Bitcoin (BTC) price is trading near $111,000, up almost 2% in the past 24 hours and about 63% higher year-on-year. The broader trend remains bullish, but one familiar signal has reappeared – the same one that sparked a 15% rally last month. Now, the only thing standing in the way is one critical resistance level.
Hyra Network announced a strategic partnership with XDC Network, creating decentralized AI infrastructure and enterprise-grade blockchain technology. This collaboration marks a crucial moment in the consolidation of Decentralized Physical Infrastructure Networks (DePIN) and institutional finance. Both platforms utilize their unique strengths to enhance new opportunities in global trade. Enterprise Blockchain Meets Sovereign AI Hyra Network
Dock Labs, a prominent decentralized identity infrastructure provider, has announced its new partnership with GSMA, TMT ID, and Telefónica Tech. The partnership is devoted to establishing a privacy-focused, secure, and faster verification procedure via a decentralized and trusted digital identity mechanism. As mentioned in Dock Labs’ official social media announcement, the development denotes a joint
Around 47,000 Bitcoin options contracts will expire on Friday, Oct. 24, and they have a notional value of roughly $5.1 billion. This expiry event is a little larger than last week’s, but there is unlikely to be any impact on spot markets, which have been mostly sideways in the past several days. The US government
Key Takeaways BlackRock clients bought $107.8 million worth of Bitcoin in a single day, showing strong institutional demand. BlackRock’s spot Bitcoin ETF facilitates easier exposure to digital assets for traditional investors. BlackRock’s IBIT purchased $107.8 million worth of Bitcoin today, reflecting continued institutional demand for the leading cryptocurrency through the asset management giant’s exchange-traded fund
Cathie Wood, founder and CEO of Ark Invest, announced an investment in Japan-based Ethereum treasury management company Quantum Solutions. Cathie Wood Invests in Japanese Ethereum Treasury Company Quantum Solutions Wood made the announcement on social media platform X (formerly Twitter), stating that this step is part of a strategy to expand innovative investment channels in
According to the CryptoQuant weekly report, the Bitcoin (BTC) bull market cycle is not over yet, with short-term support level located around $100,000. CryptoQuant: Bitcoin Bull Cycle Not Over Yet, Short-Term Support at $100,000 According to on-chain data, the total balance of whale addresses holding between 100 and 1,000 BTC has reached approximately 5.16 million
While the announcement that the US and Chinese leaders will meet on October 30 has somewhat alleviated trade-related market concerns, investors in global markets are now focused on today’s US Consumer Price Index (CPI) data. The continued government shutdown in the US restricts access to critical data released by public institutions and makes it difficult
JPMorgan will allow its institutional clients to use Bitcoin (BTC) and Ethereum (ETH) as collateral in the cryptocurrency space, Bloomberg reported. This move by JPMorgan represents a significant step in integrating cryptocurrencies into traditional financial systems. JPMorgan Takes Huge Step into Bitcoin and Ethereum! JPMorgan Chase & Co. plans to allow its institutional clients to
Bitcoin has not escaped its volatile nature and could still lose as much as half its value under certain circumstances, warns BitMine chair Tom Lee. “I’m sure there will be 50% drawdowns,” Lee said during an interview published on Thursday with crypto entrepreneur Anthony Pompliano. There has been an increasing number of market participants in