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🔻 #Bitcoin is under pressure due to a hot CPI, oil prices, and the SEC and DOJ crackdown, but next week may turn things around. Here are the key facts and figures to know so far ⏬ #CryptoNews

🎉 Countdown to Bitcoin White Paper Day: Epoch 1 Get ready to celebrate! Bitcoin's birthday is just around the corner. On October 31, 2008, Satoshi Nakamoto distributed a nine-page white paper that would change the world. To commemorate the day, we've launched a series of posts tracing Bitcoin's marvelous history. 📖 Nakamoto's vision introduced the concept of decentralized money, solving the double-spend problem — the risk of copying or reusing digital assets. The periods of Bitcoin's existence (roughly four years) between halvings are known as epochs, and each brought milestones, from tech advancements to the entire nation of El Salvador making BTC legal tender. Here's how it all started. ⬇️ Epoch 1 (2009 - 2012): Proof of concept and growth The crypto revolution began with the mining of Bitcoin's genesis block in 2009. This epoch, which concluded with block 210,000, marked the beginning of a journey that would establish the viability of blockchain. The initial block reward of 50 BTC is now worth over $3 million! 📈 As adoption of Bitcoin grew, so did its market cap, reaching an impressive $127 million. Early investors and speculators drove the price up to $12 in a speedy and sustainable push. On May 22, 2010, a Florida man named Laszlo Hanyecz offered to pay 10,000 BTC (then worth just $41) for the delivery of two Papa John's pizzas on the BitcoinTalk forum. That first transaction is now commemorated by Bitcoin Pizza Day. 💲 Nine months later, BTC reached parity with the USD, making those pizzas worth $10,000 — and today, their price is an eye-popping $600 million! Satoshi designed 33 epochs spanning 130 years to kick-start the global monetary revolution, but look how quickly it unfolded! Stay tuned for our Epoch 2 overview next week! 🏆 EarnBIT in CoinGecko's Top 100: https://lnkd.in/gZDW7has #bitcoin #cryptotrading #cryptonews

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Money Electric is an incredible flop and its "reveal" is far-fetched. The big question is: why did Cullen Hoback pick one theory out of many? Most of the movie is misdirection prefacing a conspiracy theory about Peter Todd, yet the evidence is flimsy and consequential at best. One can't rule him out, but Hoback hasn't found a smoking gun proving he is Satoshi. Todd and Adam Back weren't the only people discussing digital cash on crypto mailing lists and BitcoinTalk. Presenting spelling as proof — while Hoback himself says it is "British or Canadian" — is clutching at straws, like everything else. What's more, he makes no effort to investigate other theories. You have probably heard Satoshi is any of the following: - State agency like the CIA or NSA, aiming to track everyone's transactions. - Team of developers involving Nick Szabo, Hal Finney, and others.  - Group of financial institutions: banks created Bitcoin to dominate the crypto space. - Artificial intelligence. - Elon Musk 🤷🏻 Hal Finney's writing style was also similar to Nakamoto's posts. Amazingly, a man named Satoshi Nakamoto lived next door to him. However, as Finney passed away in 2014, all we have is his official denial in a Forbes interview. One thing is clear. A person intelligent enough to craft Bitcoin may have deliberately erased all evidence definitively linking them to it. So why did Hoback single out Todd?

🇦🇪 🙌 The EarnBIT team is soon flying to Blockchain Life 2024 (https://lnkd.in/dAk7nFg), an incredible event bringing together 10,000+ participants from 120+ countries! "The world crypto whales meeting point," devoted to all things blockchain and Web3, runs through October 22-23 — contact us to catch up in Dubai: 🗓 Calendly: https://lnkd.in/exRhd-gr (please include a reference to BL2024) 💬 EarnBIT Chat: https://lnkd.in/eiu4xz8G

🔔 Macro alert: FOMC minutes (Oct. 9) & US CPI (Oct. 10) 🔽 Markets are gearing up for two pivotal pieces of macro input — the FOMC minutes, due tomorrow, and the new CPI report on Thursday. 🎙 Fed Chair Jerome Powell has pushed back against expectations of an aggressive November cut, saying he envisions two more trims this year totaling 50 bps "if the economy performs as expected." The latest FOMC meeting minutes will shed more light on the officials' perception of the path forward. The regulator remains data-driven, scrutinizing new economic figures to calibrate further adjustments. Last week's strong jobs report affected cut expectations, with 25 bps looking almost certain. The labor market's rebound with 254,000 added jobs, well above the average forecast of 140,000, has certainly made its mark. 📉 In August, the US inflation hit the lowest low since February 2021, prompting the "jumbo" cut. The Cleveland Fed expects mild deceleration in both headline and core CPI — 2.25% and 3.11% YoY, respectively, vs. 2.5% and 3.2% YoY in August. A softer-than-expected reading may revive hopes for another 50 bps, but the initial jobless claims (also due Oct. 10) could outweigh the impact. The more resilient the US economy, the harder it is for the Fed to deliver a large cut. ⛔️ Geopolitical tensions in the Middle East continue to cast a shadow over risk assets, including Bitcoin, with oil prices edging closer to $80 per barrel. Last week, BTC plunged to $60K as Iran launched missiles at Israel, prompting the latter to threaten strikes on the Islamic Republic's oil production facilities. As energy and defense stocks surged, global markets were weighed by a risk-off sentiment. Risk assets may come under renewed pressure in case of further escalation, while gold and the US dollar should consolidate. More macro insights next week! #cryptotrading #cryptonews #bitcoin #fed

🔥 Bitcoin's poor start to October aligns with historical patterns — most gains typically occur in the second half of the month. Is another Uptober in the cards? 🔽 October has been historically bullish, ending in the red only twice since 2013. Yet, according to CoinGlass, the first week is usually bearish, with significant price hikes after October 15 and an average gain of 22%. That said, today's fundamental and macro landscapes are at the forefront. The Middle East escalation has shaken the markets, bolstering oil prices and shifting the sentiment to commodities. On October 3, this pushed BTC back to $60K. Friday's blockbuster US jobs report revitalized risk assets, leading to BTC reclaiming $63K. This strong data reduces uncertainty, which bodes well for crypto, while also diminishing hopes for a 50-bps Fed cut. The addition of 254,000 jobs in September, far above projections, cements expectations that the FOMC will only trim rates by 25 bps. HBO's "Money Electric: The Bitcoin Mystery" should attract heightened market attention to BTC, as it claims to unveil Satoshi Nakamoto's identity. The documentary airs tomorrow, October 8, at 9 PM ET. Still, the Middle East turmoil is causing mixed feelings — Polymarket shows a modest high of $65K is the most likely. Do you agree?

☝⌛ #Bitcoin and major altcoins are in the red, but today's US jobs report may provide macro support in the wake of the Fed cut. Next week will also bring crucial data — key highlights below ⬇️ #cryptonews

👨🏫 Inexperienced traders should steer clear of leverage. This new installment in our YouTube series with CEO Philipp Girusov explains why. 👉 https://lnkd.in/eZWx2inp #cryptotrading

🔎 Aside from #Bitcoin and ether, nearly 15,000 cryptocurrencies are available for trading. Which suit your goals and risk profile? Here's an in-depth guide from our research team 👉 https://lnkd.in/eZnbSkXh #cryptotrading