Tether vs. The Wall Street Journal!
π Yesterday, The Wall Street Journal claimed the U.S. is investigating Tether over sanctions violations and money laundering concerns.
Tetherβs CTO Paolo Ardoino quickly responded, denying any signs of an investigation, and noted he had informed WSJ reporters of this earlier. π€·
π On their website, Tether published a statement calling WSJβs reporting βirresponsible,β accusing them of basing their claims on rumors from unnamed sources. Tether also pointed out that the article ignored their track record of collaboration with law enforcement and freezing criminal wallets.
π Yesterday, The Wall Street Journal claimed the U.S. is investigating Tether over sanctions violations and money laundering concerns.
Tetherβs CTO Paolo Ardoino quickly responded, denying any signs of an investigation, and noted he had informed WSJ reporters of this earlier. π€·
π On their website, Tether published a statement calling WSJβs reporting βirresponsible,β accusing them of basing their claims on rumors from unnamed sources. Tether also pointed out that the article ignored their track record of collaboration with law enforcement and freezing criminal wallets.
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π While the market was hit by Tether FUD and Bitcoin briefly dropped to $65,500, over in Lugano, Switzerland, there was no time for gloom: they sent a symbolic Bitcoin rocketβ¦ made of drones, straight to the Moon! β¨
Looks like Lugano has decided that if the price wonβt take Bitcoin to new heights, the drones surely will! ππ
Looks like Lugano has decided that if the price wonβt take Bitcoin to new heights, the drones surely will! ππ
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Crypto soothsayer
π₯· A new statue honoring Satoshi Nakamoto, the creator of Bitcoin, has been unveiled in the city of Lugano, Switzerland.
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πΉHere's a more detailed video of the Satoshi Nakamoto monument.
The concept is very futuristic. Looks cool, right? π₯
The concept is very futuristic. Looks cool, right? π₯
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π± The well-known trader James Fickel "took a loan" on Aave and lost $55 million in a single trade. Now heβs not only "in the red," but also owes 980 WBTC (almost $132 million)! πΈ
π When it feels like your futures trade is going south, just remember James and take a deep breath. Maybe his story will save you from rash decisions? π³
π¬ Do you still think taking a loan for trading is a good idea?
π When it feels like your futures trade is going south, just remember James and take a deep breath. Maybe his story will save you from rash decisions? π³
π¬ Do you still think taking a loan for trading is a good idea?
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π This weekend, $BTCβs dominance hit a fresh high of 59.75%, while ETH/BTC fell to April 2021 levels at 0.03625.
π Since the beginning of the year, Bitcoin has surged 1.5x, smashing through ATH in March, while many alts have slipped back to last yearβs levelsβor lower. Rumor has it, the days of altseason are over, with the spotlight now on Bitcoin, held by big funds with even bigger wallets. π
π€ So, is this a paradigm shift, or do we just need to be a little more patient?
π₯ "Just wait, altseason is around the corner."
π "Classic altseason is over; meme coins had their day."
π "Iβm tired of waitingβheading to OnlyFans, the real goldmine!"
π Since the beginning of the year, Bitcoin has surged 1.5x, smashing through ATH in March, while many alts have slipped back to last yearβs levelsβor lower. Rumor has it, the days of altseason are over, with the spotlight now on Bitcoin, held by big funds with even bigger wallets. π
π€ So, is this a paradigm shift, or do we just need to be a little more patient?
π₯ "Just wait, altseason is around the corner."
π "Classic altseason is over; meme coins had their day."
π "Iβm tired of waitingβheading to OnlyFans, the real goldmine!"
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Ethereum Eyes $6K Despite October Slump! π
Ethereum's price has dropped 5.4% since the start of the month, but several indicators suggest itβs gearing up for a rebound to $6,000, according to Cointelegraph analyst Yashu Gola.
ETH might be closing its first losing October since 2018, driven by rising competition from platforms like Solana and weak market response to ETH spot ETFs. Still, Ethereum is holding above the critical $2,400 support level.
What could push ETH to $6K?
1οΈβ£ Strong Support β previous rebounds from this level saw gains of up to 160%.
2οΈβ£ Institutional Moves β a $1.3B ETH withdrawal from Coinbase hints at long-term interest.
3οΈβ£ Capital Rotation β Solana may have βoverheated,β positioning ETH to lead an altseason.
Will ETH reach $6K by 2025? All signs point to a potential lift-off! π
Ethereum's price has dropped 5.4% since the start of the month, but several indicators suggest itβs gearing up for a rebound to $6,000, according to Cointelegraph analyst Yashu Gola.
ETH might be closing its first losing October since 2018, driven by rising competition from platforms like Solana and weak market response to ETH spot ETFs. Still, Ethereum is holding above the critical $2,400 support level.
What could push ETH to $6K?
1οΈβ£ Strong Support β previous rebounds from this level saw gains of up to 160%.
2οΈβ£ Institutional Moves β a $1.3B ETH withdrawal from Coinbase hints at long-term interest.
3οΈβ£ Capital Rotation β Solana may have βoverheated,β positioning ETH to lead an altseason.
Will ETH reach $6K by 2025? All signs point to a potential lift-off! π
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Crypto soothsayer
Basketball player Scottie Pippen dreamed of Satoshi Nakamoto again. π§ He told him that the real bull run hasnβt even started yet. "On November 15, 2024 β the super moon will rise, and the Bulls will reign. Thatβs when everything changes."
