Saylor has lofty ambitions of making the company the largest Bitcoin bank. The price of Bitcoin might be influenced by this, which could be a factor of strong demand. The founder and executive chairman of MicroStrategy, Michael Saylor, recently shared his bold plans for the future of the firm in an interview. He has lofty ambitions of making this company the largest Bitcoin bank. The price of Bitcoin might be influenced by this, which could be a factor of strong demand. If this plan works, more and more companies will integrate Bitcoin into their financial processes. Which would boost Bitcoin’s credibility in international markets. Banking on Bitcoin Moreover, a major shift in the potential engagement of institutional actors with Bitcoin might be triggered by MicroStrategy’s declaration of its transition into a Bitcoin bank. As the corporation continues to amass vast quantities of Bitcoin, its aggressive purchase approach has the ability to boost demand for the cryptocurrency, which might lead to a rise in its price. More institutional investors may be interested in Bitcoin if it were positioned as a crucial financial instrument. Which would increase its market value and ensure its price stability in the long run. There is a greater emphasis on Bitcoin’s long-term positioning as an asset when the function of borrowing money to purchase additional Bitcoin is emphasized instead of lending it out. At its present price of $197.45, the stock of MicroStrategy is drawing toward a crucial breakthrough mark beyond $200. Buyer interest is high, and if historical tendencies continue, Bitcoin’s price may rise as well. Furthermore, Michael Saylor claims that the largest Bitcoin bank will create various financial products backed by Bitcoin. These includes stocks, convertible bonds, preferred shares, and fixed-income instruments. Highlighted Crypto News Today: Binance Coin Fails To Reach $600 Level: What’s Next For BNB?

Celestia (TIA) has displayed a remarkable performance over the week, swiftly recovering from the early October crash. The token is now leading the crypto market’s recovery in the daily timeframe, suggesting a possible continuation of its bullish momentum before the month ends. Celestia Leads The Crypto Market TIA, the native token of modular blockchain Celestia, has seen a 7.3% surge in the past week. The cryptocurrency recovered from the October 3 lows, moving from the $4.5 support level to trade above the $5 mark this Friday. Celestia has been on a downtrend since hitting its March all-time high (ATH), suffering a brutal 80% correction from $20 to $4 in the past six months. September’s retrace dragged TIA below the $4 mark, registering its lowest price since early November 2023. However, the token’s Q3 retraces didn’t alarm many investors who considered Celestia’s on-chain developments a potential bullish sign. Since then, the cryptocurrency has seen a 40.1% monthly increase, fueling the bullish sentiment among the community. Today, TIA registered eight hourly consecutive green candles, propelling the price 14% from the $4.9 zone to the $5.6 resistance level before retracing to the $5.5 mark. Throughout the morning, the token has hovered between $5.50-$5.55, recording a 16.3% surge in the past 24 hours. This performance crowned Celestia as the largest gainer among the top 100 cryptocurrencies by market capitalization, only followed by Worldcoin (WLD), Dogwifhat (WIF), and Popcat (POPCAT). Is A Big Move Coming For TIA? Several market watchers note Celetia’s performance, suggesting that the cryptocurrency’s chart hints a breakout may be around the corner. To crypto analyst Yuriy, TIA’s performance indicates a “big move is coming,” remarking that its open interest (OI) significantly increased in the past month. Meanwhile, crypto analyst Poseidon noted TIA’s 80% correction, asserting that we might be near the end of the “brutal downside trend.” To the analyst, the price’s 4-month range between $4-$7 looks like a potential bottom, which could signify the ongoing bullish momentum will continue. However, Poseidon asserted that TIA must reclaim the 50-day and 200-day exponential moving average (EMA) to call the trend shift. Similarly, crypto trader Bluntz previously suggested that the cryptocurrency had bottomed, displaying an inverted head and shoulders pattern after the weekly recovery. Youtuber Crypto Jack noted that Celestia’s bounce from the $4.5 support zone targets the upper trendline of its 4-month consolidation range. To the analyst, the bullish momentum could send TIA above the $7 resistance level this month. Other analysts called it one of “the most tempting altcoins to buy,” setting targets above $10 for Celestia. Nonetheless, some noted that the upcoming token unlocks, set to start on October 30, could negatively impact TIA’s price.

Peter Brandt, a well-known veteran in the trading community, recently took to X to share a concerning outlook on Bitcoin price trajectory. Brandt’s warning comes amid a relatively stagnant performance by the leading crypto, failing to produce any decisive moves toward new all-time highs in recent months. Brand pointed out a historical pattern that could signal a 75% drop for Bitcoin. Reason Why A 75% Plunge Could Be Looming In his post, Peter Brandt pointed out that Bitcoin has been moving sideways for 30 weeks since its last all-time high (ATH). He referenced historical patterns, explaining that when Bitcoin fails to make a new ATH within this time frame, it typically experiences a decline of over 75%. Brandt emphasized the importance of Bitcoin breaking out soon, suggesting that a significant drop might follow if it doesn’t. He also mentioned that markets that don’t show upward momentum often struggle to do so. However, he made it clear that this was an observation based on historical data rather than a prediction or personal opinion, noting: Bitcoin Performance And Fundamental Analysis Despite Brandt’s cautionary note, Bitcoin has regained ground after briefly dipping below $60,000. Today, Bitcoin is trading at $62,172, up 2.8% in the past 24 hours after touching a low of $58,982 yesterday. While some traders remain hopeful that Bitcoin will continue its upward trajectory, others are growing concerned about potential volatility, especially given the historical patterns that Brandt has outlined. Data from the CryptoQuant platform further supports the notion of potential downside pressure. According to a recent analysis, BTC’s “Coinbase Premium Gap” has reached its lowest level since August, signaling a wave of selling activity. The Coinbase Premium Gap measures the difference between Bitcoin’s price on Coinbase (a US-based exchange) and other global exchanges. A positive premium typically indicates strong buying pressure from US investors, while a negative premium can reflect waning demand. The current negative premium could suggest that institutional interest in Bitcoin is declining, adding weight to Brandt’s observation that Bitcoin might be on the brink of a major correction. Featured image created with DALL-E, Chart from TradingView

