|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Cutoshi – the New Ethereum Meme Coin Making Waves Across the Market
Oct 04, 2024 at 01:45 pm
With the latest market turbulence, investors are migrating to popular upcoming projects with great potential. Cutoshi is a project inspired by the traditional
Bitcoin price declined heavily in the past 24 hours, as over $240 million in Bitcoin was pulled out of ETFs on Friday, October 1.
According to data from Sosovalue, a total of 2,000 BTC was withdrawn from the Purpose Bitcoin ETF (NYSE:BTCC) and the ProShares Bitcoin Strategy ETF (NYSE:BITI) on Friday.
The withdrawals come as both ETFs are set to begin trading next week, following their approval by the U.S. Securities and Exchange Commission (SEC) last week.
Bitcoin price dropped nearly 3% over the past 24 hours, and was trading at $60,636 at the time of writing, according to CoinMarketCap data.
The coin was, however, still up over 100% year-to-date.
Bitcoin price struggles to breach $65K resistance
Bitcoin price faced a strong resistance at the $65,000 level over the past week, and failed to breach the key price mark.
The failure to breach the resistance level comes despite a rally that saw the coin rally past the $60,000 level earlier in the week.
Technical analysis from Tradingview showed a neutral market sentiment for Bitcoin, with the Fear and Greed index showing 42 (Fear).
After failing to breach the $65K resistance, Bitcoin price faced a setback as it struggled to hold the $61K support level.
However, BTC was still trading above the 50-day SMA, with Coincodex projecting a rise to $86K in the coming months.
According to Ali Martinez on X, traders were largely buying the dip to capitalize on Bitcoin price, with over 60% opening long positions on Binance.
CoinMarketCap data showed that Bitcoin whales had purchased over 50,000 BTC, valued at about $3.15 billion, over the past week.
Analysts are projecting a massive growth for Bitcoin price in the coming weeks, with signs of a resurgence that could see the coin hit $70k in October.
Best coins to buy in October
While October began on a positive note, things are quickly changing direction with Bitcoin price failing to take the lead.
With BTC price facing a strong battle at the $65K price mark, Cutoshi could be presenting a good alternative.
The new project is already turning heads, with experts projecting a huge price rise for the CUTO token before its listing.
For more information on the Cutoshi (CUTO) Presale: Visit the Cutoshi Website
Join and become a community member:
Twitter | Telegram
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Satoshi Nakamoto: the myth on the verge of collapse?
- Oct 04, 2024 at 04:25 pm
- Who really is Satoshi Nakamoto? This is the question that all Bitcoin enthusiasts have been asking for over a decade. This fictitious name, associated with the creation of the first cryptocurrency in 2009, has always been shrouded in deep mystery.
-
- Shady Leadership and Trump Family Ties Dent Credibility of DeFi Project World Liberty Financial (WLF)
- Oct 04, 2024 at 04:25 pm
- World Liberty Financial (WLF) is a decentralized finance (DeFi) project led by Donald Trump's sons, Eric and Donald Jr., with Trump's endorsement. The platform aims to offer decentralized lending and borrowing as an alternative to traditional banks. However, the project has faced political and financial controversy, raising concerns about its leadership and the Trump family's potential for personal gain.