π Scottie Pippen is watching Satoshi Nakamotoβs dream prediction.
D-Day β November 5, target β $84,650. π
D-Day β November 5, target β $84,650. π
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π§πΉ The Government of Bhutan Sells Bitcoin!
In the last hour, Bhutan transferred 929 BTC (worth $66 million) from its wallets to Binance. Currently, they still hold 12,456 BTC (about $886.8 million) on their balance.
Whatβs behind this massive sell-off? π Stay tuned for updates!
In the last hour, Bhutan transferred 929 BTC (worth $66 million) from its wallets to Binance. Currently, they still hold 12,456 BTC (about $886.8 million) on their balance.
Whatβs behind this massive sell-off? π Stay tuned for updates!
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MicroStrategy Stocks Outpacing Bitcoin Growth! π
In October, MicroStrategy's shares surged another 60%, tripling in value since the start of the yearβoutperforming Bitcoin itself! Just last week, MSTR jumped over 10%, reaching $255. π
MicroStrategy's all-time high was $333 back in 2000, but it wasnβt until 2020βwhen the company began stacking Bitcoinβthat the stock started climbing again.
Now, MicroStrategy is the largest corporate BTC holder globally, with 252,220 BTC on its balance sheet, bought at an average price of $39,266 per coin. π°
In October, MicroStrategy's shares surged another 60%, tripling in value since the start of the yearβoutperforming Bitcoin itself! Just last week, MSTR jumped over 10%, reaching $255. π
MicroStrategy's all-time high was $333 back in 2000, but it wasnβt until 2020βwhen the company began stacking Bitcoinβthat the stock started climbing again.
Now, MicroStrategy is the largest corporate BTC holder globally, with 252,220 BTC on its balance sheet, bought at an average price of $39,266 per coin. π°
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π¨π³ China Prepares Massive $1.4 Trillion Stimulus Package!
Chinaβs top legislative body will meet from Nov 4-8, weighing a potential $1.4 trillion fiscal stimulus package to bolster the economy and manage local debt risks. The package could grow if Trump wins re-election, as Beijing anticipates heightened economic pressures. π°
The plan marks one of the biggest stimulus moves since the pandemic, potentially reshaping Chinaβs economic landscape! π
Arthur Hayes predicts that this flood of new yuan will push Bitcoin to soar, as Chinese citizens use the decentralized asset as a hedge against currency devaluation and rising inflation.π
Chinaβs top legislative body will meet from Nov 4-8, weighing a potential $1.4 trillion fiscal stimulus package to bolster the economy and manage local debt risks. The package could grow if Trump wins re-election, as Beijing anticipates heightened economic pressures. π°
The plan marks one of the biggest stimulus moves since the pandemic, potentially reshaping Chinaβs economic landscape! π
Arthur Hayes predicts that this flood of new yuan will push Bitcoin to soar, as Chinese citizens use the decentralized asset as a hedge against currency devaluation and rising inflation.π
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Bitcoin advisor to the president of El Salvador, Max Keiser, claims he advised Peter Schiff to buy Bitcoin at various stages: at $1, $10, $100, $1,000, and $10,000. Now, all Schiff can do is watch as BTC approaches another all-time high and just spit venom.π¬
Soon, it may be time to tag him again when Bitcoin hits $100,000 β just to remind him of the missed chances! π
Soon, it may be time to tag him again when Bitcoin hits $100,000 β just to remind him of the missed chances! π
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Bitcoin is nearly $73,000, just 1.2% away from its ATH!
According to Peter Brandt, the target for this cycle is $160,000. π
According to Peter Brandt, the target for this cycle is $160,000. π
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π Yesterday, Bitcoin hit a local peak above $73,000, coming within $200 of a new ATH!
Although the price has slightly corrected, thereβs a high chance weβll see a new ATH today (Binance's ATH is $73,777).
Against several currencies, including the Canadian dollar, Mexican peso, Argentine peso, and Russian ruble, Bitcoin already reached record highs. π₯
Meanwhile, the Fear & Greed Index has surged to 77 β extreme greed mode! Looks like everyoneβs ready to buy! π
Although the price has slightly corrected, thereβs a high chance weβll see a new ATH today (Binance's ATH is $73,777).
Against several currencies, including the Canadian dollar, Mexican peso, Argentine peso, and Russian ruble, Bitcoin already reached record highs. π₯
Meanwhile, the Fear & Greed Index has surged to 77 β extreme greed mode! Looks like everyoneβs ready to buy! π
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Is the Next Bitcoin Peak Between $174K and $462K? π
Historically, Bitcoin has reached its bull cycle peaks between the 1.618 and 2.272 Fibonacci retracement levels. Following this trend, the next BTC top could be anywhere from $174,000 to a whopping $462,000! π€
With BTC above $72K and a new ATH expected soon, all eyes are on these Fibonacci targets for the next bull run. Buckle up! π
Historically, Bitcoin has reached its bull cycle peaks between the 1.618 and 2.272 Fibonacci retracement levels. Following this trend, the next BTC top could be anywhere from $174,000 to a whopping $462,000! π€
With BTC above $72K and a new ATH expected soon, all eyes are on these Fibonacci targets for the next bull run. Buckle up! π
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