Another Uptober for Bitcoin. Largest cryptocurrency gained 28% in Oct, most since Jan2023
Source: Bloomberg, HolgerZ
Bitcoin white paper turns 15 as Satoshi Nakamoto’s legacy lives on
“I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party,” Satoshi wrote in an Oct. 31 email in 2008. Bitcoin $BTC Golden Cross formation. Today, there is a Golden cross formation which just took place on $BTC - see chart below. Source: Barchart
Interesting development which has been taking place recently with bitcoin rising despite Tech stocks losing ground
Source: J-C Parets
12 years ago...
Source: Dan Held
Notable: $BITO traded $1.7b last week, 2nd biggest week since its wild WEEK ONE
$GBTC did $800m. That's $2.5b (top 1% among ETFs) into two less desirable methods (vs spot) for exposure. There's clearly an audience for bitcoin spot etfs. Source: Eric Balchunas, Bloomberg
According to RT, Russia has conducted a major exercise aimed at testing its strategic nuclear forces, the Kremlin said on Wednesday
The drills focused on the simulated delivery of ‘a massive nuclear strike by the strategic offensive-oriented forces in response to a nuclear strike by a simulated enemy’. Note that gold and bitcoin both jumped on the news.
BlackRock's iShares Bitcoin Trust is now re-listed on the Depository Trust & Clearing Corporation $IBTC
Source: Bitcoin magazine
We have not seen NASDAQ move lower with $BTC exploding to the upside in a long time
Source: TME, Refinitiv