Ethereum is flat at press time, moving inside a narrow $400 range with caps at $2,300 on the lower end and $2,800 as the upper limit. Even though investors are upbeat, expecting prices to soar in the coming sessions, uncertainty continues to engulf the market. Ethereum Finds Support At $2,300: Over 52 Million ETH Bought The second world’s most valuable coin is bearish, dumping by over 50% from July highs and unable to break the local resistance at $3,500. As traders closely monitor how price action pans out, one analyst has picked an interesting development from market data. Citing IntoTheBlock data on October 11, the analyst observes that over 52 million ETH has been acquired by traders at around the $2,300 level. Considering the amount of coins in the hands of traders at this price, this zone is the immediate support. As such, if buyers have the upper hand, lifting prices from this point, this level will anchor the uptrend. If sellers double down, as has been the case in the past few trading months, the probability of ETH dropping below Q3 2024 lows will be elevated. Presently, the sentiment is bearish, as seen in the CoinMarketCap poll. Over 65% of ETH holders and traders expect prices to struggle in the short term. Therefore, how prices react at the local support will shape the short to medium-term formation. A surge, lifting ETH above $2,800, will be crucial in driving demand, providing the much-needed tailwinds for optimistic traders. USDT, USDC, And Stablecoin Market Cap Falling: Is Buying Power Dwindling? Although optimism is high, other related market data points to weakness. Over the past few trading weeks, the market capitalization of stablecoins like USDT and USDC has been falling. As of October 10, the analyst notes it was down $780 million from recent swing highs, pointing to a possible drop in buying power. Usually, whenever USDC, USDT, and even DAI move to centralized exchanges, more users are keen on buying crypto assets, including ETH and BTC. However, if there is an outflow or its market cap dwindles, it may mean that more users are cautious and closely monitor events before committing. Typically, more coins, including stablecoins, tend to find their way to centralized exchanges when there are concerns about market prospects. Such inflows tend to precede a market-wide correction. For now, inflows of ETH to centralized exchanges have not been picked. However, what’s been happening is that more holders have been staking. By mid this week, market data revealed that over 34 million ETH remain locked, earning holders a 3.3% APY.

Bitcoin is currently hovering above a key support level, and any minor selloff triggered by a group of traders could potentially snowball into a wave of intense selling pressure. This fragile situation is underscored by data from the on-chain analytics firm Santiment, which revealed that over 30,000 BTC, valued at approximately $1.83 billion, has been transferred to crypto exchanges within a short period. Undoubtedly, such a huge amount of BTC entering crypto exchanges is problematic, especially in terms of a bullish outlook for the cryptocurrency. 30,000 BTC Sold In 72 Hours According to Santiment data highlighted by crypto analyst Ali Martinez, Bitcoin addresses holding between 1,000 BTC and 10,000 BTC have sold or redistributed around 30,000 BTC in the past 72 hours. Considering the current average price of Bitcoin, this comes out to about $1.83 billion worth of BTC exchanging hands. Exchange inflow data from IntoTheBlock, which tracks the activities of various holder cohorts, reveals that on October 8 alone, around 18,220 BTC was moved to exchanges. This was followed by an additional 16,000 BTC on October 9 and roughly 13,800 BTC on October 10. While not all inflows lead to immediate selloffs, high volumes of BTC entering exchanges often suggest that investors are positioning themselves for potential sales. This continued exchange inflow could signal a buildup of selling pressure, with market participants potentially preparing to liquidate their holdings in the near future. Bitcoin Under Increased Selling Pressure? On a positive note, the current selloffs are largely being driven by short-term holders, which has led to a shift in Bitcoin ownership. Many of the BTC being sold are being scooped up by long-term holders, who view the dip as an opportunity to strengthen their positions. This shift in ownership could stabilize the market, as long-term holders are typically less likely to sell going forward. Related Reading: Second XRP ETF Filing Hits The Market, How Did The XRP Price Respond? Moreover, exchange inflow data shows a gradual decline in the amount of BTC being sent to exchanges each day. This trend indicates that fewer investors are moving their Bitcoin into exchange wallets, which could be a sign that the recent wave of selloffs is losing momentum. In terms of exchange reserve, data from CryptoQuant shows a steady decline in the amount of BTC held on wallets controlled by crypto exchanges since the beginning of October. This decline in exchange reserves contradicts the fears of continued selloffs, as it implies there is less Bitcoin available for sale on exchanges. If this trend continues, it could further reduce the selling pressure and provide a more optimistic outlook for Bitcoin’s near-term recovery. At the time of writing, Bitcoin is trading at $60,854, establishing a price floor of around $60,000.

