Bitcoin has been on a tear, with the cryptocurrency recently surging past $35,000, boosted by key developments within the crypto community and a decisive break above the $31,000 resistance level. What makes this rally particularly interesting is the growing sentiment among experts and analysts that the bottom may be in for Bitcoin.
Grayscale, one of the largest institutions heavily invested in the crypto segment, is becoming increasingly interested in Litecoin. So much so that LTC will be included in the FTSE Grayscale Crypto Sector Index Series.
Genesis moves for early bankruptcy payouts as NYAG suit applies pressure. A recent lawsuit initiated by the New York Attorney General's Office (NYAG) could impact
Genesis' bankruptcy process, according to a Oct. 24 report from Reuters.
Tech Titans Microsoft and Google Make AI Moves Down Under. While the appeal of a largely untapped market is clear, some say the move could also reflect a regulatory chill in the U.S.
Telegram's Maestro Bot Hit By $500,000 ETH Heist Due To Contract Vulnerability. Hackers used the account's proxy design for upgradability to hack into Telegram's Maestro bot account and steal $500,000 worth of Ether (CRYPTO: ETH).
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5,358 ETH Worth $9M Was Just Burned. What happened: On Wednesday a total of 5,358.29 Ether (ETH) worth $9,544,456, based on the current value of Ethereum at time of publication ($1,781.25), was burned from Ethereum transactions.
Crypto Analyst Congratulates Traders on Surviving the Bear Market, Looks Ahead on Bitcoin (BTC). A widely followed crypto analyst says that traders who have survived the bear market are finally coming out on the other side. Crypto analyst Michaël van de Poppe sends his 669,200 followers on the social media platform X a congratulations,
expressing his belief that the bear market is over. DYDX Chain officially launches on mainnet as standalone Cosmos Layer 1. The dYdx version 4 and its standalone Cosmos blockchain has rolled out is alpha mainnet phase.
Gary Gensler Confirms Review of Numerous Bitcoin ETFs. The race for the first Bitcoin ETF in the United States is gaining momentum. SEC Chairman Gary Gensler confirmed that the commission examines 8-10 applications for a spot Bitcoin ETF. These revelations, signaling potential market evolution, come amid an impressive Bitcoin rally, heightening stakeholder anticipation.
Core devs rule out Dencun fork this year. Ethereum core developers are working through issues with the next suite of upgrades, featuring EIP-4844.
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Friends, let's start on the basis that nothing is ever certain in this market. What I see on the Ethereum chart scares me very, very much.
For the first time we are breaking the biggest resistance that has kept us low for 2 years (since November 2021). Guys maybe we're not ready for what's coming. You know that it is Ethereum which generally announces the alt season.
Probability for a mini alt season in my opinion: 0.7 (70%). As long as we stay above this triangle otherwise it's dead. Probability of being on a local top 0.3 ( 30% ) . Since the #shi.t.coins pump but there hasn't yet been a real sh.it.coin pump like 5x or 10x so I think we will have our #altseason like in January, friends.
The technical picture of Bitcoin (BTC/USDT) on October 24 showed some interesting analytical points. The price of the cryptocurrency at the time of my most recent analysis was $33,500, indicating a positive 24-hour trend with an approximate gain of 4.5%.
With a significant market valuation of around $625 billion, Bitcoin maintains its dominant position in the market. Approximately 18.6 million BTC are in circulation, very close to the 21 million BTC ceiling.
The pivot point in the 4-hour chart was firmly located around $31,500. At $34,700, Bitcoin encountered instant opposition. At $36,071 and $38,770, it experienced further obstacles. On the negative side, $30,335 provided the most immediate assistance, which was followed by $29,201 and $28,403.
If Bitcoin is unable to overcome this barrier, the elevated RSI in conjunction with its struggles at the 1.414% Fibonacci extension mark at $34,700, might indicate a bearish correction.
Bitcoin is expected to test the $36,071 level shortly if it keeps up its momentum and crosses over the $34,700 barrier. Conversely, not doing so might cause a drop in the levels of immediate support.
All information in ETH The technical forecast indicates that Ethereum formed a Double Bottom Formation and then broke out over $1,745 in price. The rise appears likely to continue based on further technical signs as well. Holding open purchase orders by investors might lead to a 12.25% breakout in ETH, which could see it hit $1,958. Following a breakout like this, traders will begin to search for opportunities to trade with ETH above the line of resistance, which should lead to a notable increase in trading activity.
