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💰 Quick update on Bitcoin. 💰 Bitcoin broke the trend and the ascending channel since yesterday and reached the support and is currently trading there ⚠️ It is expected to break at any moment due to weak liquidity today ❌ In all cases, if it is broken, the next target will be the green zone 59190-59940 ✅ Positivity by returning within the ascending price channel.

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BlackRock Bitcoin ETF Continues to Buy Dip. The sudden drop in Bitcoin's price may have scared several Bitcoin ETF investors, but BlackRock's iShares Bitcoin Trust (IBIT) held the floor. A Farside Investors report shows that only the asset manager purchased $40. 8 million worth of BTC among all of its nine counterparts on Oct. 1. BTC price dips in traditional bullish month. Noteworthy, October is largely recognized as a traditionally bullish month, earning it the name "Uptober." This year is different from others, as the crypto industry was hit by liquidation as October began. In the last 24 hours, more than $500 million have been liquidated from several traders. Unfortunately, the flagship crypto asset is leading the liquidation, with about $141 million already removed. This activity has triggered a price plunge for the cryptocurrency, further threatening investors' confidence. According to CoinMarketCap data, Bitcoin is currently trading at $61,091.47, with a 4.19% drop in the last 24 hours. On Monday, BTC still traded at around $65,000. The drop in the coin's market value may have forced investors from other asset management firms to sell their holdings. While BlackRock registered inflows, WisdomTree's BTCW, CoinShare Valkyrie's BRR, Franklin Templeton's EZBC and Invesco's BTCO did not conduct any transactions. On the other hand, VanEck's HODL, Ark's ARKB, Bitwise's BITB and Fidelity's FBTC all sold $15.8 million, $84.3 million, $32.7 million and $144.7 million worth of BTC, respectively. BlackRock in constant BTC acquisition mode. This outlook reflects BlackRock's confidence in the future potential of the underlying cryptocurrency. A few days ago, Arkham Intelligence reported that the asset manager purchased more Bitcoin than any ETF issuer has sold in the past few weeks. So far, the hedge fund's total cryptocurrency holdings have grown to more than 362,193 BTC. Based on the coin's current price, the holding is equivalent to approximately $22 billion.

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Balances Changed in Bitcoin! Analysts Said the Decline May Continue in BTC, Announced Their Expectations! Global stocks and risk assets such as Bitcoin (BTC) took a hit on Tuesday after Iran fired missiles at key Israeli locations and Israel threatened to retaliate in the coming days. While the tension between Iran and Israel in the Middle East caused Bitcoin to decline to $60,300, Singapore-based cryptocurrency platform QCP Capital announced its latest predictions. Stating that BTC and altcoins took a much harder hit compared to stocks, QCP said that despite this sharp decline, BTC found support at the 60,000 level. However, analysts have stated that if tensions in the Middle East continue and rise further, Bitcoin could fall to as low as $55,000. Stating that the focus of Bitcoin and altcoins in the coming period will be the tension in the Middle East, QCP said that this tension should not overshadow the big picture, that is, the rise. Analysts stated that Bitcoin and cryptocurrencies will continue to be supported with the support from China and the FED, and said: "The infusion of liquidity and possible fiscal support from the People's Bank of China (PBOC) will likely support asset prices in China, and bullish sentiment is likely to spill over into risk assets, including cryptocurrencies. Global asset prices, including Bitcoin and cryptocurrencies, are expected to remain supported heading into 2025 as the world's largest (FED) and third largest (PBOC) central banks begin discount cycles in earnest."

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What Will Be the Price If XRP ETF Is Approved in the US? Here Are Comparative Predictions! While Bitcoin and altcoins have been falling sharply amid tensions between Iran and Israel, the XRP market has been revived by Bitwise Asset Management's Delaware filing. While this move by Bitwise is seen as the first step for the XRP ETF, if approved, this will be the first XRP ETF for the US market. While investors are excited about a possible XRP ETF, they are also trying to predict how such approval could affect the XRP price in the future. At this point, experts state that the XRP price will be greatly affected after the approval of the XRP ETF, especially if it attracts inflows similar to Bitcoin's inflow of over $40 billion. Sistine Research X shared on her account that if an XRP ETF is approved, the situation will not be the same as BTC and ETH. It was stated that there will be no Graysacale breakouts and downward pressure resulting from these breakouts in XRP. At this point, it is evaluated that XRP ETFs may become more attractive to investors, and it is estimated that XRP's price may experience a more sustainable increase due to the lack of Grayscale exit pressure. Experts predicted that if an XRP ETF is approved, the price of XRP could explode, with a similar inflow exceeding $40 billion potentially driving the price of XRP up by 150%, given the current market cap of $34 billion. At this point, experts add that the increase in the XRP price could reach up to 300%, while in these scenarios, the XRP price could reach up to $ 1.5 and $ 2.45, respectively. These prices are just estimates and there is no certainty. Even if the XRP ETF is approved, the XRP price may experience a larger increase or a large decrease in the market conditions at that time. At this point, do not make your investment decisions based on a single estimate, data or signal. These estimates have a margin of error and cannot be said to be 100% accurate.

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Discover how a top trader predicts a 44,000% rally for Shiba Inu price if key conditions are met, including an increased token burn rate. Shiba Inu price has suffered with the rest of the market, losing as much as 10.5% and trading around $0.00001652. The meme coin is still popular in the crypto community for its potential for massive gains. A top trader has predicted that SHIB price has the potential to go on a 44,000% rally, but only if certain conditions are met. Shiba Inu Price If It Skyrockets 44,000%. A former member of the IBM blockchain team and crypto analyst has predicted that Shiba Inu may be about to go on a 44,000% bull run. The trader pointed out that the first SHIB price run was also a 44,000% upswing when launched. This historical performance sets a precedent for what could happen if the price of SHIB breaks out of its current prolonged consolidation zone. According to the trader, meme coins could lead the crypto market into the last phase of this bull cycle. A 44,000% increase from the current price means SHIB would increase to $0.00726. Meme Coins Could Lead the Next Cycle. Meme coins have a unique appeal due to their strong community support and viral nature. For instance, Degen (Base) (DEGEN) secured a potential listing on Coinbase together with their io.net (IO). However, the response from the price of these two crypto projects is telling. While DEGEN skyrocketed over 100% in less than 24 hours, IO price dropped 14.9%. The difference is community. The combination of technical patterns and community enthusiasm makes Shiba Inu a coin to watch closely. Can SHIB Price Reach $0.00726? Shiba Inu has a current market cap of 9.7 billion. A 44,000% increase in price means the market cap would swell by 440 times. This would bring it to a $4.268 trillion valuation. SHIB's market cap is only 0.42% of the entire crypto market. For it to swell to over $4 trillion, the total crypto industry value would have to grow to a mammoth $1 quadrillion. Bitcoin's market cap would be $542 trillion, and its price would have soared to roughly $27 million.

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