Rising roughly 200% since mid-September, Baby Doge Coin (BABYDOGE) has fundamentally rocked the digital currency market. Reaching early August, it has climbed an impressive 237% from its lowest price this year. The enthusiasm commenced when Baby Doge was listed on Binance. Such listings frequently generate excitement and attract interest in tokens, and BABYDOGE proponents are evidently capitalizing on this momentum. Baby Doge: Surpassing September Peaks Following its lows on September 6, Baby Doge experienced a 215% increase within three weeks, albeit undergoing a significant regression to test the $0.0018 level. This 33% decline was promptly rectified in the first week of October. Even as Bitcoin failed to breach the $64,000 barrier level, Baby Doge did even better with a 60% rise in just the same time frame. The rapid rises have also stoked online interest and more buyers are coming in hoping for higher profits. Recently, the Open Interest (OI) in Baby Doge has surged from $18 million to an impressive $39 million. The increase in open interest indicates that sentiment is decisively optimistic. The approximately 10% decline in the last 24 hours coincided with a reduction in open interest, indicating that traders are responding to the recent volatility. Speculative Sentiment And Price Forecasts Analysts express optimism on Baby Doge’s potential. Given its substantial community and the recent Binance listing, many anticipate that a price target of $0.0000000045 may be attainable in the forthcoming upward movement. Confidence is increasing, particularly as traders commence purchasing more, perhaps catalyzing more expansion. Currently, Baby Doge is viewed as bullish; according to the forecasts, the price is likely to rise by 227% and may reach $0.00000009113 by 10 November 2024. For the last 30 days, the coin has shown 18 green candles, denoting it has been in good form despite showing an unusually high volatility rate of 25%. But it’s not all rosy. The Fear & Greed Index is at 32, a fear signal in the market. That means even as there’s a possibility of expansion, the trader would need to be cautious since the mood can change in the market quite rapidly and external influences can significantly impact price changes. In the event that buying activity continues and optimism prevails, then we may see significant upside momentum. However, if selling pressure is becoming more marked or market conditions deteriorate, then perhaps a test at lower support levels may be encountered before any rally. Featured image from Finanznachrichten, chart from TradingView

BNB repeatedly fails to breach $606 and $618 resistance levels. Chaikin Money Flow at three-month low, indicating weak investor confidence. Price could drop to $533 if uptrend support fails, or rally to $606 if $569 flipped to support. Binance Coin (BNB) finds itself at a critical juncture as it grapples with persistent resistance levels at $606 and $618. For over two months, these price points have thwarted BNB’s attempts to break higher, leading investors to brace for potential bearish outcomes and adjust their positions accordingly. The overall macro momentum for BNB appears weak, as evidenced by the Chaikin Money Flow (CMF) indicator. Currently at a three-month low, the CMF signals waning investor confidence, reminiscent of levels last seen in June. This steep decline in the CMF suggests a significant outflow of funds from BNB, reflecting growing skepticism about the token’s ability to maintain its current price levels. BNB market sentiment turns bearish Market sentiment surrounding BNB has taken a decidedly bearish turn, as reflected in the negative funding rate. This metric indicates a prevalence of short positions in the futures market, with traders betting on further price declines. The combination of negative funding rates and increased outflows paints a picture of widespread pessimism, potentially setting the stage for a self-fulfilling prophecy of lower prices. Source: Coinglass Despite these bearish indicators, BNB has maintained an uptrend since early September. While it failed to breach the $606 resistance last month, the altcoin continues to test its uptrend line as support. This resilience in the face of broader market weakness offers a glimmer of hope for BNB bulls. Looking ahead, BNB’s price action hinges on its ability to hold the current uptrend line. A loss of this support could trigger a drawdown to the $533 level, a historical support that has withstood multiple tests. Conversely, a bounce off the uptrend line could propel BNB towards $606, provided it can flip the $569 level into support.

Just another day in the crypto world. Arbitrum sees a surge of transactions on its network, establishing itself as a leader among Layer 2 solutions. Meanwhile, XRP’s price has dropped significantly, and it might fall further if it doesn’t maintain important price levels. At the same time, BlockDAG is exceeding what was expected with its new BlockDAG Explorer. This tool lets developers and traders see in realtime how BlockDAG is performing. This week, the community watched BlockDAG’s presale zoom past $93.5 million. Arbitrum News: 1 Billion Transactions on Its Mainnet Arbitrum has stolen the spotlight again by reaching a major milestone—1 billion transactions on its mainnet. As the largest Ethereum Layer 2 option by total value locked, Arbitrum is growing fast and making big changes in the decentralized finance space. Its lower transaction fees and compatibility with Ethereum’s Solidity programming language have made it a popular choice. With $2.5 billion in total value locked, Arbitrum is at the forefront of Layer 2 solutions, showing great scalability and efficiency. This milestone emphasizes Arbitrum’s continued success and solid position in the Layer 2 market. Will XRP Price Fall Below $0.50? XRP’s price has dropped a lot, losing 20% in just four days amid wider market downturns. After peaking at $0.6650, XRP dropped to $0.52, breaking important support levels. This ongoing selloff brings the crucial $0.50 level into jeopardy as the downtrend gains strength. Technical tools like the MACD and EMA are giving negative signs, suggesting XRP might drop to $0.49. However, there could be a turnaround, where XRP challenges higher prices at $0.54 and $0.58. BlockDAG Stands Out as a Top Emerging Crypto BlockDAG is catching attention with its new BlockDAG Explorer, which is now up and running, giving users instant updates on what’s happening on the network. The Explorer’s dashboard shows everything you need to know about BlockDAG, like the number of blocks, transaction volume, and the current price of BDAG, which is at $0.0206. It has raised over $93.5 million and sold 14 billion coins since the presale started. The Explorer’s ability to monitor in realtime lets users easily keep an eye on network performance, providing essential data right when they need it. This tool is a musthave for anyone wanting to keep up with market changes and make wise choices. Blockchain developers are especially interested in the detailed analytics BlockDAG offers. The data from the Explorer shows the network’s potential, and having access to this realtime information is making BlockDAG a favorite for developers needing strong and scalable blockchain solutions. As more people and developers see the benefits of the BlockDAG network, it’s expected to become even more successful. With the Explorer, it’s easier than ever to understand the network’s details, setting BlockDAG up to be a major player in the blockchain world. Final Verdict The crypto world is always moving. Arbitrum has reached a huge milestone with 1 billion transactions on its mainnet, proving it’s a leading Layer 2 option and growing fast in the decentralized finance space. Meanwhile, XRP is facing a big price drop, and it might drop further if it doesn’t stay above important price levels. In the middle of all this, BlockDAG is making a name for itself as a highly promising crypto to consider. With the BlockDAG Explorer now live, it allows users to see network performance as it happens, making everything more transparent and accessible. Having already surpassed $93.5 million in its presale and heading towards $100 million, BlockDAG is offering an exciting chance for both traders and developers looking for a blockchain that truly has potential to grow. Join BlockDAG Presale Now: Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu 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.

