Is the Next Bitcoin Peak Between $174K and $462K? 🚀
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! 🤑
With BTC above $72K and a new ATH expected soon, all eyes are on these Fibonacci targets for the next bull run. Buckle up! 📈
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! 🤑
With BTC above $72K and a new ATH expected soon, all eyes are on these Fibonacci targets for the next bull run. Buckle up! 📈
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💳 Crypto, now with a Visa swipe!
🤝 Visa and Coinbase have teamed up, letting eligible Visa debit card users in the U.S. and EU buy and cash out crypto instantly. Now, Coinbase users can snag trading opportunities 24/7 — no more waiting around! 🕒💸
🤵♀️ Visa’s Yanilsa Gonzalez Ore even hinted that this move gives traders a reason to keep their finger on the button, day or night. After all, when the bull run hits, who wants to be on hold?
Looks like Visa is keeping crypto in the shopping cart while traditional finance takes its time warming up! 😂
🤝 Visa and Coinbase have teamed up, letting eligible Visa debit card users in the U.S. and EU buy and cash out crypto instantly. Now, Coinbase users can snag trading opportunities 24/7 — no more waiting around! 🕒💸
🤵♀️ Visa’s Yanilsa Gonzalez Ore even hinted that this move gives traders a reason to keep their finger on the button, day or night. After all, when the bull run hits, who wants to be on hold?
Looks like Visa is keeping crypto in the shopping cart while traditional finance takes its time warming up! 😂
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10x Research Predicts a $100K Bitcoin Blast-Off by January!
According to 10x Research, Bitcoin could hit $100,000 by the new year! Their model, boasting an 86.7% accuracy, recently triggered a double buy signal, predicting BTC will go 40% higher from its current price of $73K by January. 📈
With “Bitcoin dominance” supposedly sucking the life out of altcoins, it’s a BTC show all the way to 2025! And yes, they even squeezed in a Trump election prediction, apparently hoping for a crypto boost if he wins. 🤪
According to 10x Research, Bitcoin could hit $100,000 by the new year! Their model, boasting an 86.7% accuracy, recently triggered a double buy signal, predicting BTC will go 40% higher from its current price of $73K by January. 📈
With “Bitcoin dominance” supposedly sucking the life out of altcoins, it’s a BTC show all the way to 2025! And yes, they even squeezed in a Trump election prediction, apparently hoping for a crypto boost if he wins. 🤪
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16 years of the Bitcoin White Paper!🎉
🗞On October 31, 2008, Satoshi Nakamoto published the Bitcoin white paper, outlining the principles of a peer-to-peer payment system that would revolutionize the fintech world. To this day, it's unknown who Satoshi really is—an individual or a group?
Interestingly, in HBO’s new documentary Money Electric, Peter Todd was named as Bitcoin’s creator. Todd denied it, and now has to stay hidden for safety reasons. 👀
The Bitcoin network launched in January 2009, and two years later, Satoshi disappeared, leaving behind a multi-billion dollar industry and one of the greatest unsolved mysteries. 👺
🗞On October 31, 2008, Satoshi Nakamoto published the Bitcoin white paper, outlining the principles of a peer-to-peer payment system that would revolutionize the fintech world. To this day, it's unknown who Satoshi really is—an individual or a group?
Interestingly, in HBO’s new documentary Money Electric, Peter Todd was named as Bitcoin’s creator. Todd denied it, and now has to stay hidden for safety reasons. 👀
The Bitcoin network launched in January 2009, and two years later, Satoshi disappeared, leaving behind a multi-billion dollar industry and one of the greatest unsolved mysteries. 👺
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MicroStrategy Plans a Massive $42B Bitcoin Purchase! 💰
📢 The corporate giant and largest BTC holder, MicroStrategy, announced its plan to raise $42 billion for Bitcoin purchases over the next three years. They’ve already accumulated 252,220 BTC (valued at around $18 billion) at an average price of $39,266 per coin.
💵 A unique aspect of MicroStrategy’s strategy is using borrowed funds for these purchases: the company periodically issues long-term bonds to increase its BTC balance. As of Q3 2024, they still had $891.3 million remaining from previously raised funds.
📢 The corporate giant and largest BTC holder, MicroStrategy, announced its plan to raise $42 billion for Bitcoin purchases over the next three years. They’ve already accumulated 252,220 BTC (valued at around $18 billion) at an average price of $39,266 per coin.
💵 A unique aspect of MicroStrategy’s strategy is using borrowed funds for these purchases: the company periodically issues long-term bonds to increase its BTC balance. As of Q3 2024, they still had $891.3 million remaining from previously raised funds.
