The crypto world has discovered a new gem named IntelMarkets (INTL), which is all set to take the crypto world by storm. Powered by AI-based innovative technology, it is all set to generate loads of millionaires in the crypto world even faster than Dogecoin (DOGE). Analysts are vouching for this new crypto terming it as the next “Avalanche Killer”. Let’s find out why! Avalanche’s Comeback: How AVAX Climbed Out of the Red Zone Last month, the AVAX coin was predicted to see a huge increase, along with many other popular altcoins in the crypto world. Before the start of the ongoing correction phase, Avalanche (AVAX) saw a significant boost at the time, peaking at $30. Once again, as the price of AVAX approaches $30, the Avalanche (AVAX) is out of the red zone. Right now, everything on the AVAX price charts seems good. With a weekly gain of 8.33%, the Defi currency continues its positive trend, up 17.56% on the monthly trends. Grayscale’s Trust products have already been launched on Avalanche (AVAX), which could promote more gains in the Avalanche (AVAX) token. However, analysts are referring to a freshly launched currency called IntelMarkets (INTL) as the next “Avalanche Killer” since it is growing at an unprecedented rate. DOGE’s Dream of $1: Can Dogecoin Meet Investor Expectations? Dogecoin (DOGE), captures the attention of the market mainly due to the massive community support, amusing meme-culture, and of course, the popular backing from Elon Musk. It is commendable to know that crypto, which started as a mere joke, has been able to cement its position under the top 10 cryptocurrencies for so long. Its current market cap stands at $16.53 billion, with each token priced at $0.1129. Analysts speculate that, based on 2025 market predictions Dogecoin (DOGE) will be priced between $0.50 and $0.75. But meeting Dogecoin’s (DOGE) dream of a $1 price goal would need significant retail and institutional involvement, as well as a rebounding market which doesn’t seem to be happening soon. However, new emerging projects like IntelMarkets (INTL) are growing at a pace never seen before with the help of its innovative offerings and might reach $1 before Dogecoin (DOGE). How IntelMarkets Plans to Surpass Dogecoin with 1200% Growth by 2025 Remember how Dogecoin (DOGE) made tons of millionaires with its meteoric rise in 2021? Well, a similar trend is emerging in the crypto market but a little more boosted. IntelMarkets (INTL) is a newcomer to the crypto market, growing at a never-seen-before pace, intending to make millionaires faster than how Dogecoin (DOGE) did. IntelMarkets (INTL) is becoming more and more popular because of its innovative AI-powered trading platform. Unlike many other traditional exchanges, it provides features and tools that are often only available to institutional investors with investments exceeding $100 million. This platform will bring institutional and retail investors to the same level. The platform holds over 100,000 crypto assets and provides access to over 1,000 technical sources for analyzing data. IntelMarkets is the next generation of trading tools for profit optimization, with real-time data processing and multi-channel analysis. Its advanced risk management features also allow investors to set up automated take-profit and stop-loss orders, automating their trading experience. Enormous returns are predicted by experts in the trading sector; growth might exceed the value of the well-known cryptocurrency, Dogecoin (DOGE), by 2025, where growth could reach 1200%. IntelMarkets $1.1M Presale: Is It Just the Beginning? IntelMarkets (INTL) is well-positioned for rapid growth in this challenging crypto world. The evidence for its rapid growth is apparent in its $1.1M presale funding and over 10,000 platform signups even before the launch. Analysts are vouching for this project as the next big thing, naming it as the next “Avalanche Killer”. It is currently being offered at $0.027 per INTL token and this discounted price is anticipated to reach $10 by 2025 upon its official launch, giving early investors a chance to earn life-changing profits. Discover More About Intel Markets: Presale: https://intelmarketspresale.com/ Buy Presale: https://buy.intelmarketspresale.com/ Telegram: https://t.me/IntelMarketsOfficial Twitter: https://x.com/intel_markets Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Donald Trump’s WorldLiberty Financial DeFi project is set to launch its governance token in a few hours. The project is part of the presidential candidate’s various crypto initiatives. The cryptocurrency market has livened up this past week with bullish price actions and other new announcements. Notably, several leading digital assets including Bitcoin and Ethereum have retraced their steps to previous trading levels. Meanwhile, the crypto-political landscape has also made some new announcements. Notably, Republican candidate Donald Trump’s World Liberty Financial is reported to have seen amplified community interests over the past month. Having launched it in mid-September, the Trump family’s DeFi project has seen more than 100K sign-ups as per reports. This immense interest in the project has garnered market attention owing to the project being the initiative of the presidential candidate. Donald Trump Jr discussed the project’s immense community interest in an X space held on October 14, where Head of Operations, Zak Folkman also spoke. The Operations head delved into details about the token launch which is scheduled for October 15. Additionally, WorldLibertyFi also recently shared a blog discussing the details of the DeFi Project. According to the announcement, WLFI, scheduled to be unlocked in the next few hours, will be functioning as an Ethereum-based ERC-20 governance token for the project. Furthermore, the blog post also discussed the project’s goal and vision to expand DeFI accessibility to both crypto users and newcomers. However, the WLFI tokenomics have not yet been shared for public knowledge. Moreover, Donald Trump was seen promoting the token sales on his official Twitter account on Sunday. Donald Trump’s Crypto & DeFi Endorsement The former US president has adopted a vision for crypto’s future according to his latest discussions and statements. Particularly, in one of his campaigns, Trump advocated for crypto’s future and joked about its potential to pay off the US debt. Additionally, the ‘crypto president’ also recently made his first crypto payment at a Bitcoin bar. Relatedly, over the past few months, Trump has stated that the US must sustain its lead in the crypto industry. He has also discussed modifying regulatory approaches for the sector in the case of winning the elections. Meanwhile, Kamala Harris recently was seen mentioning cryptocurrency in her Opportunities agenda reachout for the black male community. Highlighted Crypto News Today: Metaplanet Shares Surge 16% After Major Bitcoin Acquisition

