📌 Daily Summary
● LIVE TRACKINGThe cryptocurrency market is grappling with heightened security concerns following another hacking incident targeting a platform closely tied to Bitcoin, compounding the effects of the recent $6.3 billion attack on Binance. Amid this turmoil, analysts reflect on a disappointing "Uptober" for Bitcoin, yet maintain a belief in the potential for prices to surge towards $100,000, contingent on upcoming market catalysts. A noted analyst predicts an initial decline in Bitcoin's value post-hack, followed by a rebound, providing a timeline for this anticipated recovery. Additionally, the market faces potential volatility as permission has been granted to sell 5,833 Bitcoin, valued at approximately $450 million, which could influence supply dynamics. In a positive development, the Bank of England is exploring innovative blockchain solutions, signaling institutional interest in tokenized collateral.
13:11
Following Binance, BTCPay, which allows companies to accept Bitcoin payments, also appears to have been targeted by a hacking attack.
12:08
According to a Bloomberg poll, if the Republicans secure a majority, Bitcoin could surpass $100,000 by the end of 2026.
11:05
Markus Thielen said that Bitcoin could fall to $70,000 in the short term but could rise to $90,000 by the end of the year.
10:11
Binance announced that with the launch of withdrawals in Bitcoin and altcoins, $4.6 billion in withdrawals and $1 billion in deposits have been processed.
09:07
Next Technology Holding has received board approval to sell or use as collateral 5,833 Bitcoin, worth approximately $450 million.