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Crypto soothsayer
Spot Bitcoin ETFs are seeing the strongest inflow in BTC terms since March 2024! 💪 Just yesterday, U.S. spot Bitcoin ETFs attracted $870 million — the third-largest inflow since their launch. 💰 Currently, Bitcoin ETF issuers are holding BTC worth $72.5 billion.
BlackRock’s Bitcoin ETF attracted a record $872 million during the October 30 trading session, surpassing the inflows seen when BTC peaked in March! 💰📈
Over the past two weeks, U.S. Bitcoin ETFs have brought in about $5 billion, with more than half going to BlackRock’s fund. Only 10% of all existing ETFs have ever reached such capital volumes. 💪
Over the past two weeks, U.S. Bitcoin ETFs have brought in about $5 billion, with more than half going to BlackRock’s fund. Only 10% of all existing ETFs have ever reached such capital volumes. 💪
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Market Maker "MyTrade" Pleads Guilty to Crypto Market Manipulation!
🇺🇸 The U.S. Department of Justice reports that 39-year-old Liu Zhou will face trial for "wash trading client tokens on multiple crypto exchanges," with charges of artificially inflating asset prices. 🤷
🇺🇸 The U.S. Department of Justice reports that 39-year-old Liu Zhou will face trial for "wash trading client tokens on multiple crypto exchanges," with charges of artificially inflating asset prices. 🤷
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1inch Addresses App Breach and Announces Fund Recovery!
🥷On October 30, users of the decentralized app 1inch faced a malicious wallet connection request that enabled attackers to steal assets.
1inch confirmed the incident, clarifying that only the 1inch dapp was affected—its Wallet, API, and protocols remain secure. The team has pledged to restore stolen funds. 👏
Affected users are advised to revoke ERC-20 approvals from malicious addresses via Revoke.cash to prevent further access.
The breach resulted from a supply chain attack on the popular UI animation library, Lottie Player, which targeted major crypto project sites. Hackers compromised a maintainer’s account token, injecting harmful code into several NPM package manager versions. 🧐
The infected package has been removed, but sites using the library need to update to secure versions.
🥷On October 30, users of the decentralized app 1inch faced a malicious wallet connection request that enabled attackers to steal assets.
1inch confirmed the incident, clarifying that only the 1inch dapp was affected—its Wallet, API, and protocols remain secure. The team has pledged to restore stolen funds. 👏
Affected users are advised to revoke ERC-20 approvals from malicious addresses via Revoke.cash to prevent further access.
The breach resulted from a supply chain attack on the popular UI animation library, Lottie Player, which targeted major crypto project sites. Hackers compromised a maintainer’s account token, injecting harmful code into several NPM package manager versions. 🧐
The infected package has been removed, but sites using the library need to update to secure versions.
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Changpeng Zhao (CZ), the founder of Binance, made his first public appearance after being released from prison.
Speaking at Binance Blockchain Week, he shared his vision for Bitcoin and admitted that even the prison guards were asking him for crypto advice! 🕶
Although CZ avoided making predictions, he confidently stated that 2024 is a year of recovery, with Bitcoin expected to follow its "magical" 4-year cycle: peak, correction, recovery, and eventually a new record high. 📈
As for CZ himself, he won't be returning to Binance; instead, he's now focused on investing in blockchain, AI, and biotech. 👀
Speaking at Binance Blockchain Week, he shared his vision for Bitcoin and admitted that even the prison guards were asking him for crypto advice! 🕶
Although CZ avoided making predictions, he confidently stated that 2024 is a year of recovery, with Bitcoin expected to follow its "magical" 4-year cycle: peak, correction, recovery, and eventually a new record high. 📈
As for CZ himself, he won't be returning to Binance; instead, he's now focused on investing in blockchain, AI, and biotech. 👀
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Crypto soothsayer
16 years of the Bitcoin White Paper!🎉 🗞On October 31, 2008, Satoshi Nakamoto published the Bitcoin white paper, outlining the principles of a peer-to-peer payment system that would revolutionize the fintech world. To this day, it's unknown who Satoshi really…
Trump congratulated Bitcoiners on the WP anniversary! 🎉
Of course, he couldn’t resist calling for votes. 😁
Of course, he couldn’t resist calling for votes. 😁
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Bitcoin fell back to $69,000 📉
After the U.S. stock market lost nearly $1 trillion following the release of major companies' quarterly reports, Bitcoin experienced a correction in sync.
👀 At one point, the price of Bitcoin dropped below $69,000. It is currently trading around $69,300.
🔎 According to analysts at Standard Chartered, heightened price volatility is expected in the coming days, leading up to the U.S. elections on November 5, and we could see mass liquidations of traders, both short and long. 🤷
After the U.S. stock market lost nearly $1 trillion following the release of major companies' quarterly reports, Bitcoin experienced a correction in sync.
