Day: October 18, 2025

Altcoins Selling Pressure Persists As Exchange Inflow Hits 2025 High — Details

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Altcoins have not quite recovered from the significant downturn that hit the financial markets a week ago. Most large-cap cryptocurrency assets, including Bitcoin, are either revisiting their low from the previous week or struggling to mount any real pressure from their current position.  For instance, the largest altcoin by market cap, Ethereum, after briefly returning to above $4,200 earlier this week, is back to its level in the aftermath of the October 10th bloodbath. According to the latest on-chain data, it appears that investors are increasingly losing confidence in the…

OpenSea Rejects NFT ‘Pivot,’ Says It’s Evolving to ‘Trade Everything’

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OpenSea CEO Devin Finzer has rejected claims that the company is pivoting away from non-fungible tokens (NFTs), saying instead that the marketplace is “evolving” into a universal platform to trade every type of onchain asset. In a Friday post on X, Finzer announced that OpenSea’s October trading volume exceeded $2.6 billion, with over 90% of that amount coming from token trading, calling it the beginning of the platform’s transformation to “trade everything.” “We’re building the universal interface for the entire onchain economy — tokens, collectibles, culture, digital and physical,” Finzer…

Ripple Leads $1B Fundraise for XRP Hoard But Risk of $2 Test Remains

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Key takeaways: XRP price dropped 8.75% on Friday despite Ripple’s $1 billion acquisition plans. A drop toward the $2 support level is possible in the coming days, as bulls pin their hopes on a rebound. Ripple is reportedly planning to raise $1 billion to purchase XRP (XRP) for its own digital asset treasury. This move could make it the world’s largest corporate holder of this top-five cryptocurrency. However, XRP bulls largely ignored the news on Friday, with the price falling 8.75% after the Oct. 17 announcement, while continuing its prevailing…

Crypto Tax: UK Authorities More Determined to Clawback Gain

Key Notes HM Revenue & Customs (HMRC) sent out 65,000 crypto tax warning letters last year. The previous year, the agency sent out only 27,700 letters. The growing crypto adoption and asset price surge mandate this move. Crypto firms in the UK are facing challenges as tax authorities in the region intensify warnings about unpaid gains. Reports show that these digital asset firms received more warning letters from the HM Revenue & Customs (HMRC) last year than they did the previous year. This reflects the UK government’s commitment to ramp up…

XRP Reset: Billions in OI Wiped Out as Prices Touch $2.20

Key Notes XRP crashed to $2.20 before rebounding to $2.35 at press time. $1.9 billion in Open Interest was wiped out across exchanges in just 12 days. A falling wedge pattern hints at possible recovery, with resistance near $2.50. XRP currently trades at $2.35, up over 6% in the last 24 hours, after an extremely volatile week that saw the asset plunge from $2.50 to $2.20. Despite the rebound, XRP remains down 25% over the past month and trades nearly 39% below its all-time high of $3.84. According to data…

ETH Briefly Reclaims $3,900: ‘High Risk Zone’ Stands Tall

Key Notes Ethereum briefly reclaimed $3,900 but remains in a high-risk zone. The Korea Premium Index surged to 8.2%, historically signaling local tops. Resistance lies between $3,870 and $3,920, with breakout targets at $4,160-$4,425. Ethereum (ETH) briefly found its way back above $3,900 on Saturday, a mild rebound after a volatile week that saw price action testing key support levels near $3,600. However, ETH is down 15% monthly, as per CoinMarketCap. Also, CryptoQuant analysts have warned that ETH now trades in a “high-risk zone” marked by overheated retail sentiment and…

$1.2B Left BTC ETFs This Week, but Not All is Lost for Bitcoin Price

Key Notes US Bitcoin ETFs saw $1.22 billion in outflows this week. BlackRock’s IBIT led with $268.6 million in Friday redemptions. Bitcoin must reclaim $108K–$109K to avoid testing $100K support. Spot Bitcoin exchange-traded funds (ETFs) in the United States saw over $1.2 billion in outflows this week, cementing a brutal week for Bitcoin and digital asset products. On October 17, U.S. spot Bitcoin ETFs recorded a net outflow of $367 million, marking the third consecutive day of outflows. Spot Ethereum ETFs saw net outflows of $232 million, with none of…

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Solana Price Risks Major Breakdown, Should Investors Worry?

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As Solana’s (SOL) price attempts to hold a crucial support area, an analyst has warned investors that the highly anticipated “Solana season” might not happen as the altcoin risks a massive price crash. Related Reading Solana Risks ‘Serious Downside’ On Friday, Solana followed the rest of the market and fell below the $180 support to retest the recent lows. The cryptocurrency started this week by recovering from last week’s correction to its two-month low of $168, briefly attempting to reclaim the $210 resistance on Tuesday. However, the recent market volatility…