Mask Network, 1inch and Shiba Inu ignore Bitcoin’s downtrend, posting 20% gains

The cryptocurrency market is back on the rocks on Oct. 27 as many of the top assets find themselves in the red on the day after Bitcoin (BTC) price dropped to $58,000 in the early trading session. Despite the wider struggles of the market, several altcoins have managed to post gains in excess of 22% as major protocol integrations and exchange listings have helped to buffer them against the wider market downturn. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and…

The Many Facts That Indicate Bitcoin’s Creator Satoshi Nakamoto Won’t Ever Come Back – Featured Bitcoin News

On January 3, 2022, the Bitcoin network will be celebrating its 13th year of life after its creator Satoshi Nakamoto kick-started the protocol. The creator of Bitcoin has always been the community’s most famous and mysterious character. Roughly ten years ago, Satoshi logged off, never to return and it’s very likely the inventor won’t ever come back. Communication Breakdown Satoshi Nakamoto invented the Bitcoin network and released the technology’s white paper on Halloween (October 31) 2008. The paper was authored by “Satoshi Nakamoto” using the email “satoshin@gmx.com” and the creator…

Taproot, Bitcoin’s Next Big Upgrade, Might Already Be Priced In

Now, as the original blockchain network prepares for its next big upgrade in November, known as Taproot, few investors are expecting a price reaction remotely on that scale. The bitcoin price has already doubled this year and hit a new all-time high near $67,000 last week. While further gains are possible, Taproot alone probably wouldn’t be the catalyst. Source

Roughly 11,000 entities represent 55% of Bitcoin’s on-chain volume

Researchers have found that roughly 11,000 entities are responsible for more than half of Bitcoin’s on-chain volume. According to a study published by the National Bureau of Economic Research (NBER) on Oct. 21, 11,043 on-chain entities represent 55% of volume on the Bitcoin network. Cryptocurrency exchanges were estimated to account for three-quarters of on-chain volume. The report found that the top 1,000-largest investors control roughly 3 million BTC or 15.9% of circulating Bitcoin, while the next 9,000-largest investors hold roughly 2 million BTC combined or 10.6% of circulating Bitcoin. The…

Swarm of Alternative Crypto Assets Outpace Bitcoin’s Gains by Double Digits This Week – Markets and Prices Bitcoin News

After the price of bitcoin tapped an all-time high above the $67K handle, it then dropped below the $60K zone to $59,510 per unit. Since then, the leading crypto asset has regained some of the losses and bitcoin is still up 2.4% during the last seven days. However, a great number of crypto assets have outperformed bitcoin’s weekly rise, capturing double-digit gains as high as 65.1%. Thorchain, Nexo, Near, Okb, Shiba Inu, Safemoon Values Spike Digital currency markets are on the move again as the $2.733 trillion market valuation of…

Solana Hits New Record High as Layer 1 Tokens Follow Bitcoin’s Gains

The bitcoin dominance ratio, which measures bitcoin’s market capitalization relative to the total crypto market capitalization, dropped to as low as 44.62% over the weekend, before it returned to roughly 45% on Monday, according to TradingView. The decrease in the dominance ratio in the past few days indicated that at least part of bitcoin’s momentum had shifted to other tokens (altcoins). Source

Is excessive bullish optimism behind Bitcoin’s drop below $60K?

Bitcoin (BTC) has a long history of forming local tops when events that are anticipated by the market occur. The recent Bitcoin exchange-traded fund (ETF) launch on Oct. 19 was no different and led to a 53% monthly rally to an all-time high at $67,000. Now that the price has briefly fallen below $60,000, investors are attempting to understand if the 10% correction was a healthy short-term profit taking or the end of the bull run. To determine this, traders need to analyze BTC’s previous price activity to evaluate the…

Mining Firm Titan Introduces Lumerin, a Project Aiming to Commodify Bitcoin’s Hashpower – Mining Bitcoin News

On October 21, the bitcoin mining pool operator Titan revealed a new decentralized hashpower routing protocol called Lumerin. The open-source project aims to commodify bitcoin’s hashpower “through smart contracts, making hashpower tradable.” Bloq’s Mining Arm Titan Announces the Lumerin Protocol The bitcoin mining operation Titan, a subsidiary of the company Bloq Inc., has announced its decentralized hashpower routing protocol, “Lumerin.” Titan says that bitcoin mining companies “tend to be concentrated in regions that offer cheap electricity, favorable regulation, and stable infrastructure” and it aims to solve centralization via software. The…

Analyst Suggests Bitcoin’s Bottom Could Be $50K Assuming BTC Surpasses $200K This Cycle – Market Updates Bitcoin News

The price of bitcoin in October has shown signs of a double-bubble similar to the bull run in 2013, and speculators have been trying to guess the leading crypto asset’s top. On October 20, cryptocurrency market analyst Justin Bennett discussed bitcoin’s possible price floor after it reaches the top. Bennett suggests the end of this cycle could be between $207,000 and $270,000. Assuming bitcoin crosses $200K per coin, Bennett thinks the digital asset’s bottom after an 80% pullback will be around $50K. ‘2013 Vibes,’ ‘End-of-Cycle Targets,’ and Searching for the…

CRASH EM OUTUBRO? EUA VAI PROIBIR BITCOIN?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Finclass – Aprenda a investir com os melhores do mundo: 1) Crypto Fear and Greed: É um indicador de sentimento do mercado de criptomoedas, que demonstra quão otimistas ou pessimistas estão os investidores. 2) Múltiplo de Mayer: Indica a relação entre o preço atual do Bitcoin e o preço médio ao longo dos últimos 200 dias. Historicamente, valores muito altos (acima de 2,4) costumam indicar possíveis topos, e valores muito baixos (abaixo de 1,0) possíveis fundos. O vídeo de hoje trata da…