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.
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.
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💡
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.
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.
⚡️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.