October – DIGIT INFO

NFTs hit $562M in monthly sales volumes, recording six-month high

DIGIT — Sun, 01 Dec 2024 09:41:27 +0000

NFTs had a monthly sales volume of over $562 million in November, surpassing October’s record of $356 million.

‘Uptober’ mentions on social media plummet amid crypto rout

DIGIT — Fri, 04 Oct 2024 03:34:48 +0000

“Uptober” fever has been waning on social media as crypto markets shed $200 billion since the start of October, according to Santiment.

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October Historically Is A Good Month For Cryptocurrency Market, Here’s Why You Should Buy In Now

DIGIT — Wed, 27 Sep 2023 10:15:29 +0000

October has historically been a good month for Bitcoin and the cryptocurrency market. In the past five years, Bitcoin has averaged a gain of 18.6% in October. The overall cryptocurrency market has also performed well in October, with an average gain of 16.7%. Why October Is Always A Good Month For The Crypto Market There are a few reasons why October may be a good month for Bitcoin and the cryptocurrency market. First, it is typically a month with low volatility. This means that there is less risk of large price swings, which can make it a more attractive time

The post October Historically Is A Good Month For Cryptocurrency Market, Here’s Why You Should Buy In Now appeared first on The Merkle News.

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Commodity Strategist Mike McGlone Says BTC, ETH Appear to Have ‘Completed the Bulk of Their Drawdown’

DIGIT — Tue, 08 Nov 2022 23:00:44 +0000

Bloomberg Intelligence senior commodity analyst, Mike McGlone, recently wrote that “cryptos could regain [an] edge” when he discussed bitcoin and ethereum in a report published on Bloomberg’s terminal on Nov. 3, 2022. McGlone detailed that volatility in bitcoin and ethereum has dropped to low levels in comparison to traditional assets, and this trend could “tilt […]

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Barely halfway and October’s the ‘biggest month’ in crypto hacks: Chainalysis

DIGIT — Thu, 13 Oct 2022 06:04:26 +0000

While 2021 was the biggest year on record for crypto hacks, 2022 could “likely” beat the record “at this rate” according to Chainalysis.

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Bitcoin Price Outlook for October — Strong Dollar and Fed Rate Hike Gives Bears the Advantage

DIGIT — Mon, 10 Oct 2022 20:30:06 +0000

Ten days into October, and ahead of this Wednesday’s U.S. inflation report, bitcoin prices fell to a one-week low. Prices of the world’s leading crypto asset were mostly in the red during September, trading below $20,000 for the majority of the month. As of writing, bitcoin continues to hover at these lows, with many traders […]

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Mike McGlone Says Gold Price Is ‘Firming’ — Commodity Strategist Insists BTC, ETH Will ‘Outperform Most Major Assets’

DIGIT — Thu, 06 Oct 2022 16:30:52 +0000

Over the last two days, Bloomberg Intelligence commodity analyst Mike McGlone published the firm’s commodity and crypto outlook reports, and McGlone’s latest analysis details that the price of gold could resume its rally after a foundation similar to 1999 is constructed. Moreover, as far as bitcoin and ethereum are concerned, the analyst argues that the […]

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Historical Bitcoin Price Trends Are Traditionally Bearish in September, While BTC Market Revivals Follow in October

DIGIT — Sat, 17 Sep 2022 17:30:49 +0000

Half of September has passed and bitcoin traders are curious about where the price is headed next, as September is traditionally a bearish month for crypto prices. Furthermore, October is known to be a bullish month as bitcoin has been profitable in October more than 77% of the time. Data shows the leading crypto asset’s […]

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Big Miners and Holders Keep Accumulating Bitcoin: Kraken’s ‘Shocktober’ Report

DIGIT — Fri, 29 Oct 2021 20:30:34 +0000

Mining operators and holders keep accumulating Bitcoin, according to the latest Kraken intelligence report, titled “Shocktober.” In the report, several metrics allude to a bullish view for the months to come. In contrast, mining pool contributors and small miners have taken profits, these being more prone to sell due to market movements. ‘Shocktober’ Report Paints […]

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October’s Historical Bitcoin Price Trend Extends Hope for a Renewed Bull Run to End the Year

DIGIT — Sat, 02 Oct 2021 13:30:49 +0000

Bitcoin logged price losses once again for the crypto asset’s fifth consecutive September in its lifetime, but as soon as the month ended, billions of dollars came back into the crypto economy. Metrics show that while September has consistently been a bad month for bitcoin, October, on the other hand, has traditionally been a good […]

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