BTC falls below the $120000 mark

Bitget HYPE/USDT's perpetual trading volume surged 62 times within 10 minutes, with a turnover of 61.51 million US dollars in the past 24 hours, a decrease of 5.10% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally

[Roger Ver Pays $48 Million to Settle with U.S. Department of Justice] On October 10, according to The New York Times, 'Bitcoin Jesus' Roger Ver has reached a settlement agreement with the U.S. Department of Justice. Fraud and tax evasion charges against him will be dropped on the condition of paying a $48 million fine.

High-volume selling drove the DeFi bluechip token below critical technical thresholds.

[Massachusetts Bitcoin Reserve Bill Hearing Receives Tepid Response, Outlook Uncertain] Massachusetts Senator Peter Durant presented his proposed 'Bitcoin Strategic Reserve Bill' during a legislative hearing on Tuesday, but the session saw no questions from attendees and garnered a lukewarm response. The bill suggests that the state treasury could invest up to 10% of its stabilization fund in crypto assets and incorporate Bitcoin or other digital assets seized by the state government into reserves. However, with both the State House and Senate dominated by a Democratic majority, along with the governorship held by a Democrat, the bill's chances of passing remain unclear. Notably, similar crypto reserve legislation has already been enacted in Texas, Arizona, and New Hampshire.

[Gold Falls Below $4,000, Analysts Say $3,850 May Be Key Support] Gold prices fell below $4,000 per ounce on Thursday, retreating to below $3,950, as a stronger dollar and profit-taking by investors followed the ceasefire agreement between Israel and Hamas. Analyst Tai Wong stated that although the ceasefire agreement has eased tensions in the Middle East, confidence in the gold market has not significantly weakened. He noted that the previous rally in gold prices was too rapid, and $3,850 might become the real support level.