","button_title":"Play-to-Earn Game List","span_one":"No obligations","span_two":"Free to use"}},"header":{"homepage":"Homepage","Game Reviews":"Game Reviews","Game List":"Game List","Developers":"Developers","Developer List":"Developer List","Gaming News":"Gaming News","search":"Search","local":"en","Popular P2E Developers":"Popular P2E Developers","Play To Earn Games":"Play To Earn Games","P2E Games":"P2E Games","Crypto Games":"Crypto Games","Web3 Games":"Web3 Games"},"meta":{"title":"Games to Earn, Blockchain, NFT, P2E Games List","description":"Play hundreds of games! Games to Earn, P2E, Blockchain, NFT, Crypto, Web3 Games. Read game reviews and start playing right away. Play now!","ogType":"article","keywords":"NFT Games, Crypto Games, Earning Games, Earning Games, Blockchain Games, P2E Games"}}},"initialLocale":"en","ns":["news_letter","singleNews","singleGame","footer","common","header","meta"],"userConfig":{"i18n":{"locales":["en","hi","fr","es","de","pt","nl","tr"],"localeDetection":false,"defaultLocale":"en","domains":[{"domain":"playtoearngames.com","defaultLocale":"en"},{"domain":"hi.playtoearngames.com","defaultLocale":"hi","locales":["hi-IN"]},{"domain":"fr.playtoearngames.com","defaultLocale":"fr","locales":["fr-BE","fr-CA"]},{"domain":"es.playtoearngames.com","defaultLocale":"es","locales":["es-GT","es-MX"]},{"domain":"pt.playtoearngames.com","defaultLocale":"pt","locales":["pt-BR"]},{"domain":"de.playtoearngames.com","defaultLocale":"de","locales":["de","de-DE","de-AT","de-CH"]},{"domain":"nl.playtoearngames.com","defaultLocale":"nl","locales":["nl-BE"]},{"domain":"tr.playtoearngames.com","defaultLocale":"tr"}]},"trailingSlash":true,"default":{"i18n":{"locales":["en","hi","fr","es","de","pt","nl","tr"],"localeDetection":false,"defaultLocale":"en","domains":[{"domain":"playtoearngames.com","defaultLocale":"en"},{"domain":"hi.playtoearngames.com","defaultLocale":"hi","locales":["hi-IN"]},{"domain":"fr.playtoearngames.com","defaultLocale":"fr","locales":["fr-BE","fr-CA"]},{"domain":"es.playtoearngames.com","defaultLocale":"es","locales":["es-GT","es-MX"]},{"domain":"pt.playtoearngames.com","defaultLocale":"pt","locales":["pt-BR"]},{"domain":"de.playtoearngames.com","defaultLocale":"de","locales":["de","de-DE","de-AT","de-CH"]},{"domain":"nl.playtoearngames.com","defaultLocale":"nl","locales":["nl-BE"]},{"domain":"tr.playtoearngames.com","defaultLocale":"tr"}]},"trailingSlash":true}}}}October's Focus: Is Uptrend Coming with 38.2% Fibonacci? - Play to Earn Games News
October's Focus: Is Uptrend Coming with 38.2% Fibonacci?
Reinout te Brake | 01 Oct 2024 08:50 UTC
The Latest Updates in the cryptoMarket for October 2024
As October begins, the cryptoMarket is experiencing notable activity, with Bitcoin hovering near the 38.2% Fibonacci level. This indicates the potential for an uptrend, especially if key resistance at $64,150 is surpassed. Current Market trends suggest a period of increased volatility, with various factors influencing the Digital asset landscape.
Hedge fund manager CK Zheng at ZX Squared Capital predicts a fourth-quarter surge for Bitcoin, irrespective of the US presidential election outcome. The growing debt and deficit in the US make Bitcoin an attractive hedge for investors. The upcoming halving event in April 2024 also points towards potential gains for Bitcoin in the final quarter of the year.
Institutional interest in Bitcoin is on the rise, with the cryptocurrency being seen as a Digital version of gold. With the possibility of the Federal Reserve reducing interest rates, Bitcoin is anticipated to reach new record highs.
Bitcoin Seen as a Commodity by Cantor Fitzgerald CEO
Cantor Fitzgerald CEO Howard Lutnick views Bitcoin as a commodity, comparing it to assets like gold and oil. Lutnick emphasizes the need for regulatory clarity and integration of Bitcoin into global markets. His support for Bitcoin integration may encourage more institutional interest in the Digital asset.
Senator Niraj Antani of Ohio is sponsoring a bill allowing citizens to pay their local and state taxes with cryptocurrencies like Bitcoin. This move highlights the increasing acceptance and use of Digital assets in traditional financial transactions. Other states may follow suit, further boosting the credibility and value of cryptocurrencies like Bitcoin.
September Success Sets Stage for a Bullish October for Bitcoin
Bitcoin’s recent Pricesurge in September, marking its best performance since 2013, sets a positive tone for October. Factors such as US political sentiment, institutional Investments, and global monetary Policies all influence Bitcoin's Market performance. Successful Septembers historically lead to strong results in the fourth quarter, indicating potential Price gains in the upcoming months.
As of October 1, 2024, Bitcoin is trading around $63,840, showing mild bullish momentum in the Asian session. Key resistance is observed at $64,150, with support levels at $62,980. The technical indicators suggest a neutral stance, leaving room for potential Price swings in either direction.
Why Pepe Unchained ($PEPU) Is an Emerging crypto to Watch
Pepe Unchained ($PEPU) has gained attention as a promising cryptocurrency with Growth potential. Early investors can benefit from the presale phase and lucrative Staking opportunities. With a high APY Staking feature and solid financial backing, $PEPU is considered a strong addition to any crypto portfolio.
Overall, the cryptoMarket in October 2024 is vibrant and dynamic, with Bitcoin leading the way in setting the tone for potential gains. Stay tuned for further updates and developments in the Digital asset space.
Key Insights:
Bitcoin Potential:Market trends and analyst predictions indicate positive Growth opportunities for Bitcoin in the coming months.
Market Volatility: Factors like US political events and institutional interest contribute to the dynamic nature of the cryptoMarket.
Conclusion:
The cryptoMarket in October 2024 presents a mix of opportunities and challenges, with Bitcoin at the forefront of Market movements. Investors and enthusiasts should stay informed and keep a close watch on key developments to make informed decisions in this rapidly evolving landscape.