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Welcome to Thursday Folks! The miners are feeling the misery of this Crypto Winter as Iris Energy says its bad debt is contained; for now. Remember China and how they hate Bitcoin, well maybe not - appears they own more $BTC than MicroStrategy! IMHO, Ripple will win their case against the SEC and it only has been what almost 2 years of litigation?
Bitcoin saw little affect by the Fed's interest rate hike yesterday but the date to really watch is Nov 10th when the CPI data comes out. Accumulation continues as Bitcoin struggles to remain above $20K once again and the sellers seem exhausted indicating once again this could be the bottom. That said, Bitcoin will not hit $100K anytime soon but the stablecoins are flowing toward the exchanges so some price appreciation might be in the works.
Podcast of the Day: Building The Next Layers Of Bitcoin w/ John Carvalho (Bitcoin Magazine)
READ
TRENDING
- Fidelity turns its attention to retail investors with new crypto offering (TB | CryptoPotato | Cointelegraph | UToday | Bitcoinist | Coindesk)
- Amicus Briefs Are Boosting Ripple’s Case and Weakening SEC’s Arguments in XRP Lawsuit, Says Crypto Legal Expert (Bitcoinist | TDH | Cointelegraph | BIC)
- Bitcoin Miner Iris Energy Says its Bad Debt Contained in ‘Rotten Arms’ (Blockworks | Coindesk)
CRYPTO MARKET
- Public.com plans global rollout of trading tools, including crypto (TB)
- Chinese Gov Bitcoin Holdings Outrank MicroStrategy Despite Crypto Ban (BIC | ZyCrypto)
BITCOIN
Price
- Bitcoin Little Affected by Fed Interest Rate Hike (Coindesk | Bitcoinist)
- Bitcoin After The FOMC Dust Settled: Nov 10th is Crucial CPI Data (Bitcoinist)
- BTC Markets Entering a New Phase in Potential Accumulation Season (Coindesk)
- Bitcoin seller exhaustion hits 4-year low in 'typical' bear market move (Cointelegraph)
- Bitcoin Will Not Touch $100k Anytime Soon Says Economist Mohamed El-Erian [Known Bitcoin Bear] (NewsBTC)
- Record inflow of stablecoins flood spot exchanges; Is a Bitcoin rally imminent? (Finbold)
- Bitcoin fails to act as inflation hedge in 2022 despite expectations, study shows (Finbold)
- Bitcoin holds $20K post-Fed as rising dollar sparks BTC price warning (Cointelegraph)
Mining
- Bitcoin Miners Struggling to Survive As Mining Difficulty Hits All-Time Highs (BIC)
- Crypto Miner Marathon Digital Mines Record 615 Bitcoin in October (Coindesk | Bitcoinist)
ETHEREUM
- Ethereum Price Extended Losses But It’s Too Early to Say Bulls Have Given Up (NewsBTC)
- What to Expect From Ethereum’s Next Big Upgrade (Coindesk)
- Ethereum (ETH) Price Struggles At $1,540; Is $1,700 Still Realistic For Bulls? (NewsBTC)
- Ethereum Must Hold $1,500 Or Risk A Decline To $1,300 (NewsBTC)
BNB
- BNB Chain cools off after 24% surge, but strong fundamentals could back the next BNB rally (Cointelegraph)
XRP
- XRP Records 1,500% Volume Spike, What's Going On? (UToday)
- XRP forms 4th straight weekly red candle after brief bullish recovery (Finbold)
DOGE
- Altcoin That’s Exploded 170% in Seven Days Has Room for More Growth, Says Crypto Analytics Firm Santiment (TDH)
- Dogecoin Above 200-Day Moving Average by Most Since June 2021 (Coindesk)
- Large Dogecoin Holders Take Advantage Of Price Recovery To Dump Their Bags (Bitcoinist)
- Data shows 340,000 addresses bought 64 billion DOGE at this price forming ‘stable support floor’ (Finbold)
- Elon Musk Is the Largest Dogecoin (DOGE) Holder, Claims On-Chain Analyst (BIC)
- Dogecoin (DOGE) and Shiba Inu (SHIB) Price Prediction: Building Strength for a Rally (BIC)
CARDANO
- Deep learning algorithm predicts Cardano to trade above $0.50 by November 30, 2022 (Finbold)
- $ADA: South Korean ‘Crypto Bank’ About To List Cardano and Launch Staking Service (Cryptoglobe)
SOLANA
- Solana SOL Price Rebounds 4% Following Instagram, Facebook NFT Wallet Support (BIC)
LEGISLATION/REGULATION
- Analyzing What's Next for Europe's Markets in Crypto Assets Law (Coindesk)
- Saying ‘not financial advice’ won’t keep you out of jail: Crypto lawyers (Cointelegraph)
- Coinbase Says American Crypto Industry Depends on U.S. Treasury To Act on Regulation (TDH)
LEGAL BATTLES
- SEC chair highlights crypto enforcement cases to legal experts (Cointelegraph)
ATTACKS/HACKS/SCAMS
- Skyward Finance suffers $3 million exploit on Near Protocol (TB)
WATCH
LISTEN
- Nov 2: The FED’s Interesting Timing (Decrypt Daily)
- Read_670 - Capital Misallocation, Bitcoin Fixes this - Part 2 [Steven Lubka] (Bitcoin Audible)