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Market

Crypto News October 21: $ 75,000 is the next target for Bitcoin with news from Ethereum, Shiba Inu, Binance, Decentraland, Trader Joe, MtGox

October 21, 2021 - Around 7 mins mins to read

The statement states that Bitcoin is targeting $ 75,000 so that AMC can potentially issue its own cryptocurrency. Here are some highlights from the crypto market.

tin-van-crypto-21-10

Bitcoin news

Data from TradingView shows BTC / USD is bouncing back from a decline towards the $ 64,000 region.

The move comes amid a decline in stocks as the market responds to renewed concerns about China’s real estate giant Evergrande.

Bitcoin has hit a new all-time high of over $ 67,000 after a strong rally of over $ 3,000. Analysts note that the monthly candle for October has surpassed previous ATH levels since December 2017.

The Netherlands-based crypto education and advisory platform Eight says Bitcoin is trying to bring the old ATH level into a support zone. If the price jumps from here, $ 75,000, $ 87,000, and $ 96,000 will be the areas the market will target.

Elon Musk predicts Bitcoin will hit $ 69,000.

Musk posted a meme showing a photo of a couple looking at the prices of Bitcoin and Ether. And surprisingly, BTC costs $ 69,000 in his opinion.

Bitcoin peaked above the $ 67,000 region before the market fell slightly and is currently changing hands around the $ 66,000 region.

Bitcoin is likely to continue to grow.

As the CryptoQuant analyst explains, there seems to be a connection between the net flow of BTC (Bitcoin Netflow) and the recent bull run.

Bitcoin netflow is defined as the difference between inflow and outflow, it shows the amount of BTC entering or leaving centralized exchanges.

tin-van-crypto-21-10

Bitcoin Netflow | Source: cryptoquant

In the graphic above, the analyst has highlighted the behavior of the indicator in relation to the Bitcoin price. It is clear that the indicator always hits zero just before a strong rally.

An indicator value of 0 means that the amount of BTC going in and out of the exchange is balanced.

Bitcoin netflow is currently at 0, which means the market is still preparing for an upcoming bull run.

Also, the open interest of all crypto asset futures hit a record high when it passed the $ 52 billion mark. This is also a positive signal for the crypto market.

Ethereum news

The online data provider Santiment tweeted that wallets with 1 to 10 million ETH have bought large amounts of ether in the past three months.

During that period, they bought 13.9% of the Ethereum supply and continued to add, although the price of Ether climbed to $ 4,200 and almost topped the May ATH threshold.

News Shiba Inu

Shiba Inu, a cryptocurrency meme named after a Japanese dog, is now available on the Public.com trading app.

The New York-based online brokerage company added support for cryptocurrencies in early October, starting with Bitcoin, Ether, Litecoin, Dogecoin, and several other altcoins.

Public, a competitor to Robinhood and WeBull, was first founded in 2019. In February of this year, the company reached a valuation of $ 1.2 billion after a $ 220 million financing round.

Binance news

CEO Changpeng Zhao said Binance’s daily trading volume reached $ 100 billion in October.

The leading crypto exchange recorded this important milestone the day Bitcoin hit a new ATH at $ 67,276.

According to the data provided by CoinMarketCap, although the exchange has put stricter measures in place for users to comply with regulations, Binance still has an edge over other crypto exchanges in both the spot and derivatives markets.

News Decentraland

The Metaverse Decentraland Festival starts at 3:00 a.m. on October 22nd welcome 80+ artists bringing the crypto community together for a 4 day music party.

The Metaverse Festival is Decentraland’s virtual world of music, culture and creativity.

The popular DJ 3LAU will perform on the Evolution Stage on the first day. He is joined by other artists such as Deadmau5, Paris Hilton, Nina Nesbitt, RAC, The Wombats, etc.

News Mt.Gox

follow notification on Wednesday by Nobuaki Kobayashi, the Mt. Gox trustee, creditors of the crypto exchange approved a compensation plan for the previously stolen bitcoin volume.

First launched in 2010 by programmer Jed McCaleb and later by Karpelès, Mt. Gox was one of the largest exchanges in the world in the early days of cryptocurrencies. A hack in 2011 and the subsequent collapse of the stock market in early 2014 affected nearly 24,000 creditors – most of them crypto holders.

