{"id":17731,"date":"2024-10-13T19:45:06","date_gmt":"2024-10-13T16:45:06","guid":{"rendered":"https:\/\/forklog.com\/en\/weekly-review-bitcoins-volatility-and-hbos-satoshi-claim\/"},"modified":"2024-10-13T19:45:06","modified_gmt":"2024-10-13T16:45:06","slug":"weekly-review-bitcoins-volatility-and-hbos-satoshi-claim","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/weekly-review-bitcoins-volatility-and-hbos-satoshi-claim\/","title":{"rendered":"Weekly Review: Bitcoin’s Volatility and HBO’s Satoshi Claim"},"content":{"rendered":"

Inflation in the US exceeded expectations, HBO’s alleged Bitcoin creator Peter Todd denied the claim, Crypto.com filed a lawsuit against the SEC in response to a Wells notice, and other events of the past week.<\/p>\n

Bitcoin Price Tests $63,000 Level<\/strong><\/h2>\n

The leading cryptocurrency began the week with a rise to $64,000, followed by a correction, and on Thursday, October 10, it fell below the psychological threshold of $60,000. It then recovered to test the $63,000 mark.<\/p>\n

At the time of writing, Bitcoin is trading at $62,450.<\/p>\n

\"Snimok-ekrana-2024-10-13-v-19.27.03\"
Hourly BTC\/USDT chart from Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

Most digital assets in the top 10 by market capitalization ended the week in the “red zone.” TRON stood out with a 5.1% increase.<\/p>\n

\"Snimok-ekrana-2024-10-13-v-19.27.56\"
Data: CoinGecko<\/a>.<\/figcaption><\/figure>\n

The total cryptocurrency market capitalization is $2.28 trillion. Bitcoin’s dominance index is 58%.<\/p>\n

US Inflation Exceeds Expectations<\/strong><\/h2>\n

In September, annual inflation in the US reached 2.4%, compared to 2.5% the previous month. The figure exceeded market expectations of 2.3%.<\/p>\n

On a monthly basis, the consumer price index rose by 0.2%, the same as in August. The consensus forecast predicted an increase of 0.1%.<\/p>\n

The index excluding food and energy prices rose by 0.3% from the previous month and by 3.3% compared to September last year. The previous report showed values of 0.3% and 3.2%, respectively.<\/p>\n

Analysts expected annual rates to remain at 3.2% and monthly rates to slow to 0.2%.<\/p>\n

The negative impact of disappointing inflation data is offset by a jump in unemployment benefit claims from 225,000 to 258,000, with a forecast of 231,000. The discrepancy can be attributed to the impact of hurricanes and strikes.<\/p>\n

Prices for services excluding housing and energy rose by 0.4% after increasing by 0.33% in August, 0.21% in July, and decreasing by 0.05% and 0.04% in May-June. The Fed<\/span> noted the importance of this metric in analyzing the inflation trajectory.<\/p>\n

Another important indicator for monetary authorities, rental prices, increased by 0.2% after a peak of 0.49% in August and 0.36% in July.<\/p>\n

HBO’s Alleged Bitcoin Creator Peter Todd Denies Claim<\/strong><\/h2>\n

In the HBO documentary Money Electric: The Bitcoin Mystery, Peter Todd was named as the creator of Bitcoin. The programmer denied this claim.<\/p>\n

\n“I am not Satoshi,” he wrote succinctly.<\/cite><\/p><\/blockquote>\n

The film was directed by Cullen Hoback, whose previous work, Q: Into the Storm, focused on debunking the popular US conspiracy theory QAnon.<\/p>\n

The basis for the authors’ assumptions was a post by Todd on the BitcoinTalk forum, allegedly accidentally published using his own profile.<\/p>\n

Topics to Discuss with Friends<\/strong><\/h2>\n