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<![CDATA[<figure class="image"><img src="https://cimg.co/news/126181/333185/10.jpg" alt="" srcset="https://cimg.co/news/126181/333185/responsive-images/10___media_library_original_1280_720.jpg 1280w, https://cimg.co/news/126181/333185/responsive-images/10___media_library_original_1200_675.jpg 1200w, https://cimg.co/news/126181/333185/responsive-images/10___media_library_original_900_506.jpg 900w, https://cimg.co/news/126181/333185/responsive-images/10___media_library_original_720_405.jpg 720w, https://cimg.co/news/126181/333185/responsive-images/10___media_library_original_600_338.jpg 600w, https://cimg.co/news/126181/333185/responsive-images/10___media_library_original_300_169.jpg 300w" sizes="100vw" width="1280" class="content-img"></figure>The cryptocurrency world is abuzz with significant developments today. <a href="https://www.tradingview.com/symbols/BTCUSD/">Bitcoin</a> is currently trading at $27,653, experiencing a 1% decrease on Tuesday. In a noteworthy political move, Robert F. Kennedy Jr., a staunch advocate for cryptocurrencies, has decided to run for president as an independent, parting ways with the Democrats.&nbsp;The ongoing conflict in Israel has also prompted several crypto firms, including Fireblocks and MarketAcross, to initiate an aid fund, showcasing the industry's commitment to humanitarian causes.&nbsp;Furthermore, a groundbreaking development has emerged as a BTC enthusiast has introduced the BitVM paper, unveiling Ethereum-style smart contracts within the Bitcoin ecosystem.&nbsp;These events collectively underscore the dynamic and ever-evolving nature of the cryptocurrency landscape.<h2 id="strong-rfk-jr-leaves-democrats-to-run-as-independent-due-to-pro-crypto-stance-strong">RFK Jr. Leaves Democrats to Run as Independent Due to Pro-crypto Stance</h2>Robert F. Kennedy Jr., who had previously declared his candidacy for the Democratic primary race, has decided to <a href="https://www.bbc.com/news/av/world-us-canada-67061330">withdrawn</a> from the race and run as an independent candidate for the US presidency.Kennedy is a well-known advocate of cryptocurrency and has expressed his desire to make the United States a global hub for digital currencies, including Bitcoin.&nbsp;He has proposed backing the US dollar with hard assets such as gold, silver, platinum, and Bitcoin.<figure class="media"><oembed url="https://twitter.com/RobertKennedyJr/status/1711181357794074755"></oembed></figure>Kennedy has been a vocal critic of the Federal Reserve's FedNow instant payment system, which he has equated with central bank digital currencies (CBDCs).&nbsp;He has also expressed concerns regarding potential restrictions on Bitcoin. <a href="https://www.reuters.com/world/us/robert-f-kennedy-jr-expected-announce-independent-run-president-2023-10-09/">Polls conducted by the super PAC</a>, American Values 2024, which supports him, suggest that <a href="https://www.cnn.com/2023/10/09/politics/kennedy-independent-campaign/index.html">Kennedy could receive 19% support</a> among voters if he ran as an independent candidate.&nbsp;<figure class="media"><oembed url="https://twitter.com/LeaningLeftShow/status/1711458051839189116"></oembed></figure>However, this level of support falls behind that of Biden and Trump. Kennedy's pro-crypto stance could influence market sentiment.<h2 id="strong-crypto-firms-launch-aid-fund-for-israel-war-victims-strong">Crypto Firms Launch Aid Fund for Israel War Victims</h2>A fundraising initiative called Crypto Aid Israel has been established by cryptocurrency companies, Fireblocks and MarketAcross, with the aim of providing humanitarian aid to Israelis affected by the <a href="https://www.bloomberg.com/news/articles/2023-10-09/israel-latest-over-1-100-dead-oil-soars-on-fears-of-proxy-war">ongoing conflict with Hamas</a>.&nbsp;The organization has created a multi-signature wallet that accepts donations in various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and stablecoins like USDT and USDC.To facilitate the flow of crypto donations, <a href="https://cryptonews.com/tags/israel/">Israeli</a> banks and regulators are collaborating for the first time, potentially creating a bridge between crypto assets and traditional banking systems. Fireblocks, a crypto-security firm, will manage these digital assets.<figure class="media"><oembed url="https://twitter.com/decryptmedia/status/1711455904653054340"></oembed></figure>While Bitcoin is currently experiencing a decline in its price, this news may highlight the growing acceptance and utility of cryptocurrencies in times of crisis, potentially influencing positive sentiment within the crypto market.<h2 id="strong-bitcoiner-introduces-ethereum-style-contracts-to-bitcoin-in-bitvm-paper-drop-strong">Bitcoiner Introduces Ethereum-Style Contracts to Bitcoin in BitVM Paper Drop</h2>Robin Linus, a Bitcoin developer, has introduced the concept of BitVM through a white paper titled "BitVM: Compute Anything on Bitcoin."