1. BTC Market TrendFrom October 17 to 20, the BTC spot price swung from $66,647.88 to $69,354.45, a 4.06% range. In the last three days, key statements from the Federal Reserve (Fed) and the European Central Bank (ECB) were as follows:1) On October 18, The Fed’s latest tool showed ample reserve leve

Bitcoin's bullish weekend price action might be a preview of the week ahead. Source:news.bitcoin.comBitcoin has gained about 9% this week, signaling strong buying interest from bulls. Although the price faces resistance around $69,000, bulls are holding their positions, indicating that they expect t

A recent paper by European Central Bank (ECB) economists Ulrich Bindseil and Jürgen Schaaf argues that Bitcoin's rise has primarily benefited early adopters while leaving many others economically disadvantaged. Titled “The Distributional Consequences of Bitcoin,” the paper suggests that Bitcoin's sp

SEC Approves NYSE and CBOE to List Spot Bitcoin ETF OptionsThe U.S. SEC has approved applications from the New York Stock Exchange and Chicago Board Options Exchange to list options on spot Bitcoin ETFs. This decision aligns Bitcoin ETF options with other commodity ETFs, such as those tracking preci

Cryptocurrency is becoming increasingly mainstream, with North America leading the global crypto market. According to a report from Chainalysis, the region received $1.3 trillion in onchain value between July 2023 and June 2024, representing 22.5% of global crypto activity. This growth has been larg

Analysts predict that Bitcoin price pullbacks are inevitable and advise traders to refrain from impulsive trading.Source: www.turkiyegazetesi.com.trAccording to crypto analyst Matthew Hyland, Bitcoin’s price needs to fall approximately 12% from its current level of $67,250 for skeptics to validate t

Significant Surge in Bitcoin Whale Trading Activity and Social Media DiscussionsOn October 17, Santiment reported a notable rise in Bitcoin whale trading and social media activity. The data revealed that the number of large transactions, each exceeding $100,000, reached a 10-week high, with 11,697 t

1. BTC Market TrendFrom October 14 to 16, the BTC spot price swung from $62,252.79 to $68,285.56, a 9.69% range. In the last three days, key statements from the Federal Reserve (Fed) were as follows:1) On October 15, Fed’s Daly said that monetary policy remains restrictive, with efforts to lower inf

Ethereum's futures open interest has reached a new all-time high, but historical data suggests that such peaks are often followed by a crash in ETH prices.Source: koinbulteni.comEther experienced a notable 8.8% increase between October 14 and 15, but it struggled to break through the $2,650 resistan

Italy is set to increase its capital gains tax on Bitcoin from 26% to 42% as part of an effort to fund election promises and address the fiscal deficit. Prime Minister Giorgia Meloni’s government cites the growing adoption of Bitcoin as a key reason for this decision, Bloomberg reported. This move c