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Bitcoin-related altcoins surge as BTC ETF rumors spread across the sector

Rumors of an imminent Bitcoin ETF approval are boosting sentiment and prices across the market, but caution is warranted, as it could turn into a buy-the-rumor, sell-the-news event.

Continue ReadingBitcoin-related altcoins surge as BTC ETF rumors spread across the sector

CME Bitcoin futures open interest hits 8-month high, greater than when BTC price was at $65K

Open Interest surged to $3.22 billion Thursday to levels not seen since February.

Continue ReadingCME Bitcoin futures open interest hits 8-month high, greater than when BTC price was at $65K

Elon Musk’s Tesla is already $1 billion in profit from holding Bitcoin

Tesla's Bitcoin stash is now worth $1 billion more than when Elon Musk approved the purchase in February.

Continue ReadingElon Musk’s Tesla is already $1 billion in profit from holding Bitcoin

Ethereum loses key support level as ETH price falls to two-month lows against Bitcoin

ETH/BTC dropped below its 200-day exponential moving average for the first time since March 2020, raising risks of more downside.

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Bitcoin’s $100K price target returns as BTC price breaks out of bull pennant

The bullish analogy appears as Bitcoin reserves across all the crypto exchanges fall to their lowest in the previous 12 months, suggesting holding sentiment among traders.

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Edward Snowden Calls CBDCs ‘Cryptofascist Currency’ — ‘Closer to Being a Perversion of Cryptocurrency’

On October 9, whistleblower and privacy advocate Edward Snowden published an opinion editorial concerning central bank digital currencies (CBDCs) and claimed CBDCs are “the newest danger cresting the public horizon.”…

Continue ReadingEdward Snowden Calls CBDCs ‘Cryptofascist Currency’ — ‘Closer to Being a Perversion of Cryptocurrency’