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news-imageOctober 5, 2024

Bitcoin Price Hits $62K As BlackRock Bets on BTC Against Weakening US Dollar

With Bitcoin price facing a stiff resistance around $62.2K, the chances of a quick reversal are high. This move would further extend the ongoing seven-month consolidation.
Publisher: Coingape
Sentiment: Positive
BTC

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Positive
cover-imageUToday
October 5, 2024

Bitcoin Ships Major Core 28.0 Update, What Is New?

Nearly six months after the debut of Bitcoin Core 27.0, the BTC development team have launched the latest update of the protocol. Dubbed Bitcoin Core 28.0, this new iteration comes with a couple of improvements and bug fixes for the Bitcoin mainnet.

Positive
cover-imageCoinPedia
October 5, 2024

Bitcoin Forms a Bullish Pattern : Will BTC Break Through Soon?

The largest cryptocurrency has been moving in such a way that gives the idea of an upcoming “cup and handle” pattern. After falling to $60,000 from a height of $66,000, bitcoin retested this support level twice before actually starting to rise. Currently trading at $62,071 is up by 1.

Positive
cover-imageThe Currency Analytics
October 5, 2024

JPMorgan: Gold and Bitcoin Soar as Debasement Trade Takes Hold

Global investment bank JPMorgan has released insights indicating that the rising prices of gold and Bitcoin are significantly influenced by what they term the “debasement trade.” This phenomenon reflects the growing perception among investors that these assets serve as safe havens amidst increasing economic uncertainties, inflation fears, and a diminishing trust in traditional fiat currencies.

Positive
cover-imageCoinPedia
October 5, 2024

Bitcoin's ETF Surge: Are Prices Ready for a Breakout to $100k?

While Bitcoin's price has faced challenges amid fluctuating ETF flows, the underlying institutional interest remains strong. Major institutions like BlackRock and Fidelity are entering the ETF market, which could further influence Bitcoin's price trajectory. Eric Balchunus, Senior ETF Analyst at Bloomberg Intelligence, joined David Lin for a discussion about ETFs and BTC.

Negative
cover-imageThe Currency Analytics
October 5, 2024

IMF Urges El Salvador to Revise Bitcoin Policies Amid Economic Challenges

The International Monetary Fund (IMF) has reiterated its call for the country to reform its Bitcoin policies. During a press conference on October 3, 2024, Julie Kozack, director of the IMF's communications department, emphasized the need for a robust regulatory framework that addresses the risks associated with cryptocurrency use.

Positive
cover-imageCoinPedia
October 5, 2024

Bitcoin Price Prediction: Crash Over, Rally Ahead; Next Stop $68,000

Bitcoin has recently bounced from a key support area, signaling a potential short-term recovery. Analysts note that this rebound coincides with oversold signals in the market, indicating a possible shift in momentum. According to analyst Josh of Crypto World, Bitcoin continues to form lower highs and lower lows, a characteristic of a larger bearish trend.

Positive
cover-imageBitcoinist
October 5, 2024

Why The Bitcoin Bounce Off $66,000 Is Not Entirely Bad News

The Bitcoin price action in the past two weeks has reiterated its volatile nature despite the steady flow of institutional money. The cryptocurrency surged in the last days of September from $53,500 to a high of $66,000, only to pull back to $61,000 in the first few days of October, showing its unpredictable nature.

Positive
cover-imageThe Currency Analytics
October 5, 2024

Hedge Fund Manager Declares Buying Bitcoin Dip a ‘No-Brainer

Quinn Thompson, chief investment officer at Lekker Capital, has identified the recent 6% dip in Bitcoin's price since September 30 as a prime moment for investors to increase their holdings. In a post on X on October 3, Thompson declared that purchasing Bitcoin (BTC) at its current price range of around $61,000 is a “no-brainer.

Neutral
cover-imageThe Currency Analytics
October 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.

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