Transaction URL: https://etherscan.io/tx/0x7c170ad1ba1fd205e96a5bd51763643ac49540a8ba87397a2b444f75e60096fc
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Key Bitcoin BTC/USD indicators suggest the apex crypto could be on the verge of a significant rally as a veteran analyst downplays the influence of the presidential election on Bitcoin’s trajectory.
What Happened: Bitcoin could be set for another rally, according to crypto analyst Caleb Franzen, who observed a sharp shift in a momentum indicator used by traders to gauge buy and sell signals.
This shift from oversold to overbought territory over a 16-week period has previously led to Bitcoin price gains of 52% and 113%, suggesting bullish potential if history repeats.
I’m just seeing this now for the first time.#Bitcoin’s 16-week Williams%R made a momentum thrust in…
Read more on Benzinga
On October 28, 2024, the daily net flow of U.S. Bitcoin ETFs demonstrated significant positive trends, showcasing a robust influx of investments into several key funds. BlackRock’s Bitcoin ETF (Ticker: IBIT) led the day with an impressive net inflow of 4,368 BTC, highlighting strong investor confidence and demand for this ETF.
Fidelity’s Bitcoin ETF (Ticker: FBTC) also saw a substantial inflow, with 852 BTC added, while ARK’s Bitcoin ETF (Ticker: ARKB) received a notable increase of 499 BTC. These inflows reflect ongoing investor interest in diverse Bitcoin investment vehicles.
Conversely, Invesco Galaxy’s Bitcoin ETF (Ticker: BTCO) experienced a significant outflow of 399 BTC, marking a downturn for the fund on this particular day. Grayscale’s GBTC also saw a reduction, losing 112 BTC.
Overall, the total Bitcoin holdings for these ETFs rose to 972,576 BTC, resulting in a net increase of 5,246 BTC for the day, valued at approximately $361.7 million. This dynamic illustrates the vibrant activity within the U.S. Bitcoin ETF market, signaling strong market movements and investor interactions.
Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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This weekend I finally got around to watching Money Electric, the HBO documentary that “reveals” Bitcoin Core contributor Peter Todd as the true identity behind Satoshi Nakamoto. It’s three weeks old by now and already forgotten by the 24-hour social media cycle, but as someone who wrote a book on the origin story of Bitcoin I still felt I had to hear them out— perhaps just to comment on it in a Take. (As I am indeed doing…
Read more on BitcoinMagazine
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Are we really about to see the takeoff of GameFi?
It might be slightly too early to tell — though I hosted an hour-long X Spaces the other week that ended up primarily focusing on gaming — but I gotta say it looks far more promising this cycle when compared to the last time around.
We’ve previously written about Off the Grid, but I want to zoom out and look at GameFi as a whole. Right now, the sector is facing a “pivotal phase of expansion,” according to a report from Nansen and Slice Analytics.
I caught up with Slice co-founder Tim Conrad on gaming, given the attention bump it…
Read more on Blockworks
We can’t transcend politics ‘because we have bitcoin now, bro’. Sometimes I see this kind of t-shirt or sentiment being shared online, but it’s simply misguided.
Just to prove I’m not strawmanning, here’s another similar example:
If you just mean “I’m not interested in politics” or you don’t like one particular party’s politics, that’s one thing, but it’s still not sufficient to secure your own liberty. As the…
Read more on BitcoinMagazine
Hong Kong’s Securities and Futures Commission (SFC) anticipates licensing additional digital-asset exchanges by the end of 2024, signaling a strong commitment to establishing the city as a global hub for digital assets. This development follows a thorough five-month inspection of provisional platforms, according to SFC executive director Eric Yip during the annual Fintech Week.
The city, which pledged in 2022 to enhance its stature as a financial center, expects to publish a finalized list of exchanges transitioning from provisional to full licenses by year-end. “Applicants have embraced our feedback, demonstrating readiness to invest in robust regulatory practices for sustainable business growth,” Yip noted.
Further regulatory enhancements include the formation of a consultative panel by early 2025 to ensure ongoing cooperation between the licensed exchanges and the SFC. This initiative complements plans to refine regulations for crypto-focused trading desks and custodians, enhancing Hong Kong’s appeal as a secure and dynamic financial hub.