&nbsp;The aim of BitVM is to enable more expressive off-chain smart contracts on the Bitcoin network without requiring a soft fork. BitVM employs an architecture that takes inspiration from Ethereum's optimistic rollups, fraud proofs, and recent advancements in Merkle tree.This allows Turing-complete Bitcoin contracts to be executed off-chain while verifying them on the Bitcoin network.Potential applications of BitVM can vary from games to verification of validity proofs in Bitcoin contracts, and even bridging BTC to other chains.&nbsp;<figure class="media"><oembed url="https://twitter.com/stephanlivera/status/1711454943146598580"></oembed></figure>Although the Bitcoin community has shown interest and cautious excitement, it remains an opt-in feature, offering flexibility and security sandboxing for users. This news may boost Bitcoin's support as innovations like BitVM increase its utility and appeal, potentially impacting market sentiment and outlook positively.<h2 id="strong-bitcoin-price-prediction-strong">Bitcoin Price Prediction</h2>In today's <a href="https://cryptonews.com/news/bitcoin-price-prediction-as-btc-fails-break-27000-threshold-stuck-rut.htm">Bitcoin (BTC/USD)</a> technical analysis for October 10th, we observe that Bitcoin is currently trading at $27,653, experiencing a 1% decline on Tuesday.&nbsp;Bitcoin maintains its position as the leading cryptocurrency, boasting a market capitalization of over $520 billion, with approximately 18.8 million Bitcoins in circulation. Examining the 4-hour chart, we identify several key price levels.&nbsp;The pivot point is set at $27,760, providing a reference point for potential price movements. Immediate resistance levels include $28,000, followed by $28,300 and $28,600, while immediate support levels are observed at $27,280, with subsequent support at $26,750 and $26,420.<figure class="image"><img src="https://cimg.co/news/126181/333192/btc.jpg" srcset="https://cimg.co/news/126181/333192/responsive-images/btc___media_library_original_1732_954.jpg 1732w, https://cimg.co/news/126181/333192/responsive-images/btc___media_library_original_1200_661.jpg 1200w, https://cimg.co/news/126181/333192/responsive-images/btc___media_library_original_900_496.jpg 900w, https://cimg.co/news/126181/333192/responsive-images/btc___media_library_original_720_397.jpg 720w, https://cimg.co/news/126181/333192/responsive-images/btc___media_library_original_600_330.jpg 600w, https://cimg.co/news/126181/333192/responsive-images/btc___media_library_original_300_165.jpg 300w" width="1732" class="content-img" alt=""><figcaption>Bitcoin Price Chart - Source: Tradingview</figcaption></figure>Currently, the Relative Strength Index (RSI) registers at 45, indicating a relatively neutral market sentiment, implying that Bitcoin is neither significantly overbought nor oversold.&nbsp;In conclusion, the overall trend for Bitcoin is considered bearish below the pivotal level of $27,760 and vice versa. Traders are advised to keep a close eye on this key level for potential trading opportunities in the upcoming days.<h2 id="strong-top-15-cryptocurrencies-to-watch-in-2023-strong">Top 15 Cryptocurrencies to Watch in 2023</h2>Stay up-to-date with the world of digital assets by exploring our handpicked collection of the best 15 alternative cryptocurrencies and ICO projects to keep an eye on in 2023.&nbsp;Our list has been curated by professionals from Industry Talk and Cryptonews, ensuring expert advice and critical insights for your cryptocurrency investments.&nbsp;Take advantage of this opportunity to discover the potential of these digital assets and keep yourself informed.<div class="raw-html-embed"><div style="background: #920047;margin-bottom: 20px;width: 50%;text-align: center;padding: 8px;border-radius: 5px;background-image: linear-gradient(107deg,#930046,#59008a);color: white;padding-left: 1em;padding-right: 1em; font-size: 16px;"><a style="text-decoration:none;color:white" href="https://cryptonews.com/news/new-cryptocurrency.htm" target="_blank" rel="nofollow noindex">See the 15 Cryptocurrencies</a></div></div><h2 id="strong-find-the-best-price-to-buy-sell-cryptocurrency-strong">Find The Best Price to Buy/Sell Cryptocurrency</h2><figure class="image"><img src="https://cimg.co/news/126181/333184/screenshot-1.jpg" alt="" srcset="https://cimg.co/news/126181/333184/responsive-images/screenshot-1___media_library_original_1164_449.jpg 1164w, https://cimg.co/news/126181/333184/responsive-images/screenshot-1___media_library_original_900_347.jpg 900w, https://cimg.co/news/126181/333184/responsive-images/screenshot-1___media_library_original_720_278.jpg 720w, https://cimg.co/news/126181/333184/responsive-images/screenshot-1___media_library_original_600_231.jpg 600w, https://cimg.co/news/126181/333184/responsive-images/screenshot-1___media_library_original_300_116.jpg 300w" sizes="100vw" width="1164" class="content-img"><figcaption>Cryptocurrency Price Tracker - Source: Cryptonews.com</figcaption></figure>Disclaimer: Cryptocurrency projects endorsed in this article are not the financial advice of the publishing author or publication - cryptocurrencies are highly volatile investments with considerable risk, always do your own research.
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Bitcoin Price Prediction: RFK Jr. Goes Independent, Israel War Spurs Crypto Aid, BitVM Unveiled

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