‘uptober’ has arrived! A bullish month for bitcoin, if history repeats itself

2024 is coming to an end. The fourth quarter of the year is already among us. And investors in bitcoin (BTC) and cryptocurrencies are waiting to see what will happen. Many have good feelings. Reasons are not lacking. October has historically been, along with February, one of the most bullish months for bitcoin throughout its … Read more

What price could gold reach, according to UBS?

With the arrival of the price of gold to a new historical maximum last week, above 2,685 dollars (USD) per ounce, expectations about its continuity have grown. “We raise our forecasts for gold to USD 2,750 per ounce by the end of 2024,” he said in a report the Swiss investment bank UBS. This is … Read more

Binance lists EigenLayer amid uncertainty over its market launch

EIGEN received the seed tag from Binance, which warns of increased volatility and risks. The EIGEN token is not yet traded in the cryptocurrency market, but its arrival is predicted. Binance announced on its official blog the inclusion of EigenLayer (EIGEN) on its platform, with trading opening scheduled for October 1, 2024 at 05:00 UTC. … Read more

Chinese stocks soar to 2024 highs. What’s happening?

The Chinese government must maintain a delicate balance if it wants to avoid serious consequences. Globally, the “China effect” is already making an impact. China, the country with the largest gross domestic product (GDP) in the world and therefore a global economic power, faces a seemingly contradictory situation in its finances. On the one hand, … Read more

Various macroeconomic data will impact bitcoin and markets this week

This week will be full of different reports and events from the financial world that could influence investors’ operations. Therefore, depending on how they are perceived, it is possible to see their impact on the prices of assets, including bitcoin (BTC) and cryptocurrencies. First of all, A speech by Jerome Powell, president of the Federal … Read more

What will happen to bitcoin in October?

There is one day left until October begins. This is, along with February, one of the most historically bullish months for the price of bitcoin (BTC). Since 2013, bitcoin closed 9 Octobers with positive returns and only 2 slightly negative Octobers. The following graph, taken from the platform CoinGlassallows us to observe this historical behavior … Read more

Stablecoin launch boosts Ethena cryptocurrency

The Ethena cryptocurrency (ENA) has seen a notable bullish rally, with the price rising over 12% today and over 45% in the last seven days. Ethena (ENA) price currently stands at $0.4034, consolidating in a key resistance zone. A move above the $0.41 level could propel ENA to new heights, with some analysts forecasting an … Read more

FTX token soars due to refund expectations

FTT is a token that has been rendered useless after the bankruptcy of the exchange. At the time of this publication, FTT leads the cryptocurrency’s weekly rise. The price of cryptocurrency exchange FTX’s FTT token saw a 94% increase in a single day, rising from $1.39 to $2.70. This phenomenon is attributed to speculation and … Read more

“Any decline in bitcoin is now a buying opportunity”: Scott Melker

Exceeding USD 65,000 represents a new scenario on a technical level. For analyst Melker, the bullish phenomenon known as “uptober” is coming. According to the behavior that bitcoin (BTC) is showing, key months could be coming for its investors. This is what Scott Melker, the trader known as the wolf of all streets (the wolf … Read more

Coinbase reaffirms its optimistic view for bitcoin in the fourth quarter

For Coinbase, the positive effect of macroeconomic measures could be delayed. The bitcoin market is showing strength to start a month that is usually bullish. Bitcoin (BTC) is close to closing September on the rise, while it remains trading within the range of 65,000 dollars (USD). Thus, demand shows strength for the beginning of the … Read more