Important Bitcoin Events and News in the Last 10 Days
1. Bitcoin Price Surpasses $64,000: On October 14, Bitcoin's price broke through $64,000, resulting in over $100 million in short positions being liquidated. This is the highest price since September.
2. Bitcoin Approaching Historic Bull Market: Analysts predict that Bitcoin may experience a new breakout this October, partly due to the continued influx of institutional funds.
3. Bitcoin Miners Facing Challenges: Due to rising mining costs and the upcoming block reward halving, miner income is severely compressed, and miners are adjusting their strategies to remain profitable.
4. Nakamoto Upgrade of Stacks Protocol: The deployment of Stacks smart contracts has reached a record high, indicating that Bitcoin DeFi and scalability are about to undergo a new revolution.
5. Continued Growth in On-Chain Bitcoin Activity: On-chain transaction activity remains strong, showing sustained market interest in Bitcoin.
6. Surge in Institutional Investment: New products and solutions launched by institutions like Coinbase have driven the application of Bitcoin in the DeFi sector.
7. Increased Market Volatility: As Bitcoin's price has fluctuated significantly recently, some analysts suggest this may be the last buying opportunity.
8. Increase in Miner Holdings: Large mining companies, such as Marathon Digital, continue to increase their Bitcoin reserves, maintaining a long-term optimistic view on Bitcoin's future value.
9. New Products Launched by DeFi Protocols: Zest has launched the BTCz token, a yield token supporting Bitcoin, aimed at promoting DeFi applications.
10. Resurgence of Bitcoin's Market Dominance: With the rise in Bitcoin's price, its market dominance has exceeded 58%, approaching levels seen in April 2021.
These news items reflect significant developments in Bitcoin regarding on-chain activity, price volatility, and upcoming technological upgrades.
