📌 Daily Summary
● LIVE TRACKINGBitcoin's recent performance during the anticipated "Uptober" period failed to meet investor expectations, dampening short-term enthusiasm even as the $100,000 price target remains within reach, contingent on upcoming market developments. Following the significant $6.3 billion hack of Binance, a leading analyst predicts an initial price drop for Bitcoin, with a rebound expected shortly thereafter, although specific timing remains critical. Additionally, the market faces potential downward pressure as permission has been granted to sell 5,833 Bitcoin, valued at approximately $450 million, which could flood the market. In parallel, the Bank of England is exploring blockchain solutions through the introduction of tokenized collateral, while Ripple's CEO asserts that XRP could emerge as the standard for institutional crypto payments within the next five years, signaling a possible shift in the crypto landscape.
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.
08:08
The Bank of England has initiated a consultation process regarding clearing houses accepting tokenized assets as collateral.
