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Why is Bitcoin price up today?
Why is Bitcoin price up today?

Cointelegraph·2024/10/24 20:35
AI-Powered GOAT Coin Breaks All-Time High, Surges 18% in 24 Hours
AI-Powered GOAT Coin Breaks All-Time High, Surges 18% in 24 Hours

GOAT’s recent surge reflects strong investor interest in AI-driven cryptocurrencies. Key support at $0.00003611 and resistance near $0.000048 shape price movements. Liquidations of $2.44M signal volatile trading conditions for GOAT in the market.

CoinEdition·2024/10/24 16:00
Crypto Whale Accumulates $5.9M in WETH: Smart Money or Risky Bet?
Crypto Whale Accumulates $5.9M in WETH: Smart Money or Risky Bet?

High-win smart money accumulates 7,428 WETH in 13 rounds, per Arkham Intelligence. The anonymous trader transfers $5.98M in a single 2,379 WETH transaction. Trader’s average acquisition cost stands at $2,477 per WETH.

CoinEdition·2024/10/24 16:00
Flash
  • 12:12
    Bitget CEO: The Czech Republic may establish Bitcoin foreign exchange reserves, becoming the third largest Bitcoin holding country in the world
    In response to the event where "the Governor of the Czech Central Bank proposed for the first time to include Bitcoin in foreign exchange reserves and the President of Czech signed a new law stating that holding Bitcoin for more than three years can be exempted from capital gains tax", Bitget CEO Gracy Chen posted on X platform: If the proposal is passed, the Czech Central Bank may invest 5% of its €140 billion reserve in Bitcoin (€7 billion, approximately 75,000 BTC), potentially making it the third largest holder of Bitcoin globally, only behind USA and China but ahead of UK and Ukraine. The exemption from taxes for holdings over three years will encourage businesses and individuals to hold BTC long-term. Although opposed by European Central Bank (ECB), Czech has an independent monetary policy not restricted by ECB; if this policy proves effective other European countries might follow suit. Furthermore, she stated that Czech has highest density of Bitcoin ATMs across Europe with Eastern Europe's most active crypto community along with a friendly regulatory environment which makes it a hub for crypto innovation in Europe.
  • 12:04
    Bitcoin network activity hits a new low for the year, but long-term accumulated addresses still show significant growth
    The latest analysis from CryptoQuant shows that the Bitcoin network activity index has fallen to 3760, a 15% drop from its historical high in November 2024 and a new low for the year. This index comprehensively measures multiple indicators such as the number of active addresses, transaction volume, block size, and fees. Daily transactions have dropped from a peak of 734,000 to 346,000, a decrease of 53%; unconfirmed transactions in the Bitcoin mempool fell sharply from 287,000 in December 2024 to just 3,000 - nearly a 99% drop - reaching its lowest level since March 2022. The analysis points out that the decline in Bitcoin network activity is mainly due to a sharp reduction in usage of Runes Protocol; its average daily usage has dropped from an April-2024 high of approximately eight hundred thousand times per day down to ten thousand times currently. However, CryptoQuant analysts believe that this decrease in network activity may not directly affect Bitcoin's price trend. Data shows significant increases over time in accumulated addresses which historically often presage rises in bitcoin prices reflecting market recognition of bitcoin as an investment asset and store value.
  • 11:58
    Ukrainian President Zelensky will attend the Munich Security Conference to discuss ending the Russia-Ukraine conflict
    According to the Associated Press, Ukrainian President Zelensky will lead a delegation to attend the Munich Security Conference next week. The head of the Ukrainian presidential office, Yermak, will also attend the Munich conference. He emphasized that the Ukrainian delegation will present its position on ending the Russo-Ukrainian conflict and realizing a "long-lasting peace" vision. Yermak said: "It is necessary for leaders and political experts attending the Munich conference to realize this momentum. We are very close to truly ending this war through fair and lasting peace, but it is necessary to unite and not give Russia an opportunity to divide the world or partners." US Vice President Pence and President Trump's envoy Kellogg will also attend the Munich Security Conference.
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