Hayes says the next crypto bull run will be tied to when China embraces the crypto market again, and Hong Kong could be the gateway for this to happen.
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Aussie federal budget reaffirms BTC won’t be treated as foreign currency
The new federal budget states that Bitcoin will fall under the “current tax treatment of digital currencies, including the capital gains tax treatment, where they are held as an investment.”
Prometheum partners with Anchorage Digital on SEC-registered alternative trading system
The New York-based exchange will start with five digital assets on offer in its SEC compliant trading system, which will “seamlessly integrate with legacy securities trading systems.”
SushiSwap to create three DAOs in Panama and Cayman in business restructuring
The proposal received 100% votes, establishing the DAO Foundation, the Panamanian Foundation, and the Panamanian Corporation.
Bitcoin analysts map out the key bull and bear cases for BTC’s price action
BTC price is showing slight bullish momentum, leading on-chain analysts to present potentially bearish and bullish data-based scenarios.
Bitcoin analysts map out the key bull and bear cases for BTC’s price action
BTC price is showing slight bullish momentum, leading on-chain analysts to present potentially bearish and bullish data-based scenarios.
Bitcoin analysts map out the key bull and bear cases for BTC’s price action
Research has detailed Bitcoin’s recent record-low volatility and while traders expect an eventual price breakout, the Oct. 26 BTC price move to $21,000 is not yet being interpreted as confirmation that $20,000 has now become support.
In a recent “The Week On-chain Newsletter,” Glassnode analysts mapped out a bull case and a bear case for BTC.
According to the report, the bear case includes limited on-chain transaction activity, stagnant non-zero address growth and reduced miner profits present a strong Bitcoin sell-off risk but data also shows that long-term hodlers are more determined than ever to weather the current bear market.
The bull case, on the other hand, entails an increase in whale wallets, outflow from centralized exchanges and hodling by longer term investors.
Stalled new address growth
On-chain active address growth remains stagnant across the BTC network. A reduction in transactions translates to a decrease in utilization and user growth for the network, factors which could possibly hinder BTC price expansion.
United Kingdom banks hate crypto, and that's bad news for everyone
Banks in the United Kingdom try to block businesses and individuals alike from investing in cryptocurrency. Regulators should fix the situation.
Vietnam's prime minister calls for crypto regulation: Report
"It is necessary to study appropriate sanctions, and assign the government to make detailed regulations,” reportedly said Prime Minister Pham Minh Chinh.
Why is Bitcoin price up today?
Bitcoin price is up today, and a market-wide rally in crypto prices suggests that BTC and Ether (ETH) could be aiming to wrap up the month of October in the black.
As of October 26, 2022, most major cryptocurrencies are posting single-digit gains. Bitcoin recorded a 5.15% price increase within the last 24 hours and a 5.48% gain within the last 7 days. While the current price is fluctuating, BTC is holding above the psychologically important $20,000 level. The following chart shows the BTC rally since October 24, 2022.
BTC price. Source: CointelegraphStocks are beginning the day down as Bitcoin continues to remain over $20,000. Bitcoin’s momentum has continued for 3 days now and is seeing green candles today. The recent price spike pushed Bitcoin’s total market capitalization above the $1T mark and comes after months of narrow sideways trading range of $18,000 and $20,000.
Hand in hand with Bitcoin’s growth, most major cryptocurrencies including Ethereum (ETH), Solana (SOL), Cardano (ADA), Polygon (MATIC), Ripple (XRP) and Tron (TRX) registered more than 10% price increases within the last 48 hours. There are several reasons for the crypto rally.
The current rally in BTC and other major cryptocurrencies may indicate an increase in confidence in the market following several key developments; here we give details of the key drivers of the growth
Why is Bitcoin price up today?
Bitcoin price is up, and most altcoins are following — but why?
Why is Bitcoin price up today?
Bitcoin price is up today, and a marketwide rally in crypto prices suggests that Bitcoin (BTC) and Ether (ETH) could be aiming to wrap up the month of October in the black.
As of Oct. 26, most major cryptocurrencies are posting single-digit gains. Bitcoin recorded a 5.15% price increase over the previous 24 hours and a 5.48% gain over the previous seven days. While the current price is fluctuating, BTC is holding above the psychologically important $20,000 level. The following chart shows the BTC rally since Oct. 24.
