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news-imageOctober 23, 2024

Why is Crypto Down Today? Market Sees $200M in Liquidations as Bitcoin Drops Below $67K

Bitcoin and the broader cryptocurrency market experienced a significant dip, with Bitcoin falling below $67,000 amid market-wide liquidations and macroeconomic pressures.
Publisher: Blockonomi
Sentiment: Negative
BTC

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Positive
cover-imageThe Currency Analytics
October 23, 2024

Bitcoin Accumulation Soars to 2.9 Million BTC: Are Investors Bracing for a Major Rally

Bitcoin continues to be a hot topic in the cryptocurrency world, particularly with recent reports revealing that the total amount held in accumulation addresses has surged to a remarkable 2.9 million BTC. This development signifies a growing confidence among both individual and institutional investors in Bitcoin's long-term prospects, even amid ongoing market uncertainties.

Positive
cover-imageUToday
October 23, 2024

BlackRock Bets Big on Bitcoin, While Fear Takes Over Market

On Oct. 22, net outflows from spot Bitcoin ETFs reached $79.1 million, a sharp contrast to the inflows of $294.3 million seen in the previous trading session. Meanwhile, Ethereum spot ETFs recorded a modest inflow of $11.9 million, recovering from the prior session's outflow of $20.8 million.

Neutral
cover-imageCrypto Economy
October 23, 2024

Tesla Rotates 11,509 BTC Across Wallets—No Sale, Just a Move, Says Arkham Intelligence

TL;DR Tesla rotated 11,509 BTC across multiple wallets: Arkham Intelligence confirmed that Tesla's recent Bitcoin movements were rotations, not sales, maintaining ownership of approximately $770 million in BTC. Wallets distributed for security: The Bitcoin is now spread across seven new wallets, each holding between 1,100 and 2,200 BTC, likely for enhanced security or risk management.

Negative
cover-imageBitcoin
October 23, 2024

Ex-CEO Charged in Australia With Stealing $1.47M From Customer in Failed Bitcoin Deal

Grant Colthup, the ex-CEO of a defunct Australian cryptocurrency exchange, is facing fraud charges. He's accused of misusing $1.47 million intended for bitcoin purchases. ASIC, the Australian regulator, alleges Colthup violated a law against false or misleading representations. The funds were reportedly used to pay the exchange's debts or buy crypto for others.

Positive
cover-imageCoinPedia
October 23, 2024

ECB's Attack on Bitcoin Backfires! Here's Why Experts Are Furious

A group of researchers, Dr. Murray A. Rudd, Dennis Porter, Allen Farrington, and Freddie New (from Satoshi Action Education, Axiom and Bitcoin Policy UK) has strongly denounced a European Central Bank paper, that criticized the viability and economic impact of Bitcoin. The development has triggered a discussion on the matter.

Neutral
cover-imageCrypto Daily
October 23, 2024

Bitcoin (BTC) bounce or rejection?

Bitcoin (BTC) is currently sliding along the top of its bull flag after breaking out last week. Will the price fall back inside the bull flag and face being rejected, or will a bounce occur that sends $BTC back towards its $73,800 all-time high?

Positive
cover-imageThe Currency Analytics
October 23, 2024

Metaplanet Raises Capital and Plans Major Bitcoin Purchases

Japan based Metaplanet has successfully raised 10 billion yen (approximately $67 million) through a recent stock sale. This capital will be earmarked for significant investments in Bitcoin (BTC), positioning Metaplanet as a major player in the evolving landscape of digital assets.

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