The Relative Strength Index (RSI) currently at 75 indicates that Ethereum's price is positioned to maintain its upward trend. However, investors need to be cautious as
overbought conditions may encourage them to take profits or protect their investments. Furthermore, the Money Flow Index (MFI) shows that the advantage is in favor of the bulls. The index tracks the inflow and outflow of money into the market and indicates that control is in the hands of buyers during an uptrend.
Market experts emphasize that surpassing the $2,000 level in ETH is a significant milestone for Ethereum bulls. The breakthrough of this level could potentially trigger the next bull run.
Bitcoin (BTC) Will Be Hit Hard by Resistance and Make Move to the Downside - Analyst Nicholas Merten Predicts. A widely followed crypto analyst is predicting that Bitcoin (BTC) will be hit hard by selling pressure and make a significant leg downward. In a new strategy session, crypto trader Nicholas Merten, the host of DataDash, tells his 511,000 YouTube subscribers that the king crypto is setting up for a move to the downside.W
âBitcoin hints at sell signal after hitting 3-month high. Bitcoin price hit $30,369 on Saturday, its highest level since July. While bulls could push higher in coming weeks, the immediate outlook suggests a bearish flip. Crypto analyst Ali points to the TD Sequential indicator as hinting at a sell
signal.W
Expert Gives Ripple The 'Royal Flush' In Potential Settlement With SEC. Investment expert and seasoned author Linda P. Jones recently weighed in on the ongoing legal showdown between Ripple and the United States Securities and Exchange Commission. The financial analyst provided an insight into what will likely go down if the payment company and the SEC meet at the negotiation table.W
Crypto funding: A focus on decentralized orderbook
exchanges in $66M week. A wide variety of firms had successful raises this week, including one developing a decentralized alternative to Google Docs. âCoinbase Exchange is set to delist five cryptocurrencies that haven't met its listing standards, affecting a combined market valuation of over $60 million.#BTC
BTC is following the predicted path after breaking out of the symmetrical triangle. Furthermore, it has successfully breached a significant horizontal resistance level at $ 32,000 after a long time, which will now act as a strong support in case of a pullback.
The MACD crossover indicates a bullish momentum, suggesting the likelihood of a continued upward movement from this point onward or following a successful retest of the horizontal support level in case of a retracement.#BTC
Attention Traders: Brace yourselves for a thrilling ride! We're diving into a high-risk BTC short trade. s
Prepare for Action: The market is heating up, and we're on the edge of something big. Fasten your seatbelts, traders! Let's navigate these turbulent waters and aim for extraordinary gains!#BTC #etf #solana #cbdc
Check below In the last two weeks, the Solana (SOL) coin has emerged as a standout performer, soaring from a low of $21.01 to a high of $31.3-a staggering 40% increase. This upward momentum has breached some crucial resistance like $25 and brought the coin to a three-month high of $31.4.
âWorldcoin Adjusts Token Strategy; Shifts Orb Rewards and Alters Market Maker Agreements. Worldcoin, which uses iris biometrics to create a unique human identity database, said Sunday it is changing the distribution of its circulating WLD token supply and its market maker loan agreements.
Crypto funds see fourth week of net inflows, with Solana
taking largest altcoin share. Digital asset investment
products saw net inflows for the fourth consecutive week totaling $66 million, according to CoinShares.W In Ripple's ongoing lawsuit, the U.S. Securities and Exchange Commission (SEC) does not have a good chance of winning its appeal against the company.
âFinCEN Introduces New Rulemaking Proposal To Surveil Crypto Mixing Services, Citing Patriot Act. The Financial Crimes Enforcement Network (FinCEN) has released a new proposal for the US government to begin monitoring crypto mixers.
Currently market is flying with no solid backgrounds which still makes sure to dip down from where it started a week ago. SMC traders and whales are manipulating again the market to build bullish sentiments, nothing is sure now. You expect $33,000 and it could dump back to $29000 leading to $28000 and down. All eyes on #etf to go bullish. I can afford this loss but not everyone can. So always trade with tight SL since market is pretty uncertain. #dyor