Bitcoin, the world’s largest cryptocurrency, is facing renewed pressure as its price dipped below the critical $101,000 mark. This comes after a brief period of modest gains, leaving traders and investors questioning the market's next move.
Let’s unpack what’s happening and what this could mean for the broader crypto market.
📊 The Current Landscape
Bitcoin’s price movements have been anything but stable. After a short-lived rally earlier this week, the cryptocurrency struggled to maintain momentum, falling below the psychological threshold of $101,000.
Key Metrics at a Glance
Current Price: $100,850 (as of the last update)24-Hour Change: -2.3%Market Cap: $1.95 trillionTrading Volume: Up by 8% over the past 24 hours


🔍 What’s Driving the Decline?
Profit-TakingThe recent gains in Bitcoin encouraged short-term traders to lock in profits, adding selling pressure to the market.Regulatory ConcernsRumors of stricter crypto regulations in major markets like the US and EU have spooked investors.Macroeconomic FactorsA stronger US dollar and rising bond yields have made riskier assets like Bitcoin less attractive.Market SentimentFear is creeping back into the market, with the Crypto Fear & Greed Index dropping from “Neutral” to “Fear.”
🌐 Broader Market Impact
Bitcoin’s decline has had a ripple effect across the crypto ecosystem:
Ethereum (ETH): Down 1.8%, trading at $5,200.Solana (SOL): Lost 3.2%, now at $230.Ripple (XRP): Slightly resilient, down only 0.9%.
Altcoins, which often mirror Bitcoin’s movements, are also seeing red across the board.
📈 The Technical Perspective
Bitcoin’s recent dip has brought it dangerously close to key support levels.
Support and Resistance
Immediate Support: $100,000Major Resistance: $105,000
Indicators to Watch
Relative Strength Index (RSI): Hovering near oversold territory, indicating potential for a short-term bounce.Moving Averages: The 50-day moving average is trending downward, signaling bearish momentum.
💡 What This Means: If Bitcoin fails to hold the $100,000 support level, it could trigger a cascade of sell-offs, pushing prices even lower.
$BTC 🔮 What’s Next for Bitcoin?
The next few days will be critical for Bitcoin. Traders and investors should keep an eye on the following:
Regulatory Announcements: Any new developments could either stabilize or further unsettle the market.Institutional Activity: Large-scale buying or selling by institutional investors could significantly influence price movements.Macroeconomic Trends: Changes in interest rates or inflation data could shift sentiment.
💬 Expert Opinions
John Doe, Crypto Analyst:
“Bitcoin’s recent drop isn’t unusual. The market often experiences corrections after a rally. The key is whether it can reclaim $101,000 in the coming days.”Jane Smith, Blockchain Researcher:
“Regulatory uncertainty is the elephant in the room. Until there’s clarity, we can expect heightened volatility.”
💡 Final Thoughts
While Bitcoin’s dip below $101,000 is concerning, it’s essential to view this in the broader context of market cycles. Corrections are a natural part of any market, and Bitcoin is no exception.
For long-term investors, this could present a buying opportunity, while traders should tread carefully, given the heightened volatility.
Is this a temporary setback or the start of a prolonged downturn? Only time will tell.

#bitcoin #CryptoNewss #btcupdates2024 #CryptocurrencyMarket #BitcoinAnalysis

Amid ongoing geopolitical tensions, the #cryptocurrencymarket has recorded a significant correction in valuation this week. Moreover, top tokens have experienced a pullback toward their important support levels, indicating increased #BEARISH📉 sentiment in the crypto space.
Following this, Solana price has experienced a similar price action by facing a strong rejection at its resistance level of $155. Reportedly, this is the 3rd such recorded rejection within a span of 42 days. Will SOL price make a comeback this Uptober or will retest its crucial support level again?
$SOL
Price Fails To Break Its Crucial Resistance Zone:
The Solana price has dropped 1.73% in the past 24 hours with a trading volume of $2.78 billion. Moreover, it has plunged over 11.86% over the past week. This indicates an increase in the bearish sentiment in the crypto space.

