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“# 3 warning signs suggest the Bitcoin price rally is overextended ” Bitcoin (BTC) faced fresh doubts over the strength of its bull run on Oct. 7 as analysts eyed a potential reversal of Wednesday’s short squeeze. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Funding rates in the red zone Data from Cointelegraph Markets Pro…
“# Russia aims to limit crypto purchases by non-accredited investors ” Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, argued that Russia needs to adopt new laws to protect retail investors from the potential losses of investing in crypto, local news agency Interfax reported on Wednesday. To this end, lawmakers in the…
“# Price spike: Are whales front-running the approval of a Bitcoin futures ETF? ” A surge in Bitcoin prices today may be in response to increased speculation that an exchange-traded product could finally be approved in the coming weeks. BTC prices are up 7% over the past 24 hours and have surged a whopping 32%…
“# Riot Blockchain tripled production this year and is hoarding $194M in Bitcoin ” U.S.-based publicly listed mining firm Riot Blockchain has revealed that its year-to-date Bitcoin production has more than tripled compared to 2020. According to a Oct. 6 announcement, Riot has mined 2,457 BTC (roughly $135 million) during 2021 so far — a…
“# Price analysis 10/6: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LUNA, UNI ” Bitcoin (BTC) skyrocketed above the $1 trillion market capitalization today, pulling the total crypto market capitalization close to $2.3 trillion. This marks a complete 100% recovery from the June 22 lows when the total crypto market capitalization had plunged to about…
“# Bitcoin’s $50K resistance to become support in Q4 — Bloomberg commodity strategist ” Bitcoin’s (BTC) meteoric rise above $50,000 this week is likely to continue well into the fourth quarter, as the psychological resistance flips to support during the next leg of the bull market, according to Bloomberg’s senior commodity strategist Mike McGlone. On…
“# Bitcoin returns to $1T asset as BTC price blasts to $55K ” Bitcoin (BTC) surged even higher on Oct. 6 as spot price saw a sudden surge upward to over $55,000, its highest since May 12. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Bitcoin fully cancels out China mining rout Data from Cointelegraph Markets…
“# UAE crypto exchange BitOasis raises $30M to expand in MENA ” Dubai-based cryptocurrency trading platform BitOasis is expanding in the Middle East and North Africa (MENA) with another major funding round. BitOasis closed a $30-million Series B funding round led by Chicago-based venture capital firm Jump Capital and Dubai-based VC company Wamda Capital, according…
“# ‘Large pump’ coming to Bitcoin, hints BTC price metric — But maybe not until December ” Bitcoin (BTC) should see a “large” price increase thanks to a rare bullish phenomenon that has just hit for the first time in seven years. In his latest update on Bitcoin’s relative strength index (RSI), popular Twitter analyst TechDev…
“# US Senator Warren introduces bill to study crypto’s role in ransomware ” As cryptocurrency adoption continues apace in the United States, lawmakers want to better understand how it’s used — for both legal and illegal purposes. The Ransom Disclosure Act, introduced by Senator Elizabeth Warren and Congresswoman Deborah Ross, would require victims of ransomware…