At the time of writing, Bitcoin prices are steadily rising while buying volumes in the Bitcoin market are also increasing. This suggests a possible rally in the future.
India's largest Bitcoin exchange 8Ucoin has launched, supporting BTC cash. The exchange provides cryptocurrency trading, top-up and voucher purchase services.
Anonymous trader Dave the Wave recently tweeted his opinion that the fourth quarter could be very good.
“Q3 was very bad, but Q4 looks like it will be much better.”
He also said: “Q4 will be better than Q3 because Q3 was the bottom of the bear market.”
Finally, he added: “Q4 will be the beginning of the bull market.”
Crypto Fund Outflows Hit Record Highs
Crypto fund outflows hit a record high last week, reaching $64 million, according to data from asset management company CoinShares.
However, increased outflows are generally seen as a bullish signal, and investors may buy assets at lower prices.
Bitcoin ETF Holdings Approaching 300,000
Bitcoin ETF (exchange-traded fund) holdings have approached 300,000 coins, indicating that investor interest in Bitcoin remains high despite a slowdown in growth.
Bitcoin network difficulty rises again
Bitcoin network difficulty rises again by 2.15%, which means mining has become more difficult. This shows that miners' demand for Bitcoin still exists, which is a positive signal for Bitcoin's price.