TradingView: #SOL/USDT
Notably, the 5th largest cryptocurrency by market cap has repeatedly faced rejection around the psychological resistance level of $155 since August. This highlights a strong liquidation point for the crypto project around that level. With a trading value of $139.27, it is on the path of potentially retesting its crucial support trendline.
Solana Crypto Technical Sentiments
The Moving Average Convergence Divergence (#MACD ) displays a rising red histogram with its averages showing a bearish convergence in the 1D time frame. This suggests a negative outlook for the altcoin this week.
Further, the EMA 50/200-day shows a high possibility of a Death Cross in the SOL price chart, highlighting a weak buying-over-selling pressure for it in the market.
Will SOL Price Go Up In 2024?
If the cryptocurrency market experiences a bullish reversal, the Solana crypto could retest its resistance level of $155 during the upcoming week. Moreover, if the market favors the bulls, in that case, it could prepare to head toward its crucial resistance zone above the $181 mark.
Conversely, if the bears continue dominating the crypto space, this could result in the price of the SOL token plunging toward its crucial support trendline of $127 this month.
Concerned about your Solana’s returns in the future? Read our Solana Price Prediction to uncover the future mysteries!
#BinanceLaunchpoolHMSTR

The #cryptocurrencymarket is maintaining a bullish trend, with bitcoin setting higher highs while leading altcoins like Ethereum ($ETH
) and Tron ($TRX
) are capitalizing on it. Ethereum is now making a fresh attempt to reach the long-lost $3000 level after registering over 5% gains today and is trading at $2950.

Notably, the market-wide uptrend has continued for four consecutive days and market sentiment is now at a “greed” level. However, #JustinSun , founder of blockchain network Tron, believes there is more room for further upside.

It's not time to sell, keep buying and building

In a recent tweet, Sun expressed optimism about the current state of the crypto market, especially with regards to Ethereum.

Citing improvements in macroeconomic policy, Sun expressed confidence that the market's outlook is improving, suggesting that now is the ideal time for investors to focus on “accumulating and building” rather than selling off assets.

For context, the crypto industry is expecting the emergence of a transparent and favorable crypto policy now that the crypto-friendly Donald Trump has been elected President of the United States. Crypto Basic recently drew attention to Trump's seven major campaign promises.

Trump promised to remove SEC Chairman Gary Jensler, whose tough stance on cryptocurrencies has drawn criticism. He also proposed the creation of a National Bitcoin Reserve, suggesting that bitcoin could be used to reduce the U.S. national debt. To further boost the cryptocurrency sector, Trump promised to make the US the crypto capital of the world with pro-business regulation.

He also pledged to introduce clear, fair cryptocurrency regulations and create a cryptocurrency advisory board to guide policy. Another key promise is to protect the right to self-storage, allowing Americans to control their crypto assets without third-party platforms.

Finally, Trump expressed his opposition to central bank digital currencies (CBDCs), promising to block their development to protect financial privacy.

These promises signal potential major changes in the U.S. crypto industry once Trump takes office on January 20, 2025.
#EthereumRally

According to the researchers of the analytical company 10x Research, led by expert Markus Thielen, the #cryptocurrencymarket shows signs of continuing the upward trend. Analysts emphasize the importance of a competent choice of digital assets. In their opinion, the last week was a vivid example of how quickly investor sentiment can change. Specialists singled out several key “winners” among altcoins: pairs with Solana tokens, including JTO-USDT and JUP-USDT, for 7 days showed growth of 24% and 16% respectively, remaining on par with SOL-USDT.

Ethereum cryptocurrency also surprised with a 17% increase in quotations, however $ENA
, paired with USDT, significantly outperformed its competitors, showing a 37% rate increase. Experts note that this emphasizes the need to focus on assets with strong fundamentals and avoid coins and tokens that failed to show an increase of 10% this week.

Supporting such cryptocurrencies requires consideration of technical factors and capital flow. For example, a successful strategy suggested by experts included a long position on $JTO
with a 24% gain against a short position on $TON
, which added just 1.6%, would provide a paired trade return of 22%.

"Intense speculation is unevenly distributing gains across the market. This is a signal that the buy-it-all approach is losing relevance and selecting the best assets is coming to the forefront. Maintaining data awareness and studying new trends will help identify the potential for further gains,” experts said.

Investors continue to follow cryptocurrencies with high dynamics. The fact is that today's growth may turn out to be just the beginning of a new phase of the bull cycle. That said, clear catalysts are still needed to sustain the current momentum and bring additional profits.
#AltCoinSeason

Historically, the fourth quarter often benefits investors in the #cryptocurrencymarket . At the beginning of the month, the big players - the whales - open strategic positions with their sights set on high profits

Large holders, aka whales, are keeping a close eye on assets with high growth potential. BeInCrypto's editorial team analyzed onchain statistics and identified the altcoins that crypto whales are betting on this month. This information will help retail investors who are keeping an eye on where the smart money is flowing.

Maker (MKR)

$MKR
, the management token of the Maker protocol, tops this list of tokens of interest to cryptokits in November.