These events resulted in a loss of 850,000 BTC, about $ 460 million then (about $ 56 billion then). However, Kobayashi is only said to have 150,000 BTC to give back to users.

News from Trader Joe

Avalanche DEX, Trader Joe, was today announced the launch of Banker Joe, the new lending platform based on the Chainlink price feed.

Once integrated, users can leverage Banker Joe to earn interest on their assets by lending to others through non-custodian pools or by depositing their assets as collateral for further borrowing.

Other news

Cboe takes over Erisx.

Cboe Global Markets Inc. announced on Wednesday that it has agreed to acquire Eris Digital Holdings LLC (Erisx).

Erisx’s futures exchange is regulated by the Commodity Futures Trading Commission (CFTC). In addition, its clearing company is registered with the Financial Crimes Enforcement Network (FinCEN) and licensed in many US states and territories.

“With the acquisition of Erisx, Cboe will tap into the spot market, derivatives and clearing ecosystem,” said Chris Isaacson, CEO of Cboe.

Galaxy Interactive enters the blockchain-based gaming market.

After a $ 325 million round of funding, Galaxy Digital – Galaxy Interactive – to plan participates in the field of games based on blockchain and artificial intelligence.

According to the latest announcement, approximately $ 150 million of the $ 325 million has been invested in new companies that complement Galaxy Interactive’s existing portfolio with more than 60 interactive companies including Mythical Games, Immutable, StockX, Genvid, GreenPark, Current and Bad Robot Games.

One of the founders of Galaxy Interactive, Sam Englebardt, points out that the younger generation has already started to “move from the physical world to the digital world”.

AMC can issue its own cryptocurrency.

Adam Aron, CEO of the cinema chain AMC, has announced that the company may issue its own cryptocurrency.

Aron mentioned the plan in an interview with CNBC and stated that AMC is “getting too excited about the crypto market”.

The CEO said, “There are many reasons AMC can become both a cryptocurrency issuer and a cryptocurrency purchaser,” which means the company can create a money token.

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Market

Crypto News October 21: $ 75,000 is the next target for Bitcoin with news from Ethereum, Shiba Inu, Binance, Decentraland, Trader Joe, MtGox

The statement states that Bitcoin is targeting $ 75,000 so that AMC can potentially issue its own cryptocurrency. Here are some highlights from the crypto market.

tin-van-crypto-21-10

Bitcoin news

Data from TradingView shows BTC / USD is bouncing back from a decline towards the $ 64,000 region.

The move comes amid a decline in stocks as the market responds to renewed concerns about China’s real estate giant Evergrande.

Bitcoin has hit a new all-time high of over $ 67,000 after a strong rally of over $ 3,000. Analysts note that the monthly candle for October has surpassed previous ATH levels since December 2017.

The Netherlands-based crypto education and advisory platform Eight says Bitcoin is trying to bring the old ATH level into a support zone. If the price jumps from here, $ 75,000, $ 87,000, and $ 96,000 will be the areas the market will target.

Elon Musk predicts Bitcoin will hit $ 69,000.

Musk posted a meme showing a photo of a couple looking at the prices of Bitcoin and Ether. And surprisingly, BTC costs $ 69,000 in his opinion.

Bitcoin peaked above the $ 67,000 region before the market fell slightly and is currently changing hands around the $ 66,000 region.

Bitcoin is likely to continue to grow.

As the CryptoQuant analyst explains, there seems to be a connection between the net flow of BTC (Bitcoin Netflow) and the recent bull run.

Bitcoin netflow is defined as the difference between inflow and outflow, it shows the amount of BTC entering or leaving centralized exchanges.

tin-van-crypto-21-10

Bitcoin Netflow | Source: cryptoquant

In the graphic above, the analyst has highlighted the behavior of the indicator in relation to the Bitcoin price. It is clear that the indicator always hits zero just before a strong rally.

An indicator value of 0 means that the amount of BTC going in and out of the exchange is balanced.

Bitcoin netflow is currently at 0, which means the market is still preparing for an upcoming bull run.

