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The Bitcoin (BTC) market has been in turmoil over the past 24 hours following a series of reports of problems. During this period, the cryptocurrency market leader recorded a notable decline, with the price falling below the $66,000 price mark. However, a cryptocurrency analyst with the username Luca hypothesizes that this recent price drop could be due to other factors besides news events. Bitcoin crash was caused by an overleveraged market, not a news event: Analyst On Friday, the Wall Street Journal reported that Tether is under investigation by US authorities over possible misuse of the USDT stablecoin in crimes…

18:05 ▪ 3 Minimum read time up to ▪ Luc Jose A. As America's debt soars to unprecedented levels, Musk warns of the dangers the situation poses to global economic stability. Beyond its impact on the United States, this crisis could have a domino effect on financial markets, particularly on Bitcoin, which is often seen as a haven from economic uncertainty. Debts have exploded America's debt, a growing structural problem, hit a new record with interest accruing this year at $357 billion. Elon Musk has declared that “increasing national debt is unsustainable.” The numbers are staggering. This debt currently exceeds…

Steve Ehrlich led Voyager Digital to success by democratizing cryptocurrency trading, especially through popular assets such as Dogecoin and Shiba Inu. Legal problems arose after Voyager's bankruptcy, with Ehrlich accused of misleading customers about the safety of their assets. Steve Ehrlich's journey from traditional finance to the innovative crypto world is as much a warning as it is a motivator. In a career spanning more than 20 years, notable accomplishments, bold moves into developing markets, and recent legal troubles have tarnished his reputation. Ehrlich, co-founder and CEO of Voyager Digital, was instrumental in bringing cryptocurrencies to the public's attention by,…

Ethereum (ETH) price recently fell by 10% after an attempt to establish $2,700 as a support level failed. Despite these setbacks, the altcoin has managed to stay above the uptrend line for the past two months, a feat largely supported by strategic whale activity. With large amounts of capital leveraged, these high-net-worth investors may hold the key to a possible reversal. Panic among Ethereum holders Ethereum has seen significant profit-taking recently, with realized profits hitting a two-month high. This spike indicates that many ETH holders have chosen to cash out their previous gains, contributing to the recent price movements. The…

Solana's architecture limits its ability to achieve the decentralization required for a global backbone. Ethereum will lead as the financial backbone and dominate layer 1 as the foundation for L2 solutions. High bandwidth needs and centralized management hinder Solana's scalability potential. Ryan Berckmans provided perspective on Solana's ability to transition into a global blockchain network, while Ethereum is already well-defined in this role. In a recent post on He pointed out that there are some issues. L2 solution. The Global Backbone Will Become One – EthereumEthereum is the backbone of the new global financial system for L2 and L1 apps.…

As crypto sports betting heats up, GambleFi altcoins, roll blockis gaining traction alongside established players such as Avalanche (AVAX) and Ripple (XRP). Positioned to disrupt the DeFi casino space, Rollblock aims to capture the growing demand for blockchain-based gaming and wagering. Momentum is building ahead of the expected sports betting launch, with the platform already raising more than $4.7 million in pre-sales. Avalanche gains momentum amid Visa partnership Avalanche is selling for $26.40, down 3% from the previous day. Despite this drop, Avalanche's adoption rate increased by 23.5%, sparking speculative price predictions. Avalanche owners can now make purchases in the…

Ethereum’s native token, Ether (ETH), is on track to post its first October loss since 2018, dropping 5.40% month-to-date to $2,475 on October 27th.ETH/USD daily price chart. Source: TradingViewThis decline is being driven by increased competition from new smart contract platforms like Solana (SOL) and the market's lackluster response to Ethereum-based spot ETFs.However, there are increasing signs that Ether could turn around, with several indicators pointing to a possible rally towards $6,000.Ether holds support ahead of 160% rally Ether is currently holding above a key support level around $2,400. This price is trending at the lower end of ETH's multi-month…

Russia's new law puts stricter controls on cryptocurrency mining, allowing only registered entities to mine and imposing regional restrictions. The government is currently monitoring cryptocurrency mining activities with the aim of preventing money laundering and terrorist financing through increased regulation. Today, the Russian government issued A new law signed by President Vladimir Putin gives more power to the cryptocurrency industry. This law imposes strict rules, especially regarding the mining of cryptocurrencies, which are now under tighter government control. Only registered Russian legal entities or sole traders may engage in mining operations. Additionally, mining pools, groups of cooperating miners, can be…

Crypto strategists who accurately judged Bitcoin’s pre-halving correction this year believe that BTC is undergoing a technically sound breakout process. Pseudonym Analyst Rekt Capital say His 507,000 followers on social media platform X claimed that Bitcoin is in the process of converting a major resistance level into support. “The old downtrend is now acting as support. It looks like a textbook post-breakout confirmation. ” Source: Rekt Capital/X The analyst says Bitcoin needs to close this week above two key levels to ensure a breakout. “A bullish weekly close will be above approximately $66,300 (black channel high). A very bullish week's…

Bitcoin is currently trading at $66,800 after a week of wild swings. Prices have stabilized above the key support level of $65,000, showing resilience as the market takes a breather after weeks of heightened excitement. This consolidation phase below the important $70,000 mark suggests that BTC may be preparing for its next big move. CryptoQuant data reveals that demand for Bitcoin remains strong even as momentum slows. This strong demand is a positive indicator and suggests that market participants are accumulating BTC at current levels in anticipation of further upside potential. Analysts are interpreting this data as an indication that…