No more donuts were necessary for the final #bear #BTC | koinmilyoner على Binance Square

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No more donuts were necessary for the final #bear #BTC 

إخلاء المسؤولية: تتضمن آراء أطراف خارجية. ليست نصيحةً مالية. يُمكن أن تحتوي على مُحتوى مُمول. اطلع على الشروط والأحكام.

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@koinmilyoner

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XRP falls Tuesday, Ripple gets Dubai license, expected to increase UAE usage Ripple gets a financial services license from Dubai Financial Services Authority. Ripple prepares to offer UAE companies its financial infrastructure and payment services. XRP falls 2% to $0.6219 on Tuesday. Dubai's Financial Services Authority approves Ripple (XRP) in concept. The payment remittance provider received a financial services license, which may boost Ripple usage in the Gulf country that contains Dubai. The current price of XRP is $0.6014. XRP fell to $0.6014 early on Tuesday after breaking crucial support around $0.6200 due to recent comments from Ripple, a cross-border payment provider. Ripple is gaining UAE acceptance of its payment infrastructure. Ripple received a financial services license from Dubai's Financial Services Authority after the SEC lawsuit's final verdict. XRP holders must monitor the index. If “extreme greed” occurs, the asset may reverse trend. Ripple's growth supports its objective to provide companies affordable cross-border payment solutions via the XRP Ledger and Ripple payment ecosystem. Ripple CEO Brad Garlinghouse criticized the SEC's crypto legislation. He remarked, “The UAE is positioning itself as a global leader in this new era of financial technology.” The Ripple CEO praised the UAE's regulatory approach in the news statement announcing the license's in-principle acceptance Technical analysis: XRP drops to $0.6047, losing roughly 2%. XRP ended a multi-month downtrend on Friday, September 27. Altcoins risk returning to $0.5533, the 50-day EMA. This would lower XRP by 7.9%. Before recovering to the 50% Fibonacci level of the slide from the July 2023 high of $0.9380 to the July 2024 bottom of $0.3823, XRP might sweep liquidity at $0.5533. The Moving Average Convergence Divergence (MACD) green histogram bars indicate favorable XRP price momentum. The shorter green histogram bar on Tuesday suggests momentum is weakening. BTCPredictedNewATH #XRP #BTCReboundsAfterFOMC $XRP

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October Bitcoin to 70k? September is generally gloomy, yet bitcoin surged 7%. Oct is generally bullish, gaining 22%. Macro factors boost Bitcoin increases. Bitcoin tries 200 SMAs. Bitcoin remains stable around 64k at the start of October, a typically bullish month. Bitcoin had one of its finest Septembers ever, bucking past tendencies of negative returns. In September, Bitcoin reached a two-month high of 66.5k and climbed 7%, with just two previous gains since 2013. September is one of Bitcoin's worst months, falling 6.5% on average. Although October has only seen two negative returns since 2013, historical statistics favors Bitcoin. Since 2013, Bitcoin has gained 22% each month, peaking at 60% in 2013. Why would Bitcoin rise in October? A positive trend in macro markets and US politics might bring Bitcoin above $70,000. In September, the Fed reduced rates by 50 basis points to begin its cycle. In November, Fed head Jerome Powell tempered market expectations of another 50-point drop, although the Fed is anticipated to lower rates slowly. Powell predicted two 25-basis-point cuts before year's end. A loser US monetary policy and a massive stimulus program launched in China this week, including interest rate cuts and lending encourage riskier assets like Bitcoin and equities. Last week, US stocks reached record highs, indicating a risk-on market. The high connection between the S&P500 and Bitcoin bodes well for cryptocurrency profits. Kamala Harris, who has a razor-thin lead in the polls, supported the rising crypto economy in the US, making the political arena less dangerous. Bitcoin technical analysis Bitcoin's technicals are also improving. Since March, Bitcoin has been falling, but it has rebounded by rebounding over the 50, 100, and 200 SMAs. An asset climb over the 200 SMA generally indicates a longer-term uptrend. Prices are challenging 200 SMA support today. Buyers defending this level might send the price over 66.5k and create a higher high around 70k. BTCPredictedNewATH #BTCReboundsAfterFOMC $BTC

