US Midterms Are Here: History Points to a Stock Rally but Trouble for Bitcoin
History points to a surprisingly bullish setup for the S&P 500 despite the current struggles, while BTC could be heading for another leg down.
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History points to a surprisingly bullish setup for the S&P 500 despite the current struggles, while BTC could be heading for another leg down.
North Korea is questioning whether the US could benefit financially from recovering the stolen crypto through its strategic reserve.
A Democratic win would only move sentiment, one analyst argues, because crypto market rules in the US Congress are a bipartisan effort.
Large XRP outflows from Binance climbed to 80 million after withdrawals resumed.
Daily revenue for some of the platforms rose as high as 2,229% as the Binance hacker laundered part of the stolen funds through them.
Founder Nicolas Dorier says public servers running version 2.4.7 were not attacked. Meanwhile, older vulnerabilities are under investigation.
The Binance attack added pressure to an already weakening market, and dragged the Fear and Greed Index further into fear territory.
"Please be aware of new scam patterns emerging amid the chaos," Yi He said.
Tether has blacklisted two more of the attacker's addresses, on Ethereum and Tron, freezing the USDT sitting inside them.
The hacker moving the stolen funds could create localized selling pressure while also making their recovery and attribution harder.
ZachXBT said that multiple laundering indicators give him high confidence that the North Korean threat actor Lazarus Group is not responsible.
XRP is attempting to stabilize around $1.25 after briefly slipping toward $1.20 last week, extending the decline that has been unfolding since late September.
Bitcoin is attempting to stabilize around $78K after posting its fourth straight weekly loss, with sentiment weighed down by the record Binance hack and a $643.3 million withdrawal from U.S. spot Bitcoin ETFs on Friday.
The latest price pullback does not appear to have scared certain whales, which have instead increased their exposure to ETH.
Last week's purchase was smaller than many of the previous ones.
The company's weekly accumulations have declined sharply in terms of USD value.
Saylor hinted at a new BTC purchase yesterday at X.
One of the tokens is ADA, which is projected to rise by over 20%.
XRP rallies against Bitcoin often coincide with returns to a long-standing demand zone, rather than simply following BTC's price direction.
The broader market has remained untypically calm for a Monday morning but more volatility is expected as the week progresses.
After last week's hack-driven crash, the expectations for another volatile week are quite high.
In line with the impressive month for Ripple, the ETFs recorded some net inflows.
The platform's total assets reached $396 billion as net deposits and higher equity valuations partly offset lower cryptocurrency valuations.
Bitcoin's refusal to extent its initial losses are seen as a potentially bullish signal from some analysts.
A popular bitcoin commentator referenced previous CFO departures as the initial signal of a major crisis - will history repeat?
The promise for "Uptober" failed ETH as well.
There's a lot going against BTC at the moment, so the $78,000 price tag might not be all that bad.
October was one of Ripple's busies and most successful months in recent memory. But XRP failed to join the ride.
Meanwhile, M and XPL have dropped hard over the past 24 hours.
The ETF outflows and the Binance hack were among the reasons behind BTC's price decline.