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Bitcoin Nears $62K as Crypto Rebounds on Jobs Report and Rate Cut Hopes

[Oct 4 2:20 PM] On Friday, the global crypto market saw a boost in value, with bitcoin (BTC) climbing 2.29%, approaching the $62,000 mark at 9:30 a.m. EDT. Ethereum (ETH) joined the upward trend, gaining a more modest 1.6%, pushing toward the $2,400 level. Bitcoin…

RIP Altcoin Seasons? Crypto Analyst Debates Whether They’ll Ever Return

[Oct 4 2:00 PM] In an analysis shared on X, crypto analyst Astronomer (@astronomer_zero) delves into the question that’s been looming over the crypto community in recents months: “Will we never have a proper altcoin season again?” As…

Whale sell-offs and token unlocks weigh on Bitcoin — 10x Research

[Oct 4 1:27 PM] Institutional inflows, while stabilizing, haven’t overcome whale sell-offs and massive token unlocks driving down Bitcoin prices.

U.S. Added Blowout 254K Jobs in September, Unemployment Rate Dips to 4.1%

[Oct 4 12:39 PM]

Analyst Says Bitcoin Crash Might Not Be Over, Why $60,365 Is Important

[Oct 4 12:30 PM] Crypto analyst Ali Martinez has suggested that the Bitcoin crash might not be over despite the relief rally to $61,000. The analyst highlighted the $60,365 price level as being important to avoid a potential crash to as low as $57,000. Bitcoin…

First Mover Americas: Bitcoin Bounces From $60K

[Oct 4 12:01 PM] The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 4, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Attention Bitcoin Bulls, China Stimulus May Have Lost Its Mojo

[Oct 4 11:27 AM] According to BCA Research, generating large bullish "credit impulses" is now a tough task for China.

Inflation, Dollar Shortage Fuel Stablecoin Use in Sub-Saharan Africa

[Oct 4 9:30 AM] Stablecoins are surging in popularity across Sub-Saharan Africa, accounting for 43% of crypto transactions compared to bitcoin’s 18.1%. This trend is driven by the instability of local currencies and limited access to US dollars. Businesses…

Bitcoin ETFs Register Net Outflows for Third Straight Day

[Oct 4 9:12 AM] Bitcoin and ether outflows from ETFs contribute to this week's weak crypto price action.

Bitcoin analysis sees BTC price gains on Coinbase premium golden cross

[Oct 4 9:09 AM] Bitcoin demand in the US is "strong," but can the Coinbase premium save BTC price action from further downside?

Polymarket Bettors Say HBO Documentary Will Name Len Sassaman as Satoshi Nakamoto

[Oct 4 9:05 AM] But bettors are also confident that this won't be the smoking gun

Bitcoin, Gold Could Benefit From Rising Geopolitical Tension and U.S. Election: JPMorgan

[Oct 4 8:17 AM] Geopolitical risk fueled by conflict in the Middle East and the upcoming U.S. election are likely to reinforce the debasement trade, to the benefit of both bitcoin and gold, the report said.

Bitcoin’s NVT Cross Signals a Local Top – Is a Major Correction Looming?

[Oct 4 8:00 AM] Bitcoin has been experiencing some interesting developments in its market indicators, and a recent analysis points to the NVT (Network Value to Transactions) Golden Cross signaling a potential short-term local top. According to a CryptoQuant…

Bitcoin Miner Selloff Is Calming Down: Green Sign For Rally To Continue?

[Oct 4 8:00 AM] On-chain data shows the Bitcoin miner exchange inflows have been dropping recently, a sign that may be bullish for the asset’s price. Bitcoin Miner Exchange Inflow Has Been Declining Recently As explained by CryptoQuant author Axel Adler Jr…

Bitcoin Set for Unusually Busy Weekend After Friday's Payrolls Data, Volatility Kink Indicates

[Oct 4 6:55 AM] BTC's implied volatility curve shows a noticeable kink on Oct. 5, signaling expectations for an unusually volatile Saturday.

Bitcoin’s Poor Start to Bullish October Continues, but There May Be Cheer Ahead for Bulls

[Oct 4 6:35 AM] Most gains come in the latter part of the month.