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Eigen Foundation unlocks EIGEN token Eigen Foundation will release EIGEN tokens. More utilities will have access to the native token to encourage open innovation and the ecosystem. Eigen Foundation aims to enable developers, partners, and stakeholders to better use EIGEN and its services. After unlocking the token, everyone will have a role. Developers will be able to design staking-based Actively Validated Services (AVSs). Stakeholders may better safeguard the network by diversifying use cases. Ecosystem partners may improve their protocols by adding Eigen's security framework. The token unlocking ideas underlying much of it. The announcement exceeds community expectations and significant highlights, making it deeper. The latter comprises transferability, open innovation, and cooperation. Open Innovation, most often used in the blockchain ecosystem, means actively determining the future of an ecosystem, like Eigen Foundation. A fundamental technique is to establish scalable services. This announcement suggests decentralized EigenLayer services. Services based on Foundation layers will power Actively Validated Services (AVSs). It expands ecosystem applications using staked asset security. Transferability lets EIGEN token holders relocate them easily. It allows holders to transfer, sell, and stake the token, increasing flexibility. Thus increasing their Foundation engagement. Collaboration unites builders, developers, and early adopters. They may help execute and validate tasks. EIGEN rose after the Eigen Foundation statement. The token has risen 17.60% in 24 hours to $4.37 at the time of writing. The Eigen Foundation plans to stake EIGEN and use it for security and governance. The Foundation will continue to urge members to discuss EigenLayer's future. Developers and builders will be encouraged to innovate to increase decentralization. EIGEN is expected to rise in the near future. Values might grow 30.25% in 5 days and 200% in 30 days. #EIGENonBinance #BTCReboundsAfterFOMC #BinanceLaunchpoolHMSTR $EIGEN

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Support from symmetrical triangle breakout might boost Cardano Cardano is retesting $0.364, which might sustain upward momentum. ADA's long-to-short ratio is over 1, indicating bullishness. A daily candlestick closing below $0.342 would disprove bullishness. Cardano (ADA) rises on Tuesday after falling over 6% the day before. Cardano's price might rise if ADA maintains a critical support level. As traders bet on Cardano's price rising, on-chain evidence confirms the bullish premise. Cardono might rally if major support level holds. On September 24, Cardano price rose more than 10% after breaking above a symmetrical triangle, a technical pattern produced by linking many highs and lows with two converging trendlines (from July to mid-September). Since Saturday, ADA's price has retraced and is nearing $0.364, the breakout level of the symmetrical triangle and the 50-day Exponential Moving Average (EMA), a major reversal mark. Tuesday's price is $0.380, slightly higher. If $0.364 holds, ADA might rise 22% to $0.444, its daily barrier. The daily chart's Relative Strength Index (RSI) has decreased but is now up at 56, suggesting a slowing in bullish momentum. Cardano must rebound when the RSI rises over 60 to maintain positive momentum. If bulls are aggressive, the crypto market outlook is bullish, and Cardano closes above $0.444, ADA could rally 32% to reach the technical target of the symmetrical triangle at $0.590. In/Out of the Money Around Price (IOMAP) from IntoTheBlock encourages bullishness. Nearly 133,350 addresses held 1.25 billion ADA tokens at $0.376 each. These addresses acquired Cardano coins at $0.370–0.382, a critical support zone. Technical analysis suggests that the $0.364 level is a major reversal level since it matches IOMAP results. Coinglass's Cardano long-to-short ratio suggests a bullish turn. Ratio 1.10 is the highest in over a month. The ratio over one indicates market bullishness since more traders expect the asset's price to increase. #cardano #ADA #BTCReboundsAfterFOMC $ADA

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