Tag: Support

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…

Ethereum Loses Ground – Further Dips Could Expose Price To Key Support Zone

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Ethereum price started a fresh decline below $4,600 and $4,500. ETH is now moving lower and might extend losses below $4,250 in the short term. Ethereum started a downside correction below $4,550 and $4,500. The price is trading below $4,450 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $4,385 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below $4,250. Ethereum Price Dips Further Ethereum price failed to stay above…

Ripple (XRP) Price Forecast: Will $55M Leverage Support Prevent Breakdown to $2.50?

Key Notes Bulls concentrate $55 million in leveraged positions near $2.7, representing 58% of all active long contracts to prevent further decline. XRP liquidations totaled only $17 million compared to Bitcoin’s $188 million, showing traders covered positions rather than facing forced exits. Technical analysis reveals a double-bottom pattern forming between $2.6-$2.8 with potential rally to $3.6 if $3.1 resistance breaks. Ripple XRP $2.80 24h volatility: 3.5% Market cap: $167.36 B Vol. 24h: $5.39 B price tumbled 3%, trading as low as $2.78 on October 9, mirroring the broader market downturn…

ShapeShift Rolls Out Support for Shielded Zcash Transactions

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Multichain DEX aggregator Shapeshift announced support for shielded (private) transactions with the Zcash privacy cryptocurrency. According to a Thursday announcement shared with Cointelegraph, ShapeShift’s self-custodial decentralized exchange (DEX) aggregator and self-custodial wallet now support Zcash (ZEC) shielded transactions. The announcement comes as Zcash Community Grants allotted $50,000 to support ShapeShift’s technical and marketing investments. According to the announcement, with this move, the organization aims to “offer true privacy on-chain for its users.” This follows ShapeShift’s delisting of anoncoins, also known as privacy coins, in 2020 amid regulatory pressure. Still, this…