Shiba Inu ($SHIB ) Price Has Chance

Shiba Inu is showing signs that a potential price reversal could be underway. SHIB is currently consolidating after bouncing off important support levels following a protracted downtrend over the previous few months.

The asset is facing many obstacles, but a recovery is not completely out of the question. SHIB's ability to rise higher will depend on a few key price points. Potential reversal situation: SHIB's ability to keep its support above the 100-day EMA, which is presently at $0.00001664, is the first essential component of a reversal. SHIB will have created a strong foundation from which to launch a comeback if it can hold this level.
A sustained move above this support would indicate that buyers are stepping back in, and the sentiment may turn more positive. Holding above this level would boost confidence for additional gains as it has historically shown itself to be a significant support zone.

It would indicate that SHIB has enough momentum to challenge higher levels if it were to break above this price point. Recently this area has served as resistance; a breakthrough would allow SHIB to ascend in the direction of $0.00001900. Reaching this level would validate the reversal and draw in more buyers, paving the way for additional upward movement.

Important price points to keep an eye on:
Watch $0.00001664, which is the first critical support. SHIB needs to hold above this level to prevent further downside pressure and establish the potential for a reversal. A decline in price below this may indicate a return to bearish sentiment.
The $0.00001800 level is the next significant one. A breakout above this resistance would indicate a shift in market sentiment and would likely trigger a new wave of buying. When confirming a bullish reversal, this level is crucial.
#shiba⚡ #SHIBAUSDT #WeAreAllSatoshi #moonbix #BinanceLaunchpoolSCR

Expert Analyst Predicts This Solana Price Bullish Reversal Pattern Could Send $SOL to $1,200

Discover expert predictions on Solana price potential to reach $1,200 as it forms bullish reversal patterns. Here's what to expect next for the SOL price.
Solana price is on the cusp of a breakout from a bull flag setup, although the Bitcoin price has been interfering. Nevertheless, top analysts have concluded that SOL price will have one of the best bull markets this cycle, pulling the entire meme coin industry up after multiple bullish patterns emerged on its price chart. Can the SOL price reach $1200 this cycle?

Three White Soldiers Pattern Hints Bullish Reversal For Solana Price:-
Altcoin Archive pointed to a bullish candle formation on the Solana monthly chart, noting it as ‘rare.’
According to the rules of technical analysis, the Three White Soldiers candlestick formation is a bullish reversal pattern usually followed by a short-ranging period before an explosive breakout to the upside.
Historically, Bitcoin begins the final phase of the bull run after the November elections, and investors hope this year will follow the same trend. Such an outcome would validate Altcoin Archive’s analysis.

The analyst’s prediction comes at a time when SOL price has seen a 3.7% drop over the last day and is trading at $143.03. The general crypto prices are in the red, with the total market cap down 3.5% over the last 24 hours after Bitcoin failed to hold above $64,000.

Bull Flag On The Macro To Spur SOL to $1200:-
Similarly, macroeconomist Seth shared his thoughts on Solana’s next direction on X. According to his macro analysis, SOL is about to lift an entire ecosystem—meme coins.

According to Seth’s analysis, Solana rests from a prior strong uptrend. The pullback price action has formed a bull flag, typically indicating a bullish continuation. A breakout from this market structure could send the Solana price to the $900-$1200 range.
#SolanaUSTD #solonapumping #WeAreAllSatoshi #moonbix #BinanceLaunchpoolSCR

Binance's XRP Holdings Spike: Is Bull Run Back?

The world's largest crypto exchange, Binance, has released its freshly printed proof-of-reserves report, which shows the ratio between customers' net balances and the exchange's. One of the highlights is the performance of XRP reserves on Binance, as they have suddenly seen a notable increase.

Thus, in one month, the cumulative net balance of Binance customers in XRP has increased by 6%, or 165,386,790.313 XRP, and reached a total of 2.92 million XRP. Binance, on its behalf, increased its net balance to match the increasing balance of its customers, and it can be said that over 330 million XRP, which is equivalent to about $175 million in current prices, were added to net balances. The coverage ratio for XRP on Binance is now 100.66%. In terms of net balances, XRP is currently the seventh largest asset.
Without using complex words, such an increase shows that Binance customers have been buying more XRP over the past month, which itself eloquently describes the sentiment of traders and investors as bullish.