dYdX gives traders a new method to interact with events that are driven by narratives, like the U.S. election. A instructional step-by-step guide for the Trump perp market is provided for individuals. With great pleasure, the dYdX Foundation announces the launch of Trump Prediction Market Perpetuals on dYdX, which gives traders the exclusive opportunity to use sophisticated order types on Donald Trump’s prospects of winning the 2024 U.S Presidential Election. On October 9, the dYdX Community added this unique market via a governance procedure. Users may magnify their holdings and expand their exposure to one of the year’s most anticipated political events by trading wagers on the result of the U.S. election in a completely decentralized and non-custodial environment. In order to possibly increase their gains, traders who are optimistic about Trump’s prospects might take long bets, while those who are pessimistic can short the market. The Trump Perpetual Prediction Market’s salient features include: Perpetual Leverage Trading: In a perpetual market, users may use leverage to hold positions without expiration and modify trades in response to changing election conditions. Advanced Risk Management: The platform gives traders more control over high-stakes political markets by supporting essential risk management tools like take-profit and stop-loss orders. Real-Time Settlement: If Trump prevails on November 5th, the underlying TRUMPWINYES market on Polymarket is anticipated to settle to $1; if not, it is anticipated to settle to $0.00001. Why Trade Perpetual Prediction Markets? dYdX gives traders a new method to interact with events that are driven by narratives, like the U.S. election, by fusing prediction markets with perpetuals. Users may maintain positions in perpetual markets for long periods of time, giving them flexibility when new events occur. Although traders should always take into account the dangers involved, the potential to magnify transactions using advanced order types offers additional opportunities for bigger gains. How to Begin: Go to dYdX: Find out more about the new Trump prediction market perps at https://dydx.trade/trade/TRUMPWIN-USD. Link Your Wallet: To fund your account, connect your wallet and deposit USDC. Place Order: Depending on your assessment of Trump’s chances of winning the election, choose to go long (Trump wins) or short (Trump loses). This instructional step-by-step guide for the Trump perp market is provided for individuals who are not acquainted with trading perpetuals, and it walks users through the whole procedure. What Comes Next? The dYdX Community may permissionlessly introduce more leveraged prediction markets on a range of real-world events, including global elections, sports, and cultural events, in addition to the Trump Prediction Market Perpetuals. The decentralized architecture of the platform would provide a wider variety of trading options for the dYdX Community as a result of this growth. Disclaimer: This is not financial advice. Cryptocurrency trading has a risk of loss and may be very volatile. Retail investors may find investing in crypto-assets inadequate and unregulated. Conduct independent investigation and due diligence before to participating in any cryptocurrency-related activity. In the United States and other restricted areas, dYdX is not accessible to U.S. users.

Layer 1 blockchain protocol Sui (SUI) has made headlines recently, recording an impressive 120% increase over the past 30 days, allowing the protocol’s native token SUI to outperform the top 10 largest cryptocurrencies on the market, culminating in a new all-time high of $2.35 on October 13. However, since this peak, the token has retreated by nearly 5%, largely due to growing concerns over allegations of insider selling among the project’s stakeholders. Can SUI Match Solana’s Success? Market expert LightCrypto took to social media platform X (formerly Twitter) on Sunday to express his skepticism about the sustainability of SUI’s recent gains. In a lengthy post, he noted SUI’s substantial rise, which has quintupled from its previous lows of $0.5 on August 5, amid the broader market crash that occurred that day. While the market appears to be eager for new winners, with macroeconomic conditions pointing to further price gains, LightCrypto raised two critical points that could undermine SUI’s upward trajectory. Firstly, the expert questioned the rationale behind SUI’s current $23 billion fully diluted valuation (FDV), particularly when compared to Solana’s $73 billion according to Coingecko data. LightCrypto argued that it no longer makes sense to assume SUI can replicate Solana’s success, especially given that it currently trades at just a quarter of Solana’s market valuation. The expert further challenged the community to articulate a compelling risk-reward scenario that justifies such a disparity, asking whether SUI has demonstrated even a fraction of Solana’s potential. Potential Market Correction Looms Secondly, LightCrypto alleged the worrying trend of insider selling, indicating that insiders, including what is believed to be a large endowment fund, have dumped around $400 million in tokens during the recent rally. The expert noted that this selling trend has not only occurred at higher price levels, but has also been ongoing since much lower valuations. Ultimately, LightCrypto believes that the acceleration of these sales may create a disconcerting atmosphere for retail investors, who may be buying tokens from those best informed about their true value. The implication is stark: as these supposed insiders cash out while retail investors chase momentum, the potential for a market correction looms large, potentially threatening the token’s current rally. Despite these allegations, SUI, currently trading at $2.24, continues to see significant investor interest in the token, with trading volume up 36% in Sunday’s session, valued at approximately $1.7 billion. Furthermore, regardless of LightCrypto’s troubling findings, corrections are normal after a token hits a new record high, with the clear example of Bitcoin (BTC), which has been unable to come close to that level since hitting a new record high of $73,7000. What is certain is that if the expert’s claims prove to be true, it could further exacerbate a potential correction in the SUI price, with the first major support level for bulls being the $2.046 area. Featured image from DALL-E, chart from TradingView.com

