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Binance Reacts to Bloomberg’s Apology for False Claims
#BNB  #Binance  #CZ  #Bitcoin  #EthereumETF  $BNB  $BTC  $ETH 

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Will Cardano Price Hit ATH? Analyst Says “Not the Time to Sell” ADA Cardano price faces renewed selling pressure as Bitcoin retreats, but analysts suggest it may not be the time to sell. This week, the crypto market witnessed renewed selling pressure as Bitcoin price reverted from the $70,000 psychological level. The altcoin market quickly followed the same momentum and sparked a fresh correction for major digital assets, including Cardano price. However, crypto analysts believe this may “not be the time to sell ADA,” During Friday’s Asian market session, the ADA price fell 0.8% to $0.34, while its market cap plummeted to $12 Billion. The Cardano buyers’ retesting support from a bullish pattern signals the potential for price reversal amid bullish on-chain indicators. Cardano Price Set for ATH? Analyst Says “Not the Time to Sell” ADA In a recent tweet, crypto analyst Deezy.eth. highlighted a recurring pattern in Cardano price that led to a major recovery trend in the following months. The attached image shows a 3-day Heiken Ashi candle with the Relative Strength Index (RSI) momentum indicator. The analyst discovered that the ADA price, often at the bottom of a downtrend, witnessed a higher formation in the RSI slope. Generally, this bullish divergence signals the buyers reentering the market at a discounted rate, which could drive a renewed recovery trend. Historical data from December 2018 and March 2028 shows a major reversal following RSI divergence, with one leading to the current ATH of $3.1. Moreover, Cardano is making waves with its integration into the Bitcoin ecosystem via BitcoinOS (BOS), unlocking over $1.3 trillion in Bitcoin liquidity for its DeFi landscape. This collaboration leverages BOS’s Grail bridge, enabling secure, trustless BTC transfers using zero-knowledge (ZK) cryptography. #ADA #Cardano #BinanceBlockchainWeek #USJoblessClaimsDip #CryptoPreUSElection $ADA $BTC $SOL

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Institutional Inflows Power Bitcoin Surge Ahead Of US Elections In a staggering display of institutional confidence, Bitcoin’s spot ETF market witnessed a net inflow of $294 million on Monday, marking the seventh consecutive day of robust inflows. This surge in institutional interest is propelling Bitcoin's price back to an upward trajectory, with BlackRock's IBIT ETF leading the charge, recording an impressive $329 million in inflows, as reported by Benzinga. While other major players showed mixed results—Fidelity's FBTC ETF saw a modest inflow of $5.9 million, and VanEck's HODL ETF experienced an outflow of $7.6 million—the overall trend remains decidedly bullish. The demand for spot Bitcoin ETFs, particularly in the United States, has emerged as a primary catalyst for Bitcoin's recent price rally. CryptoQuant CEO Ki Young Ju reports that American institutions have acquired a staggering $13 billion worth of spot Bitcoin ETF shares since January. Analysis of Form 13F filings reveals that 1,179 institutions have amassed 193,064 BTC in just 10 months, underscoring the magnitude of institutional adoption. This influx of institutional capital is not occurring in a vacuum. The funds driving these inflows are, in turn, fueled by retail investors, creating a symbiotic relationship that's propelling the cryptocurrency market to new heights. As institutional players increase their Bitcoin holdings, it's fostering greater confidence among individual investors, further amplifying the market's upward trajectory. Interestingly, the current Bitcoin surge is coinciding with heightened political speculation surrounding the upcoming U.S. elections. Bitfinex analysts, in their October 21 market report, noted growing speculation about a correlation between Bitcoin's price action and Donald Trump's election odds. #TRUMP #USJoblessClaimsDip #EthereumPectraUpgrade #Bitcoin $ETH $XRP $BNB

