Transaction URL: https://blockchain.com/btc/tx/8d8c6db2773464f2141697fbe63f93736710a487211e8dbda7c366cb5dbbdeac
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$71,000.
Bitcoin’s managed to retake $70K after months of trying. We haven’t seen it above this level since it carved out a fresh all-time high in spring.
And now — just a week before the US election — we’re enjoying a small breakout. However, Ledn’s John Glover believes that we need to see a two-day close above $73,000 before he expects any real moves higher.
But if bitcoin manages to hold on to that level, expect a “rapid move towards $80,000.”
Still, he’s not so sure we’ll go any higher. When we previously chatted with him, he thought he could see a move toward…
Read more on Blockworks
Crypto-related stocks MicroStrategy Inc MSTR and Coinbase Global Inc COIN are trading higher Tuesday as Bitcoin BTC/USD prices move higher. Here’s what you need to know.
What To Know: The price of Bitcoin crossed the $71,000 level Tuesday morning for the first time since June, driving strength in the broader crypto market and in crypto-related stocks. Bitcoin was up 3.76% over a 24-hour period, trading around $71,600 at last check.
The Bitcoin surge coincides with significant Bitcoin ETF inflows of approximately $479 million on Monday. Bitcoin ETFs have seen inflows in 11 of the past 12 trading days alongside increased derivatives activity.
Coinbase appears to be rising on…
Read more on Benzinga
Look, I like a certain kind of Bitcoin shirt.
Follow Rizzo on X
https://x.com/pete_rizzo_/
Yes, the tacky ones with famous one-liners are fine, and so are the conference hand-outs. I, too, collect relics from crypto tragedies, holding on to my BitInstant and BlockFi t-shirts for posterity.
But, let’s be honest. Who wears these kinds of things in public?
When it comes to Bitcoin clothing, I still want something that fits into my day to day. Something that, you know, looks like streetwear, but that won’t attract attention, unless…
Read more on BitcoinMagazine
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The exchanges are decentralizing.
Kraken is positioning its upcoming Ethereum layer-2, Ink, as a venue built specifically to onboard new users to the DeFi space. Existing Kraken customers would form the bedrock of that brave new world.
Coinbase’s own blockchain, Base, meanwhile has carved out its existence by encouraging anyone to build anything and everything onchain — “literally anything under the sun,” as Ink founder Andrew Koller put it to Jason Yanowitz on today’s Empire podcast.
Rather than shaping a place to run your ice cream truck or dog walking service onchain, Ink is…
Read more on Blockworks
Youthful enthusiasm for cryptocurrency is surging in Indonesia, where a significant majority of crypto investors are under 30. Findings from the Commodity Futures Trading Regulatory Agency (Bappebti) highlight that 62% of the country’s 21.3 million crypto users fall within this age bracket. The zeal for digital currencies among these younger cohorts is underscored by a robust transaction volume reaching 33.7 trillion Indonesian rupiah ($2.1 billion) just in September.
Despite facing a dual tax system on crypto transactions, Indonesian millennials and Gen Zs continue to actively trade major digital assets like Bitcoin, Ether, and Tether, among others. This resilience is reflective of a global trend where younger demographics are increasingly drawn to crypto investments, outpacing older generations in places like the United States.
Recognizing the potential of digital currencies to become a staple in the financial sector, Bappebti has called for a reassessment of the prevailing tax policies. This move could foster a more conducive environment for the growth of crypto markets in Indonesia, aligning with the interests of its burgeoning investor base.