BNB finds itself under renewed selling pressure as a recent recovery attempt falls short, leaving the cryptocurrency vulnerable to further losses. Despite a brief upward movement, BNB’s failure to break through key resistance levels has sparked concerns about a deepening decline. With technical indicators signaling potential weakness ahead, the question now is whether the token can regain its footing or if further losses are inevitable. As bearish sentiment intensifies, this analysis aims to evaluate the technical indicators signaling weakness in BNB’s price action and assess whether the asset can stage a recovery or face more declines. By exploring key support levels, market sentiment, and price trends, the goal is to determine BNB’s next move and the likelihood of a bullish reversal or sustained bearish momentum. Key Technical Indicators Flash Warning Signs BNB has recently entered pessimistic territory on the 4-hour chart, dipping just below the 100-day Simple Moving Average (SMA) and approaching the crucial $531 support level. This drop below the 100-day SMA indicates weakening strength, and with sellers taking control, the cryptocurrency faces the potential for more losses. An analysis of the 4-hour Relative Strength Index (RSI) shows that the signal line has dropped below the 50% threshold toward 42%, suggesting that buying pressure is waning, as the RSI moves deeper into bearish territory. Typically, an RSI reading below 50% implies that sellers are gaining control, which could lead to downward pressure on the price. After facing resistance at $587, BNB has shown significant downbeat movement on the daily chart, marked by the formation of a strong bearish candlestick. The price has now fallen toward the 100-day SMA, signaling mounting selling pressure. If the negative trend continues, BNB may experience additional declines, leading to a reduction in buying interest. Furthermore, a closer look at the RSI on the 1-day chart shows that the signal line has once again dropped below the 50% threshold, now sitting at 48%, after previously rising above it. Unless the bulls step in to shift momentum, the market could be set for more drops, as the current RSI level suggests weakening buying strength and heightened bearish control. Trading Strategy: Navigating BNB Bearish Pressure BNB’s recent price action indicates potential continued declines if downbeat momentum intensifies. If the price hits the critical $531 mark and closes below it, this could pave the way for further losses, possibly driving the asset down toward the $500 level. However, should buyers step in and regain control at the $531 level, there is a chance for a bullish reversal and the price will start moving upward toward the 605 resistance level, especially if the RSI shows signs of recovery.

The new company, along with the firm’s intentions to relocate, are set to start in November. Retail traders will be the primary target of the new derivatives exchange. Launching a crypto derivatives exchange to compete with Binance and other competitors is a possible next step for OpenAI-backed crypto company Arkham Intelligence. The new company, along with the firm’s intentions to relocate, are set to start in November. This is according to an unnamed source familiar with the situation. A large reorganization is in the works at the blockchain data firm that OpenAI co-founder Sam Altman and other investors support. Bloomberg said that it plans to relocate some of its operations to Punta Cana, Dominican Republic, from New York and London. Stiff Competition from Industry Giants Moreover, the firm has said that it would manage all of its operations, including its new venture out of Punta Cana. Retail traders will be the primary target of the new derivatives exchange. Soon, Binance may face competition from Arkham Intelligence’s derivatives exchange. When it comes to trading volume, Binance is widely considered to be the biggest spot and derivatives exchange in the world. Binance has a spot volume of $12.7 billion and a derivatives volume of $47.6 billion, according to statistics from CMC. It would take a lot of effort from Arkham Intelligence to compete with a company of this scale. Notably, the company has appointed executives with extensive expertise and understanding in cryptocurrency trading, which is a great start. Formed in 2020, Arkham Intelligence has served as a platform for blockchain analytics ever since. Its principal function is to identify the businesses and individuals driving crypto market activity by studying blockchain data. Pitchbook data shows that over the last four years, the firm has received investments from Bedrock, Binance Labs, Altman, and Draper Associates. Highlighted Crypto News Today: Worldcoin Announces Collaboration with Dune Analytics for World Chain

