⚡️ There is a possibility of over 69,000 Bitcoins being released into the market by the U.S.

Recently, as a result of a court ruling, the U.S. government gained control over confiscated assets from the Silk Road platform worth $4.4 billion in #BTC equivalent. Considering the government's track record with cryptocurrency, some market participants speculate that these Bitcoins may be sold, which could exert significant pressure on the market.

🕯 However, there is also an opposing view that the government will not begin sales until the election process is completed in order to maintain the support of crypto enthusiasts.

In any case, such a balance of Bitcoins in U.S.-controlled wallets could create long-term psychological tension for investors and delay the start of a bull run until the market absorbs all the sold coins.

#CryptoNews

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📆 Main #EventOfTheDay: CPI Data Release

The FOMC's September minutes, published yesterday, reduce the likelihood of an interest rate change in November. However, today at 12:30 PM GMT, the release of the CPI data is expected to show the inflation rate in the U.S. for September.

📉 Experts predict a 0.2% decline in the index, bringing it to 2.3%. Currently, the Fed's target is 2%, so these consumer price index figures may encourage Powell to announce a 50 basis point rate cut at the upcoming Fed meeting.

#CryptoNews

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🧭 The Fear and Greed Index dropped to 32 — fear

The published inflation data in the U.S. exceeded expectations. The Consumer Price Index for September rose by 0.2%, while the core inflation rate increased by 0.3%.

Additionally, the number of jobless claims reached the highest level since June 2023, totaling 258,000 compared to the forecast of 231,000.

📉 Negative economic data put pressure on the cryptocurrency market, with Bitcoin briefly falling below the psychological level of $60,000.

#CryptoNews

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⚡️ #Bitcoin correlates with the growth of the U.S. stock market

The #DowJones and #S&P500 indices have reached all-time highs on the back of positive quarterly revenue reports. The U.S. banking sector is also showing growth — for example, #BankOfAmerica's profit exceeded forecasts and reached $25.49 billion.

🕯 #BTC dominance has risen to 58%, but some experts, such as Michaël van de Poppe, believe the market is on the verge of an altseason.

According to him, the Bitcoin chart shows signs of bearish divergence. If this signal is confirmed, we can expect a liquidity shift toward altcoins. Poppe claims that a key sign of the start of altseason will be a breakout of the 0.04 level by the #ETH/BTC pair.

#Opinion #CryptoNews

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📈 Bitcoin may continue its rapid growth

#BTC has broken through the $68,000 level, and analysts have every reason to expect further price increases. The main reasons for these optimistic forecasts include Kamala Harris’s willingness to embrace cryptocurrencies and develop a legal framework for digital assets, as well as the delay in #MtGox payouts, which has calmed the market and reduced the risk of Bitcoin sell-offs.

📆 Additionally, historically, the crypto market shows positive momentum in the second half of October. This time, institutional investors are providing additional support to the rising prices, with their interest in #Bitcoin and #Ethereum-based #ETFs surging sharply.

🪙 Retail investors are also getting back in the game, returning to buy at the $67,000 level, boosting demand for BTC by 7%.

This is not financial advice

#CryptoNews #Analysis

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🔼 Trump's chances of winning have risen to 60%

According to betting platforms, the Republican candidate is ahead of Kamala Harris by 20.2%, and the total open positions on his victory have increased to $2 billion.

Recently, #DonaldTrump has been receiving active support on Twitter, including from potential future trillionaire #ElonMusk. Meanwhile, more "exposing news" is emerging about #KamalaHarris, which is inevitably affecting her ratings.

🪙 At #Bernstein, the rise in #BTC is being linked to the increasing chances of Trump's victory.

#CryptoNews

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😎 #MicroStrategy Outperforms S&P500 Thanks to the "Bitcoin Strategy"

In a recent interview, Michael Saylor stated that his company has surpassed the stock growth of any other in the S&P500 index. Over the past four years, the growth has been 1,540% compared to the index's 111%. Some experts even claim that #BTC is following the rise in #MSTR stock prices.

📌 Meanwhile, the total number of cryptocurrency users has reached 617 million, and capital inflows into #Bitcoin-#ETF continue to grow, reaching $1.38 billion over the week.

📈 The positive momentum in the crypto market is also fueled by Japan's announced economic stimulus measures and expectations that the Fed will lower interest rates to 3.25% by June next year.

#CryptoNews

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🐶 Elon Musk is pumping #Dogecoin again

This time, the billionaire chose Pennsylvania as his platform. As part of Donald Trump's election campaign, Musk once again spoke about plans to create the "Department of Government Efficiency" — #DOGE, which will oversee taxpayer spending.

📈 The #memecoin responded with an 8.5% rise, while weekly speculation volume increased by 23%.

#CryptoNews

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🎧 #MemeCoins are growing, but altcoins are not — let's figure out why

On Friday, meme coins showed the most significant growth compared to the rest of the cryptocurrency market. Leading the way were #WIF, #DOGE, #PEPE, and #SHIB.

🕯 Analysts explain the behavior of meme coins by noting that these projects rely not on complex technologies like #altcoins but on community, emotions, and the potential for quick profits.

📈 Experts predict that if #Bitcoin continues to rise, market conditions could align in such a way that a "meme coin supercycle" may occur, where their growth could far surpass #BTC in the short term.

#CryptoNews #Opinion

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🇪🇺 Representatives of the European Central Bank stated that #Bitcoin is the cause of division and growing poverty in society

The Director of Market Infrastructure Development, Ulrich Bindseil, and his advisor, Jürgen Schaaf, said that “the rise of Bitcoin leads to the impoverishment of those who do not own it.” ECB representatives called for the implementation of laws that would lead to the complete disappearance of digital gold. In their opinion, even with rising prices, only early technology enthusiasts will benefit, while those who learned about #BTC significantly later will end up paying for this enrichment.

Experts Ulrich and Jürgen also noted that the spread and rise in the value of Bitcoin will cause "discomfort and disappointment" for people who have not invested in the asset. In addition, elections were mentioned, where participants in the cryptocurrency market could influence the results, forcing politicians to fight for these votes, as seen in the U.S.

🤷‍♂️ Unfortunately, ECB representatives did not clarify whether they plan to ban entrepreneurial activity or property ownership, as, similar to Bitcoin, those who do not own them may experience impoverishment, discomfort, and disappointment.

#CryptoNews

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