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📼 Hackers reportedly stole $20 million from a U.S. government crypto wallet of seized funds.

📼 Microsoft will vote on “Assessment of Investing in Bitcoin” during their December 10 shareholder meeting.

📼 South Korea’s finance minister proposed a new requirement for crypto firms to regularly report “cross-border crypto transactions” to control criminal activities.

📼 The Dutch tax authority has started soliciting public opinion on a draft bill that would require crypto firms to collect and report relevant users’ transaction data to the tax agency.

Discover expert opinions and key insights in our latest roundup:

1. Bitcoin is by up 1.17% over the day and is now trading at $67,684. This growth is fueled by a stronger U.S. job market, suggesting potential Fed rate cuts and increased ETF inflows.

2. On Thursday, spot Bitcoin ETFs saw net inflows of $188.11 million, while spot Ethereum ETFs received $2.30 million.

3. Griffin Ardern, head of options trading and research at BloFi, suggests that the probability of Bitcoin reaching $82,000 is high. He bases this on the market implied volatility of 54% for at-the-money options expiring on December 27th.

4. 10X Research observes that MicroStrategy's stock price has experienced a 33% increase since the beginning of October, reaching $236. This positive trend has correlated with a corresponding upward movement in the price of Bitcoin.

5. CryptoQuant’s community member notes that whales' holdings are at an all-time high of around 670,000 BTC. This indicates growing investor optimism.

Happy Friday, traders! How's it going?

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📼 Starting in 2025, Italy will implement a new law that raises the tax rate on crypto capital gains to 42%.

📼 Denmark will introduce a groundbreaking tax reform starting January 1, 2026, imposing taxes on unrealized capital gains for cryptocurrencies.

📼 The GOAT memecoin, created by AI a few weeks ago, has just been listed on Binance Futures.

📼 Ripple CEO Brad Garlinghouse revealed that he was de-banked by Citibank due to his prominence in the crypto industry.

What do experts say about BTC’s future outlook? Check out today’s 5 crypto insights!

1. Bitcoin has rebounded from its recent low of $65,200 and is currently trading at $67,300.

2. On October 23, spot Bitcoin ETFs had a total net inflow of $192 million, Ethereum spot ETFs had a net inflow of $1.27 million.

3. Bitwise’s head of alpha strategies predicts BTC may rally as high as $92,000 if Donald Trump wins the U.S. presidency in November.

4. According to custodial service Copper, onchain metrics indicate that BTC has already reached a short-term price high of $69,000 ahead of the US election, and investors are now starting to take a wait-and-see stance.

5. Head of research at Bitwise André Dragosch reports that Bitcoin whales surged to 1,678 this week, the highest since January 2021, signaling growing confidence in BTC's price outlook.

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📼 Sui is collaborating with Google Cloud to support the future of Web3, via a partnership with Mysten Labs.

📼 According to Arkham, Tesla’s BTC movements last week were “wallet rotations” and that the company still owns about $776.9 million in bitcoin. 

📼 Nigeria's government has withdrawn the money laundering charges against Binance executive Tigran Gambaryan.

📼 The Vietnamese government has identified blockchain as one of the important technological trends of the Fourth Industrial Revolution and is committed to making Vietnam a leading regional blockchain technology research, application and innovation center by 2030.

The market has slowed down, but there’s potential growth ahead:

1. Bitcoin is now at $66,299, down by 1% over the past 24 hours. The price drop follows a decline in institutional demand for spot BTC ETFs, with net outflows reaching $79.09 million on Tuesday.

2. According to Bloomberg, Bitcoin's price could reach $80,000 by the end of November, as open interest for call options expiring on November 29 shows a significant concentration at the $80,000 strike price.

3. Kaiko reports that the BTC Kimchi Premium index has shifted to a discount, indicating that Bitcoin prices on Korean exchanges are now lower than on other exchanges. Historically, this trend has often preceded BTC price rallies.

4. Michael van de Poppe believes that as government bond yields rise and Bitcoin consolidates, we may see a price of $65K before it starts to move upwards.

5. Alex Kuptsikevich, senior market analyst at FxPro, notes that stablecoin volume, which typically correlates with liquidity and buying power in the crypto market, has not increased, potentially signaling a slowdown in the growth of crypto assets.