Dune would allow them to provide more resources and data to World Chain users. Moreover, developers and consumers may examine important on-chain metrics. On Friday, Worldcoin announced a partnership with Dune Analytics to improve data accessibility and transparency on its Layer-2 blockchain, World Chain. Worldcoin said that the agreement will allow developers and consumers to examine important on-chain metric. Including the amount of human interaction with the chain, the efficiency of DeFi protocols or DEXs built on World Chain, and other pertinent data points. Offering In-depth Analytics and Insights In a statement, Worldcoin said that the relationship with Dune would allow them to provide more resources and data to World Chain users. According to the project’s announcement, Dune will make on-chain data available to the Worldcoin community. By offering in-depth analytics and insights. Moreover, within the Superchain network of Layer 2 chains developed using the OP Stack, Ethereum secures World Chain, which was announced in April. One of the main reasons Worldcoin decided to move to its own chain was scalability. According to the project, World Chain can handle twice as much work as OP Mainnet. According to the project, more than 10 million World App users of Worldcoin will be able to migrate from their current base on OP Mainnet once the World Chain mainnet is operational. The original plan was to deploy the mainnet this summer. The Worldcoin initiative, spearheaded by Tools for Humanity, the organization run by OpenAI CEO Sam Altman, aims to ensure people’s “humanness” or “personhood” while “preserving their privacy” in an increasingly AI-powered digital era. Nearly seven million World IDs have been distributed by Worldcoin to people. Who have verified their humanity via the scanning of their eyes. Highlighted Crypto News Today: US PPI Inflation Data Hits 1.8% in September, Outpacing Forecasts

The crypto world is electrified with new developments, as some of the biggest players make headlines. Binance Coin (BNB) is showing unusual stability, Polkadot is about to roll out a game-changing upgrade, and BlockDAG is causing a stir with an explosive presale that’s hard to ignore. Let’s dive into what’s happening with these major players and why BlockDAG might be the breakout star of 2024. Binance Coin’s Unshakable Stability In a market famous for wild swings, Binance Coin (BNB) is trying to stay steady. Since late August, BNB’s price has been stuck in a tight range, signaling consolidation. Key technical markers, like the 20-day EMA and 50-day SMA, show flat lines, signaling market indecision. Indicators like the ATR at 24.6 and Bollinger Bandwidth at 18.48 further confirm the reduced volatility. Polkadot’s JAM Chain: Ready to Take on Ethereum 2.0? Polkadot is preparing to flip the script with its upcoming JAM Chain upgrade. Historically, Polkadot’s complexity has been its Achilles’ heel, making it harder to compete with more user-friendly ecosystems like Ethereum and Solana. But JAM Chain promises to change the game. This upgrade will allow developers to directly deploy smart contracts on Polkadot’s core layer, ditching the need for parachains and simplifying the process. BlockDAG’s Explosive Rise: Why It’s the One to Watch While BNB stays steady and Polkadot gears up for a major upgrade, BlockDAG has burst onto the scene with an explosive presale. It’s made history by raising attention with a massive 1960% price surge, jumping from $0.001 to $0.0206. Such rapid growth is rare, signaling immense market confidence. Experts are already forecasting a potential 20,000x return for early backers. BlockDAG isn’t just generating buzz—it’s laying out a robust ecosystem. One standout feature is the TG Tap Miner game, where users can earn BDAG coins by playing. This approach not only makes the platform engaging but also fosters a vibrant, loyal community. Similar to how Polkadot’s JAM Chain upgrade aims to simplify development, BlockDAG is focused on accessibility and user interaction. With a strong presale that has raised almost $93.5M, and innovative strategies like gamified earning, BlockDAG is quickly positioning itself as a key player in the crypto market. As it continues to expand its ecosystem, all eyes are on whether it can deliver on the high expectations set by its presale. BlockDAG’s potential to become a leading name in the industry makes it one to watch closely in the coming months. The Final Thought The crypto market is constantly evolving as fresh developments and projects shift its direction. Binance Coin’s steady performance, Polkadot’s bold JAM Chain upgrade, and BlockDAG’s remarkable presale each showcase unique qualities within this space. Whether you’re seeking stability, cutting-edge technology, or a rising opportunity, these three cryptocurrencies cater to a range of interests. Join BlockDAG Presale Now: Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu 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.

At the same time, core consumer price index inflation jumped sharply to 2.8% last month. Discussions have resumed about whether the US Fed would implement tighter monetary policy. Inflation in the United States came in at 1.8% in September, according to the long-awaited Producer Price Index (PPI), when market forecasts had it at 1.6%. Inflation is on the rise, and investors are worried about what it may mean for Bitcoin and other cryptocurrencies in light of recent US CPI statistics. Worse still, discussions have resumed about whether the US Federal Reserve would implement tighter monetary policy. Especially, in response to the most recent batch of dismal economic statistics. The most recent figures available from the US Department of Labor indicate that consumer price index inflation for the US was 1.8%, up from 1.7% in August. After increasing 0.2% last month, inflation has stayed constant at 0.0% on a month-over-month (MoM) basis. Dampened Market Enthusiasm At the same time, core consumer price index inflation jumped sharply to 2.8% last month. Far above both August’s 2.4% and market estimates of 2.6%. Monthly changes from the previous month’s 0.3% brought the Core PPI number, which does not include food and energy costs, down to 0.2%. The whole financial industry, not to mention the cryptocurrency market, has been abuzz with these inflation estimates, which are hotter than expected. A hawkish posture by the US Fed at their scheduled conference next month is signaled by the current US CPI data. Which also surpasses the market expectation. The most recent US PPI data has dampened market enthusiasm, suggesting that inflation is skyrocketing once again. Because of this, some are wondering if the price of Bitcoin will fall soon, while others are speculating that the Federal Reserve may lower interest rates or not at all at their next meeting. Highlighted Crypto News Today: Nigerian Court Denies Bail to Binance Compliance Chief Despite Health Issues

