Thanks to a significant reduction in transaction fees on the TRON (TRX) network, buying mining equipment is now much more profitable.
This is a great time to buy equipment β start mining and take advantage of low commissions!
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On September 26, digital gold quotes crossed the $66,000 mark.
The first cryptocurrency did not hold the achieved level and traded in the range of ~$65,500-65,900 in the following days.
The largest digital assets ended the week in the green zone.
On September 28, Binance co-founder and ex-CEO Changpeng Zhao (CZ) was released two days ahead of the expiration of his detention.
The entrepreneur was serving a four-month prison sentence on charges of money laundering and other illegal activities. As part of a settlement with the U.S. Justice Department, he agreed to pay a $50 million fine and step down as CEO of the exchange.
On September 26, the team of the Hamster Kombat game project began distributing the HMSTR token among 131 million users.
At the same time, major cryptocurrency exchanges including Binance, OKX and Bybit launched spot trading of the coin.
TON developers expected an increased load on the network due to the airdrop. As a result, Wallet and Tonkeeper wallets and some Binance users experienced problems amid HMSTR listing on the platforms.
In another recalculation, the mining complexity of the first cryptocurrency has decreased by 4.6% to 88.4T.
The average hashrate for the period since the previous value change amounted to 740.3 EH/s, the interval between blocks - eight minutes and 24 seconds.
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This is especially surprising considering that the cryptocurrency usually loses about 3.48% in value in early fall, and in 2014 and 2019, the decline exceeded 10%.
The βFear and Greed Indexβ also looks unusually active, reaching the 61 mark, indicating that βgreedβ is prevalent in the market.
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Exchanges are experiencing a shortage in the amount of Bitcoin supply, which may affect the price of the main cryptocurrency.
In addition, it is also profitable to mine Bitcoin right now for several key reasons:
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PlanB analyst put forward such a scenario:
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The strategy of putting aside 10% of your monthly paycheck into bitcoins (using the example of an average American family receiving payments 2 times a month)
You can get even more passive profits by starting to mine Bitcoin right now!
π Start with $100 and begin mining cryptocurrency in one click!
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Especially for our users, we have prepared a calendar of important events for the month.
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Bitwise has applied to register a spot XRP-ETF
Digital asset manager Bitwise has applied to launch an XRP-based spot exchange-traded fund. The firm promised to provide details at a later date.
βΉοΈ The SEC's legal battle against Ripple regarding XRP's status has been ongoing since December 2020.
In July 2023, the fintech firm won a partial victory. The court ruled that programmatic sales and other distributions of the token do not constitute an offer and sale of investment contracts.
On October 9, a new HBO documentary will be released to reveal the identity of bitcoin creator Satoshi Nakamoto.
The film, titled Money Electric: The Bitcoin Mystery, was directed by Cullen Hoback. His previous work - Q: Into the Storm - exposed the QAnon conspiracy theory prevalent in the US.
The fortune of Binance co-founder and ex-CEO Changpeng Zhao (CZ) increased by about $3 billion during his prison sentence, according to a Forbes estimate.
That means the entrepreneur βearnedβ roughly $25 million for every 24 hours of his 117-day sentence.
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In the third quarter of 2024, the value of bitcoin rose by 2.5%, despite large sell-offs by governments in various countries and payouts to customers of bankrupt crypto exchanges.
All things considered, bitcoin remains the best performing asset in 2024
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According to Ecoinometrics, Nvidia shares have a higher RAROC than bitcoin, while Meta securities and gold have moved closer to the cryptocurrency in terms of risk-adjusted return on investment.
However, things could change in October as historically this is a high-yielding month!
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Usually BTC reaches ATH in 518-546 days after halving. This time, the cryptocurrency is ahead of the βtraditionalβ dynamics for 100 days.
This is stated in the CoinMarketCap report for the third quarter.
This could be both an anomaly and the beginning of a long-term change in market behavior and a potential entry into the βsupercycleβ phase.
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Investment company BlackRock sees bitcoin as a new asset class that deserves attention not as a risky instrument, but as a means of capital protection.
According to the company's analysts, the largest cryptocurrency can play a key role in the face of weakening traditional banking systems, depreciating fiat currencies and growing geopolitical instability.
Despite this, Ethereum continues to expand the capabilities of blockchain technology, making it an important element in the development of decentralized applications and services.
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We have hidden one of the famous terms that every crypto enthusiast uses. Your task: write your guess about what word was hidden!
To simplify this puzzle, we are ready to give you a hint:
π Write your options in the comments! Let's figure it out together!
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β¨ US inflation exceeded expectations, HBO's named bitcoin creator Peter Todd denied the allegation, Crypto.com filed a lawsuit against the SEC in response to Wells' notice and other events of the past week.
π Bitcoin price tested the $65,000 level.
The former cryptocurrency started the week with a rise to $64,000 before going into a correction and failing the psychological milestone of $60,000 on Thursday, October 10.
