05 oct: bitcoin beats usd

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Welcome to Thursday Folks! , there was good coverage on more countries adopting CBDCs but from the Wholesale perspective for the banks. Today, no news is really trending but it is interesting to see how much Bitcoin is up since inception and that it's outperforming the USD. Many debate if it's a store of value or a safe haven and I continues to believe it is. Bitcoin is trading up at $27,695.40. Let's get on with the lack of news...

Bitcoin is beating inflation better than the U.S. dollar, the Federal Reserve says — unintentionally. Bitcoin sees unprecedented surge in address creations, fueling bullish speculation. Bitcoin remains resilient, with Glassnode's Yann Allemann suggesting that a sharp downturn is improbable. Bitcoin miners Marathon, Riot, CleanSpark increase BTC output in September. Block, co-founded by Twitter CEO Jack Dorsey, is one step closer to launching its Bitcoin hardware wallet, BitKey which aims to provide users full control over their Bitcoin assets with a unique three-key security strategy.

BITCOIN PRICE UP 3.6 BILLION PERCENT SINCE IT WAS FIRST PRICED ABOVE ZERO

Ethereum (ETH) represents an even bigger investment opportunity than Bitcoin (BTC), according to Matt Hougan, the chief investment officer at Bitwise. BNB price is trading within the long-term $210 horizontal support area, bouncing inside it during September 11-18 and the weekly timeframe readings are bearish but the daily timeframe RSI and price action offer hope for a bullish reversal. XRP reaches new horizons after new pro-Ripple decision and XRPL hits historic milestone, potential upsides for XRP.

Central banks will face unfamiliar challenges to achieve CBDC inclusivity, study says.

Binance Will Delist a Whopping 19 Trading Pairs on October 6th.

US crypto legislation could stall amid Republican leadership drama.

FTX exploiter moves $36.8M in Ether as Sam Bankman-Fried’s trial starts. Concordium founder says some level of identity verification needed to prevent crypto scams. Crypto laundered through coin swaps, bridges and DEXs hits $7 billion: Elliptic.

Podcast of the Day: A Leading Candidate for Next Speaker of the House is One of Crypto's Biggest Allies in D.C. | The Breakdown

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