Is Bitcoin’s Uptober beginning, or will today’s BTC rally end with more of the same?
Bitcoin rallied to $66,300 today, but definitive proof of a structural trend change remains in question. Go to Source
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Galaxy Research warns of sustainability issues for Bitcoin layer-2 rollups
The future of Bitcoin rollups will depend on continued innovation and optimization in data compression and scalability. Go to Source
Mt. Gox still has 90,000 Bitcoin, valued at roughly $6 billion
The infamous collapse of the Mt. Gox exchange occurred in 2014, and creditors have been waiting for reimbursement for over a decade. Go to Source
Crypto ‘relief rally’ may be just beginning, with sellers exhausted
The crypto market could bounce back this month after a rocky June, with stablecoin outflow from exchanges showing slowing selling pressure. Go to Source
Bitcoin’s Power Law Model Gains Traction Despite Market Fluctuations
In 2020 and early 2021, the stock-to-flow (S2F) bitcoin price model captured widespread attention. Although bitcoin currently stands over 13% below its peak value reached in March, the Power Law Corridor model has become increasingly influential. Many hold the view that the Power Law model’s support line has remained steadfast for over ten years and … Read more
JPMorgan Expects Bitcoin Price to Drop to $42K After Halving
JPMorgan has cautioned investors that the price of bitcoin could fall to $42,000 after the halving event in April. The global investment bank’s analysts explained that $42K is the level they “envisage bitcoin prices drifting towards once bitcoin-halving-induced euphoria subsides after April.” The bank also recently stated that the bitcoin halving and the next major … Read more
Worldcoin stuck after 70% drop from peak — More downside for WLD price?
WLD price may get anchored to $2 until October, primarily due to its initial supply distribution. Go to Source Powered by WPeMatico
XRP price: ‘sell the news’ moment nears after crypto-leading 20% weekly gain
XRP whales have been accumulating since February with only days remaining until the SEC vs. Ripple lawsuit could reach its potential conclusion. Go to Source Powered by WPeMatico
FTX hires forensics team to find lost customers’ billions: Report
Lawyers have claimed FTX assets are either stolen or missing and now a team of financial forensic experts is attempting to trace the money trail. Go to Source Powered by WPeMatico
Public Bitcoin miners’ hash rate is booming — but is it actually bearish for BTC price?
Efforts to keep Bitcoin mining operations afloat may end up stressing the spot BTC price further lower. Go to Source Powered by WPeMatico
