Bitcoin price has been tumbling around high 18k and low 19k for a month in the crypto winter. However, Bitcoin reached its 6-week high at $21008.12 on Wednesday, increasing by 3.25% in 24 hours at the time of writing. So what are the reasons?
Seems like the dogecoin-related project is getting pumped by its community again. On Oct. 21 Friday, the community-oriented layer 2 for DOGE, Dogechain announced their proposal on 80% burn of their native token DC on their weekly Twitter spaces.
Rishi Sunak was chosen by his Conservative Party members on Monday to replace Liz Truss, the current UK prime minister. Sarcastically, Truss has only served in the office for 45 days and was forced to resign because her economic stimulus strategy led the society more instable both politically and economically.
Hurricane Ian arrived in Florida and has caused many people and their love ones lost the houses, vehicles and even life. The American Red Cross announced on October 19 that they will partner with an artist from Miami - Marlon Pruz to provide 10,000 NFT collectibles to the victims of hurricane Ian.
Aptos launched on Monday and a summary of the APT token distribution & incentive plan was published. Soon after, Aptos receives criticism from the community in regards to the amount of APT held by private investors.
The XEN project has been drawing attention from crypto communities because it became the NO.1 gas guzzler on Ethereum blockchain. The price of XEN reached its high at $0.01819 the first day listed on MEXC. However...
Aptos (APT) launched its mainnet on Monday, after four years spent on technical innovation with multibillion valuation.
Around the same time last year, multinational retail giant Walmart gained attention when it applied for a number of new trademarks, indicating its intention to produce and offer virtual goods in the metaverse with plans to create its own digital assets and collection of NFTs.
On October 13, Binance announced that it will include USTC as borrowable asset on the loans platform, along with release of the US CPI report. This spiked USTC price again after the rollout of USTC re-peg proposal on Medium on Sunday.
On October 13, the U.S. Bureau of Labor Statistics announced the Consumer Price Index (CPI) for All Urban Consumers increased 0.4% in September, and rose 8.2% in the past 12 months.
As the launch of a new crypto project XEN over the weekend, it consumes about $1.8 million in gas fees on the Ethereum blockchain on Monday.
After the collapse of Terra Luna ecosystem, algorithmic stablecoins have been suffering from negative impacts. After the rollout of re-peg proposal, USTC price soars 80% in the past seven days.
The global fast food giant McDonald's begins to accept Bitcoin (BTC) and Tether (USDT) for transactions in Lugano, Switzerland with a population of 63,000.
One of the largest crypto exchanges in the world, FTX has announced that it will partner with financial service giant Visa to introduce global crypto payments by offering debit cards in 40 nations.
Recently, there's a tax burn movement in the Terra community called #burnalot. It was initiated on Discord and now it's trending on Twitter to let everyone knows that you can join the campaign by sending $10 worth of Terra Luna Classic to the burn wallet to take it out of circulation.