Bitcoin mining rig manufacturer Bitmain has just rolled out two new rigs, boasting a hashrate of up to 216 terahash per second (TH/s) for their air-cooled model and 319 TH/s for the hydro-cooled version.

Consumer prices in the US rose by 2.4% in September, above market expectations but still in a negative trend compared to the past few years.

Although the Bitcoin price faces challenges in breaking out significantly from its support level of $60,000, recent on-chain data reveals a fascinating shift in sentiment among Bitcoin enthusiasts. Despite the ongoing price corrections, it appears that long-term holders remain undeterred.

The Blockstream founder was favored as the most likely figure to be revealed as Satoshi Nakamoto in the HBO documentary by Polymarket users.

Today, the South Korean Financial Services Commission (FSC) announced that it might review the approval of Bitcoin and other digital assets spot ETFs.

SEC Chairman Gary Gensler, known for his stance that most cryptocurrencies apart from Bitcoin are securities, recently shared his views on Bitcoin and the broader crypto market.

Earlier today, the U.S. Bureau of Labor Statistics reported that the annual inflation rate had increased to 2.4%, exceeding analysts' expectations.

American businessman and MicroStrategy CEO Michael Saylor, known for his radically bullish stance on major cryptocurrency Bitcoin (BTC), has unleashed an epic new post on his social media accounts. It should be noted that Saylor regularly shakes up the information field with his viral, unconventional statements on Bitcoin, often accompanied by some nonstandard image.

Key Points:

The Solana price has suffered along with the rest of the market today, falling by 2% in the past 24 hours as prices fall by 3% on average.

Anthony Pompliano, the Bitcoin (CRYPTO: BTC) bull and co-founder of Morgan Creek Digital, faced a turning point in 2022 when his cryptocurrency predictions failed to materialize as he had hoped. Known for his bold statements, Pompliano, who is a keynote speaker at Benzinga's Future of Digital Assets event on Nov. 19, had previously forecasted Bitcoin reaching $100,000 within 2.5 years when it was sitting around $12,000 in June 2019.

The crypto market has been seeing encouraging signs in October, with stablecoin liquidity surging and large Bitcoin transactions hinting at a possible price increase.

The Bitcoin (BTC) price is consolidating just below $61,000 in wake of the release of a slightly hotter-than-expected US CPI inflation report for September.

Bitcoin (BTC), the world's largest cryptocurrency by market capitalization, has recently faced a sharp decline in its price, plummeting by 10% over the past week. This downturn has raised significant concerns among investors and market analysts alike, as geopolitical tensions and a wave of sell-offs create a landscape of uncertainty.

Bitcoin arguably stands to benefit from macro data upheaval as US CPI and jobless data diverges in a "nightmare" for the Federal Reserve.

Yes, hyperbitcoinization is happening. Yes, there will be a messy period of complete crypto degeneracy before that.

Billy Markus clarified that Peter Todd is an "OG core dev" but not the creator of Bitcoin.

Key Points:

Bitcoin's consolidation around $60,000 has investors sidelined, with a new price range needed to spark activity, according to an analyst.

Software developer Peter Todd has emphatically stated that he is not Satoshi Nakamoto, the enigmatic figure behind Bitcoin, in a recent interview with Bloomberg. This assertion comes in response to the HBO documentary Money Electric: The Bitcoin Mystery, which suggests Todd may be linked to Nakamoto through circumstantial evidence.

BlackRock has spoken very well about the crypto Bitcoin and its potential against inflation for the personal portfolio.

Bitcoin (BTC) has had a turbulent relationship with major financial institutions over the years, with many dismissing the cryptocurrency altogether for years.

The Korean Financial Services Commission, a local finance regulator, forms a special virtual asset committee that might create the legal framework for a Bitcoin Spot ETF launch in the country. Ki Young Ju, CEO and cofounder of CryptoQuant, explains why this is bullish for the first cryptocurrency - and what is next for "Kimchi Premium" indicator for the BTC price.

Bitcoin's rejection at $66K and the break below the 200-day moving average suggest that bearish sentiment is gaining strength. If the price fails to hold the $60K support, the likelihood of a mid-term decline toward the $52K-$55K zone increases.

The Bitcoin market bounced a bit in the early part of the Thursday session. After all, the $60,000 level has offered buying pressures again, as the large, round, psychologically important figures tend to do.