Also, the open interest of all crypto asset futures hit a record high when it passed the $ 52 billion mark. This is also a positive signal for the crypto market.

Ethereum news

The online data provider Santiment tweeted that wallets with 1 to 10 million ETH have bought large amounts of ether in the past three months.

During that period, they bought 13.9% of the Ethereum supply and continued to add, although the price of Ether climbed to $ 4,200 and almost topped the May ATH threshold.

News Shiba Inu

Shiba Inu, a cryptocurrency meme named after a Japanese dog, is now available on the Public.com trading app.

The New York-based online brokerage company added support for cryptocurrencies in early October, starting with Bitcoin, Ether, Litecoin, Dogecoin, and several other altcoins.

Public, a competitor to Robinhood and WeBull, was first founded in 2019. In February of this year, the company reached a valuation of $ 1.2 billion after a $ 220 million financing round.

Binance news

CEO Changpeng Zhao said Binance’s daily trading volume reached $ 100 billion in October.

The leading crypto exchange recorded this important milestone the day Bitcoin hit a new ATH at $ 67,276.

According to the data provided by CoinMarketCap, although the exchange has put stricter measures in place for users to comply with regulations, Binance still has an edge over other crypto exchanges in both the spot and derivatives markets.

News Decentraland

The Metaverse Decentraland Festival starts at 3:00 a.m. on October 22nd welcome 80+ artists bringing the crypto community together for a 4 day music party.

The Metaverse Festival is Decentraland’s virtual world of music, culture and creativity.

The popular DJ 3LAU will perform on the Evolution Stage on the first day. He is joined by other artists such as Deadmau5, Paris Hilton, Nina Nesbitt, RAC, The Wombats, etc.

News Mt.Gox

follow notification on Wednesday by Nobuaki Kobayashi, the Mt. Gox trustee, creditors of the crypto exchange approved a compensation plan for the previously stolen bitcoin volume.

First launched in 2010 by programmer Jed McCaleb and later by Karpelès, Mt. Gox was one of the largest exchanges in the world in the early days of cryptocurrencies. A hack in 2011 and the subsequent collapse of the stock market in early 2014 affected nearly 24,000 creditors – most of them crypto holders.

These events resulted in a loss of 850,000 BTC, about $ 460 million then (about $ 56 billion then). However, Kobayashi is only said to have 150,000 BTC to give back to users.

News from Trader Joe

Avalanche DEX, Trader Joe, was today announced the launch of Banker Joe, the new lending platform based on the Chainlink price feed.

Once integrated, users can leverage Banker Joe to earn interest on their assets by lending to others through non-custodian pools or by depositing their assets as collateral for further borrowing.

Other news

Cboe takes over Erisx.

Cboe Global Markets Inc. announced on Wednesday that it has agreed to acquire Eris Digital Holdings LLC (Erisx).

Erisx’s futures exchange is regulated by the Commodity Futures Trading Commission (CFTC). In addition, its clearing company is registered with the Financial Crimes Enforcement Network (FinCEN) and licensed in many US states and territories.

“With the acquisition of Erisx, Cboe will tap into the spot market, derivatives and clearing ecosystem,” said Chris Isaacson, CEO of Cboe.

Galaxy Interactive enters the blockchain-based gaming market.

After a $ 325 million round of funding, Galaxy Digital – Galaxy Interactive – to plan participates in the field of games based on blockchain and artificial intelligence.

According to the latest announcement, approximately $ 150 million of the $ 325 million has been invested in new companies that complement Galaxy Interactive’s existing portfolio with more than 60 interactive companies including Mythical Games, Immutable, StockX, Genvid, GreenPark, Current and Bad Robot Games.

One of the founders of Galaxy Interactive, Sam Englebardt, points out that the younger generation has already started to “move from the physical world to the digital world”.

AMC can issue its own cryptocurrency.

Adam Aron, CEO of the cinema chain AMC, has announced that the company may issue its own cryptocurrency.

Aron mentioned the plan in an interview with CNBC and stated that AMC is “getting too excited about the crypto market”.

The CEO said, “There are many reasons AMC can become both a cryptocurrency issuer and a cryptocurrency purchaser,” which means the company can create a money token.

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