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With Bitcoin’s (BTC) price hovering above $60,000, the maiden cryptocurrency’s technical pattern hints at a new rally that will potentially … Continue reading
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The U.S. jobs report for September was released Friday morning (Unsplash)
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 4, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
According to BCA Research, generating large bullish “credit impulses” is now a tough task for China.
Bitcoin and ether outflows from ETFs contribute to this week’s weak crypto price action.
But bettors are also confident that this won’t be the smoking gun
Geopolitical risk fueled by conflict in the Middle East and the upcoming U.S. election are likely to reinforce the debasement trade, to the benefit of both bitcoin and gold, the report said.
BTC’s implied volatility curve shows a noticeable kink on Oct. 5, signaling expectations for an unusually volatile Saturday.
Most gains come in the latter part of the month.
The IMF has been asking El Salvador for changes regarding its bitcoin law since its adoption in 2021.