Bitcoin Skyrockets To $34K On BlackRock News, Ethereum, Dogecoin Follow: Analyst Says $42K Easy Target For King Crypto

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Bitcoin reached $32,000 and $34,000 in one day. BlackRock is preparing its proposed bitcoin ETF, which is now featured on the Depository Trust and Clearing Corporation (DTCC) website. The recent rallies at the beginning of the week are believed to be a result of the growing excitement surrounding the potential approval of Bitcoin spot ETF applications. The global crypto market cap currently stands at $1.24 trillion, reflecting an increase of 7.22% in the past 24 hours. The Nasdaq Composite inched higher on Monday, benefiting from a retreat in Treasury yields and the anticipation of earnings reports from tech industry leaders.

$1,700,000,000,000 US Budget ????
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$1,700,000,000,000 US Budget Deficit Shattered in 2023 As IMF Issues Warning on America’s ‘Worrying and Deteriorating’ Fiscal Trajectory
The US government's spending exceeded its revenues by over a trillion dollars in the 2023 fiscal year, according to the CBO report. The budget deficit surged to $1.7 trillion, $300 billion more than in the 2022 fiscal year. The IMF calls on the US government to change its approach to spending and taxes due to the country's deteriorating fiscal situation. Fiscal policy should not be procyclical, even less so at this stage of the inflation cycle. Structural reforms are needed to address lower growth, higher interest rates, and reduced fiscal space.
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How $XRP sent $USDC out of the prized crypto index
Ripple has replaced Circle as the fifth member of the Hong Kong Virtual Asset Consortium (HKVAC) global large equal weight index. Ripple's partial win over the U.S. SEC helped XRP get on the list. XRP has a 41.50% increase on a Year-To-Date (YTD) basis. Both USDC and XRP have experienced declines in recent times. USDC briefly fell to $0.86 but was able to regain the dollar peg moments later.

Binance Decides to List an Altcoin in Futures, Which Soared 90 Percent Today
Cryptocurrency exchange Binance has decided to list a new altcoin on its futures platform.
According to the official statement, BarnBridge (BOND) token will take its place on the platform with up to 50x leverage. The company will start futures trading for the token in question at 17:30 Turkey time (UTC 14:30) on October 15, 2023.
Following this development, the BarnBridge price moved further up from the level where it had already risen impressively. At the time of writing this article, the BOND price has increased by 95% in the last 24 hours and is traded at $ 5.81 million.
The token, which has a market value of $45 million, is also listed in the spot market on major cryptocurrency exchanges, including Binance. However, it is not yet traded on Coinbase.
Related News  Ethereum Total Supply Surges After a Long Time: What's the Latest Data?
As Bitcoinsistemi.com reported yesterday, the BOND price actually experienced a big increase yesterday. In a vote held on the decentralized platform of the altcoin, a decision was made to reach a compromise with the SEC and it was requested that all necessary penalties be paid.
When it was learned that a compromise would be made with the SEC, the BOND price experienced a sudden increase. $BTC $ETH $XRP

Are Bitcoin’s long-term prospects brighter than you imagine?
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Whales’ accumulation of $BTC and USDT could favor an upward trajectory for the king coin. But for now, traders may have to deal with a correction.
Bitcoin has been in a bear market for a long time, but macroeconomic factors have supported an uptrend. However, there could be another correction as market participants could be involved in another round of profit-taking. Whale and stablecoin accumulation like USDT could be advantageous for BTC in the long term. The Market Value to Realized Value (MVRV) ratio and dormant circulation are indicators to watch out for. The decrease in dormant circulation implies that most long-term holders have refrained from selling. The 90-day Mean Coin Age (MCA) has been increasing since August, indicating that holders are equipped enough to get involved in large trading activities whenever the bull market returns. The April 2024 halving could push Bitcoin toward a new All-Time High. Andrew Kuznetsov, co-founder and CTO of Islamic Coin, spoke to AMBCrypto on Bitcoin’s potential.
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Why the crypto market delivered yet another dud in September ?
No respite from the bear market is in sight as September proves to be yet another uninspiring month for the crypto market.
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* Volumes across major exchanges like Binance and OKX continued to be lackluster.
* Implied volatility plunged, while the derivatives market also had very little to celebrate.
The crypto market continued to underperform in September, with key indicators like volumes, volatility, and Open Interest remaining subdued. The total cryptocurrency market cap fell by 1.8% over the past month, as bellwethers like Bitcoin and Ethereum continued to trade in tight ranges. Liquid supply, spot, and derivatives markets continued to be lackluster, with traders turning to self-custody. The US market no longer boosting Bitcoin's value, and Grayscale Bitcoin Trust saw a spike in the discount to its underlying Bitcoin holdings. However, significant improvements were seen on a year-to-date basis, and investors are becoming more confident in the trust. $BTC $ETH $XRP

