Author: Cointelegraph By Ciaran Lyons

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Bitcoin's price shows 'no clear direction' amid active address decline

Bitcoin active addresses are declining due to a large amount of the market being “gobbled up” by institutional cash, says one analyst. Source link

US Fed rate cut could push Bitcoin down 20%: Analysts 

Bitfinex says it’s a “challenging time” for Bitcoin traders as the US Fed’s widely expected rate cut could lead to a drop in Bitcoin’s price and not a boost as hoped by the market. Source link

Are there ‘too many’ blockchains for gaming? Sui’s randomness feature: Web3 Gamer

Too many blockchains and less funding for the industry? Plus, Sui’s randomness feature for gaming developers: Web3 Gamer Source link

Bitcoin onchain indicator signals $58.5K price near 'favorable' buy level

A CryptoQuant contributor has indicated that a slight decrease in Bitcoin’s Puell Multiple index could present a ‘favorable buying opportunity.’ Source link

80-year-olds making crypto withdrawals will ‘get a call,’ says crypto exec

Independent Reserve CEO Adrian Przelozny says the exchange has a team that spends all day calling potential scam victims to question their suspicious transactions. Source link

Bitcoin must reach a 'higher high' to confirm uptrend after dip below $58K

If Bitcoin is to maintain its longer-term uptrend, it must avoid breaking down below $56,000, according to a crypto analyst. Source link

'Absolutely nuts' — Crypto community reacts to X suspension in Brazil

Some members of the crypto community believe this could trigger a domino effect, with other countries following Brazil’s lead. Source link

Bitcoin exchange reserves reach new yearly low amid $60K price retest

Crypto analysts think that the declining Bitcoin supply on exchanges suggests “something is happening” that could support a bull market, provided demand “continues to grow.” Source link

Long-term Bitcoin holder buys hit $10B mark as price slips below $60K

Bitcoin held in long-term holder wallets has topped $10 billion amid its price falling below $60,000. Source link

Elon Musk is worth 100K followers: Yat Siu, X Hall of Flame

His followers include William Shatner and Paris Hilton, but Animoca’s Yat Siu says Elon Musk would have a much greater impact: X Hall of Flame Source link