External news feeds 826/2352

Cryptoquant Insights Warn: Bitcoin’s MVRV Ratio Signals Bearish Turn 

The price of bitcoin (BTC) recently fell sharply due to unfavorable macroeconomic factors, with key support levels being tested once again. Analytics provided by Cryptoquant’s Institutional Insights report reveal that the market sentiment…

City of Santa Monica Bitcoin Office to Host Open-Source Bitcoin Festival In October

The City of Santa Monica's Bitcoin Office has announced a one-day Bitcoin open-source festival scheduled for October 18th, with the date subject to change. The event, held in partnership with the Proof of Workforce Foundation, aims to provide…

Plan B Predicts Bitcoin Still on Track to Hit $100K in 2024 Despite ‘Early’ Bull Market

The pseudonymous bitcoin analyst known as Plan B, known for his work on the “stock-to-flow” (S2F) bitcoin price model, believes bitcoin’s market may have entered a bullish phase prematurely. While he suggests that the market…

Experienced Ethereum ICO Investors Purchase Mpeppe at $0.00107, Here’s Why

The world of cryptocurrency investment is ever-evolving, with seasoned investors always on the lookout for the next big opportunity. Recently, Ethereum (ETH) ICO investors have been turning their attention to a new and promising player in the…

XRP Slowly Makes Its Way to $1 and Holders Spend Their Gains On New Cryptocurrency Mpeppe For Huge Profits

Ripple (XRP) is experiencing a significant resurgence in the crypto market, making a steady climb toward the $1 mark. Despite recent legal battles, including a hefty $125 million fine imposed by a judge, Ripple has managed to turn the tides in its…

US Bitcoin ETFs Soar With $192M Boost; Ethereum ETFs Record Modest Loss

The latest figures from U.S. spot bitcoin and ethereum exchange-traded funds (ETFs) reveal another contrasting shift. Bitcoin ETFs welcomed $192.56 million in inflows, while their ethereum counterparts saw around $2.87 million in net outflows…

Institutional Investor Sends $445 Million USDT To Exchanges, What Are They Buying?

Institutional investors have already shown how bullish they are on Bitcoin (BTC) and the broader cryptocurrency market, as they have continued to accumulate with USDT, especially during every dip. This bullish sentiment was again on display as this…

Stablecoin Economy Swells by $1.53B in 3 Days Amid Market Rebound

With a 5% upswing in the crypto economy over the past day, following a broad market recovery, the stablecoin economy has ballooned by $1.53 billion in just three days. A notable $750 million of that growth occurred within the last 24 hours alone…

Trump Suggests Presidents Should Weigh in on Fed Policies, Jabs at Powell’s Interest Rate Timing

On Thursday, at a press conference held at Mar-a-Lago, former President Donald Trump shared his thoughts with reporters, stating that the sitting president should have a voice in the U.S. Federal Reserve’s monetary policies. Trump targeted…