Bitcoin mining company Sazmining has opened a new facility in Paraguay that will run on 100% renewable energy from the Itaipu Dam. The facility will operate customer-owned Bitcoin mining rigs on their behalf, with Sazmining taking a 15% commission for the service. The cost of energy is an important consideration for Bitcoin mining companies, and Sazmining's new facility will have mining costs of $0.047 per-kilowatt hour, substantially lower than in the United States. While Paraguay's hash rate production is currently only 0.15% of the entire Bitcoin mining network, Sazmining's President sees it as an opportunity for growth.

Bitcoin's price briefly surged towards $30k on Monday due to heightened volatility caused by a piece of fake news claiming that the SEC had approved BlackRock's spot Bitcoin ETF. However, the news was quickly debunked, and the price has since stabilized around $28.2k. The incident resulted in over $111 million being liquidated from the Bitcoin market in the past 24 hours, causing damage to leverage traders. Despite this, crypto traders are eagerly awaiting a spot ETF approval in the United States, which could open up new investment opportunities for institutional investors.

A trader who accurately predicted the bottom of Bitcoin's 2018 bear market is warning that the cryptocurrency could experience a pullback of over 20%. The analyst, known as Bluntz, believes that Bitcoin's recent rally is part of an ABC corrective move and could drop to $22,376. Bluntz uses the Elliott Wave theory in his technical analysis to predict future price action. Bitcoin briefly surged above $30,000 on Monday but has since retraced and is currently trading at $28,478.

Today's panic and greed index is 52 (yesterday was 47), and the level is still neutral. Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market survey (15%) + proportion of Bitcoin in the entire market (10%) + Google keyword analysis (10%).

October 17th, the BitVol (Bitcoin volatility) index launched by financial index company T3 Index in conjunction with Bitcoin options trading platform LedgerX rose to 42.6, a daily increase of 9.23%. BlockBeats Note: The BitVol index measures the expected implied volatility of 30 days obtained from tradable Bitcoin options prices. Implied volatility refers to the volatility implied by the actual option price.

ChainCatcher News, according to data, Bitcoin has broken through $28,000 and is now priced at $28,858.39, with a 24-hour increase of 3.9%.

According to the latest report from CoinShares on October 16th, digital asset investment products saw a net inflow of $15.2 million last week, marking the third consecutive week of net inflows. Bitcoin investment products saw a net inflow of $16.4 million last week, while Ethereum investment products saw a net outflow of $7.4 million. Investment products shorting Bitcoin saw a net inflow of $1.7 million. In addition, Solana investment products saw another inflow of $3.7 million.

Bitcoin News announced on social media that Revolut, the UK's largest financial technology bank with over 30 million users, has launched a new version and added the Bitcoin symbol to its main menu.

The crypto market saw significant gains in prices on Monday, with most major cryptos in positive territory. Bitcoin was trading near $28,000, indicating renewed investor confidence in the crypto. Ethereum and XRP also saw gains, while meme coins like Dogecoin experienced a slight decrease in price. The broader crypto market rallied, with the global crypto market cap up 2.22% to $1.08 trillion and the fear and greed index at 41, suggesting a move towards a neutral phase. Pepe Coin, Stacks, Bitcoin SV, and eCash were among the top gainers for the day.

Bitcoin, the world's largest cryptocurrency, saw a strong upward movement over the weekend due to whale accumulation. The current Bitcoin price is trading at $27,241 with a market cap of $530 billion. Technical charts suggest that the recent breakout above $27,000 could lead to a move up to $27,800.

October 16th, BitVol (Bitcoin Volatility) index launched by financial index company T3 Index in collaboration with Bitcoin options trading platform LedgerX rose to 39, with a daily increase of 0.44%. BlockBeats Note: The BitVol index measures the 30-day expected implied volatility derived from tradable Bitcoin options prices. Implied volatility refers to the volatility implied by the actual option price.

According to the Wall Street Journal, the US government is one of the largest holders of Bitcoin in the world, but unlike other cryptocurrency giants, it is not concerned about whether the value of digital currency is rising or falling. This is because the approximately 200,000 Bitcoins held by the US government were confiscated from cybercriminals and the dark web market. These Bitcoins are mainly stored in encrypted, password-protected hardware wallets controlled by the Department of Justice, the Internal Revenue Service, or other agencies and are not traded online.

October 16th, according to DefiLlama data, the TVL of New Bitcoin City, a FT imitation project based on the Bitcoin Layer 2 network NOS, has reached 1.07 million US dollars.

Bitcoin's computing power broke the previous record on October 12, 2023. Measured by the 7-day simple moving average (SMA), it has soared to 455 exahashes per second (EH/s), which is impressive. From this perspective, on January 1, 2023, the computing power hovered around 261 EH/s. This means that in less than a year, it has leaped by 194 EH/s.

According to 1ML data, the current number of Bitcoin Lightning Network nodes is 14,906, a decrease of 8.2% in the past 30 days; the number of channels is 64,204, a decrease of 6.8% from a month ago; and the network capacity is 5,280.87BTC, an increase of 10% per month.

According to btc.com, the current number of unconfirmed transactions on the entire network is 10,517, and the number has decreased by about 77% since 00:00 on October 15.

An organization calling itself the "Spartacus Plan" attempted to save tens of thousands of Afghan war logs released by WikiLeaks in July 2010 to the Bitcoin blockchain.

Bitcoin’s months of sideways action have been uncannily similar to the previous two BTC market cycles, which saw a pivot in November leading up to a halving event.

According to the marketing and commercial director of Ferrari, the company has started accepting cryptocurrency payments for its luxury sports cars in the United States and plans to expand the program to Europe based on demand from its high net worth clients. 

On Saturday, October 14th, the crypto market saw positive gains and a neutral sentiment with a fear & greed index of 40. Despite a volatile week due to geopolitical turmoil and macroeconomic factors, major cryptocurrencies such as Bitcoin, Ethereum, XRP, and Solana saw gains. The global crypto market cap also increased by 0.78% to $1.05 trillion, with Pepe Coin, Klaytn, XDC Network, and Stacks being among the top gainers. Additionally, the Klaytn Foundation announced a partnership with Meson Network to advance its Web3 ecosystem and harness blockchain technology for social good.