Bitcoin Price Analysis: Satoshi Identity Mystery Deepens as Len Sassaman Claims Falter — How Will BTC React?
Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...
Bitcoin price is trading around the $63,000 mark after breaking below its upward channel, indicating a potential shift in market sentiment.
The recent surge in the U.S. Non-Farm Payrolls for September, which far exceeded expectations, highlighted the resilience of the U.S. labor market and provided strength to the US dollar. This, in turn, has exerted downward pressure on Bitcoin prices.
Additionally, renewed debates about Satoshi Nakamoto’s identity, with Len Sassaman’s probability decreasing on Polymarket and skepticism voiced by his wife, have fueled uncertainty in the crypto community, raising concerns over investor confidence.
As the debate continues, Bitcoin’s price may remain volatile amid the speculation.
Notably, Len Sassaman’s probability of being Satoshi Nakamoto on Polymarket has recently dropped to 30%, down sharply from a previous high of 55%.
This decline has prompted questions about what drives this shift and its potential impact on the cryptocurrency market.
$BITLEN
HBO will be releasing a documentary surrounding the creator behind bitcoin, Satoshi Nakamoto in two days.
Rumour has it Len Sassaman is the true identity behind the figure and it is believed, throughout the documentary Len will be referred to as ‘BitLen’.
Early gem