This is also proven by the development of stablecoin reserves on Binance. Over the course of September, the most popular and widely traded "digital buck," USDT, saw a decline from $22.11 million to $21.41 million. The other two less popular options, FDUSD and USDC, also saw a decrease, worth 2.15% and 1.32%, respectively.
The past few months have been all about stablecoin inflows, as crypto market participants, and Binance users in particular, moved to the sidelines for "crypto cash." Now the paradigm has changed, but whether it is a full-fledged trend remains to be seen.
#Xrp🔥🔥 #XRPGoal #WeAreAllSatoshi #moonbix #BinanceLaunchpoolSCR

Analyst Says the SEC Appeal Does Not Matter for $XRP Price

XRP has maintained its stance above $0.52 despite the FUD around a possible price capitulation on the back of the SEC’s upcoming appeal in the Ripple lawsuit.

The recent notice of appeal by the US Securities and Exchange Commission triggered angst within the XRP community. For context, the securities watchdog notified the Second Circuit of the US Appeals Court on October 3, stating that it intends to dispute the judgment passed by Judge Analisa Torres in the Ripple vs. SEC case.

Notably, reactions sprung in from Ripple CEO Brad Garlinghouse and other proponents of XRP. The XRPL native token also corrected considerably, falling 10% after 24 hours.

However, XRP has quickly moved past the SEC appeal, holding the support at $0.52 sustainably. According to XRP enthusiast Moon Lambo, the SEC has lost its ability to hinder XRP’s price performance.

XRP Drives Past the SEC Hurdle:-
In a tweet, Moon Lambo emphasized that XRP has grown by 1 cent month-over-month despite the SEC’s foreseen move to appeal to Judge Analisa Torres’ August 7 judgment. The YouTuber noted that the growth depicts the market’s lackluster disposition towards the SEC appeal.

Over the years, Ripple’s legal battle with the SEC has had notable implications for the XRP price. The seventh-largest crypto asset by market has underperformed in recent years owing to the Wall Street regulator’s years-long scrutiny.

However, Moon Lambo argued that the recent price performance indicates a sentiment shift in the crypto market, bringing him to the conclusion that the SEC appeal does not matter again for XRP. Notably, the YouTuber is not the only one sharing this thought pattern.

In an X post, analyst Doctor Magic stated that the FUD swelling after the appeal couldn’t even push XRP below the $0.52 support. The analyst noted that circulating speculations of an impending XRP capitulation haven’t materialized as bears have failed to drive prices past the support.
#Xrp🔥🔥 #XRPGoal #WeAreAllSatoshi #moonbix #BinanceLaunchpoolSCR

Bitcoin Price Falters At $64K, Chinese Stocks Tumble, What’s Next for $BTC ?

With Chinese stocks crashing double digits, what's next for Bitcoin price after a brief retest of $64k, a crash or continuation of the bounce?
With the recent spurt of bullish momentum, Bitcoin (BTC) retested the $64K hurdle but failed to sustain it. As a result, BTC is retracing. The daily chart shows a bearish outlook for Bitcoin price that could undo the past week’s gains.

Bitcoin Price Stumbles At $64K:-
Crypto markets enjoyed bullish sentiment in the past week as Bitcoin prices hit $64K over the weekend. This enthusiasm continued into the weekday as BTC saw another buying spike in the US trading session. In hindsight, the uptick pushed Bitcoin deep into the $64K territory, forming a local top and leading to a 3.49% crash.
As of Tuesday, October 8, Bitcoin price is up 0.58% and remains indecisive.

US-Listed Chinese Stocks Plunge After Historic Rally:-
The Chinese stock market saw a massive uptick after China announced aggressive stimulus plans in late September. This move caused a historic rally that led some of the Indices to observe the best performance since 2008. The stimulus-led rally pushed the CSI 300, HSI, and SSE Composite to rally 36% and 30%, respectively.
Additionally, US-listed Chinese stocks like Ali Baba, BiliBili, Baidu are down 8.9%, 17.2% and 10.1%, respectively. Analysts attribute the downfall of Chinese stocks to a loss of momentum. Hong Kong’s Hang Seng Index (HSI) tumbled 9.5%, which is the worst performance seen since 2008.

