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news-imageOctober 5, 2024

Bitcoin Dominance Nears Three-Year High as Altcoins Struggle; Aptos Shines Amid Market Turmoil

Bitcoin (BTC) has maintained its position above the critical $60,000 support level, even as many altcoins face significant downward pressure. Bitcoin's resurgence has propelled its market dominance to levels not seen in nearly three years, highlighting a clear divide in performance between Bitcoin and the broader cryptocurrency market.
Publisher: The Currency Analytics
Sentiment: Neutral
APT
BTC

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Positive
cover-imageBitcoin
October 5, 2024

Bitcoin Gains Expected as US Jobs Data Drives Fed Rate Cuts, Analyst Says

A researcher from 21shares has offered an analysis of how bitcoin's price could respond to the U.S. jobs report. The analyst indicates that BTC prices could increase if the Federal Reserve reduces interest rates. These rate cuts, which are likely tied to labor market trends, could lower borrowing costs, potentially boosting the cryptocurrency market.

Neutral
cover-imageCoingape
October 5, 2024

Satoshi Era Bitcoin Whale Moves $3.6M Ahead of Nakamoto Face Reveal

Ahead of the much-anticipated documentary release on October 8, which promises to reveal the identity of Bitcoin creator Satoshi Nakamoto, a 2009 Bitcoin whale has moved $3.6 million worth of BTC. This movement has generated significant interest, especially as it coincides with the forthcoming documentary, which has ignited curiosity about Nakamoto's identity.

Positive
cover-imageBitcoin
October 4, 2024

Russian Bitcoin Mining Industry Could Surpass the U.S. in 2 Years

Igor Runets, owner and CEO of Bitriver, commented on the growth potential of the Russian bitcoin mining industry following the approval of the mining law in the country. Runets stated that, due to the several advantages provided by the law, the Russian bitcoin mining industry could reach parity with the U.S.

Positive
cover-imageBenzinga
October 4, 2024

Bitcoin, Ethereum, Dogecoin End The Week With Strong Gains: 'Summer Lull Seasonality Over, Q4 Bull Seasonality Is In,' Says Trader

Cryptocurrency markets are trading higher on positive labor market data. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $62,356.18 +2.7% Ethereum (CRYPTO: ETH) $2,432.81 +3.8% Solana (CRYPTO: SOL) $143.92 +5.7% Dogecoin (CRYPTO: DOGE) $0.1094 +5% Shiba Inu (CRYPTO: SHIB) $0.00001751 +10.2% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 10.9%.

Neutral
cover-imageCNBC Television
October 4, 2024

Bitcoin pares weekly losses after better-than-expected September jobs data: CNBC Crypto World

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Sam Kessler of CoinDesk discusses his reporting that North Korean IT workers have infiltrated global crypto companies.

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