The U.S. Federal government officially shut down at midnight Wednesday after Congress failed to pass a temporary spending bill. Government Shutdown and Surprise Private Sector Jobs Data, Send Investors Fleeing to Bitcoin The U.S. Federal government machinery came to a grinding halt at midnight on Wednesday after Senate Republicans and Democrats failed to pass a […] Original
Key Notes Zcash jumps to $105, ranking 64th by market cap after climbing 28 spots in less than two weeks. Google searches for “zcash” and “privacy coins” surge to record levels, signaling mainstream curiosity. Advocates cite protocol upgrades, community strength, and Monero comparisons as growth catalysts. Zcash ZEC $118.0 24h volatility: 57.6% Market cap: $1.94 B Vol. 24h: $733.68 M continues its price rally, accumulating nearly 300% gains in a year and over 150% gains in the last 30 days, gathering attention from different sectors, seeing Google searches for related…
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Bitcoin pushes past $117,000 as altcoins rally, yet a palpable caution lingers. The gains feel fragile, with traders’ eyes locked not on charts but on a paralyzed Capitol Hill, knowing political chaos could trump technical momentum. Summary Bitcoin climbs above $117K as a 4% market rally lifts altcoins like Solana, XRP, and Dogecoin. Gains come as the U.S. government shuts down, fueling volatility and caution among traders. Analysts warn the fiscal deadlock may heighten short-term risks, though long-term market impact could be limited. The U.S. government entered a shutdown early…
Key takeaways: Yields on US 10-year Treasurys declined, highlighting growing risk aversion and demand for safe-haven assets. Spot Bitcoin ETFs faced $430 million inflows while equities stayed muted, signaling potential decoupling from traditional markets. Bitcoin (BTC) reached a two-week high on Wednesday following the United States federal government shutdown. However, investors remain cautious, recalling that the 2018 shutdown triggered a sell-off amid concerns about slower economic growth. With no resolution in place, federal agencies were ordered to activate contingency measures, forcing hundreds of thousands of employees to stay home. Attention…
Bitcoin surged past the $115,000 level just a few hours ago, sparking speculation among investors about the potential for further upside. The move comes after weeks of tight consolidation that began in July, a period marked by choppy trading and indecision. Now, with momentum showing signs of returning, many analysts believe the next breakout could be aggressive, setting the tone for the final quarter of the year. Related Reading The reclaim of $115,000 has reignited bullish sentiment, with traders closely watching whether Bitcoin can build a base above this threshold…
Strategy’s Executive Chairman Michael Saylor claims that new IRS guidelines put Strategy in the clear when it comes to unrealized Bitcoin gains. Summary IRS won’t tax unrealized Bitcoin gains, says Michael Saylor Treasury overturned Biden-era guidance that would have affected Strategy Guidance intended to tax megacorporations that paid no taxes A new rule by the IRS comes as a significant boon to Bitcoin treasury firms. On Wednesday, October 1, Strategy Executive Chairman and former CEO Michael Saylor stated that the firm won’t have to pay taxes on its billions in…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io North America contains three super volcanoes in California, New Mexico, and Wyoming. The Long Valley super volcano in California erupted 760,000 years ago sending 150 cubic miles of ash across the country. This event took the lead as one of North America’s largest eruptions in history before collapsing down on itself and forming one of Earth’s largest calderas. Around the southern edges of the caldera hundreds of mines were dug deep into the earth to exploit the riches created by this volcanic…
Crypto pundit Mikybull Crypto has revealed that XRP has flipped green for the first time since 2017. Based on this, he predicted that the altcoin could record a rally of up to 500%, reaching $15 in the process. XRP Eyes Rally To $15 As Price Flips Green In an X post, Mikybull Crypto predicted that XRP could rally to between $5 and $15. This came as the analyst noted that the altcoin has flipped green on the quarterly chart for the first time since 2017. He suggested that the rally…
Key points: Bitcoin has broken above the $117,500 resistance, opening the gates for a retest of the all-time high at $124,474. Several altcoins have started a strong relief rally, signaling solid buying at lower levels. Bitcoin (BTC) closed September with gains of more than 5% and the bulls extended the gains on the first day of the new month by pushing the price above the stiff overhead resistance of $117,500. CoinGlass data shows that a positive monthly close in September has historically been followed by an average return of more…