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news-imageOctober 30, 2024

Ethereum's Market Conundrum—ETH Slips Further Behind as Bitcoin Shines

This week, bitcoin (BTC) is enjoying an 8.5% lift against the U.S. dollar, while ethereum (ETH), the second-largest digital currency, remains relatively quiet by comparison. Bitcoin and Ethereum: One's Soaring While the Other's Struggling It's an exciting time in crypto.
Publisher: Bitcoin
Sentiment: Negative
BTC
ETH

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cover-imageCoinPedia
October 30, 2024

Reddit Sold Major Crypto In Q3; Misses Out On Bitcoin's Uptober Gains

The latest filing with the SEC has revealed that Reddit has sold the majority of its cryptocurrency portfolio during the third quarter, offloading Bitcoin and Ethereum once held “for treasury purposes.” JUST IN: Reddit sold the majority of its #Bitcoin before BTC started pumping in October — SEC filing pic.twitter.

Positive
cover-imageBitcoinist
October 30, 2024

$170 Million In Crypto Shorts Flushed As Bitcoin Returns Above $71,000

Data shows the cryptocurrency derivatives market has suffered a high amount of liquidations as the Bitcoin price has breached $71,000. Crypto Derivatives Has Seen $223 Million In Liquidations During Last 24 Hours According to data from CoinGlass, liquidations have piled up on the cryptocurrency derivatives market over the past day.

Positive
cover-imageThe Currency Analytics
October 30, 2024

Ethereum Withdrawals Surge: What It Means for ETH Prices

Ethereum (ETH) has seen a remarkable surge in activity recently, with over 300,000 tokens withdrawn from exchanges within a single week. This significant movement coincides with ETH's price stabilization around the $2,500 mark, suggesting a potential change in investor sentiment that could influence the cryptocurrency's trajectory moving forward.

Positive
cover-imageCrypto Economy
October 30, 2024

Morph Public Chain Goes Live on Ethereum: The Global Consumer Layer

TL;DR Morph Public Chain has officially launched its platform on the Ethereum mainnet, improving the accessibility of blockchain technology for everyday users. During the test phase, it registered over 6 million addresses and completed over 100 million transactions, with more than 200 projects implemented on the platform.

Positive
cover-imageNewsBTC
October 30, 2024

Can Bitcoin Hit $200,000 Only If The Dollar Falls? Bitwise CIO Answers

Matt Hougan, Chief Investment Officer of Bitwise Asset Management, addressed a pressing question among investors: Does the US dollar need to collapse for Bitcoin to reach a valuation of $200,000 per coin? Hougan's analysis suggests that Bitcoin's ascent to such a price level does not depend on a decline in the US dollar's value but rather on Bitcoin's maturation as a store-of-value asset and global economic factors increasing demand for such assets.

Positive
cover-imageBenzinga
October 30, 2024

Bitcoin Breaks $72,000, But Trader Warns Bears Could Strike Back

Pseudonymous analyst CrediBULL Crypto highlighted that Bitcoin's (CRYPTO: BTC) break of $71,000 might not indicate a sustained bullish trend. What Happened: The analyst described the move as "corrective" rather than impulsive on his X profile, emphasizing that context is essential: "I did think a break of $71,000 would be bullish as I assumed that we would not break those highs until we saw our next impulse to the upside to ignite the rally to $100,000.

Positive
cover-imageUToday
October 30, 2024

Bitcoin to $100,000 in One Month? Yusko Thinks It's Possible

Mark Yusko, CEO and CIO at Morgan Creek Capital Management, believes that the price of Bitcoin could potentially reach six-digit territory within a month. During a recent appearance on Paul Barron Network, Yusko stated that the largest cryptocurrency could go right through its "fair value"

Positive
cover-imageCrypto Economy
October 30, 2024

10X Research Sees Bitcoin's $100K Potential by Early 2025

TL;DR 10x Research estimates that Bitcoin could reach $100,000 by January 2025, driven by its prediction model and recent buy signals. The “Bitcoin black hole effect” highlights BTC's dominance in absorbing value from altcoins, reflecting growing interest among institutional investors.

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