 fell by about 4% on Oct. 2 due to the news of the armed impulse of Israel and Iran. Bitcoin fall to $60,000 on Oct. 2. On Oct. 1, 2024, Iran launched a large-scale ballistic missile attack targeting Israel. The war crisis escalated in the Middle East as Israel warned Iran to retaliate again, and bitcoin also fell weakly due to the decline in the asset market including the U.S. stock market. 2. Bitcoin Futures Market Liquidation Record $495 million It was fou', 'https://img.blockstreet.co.kr/photo/2024/08/30/20240830000001_0640.jpg', 'https%3A%2F%2Fwww.blockstreet.co.kr%2Fnews%2Fview%3Fud%3D2024100209013343162'));){kind=link}
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Bitcoin(BTC) fell by about 4% on Oct. 2 due to the news of the armed impulse of Israel and Iran. Bitcoin fall to $60,000 on Oct. 2. On Oct. 1, 2024, Iran launched a large-scale ballistic missile attack targeting Israel. The war crisis escalated in the Middle East as Israel warned Iran to retaliate again, and bitcoin also fell weakly due to the decline in the asset market including the U.S. stock market.
2. Bitcoin Futures Market Liquidation Record $495 million
It was found that the liquidation in the Bitcoin futures market recorded $495 million due to the sharp drop in the price of Bitcoin. According to data from the on-chain analysis platform CoinGlass on Oct. 2, around $312 million of funds that had been deposited in upward(long) bets were liquidated due to the sharp fall of Bitcoin. Bitcoin's long-term liquidation amounted to about $416.6 millionand its short-term liquidation amounted to about $73 million.
3. Bitwise Registers Ripple Investment Trust Product
It has been announced that Bitwise, a global asset management company, has registered its XRP investment trust product on a corporate registration website in Delaware. Bitwise said in interviews with multiple media outlets on Oct. 2 that it registered its Ripple investment trust product through an independent corporation in Delaware on Sept. 30.
4. Ripple Gets License For Cross-Border Payments In Dubai
Ripple announced on Oct. 1 that it will obtain a cross-border payment license from the Dubai Financial Services Administration(DFSA) and provide Ripple's own international payment service to corporate customers. Ripple said in an official statement that it will introduce Ripple Payment Direct in Dubai to provide low-cost and efficient international payment services.
5. Arthur Hayes "Bitcoin Will Reach $580,000"
Arthur Hayes, CEO of BitMex, predicted in a media interview on Oct. 1 that Bitcoin will eventually reach $586,500 due to the monetary policy of governments around the world. He explained that Bitcoin's value will continue to rise due to the global monetary policy of issuing large amounts of money and the resulting global economic instability.
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