In current crypto market situation, XRP’s path looks unclear due to ongoing legal issues with the SEC that could shape its future growth. At the same time, Polkadot is pushing forward with efforts to link various blockchain networks more seamlessly. However, BlockDAG stands out as one of the top performers in today’s crypto market. BlockDAG’s presale spiked by $10 million in just three days, driven by significant interest from big players, pushing the total raised to nearly $93.7 million. With this kind of momentum, some experts think early joiners might see returns as high as 20,000 times their initial presence. Such high returns are unusual, and with big players already paying attention, this could be an ideal time to join. XRP’s Path: Facing Legal and Market Challenges The road ahead for XRP is filled with discussions, as it continues to face both legal battles and market challenges. Ripple Labs developed XRP aiming to change global money transfers, but its ongoing legal fight with the SEC has heavily influenced its journey. Though some recent court decisions have been somewhat favorable, the ongoing appeals add a layer of uncertainty over XRP’s future. Experts advise caution, pointing out that XRP might see growth if market conditions get better, but its dependence on legal results and general market trends makes its future difficult to predict with surety. ChainLink’s Price Climb: Will It Keep Up or Slip? ChainLink’s market price has been climbing steadily, showing a 12% increase over the past month. Despite some ups and downs between $11.4 and $13, the coin recently moved up from $11.45 to $12.15, boosting confidence among holders. Market watchers are keeping an eye on this, as bulls hope to push the price up to a possible $21.4 by the end of the year. Yet, this optimism is cautious; if the upward momentum fades, ChainLink might fall back to the $9.6 support level, making its next steps important to monitor. BlockDAG’s Presale Nears $100M, Driven by Significant Whale Activity BlockDAG’s presale has broken records, skyrocketing to an impressive $93.7 million, powered by a significant $10 million rise in just three days. This surge is mostly due to large-scale buyers quickly snapping up BDAG coins. The enthusiasm from major supporters is obvious, and the urgency is tangible as the presale speeds ahead. As the presale continues at this fast pace, it’s expected to wrap up in just two months. Early joiners are hurrying to secure their spots, and the reasons are clear. BlockDAG’s Testnet has received outstanding feedback, further energizing the community. Currently priced at $0.0206, the coin has climbed by 1960% from its initial price of $0.001, showing a path that’s hard to overlook. Time is ticking, and the chance to get in early is dwindling. Experts foresee a stunning 20,000x return for those who move quickly. This exceptional growth is drawing widespread interest, and rightly so. As significant buyer activity persists and the presale nears its target, the chance for huge returns appears closer than ever. Yet, with BlockDAG’s momentum growing daily, delaying could mean missing out on one of the top-performing cryptos available now. Wrapping It Up While XRP works through its legal issues and Polkadot advances its cross-chain capabilities, BlockDAG is making headlines as the quickest and largest presale in crypto history. With BDAG currently valued at $0.0206, substantial buyers recently fueled a massive $10 million boost in just three days, pushing its total nearly to $93.7 million. Analysts suggest a potential 20,000x return for early joiners, positioning BlockDAG as a standout choice. In a quickly evolving market, BlockDAG’s ongoing momentum distinguishes it as one of today’s top-performing cryptos, presenting an opportunity that shouldn’t be overlooked. Learn More about BlockDAG: Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu 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.

Ethereum has largely exhibited a sideways movement between $2,500 and $2,350 in the past seven days. This sideways movement has yet to give rise to a clear path as to how the crypto performs moving forward, denting the sentiment of many bulls. In an interesting analysis with the use of the TD Setup, crypto analyst Ali Martinez highlighted a critical price point for investors to watch on the ETH price trajectory. At the heart of this analysis is the $2,250 price point, a level that could be the line between a bullish recovery and a steep correction. ETH Price Must Hold $2,250 The TD setup is very popular among crypto analysts and investors. Historically, Ethereum has shown a clear reaction after breaking above or below the TD setup. Its reliability in pinpointing key reversal points has made it a go-to tool for analysts like Ali Martinez. Using an ETH/US Dollar price chart that he shared on social media platform X, Martinez noted that the TD Sequential has made or broken the cryptocurrency’s price action in the past while also highlighting notable examples. Each time the ETH price broke above the TD setup resistance trendline, a strong bull run has always followed. On the flip side, when ETH dipped below the setup’s support line, it corrected by an average of 53%. The first significant breakout above the TD setup resistance triggered an 8,885% surge, which saw the ETH price reach an all-time high of $1,138 at the time. Conversely, the first time the ETH price broke below the TD setup, it corrected by 56.67%. The latest break above the TD setup occurred in March of this year, which saw the ETH price surge by about 113% as it crossed above $4,000 for the first time in two years. Recent price dynamics puts the TD setup around $2,250. According to Ali Martinez, breaking below this price point could trigger a significant price drop. If a historical 53% average were to repeat itself, Ethereum could correct to as low as $1,100. Current Market Snapshot As of the time of writing, Ethereum is trading at approximately $2,410, roughly 7% above the critical $2,250 threshold identified by the TD setup. While the ETH price has managed to stay above this level for now, its proximity to this key price level makes it a critical level to watch. The TD sequential indicator identifies potential points of exhaustion in an asset’s trend, whether bullish or bearish. Therefore, a break below $2,250 could mean the final reversal from a bullish Ethereum to a bearish sentiment. Market sentiment towards Ethereum remains mixed at the moment. Sellers currently have the upper hand, but a break above $2,500 could set the path for a bullish momentum.

