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Historical data shows that October is traditionally the strongest month for Bitcoin. According to research by analyst Marcus Thielen, the average return for BTC during this period over the past 10 years was 21.6%. Of all the years observed, only one…
On September 30, the US government suspended operations for the first time since 2018. Bitcoin, the leading cryptocurrency, rose 3.2%, breaking through $116,000. Binance BTC/USDT hourly chart. Source: TradingView. The shutdown was caused by the lack of agreement between Republicans and…
Bitcoin is consolidating above $114,000, while gold continued to set new all-time highs – and traders are now confident that BTC is ready to follow suit. BTC/USD 1-day chart. Source: Bitstamp $115,000 – Critical Resistance “Bitcoin is currently forming a hidden…
Cryptocurrency assessments by the world's brightest minds play a special role for investors. The market reacts when individuals with a reputation for intellectual excellence express their opinions on Bitcoin or blockchain. Investors look for confirmation of their expectations or a reason…
Bitcoin typically rises in October: over the past ten years, BTC has more often than not ended October in positive territory, particularly in 2017 and 2021, when its value increased by 49% and 40%, respectively. However, this situation could change this…
Bitcoin's historic gains in October suggest potential for a strong Uptober rally. The whale sell-off and slowdown in institutional activity point to short-term market fragility. Technical strength suggests buying conditions on the decline, supporting the move to new highs. Since the…
Bitcoin's technological advantage could make it the most widely used online savings tool, says Dominic Frisby, author of the Flying Frisby newsletter and MoneyWeek's chief columnist. The author of Bitcoin: The Future of Money?, Frisby, believes that the idea of Bitcoin…
In September, the Bitcoin (BTC) market demonstrated rare resilience. According to Binance, the price ranged from $108,000 to $117,000, failing to reach new highs but remaining at historically high levels. This consolidation was accompanied by stable network activity and no signs…
Michael Saylor's Strategy Inc., the world's largest public holder of Bitcoin, increased its holdings of the cryptocurrency after the price of BTC fell below $110,000 last week. Strategy purchased 196 bitcoins for $22.1 million during the week ending Sunday, according to…
A Massachusetts State Assembly committee plans to hold hearings on a Bitcoin Strategic Reserve bill first introduced in February. On Friday, the Massachusetts Joint Tax Committee will hold a hearing on the “Bitcoin Strategic Reserve” bill, introduced by Republican State Senator…
Bitcoin is back in the spotlight after a sharp drop below $110,000, raising concerns about its short-term recovery. The king of cryptocurrencies quickly recovered its losses, rising above $111,800 during the day. Growing investor confidence could pave the way for another…
Gold prices soared to a record $3,812 amid concerns about a US economic shutdown and bets on a Fed rate cut. Silver and platinum rose to decade highs as dollar weakness boosted metals prices. Bitcoin is consolidating at $12,000, but analysts…