Bitcoin Price Eyes $30,000 Level as Bulls Continue to Dominate
TheNewsCrypto » Bitcoin
by Imran
5M ago
The price of Bitcoin (BTC) skyrocketed after the untrue story spread extensively. If the bulls could drive the prices above $29,250 level, then it will likely test $30,450 level. Following the latest disinformation incident, the U.S. SEC may have uncovered more reasons to reject future Bitcoin ETF applications. Recent events were triggered by unfounded rumors that the SEC had approved a Bitcoin ETF from BlackRock, leading to extreme price fluctuations. The price of Bitcoin skyrocketed after the untrue story spread extensively on social media. BlackRock acted swiftly to clarify that its appl ..read more
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Fake Bitcoin ETF Approval Report Causes Brief BTC Price Spike
TheNewsCrypto » Bitcoin
by Vignesh k
5M ago
On Monday, a false tweet falsely claiming SEC approval for a BlackRock Spot Bitcoin ETF led to market events. Bitcoin’s price surged from $27,900 to over $30,000 due to the fake report. Prices quickly fell back to $28,000 as the misinformation was exposed. A false tweet claiming the SEC approved a Spot Bitcoin ETF by BlackRock ignited a brief crypto rally and over $100 million in liquidations across exchanges on Monday. Bitcoin spiked from $27,900 to over $30,000 following the fake report, which was posted on a Twitter account impersonating Financial News London. Prices quickly tumbled back ..read more
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BTC Price Nears $28K, Riding High on ETF Expectations. Will it Sustain?
TheNewsCrypto » Bitcoin
by Sarala
5M ago
Bitcoin (BTC) surges 4.5%, reaching $27,963, fueled by growing optimism about the potential approval of a Bitcoin ETF. Bitcoin’s daily trading volume spikes by 139% to $11.6B, indicating increased market activity. The oldest gem, Bitcoin (BTC), has experienced a significant price jump of 4.5%, rising from $27,001 to $27,963. The surge has been fueled by growing optimism surrounding the potential approval of a Bitcoin exchange-traded fund (ETF) in the near future, igniting bullish hopes within the crypto community. Over the weekend, BTC’s price regained its bullish momentum, coinciding with ..read more
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California Governor Signs Crypto Bill Imposing Tough Regulations
TheNewsCrypto » Bitcoin
by Ashfaq
5M ago
It makes it clear that companies that don’t follow the law will be punished. The DFPI will have the authority to mandate extensive auditing of crypto enterprises. The cryptocurrency bill signed into law by California Governor Gavin Newsom imposes harsher controls on enterprises engaging in crypto activities beginning in July 2025. According to a statement released by Newsom on October 13th, the measure would require people and businesses to be licensed by the Department of Financial Protection and Innovation (DFPI) before they may deal in digital assets. Legislation papers make reference to ..read more
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Ethereum ‘Whales’ Decrease Holdings While Bitcoin ‘Whales’ Stay Strong
TheNewsCrypto » Bitcoin
by Nayazunissa
5M ago
The most frequent explanation was that regulators are putting pressure on ETH than BTC. A key concern raised by an analyst was whether or not staking was properly accounted for. This week, the crypto community learned of a striking discrepancy in the attitudes of the “whales” holding the two largest cryptocurrencies on the market: Bitcoin and Ethereum. On-chain research business Glassnode data shows a dramatic decline in the number of Ethereum “whales” (individuals holding 1,000 or more ETH, or around $1.5 million) since 2020, with the sale of $20 million worth of ETH. However, Bitcoin whal ..read more
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Bitcoin Price Continues to Struggle as Bearish Sentiment Looms
TheNewsCrypto » Bitcoin
by Nayazunissa
5M ago
The price has been facing severe selling pressure after failing to go past the $28,000 area. If the price breaks below $26,650, then it will likely head towards the $26,000 mark. Glassnode reports that over the previous two days, Binance has received Bitcoin worth over $300 million. There were two major inflows marking this surge: over $200 million went to the exchange on October 11, and another of $120 million on October 12. The majority of these transactions are in the $1 million to $10 million range, indicating the involvement of ‘whales’ or large-scale investors. Bitcoin’s price has hal ..read more
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U.S CFTC Launches Lawsuit Against Former Voyager Digital CEO
TheNewsCrypto » Bitcoin
by Ashfaq
6M ago
Stephen Ehrlich, in reaction to these accusations, has categorically refuted them. The former CEO claims that he is being made the scapegoat for the acts of others. The U.S CFTC has launched a lawsuit against former Voyager Digital Ltd. CEO Stephen Ehrlich, bringing the cryptocurrency business back into the limelight. Stephen Ehrlich allegedly broke derivatives laws and misled clients about the security of their digital assets. This has been detailed in a recent report by the Commodity Futures Trading Commission (CFTC). The agency has taken a major step towards enforcing crypto rules by fil ..read more
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Bitcoin Continues to Fall Amidst Geopolitical Tensions What’s Next?
TheNewsCrypto » Bitcoin
by Sarala
6M ago
Bitcoin (BTC) experienced a four-day decline, falling below $26,600. Ex-Alameda Research CEO unveils SBF plans to maintain Bitcoin below $20,000 by selling customer-held BTC. Bitcoin (BTC) has experienced a significant downturn, marking its fourth consecutive day of losses. The world’s largest digital asset by market value fell below $26,600, a level not seen since the beginning of October. Several factors have contributed to this decline, including concerns related to the ongoing conflict in the Middle East. On October 11th, Bitcoin suffered its most substantial single-day drop in a month ..read more
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Bitcoin Continues to Fall. What’s Fueling the Decline?
TheNewsCrypto » Bitcoin
by Janani
6M ago
Bitcoin Whale’s $82.37 million worth of BTC transfer sparks community curiosity. Trading volume dropped 5% in the past 24H as investors remain cautious. Bitcoin, the leading cryptocurrency by market capitalization, is currently experiencing a turbulent October. It began the month by breaking the $28,000 resistance level, but as of now, the price has dipped to $27,097. While various factors are contributing to this instability, the crypto community is abuzz with speculation about the possibility of an extended bearish trend. The ongoing conflict in the Middle East has become a notable factor ..read more
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Cyprus Tightens Regulations for Crypto Service Providers
TheNewsCrypto » Bitcoin
by Shanawaz
6M ago
The proposal would require CSPs, or crypto asset dealing firms, to register with CySEC. The Cyprus Bar Association has voiced concerns about the proposed amendment. By enforcing severe fines on unregistered crypto service providers (CSPs), Cyprus is working to strengthen its oversight of the crypto industry. The government has recommended a change to the “Prevention and Suppression of Mone­y Laundering Law.” The purpose of this change is to bring Cyprus in conformity with the standards established by the Financial Action Task Force (FATF) and the suggestions that were made in the MONEYVAL r ..read more
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