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Happy Tuesday Folks! Bitcoin is trading down at $36,277.15. Still higher than where it was a week ago but will it pull back further?
SUMMARY
Yesterday, a $XRP scam ad uses deepfake of Ripple CEO and the incorrect announcement that BlackRock was listing $XRP ETF created a crap storm of volatility for the asset.(3)
Today, On-chain data shows the Bitcoin sharks and whales have participated in a selloff of around $2.2 billion during the past week. Cryptocurrency exchange Bitfinex has warned investors to exercise caution in their trading strategies as bitcoin (BTC) has entered a higher volatility environment. Bitcoin bounces at $36.2K lows as CPI inflation slows beyond forecasts.(2)
Crypto trader and analyst Ali Martinez, known to the crypto community on the X social media app simply as Ali, has taken to the X platform to share that despite Bitcoin finding stable support at the $36,400 level, BTC may fail to hold there and break downward.(2) Macro guru Raoul Pal says that Ethereum (ETH) competitor Solana is not done rallying even after soaring in recent weeks. $6.7 billion Ark's Cathie Wood says Bitcoin and crypto to be worth $25 trillion by 2030.(2) Bitcoin set for $180,000 ascent, Crypto analyst Henrik Zeberg. $48K is now 'reasonable' BTC price target — DecenTrader's Filbfilb.
The crypto market eagerly anticipates the SEC's potential approval of a Bitcoin ETF, a move that could majorly transform the industry and Grayscale Investments CEO Michael Sonnenshein hints at this significant development, with analysts suggesting imminent SEC action.(2) Spot bitcoin exchange-traded-funds (ETFs), if approved in the U.S., will open cryptocurrency markets to new classes of investors, Coinbase said in a report on Monday.
Bitcoin miner Hut 8 Q3 net loss more than doubles as production slumps; the firm said it mined fewer coins due to a higher network difficulty, operational issues and the suspension of some operations.
Ethereum and Bitcoin hold steady as US inflation cools to 3.2%.
dYdX is working with Circle to give Noble users better access to USDC.(2) Tether credits USDT growth surge to ETF excitement, emerging markets.
Former FTX executives are teaming up to build a new Crypto exchange; former FTX general counsel Can Sun and ex-employees Armani Ferrante and Claire Zhang have unveiled the Backpack Exchange.(2) Crypto.com obtains license in Dubai to operate crypto exchange services.
Ripple CEO Brad Garlinghouse says Crypto industry ‘thawing’ after SEC gets put in check in US.
Fake filing for BlackRock XRP Trust caused brief price spike; then dump.(4) Delaware authorities reported the authors of fake BlackRock XRP filing to law enforcement.(2) Blockchain security firm SlowMist has recently revealed a scheme in which a swindler tried to hijack accounts on the crypto social network friend.tech posing as a journalist to trick users into downloading malicious files.
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