Global #Bitcoin

As Bitcoin continues to gain momentum since its low in early August, market analysts are turning their attention to a significant factor that could influence its trajectory: the correlation between Bitcoin and the Chinese Yuan (CNY).

Tokyo-listed investment firm Metaplanet announced on Tuesday that it has acquired an additional 107.913 Bitcoin, valued at approximately ¥1 billion (around $7 million). This latest purchase brings the firm's total Bitcoin holdings to roughly 506 BTC, which is equivalent to about $32 million at current Bitcoin prices.

As we enter the fourth quarter of 2024, Bitcoin (BTC) options activity is gaining momentum, reflecting a growing risk-on sentiment among traders. The arrival of October brings renewed excitement within the Bitcoin community, marking a time historically known for price rallies—popularly dubbed "Uptober."

As we step into October 2024, the cryptocurrency landscape continues to evolve, and Bitcoin remains at the forefront of this transformation.

MicroStrategy, an early institutional investor in Bitcoin, has reaped remarkable rewards from its bold investment strategy. The company, now the largest public holder of BTC, has achieved a staggering 36x return on its initial investment.

The cryptocurrency landscape is witnessing a significant shift as Coinbase app downloads surge, signaling a renewed interest in Bitcoin among retail traders.