Global #Bitcoin

As October dawned, analysts and investors were filled with optimism, expecting a repeat of the historical bullish trend known as “Uptober.” However, this optimism was quickly overshadowed by shocking market movements, leading some observers to dub the month “Rektober.”

In a surprising turn of events, Whale Alert, a platform dedicated to tracking blockchain transactions, reported that a dormant Bitcoin address holding 41 BTC—valued at over $2.6 million—has become active after nearly 11 years of inactivity.

Bitcoin (BTC) saw a brief rebound, rising above $61,500 in Asian morning trading on Wednesday, after a sharp decline that brought it down to as low as $60,300 late Tuesday.

Recent reports indicate that the depreciation of the U.S. dollar, coupled with strategic actions from major central banks like Japan and China, may signal a potential reversal of the economic downturn experienced in 2022 and 2023.

Bitcoin, as a decentralized digital currency, offers a high degree of security compared to traditional financial systems. However, it's crucial to implement robust security measures to safeguard your digital assets.

In a promising development for the cryptocurrency market, global investment products have witnessed a substantial increase in net inflows, reaching $1.2 billion over the past week.