👀 At one point, the price of Bitcoin dropped below $69,000. It is currently trading around $69,300.
🔎 According to analysts at Standard Chartered, heightened price volatility is expected in the coming days, leading up to the U.S. elections on November 5, and we could see mass liquidations of traders, both short and long. 🤷
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Bitcoin ETF assets have reached 53% of the size of Gold ETFs in the first 10 months of trading. 📊
Currently, $138 billion is held across 35 U.S.-based gold ETFs, while Bitcoin ETFs have attracted over $70 billion in 2024. 💰
It’s worth noting that the first Gold ETFs launched 20 years earlier, back in 2004.
Currently, $138 billion is held across 35 U.S.-based gold ETFs, while Bitcoin ETFs have attracted over $70 billion in 2024. 💰
It’s worth noting that the first Gold ETFs launched 20 years earlier, back in 2004.
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Yesterday in London, Stephen Mollah claimed to be the creator of Bitcoin—none other than Satoshi Nakamoto! 🙈
To hear this sensational confession, attendees had to pay $625 for entry. 😂
Like many before him, Mollah couldn’t prove his words—he claimed the access keys to Satoshi's BTC wallets were split into 8 parts scattered worldwide. And in addition to Bitcoin (the idea for which came to him around 20 years ago during a walk in the Himalayas), he claims he also invented the Twitter logo and Eurobonds! 😁
To hear this sensational confession, attendees had to pay $625 for entry. 😂
Like many before him, Mollah couldn’t prove his words—he claimed the access keys to Satoshi's BTC wallets were split into 8 parts scattered worldwide. And in addition to Bitcoin (the idea for which came to him around 20 years ago during a walk in the Himalayas), he claims he also invented the Twitter logo and Eurobonds! 😁
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💵 Tether’s 2023 Profit Surges to $7.7 Billion!
In Q3 alone, Tether earned a net profit of $2.5 billion, pushing total profit since the beginning of the year to a remarkable $7.7 billion. Financial results were verified by audit firm BDO.
Key highlights:
▪️Tether’s total assets reached a record $134.4 billion, with equity at $14.7 billion.
▪️USDT reserves: $125.47 billion, with $102.5 billion in U.S. Treasury bonds, making Tether the 18th largest holder of U.S. debt globally.
▪️Tether’s reserves also include gold, which brought in a “paper” gain of $1.1 billion in Q3 alone.
▪️USDT issuance reached ~119.4 billion, with $6 billion in reserve surplus.
Tether has also allocated $7.7 billion to Tether Investments, diversifying into renewable energy, Bitcoin mining, AI, telecommunications, and education.
In Q3 alone, Tether earned a net profit of $2.5 billion, pushing total profit since the beginning of the year to a remarkable $7.7 billion. Financial results were verified by audit firm BDO.
Key highlights:
▪️Tether’s total assets reached a record $134.4 billion, with equity at $14.7 billion.
▪️USDT reserves: $125.47 billion, with $102.5 billion in U.S. Treasury bonds, making Tether the 18th largest holder of U.S. debt globally.
▪️Tether’s reserves also include gold, which brought in a “paper” gain of $1.1 billion in Q3 alone.
▪️USDT issuance reached ~119.4 billion, with $6 billion in reserve surplus.
Tether has also allocated $7.7 billion to Tether Investments, diversifying into renewable energy, Bitcoin mining, AI, telecommunications, and education.
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Jim Cramer, with Bitcoin at $16,816 and SOL at $11:
"I didn’t go to college to get stupid." 😂
"I didn’t go to college to get stupid." 😂
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Bitcoin Rises, But Not All Are Smiling 📉
While Bitcoin climbs toward all-time highs with ETF inflows pouring in, not all’s rosy in the crypto world. Despite the Bitcoin buzz, companies like Kraken and Consensys are cutting staff as some altcoins flounder and crypto VC investments slumped 20% in Q3. 🤷
Kraken axed 15% of its workforce, Coinbase missed revenue targets, and Consensys cut 20% of its team. Even with excitement over Trump’s pro-crypto stance, many companies face regulatory pressure and low adoption for altcoins.
👉 BTC up 64% in 2024; but altcoins ? Not so lucky.
While Bitcoin climbs toward all-time highs with ETF inflows pouring in, not all’s rosy in the crypto world. Despite the Bitcoin buzz, companies like Kraken and Consensys are cutting staff as some altcoins flounder and crypto VC investments slumped 20% in Q3. 🤷
Kraken axed 15% of its workforce, Coinbase missed revenue targets, and Consensys cut 20% of its team. Even with excitement over Trump’s pro-crypto stance, many companies face regulatory pressure and low adoption for altcoins.
👉 BTC up 64% in 2024; but altcoins ? Not so lucky.
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