While Helium Mobile has enjoyed phenomenal success, the network has failed to keep pace, with the general market pulling it down further and with losses being multiplied as the market drops low. According to the latest market data, HNT, the native token of the network, dropped about 15% over the last two weeks which may endanger winnings pocketed in the last month. However, investors and traders are banking on recent developments that might turn the tide once the market recovers from its pitfall. With these recent developments, gains might be around the horizon although investor sentiment remains shaky at best and bearish at worst. Helium-Ameriband Partners To Expand Helium Network Helium recently announced that it has partnered with Ameriband, a market leader in Wi-Fi infrastructure in the United States. According to Helium’s recent blog post, the partnership will bring 100,000+ data-only hotspots around the US, expanding the network’s coverage over the country overnight. “Ameriband’s vast network is deployed in well-known retail businesses, grocery chains, venues, and commercial locations across the country and will help drive usage to the Helium Network. Thanks to this partnership, anyone with a Helium Mobile phone plan will experience connectivity in even more locations than before,” stated Helium in the blog post. This came as a massive win for Helium as the network expansion nearly guarantees connectivity for US users. This means that Helium users who previously experienced connectivity issues will have fewer or zero problems regarding connectivity in the coming weeks and months. It also ensures that the average retail user will have exposure to the Helium network, possibly adding on the growing number of users of the platform’s mobile arm. The carrier offload program caters to 130,274 subscribers from three different network providers with over 122 TB of data routed to the Helium network, figures that will continue to grow as the Ameriband partnership takes effect. Rising Correlation With The Market Leaves Gains Behind For HNT HNT bulls are in the middle of an attempt to retest the current $6.79 resistance level. As of writing, HNT is still on the down-low with the token possibly taking another dive toward $6.23 in the coming days or weeks. The relative strength index (RSI), however, is hinting at a possible bullish reversal within this week or the coming week. However, the rising market correlation with the broader market might endanger the token’s bullish momentum that is currently building up. With this in mind, HNT might continue to stabilize between the $6.23-$6.79 trading range in the coming days but may drive down toward $6.23 or $5.67 if the bears remain superior in the coming months. Featured image from Pexels, chart from TradingView

Crypto analyst Egrag has provided an historical analysis of the weekly XRP price chart, suggesting that the cryptocurrency is entering “uncharted territory.” Utilizing historical data and focusing on critical technical indicators. Egrag highlights significant shifts in XRP’s trading behavior, emphasizing the exhaustion felt by the XRP community during this prolonged cycle. “This cycle has been extremely exhausting and super manipulative, especially when it comes to XRP. But don’t lose hope!” he states. Why XRP Is In Uncharted Territory Central to Egrag’s analysis are two key indicators plotted on a weekly scale: the 21-week Exponential Moving Average (EMA) and the 55-week Simple Moving Average (MA). Both indicators are renowned for their responsiveness to price changes and have historically been indicative of market momentum shifts for XRP. The interactions between these moving averages, particularly when they cross, are pivotal in forecasting potential bullish or bearish trends. Egrag identifies three types of crosses in his analysis, each signaling different market sentiments. A bearish cross, marked by a red circle on his chart, occurs when the 21-week EMA crosses below the 55-week MA, indicating potential downward momentum. A bullish cross, denoted by a green circle, happens when the 21-week EMA crosses above the 55-week MA, signaling possible upward movement. An indecisive cross, represented by an orange circle, marks periods where the moving averages converge but do not decisively cross, reflecting uncertainty or possible market manipulation. In Cycle A, XRP experienced a bearish cross followed by two bullish crosses, with significant implications for its price trajectory. The period from the bearish cross to the first bullish cross spanned approximately 616 days, during which the market sentiment gradually shifted. Midway through this cycle, there was another bearish cross about 140 days after the first bullish cross, preceding the second bullish cross that occurred 49 days later. This second bullish cross led to an explosive price movement. Egrag remarks, “We had a bearish cross, followed by two bullish crosses—one midway through the cycle and the second was explosive! Cycle B presented a different scenario, featuring one bearish cross followed by one bullish cross. The duration from the bearish to the bullish cross was approximately 763 days, indicating a prolonged period of bearish sentiment before the market shifted. During this cycle, XRP narrowly missed an earlier bullish cross due to a significant price dump, which prevented the moving averages from crossing as they might have otherwise. “Mid-cycle, XRP narrowly missed the bullish cross due to a major price dump,” notes Egrag. Currently, in Cycle C, XRP is exhibiting behavior that differs from the previous cycles both in duration and complexity. From the first bearish cross to the first bullish cross, the cycle lasted about 441 days, longer than in prior cycles. Subsequently, there was a period of 399 days leading to a second bearish cross. In total, Cycle C has spanned approximately 987 days from the first bearish cross, making it the longest cycle since XRP’s inception. At present, the 21-week EMA and the 55-week MA are converging but have not decisively crossed, marked by an orange circle indicating an indecisive cross. Egrag expresses frustration at this development, stating, “Right now, both indicators (21 EMA & 55 MA) are in the orange circle—right on the verge of a manipulated bullish cross that we narrowly avoided. This is pure manipulation! ” Egrag’s analysis suggests that Cycle C’s unprecedented duration and deviation from previous patterns place XRP in “uncharted territory,” indicating that the market may be poised for an outcome not previously observed. “After breaking down all these crosses, my takeaway is that Cycle C is different from Cycles A & B based on the number of crosses and duration. We’re in uncharted territory, so we’re likely to witness something new this time,” he asserts. However, Egrag remains optimistic about the future. He envisions the potential onset of a ‘utility phase’ for XRP, where the focus shifts from speculative trading to practical applications of the cryptocurrency. “In my optimistic view, I hope this is the moment the utility phase kicks in, allowing us to use our XRP instead of selling it!” he concludes. At press time, XRP traded at $0.53.

