Quote from: jostorres on October 08, 2021, 09:32:05 PM

Quote from: Fredomago on October 07, 2021, 11:24:43 PM

I'll be going to find more about that info. Yes, it's good now and we see green mostly inside the market after September's end. Though currently we see some red either short corrections or day traders are now cashing out with decent profits inside their pockets.

I see your point and that's the best reason why the market is pumping, US views about crypto have a much wider scope than China's fuds.

Most of the time, those who understand the game are capable of reading the drama with all this news that circulates around this industry.

USA has always been supporting crypto one way or another. Not in a "let's make it a legal tender" type of way, but they do allow its existence and even made laws about it as well. So for right now, we are in a situation where it is purely allowed in almost anywhere in USA and that is why it is such a huge deal.

Look at Coinbase, that is the biggest example of what you can get when a nation supports crypto, they got themselves a huge company in Nasdaq worth hundreds of billions of dollars, all because they knew that crypto wasn't a problem and let it be, if they put a ton of challenges in front of Coinbase then they wouldn't have such a big company.

You are right, Coinbase has that and the business is really moving well. Cash app also cater US and it gives citizen to send money p2p, with that usages and such a big nation as them who understand the innovative system any Fuds from China will be replace by a good trust from those who understand how big the potential of Bitcoin.

Quote from: StreakW on Today at 11:52:27 AM

The month of October saw Bitcoin and the crypto market have bounced back from the selling pressure of last September which was quite attention-grabbing as it seemed to determine the basis of the mid-term trend. the current price spike will push the Bitcoin price higher where the Bitcoin price will hit $65k again in the rest of the year.

Last month pressure might already been overcome, now we are seeing good market bounce even some slight corrections but
still gaining good support barrier, it's expected to bring experienced better bounce and possible reaching the last time high.