Category: News

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…

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…

Will It Lead To A New Rally Toward $10?

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Amid a challenging period for the XRP price, which has seen a decline of 24% over the last two weeks, Ripple Labs, the blockchain payment company, has announced plans to raise at least $1 billion for a major XRP purchase, intended for the establishment of a new digital asset treasury (DAT). Ripple Plans Largest Fundraising Effort  According to sources cited by Bloomberg, the capital will be managed within this new treasury, and Ripple plans to utilize a special purpose acquisition company (SPAC) to facilitate the fundraising. Additionally, the company will…

Bitcoin Crashes To $105,000, Sentiment Sinks Into Extreme Fear

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Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started…

UK Tax Authority Ups Crypto Warning Letters in Crackdown on Unpaid Gains

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The UK tax authority has ramped up its scrutiny of crypto investors, doubling the number of warning letters sent to those suspected of underreporting or evading taxes on digital asset gains. HM Revenue & Customs (HMRC) issued nearly 65,000 letters in the 2024–25 tax year, up from 27,700 the year before, the Financial Times reported on Friday, citing data obtained under the Freedom of Information Act. The letters, known as “nudge letters,” are designed to prompt investors to voluntarily correct their tax filings before formal investigations are launched. The sharp…

XRP Stalls Below Key Resistance, But Setup Aligns For An Elliott Wave Finish

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XRP is showing signs of hesitation after a strong rebound, struggling to push past key resistance levels. The recent price action fits neatly within an Elliott Wave pattern, suggesting the market may be entering its final consolidation phase before the next major move unfolds. Market Pauses After The Storm CasiTrades, in a recent market update, explained that following last Friday’s sharp wipeout, prices managed to rebound impressively, but that momentum now appears to be losing steam. According to the analyst, such pauses are natural after strong moves. In Elliott Wave…

Schwab Reports High Crypto Engagement Despite ETF Outflows

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Spot Bitcoin exchange-traded funds in the United States have seen more than $1.2 billion in outflows this week, but Charles Schwab is seeing more interest in the products.  The eleven spot Bitcoin ETFs in the US saw an aggregate outflow of $366.6 million on Friday, which rounded off a red week for the asset and Bitcoin-associated institutional investment products.  BlackRock’s iShares Bitcoin Trust saw the largest outflow as the product lost $268.6 million, according to SoSoValue. Fidelity’s fund shed $67.2 million, Grayscale’s GBTC outflowed $25 million, and there was a…

Analysts Caution Cardano (ADA) May Drop Further Before $1 Rebound After 12% Dip

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Cardano (ADA) fell roughly 27% this week, slipping below the $0.66 support as risk-off flows hit crypto. Bitcoin’s slide toward $104,000 and softer altcoin liquidity magnified downside, and on-chain data shows large holders leaning defensive. Related Reading Whale Flows Split as ADA Loses Support Santiment-tracked wallets holding 1–10 million ADA offloaded about 40 million ADA over seven days, while broader whale distribution reportedly reached 350 million ADA, pressuring price. other big wallets accumulated 140–200 million ADA, creating a split tape that’s fueling choppy consolidation between $0.65–$0.70. Derivatives add to the…

BTC RSI Hits April Lows as Coinbase Premium Turns Red

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Key takeaways: The Bitcoin Coinbase Premium flipped red as BTC price dropped below $104,000. Bitcoin’s RSI hit its lowest point since April, hinting at a potential bottom zone. The 200-day EMA support remained crucial as BTC risks short-term capitulation. Bitcoin (BTC) extended its recent decline on Friday, slipping to $103,500 and triggering a notable shift in onchain market sentiment. The Bitcoin Coinbase Premium Index, which tracks the price difference between BTC on Coinbase and other exchanges, flipped red on the hourly chart for the first time in weeks. Bitcoin Coinbase…