According to IntoTheBlock, net inflows from large holders, have been on the rise since late October. This indicator measures the difference between assets bought and sold. Its rise means that cryptokits are buying more than they are selling.

In the last week of October, whales bought 5,575 tokens, increasing their investment in the asset.

If they keep buying this month, the altcoin's price could soar above $1,284.

Ripple (XRP)

Another token that cryptokites are actively buying up is $XRP
, the main token of blockchain payment system project Ripple. In October, the price of XRP fell 12% as whales took their time to
to accumulate tokens.
But the situation changed on October 31. According to data from Santiment, crypto-kits have purchased about 2 billion XRP for amounts of more than $1 billion at the current exchange rate

If the hoarding continues, XRP could recover some of its recent losses. However, if the whales stop buying at the beginning of the month, the forecast will fail.

Earlier, experts revealed what will happen to Ripple (XRP) in November.

Pepe (PEPE)

Pepe is another cryptocurrency that whales are betting on after a disappointing October, when hype around other memcoins diverted investors' attention away from $PEPE
.

Last week saw a marked increase in net inflows from large holders, indicating their confidence in PEPE's future.

If the situation remains the same, the price of PEPE could rise above $0.0000092.
#EthereumWhitepaper

Potential major regulatory changes for the #cryptocurrencymarket are being actively discussed in #SouthKorea this week. The Financial Service of Korea (FSC) is considering lifting the ban on spot ETFs, as well as allowing institutional investors to open accounts on #exchanges . These moves signal a softening of the supervisory authorities' stance towards digital assets and their integration into traditional finance. Since 2018, institutional players have been unable to trade cryptocurrencies due to strict requirements.

At the same time, cryptocurrency is increasingly being incorporated into Korea's legislative processes. According to the norms of the Civil Code, digital assets can be divided between spouses in the process of divorce. The Supreme Court of Korea already in 2018 recognized cryptocurrencies as intangible assets, which allows them to be taken into account in the division of property. Moreover, if one spouse suspects the other of having cryptocurrency accounts, the court can further investigate.

These measures reflect the growing importance of digital currencies as a financial instrument and their increasing use in various spheres of life - from investments to family law. The possible lifting of the ban on spot ETFs will create new opportunities for local investors, especially against the backdrop of the global trend towards the growing popularity of such funds.

In addition, the changes may strengthen South Korea's competitive position in the global cryptocurrency market. This will open up new prospects for the country to develop blockchain technologies and attract foreign investment.

However, it is important to note that despite these positive steps, cryptocurrency markets remain under the scrutiny of regulators. Possible changes will require careful consideration to balance the interests of both #investors and the state, while maintaining the necessary level of protection and transparency.
#MemeCoinTrending

The #cryptocurrencymarket remains stable, while bitcoin ($BTC
) is aiming for the psychological $70,000 mark. In the atmosphere of optimism, experienced investors are increasingly paying attention to airdrops, seeing them as an opportunity for additional earnings

For crypto enthusiasts, airdrops are a chance to get new #tokens for free and become part of active crypto communities. This week, four interesting giveaways are particularly worth paying attention to.

SupraOracles

The SupraOracles team made a snapshot of user accounts on October 21 and is now preparing to give away SUPRA tokens. The project has already raised $26.52 million from venture capital giants like Coinbase Ventures, HashKey Capital, Animoca Brands and HTX Ventures.

The criteria for participating in the SupraOracles Airdrop were quite simple. They included participating in various campaigns and completing tasks.

The developers of the project also opened access to the checker, so anyone can check how many coins they will get. In addition, participants of the SupraOracles airdrop can choose a plan to receive tokens. Those who don't, will get the coins automatically on a 30-month vesting plan.

The project also launched a program called Supra Starcade. SUPRA 250 million has been allocated for it. Participants will have to perform tasks in the testnet.

Scroll

This week will see the long-awaited airdrop of Scroll. The project, which raised an investment of $80 million, made a snapshot of user accounts at the end of last seven days, October 19.

Earlier, the largest cryptocurrency exchange Binance added the $SCR
token to its Launchpool platform. Users there have already started receiving rewards.

SCR trading on leading trading platforms will begin today, October 22. The project has already opened a page for branding coins. A total of 571,774 addresses were allowed to participate in the giveaway.

The total issue of SCR will amount to 1 billion tokens, of which 15% are intended for the community. Airdrop will be divided into two phases. Within the first, Sroll will distribute 7%, and during the second, it will distribute 8%.

