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Altseason stifled by lack of fresh inflows into sector — Analyst

“Altcoin markets are currently a zero-sum player versus player game,” market analyst and CryptoQuant CEO Ki Young Ju wrote.

The total altcoin market capitalization is still below the all-time high recorded in November 2021, with capital circulating between projects and capital inflows remaining stagnant.

Ki Young Ju, market analyst and CEO of CryptoQuant, compared the current altcoin market cap to that of Bitcoin (BTC), which has doubled since 2021, and said, “Only a few altcoin projects with strong use cases and narratives will survive.”

According to Total3 — the total market capitalization of all cryptocurrencies excluding Bitcoin and Ether (ETH) — altcoins currently have a market cap of roughly $943 billion.

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Crypto headed for ‘Banana Singularity’ where everything goes up: Analyst

Real Vision CEO Raoul Pal says the next phase will be an altcoin season “when everything goes up," followed by a bigger consolidation.

Crypto markets are in the “Banana Zone” and heading into a “Banana Singularity,” or a period “when everything goes up,” according to Real Vision co-founder and CEO Raoul Pal.

The “Banana Zone” is a term coined by Pal to describe a period of significant upward price movement.

“Yes, we are still in the Banana Zone,” macro investor Raoul Pal said on X on Jan. 10, before adding that the first phase of this bull market was the breakout in November last year. 

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Bitcoin and Crypto Markets Dip As North Korean Hacking Threat Triggers $112,000,000 in Outflows From Hyperliquid

Bitcoin and Crypto Markets Dip As North Korean Hacking Threat Triggers 2,000,000 in Outflows From Hyperliquid

Bitcoin led a crypto market correction early Monday, taking BTC to the $92,762 level and putting it down over 12% over the last seven days. At the tail end of the weekend, well-known blockchain security expert Taylor Monahan who works for crypto wallet MetaMask reported that several addresses linked to the DPRK were trading on […]

The post Bitcoin and Crypto Markets Dip As North Korean Hacking Threat Triggers $112,000,000 in Outflows From Hyperliquid appeared first on The Daily Hodl.

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Bitcoin Taps Intraday High of $76.4K—Is This the Start of a Golden Bull Era?

Bitcoin Taps Intraday High of .4K—Is This the Start of a Golden Bull Era?Bitcoin (BTC) hit a peak of $76,481 on Bitstamp shortly after 3 p.m. EDT Wednesday. By 7:30 p.m., the flagship cryptocurrency hovered at $75,297 per coin. Market Chaos as Bitcoin Short Sellers Take a $242M Hit The day brought bitcoin a solid gain of over 9% against the U.S. dollar as of 7:30 p.m. It’s […]

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Bitcoin hits $70K amid huge ETF inflow streak

Bitcoin has topped $70,000, its highest price since June after US-based ETFs surpassed total net inflows of over $22 billion.

The price of Bitcoin has just crossed the $70,000 milestone for the first time since June 10 following two strong weeks of inflows into the United States spot Bitcoin exchange-traded funds (ETFs).

Bitcoin (BTC) jumped by 3% in the last day to a high of $70,150 on Oct. 28 before falling back below $70,000, TradingView data shows.

Bitcoin’s change in price over the 24 hours. Source: TradingView

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Retail investors increasingly buying crypto despite volatility: IOSCO

Crypto ownership among retail investors continues to increase despite market setbacks over the past four years. 

Crypto ownership has significantly increased among retail investors since 2020, according to the Board of the International Organization of Securities Commissions (IOSCO), which called for more investor education about the space.

Fifteen out of 24 surveyed jurisdictions reported up to 10% or more of retail investors owned crypto last year, while six jurisdictions reported up to 30% or more crypto ownership, according to an Oct. 9 IOSCO report.

This is a steep increase from 2020, when half of the responding jurisdictions estimated that between 1% and 5% or less of investors owned crypto.

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SPX Tops the Charts This Week Jumping 193%, CVC and FTT Also See Gains

SPX Tops the Charts This Week Jumping 193%, CVC and FTT Also See GainsAccording to recent data, bitcoin and ethereum have experienced modest improvements in the last 24 hours, but both have dropped against the U.S. dollar over the week, with losses ranging from 0.8% to 5.5%. However, several other crypto assets saw impressive gains, with spx6900 (SPX) stealing the spotlight by skyrocketing 193%. This Week’s Crypto Gainers […]

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QCP Capital Analyzes Bullish Macro Trends Impacting Bitcoin and Risk Assets

QCP Capital Analyzes Bullish Macro Trends Impacting Bitcoin and Risk AssetsAccording to QCP Capital’s latest analysis, macroeconomic conditions are becoming increasingly favorable for risk assets, including cryptocurrencies. Central bank policies, particularly from China and the U.S. are playing a crucial role in shaping market sentiment. QCP Capital: Central Bank Moves Boost Outlook for Crypto QCP Capital‘s analysis on Wednesday highlights a series of macroeconomic developments […]

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Fed rate cut may be politically motivated, will increase inflation — Arthur Hayes

The former BitMEX boss said the Fed has acted in the interests of presidential candidate Kamala Harris. 

BitMEX co-founder Arthur Hayes believes the United States Federal Reserve’s recent rate cut was likely politically motivated and could impact markets and inflation. 

Speaking to Cointelegraph at Token2049 in Singapore on Sept. 18, Hayes shared his thoughts on the Fed’s recent action, speculating it could be part of an effort to bolster support for the Democratic Party: 

On Sept. 18, the Fed cut US interest rates by 50 basis points in a move widely anticipated by investors and analysts.  

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Calm Markets: Stocks, Crypto, and Gold Show Little Movement Post CPI

Calm Markets: Stocks, Crypto, and Gold Show Little Movement Post CPIThe latest consumer price index (CPI) from the U.S. Bureau of Labor Statistics shows that inflation cooled to 2.5% in August, marking the slowest rate since 2021. Meanwhile, core CPI, which strips out the fluctuating food and energy sectors, posted a 0.3% increase for the month. Stocks, Bitcoin, and Gold Unmoved by CPI Data On […]

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