BTC Price Analysis: What’s next for Bitcoin?
The outlook for Bitcoin remains bearish as explained in a previous CoinGape article. BTC price is the following scenario one and has promptly retraced 3.54% after piercing the daily resistance zone, extending from $63.9K to $65K.
#BTC☀ #WeAreAllSatoshi #moonbix #BTCUptober #BTCReboundsAfterFOMC

What to Expect from Ripple ($XRP ) in October 2024

Up by 6% today, Ripple’s (XRP) price appears to be ending September on a strong note. But as October 2024 approaches, ongoing regulatory developments, institutional inflows, and some other factors will determine whether XRP will have an intriguing month or not.

With investors eagerly watching for clues on XRP’s price potential, this analysis examines key technical indicators, whale movements, and market sentiment, offering insights into what to expect from the token in the coming month

Ripple Looks Up to These Factors as Market Interest Rises:-
On a month-to-date basis, XRP’s price has increased by 10%, starting at $0.55 this month. At press time, the altcoin’s value is $0.62. This positive return could be linked to the broader market recovery, particularly Grayscale’s launch of the XRP Trust two weeks ago.

For some investors, the trust appears to be the first step toward an XRP ETF despite its current regulatory challenges. Some also believe that the development will positively affect XRP’s price in October.

Furthermore, the surge in the token’s Open Interest (OI) seems to align with this sentiment. As of this writing, XRP’s Open Interest is almost $900 million. This indicates a notable rise in speculative activity around the token.

Price-wise, an increasing OI indicates that more money is flowing into the derivatives market. When this occurs during an upswing, it gives more strength to the trend. As such, XRP’s price might continue to climb into next month.
However, Juan Pellicer, Senior Researcher at IntoTheBlock, disagrees with the potential XRP ETF effect. According to him, Ripple’s stablecoin launch and integration with Decentralized Finance (DeFi) should have more impact in October 2024 and beyond.

XRP Price Prediction: Ready for Breakout
From a technical perspective, the lack of volatility around the token has kept XRP’s price from reaching $0.70 earlier. However, the daily chart shows that it might now have a higher chance of hitting that value.
#Xrp🔥🔥 #XRPGoal

$SHIB Among Worst-Performing Coins in Top 100, What's Happened?

Shiba Inu, one of the biggest meme coins, has ended up among the worst-performing tokens over the past 24 hours after losing more than 3%, according to CoinGecko data.

It is in the red together with some other tokens of the likes of Celestia (TIA), VeChain (VET), Quant (QNT) and Monero (XMR). However, Shiba Inu holders should not fret about this unfortunate price drop. The recent price decline is most likely a healthy correction. Some of the holders of the second-largest meme coin decided to take profit following a substantial rally experienced by the second-largest cryptocurrency.

On the seven-day time frame, Shiba Inu is actually one of the best performing cryptocurrency tokens after adding an impressive 34%. In fact, it was ahead of the entire top 100 on Friday because of its surprise rally. Despite the recent drop, it is still the biggest gainer during this week, lagging behind only some of its rival meme coins. Pepe (37%) and dogwifhat (34.1%) are leading the pack.

Meme coin leaders:-
Meanwhile, Dogecoin, Shiba Inu’s archrival, has surged by more than 4% over the past 24 hours. It has now stolen SHIB’s luster, becoming the second best-performing cryptocurrency in the top 100. Bonk (BONK) is in the first place with a 4% spike over the past 24 hours. Ripple-affiliated cryptocurrency XRP is also in the top 3 with a 3.2% price increase. Notably, Pepe (PEPE) and Solana-based dogwifhat (WIF) are up by more than 2%.
#Shibalnu #shiba⚡ #SolanaUSTD #pepe⚡ #BinanceLaunchpoolHMSTR

Ripple Mints 99% of RLUSD Tokens in 24 Hours

According to data provided by XRPL validator Vet, a whopping 99% of the entire supply of the RLUSD stablecoin has been generated in a single day.

