dreamers

@dreamers

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The Bitcoin mining industry is facing some tough times, with the average cost to produce a BTC reaching $96,100 for publicly traded miners when including non-cash costs such as depreciation and stock-based compensation, according to a report by CoinShares analyst James Butterfill. As the data shows, average cash costs rose to $49,500 per BTC in Q2, 2024, up from $47,200 in Q1, and there's no stopping it. The reason is that mining conditions are becoming more complex and capital intensive.

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The key Fed inflation rate reached 2.1% in September, as expected, bringing it closer to the Fed's target. Inflation rose slightly in September, moving closer to the Federal Reserve's target, according to a Commerce Department report released Thursday. The personal consumption expenditures price index increased 0.2%, seasonally adjusted for the month, while the 12-month inflation rate was 2.1%, in line with Dow Jones projections.

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The recent jump in the price of Bitcoin (BTC) to $73,620, almost reaching its all-time high from March, has led to some interesting insights from notable analysts, including veteran trader Peter Brandt. Many consider Brandt a trading legend. He is known for his disciplined approach to technical analysis, which he has been doing since the 1970s. He also shared his thoughts on the outlook for the main cryptocurrency's current market. Plus, he hinted at a research project he is working on. The goal is to uncover "real classic patterns" in the price history of Bitcoin. The project will focus on chart structures unique to the cryptocurrency's market cycles.

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It looks like U.S. spot Bitcoin ETFs are about to hit a major milestone, as Bloomberg's Eric Balchunas thinks that Bitcoin held by these funds could cross the one million BTC threshold by next Wednesday. This means that ETF issuers could overtake Satoshi Nakamoto's alleged 1.1 million BTC holding by mid-December - a huge moment for the cryptocurrency world. This timeline is picking up speed thanks to the current trend of adding about 17,000 BTC per week to these ETFs. But market conditions could change this, either pushing it back or speeding it up.

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Cardano founder Charles Hoskinson has teased an ambitious plan to enhance Bitcoin’s ecosystem by relaunching the Bitcoin Education Project in 2025 and introducing advanced resources for Bitcoin developers. Hoskinson started The Bitcoin Education Project in 2013, providing free, peer-reviewed content on Bitcoin and the digital asset environment. Now, as he noted in a tweet, with Bitcoin “back in the family,” he intends to relaunch the Bitcoin Education Project in 2025 as well as develop a new edition of his course in the educational program.

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As reported by U.Today, Microsoft (NASDAQ:MSFT) shareholders are gearing up for a big December vote on a proposal to diversify the company's balance sheet, by including major cryptocurrency Bitcoin (BTC). This development is generating interest in the space as crypto enthusiasts consider the implications of such a decision. Anthony Pompliano has reacted to the news, indicating that Microsoft's consideration of Bitcoin comes from a broader recognition that holding cash in dollars may not be sustainable long term. The cryptocurrency is becoming more and more attractive as a digital store of value, says the entrepreneur, as more entities look for ways to save the value of their assets amid uncertain inflationary conjecture.

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The price of major cryptocurrency Bitcoin (BTC) could soon reach six figures if this pattern plays out as expected. The vision of crypto investor and analyst, known in the community by the nickname Eljaboom, suggests such a possible development. Thus, reacting to the approaching golden cross on the hourly chart of Bitcoin, Eljaboom asked his audience whether they think it is possible for the main cryptocurrency to reach the coveted $100,000 mark. In addition, the analyst outlined the path that the price of BTC could take if such a scenario were to materialize.

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Decentraland, the first decentralized virtual social world, launched a powerful new desktop client today, signaling a new era for experiencing spatial environments. This beta release enhances performance, delivers a more immersive environment, and introduces new engaging features, setting the stage for future innovations and expanded creator tools. This milestone marks the shift away from a browser-based experience, replaced by a more stable, Unity-powered desktop client and the new Creator Hub, aligning with Decentraland

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Sui, the Layer 1 blockchain known for its industry-leading performance and scalability, today announced the opening of its first SuiHub in collaboration with Ghaf Group, the leading blockchain partner in the MENA region. The center will be the first of several planned hubs worldwide, with Dubai strategically chosen as the first SuiHub location due to its thriving tech ecosystem and commitment to innovation. The new hub, located in Expo City Dubai, will play a pivotal role in Sui’s mission to build a global network of Sui workspaces and community centers that empower builders to create decentralized applications and advance blockchain technology.