GM! Check out the fresh market stats.

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📼 Avalanche has launched a Visa Card for crypto payments, enabling users to make purchases with digital assets.

📼 Ripple co-founder said that he has donated another $10 million worth of XRP to support Vice President Kamala Harris's campaign for the US presidency.

📼 Scroll is now trading on Bybit and other exchanges.

📼 Chainlink has introduced a new protocol aimed at ensuring privacy for financial institutions, enabling them to conduct secure, confidential transactions across different blockchain networks.

Is this the chill before things get wild? Read in our daily review:

1. After trying to reach $70,000 on Monday, Bitcoin couldn't maintain its momentum and fell by 2.4% over the last 24 hours. As of now, its price is $66,998.

2. On October 21, spot Bitcoin ETFs recorded a net inflows of $294.29 million, while spot Ethereum ETFs saw $20.80 million in net outflows.

3. QCP Capital analysts expect both BTC and ETH to trade around their current levels this week, as there are no major catalysts.

4. Michaël van de Poppe indicates that BTC is currently consolidating and could potentially reach the $64,000 to $65,000 range. He also sees this level as a buy-the-dip opportunity before a new all-time high.

5. A member of the CryptoQuant community observes that the volume of on-chain transactions of up to $10,000 has increased by 13% over the past 30 days, pointing to a pattern similar to what was seen in March when BTC approached its last historical peak.

GM! Market numbers are in!

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🔵Last week, digital asset investment products brought in $2.2 billion worth of net inflows globally, the largest since July.

🔵VanEck announced that its Solana exchange-traded note (ETN) launched in the European market has successfully enabled the staking function.

🔵Stripe has acquired stablecoin platform Bridge in a $1.1 billion deal.

🔵Japanese authorities arrested a gang of 18 alleged scammers by analyzing Monero transactions for the first time in crypto history.

Bitcoin kicked off the week hovering just under $70,000. Overall, market sentiment is bullish as the U.S. elections gain momentum among crypto traders and inflows into ETFs remain consistent.

Now, BTC is trading at around $68,249, up by 5.27% for the week. Meanwhile, Ether has outperformed BTC with weekly gains of 6.7% and is currently trading at $2,703.

🗓What’s coming this week:

Oct 24: Initial Jobless Claims - 8:30 AM EST
Oct 24: US Manufacturing PMI - 9:45 AM EST

🙋What experts are predicting:

🔵Analysts at QCP Capital believe that amid record performance of U.S. equities and a weakening Japanese yen, interest in risk assets will increase as the U.S. elections approach. And so they maintain a positive outlook for October, expecting that BTC could reach the $78,000 mark.

🔵Signal provider Lingrid reports that BTC has broken out of the downtrend seen since May. This indicates a potential growth in bitcoin's price. However, such a breakout should be followed by a correction, and at Lingrid, they expect bitcoin to fall below $65,000 before targeting $72,500.

🔵GazuaXBT trader believes that it is too early to talk about a new all-time high for bitcoin. He expects the price to fall first, explaining that a falling wedge pattern has been formed on the chart.

The market’s looking green this Monday! 💚

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👥 3 days until Blockchain Life 2024 in Dubai!

On Oct 22-23, the global crypto community will gather in Dubai to discuss the hottest market issues.

More: https://blockchain-life.com

Analysts say to watch these 3 coins this week!

In our new article, we analyzed the altcoin market to see which coins experts are focusing on and why.

📎 Find out more:

https://tradesanta.com/blog/coins-to-watch-this-week-doge-ltc-and-tia

📼 The SEC has formally appealed the ruling in its case against Ripple.

📼 Apparently EugeneLayer’s X account was hacked to promote a fake airdrop.

📼 Singapore's DBS Bank has introduced 'Token Services' to enable blockchain-based banking.

📼 The FBI said it arrested a 25-year-old man for his role in the alleged hack of the SEC’s X account to falsely post about BTC ETFs’ approval.

The week is ending on a positive note, with analysts optimistic about the trend:

1. Bitcoin opened Friday by reclaiming the $68,000 level and later stabilizing near $67,000, with daily gains of 0.84%.

2. The on-chain analyst Axel is optimistic about Bitcoin's price direction, as he believes the market is poised for post-halving action.

