3 hours, crypto exchanges saw $102 million in liquidations, with $39 million in Bitcoin and $27 million in Ethereum. Ethereum also experienced a brief spike to $2,670 before falling back to $2,620.

Total crypto market capitalization has grown by 0.8%, reaching $2.42 trillion.

Bitwise Outlines Three Conditions for Bitcoin to Reach $80K in 2024

Investment company Bitwise highlighted three key conditions for Bitcoin to hit $80,000 in 2024. According to Matt Hougan, Bitwise’s Chief Investment Officer, while Bitcoin is expected to reach this level by 2025, achieving it sooner depends on these factors:

1. A win by Republican candidate Donald Trump in the U.S. elections or a shift in crypto policy by Democrats.
2. The Federal Reserve lowering interest rates by 50 basis points and additional economic stimulus from China.
3. No major negative shocks in the crypto industry, such as hacks or legal battles.

Additionally, the support of altcoins could push Bitcoin even higher, potentially reaching $100K within months. Despite recent dips, Bitcoin remains one of the top-performing assets in 2024, up 44% since January.

HAS SATOSHI NAKAMOTO'S IDENTITY BEEN REVEALED?

In a new HBO documentary set to air next Wednesday, it is claimed that the true identity of the creator of BTC, who has been hiding under the pseudonym Satoshi Nakamoto, has been revealed.

🪙Bitcoin's price has surged above $66,000 today — the highest level since the end of July

Bitget partners with Telegram🤝

The integration allows Mini Apps to use the Bitget Wallet for transactions

💰BingX Exchange Gives Away 5 Million USDT

In honor of their hacking incident, the exchange has decided to hold this drop. Exchanges that have not been hacked - Tier 1 - did not participate.

Criteria for the drop:
- Balance of $10+ at the time of the hack
- KYC verification completed
- Account login history from September 10, 2024, to September 20, 2024

By September 25, 500,000 random users will be selected to receive a voucher for tokens (random amount between $1-5000).

🚀We attended TOKEN2049 in Singapore — an incredibly inspiring event full of energy and innovation!

Immersed in the world of cryptocurrencies, we connected with top industry leaders and came back with exciting new insights into the future of blockchain and Web3💡

#TOKEN2049 #CryptoFuture #Web3 #Singapore

On Sunday, September 15, Bitcoin is trading around the $60,000 mark, with its price up by about 10% over the week. The key event of the upcoming week will be the U.S. Federal Reserve meeting and Jerome Powell's press conference on September 18.

Binance is going to add Hamster Kombat (HMSTR) to Binance Launchpool and Super Earn, and List It on Spot on September 26

The app currently has over 200 million players

📆 Available from September 19, 00:00 UTC to September 25, 23:59 UTC (7 days)

During the Launchpool period, you can stake your BNB and FDUSD (either together or separately) and receive HMSTR tokens as rewards every hour
💰

Naturally, the more BNB and FDUSD you stake, the more HMSTR you will earn.

A total of 3,000,000,000 HMSTR will be distributed:
• 2,550,000,000 HMSTR for BNB holders (85%)
• 450,000,000 HMSTR for FDUSD holders (15%)

Tron and Tether Join Forces to Combat Illegal Use of USDT

Tether, TRON, and blockchain analytics firm TRM have formed the T3 Financial Crime Unit (T3 FCU) to combat illegal activities involving USDT on the TRON blockchain.

An April report from TRM Labs revealed that USDT accounts for 1.63% of illicit transactions among stablecoins, with 41% occurring on the TRON blockchain. The T3 initiative, launched in July, uses TRM’s data to detect suspicious activity, with Tether and Tron teams acting on the findings.

In a new report, Chainalysis noted that the average lifespan of crypto scams in 2024 has decreased to 42 days, compared to 271 days in 2020

⚡️Durov has been officially charged. He is placed under supervision and is not allowed to leave France, according to the Paris prosecutor’s office.
The founder of Telegram is required to post bail of €5 million.

⚡️Block production on TON is experiencing disruptions again due to heavy load related to tokens.

❗️TON has dropped out of the top 10 by market capitalization, showing a 20% decline in the last 24 hours.

TON commented on Durov's arrest:

▪️The TON community remains strong and functional

▪️We support Durov; Pavel is a dedicated advocate of decentralization and freedom of speech

▪️We will continue to work to uphold these principles

▪️We urge everyone to remain calm

TON has dropped by ~17% in the last 24 hours, and NOT by ~17%.

⚡️ Yesterday, TRON's revenue exceeded $3.88 million, setting a record high.
Additionally, SunPump began collaborating with DWF Labs.

📈 Bitcoin is expected to rise in the 4th quarter.
The trends in 2024 are very similar to those in 2016 and 2020.

⚡️A corporate conflict has erupted among the creators of Hamster Kombat, putting the listing on Binance in doubt.
The project's co-founders plan to resolve the issues in court, including in Cyprus, where the company is registered.

⚡️⚡️ The CEO of Circle announced that iPhones will integrate a contactless payment feature using USDC.

Mass adoption is coming 🔥🔥🔥

Cryptocurrency prices today:

Currently, 🥇 Bitcoin (BTC) is priced at $60.8K, 🥈 Ethereum (ETH) is trading at $2.72K, and 🥉 BNB (BNB) is at $526.

📈 Among the top 100 cryptocurrencies by market capitalization, ThorChain (RUNE) saw the most significant growth in the past 24 hours, rising by 13.5%.

📉 The biggest drop was in Sui (SUI), which fell by 2%.