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Bitcoin
BTC
tickers down
$69,669
price has declined by more than 6% over the last three days after rallying above $73,000 at the beginning of the week.
Data from Cointelegraph Markets Pro andCoinbase shows that the BTC price fell from a high of $73,600 on Sept. 29, dropping as much as 6.55% to reach an intraday low of $68,777 on Nov. 1.
Bitcoin Price, Bitcoin Analysis, Markets
BTC/USD daily chart. Source: TradingView
Bitcoin’s sell-off triggered by corrections across the broader crypto market and the growing uncertainty over the US elections has cast doubt over whether BTC’s “Uptober” gains will be undone.
This has left market participants wondering how low the Bitcoin price may go if the $69,000-$70,000 support range is lost.
Analysts set sub-$65,000 target for Bitcoin price
Bitcoin’s latest downtrend has led market analysts to believe that the price of the pioneer cryptocurrency might retest areas around $65,000 before resuming the uptrend into price discovery.
“Expect Bitcoin volatility in the coming days!” said Bitcoin analyst AlphaBTC in an Oct. 31 post on X.
The upcoming 2024 US elections and the looming Federal Open Market Committee (FOMC) meeting scheduled for Nov. 6 and Nov. 7 could result in “big swings,” the analyst added.
Traders would have to wait until after the outcome of the elections and the FOMC decision on rate cuts is made to get clarity on the direction the market could take, according to AlphaBTC
BTC
tickers down
$69,669
price has declined by more than 6% over the last three days after rallying above $73,000 at the beginning of the week.
Data from Cointelegraph Markets Pro andCoinbase shows that the BTC price fell from a high of $73,600 on Sept. 29, dropping as much as 6.55% to reach an intraday low of $68,777 on Nov. 1.
Bitcoin Price, Bitcoin Analysis, Markets
BTC/USD daily chart. Source: TradingView
Bitcoin’s sell-off triggered by corrections across the broader crypto market and the growing uncertainty over the US elections has cast doubt over whether BTC’s “Uptober” gains will be undone.
This has left market participants wondering how low the Bitcoin price may go if the $69,000-$70,000 support range is lost.
Analysts set sub-$65,000 target for Bitcoin price
Bitcoin’s latest downtrend has led market analysts to believe that the price of the pioneer cryptocurrency might retest areas around $65,000 before resuming the uptrend into price discovery.
“Expect Bitcoin volatility in the coming days!” said Bitcoin analyst AlphaBTC in an Oct. 31 post on X.
The upcoming 2024 US elections and the looming Federal Open Market Committee (FOMC) meeting scheduled for Nov. 6 and Nov. 7 could result in “big swings,” the analyst added.
Traders would have to wait until after the outcome of the elections and the FOMC decision on rate cuts is made to get clarity on the direction the market could take, according to AlphaBTC
$BTC Money will come out of the market in the coming three days. Market will be down on Friday, Saturday and Sunday and there is a possibility of crash.Stay alert on future traders $BTC #crashed
#BankOfAmerica Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Nemil Dalal, product lead of the Coinbase Developer Platform, discusses Coinbase’s first AI-to-AI crypto transaction.
#BTC☀ New Regulatory News Update: The SEC raises concerns about FTX's bankruptcy resolution plans, hinting at potential legal issues.
• Asian News: OKX appoints former Monetary Authority of Singapore official as CEO of its Singapore unit, secures significant license.
• New Altcoin JetBolt is growing rapidly as its presale kicks off. With game changing new features such as zero gas fees, AI, and easy to earn crypto staking, this new coin should be closely watched in 2024. Powered by the Skale Network, JetBolt hopes to provide an invisible layer between applications and blockchain.
• Ripple's unlocking of 1 billion XRP tokens causes a 2.29% drop in price, triggering market uncertainty.
• Metaplanet partners with SBI VC Trade in Japan.
• Asian News: OKX appoints former Monetary Authority of Singapore official as CEO of its Singapore unit, secures significant license.
• New Altcoin JetBolt is growing rapidly as its presale kicks off. With game changing new features such as zero gas fees, AI, and easy to earn crypto staking, this new coin should be closely watched in 2024. Powered by the Skale Network, JetBolt hopes to provide an invisible layer between applications and blockchain.