3. Yesterday, spot BTC ETFs saw $470.48 million in net inflows, while ETH ETFs had $48.41 million. Analyst @JA_Maartun highlights that “at the current pace,” even BlackRock’s inflows could push BTC toward a new ATH.

4. Trader DaanCrypto notes that Bitcoin has surpassed the 200-day simple and exponential moving average, which have been “causing some struggles since the Summer”. The short to mid-term trend is now upward.

5. A CryptoQuant community member notes that BTC whales are actively accumulating, which could suggest they are anticipating a post-halving price surge.

The market looks green. Have a great trading day!

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📼 Kraken announced the launch of kBTC, a cross-network compatible ERC-20 token fully backed by Bitcoin.

📼 Quantity Funds launched the STKD Bitcoin & Gold ETF, which exposes investors to both assets through their respective futures and ETFs.

📼 In a new blog post, Buterin emphasized the need for Ethereum to scale significantly, with a goal of 100,000 transactions per second across L1 and L2s.

📼 Siam Commercial Bank, the fourth largest bank in Thailand, has become the first financial institution in the country to offer stablecoin-based cross-border payments and remittance services.

We're not far from BTC's ATH. See what experts are saying about the situation:

1. Currently, Bitcoin's price is $66,906, with a daily loss of 0.34%. Polymarket bettors now give a 64% chance that BTC will reach $70,000 in October, up by 45 percentage points in the last week.

2. On Wednesday, spot BTC ETFs had a significant day with net inflows of $458.5 million, while spot ETH ETFs saw net inflows of $24.22 million. According to QCP Capital, these strong inflows may be a leading indicator of further rallies.

3. IntoTheBlock analysts note that 95% of BTC addresses are now in profit. Historically, these levels show strong bullish momentum.

4. Santiment analysts report that BTC whale transactions have surged to 11,697, the highest in over 10 weeks, while social media discussions are shifting towards BTC. Analysts predict a potential short-term rally pause due to profit-taking and high crowd FOMO.

5. Trader Jelle observes that BTC has formed a massive cup and handle pattern, pushing for a breakout with a potential target of $125,000.

GM, traders!

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📼 Italy plans to raise capital gains tax on Bitcoin investments from 26% to 42%.

📼 Grayscale Investments has filed to convert its mixed-crypto fund containing bitcoin, ether, solana, XRP and AVAX into an ETF.

📼 According to Tether Insights, as of Q3 2024, the number of USDT on-chain wallets and accounts has reached 330 million, up by 9% from the last four quarters.

📼 Binance Labs announced an investment in Lombard, the developer of the Bitcoin DeFi project LBTC, which is a Bitcoin liquid staking token that allows holders to earn returns on their Bitcoin assets in DeFi.

What’s shaking up the market and what to look out for? Check it out below!

1. Today, Bitcoin is trading above $67,000, up 3% in the past 24 hours. This increase is linked to rising odds of Trump winning the election, with his chances now at 59.5%, compared to 40.3% for Harris.

2. On October 15, spot Bitcoin ETFs had a net inflow of $371.02 million, while spot Ethereum ETFs posted net outflows of $12.7 million.

3. Tesla withdrew 11,509 BTC from its wallet. CryptoQuant's CEO believes that “even if they sold, the impact would be slightly more than half of the German govt’s. Their realized profit was $816M, while Tesla’s is $515M as of today.”

4. On-chain analyst Ali Martinez expects Bitcoin's next potential local top to be around $86,600.

5. Bitcoin futures open interest on the CME exchange has reached an ATH of 172,430 BTC. According to K33 Research, this signals a continued upward trend.

Fresh numbers are in!

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Standard Chartered's Opinion

Jeff Kendrick from Standard Chartered believes that leading up to the U.S. presidential election, the price of Bitcoin may approach $73,800. He identifies several key drivers behind this forecast:

🔵Renewed market interest in spot Bitcoin ETF funds.

🔵Increasing chances of Donald Trump winning the upcoming U.S. presidential election.

🔵Increased activity in Bitcoin call options with a strike price of $80,000 expiring on December 27.