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news-imageOctober 13, 2024

New Data Shows Slowing Bitcoin Volatility – Setting Up For The Next Rally?

Bitcoin is currently holding above the $62,000 mark following a 5% surge from lower demand in the past few days. While the market grapples with uncertainty, recent data from Coinglass indicates that Bitcoin's volatility has significantly decreased during this period of sideways trading.
Publisher: Bitcoinist
Sentiment: Positive
BTC

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Until recently, the Bitcoin ecosystem hasn't seen much development. Now it is rapidly evolving, with numerous projects aiming to enhance Bitcoin's scalability and functionality. In this early stage, there are many methods being tried out to expand Bitcoin's rather limited capabilities from sidechains to layer twos (L2).

Negative
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$380 Million Bitcoin Seized by Irish Authorities Stuck Due to Lost Password

Irish Criminal Assets Bureau (CAB) is grappling with a significant issue involving approximately €350 million, or around $383 million, in Bitcoin (BTC) that has been seized from a former drug dealer. This substantial cryptocurrency holding is currently stored across 12 separate wallets, and the agency has been unable to unlock these assets for over five years since their confiscation.

Positive
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BlackRock Is Selling Bitcoin To Buy Ethereum, Will This Bullishness Trigger Another Altcoin Season?

New reports have revealed that BlackRock, the world's largest asset manager and American multinational investment company, is now selling Bitcoin (BTC) to buy Ethereum (ETH). Many market watchers propose that this unexpected investment change could trigger a bullish rally for Ethereum, potentially catalyzing another altcoin season.

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