{"id":450153,"date":"2023-10-21T21:29:48","date_gmt":"2023-10-21T21:29:48","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=450153"},"modified":"2023-10-21T21:29:48","modified_gmt":"2023-10-21T21:29:48","slug":"bitcoin-price-shatters-30000-barrier-forward-thinking-investors-are-tuning-into-bitcoin-minetrixs-presale","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-shatters-30000-barrier-forward-thinking-investors-are-tuning-into-bitcoin-minetrixs-presale","title":{"rendered":"Bitcoin Price Shatters $30,000 Barrier, Forward-Thinking Investors are Tuning into Bitcoin Minetrix\u2019s Presale"},"content":{"rendered":"

Bitcoin’s (BTC<\/a>) price is trading with a bullish bias on the daily timeframe. It shows very actionable movement over the past week. The price action is defined by noticeable higher highs with the potential for more gains based on the technical outlook.<\/p>\n

Meanwhile, head of research at CryptoQuant, Julio Moreno, says<\/a> launching a spot Bitcoin exchange-traded fund (ETF) could increase the market capitalization by $1 trillion.<\/p>\n

Bitcoin Market Capitalization Could Benefit From Spot BTC ETF Launch<\/h2>\n

According to Moreno, “the next wave of institutional adoption for Bitcoin will come from the launch of spot BTC ETFs.” He is aware that the approvals may not come this year. With this, Moreno holds that the probability of approval continues to increase over time. There are two possible drivers, according to the researcher. First, the court victories of Grayscale (GBTC<\/a>) and Ripple (XRP<\/a>) in their respective court cases.<\/p>\n

With the above, Moreno anticipates approximately $150 billion in fresh capital inflow into the Bitcoin market once the SEC nods. His assumption is based on the historical relationship between the total market capitalization and the realized capitalization of BTC. Specifically, a $150 billion fresh capital inflow into the BTC market could increase the market capitalization of the flagship crypto by $450 to $900 billion.<\/p>\n

BTC Developers Discover Massive Security Risk In Bitcoin Lightning Network<\/h2>\n

Based on recent revelations, Bitcoin developers discovered a massive risk in the BTC Lightning Network. Per the claims, there are intentional backdoors in the code that bad actors could exploit. These could see them get full control of the network. On grounds of the discovery, the developer exited the project, reportedly.<\/p>\n

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BREAKING:<\/p>\n

Top BTC developers recently discovered a massive security risk in the Bitcoin Lightning Network.<\/p>\n

He claims there are intentional backdoors in the code that allow attackers to get full control of the network. <\/p>\n

This triggered him to announce his departure from the…<\/p>\n

— WhaleFUD (@WhaleFUD) October 21, 2023<\/a><\/p><\/blockquote>\n