🔽 #Bitcoin is falling, with the price dropping to $60,000 at the moment

In addition to the influence of conflicts in the Middle East, #CryptoQuant associates the drop in #BTC’s price with a long squeeze in the perpetual contracts market and institutional investors’ caution.

🕯 Funds are anticipating a key interest rate hike by the Bank of Japan due to the party’s decision to elect Shigeru Ishiba, a proponent of strict monetary policy, as the new Prime Minister, which could lead to a repeat of the cascading unwinding of carry trade positions.

A similar situation at the end of July caused Bitcoin to fall from $70,000 to $49,000.

#CryptoNews

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😱 The market drop has pushed the Fear and Greed Index back to 42 — fear

Positions worth more than $523 million have been liquidated, but #QCPCapital believes that the main trigger for the market decline — the situation in the Middle East — is temporary, and market participants are still willing to invest in high-risk assets.

🇨🇳 The key argument for their position is that the measures announced by China to stimulate its economy will fuel bullish sentiment. Moreover, the cycle of interest rate cuts by the US Federal Reserve will continue to support demand for cryptocurrencies until 2025.

#Opinion #CryptoNews

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🔽 The price of #BTC has briefly dropped below $60,000

However, major investors continue to make optimistic forecasts. For example, according to #StandardChartered, the current decline is due to widespread profit-taking, and this temporary correction is seen as the most favorable moment to buy Bitcoin.

🪙 The bank’s experts expect "digital gold" to rise to $100,000 in the coming months.

#CryptoNews #Opinion

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⚠️ China has refrained from further economic stimulus in the amount of $140 billion, which was previously announced

Amid expectations of stimulus measures, the country’s stock market rose by 34% in just three weeks, but after the #PBOC's statement that the measures are purely short-term, the Chinese index #HSI fell by 7%.

Now experts expect #China's economic growth to slow down next year, leading to pessimistic sentiments among large investors. Negative factors also affected the price of #BTC, preventing it from holding at the $64,000 level.

#CryptoNews

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🪙 The world should not know who created #Bitcoin

Very soon, the #HBO channel will reveal the identity of #SatoshiNakamoto, but most representatives of the crypto industry oppose the de-anonymization of Bitcoin's creator.

There are at least five compelling reasons for this:

📌 Safety.
Revealing the identity could put the creator of digital gold in serious danger. He could likely become a target for hackers, governments, and criminal organizations.

🔗 Neutrality of Bitcoin.
The decentralized nature of BTC is supported not only by algorithms but also by the information silence of its creator. This approach prevents events, scandals, or ideologies from influencing the development of Bitcoin. In fact, at this moment, no individual can influence #BTC.

🕯 Market stability.
Any news about Satoshi Nakamoto could trigger a surge in the cryptocurrency market, from speculations on one-day meme coins to critical statements or actions that could crash prices.

💬 Legal consequences.
The creator of Bitcoin is likely to face legal claims from states and regulators. BTC could be deemed an illegally issued security with a vested interest.

🔽 Economic risks.
There are strong grounds to believe that Nakamoto holds the largest amount of Bitcoins. His de-anonymization and the potential movement of assets could lead to significant destabilization of financial markets.

Crypto enthusiasts around the world emphasize that the right to anonymity is a fundamental principle of cryptography, and revealing identity violates an individual's right to privacy. Among those supporting the secrecy of Satoshi's identity are prominent industry figures such as Adam Back, Lark Davis, and Anthony Pompliano.

What do you think about the de-anonymization of #Satoshi? 🧐

#CryptoNews

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⚡️ 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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🕯 While the market is falling, traders are betting on the rise of #BTC

Options traders on #Bitcoin are mainly betting on the coin’s price rising to $80,000 after November 8 — the conclusion of the elections and the Federal Reserve meeting, where the new rate is expected to be announced.

The market estimates Donald Trump’s victory at 63.5% and the probability of a rate cut at 87%. Both of these events carry bullish potential for cryptocurrencies. Additionally, the possible resignation of Gary Gensler — the head of the #SEC, whose stance on digital assets is considered ineffective not only by industry representatives but even by the U.S. Congress — adds to the positive sentiment.

#CryptoNews

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⚡️ #Bitcoin has reached $71,000

In yesterday's trading session, spot #BTC-#ETFs attracted $479 million, with #BlackRock accounting for $315 million of that.

📈 Bitcoin is now only a few percentage points away from reaching a new #ATH. For comparison, other top-100 coins are still far from their all-time highs:

- XRP: 550%
- DOGE: 345%
- ETH: 86%
- TON: 63%
- SOL: 43%
- TRX: 41%

🧭 The Fear and Greed Index remains in the 72 zone — the greed zone.

#CryptoNews

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🕯 Funds are investing in #Bitcoin, while #Tether prints money

While #BTC was climbing towards its price peaks in an attempt to break through the #ATH, and all BTC holders were in profit, according to #IntoTheBlock, two more events added fuel to the market:

🔼 Spot #ETFs on digital gold brought in $870 million in yesterday's session, marking the third-largest inflow since the instrument's launch.

🪙 The issuer of #USDT released another 1 billion coins on the #TRON blockchain.

Meanwhile, Bitcoin dominance has reached 60%, and experts anticipate an upcoming market shift toward altcoins. However, this is likely only after a new potential BTC growth trigger, driven by a key interest rate cut in the U.S., expected as soon as November 7, with a 98% market expectation.

#CryptoNews

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🧭 The Fear and Greed Index has reached a value of 77 — extreme greed

This may indicate an overheated market and an increased likelihood of a correction. Additionally, according to the #DCA investment strategy, selling some assets during periods of market greed can help reduce the risk of losses, which may put some pressure on #BTC.

🪙 Meanwhile, analysts attribute yesterday’s growth not only to record inflows into #ETFs over the past six months but also to a short squeeze. Liquidations of shorts on #Bitcoin alone amounted to $115 million.

Which direction are we headed?

😢 — Correction
😎 — Break #ATH

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#CryptoNews

⚡️ #BTC Mining Difficulty Hits All-Time High

The metric has risen above 101.6T, causing calculation algorithm failures on some analytics platforms, as such high values were not anticipated in their design.

🕯 Meanwhile, spot #Bitcoin-#ETFs faced a record outflow of $540.9 million one day before the elections. The only ETF with a positive inflow was #BlackRock, recording $38.6 million.

#CryptoNews

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