Metaplanet shares jumped 15.7% after acquiring 107 Bitcoin. The purchase reflects growing institutional interest in cryptocurrency investments. Shares in Japanese investment firm Metaplanet soared 15.7% on October 15, following the company’s announcement of its latest Bitcoin purchase. The firm confirmed it had acquired nearly 107 Bitcoin in a strategic move to diversify its investment portfolio, marking its continued interest in the digital asset space. Metaplanet’s decision to further invest in BTC comes at a time when cryptocurrency markets are showing signs of renewed strength, with Bitcoin recently seeing a rise in value. The acquisition positions Metaplanet as one of the growing number of traditional financial firms embracing cryptocurrency, signalling a broader shift in institutional sentiment toward digital assets. This purchase represents one of the firm’s largest forays into Bitcoin, reflecting its confidence in the long-term potential of the world’s largest cryptocurrency. Moreover, the announcement was met with enthusiasm from investors, pushing Metaplanet’s shares up nearly 16% in a single day of trading. Market analysts attribute this significant uptick to the firm’s forward-looking approach, as well as Bitcoin’s status as a hedge against inflation and economic uncertainty. Belief in Bitcoin’s Long-term Growth In a statement, Metaplanet’s CEO highlighted the rationale behind the acquisition, pointing to the resilience of Bitcoin as an asset class. “Our latest investment underscores our belief in the long-term growth trajectory of Bitcoin and its ability to complement our existing portfolio. As digital assets continue to mature, we see tremendous opportunity in this space,” the CEO said. The move aligns with a broader trend of institutional adoption of cryptocurrencies, with companies such as MicroStrategy and Tesla having made significant Bitcoin purchases in the past. Analysts suggest that Metaplanet’s acquisition may further bolster confidence among traditional investors and corporations in Japan, where cryptocurrency regulation is relatively progressive. As of now, Metaplanet has not disclosed any immediate plans for further Bitcoin acquisitions, but the company’s latest move signals its growing commitment to the crypto sector. Highlighted News Of The Day Sui Token’s Surge Overshadowed by Insider Selling Allegations

Eric Balchunas reveals Larry Fink’s full quote from BlackRock’s Q3 earnings call. Fink calls Bitcoin a core asset and compares it to gold. BlackRock CEO Larry Fink, during the Q3 2024 earnings call, described Bitcoin as a “core asset class,” signalling a major shift in the perception of cryptocurrencies by one of the largest asset managers in the world. Bloomberg ETF analyst Eric Balchunas shared Fink’s full quote from the earnings call, where Fink highlighted Bitcoin’s role as an alternative to traditional assets like gold. He also noted that Bitcoin could act as a hedge against inflation and global economic instability, marking a significant departure from his earlier skepticism. Fink emphasised that institutional interest in Bitcoin is growing, pointing to BlackRock’s involvement in the space with its Bitcoin ETF application. This ETF, if approved, could make Bitcoin investments more accessible, bringing the cryptocurrency closer to mainstream acceptance. Such developments will help Bitcoin transition from a speculative digital asset to a more widely recognized and used financial tool. The Future of Digital Assets in Finance In addition to Bitcoin, Fink also discussed the potential of Ethereum’s blockchain technology. He stated that Ethereum could play a significant role in transforming sectors such as decentralized finance (DeFi) and smart contracts. BlackRock is closely watching these developments, reflecting its broader interest in digital assets beyond just Bitcoin. Ethereum’s potential to reshape financial services is seen as a key aspect of the future of blockchain technology. Balchunas’ reveal of Fink’s full quote underscores the importance of these statements for the crypto industry. With BlackRock’s involvement, digital assets are increasingly integrated into institutional portfolios. This could lead to broader adoption and acceptance of cryptocurrencies, further solidifying their role in the global financial system. Fink’s statements also highlight the ongoing shift within the financial industry toward digital assets, as cryptocurrencies continue to gain traction.

The foundation received a donation of 432 trillion ELON tokens from Vitalik Buterin. They have added 83 trillion tokens to Uniswap’s liquidity pool. The crypto market’s prolonged battle to break the bearish pressure continues, with certain signs of recovery from recent downturns. It drove the overall market cap to $2.29 trillion, spiked over 2.20% in the past 24 hours. The leading cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), have gained over 2%. Amid this, blockchain analytics has reported that the Methuselah Foundation, a nonprofit organization, began selling its ELON holdings. The foundation received 432 trillion ELON, accounting for 43% of the total supply, from Ethereum co-founder Vitalik Buterin in 2021 as a donation. Besides, they have added around 83 trillion tokens to Uniswap’s liquidity pool. It is expected to start selling once the ELON price exceeds $0.00001207. In 2021, Vitalik donated over $1 billion in crypto to the COVID relief fund and other charities. He has donated by offloading dog-themed meme tokens, Shiba Inu (SHIB), Dogelon (ELON), and Akita Inu (AKITA). The ELON tokens were transferred to the Methuselah Foundation with the aim that the foundation would manage them without destabilizing the market. Moreover, the foundation has announced that it will manage those holdings to maximize the token’s long-term value and advance its mission. Price Momentum of ELON The price of ELON is currently trading at $0.0000001523, after witnessing a gain of over 6% in the past 24 hours. The token’s daily trading volume has soared by 6.40% to $3.30 million, as per CMC data. Zooming in over the past seven days, the token has increased over 23.90%. The asset started trading at $0.000000123 and eventually it climbed up to $0.0000001326. Looking ahead, the asset’s upside correction may trigger the price to hit a high in the $0.00000016 range. Conversely, the asset could drop if the current momentum breaks down. It may fall back to a low of $0.0000001428. Highlighted Crypto News Sui Token’s Surge Overshadowed by Insider Selling Allegations

