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news-imageOctober 9, 2024

Binance Sees BTC and ETH Declines While BNB Rises in October 2024 Report

Binance, one of the world's leading cryptocurrency exchanges, has released its 23rd Proof of Reserves report for October 2024, shedding light on significant changes in its major cryptocurrency holdings. As the crypto market experiences fluctuations, this latest snapshot reveals a notable decline in Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) reserves.
Publisher: The Currency Analytics
Sentiment: Neutral
BNB
BTC

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Positive
cover-imageNewsBTC
October 9, 2024

Standard Chartered Analysts Says Ethereum Price Will Reach $10,000 If This Happens

Analysts at British multinational bank, Standard Chartered have predicted that the price of Ethereum (ETH) could potentially climb to $10,000 in response to the anticipated political changes set to take place following the upcoming United States (US) Presidential elections. Standard Chartered Predicts Ethereum To $10,000 In a research note by the head of Standard Chartered crypto research, Geoffrey Kendrick, Ethereum could experience a dramatic rise to $10,000 if Donald Trump, the former US President wins the upcoming election.

Positive
cover-imageThe Currency Analytics
October 9, 2024

Ethereum Price Analysis: Can ETH Reach $6,000 Soon

Few stories have captured attention quite like the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). This high-stakes lawsuit has kept investors and crypto enthusiasts on the edge of their seats.

Negative
cover-imageCryptoSlate
October 9, 2024

Bitcoin dips below $61K despite Fed's dovish stance

Bitcoin (BTC) continued trading in the red and fell below $61,000 despite the Federal Reserve's dovish remarks in the Federal Open Market Committee's (FOMC) minutes published on Oct. 9. As of press time, BTC was trading at $60,935, down 2% over the past 24 hours.

Negative
cover-imageCoingape
October 9, 2024

What Does The Fed Minutes Mean For The Bitcoin Price?

The Fed minutes for its September meeting have further dampened hopes for a 50 basis points (bps) rate cut in November. This provides a bearish outlook for the Bitcoin price, considering the market was already pricing into a 50 bps rate cut following Fed Chair Jerome Powell's dovish speech following the September FOMC meeting.

Neutral
cover-imageBenzinga
October 9, 2024

Bitcoin, Ethereum, Dogecoin Trade Sideways, Trader Predicts Rally Soon But Worried About 'Recent Weak Candles'

Cryptocurrency markets are trading sideways despite key Bitcoin metrics rising. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $61,248 -1.2% Ethereum (CRYPTO: ETH) $2,412 -0.9% Solana (CRYPTO: SOL) $140.6 -1.5% Dogecoin (CRYPTO: DOGE) $0.1087 +1.98% Shiba Inu (CRYPTO: SHIB) $0.00001697 -0.9% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 5.6% and daily active addresses growing by 16.5%.

Neutral
cover-imageCoinPedia
October 9, 2024

Bitfinex Set to Receive 120,000 BTC for 2016 Hack: Report

It appears that the United States government is going to compensate Bitfinex, which lost nearly 120,000 Bitcoin (BTC) in a 2016 hack. In a report, the government claims that Bitfinex is the sole entity eligible for this significant compensation, as they have already reimbursed their customers through BFX tokens.

Neutral
cover-imageBitcoinist
October 9, 2024

Unmasking The Bitcoin Inventor: Why HBO's Satoshi Reveal Falls Short

In the new HBO documentary “Money Electric: The Bitcoin Mystery Documentary”, filmmaker Cullen Hobak posits that Peter Todd, a prominent Canadian Bitcoin core developer, is the elusive Bitcoin creator known as Satoshi Nakamoto. Despite the sensational claims, the evidence presented falls short of conclusive, leading to significant criticism from the BTC community.

Neutral
cover-imageBenzinga
October 9, 2024

The Best Way To Trade Bitcoin After The FOMC Minutes

Professional crypto trader Justin Bennett shared his insights on Bitcoin's (CRYPTO: BTC) market volatility and future predictions ahead of the FOMC minutes meeting. What Happened: Bennett took to social media to highlight that the meeting minutes are not a Fed rate decision, which is why does not expect as much volatility as typically seen from a Fed rate decision.

Neutral
cover-imageTheNewsCrypto
October 9, 2024

Can Ethereum Stage a Comeback to 2.5K?

Ethereum (ETH) is trading at $2,429, with a 24-hour increase of 0.09% and a weekly rise of 0.49%. ETH's market cap has dropped below $300 billion, currently sitting at approximately $293 billion.

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