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news-imageOctober 9, 2024

Ex-Ripple Director Advocates for XRP Over Bitcoin: Here's Why

Former Ripple director Matt Hamilton weighed in on this discourse, declaring XRP as a superior option compared to Bitcoin. Speaking on the Mr.
Publisher: The Currency Analytics
Sentiment: Neutral
BTC
XRP

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Positive
cover-imageNewsBTC
October 9, 2024

XRP Price Set To Soar Past $5.85, Predicts Crypto Analyst

Crypto analyst Dark Defender (@DefendDark) has issued a bullish forecast for XRP, projecting a price surge above $5.85 based on a confluence of technical indicators and chart patterns. Despite recent market stagnation, the analyst highlights several key factors—including the application of Elliott Wave theory—that suggest a significant upward movement is imminent.

Negative
cover-imageCoinPedia
October 9, 2024

Will Bitcoin Price Crash? $5.64 Billion in Profits Cashed Out

Bitcoin (BTC), the world's largest cryptocurrency by market cap is poised for a significant price decline as investors have realized billions worth of profits in the past 24 hours. Additionally, BTC has formed a bearish price action pattern, further supporting this negative outlook. $5.

Negative
cover-imageCryptoSlate
October 9, 2024

Bitcoin dips below $61K despite Fed's dovish stance

Bitcoin (BTC) continued trading in the red and fell below $61,000 despite the Federal Reserve's dovish remarks in the Federal Open Market Committee's (FOMC) minutes published on Oct. 9. As of press time, BTC was trading at $60,935, down 2% over the past 24 hours.

Negative
cover-imageCoingape
October 9, 2024

What Does The Fed Minutes Mean For The Bitcoin Price?

The Fed minutes for its September meeting have further dampened hopes for a 50 basis points (bps) rate cut in November. This provides a bearish outlook for the Bitcoin price, considering the market was already pricing into a 50 bps rate cut following Fed Chair Jerome Powell's dovish speech following the September FOMC meeting.

Neutral
cover-imageBenzinga
October 9, 2024

Bitcoin, Ethereum, Dogecoin Trade Sideways, Trader Predicts Rally Soon But Worried About 'Recent Weak Candles'

Cryptocurrency markets are trading sideways despite key Bitcoin metrics rising. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $61,248 -1.2% Ethereum (CRYPTO: ETH) $2,412 -0.9% Solana (CRYPTO: SOL) $140.6 -1.5% Dogecoin (CRYPTO: DOGE) $0.1087 +1.98% Shiba Inu (CRYPTO: SHIB) $0.00001697 -0.9% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 5.6% and daily active addresses growing by 16.5%.

Neutral
cover-imageThe Currency Analytics
October 9, 2024

Ripple vs. SEC: The XRP Community Stands Strong Amid Regulatory Turmoil

The ongoing struggle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has become a hot topic in the cryptocurrency world. As the battle intensifies, the XRP community—supporters and investors of Ripple's digital currency, XRP—are voicing their concerns about the SEC's recent actions.

Neutral
cover-imageCoinPedia
October 9, 2024

Bitfinex Set to Receive 120,000 BTC for 2016 Hack: Report

It appears that the United States government is going to compensate Bitfinex, which lost nearly 120,000 Bitcoin (BTC) in a 2016 hack. In a report, the government claims that Bitfinex is the sole entity eligible for this significant compensation, as they have already reimbursed their customers through BFX tokens.

Neutral
cover-imageThe Currency Analytics
October 9, 2024

Binance Sees BTC and ETH Declines While BNB Rises in October 2024 Report

Binance, one of the world's leading cryptocurrency exchanges, has released its 23rd Proof of Reserves report for October 2024, shedding light on significant changes in its major cryptocurrency holdings. As the crypto market experiences fluctuations, this latest snapshot reveals a notable decline in Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) reserves.

Neutral
cover-imageBitcoinist
October 9, 2024

Unmasking The Bitcoin Inventor: Why HBO's Satoshi Reveal Falls Short

In the new HBO documentary “Money Electric: The Bitcoin Mystery Documentary”, filmmaker Cullen Hobak posits that Peter Todd, a prominent Canadian Bitcoin core developer, is the elusive Bitcoin creator known as Satoshi Nakamoto. Despite the sensational claims, the evidence presented falls short of conclusive, leading to significant criticism from the BTC community.

Neutral
cover-imageBenzinga
October 9, 2024

The Best Way To Trade Bitcoin After The FOMC Minutes

Professional crypto trader Justin Bennett shared his insights on Bitcoin's (CRYPTO: BTC) market volatility and future predictions ahead of the FOMC minutes meeting. What Happened: Bennett took to social media to highlight that the meeting minutes are not a Fed rate decision, which is why does not expect as much volatility as typically seen from a Fed rate decision.

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