The $120 billion USDT market cap could spill into Bitcoin and Ether, ending their seven-month downtrend and saving the “Uptober” narrative.
Bitcoin news
Bitcoin whale accumulation, chart technicals, and a declining stablecoin dominance hint at a BTC price bull run ahead.
Bitcoin has surpassed Ethereum’s market capitalisation by over $1 trillion and one crypto analyst pointed out it is a new all-time high “for the spread.”
Since its introduction in 1999, the euro has lost approximately 85% of its value against gold due to monetary inflation.
Before his indictment on criminal charges, NYC Mayor Eric Adams promised to turn the city into a major crypto hub.
To confirm a potential breakout from its current crab walk, Bitcoin needs to close the week above $68,700, according to market analysts.
Bitcoin bulls have more work to do for a major resistance flip while BTC price strength sees the highest daily close in over four months.
A crypto trader argued that it is easy for crypto market participants to be “convinced sentiment is one way or the other,” while claiming that the sentiment is not “that bullish currently.”
Traders believe that the approval of options for Bitcoin exchange-traded funds will inject much-needed liquidity into the markets.
The startup is onboarding Bitcoin miners representing a “sizable amount” of the Bitcoin network’s total hashrate, according to Alex Luce.