Crypto traders have long termed October as “Uptober” in colloquialism that nods to the month’s tendency in delivering the biggest rallies for bitcoin. But this year’s record is shaping to be the worst since 2015, so far. Bitcoin is down 5% month-to-date, trading near $107,000 in late Asian hours on Sunday, CoinGlass data shows. The
Bitcoin BTC$107,542.19 investors, it’s time to buckle up. Jon Glover, Elliott Wave analyst and Ledn’s Chief Investment Officer, known for his precise market forecasts, is going against the bullish consensus with a stark warning: The bitcoin bull market that began in early 2023 appears to be over following a recent fall from $126,000 to $104,000.
Mexican billionaire businessman Ricardo Salinas Pliego claimed that Bitcoin (BTC) will increase in value by at least 14 times, catching up with gold and then outperforming it. “Bitcoin will rise at least 14x (to about $1.51 million) and catch up with gold, then continue to surpass it. Save this post,” Salinas wrote in a post
Key Takeaways Alibaba’s Ant Group and JD.com have stopped their stablecoin projects due to instructions from Beijing. These projects focused on yuan-based digital assets developed by major technology firms in China. Chinese tech giants, including Alibaba’s Ant Group and JD.com, have halted their stablecoin development projects following direct intervention from Beijing, according to the Financial
Mt. Gox trustees face a deadline on Oct. 31 to complete Base, Early lump-sum, and Intermediate repayments for Bitcoin creditors (BTC), with roughly 34,689 BTC still sitting in Mt. Gox-linked wallets as the clock ticks down. The Tokyo court extended the original cutoff date of Oct. 31, 2024, by one year after processing delays and
Bitcoin ($BTC), the leading crypto asset, is still going through a pullback despite a visible ease after the wide-scale leverage flush. Even though the cascading liquidation risk is below its peak levels, Bitcoin ($BTC) is facing considerable resistance while seeking a rise in open interest (OI). As per the data from Axel Adler Jr., a
Tokenization is moving from pilots to practice. The World Economic Forum projected that private equity and venture capital markets could grow to about $700B, which is expected to be tokenized. That potential scale would still reshape global finance. APAC is already moving ahead. Hong Kong’s spot ETFs drew $400 million on day one. Japan is
Following the flash crash of last week, the Bitcoin price has once again sunk to similar depths, albeit in a more steady price correction. Notably, the leading cryptocurrency dipped below $105,000 on Friday as crypto liquidations rose to above $1.2 billion. However, underlying investor buying activity paints an encouraging picture of a potentially bullish rebound.
Bitcoin’s weekly chart is at a pivotal point, with price action hovering around key structural levels. Traders are now questioning whether the current move marks the start of a deeper correction or just a healthy consolidation before the next leg up. Elliott Wave Signals Align With Developing Correction Elliott Waves Academy, in its latest analysis
Bitcoin’s comparative performance against gold has drawn attention following technical data that show oversold levels have been seen over the past decade. According to historical analysis shared by market analyst Crypto Rover, the Bitcoin-to-gold (BTC/XAU) ratio shows cycle patterns that align with Bitcoin halving events, which often precede major bull markets. WE’VE SEEN THESE OVERSOLD