The king of crypto is pacing nervously just above six figures, licking its wounds after a bruising drop from the $126,000 summit. While the charts show bitcoin trying to steady itself, its indicators are whispering mixed messages — and they aren’t all optimistic. Bitcoin Chart Outlook On the daily chart, bitcoin is dragging a red […] Original
The crypto market is weary after relentless waves of sell pressure on Tuesday. Several assets have now settled as they begin to establish levels of support, although if the U.S. dollar continues to show strength it could signal a period of prolonged downside. Bitcoin BTC$102,019.12 rose about 1% since midnight UTC after two days of declines that saw it drop to the lowest price since June at one point. Ether ETH$3,338.16, which slid as much as than 20% over the 48 hours — the steepest drop in three months —…
Crypto pundit Jack has drawn attention to a valuation model that puts the XRP price at $18,000. This is based on the discounted cash flow model, which focuses on the XRP Ledger’s utility and XRP’s role as the native token. Valuation Model That Puts The XRP Price At $18,000 In an X post, Jack revealed that the discounted cash flow model puts the XRP price’s fair value at $18,036. He noted that the world is racing into tokenization and that the momentum is unstoppable. Based on this, he predicts that…
A well-known crypto voice on X is drawing attention to what he calls a “big move for XRP & RLUSD.” He points to Bitnomial, a regulated U.S. derivatives exchange, which recently extended its margin program to include stablecoins and digital assets. Xaif believes this could introduce a new phase of utility for XRP and RLUSD as real-world assets, raising the question: if their use is growing, will their prices also start to rise? Xaif Crypto Spotlights Big Move For XRP And RLUSD In a post shared with his followers, the…
Bitcoin accumulators bought 375,000 BTC in just 30 days, with the dip below $100,000 boosting their holdings by 50,000 BTC, new data confirmed. Key points: Bitcoin accumulator addresses grab 375,000 BTC in a month in a new record. Accumulators added 50,000 BTC as price slipped under $100,000 for the first time in months. Read more Original
On Tuesday, the Ethereum price fell by 8%, following the overall correction in the cryptocurrency market and even outperforming Bitcoin’s (BTC) dip. This has sparked concerns as ETH nears important support levels, putting its $3,000 mark at danger. October Events Lead To Significant Corrections Ram Ahluwalia, the chief investment officer at Lumida Wealth, recently noted that the roots of this latest crypto sell-off can be traced back to the Federal Reserve’s (Fed) October meeting. Related Reading On October 29, the central bank announced its second interest-rate cut of the year.…
Key Notes Solana’s transaction fee share has fallen from 50% to 9%. Despite $417M in ETF inflows, DeFi activity shows visible fatigue. SOL is trading at near $156, testing August support levels. Solana SOL $155.1 24h volatility: 2.7% Market cap: $85.71 B Vol. 24h: $11.13 B slipped to its August lows around $156, following a sharp fall in its network dominance as traders rotated toward new high-activity chains like Hyperliquid and BNB Chain. According to DefiLlama, Solana’s share of the Layer-1 transaction fee market has tumbled from above 50% at…
Bitcoin endured one of its sharpest selloffs of the year on Tuesday, knifing below the six-figure threshold and printing lows around the $99,000 area on major composites before rebounding. At press time, bitcoin (BTC) hovered near $101,700 after an intraday trough just above $99,000 on widely used benchmarks, marking a fall of roughly 6% day-over-day and the lowest print since June. The slide came as US equities limped into mid-week, with the Nasdaq up 20.9% year-to-date and the S&P 500 up 15.1% as of Tuesday’s close—gains that underscore how much…
In the last few weeks, the Ethereum price has performed poorly, thanks to the bearish pressure triggered by the Bitcoin price decline. After losing support above $4,000, the second-largest cryptocurrency by market cap is now showing more signs of a breakdown that could trigger a spiral. Multiple analysts have already shared where they see the Ethereum price going, and we take a look at two that look at both ends of the spectrum. A Recovery And Then A Crash Crypto analyst Melikatrader highlighted an important structure that the Ethereum price…
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…