Sui token surged 120%, facing allegations of insider selling. Sui Foundation denied insider sales, attributing them to infrastructure partners. The Sui (SUI) token has seen a remarkable rally, gaining over 120% in the past month to trade at $2.25 as of October 14. This surge, while impressive, has stirred controversy, as allegations of insider selling have surfaced, casting a shadow over the token’s performance. Crypto analyst Light, in a post on X (formerly Twitter), claimed that wallets linked to Sui’s initial coin offering (ICO) sold more than $400 million worth of SUI tokens during the recent price increase. Light also suggested that this selling began when prices were lower and intensified as the token surged. This has raised concerns among investors, as large-scale sales by insiders or early holders can put downward pressure on a token’s price, potentially destabilising its rally. Meanwhile, in response to these allegations, the Sui Foundation issued a statement on October 14 denying any involvement in insider selling. The foundation clarified that no insiders—such as employees, founders, or investors—had sold tokens during the rally or violated any lockup agreements. They attributed the sales to an infrastructure partner operating within the agreed lockup schedule, emphasizing that all token movements were compliant and monitored. Upcoming Token Unlock Set to Add Selling Pressure Adding to the situation, another potential wave of selling could occur soon. On October 23, $114 million worth of SUI tokens, representing around 2.32% of the circulating supply, are set to be unlocked. This event could further increase selling pressure on the token. Despite these concerns, SUI has gained more than 164% year-to-date. Some analysts see the Sui blockchain emerging as a strong competitor to Solana, another prominent Layer-1 blockchain. However, investor caution remains, as further large-scale sales could impact the token’s future trajectory. As the debate continues, market watchers will closely monitor both insider activity and the upcoming token unlock event to gauge the token’s sustainability amid the ongoing rally. Highlighted News Of The Day USDT Issuer Tether Eyes Commodities Traders with US Dollar Lending

Kamala Harris has stated her plans to release pro-crypto policies on winning the elections. The vice president has shown uncertainty about the policies in her campaigns. As the US Elections draw closer, the crypto community is waiting with bated breath to witness the regulatory reforms. However, they have also been observing the candidates’ approach to digital assets to reaffirm their political stance. While the Republicans have taken the lead in this regard, the Democrats continue to show uncertainty. Notably, Democrat presidential candidate Kamala Harris revealed her Opportunities Agenda Speech in a recent campaign. The Opportunities agenda is mainly focused on Black men in America. The vice president briefly mentioned cryptocurrency about the Black men investing in the assets rather than the digital assets itself. The agenda states that 20% of the black community owns crypto and thus Harris plans to encourage such “new technologies”. Due to these reasons, the Kamala Harris government will look into regulatory frameworks, read the agenda. The Opportunities Agenda stated: This has elicited mixed reactions from the community. While certain members have seen the VP’s statement as an outward support for crypto, others have raised skepticism. They state that Kamala Harris doesn’t delve into details when discussing crypto and other digital assets. How Has Kamala Harris Approached Crypto So Far? Previously, over the last few months of the US elections campaign, Kamala Harris has reorganized the Democrats’ approach to cryptocurrency. After Biden’s moderate and unclear crypto stance, Harris had voiced explicit support for cryptocurrency. However, the Vice President has not gone beyond stating the obvious support. In August, during the Democratic National Convention (DNC), she announced policies that would support crypto. These announcements, while reassuring to the community, have not succeeded entirely. The leader’s lack of detail and obscure statements have been a source of concern to them. Bitwise CIO, Matt Hougan has raised such concerns. Meanwhile, the Republican candidate, Donald Trump has been endorsing crypto majorly with his latest initiative World Liberty Financial. The DeFi project is set to release its token this week. Highlighted Crypto News Today: USDT Issuer Tether Eyes Commodities Traders with US Dollar Lending

The crypto market is showing a drastic price surge. Among them are three top cryptos, they are NEIRO, XRP, MATIC, and RXS. 1. NEIRO $NEIRO is a new cryptocurrency with a total supply of 1 billion tokens, offering zero buy/sell tax and no team tokens, which suggests a community-driven approach. It promotes itself as the next big opportunity in the crypto space, drawing comparisons to Dogecoin’s rise. 2. XRP (XRP) XRP is Ripple’s native digital asset that aims to interconnect traditional financial institutions and cryptos by offering a seamless cross-border payment solution. 3. Polygon (MATIC) Polygon is a Layer 2 scaling solution for Ethereum, developed to develop the network’s performance by improving transaction speeds and reducing costs. 4. Rexas Finance (RXS) Rexas Finance is the user’s gateway to the future of asset management. Rexas Finance enables users to own or tokenize digitally any real-world asset, from real estate to commodities, on a worldwide scale. With Rexas Finance, users can gain a market with endless asset investment opportunities. Rexas Token Builder: It is normally used to tokenize their real-world assets and commodities. To make it easy for individuals to get digital ownership and offer access to the global market. Rexas Launchpad: This feature helps the asset owners to raise funds for their tokenized assets, offering liquidity and new investment options for the crypto users. Rexas Estate: The project’s one of the most exciting features is Rexas Estate which enables crypto users to co-own the real-world assets and earn passive income in stablecoins. Rexas GenAI & DeFi: It is mainly utilized by artists who can use Rexas GenAI to develop and tokenize digital artworks, while Rexas DeFi allows users to easily swap digital assets across multiple networks. Rexas Treasury: A multi-chain yield optimizer that enables users to earn compound interest on their crypto deposits, which adds one more layer of financial utility to the project. Rexas Finance began the presale of the native token RXS on September 8, 2024. The total supply of RXS tokens is 1 billion. Rexas project has raised over $2.75M until now, with the third presale stage over. This event is important for the platform as it allows early investors to engage in what might turn into a revolutionary solution for RWA tokenization. Rexas Finance’s $1M Giveaway is live, offering a huge chance for early adopters to join the project’s growth. With strategic investments, these coins could be the ticket to a massive return during the next market cycle. About Rexas Finance (RXS) Rexas Finance is the user’s gateway to the future of asset management. Rexas allows users to own or tokenize virtually any real-world asset, from real estate and art to commodities and intellectual property worldwide. With Rexas, users gain access to a world where asset liquidity and investment choices are boundless. For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research.