A total of 800,000 RLUSD tokens have been minted over the last 24 hours. The data from the X social media account that tracks RLUSD transfers shows that the latest mint of roughly 100,000 took place about eight months ago.
The uptick in the minting process likely indicates that the project is closer to launch.

Ripple’s stablecoin was originally announced back in April. The company started beta testing the new product in August. The stablecoin would be initially available only to the company’s enterprise partners. The company wants to tap into growing demand for stablecoins. Tether, the leading stablecoin company, has a market cap of roughly $119 billion. As reported by U.Today, XRP is one of the best performing cryptocurrencies over the 24 hours. The cryptocurrency is showing impressive strength despite the fact that the U.S. The Securities and Exchange Commission is widely expected to appeal the July 2023 ruling, which recognized secondary XRP sales as non-securities. The upcoming launch of the stablecoin is expected to be another catalyst for the XRP token. Earlier, Monica Long, Ripple’s president, spilled the beans about the XRP token launching this year.
#Ripple💰 #XRPL #Xrp🔥🔥 #BinanceLaunchpoolHMSTR #BTCPredictedNewATH

'Why Not Just Burn $XRP ?': Ripple CTO Doubts New XRPL Initiative

In a recent discussion regarding the future of programmability on XRP Ledger (XRPL), Evernode co-founder Scott Chamberlain proposed a new approach involving Hooks and a new token, Codii, to enhance transaction functionality. The aim is to allow smart contract execution on XRPL while maintaining manageable costs for users.

Chamberlain’s proposal introduces two key elements. First, Hooks — a flexible, low-cost system proven to support decentralized applications, such as Evernode. The system automates tasks like registration, reputation scoring and governance for network hosts, offering a seamless solution for transaction execution.

Second, Codii — a native token minted from locked XRP and burned for Hook-related fees, would reduce the financial strain on users compared to burning XRP directly for smart contract triggers.

Simplicity versus functionality:-
However, Ripple CTO David Schwartz expressed skepticism about the need for such complexity. According to Schwartz, simply burning XRP for all transaction fees, as done currently, could streamline operations. He questioned the advantages of introducing Codii, pointing out that it adds burdens like managing two tokens and could lead to dilution losses for XRP holders.

Chamberlain defended the proposal, arguing that burning XRP for programmability would make smart contracts too expensive if XRP appreciates. He highlighted that Codii would offer a self-sustaining system, where XRP holders could effectively cover Hook fees through inflationary balance adjustments.

Despite Chamberlain’s rationale, Schwartz maintained that any system imposing costs on users through token inflation risks complicating fee management without significant benefits. It was also outlined that burning XRP as the sole method for transaction funding keeps the system straightforward, ensuring its accessibility as the value of XRP changes.
#Xrp🔥🔥 #XRPL #RippleCEO #BinanceLaunchpoolHMSTR #moonbix

$XRP leads crypto weekend gains fueled by surging open interest

XRP shows strength against the US dollar as open interest surges. Is a move beyond $1 realistic?

XRP $0.6504 price was up 5% to trade at $0.6278 on Sept. 29. This is part of a prevailing recovery that began on Sept. 6 and has seen the remittance token rise more than 10% over the last 30 days, fueled by a significant increase in its open interest.Data from Cointelegraph Markets Pro and TradingView shows XRP rose from a low of $0.5027 on Sept. 6, climbing as much as 26% to an intraday high of $0.6335 on Sept. 29.

The total crypto market capitalization is up 0.4% to $2.29 trillion. As such, XRP price performance over the last 24 hours has seen it become the third-highest gainer among the top-100 cryptocurrencies by market value.

Traders are increasingly betting on XRP to see “significant price movements”:-
“XRP has shown significant price movements with predictions and immediate targets around $0.66,” declared crypto YouTuber Raajeev Anand in a Sept. 29 post on X.

“XRP could see a substantial increase, aiming for targets like $2 or even much higher figures like $4.2 or $9.98 due to bullish patterns observed in its chart.”
Anand explained that the market sentiment around XRP has been largely positive. Analysts point to formations like a breakout from a symmetrical triangle, a golden cross, and other bullish indicators suggesting strong momentum for further XRP price increases.