While the identity of Satoshi Nakamoto is still more or less unknown, it is believed that Nakamoto owns billions of dollars' worth of Bitcoin.

On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) faced another tough day, with the 12 funds seeing outflows totaling $30.59 million. In contrast, their spot ethereum ETF counterparts had an uneventful day, with all nine funds neither gaining nor losing value. Wednesday's Spot Crypto ETF Action On Oct. 9, the 12 U.S.

Spot Bitcoin Exchange-Traded Funds (ETFs) in the United States have experienced substantial net outflows, breaking a brief positive streak. On Tuesday, these funds reported a total outflow of $18.66 million, signaling a potential shift in market sentiment.

Anthony Pompliano, angel investor and founder of the Pomp Investments fund, has released a podcast this week, in which his wife, Polina M. Pompliano, asked him questions on various topics, including Bitcoin, which Pomp is a big proponent of.

The CPI data for September suggests that the Fed might not cut the rates again in November.

The latest US Consumer Price Index (CPI) report has delivered a surprise 2.4% outcome, revealing higher-than-anticipated inflation figures. Despite that, Bitcoin's (BTC) price is holding on to the $60,000 threshold.

Investors are looking for alternative opportunities while navigating the uncertainty in high-cap tokens.

Ethiopia is gradually becoming a Bitcoin mining center, thanks to its huge hydroelectric supplies and low electricity prices. Local miners are currently consuming approximately 600 megawatts (MW) of power, with further capacity expected to come online soon.

Adam Back, veteran cryptographer and CEO of Blockstream, known as the contributor of the Bitcoin white paper mentioned by Satoshi Nakamoto himself, has broken his silence on the current conjecture surrounding the crypto market.

The stagnation of the Bitcoin price despite the first rate cut by the US Federal Reserve since 2020 has perplexed many investors and traders within the market. In a new post on X, Andrew Kang, CEO of Mechanism Capital addressed the disproportionate emphasis that market participants have placed on Federal Reserve rate cuts and economic stimulus in China.

The demand for Ethereum has been somewhat lacking, to say the least.

Cryptocurrency Market Today: The US Consumer Price Index (CPI) has fallen to 2.4%, somewhat more than projected but lower than the previous 2.5%, suggesting small economic developments. This has altered market sentiment, resulting in a little shakeup in the bitcoin market. As inflation concerns linger, the cryptocurrency market's overall value has declined.

Bitcoin staking protocol Babylon has recently reopened for additional BTC deposits, and drew in about $1.5 billion worth of the flagship cryptocurrency shortly after doing so as investors rushed in to stake their coins in less than an hour and a half.

The latest US Consumer Price Index (CPI) data showed that the inflation stayed at 0.2% in September, up from what the market was expecting. Notably, the higher-than-anticipated inflation level has fueled market concerns, which is likely to send Bitcoin price below $60K soon.

IREN, formerly known as Iris Energy, is facing a class-action lawsuit from investors who allege the cryptocurrency mining company misrepresented its high-performance computing (HPC) capabilities.

In a very short while from now, the US CPI rates are expected to be announced, which is believed to be lower than expected. This is further expected to revamp a strong ascending trend and rise above the monthly highs at $64,500.

The FED has been able to control the US inflation rates, which are dropping every month, displaying a bullish outlook for the crypto markets. The rates have been plunging almost since the start of the year, which has offered a strong boost to the crypto markets.

Bitcoin is currently navigating a crucial juncture as it seeks to maintain its Short-Term Holder (STH) cost basis following a notable 10% correction in the market. According to a recent report from blockchain analytics firm Glassnode, the STH cost basis currently stands at $62,500.

As Bitcoin struggles to maintain its valuation above $60,000, a market strategist has expressed his surprise regarding the asset's inability to trade at a record high despite operating in a favorable environment.

The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 10, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin has recently seen quite an interesting trend in its key metrics suggesting a significant movement ahead, according to a post by CryptoQuant analyst Amr Taha. The post, shared on the CryptoQuant QuickTake platform, highlights notable changes in both long-term and short-term holder behaviour of Bitcoin, as well as in realized profit and loss figures.

Bitcoin may face a short-term dip before resuming its bullish trend, according to analyst Cole Garner.