Bitcoin (BTC), the largest cryptocurrency by market capitalization, started the third week of October with a 6% daily surge. BTC’s performance has fueled bullish sentiment among crypto investors and market watchers, who suggest it might be ready to move to $70,000. Bitcoin Reclaims Key Support Levels Bitcoin began the week reclaiming key resistance levels after a 6% surge from Sunday’s price. This performance saw BTC move from the $62,000 support zone to retest the $66,000 support area on Monday morning. Following the recent performance, Bitcoin’s October returns so far have turned green with a 3.17% monthly return, according to Coinglass data. Crypto analyst Rekt Capital highlighted Bitcoin’s recent movements, noting that BTC has been able to reclaim a 2-month downtrend as support. Per the analyst, the flagship cryptocurrency has retested a downtrend line dating back to late July since October started. BTC successfully retested and bounced from the trendline for two consecutive weeks, turning the range into support. Additionally, the analyst pointed out that Bitcoin has performed several successful retests, including a “volatile retest” of the 21-week Bull Market Exponential Moving Average (EMA). “Notice how the bottom of the green boxed area is confluent with the July Downtrend retest and the retest of the 21-week EMA is confluent with the top of the green box,” the analyst added. Similarly, Ali Martinez highlighted that BTC is currently making another attempt to reclaim the 200-day Moving Average after four consecutive rejections in the past two months. BTC Challenges August Highs Rekt Capital noted that BTC has solidified the $58,000-$61,000 range as a support area throughout the year: “It has done so at a Higher Low compared to last month’s downside wicking lows as well as August’s downside wicking lows.” Moreover, the analyst stated that Bitcoin challenged August highs, at around $64,200, after the recent retests of the key levels. He suggested that BTC’s recent movements are a “clear sign” that August’s level is “weakening as resistance.” Rekt Capital pointed out BTC is retesting the multi-month weekly downtrend channel top, which is also weakening as resistance. The flagship cryptocurrency successfully tested the channel’s range lows as support this month. The range lows have been 7-month confluent support with the previous all-time high (ATH) area. Nonetheless, the analyst noted that BTC must have a weekly close above the downtrend channel’s top to break out of this pattern. A weekly close above August highs, followed by a successful retest of this level, would “pose a significant buy-side pressure on the Downtrending Channel Top,” which could be accelerated if BTC’s daily close sits above $64,200. Moreover, a daily close above $65,000 and a successful reclaim of the range as a support zone could send BTC’s price toward the $70,000 resistance zone. The analyst noted that whenever Bitcoin closed the day above this level, the cryptocurrency moved within the $65,000-$71,350 range in the following days. As of this writing, BTC is trading at $65,812, a 4% and 10.3% surge in the weekly and monthly timeframes.

An analyst has explained how Ethereum could see a run toward the $6,000 level if this historical pattern continues to hold for the asset’s price. Ethereum Ascending Channel Could Reveal Its Next Destination In a new post on X, analyst Ali Martinez has discussed a pattern that the 1-week price of Ethereum has potentially been following during the last couple of years. The pattern in question is the “Ascending Channel” from technical analysis (TA), which is a type of Parallel Channel. In a Parallel Channel, the asset consolidates between two parallel trendlines, with the upper level connecting successive tops and the lower bottoms. These two levels are slopped upwards in the case of an Ascending Channel, as already hinted at by its name. Thus, an Ascending Channel only forms when the asset sets higher highs and lows. The lower level of the pattern can support the price, while the upper one may act as resistance. If either of these levels break, the asset could see a continuation of trend in that direction; a surge above the top line can be a bullish sign, while a drop under the bottom line can foreshadow a bearish outcome. There is also another type of Parallel Channel, called the Descending Channel, which works much in the same way as the Ascending Channel, except for the fact that it points downwards. Now, here is the chart shared by Martinez that shows the Ascending Channel that the 1-week Ethereum price could be trading inside right now: As displayed in the above graph, the 1-week Ethereum price has recently been retesting the bottom level of this potential Ascending Channel pattern. The analyst has highlighted what happened the last few times that the coin made a retest of this line. “Every bounce off this channel’s lower boundary has historically led to an average 130% price increase for Ethereum,” notes Martinez. Thus, if the Ascending Channel continues to hold for the cryptocurrency, it could benefit from another surge shortly “If this pattern holds, a similar move could push ETH to $6,000—provided the $2,300 support level stays intact,” says the analyst. This support level naturally corresponds to the channel’s bottom line, a drop beyond which could potentially invalidate the formation. Given this pattern forming in its weekly chart, It remains to be seen how the Ethereum price will develop in the coming months. ETH Price Ethereum has enjoyed a sharp 7% rally during the past 24 hours, which has taken its price above the $2,600 mark.