XRP’s price action on the weekly timeframe reveals a bullish breakout from a symmetrical triangle that has persisted since 2020. A sustained rally above this chart formation could see XRP price rise toward the bullish target of the prevailing chart pattern at $2.0.

Meanwhile, another crypto analyst, Captain Faibik, told his over 96,000 followers on X that the XRP price had completed and broken out of the falling wedge, confirming a massive breakout for the token’s price toward $3.9. However, they set the short-term target to $2.3.
#Xrp🔥🔥 #XRPGoal #BinanceLaunchpoolHMSTR #moonbix

Will Solana Price Delay $200 Breakout as Pump Fun Sells $18.9M in $SOL ?

Solana price risk bearish pullback amid $18.9M SOL sell-off by Pump.fun. However, a bullish EMA crossover could renew upward momentum.

Solana price is down 0.83% on this low-volatility Sunday, currently trading at $155.44. The renewed selling pressure can be attributed to substantial selling from the Pump.fun fee account, alongside a natural pullback after a three-week rally. Will the bearish reversal strengthen the seller’s grip, or are buyers waiting for a dip opportunity?

Will Pump.fun’s $18.9M SOL Sell Prevent Solana Price from $200 Breakout?
According to blockchain insight platform Lookonchain, the Pump fun fee account has sold 122,250 SOL(approximately $18.9 Million) in the last five days.

Pump.fun’s activity has been significant, with the account generating a total revenue of 773,617 SOL (valued at $120.68 million). Out of this, the account has sold 398,313 SOL, worth $62.13M so far.
While these sales could create initial volatility and a temporary pullback in Solana price prediction, the substantial transaction volume hints at heightened network activity. As Solana continues to experience increased usage and demand, such high-value transactions from major accounts like Pump.fun reflect the network’s growing influence.

SOL Price Hints Short Pullback Before Next Leap:-
The SOL price showed a sustained recovery from $142 to $156 this week, accounting for a 10.4% growth. The buying pressure extended the V-shaped recovery in the daily chart, reflecting a drastic change in market sentiment.

Typically, this sudden jump indicates market instability and a slight retracement, the same narrative from Pump.fun selling.
If the buying pressure persists, the Solana price could jump 17.6% to challenge the overhead trendline of a bull-flag pattern. A potential breakout offers buyers a suitable floor to drive a 51% surge to $275.
#SolanaUSTD #solonapumping #BinanceLaunchpoolHMSTR #moonbix #BTCReboundsAfterFOMC

Trading expert reveals when $XRP price will hit $2

The sustained consolidation of XRP below $0.60 has drawn a fair share of criticisms, with select market players questioning the token’s long-term sustainability. However, a crypto trading expert views this as insignificant, noting that XRP’s long-term prospects remain intact.

This projection stems from the fact that the Ripple-affiliated token has been building a solid base since bottoming out in June 2022, supported by a rising trendline that continues to hold firm, according to Alan Santana, who made the observation in a TradingView post on September 26.

He noted that XRP has experienced 1,650 days of higher lows and extended consolidation, indicating what to expect in the next bull run. In this case, the upcoming bullish wave for XRP could see exponential gains, confirming the token’s strong potential in the long term.

XRP’s key price targets:-
The analysis projects that XRP will target higher levels in the coming years, with the price potentially reaching $2 by 2025. XRP is expected to hold around $0.59 in the short term as the market accumulates before breaking out.

Santana further suggested that XRP could surpass its all-time high of $3.84, making the current accumulation period a significant opportunity for long-term holders.

This bullish sentiment is also shared by another analyst, Egrag Crypto, who, through an X post on September 28, called on XRP investors to exercise patience as the token gears up for a possible price rally.

Currently sitting around the $0.60 spot, the expert noted that investors should keep their eyes on the resistance range of $0.64 to $0.65. A solid close above this zone would likely signal a bullish reversal, turning this range into strong support.

Once this level is secured, XRP could rapidly hit its next micro-target of $0.75, which many see as the launchpad for a significant rally toward the coveted $1 mark—and potentially beyond.
#Xrp🔥🔥 #XRPPredictions #BinanceLaunchpoolHMSTR #BTCReboundsAfterFOMC

Expert Lawyer Predicts SEC Will Appeal as $XRP Price Risks 25% Crash

XRP price prediction hints at a steep correction as two experts believe that the US SEC appeal will come before the October 7 deadline.

