Crypto Mania Ongoing! Did We Really See It Coming?

Here's What Included: 
 

  • Bitcoin Breaks Through $60k, Continuously Building Momentum 
  • Crypto Imperiling $7 Trillion Of Stocks Makes China’s Point
  • Ethereum Price Hits $3,800, Boosting Bulls' Control in Friday's ETH
  • Valve Removes Blockchain Games And Said Not to Publish Content On Crypto or NFTs


That being said, let's dive right in!
 


 

Bitcoin Breaks Through $60k, Continuously Building Momentum
 


The world’s most prominent digital currency climbed above $60,000 close to 10 a.m. EDT, CoinDesk data shows.

“It’s an exciting day in the crypto world with Bitcoin breaking $60,000,” said Brett Sifling, an investment advisor for Gerber Kawasaki Wealth Ltd.


Before the digital currency surpassed $60k, Nick Spanos, cofounder of Zap Protocol, 

Stated that rising above that price level would cause bitcoin to “gain fresh momentum to target its all-time high of $64,483.”


He noted that “if this resistance level is breached, BTC would then have fresh momentum and traders would target the $68,000 and $70,000 resistance levels.”


Crypto Imperiling $7 Trillion Of Stocks Makes China’s Point
 


China’s argument with cryptocurrencies got quite an assist from index giant MSCI.

Crypto enthusiasts like to think bitcoin and other private mediums of exchange exist outside the conventional financial system. 


So do, it often seems, officials from Washington to Tokyo dragging their feet on regulatory responses.

“Institutional investors may have more exposure to cryptocurrency risk than they realize,” says the report’s lead author Harlan Tufford.


“Twelve years since bitcoin’s creation, cryptocurrencies today are a part of business for at least 52 companies covered by MSCI ESG Research.


Ethereum Price Hits $3,800, Boosting Bulls' Control in Friday's ETH
 


Ether (ETH) entered a slightly bullish channel earlier this month and currently, the price is marching toward the $3,800 level. 

Despite the recent turbulence, Ether bulls are set to bag a $53 million profit on Oct. 15's weekly options expiry.


Investors also appear to be disinterested in Ether's recent underperformance versus Bitcoin (BTC) and to date, the altcoin's gains stand at 265%. 

If Ether manages to stay above $3,600 on Friday, 99% of the $180 million put (sell) options will become worthless.


Valve Removes Blockchain Games And Said Not to Publish Content On Crypto or NFTs
 


Video game corporation Valve has informed users no content related to cryptocurrencies or nonfungible tokens will be allowed through its Steam marketplace.

As reported by game developer SpacePirate on Oct. 14, Steam has updated its guidelines for what content creators are allowed to publish on the platform. 


According to Steam, no applications built on blockchain technology that “issue or allow the exchange of cryptocurrencies or NFTs” is permitted in its onboarding process for partners. 


Reference:

- www.forbes.com/sites/cbovaird/2021/10/15/

bitcoin-breaks-through-60000-building-momentum-to-reach-fresh-highs

- www.forbes.com/sites/williampesek/2021/10/15/

crypto-imperiling-7-trillion-of-stocks-makes-chinas-point

- www.investing.com/news/cryptocurrency-news/

ethereum-price-hits-3800-boosting-bulls-control-in-fridays-eth-options-expiry-2645694

- www.investing.com/news/cryptocurrency-news/

valve-removes-blockchain-games-tells-users-not-to-publish-content-on-crypto-or-nfts-2645715
 

 

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