Bitcoin could hit a long-term low after October ends. The pullback to 60,000 is not a surprise, for Ng. Beyond the bullish expectations that abound about bitcoin (BTC) for October, there are factors that still show headwinds. “Investor eyes are eagerly set on October or, as it is known among cryptocurrency circles, uptober”, indicates financial … Read more
Bitcoin is in the Central American country a reflection of optimism and freedom in uncertain times. The digital currency empowers communities, offering alternatives to the Costa Rican population. The expression “Pura Vida”, probably the most used by Costa Ricans, is increasingly being linked to bitcoin (BTC). This is stated by Estela Aguilar, a member of … Read more
Bitcoin is trading at USD 61,000, affected by the outflow in ETFs and the war in the Middle East. The outflow of capital broke the streak of million-dollar inflows that extended for 8 consecutive days. Bitcoin (BTC) remains at $61,000 this Wednesday, after a day marked by a significant outflow of capital from exchange-traded funds … Read more
“We are talking about Bitcoin (BTC), which is an issue in which El Salvador is being a pioneer,” said Victoria Villarruel, vice president of Argentina and president of the nation’s Senate, today after receiving the Salvadoran president, Nayib Bukele. The Salvadoran president visited Congress, on his second day of an official visit to Argentina, when … Read more
The hash rate that measures the computing power of the Bitcoin network grew 2% compared to last month. The statistics linked to BTC mining indicate a complex moment for this activity. The Bitcoin (BTC) mining industry is going through a complex period, with profitability falling for the third consecutive month in September, according to a … Read more
Bitcoin behaves as a “risk asset”, but has rapid recoveries. The price of oil skyrockets due to the possibility of greater shortages. October started “on the wrong foot.” A few hours into the tenth month of the year, war conflicts in the Middle East, Russia and Ukraine escalate to new heights. There are even those … Read more
October is historically one of the most bullish months for bitcoin, along with February. For this reason it has earned the nickname ‘uptober‘ (play on words in English that can be translated as “bullish October”). The following graph, taken from the platform CoinGlassshows that, since 2013, bitcoin had 9 positive Octobers and only 2 slightly … Read more
Compared to Monday, the price of BTC has fallen 2.50%. In contrast, the price of oil rebounded upwards in the midst of the war in the Middle East. The price of bitcoin (BTC) fluctuates near $61,900. Just 24 hours ago, the digital currency was trading for $64,000. The decline is directly linked to the escalation … Read more
Metaplanet, an investment firm from Japan, dubbed the “Japanese MicroStrategy” for its bitcoin (BTC) investment strategy, announced the acquisition of 107.9 BTC. This purchase, detailed in a disclosure document on Tuesday, October 1, adds approximately $6.9 million to your total investment in the digital currency. To date, Metaplanet has accumulated 506.74 bitcoinwhich represents an investment … Read more
The bitcoin (BTC) market has experienced notable dynamics in recent days. There was an 8-day streak of positive net inflows into BTC spot exchange-traded funds (ETFs) that has directly influenced the buying pressure in the market. This phenomenon has been consolidated since September 19, 2024, with the price of bitcoin remaining firmly above $63,500. Monday, … Read more