Ripple (XRP) price approaches a key resistance area, putting the XRP price in a make-or-break situation. The US SEC appeal deadline on October 7 will decide if XRP will crash or climb higher. While the XRP community believes there won’t be an appeal from the US Securities & Exchange Commission (SEC), a former SEC Lawyer and pro-XRP attorney thinks the SEC appeal will come.

XRP Price Correction Likely as Experts Believe SEC Will Appeal:-
XRP vs. The SEC Lawsuit has been a hot topic even after Judge Analisa Torres ruled in favor of Ripple in July 2023. The latest discussion has been surrounding the potential SEC appeal that will contest the said ruling. While the XRP community believes there won’t be an appeal from the SEC, two experts believe otherwise.

Fox Journalist Eleanor Terette posted on X about her conversation with a former SEC lawyer who believes that the SEC will “probably” appeal the July 2023 ruling. The ex-SEC employee added,

“Everyone over there [at the SEC] truly believes that the decision is wrong, that it’s not good law, and should be appealed”

Pro-XRP lawyer John Deaton echoed with Elanor Terette’s X post and former SEC Lawyer and mentioned that there could most likely be an appeal from SEC chair Gary Gensler. Death explained that an appellate court won’t rule Judge Torres was in error, however, even if they did, the SEC still wouldn’t win the case. The pro-XRP lawyer added that the SEC’s weakest argument is the “common enterprise” factor, which Judge Torres didn’t need to apply since the third prong of the Howey Test wasn’t satisfied.

Regardless, both John Deaton and the pro-XRP lawyer believe that the SEC appeal will come before the October 7 deadline.
#Xrp🔥🔥 #BinanceLaunchpoolHMSTR #BTCPredictedNewATH #moonbix #BTCReboundsAfterFOMC

Shiba Inu Developer Responds as $SHIB Skyrockets to $0.00002

Dog-themed cryptocurrency Shiba Inu surpassed the $0.00002 price point for the first time since mid-June during Friday's trading session, reaching highs of $0.00002169. Bulls attempted to extend Shiba Inu's four-day surge in Saturday's trading session with price reaching highs of $0.00002146.

As Shiba Inu defied expectations, outperforming top cryptocurrencies in the market, the price move has sparked excitement within the SHIB community. One of the key developers behind the project, Kaal Dhairya, took to X to express his enthusiasm, tweeting, "Go SHIB Go," as the token surged.
The tweet from Dhairya highlights the momentum SHIB has gained, fueled by recent positive market movements and increased interest in the Shiba Inu ecosystem. SHIB’s surge past $0.000021 represents a significant price breakout, given that Shiba Inu had seen quiet price action in recent months.

Shiba Inu sees a big rise in discussion rates:- According to Santiment, altcoin euphoria continues with large caps seeing major rises in discussion rates. Shiba Inu is among the top trending projects driving markets.

The discussions around Shiba Inu and associated projects like Shibarium are soaring, contributing to its recent price rise.

In an earlier tweet, Santiment mentioned that Shiba Inu's on-chain activity had increased significantly when compared to altcoin alternatives and other meme coins. In addition to volume, circulation and whale transactions reaching 10-week highs, social dominance has increased as well. Santiment states that for Shiba Inu to surpass its $0.000043 year-high set in February, traders should wait for the strong bullish narratives to subside slightly. At the time of writing, SHIB was up 1.16% in the last 24 hours to $0.00001977 and up 40% weekly. Shibarium TVL has increased to $7.03 million, setting new all-time highs.
#shiba⚡ #SHIBAUSDT #BinanceLaunchpoolHMSTR #BTCPredictedNewATH #moonbix

$BTC and $ETH ETFs See Major Gains: ARK21Shares Adds $115.7M, Grayscale Ethereum Trust Adds $27.88M

Cryptocurrencies received more fund inflows as investors traded in Bitcoin & Ethereum ETFs. According to Lookonchain, industry big shots like ARK21Shares and Grayscale saw a massive inflow and proven demand from investors.