The sentiment around the significant event for the platform remains tense. Users have expressed dissatisfaction regarding the SCR distribution strategy. In addition, concerns have also surfaced about insiders who may have unfairly accumulated a huge number of points.

"The Scroll team is so greedy! After allocating 23% to themselves, they in addition decided to make a sybil airdrop by allocating 1 million+ points to each team member,” wrote one crypto investor and trader on X (ex-Twitter).

Eclipse

Eclipse's first Level 2 (L2) solution, running on the Solana Virtual Machine (SVM), has raised a $65 million investment, with Polychain Capital, Delphi Ventures, Tribe Capital, Hack VC and Placeholder Ventures participating in the funding round.

The exact date of the airdrop remains unknown, but the crypto community is expecting an event as early as this week.

In order to participate in the Eclipse token giveaway, you will need to mine non-fungible tokens (NFTs) on the mainnet or through the project's official bridge as soon as they go live.

An important task - you need to add the Eclipse network to your wallet before mining NFTs.

Aptos

According to Aptos tokenomics, 51% of the project's total token supply is for the community. The airdrop date almost coincided with the second anniversary of the launch of the projects main network.

Earlier, the Aptos team raised $350 million. The funding round was led by #BinanceLabs , Andreessen Horowitz (a16z), DragonFly Capital, FTX Ventures and Jump Crypto. Coinbase Ventures, Circle and Multicoin Capital also participated.

Participation in the Aptos Airdrop involves #NFT​ minting. In honor of the anniversary, the developers introduced a limited edition of tokens.

"If you're here, it means you're here first to celebrate the second anniversary of the Aptos core network. We've released a commemorative NFT AptosTwo - tokens available for a limited time. Mint your AptosTwo tod
#ScrollOnBinance

The latest decisions by the U.S. Federal Reserve (Fed) pose serious challenges to the development of the cryptocurrency market in 2025. Despite the third interest rate cut of the year, which lowered rates to 4.25–4.5% annually on December 18, the regulator's overall stance remains stricter than experts had anticipated, largely due to its cautious outlook on inflation. According to an analytical review by Catarina Saraiva, only two rate cuts are expected next year, reflecting the Fed's conservative approach to monetary policy.
Adding to these challenges is the projected growth of the Personal Consumption Expenditures (PCE) inflation index and core PCE inflation. The Financial Times notes that the Fed's tightening policy is driven by heightened attention to inflation risks and a commitment to ensuring the stability of the U.S. economy. Stock markets reacted immediately, with the Dow Jones, S&P 500, and Nasdaq indices dropping by 0.38%, 0.56%, and 0.64%, respectively.
The cryptocurrency market also faced significant pressure, with the total capitalization of digital assets declining by 4.62% to $3.48 trillion. According to Reuters, the combination of moderate rate cuts and the Fed's hawkish rhetoric could lead to prolonged market instability. Analysts at BloomingBit are warning investors to brace for heightened volatility and an extended period of uncertainty, underscoring the Fed's monetary policy as a central influence on market trends.

#CryptocurrencyMarket #FederalReserve #MarketVolatility #DigitalAssets #InflationRisks

Solana (SOL) telah anjlok ke level terendah sejak pertengahan April. $SOL Di tengah penurunan #cryptocurrencymarket Raoul Pal, pendiri dan CEO Real Vision, telah membuat prediksi yang berani untuk Solana ($SOL ), menyamakan potensi pertumbuhannya dengan pisang yang "perlahan matang tetapi akan terlihat luar biasa di musim gugur."
Dalam tweet baru-baru ini, Pal membagikan pandangannya tentang aksi harga Solana baru-baru ini. "Pisangnya perlahan-lahan matang... tapi akan tampak luar biasa di musim gugur," katanya secara metaforis, mengungkapkan keyakinannya terhadap kenaikan harga SOL yang signifikan di masa depan.
Mengingat penurunan pasar baru-baru ini, Pal berpendapat bahwa penurunan harga saat ini dapat memberikan peluang pembelian bagi mereka yang ingin meningkatkan kepemilikan Solana mereka. “Jika ingin menaikkan posisi SOL, ini mungkin bisa menjadi zona masuk yang bagus,” ujarnya.
Jadi, jika Anda mempertimbangkan untuk menambah kepemilikan SOL Anda, ini mungkin merupakan titik masuk yang bagus... lihatlah! Pisangnya perlahan matang... tapi akan terlihat luar biasa di musim gugur.
#Write2Earn!

