It’s a bit more complicated than comparing Treasury yields and staking rates.

Riot Platforms, a Bitcoin mining giant listed on Nasdaq, has been opposed by local grassroots organization "Texas Coalition Against Blockchain Mining" and non-profit organization Greenpeace in Texas. Riot Platforms had originally planned to establish a large-scale mining facility in the area, which is said to cover 265 acres and go live in the fourth quarter of this year. It is currently unclear whether this opposition will affect Riot Platforms' scheduled launch.

Bitcoin has maintained its value above $33,600 for two consecutive days, indicating a lack of urgency among buyers to sell. However, if the price continues to rise without significant drops, it could lead to FOMO and further buying, pushing the market into overbought territory. Bitcoin's dominance has increased to 54%, indicating positive sentiment towards the cryptocurrency market, and some altcoins may follow suit.

Bitcoin's bullish momentum has led to gains across all crypto sectors this week, with BTC gaining over 14% and consolidating at around $33,700. The CoinDesk Computing Sector (CPU) saw the strongest gains, driven by Chainlink (LINK) and Fetch.AI (FET) tokens. Even the previously lagging decentralized finance (DCF) and digitization (DTZ) sectors saw gains of over 7%. Notable best-performing cryptocurrencies include pepe (PEPE), LINK, and Injective Protocol's native token (INJ). The bullish week for crypto is particularly significant given the poor performance of U.S. equities, with the tech-heavy Nasdaq slumping while BTC and gold advance.

New research from Florida Atlantic University and the University of Mississippi suggests that blockchains with "full" blocks and transaction queues provide an extra layer of protection against fraudsters and money launderers. The study, titled "Bitcoin Blocksize, Custodial Security, and Price," examines the Mt.Gox crash and other instances of cryptocurrency theft from exchanges. The researchers found that cybercriminals prefer to launder stolen bitcoin quickly, and that full blocks act as a deterrent to hackers and scammers by signaling network congestion and a rise in network security that affects bitcoin price. The study also found that block fullness is 20% lower on average during incidents of cryptocurrency breaches or fraud.

Coinglass data shows that in the past hour, the entire network has liquidated $31.9 million, with $14.64 million in BTC liquidation and $3.64 million in ETH liquidation; long positions have been liquidated for $31.35 million, accounting for about 98.2%.

According to the market data from EuYi OKX, BTC briefly fell below 33,400 USDT before rebounding and currently trading at 33,636 USDT, a decrease of 0.63% in the past 24 hours.

Digital assets platform Matrixport predicts that Bitcoin's price is in the early stages of its fifth bull market, driven by institutional investor demand. The firm expects Bitcoin to reach $125,000 by December 2024, with a current rally expected to peak at $45,000 before a correction and a return to all-time highs. The report cites the ballooning US debt and high inflation as reasons for institutional investors to turn to Bitcoin, and notes that the cryptocurrency's characteristics make it an attractive diversification option. The upcoming Bitcoin halving in mid-April is expected to further increase demand for the cryptocurrency.

As the Bitcoin halving approaches next year, the cryptocurrency's market dominance has reached its highest level in two and a half years, currently standing at 54%. This is seen as a bullish indicator for Bitcoin, which has seen a nearly 30% gain in October alone, rising from $27,000 to $35,000. The halving event, which occurs every four years and cuts the mining reward per block in half, is expected to drive demand for Bitcoin upwards and bring about a bullish trend. With a fixed total supply of 21 million, the halving helps to counteract inflation and maintain scarcity.

live on October 27th, 87,000 BTC options are about to expire with a Put Call Ratio of 0.88 and a maximum pain point of $29,000, with a nominal value of $2.98 billion. 880,000 ETH options are about to expire with a Put Call Ratio of 0.47 and a maximum pain point of $1,650, with a nominal value of $1.57 billion. <br>