The global crypto trading competition, with record-breaking prizes, is the most exciting and accessible event in the series for newcomers and seasoned traders. Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced that registration for its global crypto competition World Series of Trading (WSOT) 2024 is now open. After its debut in 2020, where 135 teams and 12,368 participants battled it out for $1.27 million, this year’s competition is set to offer participants its largest prize yet. 10M USDT Prize Pool and Luxury Rewards In its fifth edition of the prestigious event, participants can enter the space from all corners of the crypto ecosystem, enjoy many exciting new features, and compete for exclusive rewards. WSOT 2024 offers competitors its largest prize pool, with 10,000,000 USDT in rewards just waiting to be won by aspiring traders. Whether challenging the competition as an invincible squad or racing solo, the bigger the prize pool, the more participants there are. With prizes like Rolex watches, World Trip Tickets, and a luxury yacht up for grabs, Bybit’s 2024 competition is set to take the competition series to a whole new level. WSOT 2024 Goes DeFi WSOT 2024 sets a new tone for the global competition series, integrating decentralized exchange (DEX) trading for the first time through the WSOT DEX Wave side campaign. As part of Bybit’s push toward decentralization, DEX Wave allows participants to vote for their favorite Web3 projects through a unique point-based voting system powered by Bybit’s Web3 DEX Pro platform. This year’s edition offers traders unprecedented flexibility, allowing them to compete from DEXs or centralized exchanges (CEXs). With DEX Wave, traders can access over 1 million decentralized tokens, including GameFi tokens, memecoins, and DeFi projects, while earning points by completing tasks and competing for a share of the 1,000,000 MNT prize pool. High scorers can also win from a daily prize draw of 200,000 MNT. Fair Competition Structure This year, the WSOT competition introduces a tiered structure that groups traders into lightweight, middleweight, and heavyweight categories based on the size of their capital. This new system ensures that all participants—newcomers and veterans alike—can compete fairly and let skill and strategy determine their success. Bybit’s Unified Trading Account (UTA) improves this equalizing mechanism further, allowing traders to use one main account and up to four subaccounts to significantly increase the odds of winning. Another key feature of WSOT 2024 is the inclusion of the ROI Reset Card, which allows traders to reset their profit and loss metrics and a second chance to recover from early setbacks. Combined, this year’s event’s new structure and key features deliver fair competition for all traders and set a new standard for all competitions in the crypto ecosystem. WSOT 2024 Registration Participants can now register for WSOT 2024 by ensuring they meet and maintain the threshold of a minimum balance of $500 in their Bybit UTA account. Traders can also improve their odds of winning in the WSOT 2024 lucky draw event by inviting friends to get involved. Squad Leader registration is open and will close on Oct. 9, 10 am UTC, Standard registration is open until Oct. 10, 10 am UTC, with late registration available until Oct. 20, 10 am UTC. The race is on from Oct. 10, 10 am UTC to Oct. 31, 10 am UTC. About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 53 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.To learn more about Bybit, please visit https://www.bybit.com Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

A recent report from centralized exchange (CEX) Blofin highlights a cautiously bullish sentiment among crypto investors, even as macroeconomic indicators and global market conditions continue to inject a degree of precaution into the market. Market Anticipates Limited Fed Rate Cuts According to the firm’s analysis, one significant factor influencing market sentiment is the surprisingly positive Consumer Price Index (CPI) data for September, which has altered expectations regarding future interest rate cuts by the US Federal Reserve (Fed). Currently, the market anticipates that the Fed will implement a total of only 45 basis points (bps) in rate cuts for the remainder of the year. Moreover, the options market suggests that there may be just one additional rate cut in 2024, likely a 25 bps reduction, followed by a pause in early 2025. This outlook aligns with prior analyses by Blofin, which indicate that the Fed’s capacity for further cuts has diminished, indicating a shift from aggressive liquidity injections to a more measured approach. However, the recent CPI surprise has also intensified market uncertainty, as reflected in the MOVE index, which tracks volatility in Treasury yields. This index surged to its highest level since June 2024, signaling heightened apprehension among investors. Concurrently, volatility indices for other assets have also increased, highlighting a broader trend of rising uncertainty. Despite these challenges, both the US Dollar Index (DXY) and US equities have demonstrated resilience, maintaining strength even amid shifting economic conditions. Yet, a notable decline in equity risk premiums suggests a growing complacency among investors or a diminished reward for taking on equity risk. This reduced premium could expose the market to greater vulnerabilities in the event of unforeseen shocks. Optimism Grows In Crypto Options Market In the crypto space, recent price movements have been notable, with Bitcoin (BTC) and Ethereum (ETH) experiencing significant surges. Analysis from GEX points out that there are currently no clear resistance levels in the market, suggesting that price movements might continue without substantial barriers. However, the exchange noted that this lack of structural support also underscores the market’s “inherent fragility.” They contend that if investor sentiment were to shift, the current price levels could be difficult to maintain. Additionally, the options market has seen a shift in skewness toward a more optimistic position, though it remains within a neutral range. This change indicates a growing confidence among crypto investors, albeit without overwhelming bullish sentiment. Notably, tail risk pricing has been on the rise since the end of September. Overall, this trend reflects investors’ concerns about potential “extreme negative events,” underscoring that, despite the recent rally seen in the crypto market, uncertainties surrounding future Fed rate cuts and broader macroeconomic conditions continue to weigh heavily on sentiment. At the time of writing, Bitcoin is trading at $65,970, up more than 5% in the 24-hour time frame. Featured image from DALL-E, chart from TradingView.com

The Bitcoin price is rising, reaching as high as $66,173 today; the asset appears to have hit a milestone behind the scenes. According to a CryptoQuant analyst, EgyHash, Bitcoin’s open interest—a measure of the total number of outstanding derivative contracts—has reached a new all-time high. This development signals heightened activity in the Bitcoin market and suggests strong sentiment among traders. Detailing The Open Interest ATH In a post on the CryptoQuant QuickTake platform, EgyHash detailed the significance of this new peak in Bitcoin’s open interest. The analyst noted, “Bitcoin’s open interest has reached a new all-time high of $19.8 billion. Additionally, funding rates have hit their highest positive levels since August, indicating that much of this open interest is skewed toward long positions.” Notably, the rise in open interest and increasing funding rates point to a bullish outlook among traders, signaling their confidence in Bitcoin’s continued upward movement. EgyHash further emphasized that this trend in the derivatives market reflects a growing influx of liquidity and increased attention in cryptocurrency. While Bitcoin’s open interest has been climbing, the asset’s price has also seen significant upward movement. Over the past 24 hours, Bitcoin’s value increased by 5.1%, trading at $65,655, following a brief rally to over $66,000. This price increase has been accompanied by a notable rise in Bitcoin’s overall market capitalization, which currently stands at $1.297 trillion, up from $1.175 trillion just last week. Bitcoin’s trading volume has also surged, doubling from below $20 billion over the weekend to over $40 billion today. Bitcoin Price Outlook The rising market activity and price gains have led several crypto analysts to weigh in on Bitcoin’s future trajectory. One prominent analyst, Trader Tardigrade, shared his bullish outlook, revealing that there has been a breakout in Bitcoin Stochastic. According to Tardigrade, this breakout has the same pattern as the previous cycle. The analyst added: “The breakout point indicates the local bottom at the root of a MASSIVE Parabolic RALLY. Send $BTC to $500k.” Despite the optimistic outlook from several traders, other analysts are urging caution. RektCaptal, another well-known figure in the crypto space, suggested that Bitcoin needs to secure a weekly close above its current downtrend channel to confirm a sustained breakout. He noted, “Bitcoin needs to Weekly Close above the black Downtrending Channel Top to finally break out from this Channel.” Featured image created with DALL-E, Chart from TradingView