Nigerian court denies bail for Tigran Gambaryan due to money laundering charges. Court prioritizes serious allegations over health concerns. A Nigerian court denied bail to Tigran Gambaryan, Binance’s Compliance Chief, despite his worsening health condition.The decision was handed down on October 11, 2024, following Gambaryan’s second bail plea. His legal team highlighted his medical condition, arguing that he requires urgent attention, but the court rejected the request. Gambaryan faces charges related to money laundering, leading to his detention. The Nigerian authorities are conducting an extensive investigation, tying Binance to various illegal financial activities. Binance’s global operations have come under scrutiny, with Nigeria playing a key role in the case. The court’s decision emphasized that Gambaryan’s health condition, though noted, does not outweigh the seriousness of the allegations. His family has expressed their frustration, stating that Gambaryan met all the necessary bail requirements, including assurances from medical experts. Yet, their plea has been ignored. Court Denies Bail Despite Health Claims His lawyer, Mark Mordi, emphasized that Gambaryan suffers from a herniated disc and requires psychiatric care. However, the court maintained that he can receive adequate treatment while in custody. Justice Emeka Nwite noted, “renowned Nigerian medical experts are already managing” Gambaryan’s health, although he did permit a temporary transfer to a hospital under supervision. The ruling reflected the court’s stance on prioritizing the serious charges over health claim. Reports from various outlets revealed that Gambaryan’s defense team submitted medical evidence, arguing that his health is rapidly declining. However, the court found the evidence insufficient to grant bail. His lawyers are expected to appeal the decision, although it remains unclear when the next hearing will take place. This case comes at a time when Binance faces increasing regulatory challenges worldwide. Nigerian regulators have been particularly critical, aiming to curb crypto-related crimes in the country. Binance, however, has denied any wrongdoing, maintaining that it complies with local laws. Gambaryan’s legal troubles raise broader questions about how governments handle cryptocurrency exchanges. Nigeria, like many countries, is grappling with how to regulate digital currencies while managing the associated risks. Highlighted Crypto News Today Can Bitcoin Break Through the $62,000 Resistance Level?

A crypto whale lost $35 million in the phishing scam. The attack caused the fwDETH price to drop from $2K to $100. A crypto whale recently fell victim to a phishing scam, losing nearly 15,079 Few Wrapped Duo ETH (fwDETH), worth $35 million on the Blast network. The attack occurred after the victim signed unknowingly a fraudulent “permit” signature, which allowed the attacker to drain funds from the wallet. The targeted whale address of the phishing scam was identified as 0xeab23c1e3776fad145e2e3dc56bcf739f6e0a393 and the hacker’s address as 0x0605edee6a8b8b553cae09abe83b2ebeb75516ec. Moreover, the decentralized trading platform Duo Exchange assured users that its protocols remained safe and stated, “We are aware of the recent phishing attack on some of the whales of Duo. Over 10k DETH was dumped on AMMs to cause a depeg of DETH price.” Moreover, the blockchain security firm, Scam Sniffer provided few insights about the attacker’s method. It explained the usage of utilized temporary token spender addresses generated through the CREATE2 function. This approach makes detection difficult, as it enables the generation of new contract addresses in a predetermined way. On the other side, the quickly liquidated stolen assets led fwDETH to a sharp decline in value due to the attacker’s sale. After a few hours of the incident, the value of DETH has dropped over 90% from $2000 to $100 before recovering back to $1,299, at the time of writing, as per CMC data. The sudden plunge in token prices led to significant issues on chains like Orbit Finance and PAC Finance. Highlighted Crypto News Is Ethereum (ETH) on the Brink of Falling Under $2.4K?

BlackRock, the largest asset manager globally, currently oversees a record $11.5 trillion in assets. BlackRock saw $97 billion in inflows into its exchange-traded funds (ETFs), a key driver of its growth. BlackRock, the world’s largest asset manager, has reached a remarkable milestone, now overseeing $11.5 trillion in assets under management. This marks the third consecutive quarter of record-breaking growth for the firm, solidifying its status as a leader in the financial industry. In the last quarter alone, BlackRock attracted $160 billion in client investments, with significant inflows into its exchange-traded funds (ETFs). The firm’s foray into the crypto space, highlighted by its early launch of a Bitcoin and Ethereum ETF, has further strengthened its market position. Overall, BlackRock secured $360 billion in total net inflows this year, surpassing the entire net flows of 2022 and 2023. The firm has seen its assets grow from $10.5 trillion in early 2024 to the current record, showcasing its rapid expansion. In a recent strategic move, BlackRock acquired Global Infrastructure Partners for $12.5 billion. This acquisition adds over $100 billion in assets to its portfolio. Looking ahead, the firm is poised to enhance its presence in private markets. It plans to achieve this through a $3.2 billion acquisition of data provider Preqin. Highlighted Crypto News Can Bitcoin Break Through the $62,000 Resistance Level?