BTC/USD: Bitcoin Price Regains $63,000 After Jobs Data Jolts Crypto Deals
The cryptocurrency market saw a significant boost as Bitcoin's price surged past the $63,000 mark following impressive U.S. jobs data. According to TradingView, this increase came after the announcement that 254,000 new jobs were added in September, far exceeding expectations of 145,000. This news not only benefited Bitcoin but also led to gains across various crypto assets as traders aimed to recover from early October losses.
Current Price of Bitcoin and Its Market Dynamics
As reported by Fortune, the current price of Bitcoin stands at approximately $62,861.45 with a slight daily increase of +0.83%. Despite its volatility and recent fluctuations dropping it below previous highs earlier in September, experts continue to view it as an attractive investment asset due to its potential for high returns compared to traditional stock portfolios.
MicroStrategy’s Strategic Bet on Bitcoin
A report from DLNews highlights MicroStrategy's strategic accumulation of Bitcoins worth about $16 billion which is expected to drive their stock up by 64% according to analysts' predictions. The company has been actively purchasing since 2020 under Michael Saylor's leadership and currently holds over 252,220 Bitcoins.
EIP-7781 Proposal Aims To Enhance Ethereum Performance
An exciting development within the Ethereum network involves EIP-7781—a proposal aiming for faster transaction processing times through reduced slot intervals—from twelve seconds down to eight—thereby increasing throughput capacity significantly without raising bandwidth demands per node, reports Blockworks.
Tornado Cash Developer Receives Support From Vitalik Buterin Amid Legal Challenges
The Daily Hodl reveals how Ethereum co-founder Vitalik Buterin donated substantial funds towards Roman Storm’s legal defense fund amidst ongoing litigation involving Tornado Cash developers accused of regulatory breaches related to privacy-focused transactions facilitated via decentralized platforms like theirs. This demonstrates solidarity among blockchain community members during challenging periods faced by innovators pushing technology adoption boundaries globally.
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- BTC/USD: Bitcoin Price Regains $63,000 After Jobs Data Jolts Crypto Deals
- Current price of Bitcoin as of October 7, 2024
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