IMF pressures El Salvador to overhaul Bitcoin regulations
According to the International Monetary Fund, El Salvador has a 3% annual GDP growth rate and roughly $144 million in outstanding loans. Go to Source
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Bitcoin investors in ‘better position’ as onchain metrics signal market shift — Glassnode
Despite this week’s sell-off, onchain and technical data highlight an encouraging shift in the Bitcoin market. Go to Source
Mass Liquidations Impact Over 100,000 Traders Amid Crypto Market Downturn
Bitcoin’s price briefly dipped to an intraday low of $59,860 shortly after 9 a.m. EDT on Oct. 3, 2024. As of 1 p.m., the cryptocurrency is trading above the $60,000 mark, though it continues to face challenges in maintaining this key psychological level. Crypto Market Sell-Off Drives Traders to Stablecoins At 1 p.m. EDT on … Read more
Grayscale launches Aave investment fund
The AAVE token has outperformed this year after tokenholders endorsed upgrades to its tokenomics. Go to Source
Focusing too much on Bitcoin Uptober is a ‘mistake,’ says crypto trader
A crypto trader opined that market participants should step back from the Bitcoin “Uptober” hype and look at the bigger picture. Go to Source
Bitcoin price dip below $60K sparks most exchange buying since 2022
Bitcoin exchanges see mass withdrawals amid a battle for BTC price support at $60,000. Go to Source
Ethereum traders pricing in ‘more extreme movements’ ahead of US election
Traders appear less confident in Ether’s ability to “weather” the upcoming macroeconomic events compared to Bitcoin, according to a crypto analyst. Go to Source
Bitcoin bull cycle outpaces historical patterns by 100 days: Report
CoinMarketCap’s new quarterly report indicates Bitcoin potentially entering a supercycle, DeFi losing to memecoins and more. Go to Source
Bitcoin’s Bullish Turnaround: New Investor Influx Key To Sustained Growth
Since early 2024, Bitcoin and Ethereum have experienced a decline in active addresses, a crucial metric for gauging market sentiment. For the bulls to regain control, an influx of new investors is essential. Current Market Snapshot: – Bitcoin active addresses: 1.17M (early 2024) → 855K – Ethereum active addresses: 382K (early 2024) → 312K Since … Read more
Uptober Off To A Rocky Start: Bitcoin And Ethereum Slide 4% Amid Geopolitical Tensions
October, notoriously known as “Uptober” among crypto enthusiasts, has kicked off on a sour note. Bitcoin and Ethereum plummeted over 4% each, with $BTC hitting $61,750 and $ETH tumbling to $2,495. Uptober has started with a drop, with bitcoin and Ethereum dropping over 4% each 📉$BTC hit $61,750, while $ETH fell to $2,495 👀 This … Read more