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Is Sui Price Preparing for Another Massive Surge to ATH? Sui (SUI) price has recently experienced a significant rise, attracting attention amid a struggling cryptocurrency market. Despite facing a downturn over the past week due to market corrections, the overall sentiment remains optimistic. As market optimism grows, some speculate that SUI may set the stage for a strong rally, possibly eyeing a return to its all-time high (ATH). On Thursday, crypto price stirred global investor speculation once again. Bitcoin (BTC) held steady at the $67,000 mark, while ETH, Solana SOL, and DOGE displayed varied price movements. This mixed performance across major cryptocurrencies has led to diverse market reactions, with some tokens showing resilience and others facing volatility. Sui Price Nears ATH After a Bullish Spike Sui price surged by an impressive 23% last month, with momentum extending into October. On October 14, 2024, SUI nearly reached a new all-time high, climbing to $2.36. However, the price has since experienced a 15.15% pullback from this peak. Despite the decline, the overall performance indicates strong market support, and investors remain optimistic about future movements as SUI continues to demonstrate resilience in the crypto market. Sui price has been on an upward trajectory over the last 24 hours. At the time of this report, the value of Sui is trading at $2.00, reflecting a 5% increase for the day. The coin is approaching a critical resistance point at $2.1, which could serve as a key level for further price movements. If the market conditions remain favorable, Sui could soon challenge this resistance, potentially targeting a high of $2.18. Reaching this level would match its all-time high (ATH) and result in an impressive 17% increase from its current price. If bullish momentum persists, layer 1 could reach $2.50 in the near term. #SUI #USJoblessClaimsDip #USJoblessClaimsDip #EthereumPectraUpgrade $SUI $ETH $BNB

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Will Cardano Price Hit New ATH $14 as Founder Says “ADA Will be Bigger Than BTC” Cardano price could soar 4,000% to $14 as founder claims ADA will surpass Bitcoin, with potential adoption from 45 million users. Cardano price could break free from its extended consolidation after Cardano Founder Charles Hoskinson said ADA would be ‘bigger then BTC’ in the recently concluded summit in Argentina. This statement has fueled speculation and enthusiasm among investors who wonder if Cardano could reach new all-time highs. Technical analysis shows that the ADA price could surge to such heights, as price action seems to repeat a key historical pattern. The ADA price hovered around $0.3466 on October 24 after dropping 4.8% in the last 24 hours. Despite the decline, technicals suggest Cardano is still bullish, as analysts call for a $0.80 -$1 target for December. The predictions are pegged on the success of Bitcoin’s price breaking its all-time high and surging to $80,000-$100,000 within the same duration. Can Cardano Price Outperform Bitcoin? According to Hoskinson, Cardano has the potential to outperform Bitcoin as it already has the largest developer network of all other crypto networks. However, without outside help, ADA has almost zero chance of becoming bigger than Bitcoin because the latter has more users. According to Santiment, Cardano had 24,031 active addresses as of October 23, with an average of 28,261 users over the last four months. This figure is small compared to other major blockchain networks like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP (XRP). However, if the Cardano network were to bolster its user base, the price would automatically skyrocket. While in Argentina, Hoskinson met with President Javier Milei to discuss blockchain’s potential to revamp Argentina’s economy. #ADA #Cardano #USJoblessClaimsDip #EthereumPectraUpgrade #EthereumPectraUpgrade $ADA $ETH $BNB

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India Mulls Crypto Ban, Considers CBDC Adoption India is considering adopting Central Bank Digital Currency (CBDC) in place of a possible ban on private cryptocurrencies like Bitcoin. India is currently weighing a potential ban on cryptocurrencies like Bitcoin and Ether while exploring the adoption of a Central Bank Digital Currency (CBDC), according to reports published on Tuesday, October 22, 2024. This shift in stance follows government concerns over the risks posed by private cryptocurrencies, as authorities evaluate the benefits of CBDCs, which they believe can provide similar advantages with fewer risks. India Crypto Ban Talks and CBDC Expansion The Hindustan Times reported on Tuesday that Indian regulators, after consultations with key institutions, are increasingly leaning toward banning cryptocurrencies. Although the exact entities involved in these discussions remain undisclosed, officials have indicated that the risks of cryptocurrencies, including stablecoins, outweigh any potential benefits. “CBDCs can do whatever cryptos do,” one senior official commented. They added, “but without the risks,” underscoring growing support for the digital rupee over decentralized digital assets. In parallel, the Reserve Bank of India (RBI) has been actively promoting the adoption of its retail CBDC. Despite these efforts, current transaction volumes—around 18,000 daily—are still well below the RBI’s target of one million by year-end. The RBI is working on new features, including offline transactions and integrating the digital rupee with the popular Unified Payments Interface (UPI), to boost adoption. Ajay Seth, India’s Secretary of Economic Affairs, revealed in July that an inter-ministerial group, including key institutions like the RBI and the Securities and Exchange Board of India (SEBI), is working on a policy paper regarding cryptocurrencies. #ScrollOnBinance #APTSurpassesSUI #XRPDonationsUSElections #INDIA #Bitcoin $BTC $ETH $BNB

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