• Ripple's unlocking of 1 billion XRP tokens causes a 2.29% drop in price, triggering market uncertainty.
• Metaplanet partners with SBI VC Trade in Japan.
#Uniswape
Uniswap Labs will pay $175,000 to settle charges it offered illegal leveraged and margined commodities transactions, the U.S. Commodity Futures Trading Commission announced Wednesday.
Uniswap developed a user interface and a set of smart contracts that let users trade tokens on the platform, the CFTC said. This included tokens developed by third parties – meaning people who don't work for Uniswap – that exposed investors to margined or leveraged returns against the price of bitcoin (BTC) and ether (ETH).
Uniswap Labs will pay $175,000 to settle charges it offered illegal leveraged and margined commodities transactions, the U.S. Commodity Futures Trading Commission announced Wednesday.
Uniswap developed a user interface and a set of smart contracts that let users trade tokens on the platform, the CFTC said. This included tokens developed by third parties – meaning people who don't work for Uniswap – that exposed investors to margined or leveraged returns against the price of bitcoin (BTC) and ether (ETH).
APE COIN IMPORTANT ARTICLE FOR CRYPTO TRADERS
Btc vs ape coin
ApeCoin has unveiled the Blueprint for ApeChain, highlighting its focus on enhancing the blockchain experience through content, tools, and distribution.
Bored Ape Yacht Club-inspired crypto ecosystem ApeCoin has unveiled the “Blueprint” for its layer-2 solution ApeChain, marking a key advancement in its blockchain strategy by focusing on content, tools, and distribution to elevate user and developer experiences.
In a press release shared with crypto.news, ApeCoin outlined the
ApeCoin has unveiled the Blueprint for ApeChain, highlighting its focus on enhancing the blockchain experience through content, tools, and distribution.
Bored Ape Yacht Club-inspired crypto ecosystem ApeCoin has unveiled the “Blueprint” for its layer-2 solution ApeChain, marking a key advancement in its blockchain strategy by focusing on content, tools, and distribution to elevate user and developer experiences.
In a press release shared with crypto.news, ApeCoin outlined the
$BTC
The price of Bitcoin (BTC) is down roughly 14% since August 25th, 2024. Today, BTC continued its trend lower in overnight trading. How concerning is this Bitcoin (BTC) price drop? With the ongoing BTC price drop, concerns of another crypto crash are rising.
RELATED – 15 Cryptocurrency Forecasts For 2025
Many are concerned about the ongoing BTC price drop.
We are not – because we saw it coming – interestingly, we documented that a BTC price drop would occur in the seasonally weak period Sept/Oct even on our public blog in our BTC price drop prediction.
#CryptoMarketMoves #Deepnews #NewsAboutCrypto
The price of Bitcoin (BTC) is down roughly 14% since August 25th, 2024. Today, BTC continued its trend lower in overnight trading. How concerning is this Bitcoin (BTC) price drop? With the ongoing BTC price drop, concerns of another crypto crash are rising.
RELATED – 15 Cryptocurrency Forecasts For 2025
Many are concerned about the ongoing BTC price drop.
We are not – because we saw it coming – interestingly, we documented that a BTC price drop would occur in the seasonally weak period Sept/Oct even on our public blog in our BTC price drop prediction.
#CryptoMarketMoves #Deepnews #NewsAboutCrypto
Hackers compromised Donald Trump’s daughter-in-law and daughter’s X accounts on Tuesday to promote a token allegedly connected to World Liberty Financial, a crypto project that Trump’s family members have recently endorsed.
Cybercriminals gained access to Republican National Committee co-chair Lara Trump’s X account. They also compromised an account belonging to Tiffany Trump, the former president’s younger daughter.
Donal$d Trump’s son, Eric Trump, promptly labeled the posts a hoax.
Cybercriminals gained access to Republican National Committee co-chair Lara Trump’s X account. They also compromised an account belonging to Tiffany Trump, the former president’s younger daughter.
Donal$d Trump’s son, Eric Trump, promptly labeled the posts a hoax.
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