Bitcoin Price Dip Explained: Key Causes And Where To Expect A Bounce Back To $70,000

[Oct 4 6:30 AM] Bitcoin (BTC) recently appeared poised for significant upside momentum and has experienced a notable price correction. Following a two-month high of $66,500 last Friday, the cryptocurrency retraced approximately 6% in the past week to around…

Certik: Malicious Actors Stole $753 Million in Q3, Phishing Top Attack Vector

[Oct 4 6:30 AM] Malicious actors stole $753 million in the third quarter, with phishing being the most costly attack vector. The report emphasizes the need for stronger security measures and warns users to be cautious of phishing scams. Ethereum and Bitcoin…

Buying this Bitcoin dip is a ‘no-brainer’ — Hedge fund manager

[Oct 4 5:39 AM] Lekker Capital chief investment officer Quinn Thomspon says this week’s Bitcoin dip shows a “clear invalidation” when compared to previous price stumbles. 

‘Uptober’ mentions on social media plummet amid crypto rout

[Oct 4 3:34 AM] “Uptober” fever has been waning on social media as crypto markets shed $200 billion since the start of October, according to Santiment. 

Bitcoin Price Poised for Recovery: Will the Uptrend Resume?

[Oct 4 2:33 AM] Bitcoin price is consolidating above the $60,000 support. BTC seems to be eyeing a fresh increase above the $61,200 and $61,500 levels. Bitcoin is consolidating above the $60,000 support zone. The price is trading below $61,750 and the 100 hourly…

JPMorgan: Gold and Bitcoin Surge as Debasement Trade Gains Momentum

[Oct 4 1:30 AM] Global investment bank JPMorgan’s analysts have highlighted the growing impact of the “debasement trade” in boosting gold and bitcoin prices. Gold’s rise is linked to inflation, geopolitical instability, and waning trust in…

Crypto Capo Returns After 2 Months To Predict Ethereum Decline To $1,800, Is It Time To Go Long?

[Oct 3 11:00 PM] Popular crypto analyst Il Capo of Crypto has returned to social media platform X after over two months of hiatus to drop an interesting outlook for Bitcoin and Ethereum in the coming months in light of the recent correction since the beginning of…

IMF Urges El Salvador Again to Strengthen Regulatory Framework and Oversight of Bitcoin

[Oct 3 9:52 PM] The IMF has been asking El Salvador for changes regarding its bitcoin law since its adoption in 2021.

Is Crypto Losing Steam? Bitcoin And Ethereum Addresses Shrink In 2024

[Oct 3 9:30 PM] The cryptocurrency market is presently experiencing a substantial decline, as both Bitcoin and Ethereum have experienced a substantial decrease in active addresses. This trend, which has persisted throughout 2024, has triggered apprehension…

Director who identified QAnon authors says HBO doc will expose Satoshi

[Oct 3 9:02 PM] Cullen Hoback’s previous work brought the conspiracy theory group to light, but it remains to be seen if he’s truly unmasked the creator of Bitcoin.

Bullish Bitcoin traders switch sides and target new BTC lows under $60K

[Oct 3 9:00 PM] Traders agree that Bitcoin’s short-term price prospects are strongly angled toward the downside. 

Geopolitical tensions, US elections favor Bitcoin ‘debasement trade’: JPMorgan

[Oct 3 8:56 PM] If Donald Trump wins the United States presidential elections in November, the trend could accelerate, according to the report.

Bitcoin Dominance Nears 3-Year High Amid Altcoin Weakness; Aptos Outperforms as SUI Drops

[Oct 3 8:41 PM] Bitcoin held above the $60,000 key support level, while Ethereum's ETH fell to near its weakest level against BTC since mid-September.

HBO Documentary Claims to Reveal the True Identity of Bitcoin’s Creator Satoshi Nakamoto

[Oct 3 7:50 PM] According to a Politico report, a new HBO documentary claims to have cracked the mystery behind Bitcoin’s elusive creator, Satoshi Nakamoto. If this revelation gains traction, Politico’s Izabella Kaminska stated it could send ripples…