After a weak start to October, BTC price bounced back from the $60,000 bottom prepare investors for a 32% rally ahead of the US CPI data release.
With an HBO documentary set to Premier this week, the crypto industry may soon know who Bitcoin creator Satoshi Nakamoto is.
Bitcoin (BTC) price closed last week trading above crucial support levels, thus flipping October to a bullish outlook.
Interestingly, the renewed geopolitical tensions in the Middle East did not affect BlackRock’s IBIT, which bucked the trend by attracting $37 million in inflows.
A total of 105,849 traders were liquidated in the past 24 hours.
Bitcoin price is currently retesting a crucial support level around $60.6k, which must hold to avoid further bleeding in the near term.
The Bitcoin and Ethereum price slump in the past 24 hours has forced over $500 million in crypto liquidations.
Gold price gained in value in the past 24 hours while Bitcoin price declined around 4 percent as Iran attacked Israel in an escalating Middle East geopolitical crisis.
Bitwise confirmed that its application of XRP ETF is legitimate thereby driving excitement in the market/ However, the XRP price moved down amid the broader market correction following Israel-Iran war-like situation.
FTX’s restructuring plan gains strong creditor backing, setting the stage for the distribution of $6.83 billion to impacted crypto traders and users.
The October crypto bullish narrative could help Bitcoin price regain a crucial macro rising trend and potentially reach a new all-time high.
Crypto investment products in the United States take the stage as fund flow tops $1.2 billion.
Crypto investors will be watching two major macro developments this week that includes the Fed Chair Jerome Powell speech and the upcoming US non-farm payrolls report on Friday.
Bitcoin has crossed the 160-day threshold since the last halving event, which historically marks the point where major upward price movement begins.
Binance’s former CEO Changpeng Zhao is now free after his incarceration in a California prison.