Live Feed

BTC News: U.S. Treasury Secretary Scott Bessent Praises Bitcoin's Resilience

U.S. Treasury Secretary Scott Bessent recently celebrated the 17th anniversary of the Bitcoin white paper, highlighting the cryptocurrency's continuous operation and resilience amidst political gridlock in Washington. In his message, Bessent contrasted Bitcoin's relentless functionality with the challenges faced by Congress, particularly during the ongoing partial federal shutdown affecting nearly a million federal employees. This commentary also signals ongoing support from the Treasury towards digital currencies, building on previous endorsements of stablecoins under the GENIUS Act and the proposal of a Strategic Bitcoin Reserve. While his remarks received mixed reactions within the crypto community, they underscore a growing recognition of Bitcoin as a stable alternative amid government inefficiencies. The celebration date, October 31, is significant in the crypto world, as it commemorates the release of Satoshi Nakamoto's Bitcoin white paper, which laid the groundwork for the cryptocurrency's inception in 2009.

Source 🔗

Bitcoin's Seasonality: ‘Uptober’ Disappointed; ‘Moonvember’ Hype Starts Building Up

Recent analysis indicates that November may be Bitcoin's strongest month, with an eye-catching average gain of 42.5% since 2013, although this number is skewed by a remarkable 449% spike in 2013. The median return for November is a more modest 9%, suggesting significant variation in performance across

Bitcoin's Seasonality: ‘Uptober’ Disappointed; ‘Moonvember’ Hype Starts Building Up

Bitcoin's recent performance in October known as 'Uptober' was disappointing, breaking a six-year trend where the month usually ends positively. Analysts observed that October closed down 8.5%. In contrast, November, dubbed 'Moonvember', has seen an average gain of approximately 42.5% since 2013,

Bitcoin's Seasonality: ‘Uptober’ Disappointed; ‘Moonvember’ Hype Starts Building Up

Bitcoin's performance in November has become a subject of discussion among analysts, particularly following a disappointing October. Analyst Lark Davis asserts November is Bitcoin's strongest month, averaging a 42.5% gain, though this figure is skewed by an extraordinary 449% increase in 2013. The median gain

Read next