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news-imageOctober 11, 2024

Bitcoin on Track For Record Sideways Action, With Eyes on November Elections as Bullish Catalyst

Bitcoin's boring price action, characterized by continued accumulation by small investors, is being attributed to several reasons. including the U.S. election uncertainty and renewed uptick in the U.S. Treasury yields.
Publisher: Coindesk
Sentiment: Neutral
BTC

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Negative
cover-imageCoingape
October 11, 2024

US PPI Inflation Data Further Sparks Concern Over Bitcoin Dip Ahead

The highly awaited US Producer Price Index (PPI) data showed that inflation has come in hotter than expected at 1.8% in September, as compared to market expectations of 1.6%. This rising inflation figure, especially after the recent US CPI data, has sparked concerns in the market, over its potential impact on BTC and other crypto.

Neutral
cover-imageThe Currency Analytics
October 11, 2024

Bitcoin Set to Reach $67K as Major Liquidation Levels Loom

Bitcoin (BTC) is drawing considerable attention, particularly regarding its potential to hit the $67,000 mark. This price level has emerged as a focal point due to significant liquidation pools forming on major exchanges, suggesting that critical market movements could be on the horizon.

Positive
cover-imageThe Currency Analytics
October 11, 2024

Bitcoin's Bullish Q4 Narrative Boosted by FTX Repayment Developments

Bitcoin (BTC) approaches the final quarter of 2024, new insights from K33 Research suggest that developments in the ongoing FTX bankruptcy case could play a significant role in bolstering the cryptocurrency's price. This potential for a bullish trend arises amidst various market fluctuations, offering hope to investors as they navigate the current landscape.

Negative
cover-imageCrypto Economy
October 11, 2024

Bitcoin's Price Drop Triggers Massive Liquidations

TL;DR Bitcoin's Price Drop: Bitcoin's price fell by 3% to $58,900 after the latest CPI data release, causing market-wide concern. Massive Liquidations: The price drop led to approximately $196 million in Bitcoin liquidations, highlighting the market's volatility.

Neutral
cover-imageCoinPedia
October 11, 2024

$1.6 Billion in Bitcoin & Ethereum Options Expires Today: Is $62K the Battleground?

This week, Bitcoin is seeing a critical options expiry, where traders face an intense showdown between calls and put. However, the crypto market faces a significant event as $1.61 billion worth of Bitcoin and Ethereum options contracts are set to expire Meanwhile, Data from Deribit reveals that 18,271 Bitcoin options contracts are expiring today.

Positive
cover-imageCoinPedia
October 11, 2024

Neiro Jumps 52% While Bitcoin Struggles: Will the Rally Last?

Neiro is surprising everyone right now. While most of the crypto market, including Bitcoin and Ethereum, is down, Neiro has surged by 52.65% in just the last 24 hours. It's currently trading at $0.089. Pretty wild, considering how things have been for other cryptos. Let's dive deeper and analyze what is happening.

Neutral
cover-imageZycrypto
October 11, 2024

Ancient Bitcoin Whales Are Still Asleep; Here's Why It Matters

In a post shared on X, Crypto pundit Ki Young Ju observed the state of ancient Bitcoin whales, asserting that they are still “sleeping.” According to his observations, Bitcoin whales have been dormant for more than seven years, depending on their source and destination, and have historically triggered market volatility.

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