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Happy Monday Folks! Bitcoin is trading up at $34,543.26. Last week I asked if $31K was coming and if we knew then what we know now - how many of us would have sold the house to buy more Bitcoin? Now the question is as we end "Uptober" will the gains be scared away? I am still on travel so this might be the news of the day, I will try to get in and update a bit, news is so anemic in the early morning these days...
SUMMARY
Over the weekend the news continued to be quite bullish as more ETF talk continues.
End of ‘Uptober’ targets $40K BTC price — 5 things to know in Bitcoin this week (Cointelegraph):
- Countdown to the end of "Uptober"
- $20,000 BTC price dive "worst case scenario"
- FOMC rate move due as crypto ditches stocks correlation
- Bitcoin mining difficulty, hash rate top previous peaks
- Greed matches BTC price all-time highs
Bitcoin's (BTC) onchain activity suggests whales, or investors with ample capital supply and the ability to influence market trends, have been active during the cryptocurrency’s recent move above $35,000. Bitcoin has doubled this year and the bullish trend may continue unabated as key indicator shows no signs of overheating, according to IntoTheBlock. Bitcoin, the first and largest cryptocurrency by market capitalization, has just formed a golden cross. The last one was spotted in early February. A massive amount of 19,197 BTC worth $652 million recently made its way out of Binance all at once, triggering a curious reaction from Bitcoin investors. Bitcoin options market positioning and BTC’s daily chart suggest another bull move could be in the making. Bitcoin (BTC) surged by over 25% in October, and the report suggests that there is a high probability of the trend continuing in November.
Gary Gensler’s Bitcoin ETF position is ‘inconsistent’… says Gary Gensler. Kweks, (not his real name) crowdfunded over $1,700 in Bitcoin (0.0018 BTC) to cover the costs of the hike, which doubled up as an announcement for a new Bitcoin education academy in Tanzania.
Over three million NFTs have been minted on XRP Ledger, according to Bithomp statistics. Dogecoin shows two signs it is ready for breakout.
USDT has seen a significant surge in adoption in Brazil, accounting for 80% of all cryptocurrency transactions in the country so far in 2023.
CME on the cusp of replacing Binance as top Bitcoin futures exchange.(5) Kraken will share data of 42,000 users with IRS.
The Wall Street Journal corrected its misreporting about crypto funding Hamas, but it was too late to stop lawmakers from amplifying false claims.
Terraform Labs and its co-founder, Do Kwon, are asking a federal judge to side with them in the U.S. Securities and Exchange Commission (SEC) fraud case, arguing that the regulator hasn't managed to prove the crypto company was offering securities.
Crypto investors claiming “my coins disappeared suddenly” have been found to recently download crypto applications from unverified sources.
WATCH
LISTEN
Podcasts of the Day:
- Super Bullish: Raoul Pal Deciphers Bitcoin's Surge & Crypto's Economic Takeover! | TWOAS
- Bitcoin and Freedom | The Breakdown
