Bitcoin price rally above $70K could supercharge ETH, SOL, DOGE and SHIB

October 20, 2024 Coin Telegraph

Bitcoin

Bitcoin’s bullish weekend price action could be a sneak peek of what’s to come this week. Will ETH, SOL, DOGE, and SHIB follow?

Bitcoin (BTC) has risen roughly 9% this week, indicating solid buying by the bulls. The up move is facing resistance near $69,000 but the bulls are not exiting their positions in a hurry. That suggests the buyers anticipate the rally to extend further.

Trading firm QCP Capital told its Telegram channel subscribers that the rising United States equities markets and a weakening trend in the Japanese yen are likely to boost risk-on sentiment leading to the US elections. That “will propel risk assets higher and support our Uptober narrative,” the firm added.

Crypto market data daily view. Source: Coin360

Massive ,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Crypto founders should stop chasing narratives and start creating them

October 20, 2024 Coin Telegraph

Bitcoin Price

Founders and entrepreneurs need to stick to their guns if they want to make a difference in the industry.

People have always told stories to make sense of the world. Life is complicated, and we develop narratives to help explain it. And while the crypto sector is built around breakthrough innovations and farsighted vision, it is no less prone to narrative-building than any other sphere of human activity.

Trends appear and recede. Zero-knowledge proofs, staking and parallel execution have all trended at various points, only to be overtaken by the next hot thing.

It is natural for people to follow narratives in an attempt to “ride the wave.” Founders of early-stage projects are no different, often trying to steer their vision toward ideas that can garner outsize attention and funding.

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

$556M in spot Bitcoin ETF inflows signals major shift in investor sentiment

October 20, 2024 Coin Telegraph

Bitcoin

Bitcoin ETFs see record daily inflows as institutional investors drive adoption and BTC’s ongoing price surge.

Spot Bitcoin exchange-traded funds (ETFs) in the United States witnessed their most significant single-day inflows in over 120 days on Oct. 14.

With more than half a billion dollars pouring into the funds, Bitcoin’s (BTC) price topped $67,800 — its highest in more than three months.

ETF Store president Nate Geraci described the event as a landmark day for spot BTC ETFs, noting that they were approaching $20 billion in net inflows over the previous 10 months.

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Memecoin craze fuels Solana price rally — Is $180 SOL the next stop?

October 19, 2024 Coin Telegraph

Memecoin craze fuels Solana price rally — Is 0 SOL the next stop?

Coin Telegraph

A sharp uptick in Solana network activity and the blockbuster performance from memecoins back SOL’s rally toward $180.

Solana's native token, SOL (SOL), gained 12.1% from Oct. 11 to Oct. 18 and data suggests that the upward momentum was partially driven by demand for memecoins. Increasing demand translates to higher network volumes, fees, and total value locked (TVL).

Traders are now debating whether the memecoin craze is sustainable and how SOL's price can continue to benefit from the surge in network activity.

While there is no fundamental basis for the surging demand for memecoins, it is clear that influential social media accounts direct traders' attention to the tokens. Take this Oct. 12 post from pwnlord69 as an example.

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

BlackRock to integrate BUIDL fund as collateral for Binance, OKX, and Deribit

October 18, 2024 The Crypto Briefing

Crypto Briefing

BlackRock is in discussions to integrate BUIDL as collateral on Binance, OKX, and Deribit, aiming to transform crypto derivatives markets.

The post BlackRock to integrate BUIDL fund as collateral for Binance, OKX, and Deribit appeared first on Crypto Briefing.

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Billionaire Investor Stanley Druckenmiller Says Markets Know Who Will Win the US Election

October 18, 2024 Bitcoin.com

bitcoin.com

Billionaire investor Stanley Druckenmiller recently explained that markets predict Donald Trump’s victory in the upcoming presidential election. In an interview with Bloomberg, Druckenmiller declared that while he remained unconvinced about this, market indicators pointed to Trump clinching the U.S. presidency. Stanley Druckenmiller: Markets Are Anticipating Trump’s Victory Legendary investor Stanley Druckenmiller has shared his insights […]

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Dogecoin soars 10% as Elon Musk unveils D.O.G.E initiative in first campaign swing for Trump

October 18, 2024 The Crypto Briefing

Crypto Briefing

Musk's political involvement may influence crypto markets and voter dynamics, potentially reshaping campaign strategies and economic policies.

The post Dogecoin soars 10% as Elon Musk unveils D.O.G.E initiative in first campaign swing for Trump appeared first on Crypto Briefing.

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Bitcoin price drops under $67K as investors chase profit in stocks

October 18, 2024 Coin Telegraph

Bitcoin price drops under K as investors chase profit in stocks

Biden

Bitcoin pulled back from its range high as investors moved to greener pastures, but a possible misstep by the SEC could benefit BTC.

Bitcoin (BTC) briefly ventured above $68,000 on Oct. 16, the highest level since August, but holding this level proved harder than anticipated. With Bitcoin price now trading below $67,500, the primary question at hand is whether BTC price can restore its bullish momentum.

Stronger-than-expected economic data in the United States reduced investors’ appetite for alternative hedging instruments, while a strong earnings report by TSMC shifted traders’ attention to the stock market.

The macroeconomic environment played an important role in Bitcoin’s rejection at $68,000, but one event in the cryptocurrency industry in particular has triggered expectations of a more benevolent attitude toward crypto from the current Biden-Harris administration.