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Bitcoin Drop Likely as Polymarket Gives 52% Chance Below $100000

TLDR Polymarket predicts a 52% chance of Bitcoin trading below $100,000 this month. Bitcoin has dropped 8. 26% in October after reaching a record $126,198 early in the month. Bearish sentiment on Polymarket surged 39% as traders expect more downside. Institutional buyers continue purchasing Bitcoin but have reduced their weekly volumes. Bitcoin’s October performance has taken [.] The post Bitcoin Drop Likely as Polymarket Gives 52% Chance Below $100000 appeared first on CoinCentral.

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Ethereum Price Dips Below $4,000, Recovery Signs Emerge with On-Chain Data

TLDR Ethereum drops to $3,727, signaling a potential market recovery based on key on-chain indicators. Short-term holders realize losses, historically indicating a market rebound. Long-term holders show confidence as 3-6 month holders control 12% of total ETH supply. Ethereum’s price could bounce from $3,742 to $4,000 or higher if key support holds. Ethereum’s price has [.] The post Ethereum Price Dips Below $4,000, Recovery Signs Emerge with On-Chain Data appeared first on CoinCentral.

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Smart Traders Know When to Sell Bitcoin

The post Smart Traders Know When to Sell Bitcoin appeared com. Bitcoin A new report from 10x Research highlights a growing divide between veteran Bitcoin traders and the newer generation of investors who prefer to “HODL” no matter what the market does. According to the firm, experience and strategy remain the biggest differences between those who profit from major cycles and those left waiting for the next rebound. Analysts note that many recent entrants into the Bitcoin market have built their approach on long-term optimism rather than market data. In contrast, seasoned traders rely on proven indicators to decide when to take profits and when to step aside. This difference, 10x Research explains, has repeated across multiple market cycles, with experienced investors often selling into euphoria while newer holders cling to positions through steep corrections. Luck vs. Logic in Crypto Markets The report draws a sharp comparison between speculative altcoin trading and games of pure chance, like roulette. Just as players eventually lose if they keep spinning the wheel long enough, the analysis suggests that uninformed traders tend to suffer losses by relying on emotion instead of strategy. 10x Research points out that altcoins, in particular, have lured many retail participants into riskier positions that lack clear fundamentals or timing signals. Meanwhile, Bitcoin offers a more structured environment where traders can use established indicators to manage risk and position for long-term gains. Three Signals Every Bitcoin Trader Should Watch According to 10x Research, three critical indicators remain essential for identifying when to enter or exit the market. While the firm didn’t disclose all details in its public note, it emphasized that understanding these tools can determine whether an investor is buying strength or walking into a trap. The report concludes that Bitcoin’s current price levels make these signals more important than ever. With volatility returning and retail sentiment leaning heavily toward.

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Upbit and Bithumb List Four New Altcoins Including ZORA and YieldBasis

TLDR ZORA’s price surged 17% after listing on Upbit against KRW, BTC, and USDT. Bithumb listed Infinit, Doodles, and YieldBasis, leading to modest price gains. ZORA’s Believe Fund allocates 20 million tokens to support creators in the ecosystem. Upcoming ZORA token unlock on October 30 could cause short-term market volatility. Upbit and Bithumb, two of [.] The post Upbit and Bithumb List Four New Altcoins Including ZORA and YieldBasis appeared first on CoinCentral.

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Ether (ETH) Price: BitMine Buys the Dip as Retail Long Positions Hit 94% – Warning Sign?

TLDR Retail traders hold 94% long positions on Ether, which often acts as a contrarian indicator suggesting a possible price reversal Ether funding rates on Binance remain between 0. 01%-0. 03%, showing healthy moderate levels far below the overheated 0. 1%-0. 2% seen in 2021 A bearish MACD crossover is forming on Ethereum’s weekly chart, similar to patterns that [.] The post Ether (ETH) Price: BitMine Buys the Dip as Retail Long Positions Hit 94% Warning Sign? appeared first on CoinCentral.

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Crypto News Today: Roger Ver Admits Tax Failures, DOJ Drops Case After $50M Pact

The post Crypto News Today: Roger Ver Admits Tax Failures, DOJ Drops Case After $50M Pact appeared com. Roger Ver pays $50 million to settle case against tax evasion of bitcoins, DOJ abandons charges under deferred prosecution agreement. An early bitcoin investor, Roger Ver, also called Bitcoin Jesus, admitted to not reporting his bitcoin to tax authorities willfully. The U. S. Department of Justice (DOJ) has dismissed its indictment against Ver because he has agreed to pay close to $50 million in taxes, penalties, and interest as part of the back taxes. Ver, who is famous in the cryptocurrency community due to his extensive promotion of Bitcoin since 2011, left the United States in 2014 and became a citizen of St. Kitts and Nevis. Ver was supposed to declare all his assets, including his large bitcoin holdings, as required by law during his expatriation and pay capital gains tax on their constructive sale. Rather, he minimized his ownership of bitcoins on tax returns and failed to declare tax on those assets, and this contributed to a huge loss of tax revenue to the U. S. government. Bitcoin Jesus’ $50 Million Penalty Revealed The deferred prosecution agreement between Ver and the DOJ affirmed that his failure to file his cryptocurrency assets was a willful violation of tax regulations. The indictment meant the deliberate violation of the established legal responsibility, which led to the IRS losing approximately 17 million dollars in taxation. In addition to this tax payable, Ver paid penalties of more than 12 million dollars and accrued interest, which amounted to about 50 million dollars. The U. S. Acting U. S. Attorney, Bill Essayli, emphasized the need to comply with taxes as everyone is required to pay their taxes irrespective of assets and affluence. He praised Ver for accepting accountability and finalizing the issue, which sent a strong signal concerning the enforcement of taxes on digital products. DOJ Ends Legal Battle, Sets.

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Fitell Invests $1.5M in 216M PUMP Tokens to Strengthen Solana Stake

TLDR Fitell invested $1. 5 million in 216. 8 million PUMP tokens to strengthen its Solana strategy. The purchase was executed swiftly just one month after securing a $100 million Solana financing facility. PUMP tokens are central to the Pump. fun platform, a major player in Solanas memecoin ecosystem. Fitell aims to become one of the largest publicly [.] The post Fitell Invests $1. 5M in 216M PUMP Tokens to Strengthen Solana Stake appeared first on Blockonomi.

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