In an October 14 announcement, Malta-based Samara Asset Group revealed plans to increase its Bitcoin (BTC) holdings through proceeds from a $32.8 million bond issuance. Samara Targets 1,000 Bitcoin Milestone Publicly-listed asset management firm Samara announced it had mandated investment bank Pareto Securities as a sole manager to schedule a series of fixed-income investor meetings to potentially issue up to a €30 million or $32.8 million Nordic bond. Notably, the proceeds from the bond issuance will be utilized toward expanding Samara’s existing investment portfolio by acquiring additional limited partnership stakes in alternative investment funds. Additionally, the funds raised will help Samara boost its Bitcoin holdings. The firm confirmed it uses BTC as its “primary treasury reserve asset,” and currently holds “around 421 BTC,” according to CEO Patrick Lowry. Commenting on the development, Lowry said: He added that Samara has been holding BTC “for years” and aims to increase its reserves while investing in disruptive technology. Lowry also mentioned that, while it may be challenging, it would “be a dream to stack as much as Michael Saylor,” CEO of MicroStrategy. According to data from CoinGecko, MicroStrategy leads the global list of publicly traded companies purchasing BTC for their corporate treasury. As of October 14, MicroStrategy holds more than 252,000 BTC or approximately 1.2% of the total circulating supply. Saylor has also been quite vocal about sharing ambitious Bitcoin price targets. In September 2024, the MicroStrategy CEO predicted that BTC could soar to as high as $13 million by 2045. BTC Remains The Preferred Digital Asset Ahead Of ETH, SOL Despite the rapid advancements in smart contract ecosystems like Ethereum (ETH) and Solana (SOL), Bitcoin remains the dominant choice for companies as part of their treasury management strategy. Several factors contribute to Bitcoin’s dominance in institutional adoption. For instance, the US Securities and Exchange Commission’s (SEC) approval of Bitcoin exchange-traded funds (ETFs) has further cemented BTC as a reliable digital asset with regulatory clarity. Although Ethereum ETFs have also received regulatory approval, the second-largest cryptocurrency by market cap has not seen the same level of institutional adoption in corporate balance sheets. In related news, Japan’s Metaplanet has also been working toward bolstering its Bitcoin reserves. In September 2024, the early-stage investment firm stated it had bought an additional $2 million worth of BTC. Bitcoin trades at $65,995 at press time, up 6.1% in the last 24 hours.

Bitcoin Cash price started a major increase above the $350 resistance. BCH is consolidating and might aim for more gains above the $385 resistance. Bitcoin cash price started a fresh increase above the $350 level. The price is trading above $365 and the 100-hour simple moving average. There is a connecting bullish trend line forming with support at $355 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair could start another increase if it clears the $380 resistance zone. Bitcoin Cash Price Starts Fresh Surge After forming a base above the $315 level, Bitcoin Cash price started a fresh increase. BCH outpaced Bitcoin and Ethereum to gain over 20%. There was a clear move above the $350 resistance zone. The price even surpassed $365 and tested the $385 resistance zone. A high was formed near $385.95 and the price is now correcting gains. There was a minor move below the $375 level. The price dipped and tested the 23.6% Fib retracement level of the upward move from the $318.02 swing low to the $385.95 high. Bitcoin cash price is now trading above $365 and the 100-hour simple moving average. There is also a connecting bullish trend line forming with support at $355 on the hourly chart of the BCH/USD pair. The trend line is close to the 50% Fib retracement level of the upward move from the $318.02 swing low to the $385.95 high. Immediate resistance on the upside sits near the $380 level. A clear move above the $380 resistance might start a decent increase. The next major resistance is $385, above which the price might accelerate higher toward the $400 level. Any further gains could lead the price toward the $420 resistance zone. Fresh Drop in BCH? If Bitcoin Cash price fails to clear the $380 resistance, it could start a fresh decline. Initial support on the downside is near the $365 level. The next major support is near the $355 level or the trend line. If the price fails to stay above the $355 support, the price could test the $340 support. Any further losses could lead the price toward the $332 zone in the near term. Technical indicators 4-hour MACD – The MACD for BCH/USD is losing pace in the bullish zone. 4-hour RSI (Relative Strength Index) – The RSI is currently above the 50 level. Key Support Levels – $365 and $355. Key Resistance Levels – $380 and $385.

