🎧 #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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Waiting?

💯 — $100,000 for #BTC by the end of autumn
🗿 — #Bitcoin will correct back to $60,000 again

#HotPicsFromX

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🌍 Weekly #CryptoDigest News:

🪙 BTC.D (Bitcoin Dominance over Altcoins) — 58.36%.

🧭 Fear and Greed Index — 72

🇺🇸 23.10 17:30 USD — Crude Oil Inventories. Previous value — 2,191M.

🇺🇸 24.10 15:30 USD — Initial Jobless Claims. Forecast — 243K. Previous value — 241K.

📌 The #BTC hash rate has reached 769.8 EH/s — this is an all-time high.

🇯🇵 Japanese politicians promise to reduce the cryptocurrency tax by 20%.

📈 Inflows into #Bitcoin #ETF have exceeded $20 billion in 10 months. It took gold 5 years to achieve the same results.

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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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#Analysis #BTC

🪙 #Bitcoin is consolidating in the retest zone of the $66,500 level, which serves as a support zone for buyers.

Possible scenarios for further price movements:

🕯 Consolidation with a breakout of the upper boundary at $67,941 and a return to the consolidation zone.

🔼 A more optimistic scenario — breaking the $67,941 level into LONG and moving toward the resistance level of $70,000.

this is not financial advice

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📌 Key points from #CoinDesk's analysis in the regular #HotPicsFromX column:

🕯 There is a correlation between the rise in gold prices and new #ATH for #BTC: for example, gold reached a record high in 2020, which subsequently led to #Bitcoin reaching new price peaks by the end of the same year.

📆 The same pattern is happening now — in the last seven trading days, inflows into #Gold-#ETF have reached record highs for the past two years. Once the growth in gold prices halts, investors may shift their focus to BTC.

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📌 Friday #CryptoDigest News:

🐳 Whale #Bitcoin holdings have reached an all-time high. Currently, they hold around 670,000 coins, and the number of wallets with a balance of over 100 #BTC has increased by nearly 300 addresses over the past two weeks.

🇺🇸 Yesterday, a wallet reportedly belonging to the U.S. government was hacked, resulting in the theft of confiscated assets worth $20 million.

🏎 #Tesla shares rose by 22% following the earnings report. Additionally, the company confirmed that all of its Bitcoins remain on the balance sheet, despite rumors.

📈 Funds continue to accumulate BTC; on Thursday, capital inflows to #ETF exceeded $188 million.

⚠️ Analysts warn: if #Bitcoin does not reach a new ATH by the end of November, it could signal serious issues in the current bull cycle.

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🪙 #Bernstein has published the "Black Book of Bitcoin"

The 160-page document contains reports on the structure of #BTC and its potential as an investment tool. According to analysts, institutional investors are increasingly less concerned with Bitcoin’s volatility and are waiting for decisive regulatory steps from governments, particularly the U.S., to significantly increase their investments in cryptocurrency.

📈 The authors also forecast that #Bitcoin will reach $200,000 by the end of next year, a prediction that aligns with most views within the industry.

#Opinion

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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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#Analysis #BTC

🪙 #Bitcoin broke the psychological level of $70,000, reaching a price of $71,587

📌 Consolidation with a breach at the $70,885 level

Trade:

📈 Opening LONG positions in the retest zone at $70,885

Take Profit - $71,600
Stop Loss (SL) - $70,820

not financial advice

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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

#Opinion

🪙 Analysts from #10XResearch predict $100,000 for #Bitcoin by January 2025

The company’s experts are confident that current market trends and upcoming events, such as the U.S. elections and a potential key rate cut, could lead #BTC to a sharp rise to the psychological mark of $100,000.

🕯 According to 10XResearch, based on the last 15 signals, the accuracy of their forecasting models is 86.7%. Meanwhile, Bitcoin is under pressure from whales who are taking profits near the #ATH, anticipating possible price fluctuations.

Waiting for January? 🚀

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📆 Today marks the 16th anniversary of the #Bitcoin White Paper. On this day, Satoshi Nakamoto introduced the legendary document that laid out the concept of decentralized digital currency, sparking a revolution in electronic payments and becoming the foundation for blockchain and cryptocurrency as a whole.

He also managed to unsettle traditional financial institutions—first with new technology, and now with #FOMO. It’s likely that Satoshi had long-term plans for #Bitcoin, and it seems no coincidence he chose October 31 for the publication 😄

#QuoteOfTheDay

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On #Halloween, let’s recall the price of #Bitcoin #BackInTheDay over the past 14 years 🎃

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📆 Friday's #CryptoDigest of news:

🪙 #Bitcoin has dropped below the support level of $70,000, presumably due to a sell-off in #Nasdaq and #S&P500 stocks triggered by statements from tech giants about increased AI investments. Total outflows from the stock market amounted to $953 billion.

⏰ Today, options contracts for #BTC and #ETH worth a total of $2.3 billion are set to expire, which may impact the short-term price movements of these assets.

🪙 #CanaryCapital has officially filed an application with the #SEC for a Solana-based ETF.

🕯 Inflows into spot Bitcoin #ETFs remain close to zero.

📌 The market is bracing for volatility due to today’s release of non-farm payroll data.

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📆 #EventOfTheDay: U.S. Elections

Tomorrow, November 5, one of the most significant events for the entire crypto market will take place: the U.S. presidential election. The publication of results is expected on November 6, and many experts agree that regardless of which candidate wins, #Bitcoin is likely to continue its growth.

📌 For instance, analysts at #SpotOnChain point out that historically, a bull market has often followed the election. In their view, regardless of whether Donald Trump or Kamala Harris wins, #BTC will set a new #ATH (all-time high) and reach $100,000 by the end of the year.

Meanwhile, betting platforms show improved odds for the Democratic candidate, with Harris’s chances rising to 44%, which may have contributed to recent market corrections.

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⚡️ #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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🪙 Historical trends of #BTC show that the market doesn’t care who wins the election — after U.S. elections, #Bitcoin has typically shown growth.

💯 — Growth will repeat
😢 — This cycle is different from previous ones

#BackInTheDay

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