Bitcoin nears ATH without retail interest, Andrew Tate called out over memecoins

10/21/24 • 7 min

A strong weekend for Bitcoin has led to one of the best weekly closes in months as BTC hit $69,500 in the past 24 hours. Naturally, all eyes move to $70K as the analysts look at where resistance lies and whether we will see another correction before Bitcoin can soar. Curiously, while the price edges toward the March all-time high, retail interest is around the lowest it has been in four years, according to Google Trends data. Elsewhere, Tether's market cap hit a record of over $120B, which is typically a positive sign, Stripe is said to have acquired crypto firm Bridge, a crypto influencer is caught out in a lie, and apparently, most memecoins Andrew Tate has mentioned have crashed to zero. It's a busy episode this morning!
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Previous Episode

Bitcoin ETFs net flows hit $20B, FBI arrests SEC hacker, are we in a memecoin supercycle?

Bitcoin has seen a dip or two in the past 24 hours but it's still battling away to capture $68K and hold it, and while some traders are hoping for a heavy correction to scoop up more Sats, BTC is on the precipice of a major breakout as it turns around a seven-month slump. Elsewhere, the FBI has finally arrested the person behind the SEC X account hack in January that gave a false start to the spot Bitcoin ETFs getting the green light. Worldcoin rebrands to just “World” and launched a layer-2 network that prioritizes verified humans. And finally, are we in a memecoin supercycle? (And what is it?!) For all of this and more, grab yourself a coffee and let's get into it!
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Next Episode

Crypto community slams Fed's Kashkari over comments, Transak hit by data breach

Bitcoin saw a 3% correction yesterday as predictions that BTC would hit $62K or lower came rolling in, but not all were spooked. For example, investors in BlackRock's IBIT bought the dip to the tune of $329M in inflows and the latest data on retail demand suggests it may be mirroring the lead-up to March all-time highs. Elsewhere, Transak was hit with a data breach exposing sensitive information of 92K users and Minneapolis Federal Reserve President Neel Kashkari made more anti-crypto comments and was slammed as a result.
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