Bitcoin ETFs Experience Large Inflows:-
Bitcoin ETFs received a netflow of 5,572 BTC, which is roughly $369.85 million. The increase reflects that more people trust Bitcoin and institutional and retail investors seek to invest in the leading cryptocurrency in a safe and regulated manner through ETFs.

ARK21Shares net inflow today, is at 1,743 BTC, which is a sum of around $115.7 million. Today, ARKB holds 47,599 Bitcoins with a value of about $3.16 billion. This upward trend indicates the rise of ARK21Shares and the endless demand for crypto investments through ETFs.

Another large holder includes those of iShares (Blackrock) Bitcoin Trust (IBIT), which has purchased an additional 1,434 BTC, making its overall holdings amount to 363,626 BTC. Another beneficiary was the Fidelity Wise Origin Bitcoin Fund: FBTC purchased an additional 1,136 BTC and, in total, has 178,334 BTC.

There are quite a few other Bitcoin ETFs worth mentioning: Bitwise Bitcoin ETF and Invesco Galaxy Bitcoin ETF saw inflows of 774 BTC and 336 BTC, respectively. Notably, the largest GBTC outflow was 9 BTC, but Grayscale remains the second biggest holder with 220,949 BTC.

Ethereum ETFs Impressive Growth:-
Ethereum-based ETFs also had a good run with a NetFlow of 22,921 $ETH worth $61.66 million. This increase indicates that Ethereum is gradually becoming one of the long-term investment and portfolio managers.

At the forefront was the Grayscale Ethereum Mini Trust, which purchased 10,365 $ETH , taking its total to 390,385 ETH, which is worth $1.05 billion. The daily flow of this trust was $27.88 million, which makes it among the biggest contributors to the Ethereum ETF for the day.


#BTC☀ #ETH🔥🔥🔥🔥 #BTCReboundsAfterFOMC

Suze Orman Recommends BTC: 'Everybody Should Absolutely Have Exposure to $BTC '

Suze Orman, a well-known financial advisor, advocates for bitcoin exposure, despite contrasting views from other prominent investors like Dave Ramsey and Warren Buffett. She underscores the potential gains for those who can manage its volatility. “Everybody should absolutely have exposure to bitcoin,” she said.

Suze Orman Encourages Bitcoin Investment With Caution:-
Financial advisor Suze Orman has explained that she believes everyone should have exposure to bitcoin, despite the skepticism of other well-known investors. While figures like Dave Ramsey and Warren Buffett criticize the cryptocurrency, Orman highlighted its potential for those willing to handle its volatility and risk.

During her recent interview with CNBC Make It, Orman emphasized:
"Everybody should absolutely have exposure to bitcoin."

She believes bitcoin’s value will grow, driven by younger generations’ fascination with it, although she doesn’t see it as a currency or store of value.
Noting that millennials and Gen Z investors make up 70% of crypto ownership, she said:

"This is an investment that you’re either going to lose it all, or you’re going to let it run until it’s worth $100,000 or $200,000."

However, Orman also warned of the risks and advised against investing more than 5% of one’s portfolio in bitcoin. She favors bitcoin exchange-traded funds (ETFs) over direct ownership of BTC due to security concerns. “I would never want to see an FTX happen again,” she stressed, noting that she appreciates the ease of managing an ETF alongside traditional investments like stocks and mutual funds.

What do you think about Suze Orman’s stance on bitcoin and her cautious approach to cryptocurrency investments? Let us know in the comments section below.
#BTC☀ #BinanceLaunchpoolHMSTR #moonbix #BTCReboundsAfterFOMC #NeiroOnBinance

$BTC ETF Gets $365M Boost, Can BTC Withstand China’s Housing Crisis?

Bitcoin price rallied with $365M Bitcoin ETF inflow, but China’s housing crisis could cause short-term volatility.
On Friday, the Bitcoin price hit $65,000 for the first time since August, accounting for +25% growth in three weeks. The bullish trajectory is backed by renewed inflow in Bitcoin ETF and macroeconomic change in the global market. However, the bullish trajectory is at risk as China’s mounting housing crisis could impact the crypto market.

