Tag: Support

Tether Donates to OpenSats to Support Bitcoin

Key Notes Tether announced that it is supporting OpenSats with a donation of $250,000. OpenSats is a 501(c)(3) public charity that offers funds to contributors and projects that strengthen Bitcoin and advance open, censorship-resistant technologies. Tether has continued to expand its advocacy for Bitcoin and crypto. Largest stablecoin issuer Tether has shown support for OpenSats by donating $250,000 to the Bitcoin-related BTC $109 973 24h volatility: 0.9% Market cap: $2.19 T Vol. 24h: $69.23 B project. This fund will go a long way in boosting the charity’s operations, which include…

Bitcoin price tests support as spot BTC ETFs see outflows

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Bitcoin price slipped lower on Oct. 16, testing key support around $111,000 as spot Bitcoin exchange-traded funds swung back to net outflows after a brief return to inflows.  Summary Bitcoin trades around $111K as BTC spot ETFs record $94M in outflows. Trading volume and derivatives activity signal cautious sentiment. Dovish Fed tone offers hope for renewed upside momentum. As of this writing, Bitcoin was trading close to $111,673, down 8% over the previous week and 0.5% over the previous day. Trading volume has fallen sharply to $66.2 billion, a drop…

Bitcoin Retests STH Cost Basis Again: Is This Where Support Flips?

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Bitcoin has faced another retrace in the past day that has brought its price to the short-term holder cost basis, a level that has acted as support thus far. Bitcoin Is Making Yet Another Retest Of The STH Realized Price As explained by CryptoQuant community analyst Maartunn in a new post on X, Bitcoin could be at the fourth step of the short-term holder (STH) Realized Price cycle. The “Realized Price” here refers to an indicator that measures the average cost basis of the investors on the BTC network. When…

Ethereum Looks Ready – Key Support Holds As Bulls Aim Fresh Upside Push

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Ethereum price started a fresh recovery above $4,050. ETH is now showing positive signs and might rise further toward the $4,350 level. Ethereum started a recovery wave above the $4,000 and $4,020 levels. The price is trading above $4,050 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it trades above $4,200. Ethereum Price Holds Support Ethereum price started a recovery wave above…

UK’s FCA Unveils Roadmap to Support Blockchain-Based Fund Tokenization

The United Kingdom’s Financial Conduct Authority (FCA) has revealed a roadmap to help asset managers adopt blockchain technology for fund tokenization. In a Tuesday announcement, the regulator said the initiative aims to “provide firms with additional clarity” to adopt tokenization and “drive innovation and growth in asset management.” “Tokenization has the potential to drive fundamental changes in asset management, with benefits for the industry and consumers,” said Simon Walls, executive director of markets at the FCA. “There are many things that firms can do under our existing rules and more…

Crypto Liquidations Hit $624M as Bitcoin Loses Support Again

Key Notes About 213,938 traders were liquidated within the past 24 hours, with losses running into $624.41 million. Ethereum saw the largest liquidation, with its price retracting to $4,002. Bitcoin price has also plunged significantly, with ATH ambition still far away. . The broader cryptocurrency market has experienced a massive liquidation of $624.41 million, with long traders suffering losses. This situation has affected 213,938 traders within the past 24 hours. Notably, the largest single liquidation order was seen on the OKX exchange, valued at $5.57 million. Bitcoin and Ethereum Prices…

ETH Under $4K Despite Stablecoin Surge, Bhutan Support

Key Notes ETH ETFs recorded $429 million in third-day outflows as ETH went below $4K. Weekly stablecoin senders surpassed one million for the first time. Bhutan became the first nation to anchor its national digital ID system on ETH. Ethereum ETH $3 940 24h volatility: 5.3% Market cap: $476.23 B Vol. 24h: $54.81 B spot ETFs have recorded their third straight day of outflows, totaling $429 million on Oct. 13. Bitcoin BTC $110 692 24h volatility: 3.7% Market cap: $2.21 T Vol. 24h: $73.93 B spot ETFs also saw $327…

BNB Chain Launches $45M Airdrop to Support Memecoin Traders After Market Crash

Key Notes The compensation initiative distributes funds randomly rather than by trading volume, averaging approximately $281 per wallet. BNB price initially surged past $1,300 following the announcement but quickly reversed to $1,250 amid heavy selling pressure. The airdrop responds to the historic Oct. 11 crash that liquidated $19.35 billion across crypto markets in 24 hours. In a strategic effort to bolster its ecosystem, BNB Chain has announced a $45 million “Reload Airdrop” to support users affected by recent market instability. The initiative, launched with partner Four Meme, will distribute the…

Solana Risks Drop Below $200 After Losing This Key Support

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Amid the recent market volatility, Solana (SOL) has lost a crucial area for the first time in over a week, leading some analysts to forecast a potential drop toward the $200 support and below in the coming days. Related Reading Solana Pullback Eyes $200 Retest Solana fell from the $225 area and recorded a 6.6% intraday retrace below the $210 level for the first time in two weeks. Notably, the cryptocurrency has been trading within the $210-$245 levels over the past month, briefly losing this range during the late September…

SOL Tests Support at $220 — Can ETF Launch Fuel Rally?

Key Notes Following a healthy pullback, SOL price is showing signs of a bullish pattern, eyeing a strong breakout past $240. Grayscale’s proposed Solana ETF (GSOL) awaits SEC approval and will come with a 0.35% management fee. JPMorgan estimates the ETF could attract $1.5 billion in first-year inflows, reflecting growing institutional interest in Solana. SOL SOL $220.3 24h volatility: 0.5% Market cap: $120.24 B Vol. 24h: $7.05 B , the native cryptocurrency of Solana, is once again under the grip of broader market volatility. SOL price is now testing a…