Global #price movements

The MOVE index, or the U.S. Bond Market Option Volatility Estimate Index, has garnered attention for its potential to anticipate movements in Bitcoin's price, though its predictive power is nuanced and not foolproof.

As of October 9, 2024, Bitcoin (BTC) has experienced a notable correction, testing the $61,850 zone after struggling to maintain momentum above the $65,000 mark.

Cardano (ADA) recently took a significant step toward decentralization with the Voltaire Chang hard fork, which aims to enhance governance by giving ADA holders more influence.

In a surprising turn of events, Whale Alert, a platform dedicated to tracking blockchain transactions, reported that a dormant Bitcoin address holding 41 BTC—valued at over $2.6 million—has become active after nearly 11 years of inactivity.

A prominent cryptocurrency analyst has recently shared an optimistic outlook for Dogecoin ($DOGE), suggesting that the meme-inspired cryptocurrency could see a dramatic price surge of over 1,000%, potentially reaching $1.6 in the future.

As Bitcoin continues to gain momentum since its low in early August, market analysts are turning their attention to a significant factor that could influence its trajectory: the correlation between Bitcoin and the Chinese Yuan (CNY).