Bitcoin failed to find support at $107,000 as its rebound stopped short of a bull market comeback; analysis warned of new “OG selling pressure” to come.
SoFi CEO Anthony Noto says the bank also plans to introduce a stablecoin called SoFi USD and views blockchain and crypto as a “super cycle technology.”
Bitfinex says macro conditions signal consolidation, but others are optimistic that Bitcoin will gain as usual in November.
Analysts say Bitcoin may be starting its Wave III expansion, and if it plays out according to the pattern, BTC could reach the $200,000 to $240,000 range.
Speaking with Cointelegraph, 10T Holdings founder Dan Tapiero explained why Bitcoin’s fundamentals remain strong even as a 70% downturn looms in the next bear phase.
Despite $1.7 billion in spot Bitcoin and Ether ETF outflows, whale accumulation and altcoin inflows continue to stabilize sentiment across the broader crypto market.
Michael Saylor’s company increased its acquisition of BTC over the previous week by purchasing 487 coins to add to its $67 billion treasury.
Despite October’s crash, the end of the US government shutdown could bring “bulk approvals” for altcoin ETFs, catalyzing the next wave of institutional inflows, according to Sygnum.
Some critics argue the threat posed by quantum computers is overblown, including Strategy chairman Michael Saylor, who has once called it a marketing ploy to pump quantum-branded tokens.
TeraWulf reported the average price of Bitcoin during Q3 was $114,390, compared to only $61,023 for the same period last year.