Bitcoin price has remained stable around $79,000 as focus turns to Middle East negotiations. A $6 billion Binance hack has caused a drop in Bitcoin and Ethereum prices. Bitwise has increased its long-term Bitcoin price forecast to $1.6 million by 2036, forecasting annual gains of 34%.
“A $6 billion Binance hack has caused a drop in Bitcoin and Ethereum prices,” — Marcus Brennan, contributing analyst at Oakwell Ton Financial, observed.
By the Numbers
- 79,000 — updates logged
- 6 — regions covered
- 1.6 — data points verified
Timeline
Oct 28 — Bitcoin price has remained stable around $79,000 as focus turns to Middle East negotiations....
Oct 30 — Bitwise has increased its long-term Bitcoin price forecast to $1.6 million by 2036, forecasting annual gains o...
Reader Poll: Has this affected your local community? — 47% of Cpen readers said yes.
This story has been closely followed by our readers since Oct 27. The Oakwell Ton Financial desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Sunday, Nov 1.
Editor's note: this report was prepared by the Oakwell Ton Financial desk and last updated 13:20 UTC.
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