10xResearch analysts who had correctly predicted the Bitcoin price run-up to a new all-time high earlier in the year have turned bullish once again. In a recent report by 10xResearch Head of Research, Markus Thielen, the analysts point out a number of factors that have seen the BTC price turn bullish.
On Friday, the Cardano blockchain marked its seventh anniversary, solidifying its position as one of the most recognized protocols in the cryptocurrency market. Currently, Cardano’s native token, ADA, ranks eleventh among cryptocurrencies, boasting a market capitalization of approximately $14 billion.
Bitcoin has experienced a bullish week, surging 6% since Wednesday, igniting excitement among analysts and investors who believe this could be the beginning of the next major rally.
The last significant rally, from January to March, propelled Bitcoin’s price up by 91%, nearing all-time highs. Now, market participants are optimistic that a similar trend could unfold in the coming weeks, potentially driving the price to unprecedented levels.
The Canadian Securities Administrators (CSA) have extended the deadline for cryptocurrency trading platforms to comply with updated stablecoin regulations. Initially set for October 31, 2024, the new deadline is now December 31, 2024.
On Friday, the U.S. Securities and Exchange Commission (SEC) charged Mango Markets with conducting unregistered sales of its digital token, MNGO, which the watchdog classified as a security.
On September 26, the FBI announced the seizure of over $6 million in cryptocurrency from a group of Southeast Asia-based scammers who defrauded U.S. citizens through deceptive investment schemes.
Bitcoin has surged past $65,000, boosted by China’s stimulus measures and stablecoin inflows.
The crypto world is full of technical terms, some of which are so difficult that almost no one understands them.
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