Is Cardano (ADA) Aiming at Fundamental Trend Change?
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Cardano is showing signs of a possible trend reversal, with a descending triangle being a bullish sign. However, other market factors could influence Cardano's trajectory. Shiba Inu is on an uptrend, but is approaching the 21 exponential moving average resistance level. If SHIB manages to break through this resistance, it could pave the way for further gains. Ethereum is showing bullish tendencies, but the lack of substantial trading volume and market volatility could make this rally short-lived. The current price of Ethereum stands at $1,671.96, which is a significant leap from its previous levels. $ADA $ETH $SHIB #ada #CryptoTalks

Bitcoin shows bearish signs as ETF approvals get delayed ?
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The SEC delayed its decision on spot Bitcoin ETFs, which affected BTC's performance. BTC's social volume remained relatively high, but its aSORP was in the red, indicating a market top. Selling pressure seemed to have been on the rise, and BTC was up by more than 1.5% in the last seven days. The MACD showed that the bulls and the bears were trying to gain an edge over each other. Bitcoin's RSI and Money Flow Index both went sideways, suggesting that investors might witness a few more slow-moving days over the coming weeks.
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Bitcoin Stopped Ahead of $27K, These Alts Are Today’s Top Performers 
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$BCH , $MKR , $LINK on the Rise
MakerDAO's native token, MKR, is up 7.5% and trading above $1,500, while Chainlin (LINK) is also up 5.5%. Bitcoin Cash (BCH) has soared the most daily (10%) and trades at $235. Other larger-cap alts like ETH, BNB, XRP, DOGE, ADA, DOT, and MATIC are up by less than 1%. The total crypto market cap has added a few billion overnight.

HODL Or Mining: Is Bitcoin Mining Worth It ????
The cryptocurrency community is divided into three camps: traders, long-term investors, and miners. This article discusses whether mining is still profitable in 2022.
What is Bitcoin Mining?
Bitcoin miners solve complex math problems using the Proof-of-Work algorithm to validate and verify transactions, receiving fees in BTC.
The Bitcoin Halving
Bitcoin halving occurs every four years, reducing miner rewards by 50%.
Bitcoin Mining Throughout the Years
Bitcoin mining was initially done on personal computers, but ASIC-powered computers made them obsolete. This raised the bar and made expenses high, leading to the emergence of large mining centers and increased hash rate.
Bitcoin Mining Distribution
China's ban on mining led to a drop in hash rate, but the network recovered quickly. AntPool is the biggest known pool, but a large percentage of hash rate is unknown. Bitcoin is resilient and has no central authority that can shut it down. $XRP $BTC $ETH

Ripple’s Chief Lawyer Bashes His Shocking Answers During Hearing

Lawyer Alderoty questioned SEC Chairman Gensler's evasive answers during a cross-examination by Rep. Ritchie Torres, calling them deafening and damning. The SEC chairman also criticized some crypto companies for handling customers' assets and laughed about his wealth, causing outrage among the XRP community. This raises concerns about the SEC's failure as an institution and the number of lawsuits against it. The agency's recent moves have been criticized by lawyers, politicians, and even SEC commissioners. At least six financial trade associations have sued the SEC over an arbitrary and capricious new policy called Private Funds Adviser Rule. John Deaton, a pro-Ripple lawyer, recently stated that the SEC is the biggest threat to retail investors after the SEC objected to the collaboration between Coinbase and Celsius Network. The latest testimony puts the SEC in a questionable position, which many consider reckless.
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$ETH Price Breakout But Lacks Momentum ?

