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news-imageOctober 7, 2024

'Definition of a leverage driven pump' — 5 Things to know in Bitcoin this week

Bitcoin is attempting to break higher this week — but plenty of hurdles stand in the way of bulls looking for a sustained BTC price rally.
Publisher: Cointelegraph
Sentiment: Negative
BTC

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Positive
cover-imageCryptoSlate
October 7, 2024

Metaplanet buys average of 34 BTC per day in October Bitcoin buying spree

Tokyo-listed investment firm Metaplanet has expanded its Bitcoin holdings by acquiring an additional 108.786 BTC for ¥1 billion, equivalent to about $6.7 million, at an average price of $61,904 per Bitcoin, as disclosed in a statement on Oct. 7. Since the beginning of this month, Metaplanet has been aggressively increasing its Bitcoin reserves.

Neutral
cover-imageUToday
October 7, 2024

October 9 Crucial for Bitcoin, Here's Why

October 9 in particular is predicted to be a turning point for Bitcoin and the cryptocurrency market as a whole this coming week. The minutes of the most recent meeting on monetary policy by the Federal Reserve are scheduled to be released, and significant U.S. Economic indicators that will be released include the Producer Price Index (PPI), the unadjusted Consumer Price Index (CPI) annual rate for September and the quantity of initial jobless claims for the week ending Oct. 5.

Positive
cover-imageThe Currency Analytics
October 7, 2024

Bitcoin Aims for $63K as Michael Saylor Advocates for Piece of Cyberspace

Bitcoin, the world's largest cryptocurrency, is making headlines again as its price nears the significant $63,000 mark. This surge comes alongside renewed enthusiasm from prominent Bitcoin advocate Michael Saylor, who recently took to the social media platform X to encourage followers to invest in what he describes as a vital “piece of cyberspace.

Positive
cover-imageBitcoin
October 7, 2024

Unlocking Bitcoin's Future: GoBTC Foundation's Jeremy Dreier on the Crucial Role of Onchain Growth

GoBTC Foundation supports innovative Layer 1 and Layer 2 projects to grow the Bitcoin onchain ecosystem. By providing investment, strategic guidance, and a platform for launching new tokens, this new foundation helps onchain projects accelerate growth and contribute to Bitcoin's future—one that may depend on onchain transactions more than we realize.

Positive
cover-imageThe Currency Analytics
October 7, 2024

Bitcoin on the Brink: Will BTC Surge Past $70K

Bitcoin (BTC) appears to be at a critical juncture as it eyes a potential rally toward $70,000. Recent data indicates an uptick in USDT borrowing among traders, suggesting that many are preparing to buy the dip as BTC navigates a series of price fluctuations.

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