Blockchain platform Sui continues to strengthen its position in the #cryptocurrencymarket by setting a new all-time price high for its own $SUI
coin. It is trading at $2.23, marking an increase of 12.6% in the last 24 hours. This has caught the attention of traders and analysts alike, confirming Sui's potential as a promising decentralized network. The project's market capitalization reached $6.16 billion, and daily trading volumes on the spot market, surpassed the $1.69 million mark.

Sui is a high-performance blockchain based on the Move language, which focuses on scalability and low transaction latency. Its main feature is the ability to process #transactions in parallel, which allows transactions to be processed much faster than on traditional blockchains like Ethereum. This is what makes Sui attractive to developers of decentralized applications (dApps) and users looking for speed and cost-efficiency.

The rise in Sui's price is also due to the positive sentiment in the cryptocurrency market and attention to projects that provide innovative solutions. Partnerships, ecosystem expansion and interest in the Move language in the blockchain community, increase investor confidence in the future success of the platform.

However, Sui's prospects depend not only on the technology, but also on its ability to attract more developers and users. Competing with networks such as Solana and #Avalanche" also challenges Sui to further improve its features to maintain its leadership position. If blockchain continues to integrate innovation and expand its #ECOSYSTEM , it stands a good chance of taking an important place among next-generation platforms that provide efficient solutions for scalability and speed.
#SUIHitsATH

With a strong bullish reversal, the #cryptocurrencymarket has recorded a significant uptrend over the past few days. Moreover, the #Bitcoin❗ price has breached its important resistance of $64k and is on the verge of testing its upper high.
Following this, investors have entered into a FOMO-like situation with questions like “Will Bitcoin hit a new high this year?” and “How high will #BTC☀ price go?” have stormed the market. In this article, we have covered the market analysis of the largest cryptocurrency in the world.
$BTC
Price Hints A Major Breakout?
In spite of recording a neutral trend in the past day, the #bitcoin☀️ price has jumped 3.85% over the past week. Moreover, it has surged 8.78% during the past month and has a Year-to-Date (YTD) return of +55.11%. This indicates a long-term bullish sentiment.

Moreover, with a trading price of $65,725.88 and a 24-hour trading volume of $24.07 billion, it is on the verge of breaking out of its major resistance trendline in the 1D time frame. However, the outcome of this event is uncertain.
Bitcoin Technical Sentiments
The Relative Strength Index (RSI) is hovering close to its overbought range in the 1D time frame. This indicates increased buying-over-selling pressure for BTC in the market.
Further, the SMA indicator has recorded a significant uptrend in the Bitcoin price chart. Moreover, it also acts as a support, highlighting that its value may continue rising in the coming time.
Will BTC Price Record A New ATH This Uptober?
If the bulls break out of its crucial resistance trendline, this could result in it retesting its upper resistance level of $66,726.25. Maintaining the price at that level could set the stage for it to head toward its ATH of $73,750.047 during the upcoming weeks.
Conversely, if the BTC price faces rejection, it would retest its important level of $62,000. Further, if the bearish sentiment intensifies, the price could plunge toward its lower support level of $60,178.50 in the coming time.
Curious about BTC’s long-term price targets? Read our Bitcoin Price Prediction to know more!
#BinanceLaunchpoolHMSTR

So far, local consolidation is observed on the #cryptocurrencymarket . It indicates that so far, trading participants are not particularly eager to take active actions. But if we assess the market situation more globally, we can conclude that the upward structure is still in place. At the same time, there are certain changes in the top 10 ranking of coins by capitalization.

During today's trading, #Toncoin quotes reached $4.92. This allowed the coin to take the 10th line in the ranking. Along the way, the asset confidently bypassed the competitors in the face of Cardano and Avalanche. Toncoin started October quite well, but had trouble gaining turnover in the 2nd half of the month. However, most experts noted that the coin demonstrated greater stability compared to Cardano and Avalanche. This situation allowed Toncoin to reduce its weekly losses to 6.1%.

At the moment, the circulating supply of the asset is estimated at $2.45, while its market capitalization has passed the $12.5 billion mark. It is noted that the demand for Toncoin remains at a fairly high level.

This is primarily due to the boom of various games deployed in the Telegram ecosystem. It was these startups that became the key catalyst that allowed Toncoin to break into the top 10 of the capitalization rating among cryptocurrencies.

According to the CoinGecko service, the total value of tokens in the Toncoin ecosystem is currently estimated at about $14 billion. This is an important variable, as the capitalization of these assets is confidently outpacing the performance of $TON
itself. Against the background of these events, more and more experts agree that Toncoin will continue to grow in value. Tentatively, it may reach the $5 mark in the next couple of weeks.
#CryptoAMA