Ethereum price is attempting a fresh increase above $1,650 against the US Dollar. ETH could accelerate higher if it clears the $1,670 resistance.
* Ethereum is attempting a fresh increase above the $1,620 level.
* The price is trading above $1,620 and the 100-hourly Simple Moving Average.
* There is a key bullish trend line forming with support near $1,645 on the hourly chart of ETH/USD (data feed via Kraken).
* The pair could continue to rise if it clears the $1,670 resistance zone.
Are Dips Limited in ETH?
If Ethereum fails to clear the $1,670 resistance, it could a downside correction. Initial support on the downside is near the $1,645 level and the trend line.
The next key support is $1,620 or the, below which the price could test the $1,600 support. A downside break below the $1,600 support might start another bearish wave. In the stated case, there could be a drop toward the $1,540 level.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 level.
Major Support Level – $1,620
Major Resistance Level – $1,670

Binance Added Support for This Altcoin, Price Jumped?
Binance announces up to 10x leveraged transaction support for $BICO altcoin, which rose 36% after the announcement. BICO is currently trading at $0.27.

Have we learned anything from Curve Finance and DeFi’s susceptibility to attacks?

Curve Finance attack highlights the problem of limited expressivity and resources in Web3 development environments. The attack was not a hack, but an exploit. Curve Finance's Vyper code is severely limited in its ability to express complexity beyond relatively simple transaction logic. This makes it hard for anyone to design security measures that would prevent this or any other attacks. The current Web3 ecosystems can not support something like on-chain risk analysis solution.

Why Bitcoin, Ethereum, Dogecoin Are Dipping Today?
The SEC has postponed the ruling on the proposed ARK 21Shares Bitcoin ETF until next year. The global crypto market capitalization stands at $1.05 trillion, a 0.89% increase in the last day. The S&P 500 experienced a decline of 1.47%, while the Nasdaq Composite retreated by 1.57%. The U.S. Dollar index, a measure of the greenback's strength against a basket of six other currencies, soared to a 10-month high on Wednesday. $BTC $ETH $DOGE

Binance Moves $840,000 of $ETH ?
A wallet associated with Binance caused a 1,900% increase in Ethereum transaction fees after moving over $840,000 of ETH in 24 hours. The wallet received ETH from wallets that had not been used for almost three years in a short span of time. Binance addressed users' concerns on social media, pointing out that these transactions were part of a routine consolidation of its assets into a specific wallet. The event has propelled the Binance 14 wallet to the list of the top 50 contributors to gas fees, intensifying the debate and skepticism surrounding Binance's operations. The transactions come shortly after an ICO participant moved a whopping 6,000 ETH, worth nearly $10 million, to popular cryptocurrency trading platform Kraken.

[Breaking News] Solana as total value locked ?
Base, a layer 2 network on Coinbase, has surpassed Solana in terms of total value locked (TVL) with $397.32 million. DeFi Llama data shows that Base's TVL increased by 97.21% in the past month, while Solana's has decreased by 9.64%. Two Base-native projects, Aerodrome Finance and Friend.tech, account for the largest shares of TVL on the network, with the former having a TVL of $97.83 million and the latter of $36.53 million respectively. Base hit a new peak in daily transactions of 1.88 million on Sept. 14, surpassing rival chains like Optimism and arbitrum. However, daily transactions have decreased to roughly 908,000 as of Sept. 22. Despite being pronounced dead in late August due to tanking user activity and fees, the platform surged dramatically in September.

$2,000,000 in Free Money To Be Handed Out ??
Fairfax County, Virginia is piloting a $2 million basic income program for 180 families over 15 months. The program aims to improve physical and mental health, school performance, housing and food security, and employment. The sign-up process runs from September 23rd to October 3rd. Applicants must be at least 18 years old, have a child who's 16 years or younger, and maintain a household income between 150% and 250% of the FPL. The trial is one of dozens across the US to gauge the effectiveness of basic income programs.

Shiba Inu’s “Burn Portal in Single Day” Under Development ???

Shiba Inu's lead developer, Shytoshi Kusama, confirmed the ongoing development of the Burn Portal for the Shibarium protocol. Burning tokens refers to the process of permanently removing cryptocurrency tokens from circulation. Over 9.2 million SHIB tokens were burnt and permanently removed from circulation in the last 24 hours.$SHIB

Fake Musk Crypto Scams ? 😝 A Must Read

TikTok is struggling to keep up with cybercriminals using Elon Musk-themed cryptocurrency scams to lure victims. Hundreds of crypto scams surface every hour, usually showing a deep-fake video of Musk being interviewed by FOX News. All of these counterfeit TikTok Musk scams use the same template to bait victims. Hackers' go-to imagery for a counterfeit video contains the likes of Elon Musk, Tesla, SpaceX, Ark Invest, Gemini, Ripple (XRP), Michael Saylor, and more. Users can report the fake crypto giveaway to help the developers of the social media platform deal with the security breach quicker.

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