Category: Breaking

Risks stemming from the Middle East conflict are likely to push bitcoin below $60K before the weekend, the report said.

It’s become increasingly clear that crypto-focused banks such as Signature and Silvergate were closed by political mandate during the 2023 banking crisis, says Nic Carter. And the way it was done should bother anyone who cares about open access to financial services.

While Binance remains a giant in crypto trading, its volumes dropped over 20% in September versus the previous month, while rival Crypto.com’s surged over 40%.

Bitcoin held above the $60,000 key support level, while Ethereum’s ETH fell to near its weakest level against BTC since mid-September.

The IMF has been asking El Salvador for changes regarding its bitcoin law since its adoption in 2021.

PLUS: AI tokens not moving despite a $6.6 billion fundraise from OpenAI.

Just as optimism was about to surge, clouds rolled in, pushing prices lower.

Australia’s police has confiscated $6.4 million in cryptocurrency as part of a global crackdown on Ghost, an encrypted communications network, authorities allege was “built solely for the criminal underworld,” a statement said.

The company strengthens its bitcoin position with a strategic options sale, generating nearly 24 BTC ($1.4M) in premium.

The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 2, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.