XRP price is moving higher above the $0.5350 support. The price tested the $0.5550 resistance and seems to be struggling to continue higher. XRP price is attempting a fresh increase above the $0.540 zone. The price is now trading above $0.5420 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.5400 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could trim most gains if it fails to stay above the $0.540 support zone. XRP Price Revisits Resistance XRP price remained stable above the $0.5320 support. A base was formed and the price started a fresh increase above $0.5400 like Bitcoin and Ethereum. The price climbed above the $0.5450 and $0.550 resistance levels. However, the bears are active near the key range resistance at $0.5550. A high is formed at $0.5550 and the price is now correcting gains. There was a move below the $0.550 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.5252 swing low to the $0.5550 high. The price is now trading above $0.540 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.5400 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $0.5540 level. The first major resistance is near the $0.5550 level. The next key resistance could be $0.5650. A clear move above the $0.5650 resistance might send the price toward the $0.5800 resistance. Any more gains might send the price toward the $0.5880 resistance or even $0.600 in the near term. The next major hurdle might be $0.6120, where the bears might emerge. Another Decline? If XRP fails to clear the $0.5550 resistance zone, it could start another decline. Initial support on the downside is near the $0.5440 level and the trend line. The next major support is near the $0.5400 level or the 50% Fib retracement level of the upward move from the $0.5252 swing low to the $0.5550 high. If there is a downside break and a close below the $0.5400 level, the price might continue to decline toward the $0.5320 support in the near term. The next major support sits near the $0.5220 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.5440 and $0.5400. Major Resistance Levels – $0.5540 and $0.5550.

After a brief dip below the $60,000 mark on October 10, Bitcoin (BTC) has regained momentum, inching closer to its all-time high (ATH) of $73,700, reached in March of this year. This price recovery follows considerable volatility experienced by the largest cryptocurrency on the market throughout the year, with significant price swings, including sharp falls of almost 20% on 5 August and 6 September. Despite these setbacks, indicators suggest that the bull run that investors have been anticipating for the last quarter of the year may still be on the horizon. Crypto analyst Ali Martinez recently highlighted BTC’s recovery just below the $66,000 mark, stressing that if this level can be maintained in the coming days, further gains could be in store. Historical Patterns Suggest Bitcoin Could Surge Past $70,000 In a series of posts on social media platform X (formerly Twitter), Martinez pointed out that Bitcoin is once again attempting to break through the critical 200-day moving average (MA), which currently sits between $63,000 and $64,000 on the daily chart. The analyst noted that after four previous rejections at this level this year, Bitcoin’s repeated attempts to break above this level could signal a significant turning point for the upcoming price action. Martinez also highlighted a historical pattern: each of the last three times Bitcoin successfully broke above the 200-day moving average, it led to parabolic bull runs. This suggests that if Bitcoin can consolidate above this key level for the remainder of the month, the likelihood of exceeding the $70,000 mark for the first time in nearly three months increases significantly. Looking ahead, the analyst has set a target of $78,000 for Bitcoin in the near term. Historical Trends And Election Dynamics Fuel Optimism Bloomberg recently highlighted Bitcoin’s price recovery, linking it to improving expectations around the US regulatory landscape for cryptocurrencies, particularly in the wake of the upcoming presidential election. Democratic nominee and Vice President Kamala Harris announced her commitment to establishing a supportive regulatory framework for crypto, coinciding with outreach efforts aimed at Black male voters as election day approaches. In contrast, Harris’ Republican rival Donald Trump has positioned himself as a strong advocate for the digital asset industry, including promises to make changes to the US Securities and Exchange Commission (SEC) and to establish a Bitcoin reserve for the nation, which Bloomberg believes could resonate with voters in a close race. Noelle Acheson, author of the Crypto Is Macro Now newsletter, noted that recent market movements appear to be election-driven. Initially, Bitcoin’s uptick was influenced by Trump’s lead in prediction markets and polls. This was followed by favorable comments regarding crypto from the Harris campaign, suggesting a less restrictive approach compared to the current Biden administration. Although specifics of Harris’s crypto policy remain unclear, the sentiment indicates a potential shift toward a more positive regulatory environment. In addition, October has historically been a strong month for BTC, with the cryptocurrency gaining an average of 20% during this time over the past decade. Sean Farrell, head of digital asset strategy at Fundstrat Global Advisors LLC, pointed out that historical trends suggest that this seasonal strength is typically more pronounced in the second half of the month, suggesting that BTC’s price could see further gains as the month progresses. At the time of writing, Bitcoin is trading at $65,970, up more than 5% in the 24-hour time frame. Featured image from DALL-E, chart from TradingView.com

Ethereum price started a fresh increase above the $2,500 resistance. ETH is up over 5% and might continue to rise if it clears the $2,650 resistance. Ethereum started a fresh increase above the $2,500 and $2,550 resistance levels. The price is trading above $2,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $2,52 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rally if it clears the $2,620 and $2,650 resistance levels. Ethereum Price Jumps Over 5% Ethereum price formed a base above the $2,400 level and started a fresh increase. ETH cleared the $2,450 and $2,500 resistance levels to move into a positive zone, beating Bitcoin. The bulls even pushed the price above the $2,600 level. A high was formed at $2,650 and the price is now consolidating gains. The price is stable above the 23.6% Fib retracement level of the upward wave from the $2,442 swing low to the $2,650 high. Ethereum price is now trading above $2,550 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support near $2,52 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $2,640 level. The first major resistance is near the $2,650 level. A clear move above the $2,650 resistance might send the price toward the $2,720 resistance. An upside break above the $2,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,800 resistance zone in the near term. The next hurdle sits near the $2,880 level or $2,920. Another Decline In ETH? If Ethereum fails to clear the $2,650 resistance, it could start another decline. Initial support on the downside is near the $2,600 level. The first major support sits near the $2,520 zone and the trend line or the 61.8% Fib retracement level of the upward wave from the $2,442 swing low to the $2,650 high. A clear move below the $2,520 support might push the price toward $2,450. Any more losses might send the price toward the $2,400 support level in the near term. The next key support sits at $2,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,600 Major Resistance Level – $2,650