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#UN Hosts Robot Press Conference on AI State
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Is Bitcoin Poised to Break $64K? Analysts Eye Next Big Rally After 4% Surge!

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Is Bitcoin Poised to Break $64K? Analysts Eye Next Big Rally After 4% Surge! Bitcoin just made waves after a quick bounce from below $59,500, shooting up to around $63,400! Although it has pulled back to about $62,700, this still marks a remarkable 4% increase in just 24 hours. Could this mean that Bitcoin is gearing up for even bigger moves ahead? Bitcoin Could Break Above $64K Bitcoin recently dipped below $59,500 but quickly bounced back, showing strong movement. Analyst Michael Van de Poppe believes this trend could lead to further price increases in the coming days. Bitcoin took the liquidity beneath $59.5k and quickly ran up. Probably few days of consolidation, before next week is going to be significantly up. He suggests that Bitcoin might consolidate for a few days before a significant upward movement begins next week. Breaking through the key resistance levels between $64,000 and $65,000 is crucial, as it could signal a major shift in the market. If this happens, it may lead to new all-time highs and a surge in altcoin markets. With the current price fluctuations and the potential for bullish trends, investors are closely watching Bitcoin’s movements. If the breakout occurs, it could signal a broader market uptrend, benefiting various altcoins. Bitcoin Price Analysis As of now Bitcoin is currently trading around $63,000 and the 100-hour simple moving average. It may face resistance around $63,620 due to a bearish trend line forming at that level. Meanwhile, the first major resistance is at $66,650, which is the 50% Fibonacci retracement level from the recent drop. If Bitcoin breaks above $63,650, it could rise further, with the next key resistance at $64,000. #moonbix #10MTradersLeague #USPPIAboveExpectations #Bitcoin #BTC $BTC $ETH $BNB

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It’s Official, First XRP ETF Filing Lands on SEC’s Desk Investment asset management firm Bitwise has become the first firm to file an initial registration statement for a spot XRP exchange-traded funds (ETF) with the United States Securities and Exchange Commission (SEC). The pursuit of an XRP ETF reflects the increasing demand among institutional investors for safe crypto products. Epic Bitwise XRP ETF push Like other crypto ETFs, the potential Bitwise XRP ETF will provide exposure to the value of the underlying cryptocurrency held by the trust. Bitwise CEO Hunter Horsley stated that the asset manager is optimistic about the results that the XRP ETF implementation will bring. “We believe blockchains will usher in new, apolitical monetary assets and permissionless applications for the 21st century,” Hosley wrote in the filing. He further noted that this is why, for the past seven years, Bitwise has helped investors access the opportunities in the space, and the Bitwise XRP ETP is not an exception. On Sept. 30, Bitwise registered an XRP ETF trust entity in Delaware. The trust listed CSC Delaware Trust Company as its registered agent in Wilmington, Delaware. Bitwise’s latest move may encourage other asset managers to file a similar application with the U.S. regulator. The latest Form S-1 registration with the SEC follows Bitwise’s earlier entry into the crypto ETF ecosystem. Bitwise in crypto ETF game Almost a year ago, Bitwise resubmitted its amended proposal for Bitcoin ETFs after the regulator provided feedback and queries to an initial filing for the BITB. In a matter of three months, the SEC approved the offering for trading, together with applications from BlackRock, Fidelity and Grayscale. Similarly, the asset management firm filed an S-1 form with the U.S. SEC to launch a spot-based Ethereum ETF in Q1, 2024. #XRP #Ripple #SECvsXRP #TMTG #tapswapwithdraw $BTC $ETH $XRP

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Ripple CEO Expects More Filings Following Bitwise XRP ETF Application Ripple CEO Brad Garlinghouse has predicted more asset managers could also file to offer an XRP ETF following Bitwise’s filing of the S-1 form for its Bitwise XRP ETF. Garlingouse also highlighted how significant this development is for XRP adoption, especially in traditional finance (TradFi). Ripple CEO Expects More XRP ETFs Filings Following Bitwise Application Brad Garlinghouse stated in an X post that this is just the beginning following Bitwise’s filing of the S-1 form for its Bitwise XRP ETF. Therefore, the Ripple CEO expects that more asset managers could file to offer an XRP ETF like Bitwise. Garlinghouse also claimed that the application for an XRP wasn’t only a matter of time, seeing as the Spot Bitcoin and Ethereum ETFs had been approved earlier in the year. In May earlier this year, he stated that an XRP ETF was inevitable and would happen at some point. The Ripple CEO was also convinced that this would happen, considering that Analisa Torres had already declared that XRP isn’t a security in itself. Meanwhile, the Ripple CEO stated that the move by Bitwise underscores the growing trust and integration of digital assets like XRP into TradFi. He added this marks the continued adoption and maturation of the crypto market. Although Grayscale excluded XRP from its Q4 top 20 crypto picks, the asset manager could be one of the next asset managers to file for an XRP ETF. It is worth mentioning that Grayscale recently launched its Grayscale XRP Trust, which the asset manager could easily apply to the SEC to convert to an ETF. Bitwise Files S-1 Form For XRP Bitwise confirmed in a press release that it had filed the S-1 form for its Bitwise XRP ETF with the US Securities and Exchange Commission (SEC). This fund will hold XRP directly and offer institutional investors the opportunity to gain exposure to the crypto token. #XRP #Ripple #SEC #BinanceLaunchpoolHMSTR #EIGENonBinance BTCUptober $XRP $BTC $ETH

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Here’s Why the Crypto Market is Falling It appears that the cryptocurrency market is poised for a massive price drop and may crash in the coming hours, following the escalated tension between Iran and Israel. During the opening bell of the US stock market, Barak Ravid, a political reporter shared a post on X (previously Twitter) that Iran is preparing to imminently launch a ballistic missile attack against Israel. Escalating Tensions Between Iran and Israel Barak noted that “Senior White House Official tells me: ‘The United States has indications that Iran is preparing to imminently launch a ballistic missile attack against Israel.’” However, this post went viral like wildfire as it gained significant attention from crypto enthusiasts and has gained 1.2 million views in just a few hours. Crypto Market Begins to Decline At press time, the overall cryptocurrency market began falling, while major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Binance Coin (BNB) have experienced price declines of over 2.5%, 3.5%, 4.6%, and 3.2%, respectively, over the past 24 hours. The majority of the price decline occurred following the news of the ballistic missile attack on Israel. Traders Liquidated $351.21 Million Following this news, traders have liquidated a significant $351.21 million, according to data from on-chain analytics firm Coinglass. However, the single largest liquidation occurred on Binance, the world’s biggest cryptocurrency exchange, involving a BTC/USDT pair worth $12.37 million. Amid this liquidation, the majority of liquidation happened in the past four hours, with bulls facing the hardest hit during this price decline. While analyzing total Bitcoin (BTC) liquidations in the past four hours, bulls have liquidated $50 million worth of long positions, while bears have faced $3.15 million of liquidations during the same period. #BinanceLaunchpoolHMSTR #EIGENonBinance BTCUptober BTCPredictedNewATH #BTCReboundsAfterFOMC $BTC $ETH $BNB

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