Bitcoin ETF Gets $365M Inflows, but Will China’s Housing Woes Impact BTC?
Since yesterday, the Bitcoin price has witnessed a renewed bullish momentum, surging from $63,121 to $66,280— a 5% increase. This recovery followed a substantial inflow of $365.57M into the U.S.-based spot Bitcoin ETF on Thursday, the highest daily amount in over two months.

Some analysts attribute the recent crypto market uptick to Beijing’s announcement of extensive stimulus measures to revive China’s weakening economy. As part of these initiatives, China plans to adjust existing mortgage rates to align with current market rates, reducing approximately 50 basis points. Additionally, the government is lowering the minimum downpayment requirement for second homes from 25% to 15%.

However, the Director of Research at BCA Research, Peter Berezin, shares the stimulus announced this week is “not a frontal assault to boost growth. It was a rearguard action to prevent economic collapse.”

Berezin highlights that China’s housing starts are down 70% from their peak, indicating the construction sector’s distress. The completion of the housing project is down only 11% because the government is stepping in to finance developers to complete already stalled projects.

By press time, the BTC price had traded at $66,272, boosting a market cap of $1.3 billion. With sustained buying, the asset could surge 3% before challenging the multi-month resistance trendline at $68,350.
#BTC☀ #ETFvsBTC #BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC

$XRP to $1? Key Insight From Golden Cross Invalidation

XRP formed a golden cross on its short-term charts about a week ago. This technical indicator usually signals the potential for a price rally. Since Sept. 19, when the cross was discovered, market observers have been looking for a potential price rally for the Ripple-associated coin.

No positive XRP price action The golden cross is formed when a short-term Moving Average (usually the 50-day MA) crosses above a long-term moving average (often the 200-day Moving Average). Per the current XRP trend, the golden cross emerged on the four-hour chart on Sept. 19.
Consequently, the market expected XRP to soar by a significant percentage, probably reaching as high as $1. Unfortunately, this was not the case with cryptocurrency, invalidating the potency of the golden cross.

The broader cryptocurrency industry is seeing bullish momentum, causing the price of many digital assets to spike. Bitcoin ($BTC ) is currently trading at $65,617.49, a 2.06% increase in the last 24 hours. $ETH is also 1.29% higher and trading at $2,654.35. On the contrary, XRP is in the red, trading at $0.5893. This price level corresponds with a marginally low 0.1% dip in 24 hours.

Another catalyst for the XRP $1 goal:-
This price plunge invalidates the golden cross that the coin saw earlier. Additionally, it underscores the fact that investors have to consider other factors like sustained overall market sentiment and broader economic trends, which can impact the XRP price. This may be the catalyst for XRP to hit $1 soon.


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VET News: VeChain CEO Sunny Lu Unveils VeBetterDAO Vision and DAO Future in Exclusive Interview

In a recent episode of Untangling Web3, VeChain CEO Sunny Lu discussed the growing role of decentralized autonomous organizations (DAOs) in blockchain technology while sharing insights on the future of cryptocurrency and blockchain adoption. Lu also highlighted how DAOs are decentralizing the decision-making process through the voting process rather than the conventional management hierarchy.

According to Sunny Lu, the DAOs are a new form of organization based on the principles of decentralization, including governance. While in the conventional economy, decision-making power is vested in the management, the DAOs incorporate democratic voting systems where all members have a voice and a chance to make decisions. Lu was able to simplify this rather abstract idea by comparing voting to a family’s decision-making process in which everyone has a say.
Smart contracts are widely used in DAOs to automate the execution of rules and conditions. The implementation of these smart contracts is done through blockchain technology to enable accountability for all actions. Lu pointed out that the decentralized voting system eliminates rigging and governance tokens are employed to cast votes within the DAO.

Oracles also play a crucial role, connecting the DAO’s virtual world with real-world data and allowing for informed decision-making.
Lu Highlights Decentralization as Key Benefit of DAOs
According to Lu, one of the primary benefits of DAOs is the capability of decentralization. He explained that DAOs remove conventional barriers where organizations can function round the clock with no single point of contact. In DAOs, every transaction and decision made is documented on the blockchain, which means that there is no secrecy.
However, Lu also noted that DAOs have some major disadvantages, including issues with their efficiency and the necessity to employ specialists.
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