Bitcoin long-term resistance in focus as analysis sees selling risk above $85K

BTC price analysis from Glassnode draws attention to the $85,000 level, identifying it as the lower boundary of a cost-basis zone for long-term Bitcoin holders. This analysis suggests a potential selling risk if Bitcoin's price reaches or surpasses $85,000, as long-term holders may begin to realize profits.

Live updates: Bitcoin clings to $80,000 as Strategy’s cushion thins before earnings

The article reports that Bitcoin experienced a nearly 2% price dip ahead of MicroStrategy's third-quarter earnings announcement. This movement has significantly reduced the profit margin on the Bitcoin holdings of the largest corporate holder, which now sees its coins valued only approximately 6% above their original purchase price. This highlights the impact of recent market fluctuations on institutional Bitcoin investments and their financial reporting.

Thai Supreme Court rules bitcoin is property after thief challenges conviction

The Supreme Court of Thailand has officially declared Bitcoin as a form of property, a landmark ruling that emerged from an appeal filed by an individual convicted of a bitcoin-related theft. The court justified its decision by highlighting that Bitcoin possesses a verifiable market price, can be readily converted into fiat currency, and is widely held by the public. This legal classification reinforces Bitcoin's standing within the country's legal framework. Consequently, the court affirmed a lower court's judgment, upholding a 10-year prison sentence for a man who was implicated in assisting the perpetrators of the robbery. This ruling sets a significant precedent for how digital assets, specifically Bitcoin, are legally recognized and handled in criminal and civil cases within Thailand, solidifying its status as an asset with tangible value and legal protection.

Bitcoin Safaris & Education (@BitcoinSafariTZ) on X ( proof of work )

Bitcoin ETFs add $137M, pushing October back into the green

Bitcoin Exchange-Traded Funds (ETFs) recently experienced a notable surge in capital, adding $137 million in investments. This influx was significant enough to reverse October's earlier negative trend, pushing the month's overall performance into positive territory. Over a concentrated period of three days, these Bitcoin-specific investment vehicles successfully attracted a substantial $424 million. As a result of these strong inflows, the net total for October reached $111 million. This positive outcome is particularly noteworthy given the prevailing market conditions, which included a hawkish stance from the Federal Reserve and a generally weaker sentiment across the broader cryptocurrency market.

AI found a way to crash bitcoin nodes on Windows and Macs. It's now public

An AI language model has successfully identified three critical flaws capable of crashing Bitcoin nodes operating on Windows and Mac systems. These significant vulnerabilities represent the initial disclosures made under Bitcoin Core's recently established rules for reporting easily discoverable bugs. The findings underscore the evolving landscape of protocol security, where advanced analytical tools like AI are being utilized to uncover potential weaknesses in core infrastructure.

Is Bitcoin dying in El Salvador?

best bitcoin commercial - put cash in then try taking cash out see what happens

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Spaces Protocol Explained: Human-Readable Names on Bitcoin🧐

ビットコイナー万博（EXPO）開催まで1ヶ月！スピーカー＆アジェンダ一挙大公開

BOB Gateway - noncustodial until they decide you can't have your Bitcoin back

Bitcoin Treasury Datavault AI Says It Can’t Access Its BTC, Stock Tanks

Datavault AI, identified as a Bitcoin Treasury, has publicly disclosed its inability to access or withdraw its Bitcoin holdings from the platform Biconomy. This issue has reportedly persisted since June, leading to significant financial repercussions for the company. As a direct consequence of this access problem, Datavault AI is compelled to restate four of its previously published financial reports. These particular reports are linked to a major $150 million transaction involving Scilex. The incident underscores the critical importance of secure and reliable custodial solutions for institutional holders of Bitcoin and the potential operational and financial challenges associated with third-party platforms.

Bitcoin-backed mortgages are coming to Canada, but borrowers are still unaware of the cost

The article introduces the forthcoming availability of Bitcoin-backed mortgages in Canada, emphasizing a crucial risk for prospective borrowers: the possibility of collateral liquidation should Bitcoin's price experience a significant decline. However, the report also notes that APX, a company involved in these offerings, has stated that property collateral and cryptocurrency collateral will be managed distinctly to address such concerns.

Biggest Channel Opened Today (5.0 BTC) + New Node Spotlight (023dd37b31c289f00…)

This article highlights two key developments within the Bitcoin Lightning Network: the significant opening of a new payment channel with a substantial capacity of 5.0 BTC, and a feature focusing on a new or notable Lightning node, identified by its public key (023dd37b31c289f00…). The creation of a channel of this size is a crucial event, as it considerably enhances the network's overall liquidity and routing capacity, facilitating larger, faster, and more cost-effective Bitcoin transactions. This indicates a robust and maturing infrastructure for Bitcoin's second-layer scaling solution. The 'New Node Spotlight' segment likely introduces the community to a specific node operator or a strategically important node, potentially detailing its characteristics, contributions, or connectivity within the Lightning ecosystem. Such spotlights play a vital role in promoting decentralization and encouraging participation in maintaining and expanding the network's health and resilience. Both events collectively underscore the continuous progress and increasing utility of Bitcoin as a global, instant payment rail.

Biggest Channel Opened Today (5.0 BTC) + New Node Spotlight (0344bbdf8c50b883f…)

Wall Street’s Fast Money Fled Bitcoin ETFs, Sovereign Funds Stepped In

According to research conducted by Galaxy, a significant shift in institutional investment in Bitcoin spot ETFs has been observed. The analysis indicates that nine major hedge funds and banks collectively divested approximately 68,000 BTC from their spot ETF holdings. This reduction is primarily linked to the drying up of the cash-and-carry trade, a strategy that previously offered arbitrage opportunities. Counterbalancing this divestment, the research highlights that wealth management platforms and sovereign funds have actively increased their exposure to Bitcoin spot ETFs. This suggests a rotation of institutional capital and a potential long-term accumulation trend from different types of institutional players, even as short-term arbitrage opportunities diminish.

Bitwise raises bitcoin price target to $1.6 million by 2036, projects 34% annualized returns

Bitcoin Core 32.1 released

A new versions of the OpenTimestamps Client released | Peter Todd

Nordic Node #13: You Should Go to Norway Instead of Hiding Miners at Work

Google Cloud outlines MPC service for institutional Bitcoin custody

Google Cloud has announced the preview of its new Multi-Party Computation (MPC) service, specifically tailored for institutional Bitcoin custody. This development was detailed during a New York symposium organized by Google Cloud, which had a primary focus on digital asset security. The service aims to offer advanced security protocols for large organizations managing Bitcoin holdings.

Luxor Announces $16M Funding Round to Scale AI Compute, Derivatives

Galaxy Asset Management: “Now Is The Time” to Buy Bitcoin

Galaxy Asset Management is advocating for investors to buy Bitcoin now, asserting that 'the bottom is in.' Alex Thorn, an analyst at Galaxy, provides a technical rationale for this recommendation. He highlights that Bitcoin's historical performance shows that once it reclaims its 50-week moving average, the subsequent downside movement for the asset has typically been constrained to only about 8.4%. This analysis suggests a strong potential for limited risk and an opportune entry point for Bitcoin investment, according to Galaxy Asset Management.