After recovering, digital gold tested the $63,000 mark.
πΊπΈ U.S. inflation exceeded expectations.
At the end of September, annual inflation in the U.S. amounted to 2.4% compared to 2.5% a month ago. The index exceeded market expectations of 2.3%.
On a monthly basis, the consumer price index increased by 0.2%, the same as in August. The consensus forecast called for a 0.1% increase.
β‘οΈ HBO's named bitcoin creator Peter Todd refuted the claim.
In the documentary Money Electric: The Bitcoin Mystery on the HBO television network, Peter Todd was named as the creator of bitcoin. The programmer denied it.
The director of the picture was Cullen Hoback. His previous work - Q: Into the Storm - is devoted to exposing the popular in the U.S. conspiracy theory QAnon.
The former cryptocurrency started the week with a rise to $64,000 before going into a correction and failing the psychological milestone of $60,000 on Thursday, October 10.
After recovering, digital gold tested the $63,000 mark.
At the end of September, annual inflation in the U.S. amounted to 2.4% compared to 2.5% a month ago. The index exceeded market expectations of 2.3%.
On a monthly basis, the consumer price index increased by 0.2%, the same as in August. The consensus forecast called for a 0.1% increase.
In the documentary Money Electric: The Bitcoin Mystery on the HBO television network, Peter Todd was named as the creator of bitcoin. The programmer denied it.
"I am not Satoshi," he wrote briefly.
The director of the picture was Cullen Hoback. His previous work - Q: Into the Storm - is devoted to exposing the popular in the U.S. conspiracy theory QAnon.
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π Cryptocurrency has more potential than stocks, real estate.
Investors in the United States view cryptocurrencies as having more growth potential than traditional investment vehicles such as stocks, bonds and real estate.
β‘οΈ 73% of cryptocurrency users in the United States plan to continue investing in 2025.
β‘οΈ Survey participants with household incomes of $175,000 to $200,000 or more indicated an 82% likelihood of investing in cryptocurrency in 2025.
β‘οΈ Users see more growth potential in cryptocurrency than in stocks or real estate
While others may be chasing the next big coin , many see cryptocurrency as a viable option alongside traditional assets.
π Start with $100 and begin mining cryptocurrency in one click!
π Necessary links
Investors in the United States view cryptocurrencies as having more growth potential than traditional investment vehicles such as stocks, bonds and real estate.
While others may be chasing the next big coin , many see cryptocurrency as a viable option alongside traditional assets.
π Start with $100 and begin mining cryptocurrency in one click!
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Analysts pointed to the increased chances of Republican representative Donald Trump, who has increased his lead over Democratic speaker Kamala Harris. The former is more favorable to digital assets, they added.
Market accelerates amid positive news around the world!
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According to experts, the reason for this will be the interest of institutional investors in cryptocurrencies and economic uncertainty.
π MatrixPort predicts that if the global adoption rate of digital assets exceeds 8% in 2025, it will signal the transition of cryptocurrencies from a niche market to mainstream financial systems.
Amid the global easing of restrictions on buying and selling digital assets, approximately 7.51% of the world's population have become regular users of cryptocurrencies.
The acceptance of BTC as a global asset could lead to a significant increase in its value in the future.
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Write your variants in the comments!
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Analysts note that Bitcoin investors with "long-term time horizons" have benefited from holding the asset for long periods of time.
"Instead of "when" it is better to ask "for how long?" Historically, investors who bought and held bitcoins for at least 5 years have profited regardless of when they made their purchases."
Start mining Bitcoin now and earn passive income!
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The first cryptocurrency started the week below $63,000, but already tested the $66,000 mark on Monday, October 14. The next day, digital gold approached $68,000, and on October 16, it crossed this milestone.
At the time of writing, bitcoin is trading at $68,600.
Crypto investment company Canary Capital has filed an S-1 application with the SEC to register a spot Litecoin-ETF. The custodian and product administrator were not specified.
βLitecoin plays a leading role in the broader cryptocurrency ecosystem [...] and is attractive to a wider range of institutional investors,β the filing said.
Bloomberg analyst James Seyffarth noted the similarities between LTC and bitcoin in terms of oversight.
The potential return of Donald Trump to the presidency of the United States and the need for insurance against economic instability form a favorable outlook for bitcoin in 2025. This was stated in JPMorgan.
According to analysts, speculative institutional investors may consider gold and the first cryptocurrency, but not Ethereum, amid rising geopolitical tensions and the upcoming US election.
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Matrixport analysts recognized their own February forecast of bitcoin reaching $70,000 by the end of the year as βtoo conservativeβ. The price has the potential to break that mark amid the US election.
βDonald Trump's potential return to the US presidency in 2025 could have significant implications for various sectors of the economy, including cryptocurrencies such as bitcoin,β they suggest
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