BTC price. Source: CointelegraphStocks are beginning the day down as Bitcoin continues to remain over $20,000. Bitcoin’s momentum has continued for three days now and is seeing green candles on Oct. 26. The recent price spike pushed the total cryptocurrency market capitalization above the $1 trillion mark and comes after months of Bitcoin trading in a narrow sideways range of $18,000 to $20,000.
Hand in hand with Bitcoin’s growth, most major cryptocurrencies — including Ether (ETH), Solana’s SOL (SOL), Cardano’s ADA (ADA), Polygon’s MATIC (MATIC), XRP (XRP) and Tron’s TRX (TRX) — have registered price increases of more than 10% over the last 48 hours. There are several reasons for the crypto rally.
The current rally in BTC and other major cryptocurrencies may indicate an increase in confidence in the market following several key developments. Here are the key drivers of the growth.
UK police council reports there are officers in every unit trained for crypto enforcement
The NPCC's Andy Gould said that the U.K. police had the capability to address illicit uses of crypto, but still faced challenges including incentives to join the private sector.
Report: Vast majority of blockchain energy studies 'lack scientific rigor'
According to researchers, 74% of blockchain energy studies 'do not build upon existing theories.'
Report: Vast majority of blockchain energy studies 'lack scientific rigor'
According to researchers, 74% of blockchain energy studies 'do not build upon existing theories.'
Bitcoin price reaches $21K as crypto market cap nears $1T
Bitcoin (BTC) returned to $21,000 for the first time since September after the Oct. 26 Wall Street open as buyers solidified gains.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC bulls "eat" ask liquidity
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it hit local highs of $21,012 on Bitstamp.
At the time of writing, the pair continued to explore territory out of reach for over six weeks.
Liquidations also kept flowing, with the past 24 hours delivering $750 million in liquidated positions on Bitcoin alone, according to data from Coinglass.
Cross-crypto liquidations totaled $1.43 billion, adding to what was already the highest tally in 2022 so far.
Bitcoin price reaches $21K as crypto market cap nears $1T
The gains keep coming for BTC and crypto for a second day as the U.S. dollar drops.
Bitcoin price reaches $21K as crypto market cap nears $1T
Bitcoin (BTC) returned to $21,000 for the first time since September after the Oct. 26 Wall Street open as buyers solidified gains.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC bulls “eat” ask liquidity
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it hit local highs of $21,012 on Bitstamp.
At the time of writing, the pair continued to explore territory out of reach for over six weeks.
Liquidations also kept flowing, with the past 24 hours delivering $750 million in liquidated positions on Bitcoin alone, according to data from Coinglass.
Cross-crypto liquidations totaled $1.43 billion, adding to what was already the highest tally in 2022 so far.
Are crypto trading bots legit?
While most popular crypto trading bots are offered for free, they do come with associated costs, such as trading commissions and withdrawal fees, that need to be evaluated before proceeding.
When choosing a crypto trading bot, investors need to weigh the pros and cons of “free” crypto trading bots compared to those that charge a flat monthly or annual subscription fee. Most popular crypto trading bots like Naga, Pionex, eToroX do not charge users for viewing but have trading commissions starting from as low as 0.05% for every trade executed via their platform.
This is especially pertinent for those whose daily trading volumes regularly exceed tens of thousands of dollars. The trading fees due over a month could be far more than the subscription fee charged by other competitors.
For example, cloud-based trading bots like CoinRule and CryptoHopper provide a free trial, after which users can be charged from as low as $19/month to as high as $450/month, depending on the plan and range of services selected. These trading bots make more sense for investors with high trading volumes and who want to enjoy these services from anywhere in the world.
That said, investors or traders looking to purchase or rent a crypto trading bot need to verify if their crypto exchange supports bots. For example, CoinBase does not allow trading bots to interact with its platform, providing that utility with its CoinBase Pro platform.
Binance Oracle network to bridge Web3 and blockchains via smart contracts
For starters, Binance Oracle will allow existing decentralized applications and Web3 ecosystem partners on BNB Chain to access data sources and advanced computations.