Could Bitcoin's security be at risk as a result of this update? Decoding details

Bitcoin BTC managed to surpass the $19,000 level towards the end of October. The king coin was constrained to this level for the longest time and made several attempts to move past it.

Timeline of Bitcoin

On 30 October 2022, James Mullarney, the host of the very popular YouTube channel “InvestAnswers”, explained why he expects the Bitcoin price to go above $63,000 by the next block reward halving.

A bullish start of the month! During the last week of October the global crypto market cap moved past $1 trillion and since then the bulls are trying its best to maintain the mark.

Since Bitcoin has been trading above the psychological price of $20K, Glassnode has released its weekly on-chain report titled “Hammering Out The Bottom,” scrutinizing the stakes and the risks that may lay on the road ahead.

Veteran trader Tone Vays is reversing his outlook on Bitcoin (BTC), no longer forecasting an imminent collapse as he had earlier this month. In a new strategy session, Vays tells his 123,000 Youtube subscribers that he is now leaning bullish after Bitcoin and the crypto market traded higher in recent days.

The Bitcoin price is trading in the green during the Asian session, near $20,534 after bouncing off the $20,265 support level. Similarly, Ethereum has increased by less than 0.50% to $1,594 and is on its way to the 78.6% Fibonacci retracement level.

Bitcoin's price fell from its peak of $69,700 to the current average of $19,500. Investors were undoubtedly affected by this 72% price decline, especially those who chose not to liquidate their holdings. As prices continue to move in a sideways trend, the excitement for an impending bull run has begun to fade.

Bitcoin and Ethereum were seen trading in the red on Monday evening, even as the global cryptocurrency market cap inched up 0.07% to $1 trillion at 9:15 p.m. EDT. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin (CRYPTO: BTC) -0.5% 5.9% $20,470.95 Ethereum (CRYPTO: ETH) -0.9% 16.9% $1,572.28 Dogecoin (CRYPTO: DOGE) 0.6% 111.3% $0.125 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price Chain (XCN) +26.6% $0.06 OKB (OKB) 6.7% $17.22 The Sandbox (SAND) +4.5% ​​$0.90

The current Bitcoin price is $20700 as a result of yesterday's significant price increase and the subsequent bullish momentum over the last few hours. Thus, we anticipate BTC/USD will continue to rise and aim for the next resistance level of $21,000.

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has wished Satoshi Nakamoto's Bitcoin whitepaper a happy birthday. “It has led to innovation and crypto asset investing. Let's make sure as crypto enters its 15th year that investors get proper protection,” said the SEC chairman.

London-based Bitcoin mining group Argo Blockchain's plan to raise $27 million from a strategic investor has failed to take place. The London Stock Exchange today published a press release notifying that Argo no longer believes that this subscription would be consummated under the previously announced terms.