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news-imageOctober 11, 2024

S&P 500 Hits ATH, Bitcoin Struggles at $60k: Is a Correction on the Horizon?

With a momentary drop under $59k, Bitcoin formed a 24-hour low at $58,867. However, the quick reversal drove the BTC price back above $60k, resulting in a lower price rejection. Currently, the BTC price shows a symmetrical triangle in the 12-hour chart, holding the fate of the crypto market.
Publisher: CoinPedia
Sentiment: Negative
BTC

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cover-imageBitcoin
October 11, 2024

Ethiopia Boosts Bitcoin Mining Power Allocation to 600 MW

Ethiopia has rapidly expanded its electricity allocation to Bitcoin mining, making it one of the world's fastest-growing markets for this activity. The country plans to further increase its capacity this year. Many of the miners are using mid-generation machines due to their low power consumption.

Positive
cover-imageThe Currency Analytics
October 11, 2024

Bitcoin Whales Ramp Up Activity: What It Means for the Market

Bitcoin (BTC) whales have markedly increased their activity, accumulating a substantial amount of BTC amid ongoing price uncertainties in the market. Over the past two days alone, these large holders have gathered a total of 1,000 BTC, signaling potential shifts in market dynamics as previously dormant coins re-emerge.

Negative
cover-imageNewsBTC
October 11, 2024

Bitcoin On The Brink: Will $60K Hold Or Is A Major Correction Coming?

After briefly rising above $63,000 in recent days, renewing investor's hope on “uptober,” Bitcoin has once again dampened this excitement by decreasing to as low as the $60,000 region today. This unappealing performance has led to a CryptoQuant analyst, Aytekin, raising and sharing insight on an important question: “Is it reasonable to expect a final shakeout before the next big move?

Positive
cover-imageThe Currency Analytics
October 11, 2024

Stablecoin Surge Signals Bright Prospects for Bitcoin: Will a Rally Follow

The cryptocurrency landscape is undergoing significant shifts as stablecoin liquidity hits record highs, suggesting a potentially favorable environment for Bitcoin (BTC) in the weeks to come. With Bitcoin trading around $62,133 and the month of October historically known for its positive price movements, many analysts are optimistic about a possible rally fueled by the increasing supply of stablecoins.

Negative
cover-imageUToday
October 11, 2024

Bitcoin's (BTC) Suffering Continues, Solana (SOL) at Crucial Support Level: What's Next? Ethereum (ETH) to Dive Below $2,000?

Significant activity has been displayed by Shiba Inu, as evidenced by a spike in large transaction volume of 4.1 trillion SHIB over the last day, almost reaching its seven-day high. Large transaction volumes often signal increased interest from larger holders, or whales, which may have a significant impact on how prices behave in the future.

Positive
cover-imageCryptoSlate
October 10, 2024

South Korea to discuss approval of spot Bitcoin ETFs

South Korea's Financial Services Commission (FSC) announced the creation of a Virtual Asset Committee to address the approval of spot crypto exchange-traded funds (ETFs) in the country on Oct. 10, according to local media reports. The committee will act as an advisory body designed to provide comprehensive oversight and guidance for the crypto industry.

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