Transaction URL: https://etherscan.io/tx/0xfeb56ec3e98fc1771d57b8bd579df833b3cba7d751bf34998b79ebf23fff3169
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Bitcoin has historically experienced strong gains in October, and this trend seems to be holding, with BTC surpassing $66,000 and ETH reaching a two-week high.
After eclipsing that level, bitcoin’s price had settled around $65,850 by 4 pm ET — up 4.8% from 24 hours prior. Ether was trading at about $2,620 at that time, a 6% gain from a day ago.
Seasonal trend analysis continues to point to the so-called “Uptober” narrative and strong fourth quarter performance despite the month’s “patchy” first couple of weeks, according to LMAX Group market strategist Joel Kruger.
Read more: As BTC rallies after jobs report, what are the ‘Uptober’ odds?
“Bitcoin and…
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Follow Nikolaus On X Here
Kamala Harris announced today she is “supporting a regulatory framework for cryptocurrency and other digital assets so Black men who invest in and own these assets are protected.”
Nope, that’s not clickbait: Harris’s first specific crypto policy is here, and it’s race-based.
As a Bitcoiner, I have to say, this is a huge misstep, and it shows Harris in no way understands Bitcoin, a network where everyone already has equal…
Read more on BitcoinMagazine
Follow Frank on X.
At this year’s Oslo Freedom Forum, gigabrain Lyn Alden made the case that bitcoin is now liquid enough to be used in a human rights context, a compelling argument and one with which I agree.
Bitcoin, which now has a market cap of over $1.2 trillion, is less volatile than it was a decade ago and can now more readily be used to help empower those who’ve historically been financially disenfranchised. (The larger an asset’s market cap, the…
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Bitcoin’s value has soared, crossing the $65,000 threshold for the first time this month, according to CoinGecko. As of early Monday, it had climbed further to surpass $66,000. Despite a sluggish start to October, a month historically known for its substantial market gains and referred to as “Uptober” by traders, Bitcoin has impressively surged over 6% in just 24 hours.
This upswing coincides with an influx of investments into new Bitcoin exchange-traded funds (ETFs), following the Federal Reserve’s recent decision to lower interest rates, which had previously reached record highs. This reduction has benefitted cryptocurrencies, which tend to perform well when interest rates are lower, reflecting their status as “risk-on” assets.
The broader crypto market is also experiencing a rally, with Ethereum and Solana posting similar gains. Ethereum’s price has increased by nearly 6% over the past day, reaching $2,620.59, while Solana has jumped to $155 per coin, marking an equivalent rise. This surge represents a significant rebound from earlier volatility fueled by geopolitical tensions and economic uncertainties.
The price of MicroStrategy stock surging above $200 last week, the MSTR bulls were out in force last week, insufferably posting about how Michael Saylor’s tech firm, a once dead tech company from the dot-com era, will outperform everything again this cycle.
Look, I’m not going to even start parsing the hokum. You can follow BitPaine, Dan Hillery, or one of the hundreds of Bitcoin X accounts which now comprise the MSTR bull twitterverse.
There’s videos, threads, and of course, a lot of people who are irresponsibly long…
But the general gist is this:
Michael Saylor’s has decided to buy over 200,000 BTC, and to keep buying Bitcoin until the fiat system collapses. He will continue… Read more on BitcoinMagazine
Germany’s Samara Asset Group (SRAG) is set to energize the cryptocurrency sector by issuing a €30 million bond, aimed primarily at expanding its bitcoin reserves. With Pareto Securities orchestrating the process as the sole manager, this senior secured Nordic bond will finance the acquisition of additional stakes in alternative investment funds and boost the company’s bitcoin holdings. Patrik Lowry, CEO of Samara, highlights this strategic move to solidify their financial base and venture further into emerging technologies.
Bitcoin, as Samara’s primary treasury reserve asset, underscores the firm’s commitment to digital currency. The proceeds from the bond issue will not only enhance Samara’s liquidity but also strengthen its diverse investment portfolio. The bond, guaranteed by Samara Asset Holdings Ltd., will be available for subscription on the Oslo and Frankfurt stock exchanges, starting from a minimum of €100,000.
Expressing his optimism, Lowry took to X to share his vision, affirming Samara’s long-term strategy in cryptocurrency. “We are forever #HODL’ers and believe technology best drives humanity forward!” This initiative marks a significant step towards integrating traditional financial strategies with the innovative realm of cryptocurrencies.