Crypto News Today (Live) Updates October 20 : Bitcoin Price,AWS Outrge,Cyber Attack,Reddit

Huge internet outage leaves Snapchat, Ring doorbell, HMRC and more not working:
Latest updates – When there’s a big outage of this kind, it’s always tempting to wonder whether it’s the result of a cyber attack. Security experts have long been warning that the infrastructure underpinning the internet – and as a result underpinning much of the world – could be more fragile than we realise, and that it might one day be broken down by hackers.

A huge number of sites and apps — including Reddit, Snapchat, Zoom, Roblox, Canva, Fortnite, Coinbase, Duolingo, Slack, and PlayStation Network — are down worldwide. Even banks are reporting issues, with users saying cards are being declined. Platforms like MyFitnessPal, Life360, and Pokémon Go are also affected. The widespread disruption is triggering chaos online as users flood social media to report outages across apps, games, and financial services.

Whales remain bearish, ramping up short positions across major assets. Wallet 0x8c58 deposited $5.38M USDC to Hyperliquid two hours ago to open a 20x short on 1,500 $ETH ($6.06M). Meanwhile, 0x939f added $4.5M USDC over the past 20 hours, extending his $BTC short to 394 BTC ($43.7M) — also shorting $SOL, $XRP, and $ETH. The moves signal rising caution among big players ahead of key market events.

The Royal Government of Bhutan has transferred 108.8 $BTC ($12.06M) out of its wallets, according to on-chain data. Despite the move, Bhutan still holds a significant 6,262 $BTC, valued at around $694M. The country’s steady Bitcoin reserves highlight its ongoing crypto investment strategy and growing role as a sovereign digital asset holder.

Early today, Reddit, Hulu, EA, Max, Xbox Network, and several other platforms went offline simultaneously, reports Downdetector. Coinbase also confirmed that some users faced access issues caused by an AWS (Amazon Web Services) outage. Teams across affected platforms are working to restore services, as the disruption highlights the widespread reliance on Amazon’s cloud infrastructure.

According to Tokenomist, over the next 7 days, major token unlocks worth $431M+ are set to hit the market. Large single unlocks (over $5M) include ZRO, XPL, MBG, SCR, SOON, UDS, KAITO, H, SAHARA, and VENOM. Meanwhile, linear unlocks (over $1M daily) will involve SOL, WLD, TRUMP, DOGE, AVAX, ASTER, TAO, ETHFI, TIA, SUI, DOT, and more. Analysts expect potential volatility spikes as new supply enters circulation.

The Crypto Fear & Greed Index sits at 30/100 (Fear), reflecting cautious sentiment and low short-term confidence among investors. Over the past week, it has stayed between 20–40, showing persistent fear across the market. Historically, such phases often mark buying opportunities for long-term holders. As always — when others are fearful, stay rational; when others are greedy, stay cautious.

Bitcoin’s Net Unrealized Profit (NUP) has been contracting since March 2024, signaling a cooling market where emotions are balanced — neither euphoric nor fearful. Each rally now brings smaller profits, creating a compressed spring effect that could trigger a powerful breakout soon. Analysts say the market is in a neutral equilibrium phase, quietly building momentum for the next major impulse — direction to be decided in the days ahead.

According to @EleanorTerrett, top crypto figures including Ripple’s CLO, Chainlink’s CEO, Coinbase’s Brian Armstrong, and Solana Policy Institute President will join a roundtable on October 22. The discussion with pro-crypto Democrats will focus on market structure legislation, signaling potential regulatory clarity for the crypto sector in the coming months.

Bitcoin is holding Higher Lows (HL) while its RSI posts Lower Lows (LL), signaling strong buyer support despite minor pullbacks. Analysts say this bullish divergence suggests the uptrend is likely to continue. If momentum holds, BTC could climb over 15%, potentially reaching its all-time high range of $124K–$126K+, reigniting optimism among traders ahead of key market events.

Early today, Reddit, Hulu, EA, Max, Xbox Network, and others experienced simultaneous outages, reports Downdetector. Coinbase support confirmed some users faced access issues due to an AWS outage. Teams across affected platforms are actively working to restore services, highlighting how reliant major apps and services remain on cloud infrastructure. Users are advised to stay patient as fixes roll out.

South Korea’s leading crypto exchange Upbit has announced the listing of BioProtocol (BIO) on KRW, BTC, and USDT markets. Trading starts at 6:00 PM KST, October 20, on the Ethereum network. BioProtocol powers decentralized biotech funding via Bio DAO and IP Token modules, advancing blockchain-driven biotech innovation.

According to DeFiLlama data, the dark pool HumidiFi has become the largest DEX on Solana, with a 24-hour trading volume of $1.1 billion, 7-day volume of $9.698 billion, and 30-day volume of $34 billion—all surpassing Meteora, Raydium, and Pump. HumidiFi operates without a frontend and uses private quoting, with trades typically executed via aggregators.

Wallets linked to @RichardHeartWin founder of HEX, PulseChain, and PulseX transferred 153,241 $ETH ($608M) to new addresses over just 5 hours. Earlier, he had purchased 162,937 $ETH ($619M) across 25 wallets in March 2024 at an average of $3,800. Additionally, over the past six months, 9,500 $ETH ($37.4M) was deposited into Tornado.Cash, raising fresh speculation about his next moves in the market.

Gold needs massive buying to keep prices stable. In 2024, ~3,660 tons mined and ~1,370 tons recycled means $680B of new gold must be absorbed by the market. Bitcoin, by contrast, sees ~164,000 new coins mined yearly, totaling $24B in new supply. With far lower supply pressure, analysts expect Bitcoin to outperform gold as a store of value, especially as demand continues to grow in a constrained market.

Bitcoin is moving impulsively higher, with momentum expected to accelerate as the Fed meeting to set interest rates approaches in just 9 days. The recent breakout above the previous wave a down level confirms this isn’t a correction but a new bullish impulse wave in motion. Analysts believe this move could drive BTC toward a fresh all-time high, signaling renewed market confidence ahead of key macro events.

Ethereum ETFs saw modest outflows last week, far smaller than the heavy withdrawals from Bitcoin ETFs. Analysts say this difference stems from newer inflows into ETH funds, meaning fewer unrealized gains. The sharp Bitcoin ETF outflows appear to be short-term profit-taking — partly tied to tax moves in GBTC — rather than a full risk-off exit from crypto. Fund-level data backs this, showing continued investor confidence in the broader market.

Bitcoin is battling a crucial resistance zone, and a breakout this week could spark a rally toward its all-time high. But a few things need to align first — the U.S. government shutdown must end, and gold needs to rebound, signaling a market shift from risk-off to risk-on sentiment. If these conditions click, analysts believe Bitcoin could regain strong momentum and reignite the next major bullish wave.

This week is packed with market-moving events! Around 10% of S&P 500 firms report earnings, while U.S. crude oil inventories arrive Wednesday. On Thursday, watch for September existing home sales, followed by a triple data drop Friday CPI inflation, Services PMI, and Consumer Sentiment. With just one week until the Fed meeting, traders are bracing for major volatility as these numbers could shape the Fed’s next move on rate cuts.

The U.S. will release CPI inflation data this Friday during the government shutdown. It’s the first Friday CPI release since 2018, landing just five days before the Fed’s October 29 meeting. With no other economic data expected until the shutdown ends, all eyes are on this report, and rumors suggest it could be a bullish CPI surprise that shakes up Fed rate-cut debates.