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According to on-chain data, a long-dormant Bitcoin whale has reemerged just as Bitcoin (BTC) briefly touched the $69,000 mark. Blockchain data tracker Whale Alert reported that a Bitcoin wallet that had remained dormant for over 10 years has now been reactivated: "A dormant address containing 25 BTC worth $1,711,020 has just been activated after 10.8 years."

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$DOG of Bitcoin announces the release of its limited-edition $DOG Plushie, set to launch on October 19, 2024, an occasion now being called "$DOGTOBER 19." These collectible plush toys provide fans and newcomers with a tangible connection to the $DOG ecosystem, bridging the digital world of cryptocurrency with a physical collectible designed for both enjoyment and community engagement.

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Anthony Pompliano, well-known Bitcoin advocate and CEO of Professional Capital Management, has made a brave prediction regarding the future of Bitcoin and its relationship to Wall Street. Speaking on "The Big Money Show," Pompliano emphasized that traditional finance players are overthinking the simplicity of the cryptocurrency, which in his opinion will ultimately lead to a massive shift of capital into Bitcoin.

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Bitcoin’s price rose on Thursday, hovering near three-month highs as speculation over a second Trump presidency, friendlier regulation and improved capital inflows boosted cryptocurrency markets over the past week. Bitcoin rose 0.5% to $67,328.4 by 01:05 ET (05:05 GMT), after briefly breaching $68,000 earlier this week. The token had broken reliably out of a tight $50,000 to $65,000 trading range seen through most of the year.

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Popular on-chain analyst and trader Ali Martinez has just mapped out the road to a new all-time high (ATH) for Bitcoin (BTC). Taking to X (formerly Twitter), Martinez retweeted his prior Bitcoin price prediction and added more information about it. In his previous tweet from Sept. 23, the analyst predicted that BTC can hit a new ATH.

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Bitcoin’s price rose on Monday, extending a weekend rebound as defunct crypto exchange Mt Gox postponed plans to return assets to creditors by a year, assuaging fears of a near-term sell event. But the token, along with broader crypto prices, still remained largely rangebound, amid few broader positive signals for crypto markets. Prices were rattled last week by fears of more regulatory action in the U.S..

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Bitcoin’s price moved little on Wednesday, steadying after recent losses as traders hunkered down before more cues on U.S. interest rates from the Federal Reserve and inflation data. A rebound in the world’s biggest cryptocurrency ran dry this week as traders priced in a slower pace of interest rate cuts by the Fed in the coming months. Pressure from a firmer dollar also weighed on broader crypto markets, while risk appetite soured.

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Samson Mow, vocal Bitcoin proponent and CEO at JAN3 company focused on helping nation-states to adopt BTC, shared his take on what is likely to happen to the world’s largest cryptocurrency once the current month of “Uptober” ends. His tweet comes as Bitcoin has printed a rise to regain the $63,000 level over the past 24 hours. It even managed to come really close to retaking $64,000.

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Over the past 24 hours, Bitcoin (BTC) has seen a large disparity in liquidations between long and short positions in the perpetual futures market. According to CoinGlass, total liquidations in derivatives on the major cryptocurrency during this period exceeded $4.82 million. Of particular note is the uneven distribution of these liquidations, with 78% — or $3.76 million — coming from long positions. The collapse appears to be due to bullish investors trying to capitalize on a potential price spike.

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On Wednesday, Oct. 2, the XRP community was shaken by the SEC's decision to appeal the Ripple case. The development was commented on by many prominent figures in the crypto industry, with Ripple CEO Brad Garlinghouse among the first to share his take. In a recent X post, Garlinghouse wrote that the SEC and its chair Gary Gensler should have moved on from their case against Ripple, as it has not protected investors and has damaged the agency's reputation. Calling the appeal "infuriating" and "misguided," the Ripple boss stated that his company would fight in court "as long as it needs." Meanwhile, the SEC is yet to specify what exact issue it plans to appeal, leaving open the possibility that it might challenge the July 2023 ruling that distinguished institutional sales from programmatic sales. The agency could also choose to appeal the final judgment issued by the court in August.

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Michael Saylor, an American businessman and CEO of MicroStrategy, is known for being a big supporter of Bitcoin (BTC). He recently made another post about the major cryptocurrency. It is worth noting that Saylor often posts about Bitcoin, and sometimes his posts seem a bit out there, but they perfectly reflect the vision Saylor has for the cryptocurrency.

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