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In a recent post, MicroStrategy's founder Michael Saylor emphasized the exceptional performance of Bitcoin compared to traditional investment options. This article explores the cumulative returns of Bitcoin and its resilience over the years.

Bitcoin price has encountered strong resistance around the $35,000 mark, leading to concerns about a potential correction in the altcoin market. Despite the recent uptrend, the price has hit a wall near $35,000, meeting the upper resistance trendline of a channel pattern that has been forming for over a year. Retests of this trendline have historically resulted in significant corrections.

The co-founders of crypto analytics firm Glassnode believe that the approval of a spot-based Bitcoin exchange-traded fund (ETF) by regulators will trigger a significant influx of capital into the cryptocurrency.

New data from a market intelligence firm has shed light on the current situation of Shiba Inu (SHIB) and Floki (FLOKI) holders. The data reveals that a significant percentage of SHIB and Floki holders are currently experiencing losses.

Crypto analytics firm IntoTheBlock has identified a key metric that suggests Bitcoin (BTC) has entered the initial stages of a bull market cycle. The market-value-to-realized-value (MVRV) ratio, which compares Bitcoin's market cap to its realized capitalization, is behaving similarly to previous bear-to-bull market transitions.

The outcome of the U.S. Federal Reserve's Federal Open Market Committee (FOMC) meeting scheduled for October 31 and November 1, 2023, is expected to have a minor impact on stock prices and the price of Bitcoin (BTC). However, the key factor that traders are eagerly awaiting is the subsequent comments on the U.S. economic outlook in Fed Chair Jerome Powell's speech.

Developers of the Shiba Inu project have initiated a ‘surprise’ step towards a unique SHIB self custodial identity. This leaves scope for a potential SHIB price rally in the lead up to the countdown.

A Dogecoin (DOGE) address that has been dormant for 9.8 years has suddenly resurfaced, sparking a new wave of interest and speculation. This dormant address, which belongs to a whale, contains a total of 5,392,984 DOGE worth approximately $372,461 at the time of writing.

The Solana coin has experienced significant growth in recent months, with its price surging from $17.41 to $31.99—an 84% increase since mid-September. However, the current bullish momentum is facing resistance at the $34 level due to increased selling pressure in the broader crypto market. This resistance is particularly evident as Bitcoin struggles to break past the $35,000 mark.

Ripple CEO Brad Garlinghouse has strongly criticized former SEC Chairman Jay Clayton's comments regarding the agency's corporate regulatory stance. The SEC had been taking action against crypto exchanges and companies since the first quarter of 2023.

A crypto analyst believes that Bitcoin (BTC) still has room to grow, even after its impressive rallies this month. The analyst, known as Kaleo, points to Bitcoin's relative performance against the S&P 500 Index (SPX) as evidence that BTC has decoupled from the stock market. This suggests that BTC has the potential for further upward movement.

In the past two weeks, the Ethereum price has experienced a significant surge, reclaiming crucial resistance levels at $1,600 and $1,700. However, the asset is now facing headwinds as Bitcoin struggles to break past the $35,000 mark, leading to increased selling pressure across the crypto market. This has caused the ETH recovery to stall around the $1,800 level, raising concerns about a potential correction.

Galaxy Digital, the crypto investment firm led by Mike Novogratz, has recently made several bullish statements on the future of cryptocurrencies. The firm is confident that the U.S. Securities and Exchange Commission (SEC) will approve a spot Bitcoin exchange-traded fund (ETF) this year. In addition, Galaxy Digital is actively investing in Bitcoin and Ethereum on decentralized lending platforms Aave and Compound.

The RUNE coin price is currently following a rising channel pattern on its daily chart, indicating potential for further growth. This pattern, combined with a bullish market sentiment, has fueled a significant rally over the past nine days. However, there are concerns about whether this bullish momentum can withstand the emerging market-wide selling pressure.

Bitcoin bulls are maintaining a strong position above the $34,000 mark despite various pressures in the market. Traders are closely watching the market direction as they assess whether the ongoing bullish rally will continue or start to fade.