Bitcoin might be moving sideways, but Jordi Visser says there is still faith in the underlying asset, as shown through ETF approvals and the Bitcoin network hashrate hitting new highs.
Kronos Research’s Vincent Liu expects Solana ETF inflows to continue next week, noting that rotation from Bitcoin and Ether will likely persist.
Bitcoin fell nearly 4% in October as ETF outflows closed out the month, but Bollinger Bands BTC price volatility odds hit record levels.
This month saw the first “Uptober” in seven years to finish with Bitcoin in the red. Meanwhile, BNB takes off thanks to memecoins.
Bitcoin has become a $2 trillion asset in the 17 years since Satoshi Nakamoto published the white paper, but it faces its first red October since 2018.
Canaan will supply 4.5 megawatts of water-cooled Bitcoin mining ASICs to a Japanese engineering firm for real-time grid balancing and energy optimization.
Bitcoin has typically recorded its strongest month for gains in November, and there are certainly macro tailwinds to make it happen again.
The fast-food chain is also donating 210 sats from every Bitcoin meal toward open-source Bitcoin development.
The lack of understanding about Bitcoin’s economic properties will result in a market dump at the first sign of trouble, Vineet Budki said.
Borderless Capital’s Amit Mehra said quantum computing remains years away from threatening Bitcoin, though rapid advances could make post-quantum security urgent.