The Bitcoin price enjoyed its second consecutive green candle in October after closing the month with a 10% price gain. Crypto analyst TradingShot revealed why this development was a positive going forward and is a good buy signal for those looking to invest in the flagship crypto. Bitcoin Triggers Buy Signal After Price Hit Second Green Month Candle TradingShot mentioned in a TradingView post that it is always a good signal to buy whenever the Bitcoin price closes two consecutive green monthly candles. He made this assertion based on the multi-year chart, which he also claimed shows that the market continues to rally whenever Bitcoin records these two straight green candles. The crypto analyst revealed that the Bitcoin price recorded three straight green candle occasions and a clear accumulation phase in the 2021 bull run. Meanwhile, in the 2017 bull run, the Bitcoin price recorded numerous straight green candle occasions. This market cycle looks to be replicating the 2021 bull run pattern, as BTC recorded three straight monthly green candles between January and March earlier this year before it recorded an accumulation phase. Therefore, as TradingShot explained, this is likely a good buying opportunity since the Bitcoin price could record a third straight monthly green candle in November. Another reason why Bitcoin would likely experience a monthly green candle in November is because the flagship crypto has enjoyed monthly positive returns most of the time it closed October in the green. The Bitcoin price outlook for November also looks bullish because of the upcoming US elections. The aftermath of the elections is expected to bring certainty to the market, which could cause Bitcoin to rally. Economist Alex Krüger predicted that the BTC could rally quickly to $90,000 if Donald Trump wins. Meanwhile, he mentioned that there is a chance that the flagship crypto could drop to as low as $65,000. Price Needs To Stay Above $69,000 In The Meantime In an X post, popular analyst Justin Bennett mentioned that the drop in Bitcoin’s price below $70,000 isn’t a good look, but the Bulls’ last line of defense is $69,000. He remarked that the $65,000 lows are next if that price level fails to hold on the high time frames. Justin Bennett added that he doubts that the equal highs from March and October near $73,700 will go unchallenged. However, before that happens, he suggested that the Bitcoin price could retest the lows at around $65,000. Crypto analyst Ali Martinez has also revealed that the Bitcoin price needs to hold above $69,000 to reach a new all-time high (ATH). He predicted that BTC could rally to $78,000 if the $69,000 level holds. At the time of writing, the BTC price is trading at around $69,700, up almost 1% in the last 24 hours, according to data from CoinMarketCap. Featured image from Forbes, chart from TradingView

FLOKI is navigating a critical moment as technical indicators flash bearish signals, raising concerns over its ability to maintain support at $0.000110. With downward momentum building and sellers gaining strength, this support level has become a focal point for traders watching for signs of stability or further decline. As the market turns cautious, the strength of FLOKI’s support will be crucial in determining its next move and whether it can withstand the current downtrend. This analysis aims to assess the current technical indicators signaling bearish pressure for FLOKI and evaluate the potential resilience of the $0.000110 support level. By examining key indicators and market dynamics, this piece aims to provide insight into whether the meme coin can hold steady at this critical threshold or if further downside risks loom. Is FLOKI’s $0.000110 Support In Danger? On the 4-hour chart, FLOKI is exhibiting negative momentum, trading below the 100-day Simple Moving Average (SMA) as it trends downward toward the $0.000110 support level. A continued descent toward this support suggests that selling pressure is intensifying, and if the support fails to hold, FLOKI could experience more declines. Also, the 4-hour Composite Trend Oscillator for FLOKI indicates bearish movement, with the signal line crossing below the SMA line and dropping below the zero line. This shift suggests increasing selling pressure, favoring sellers and raising concerns about potential further declines in price. On the daily chart, the meme coin displays significant downward momentum, highlighted by a series of bearish candlestick patterns that have emerged following a failed recovery attempt. The inability to sustain upward movement after the recovery attempt suggests a lack of buyer confidence and a prevailing bearish sentiment in the market. As FLOKI trends toward this support level, the pressure from sellers could intensify, raising concerns about the possibility of a breakdown. A thorough examination of the 1-day Composite Trend Oscillator reveals that the asset is positioned for possible extended losses. The signal line has crossed below the SMA line and is trending downward beneath the zero line, signaling a notable shift in momentum toward the negative. If this downward trend continues, FLOKI may face substantial challenges in regaining upward traction, leading to an extended period of diminished price movement and increased bearish sentiment in the market. Testing Times Ahead For FLOKI FLOKI is nearing a pivotal point as it approaches the $0.000110 support level. If the asset breaks this critical threshold, it could trigger an additional decline, potentially leading the price down to the $0.00005381 level and other subsequent support areas. Conversely, should the meme coin manage to hold the $0.000110 support level, it could establish a base for a possible rebound, paving the way for a price increase toward the $0.0002105 mark and other resistance levels.

Strategic investments in great ideas can pay off handsomely as we get ready for the expected 2025 bull run. Should you be ready to commit $800 now, diversify among five well-selected cryptocurrencies, and let them flourish until 2025, you could find that small investment becomes a $1.6 million portfolio. Rexas Finance (RXS), Solana (SOL), Ethereum (ETH), Cardano (ADA), and Ripple (XRP) are the five altcoins to keep an eye on. They are perfect candidates for major advances in the next years since everyone has unique traits and development chances. Rexas Finance (RXS): Asset Tokenizing Future Prospect Using blockchain technology to tokenize real-world assets (RWA), Rexas Finance is a novel initiative aiming at turning actual and intangible objects into digital tokens. By means of technologies that democratize investing possibilities, the platform solves inefficiencies in conventional finance including liquidity restrictions and excessive transaction costs. The project brings asset management into the digital age with its thorough ecosystem, which includes the Rexas QuickMint Bot for simple token creation and Rexas GenAI for AI-powered NFT generation.Rexas Finance’s most recent placement on CoinMarketCap (CMC), a significant event that raises token visibility and accessibility, further supports its growth potential. Rexas Finance is also launching a huge promotion, giving 20 lucky winners $50,000 worth of RXS tokens, therefore encouraging community involvement and company awareness. Presale successes totaling over $4.2 million and a current token price of $0.06 mean RXS is expected to climb to $0.20 by 2025. Rexas Finance is positioned for explosive expansion by drawing on the multi-trillion dollar financial assets sector. Solana (SOL): Real-World Utility High-Speed Blockchain One high-performance blockchain well-known for its amazing scalability and low transaction costs is Solana. Capable of up to 65,000 transactions per second (TPS), Solana has evolved into a favored platform for distributed apps (dApps), DeFi protocols, and NFT markets. Unlike other Layer-1 blockchains, its ecosystem keeps growing and draws developers and consumers searching for quick and reasonably priced answers.Solana is a good investment choice given the forthcoming upgrades in her infrastructure and her acceptance in several sectors. With SOL’s current price much below its all-time high, it presents a profitable starting position. SOL’s value is probably going to experience a significant increase by 2025 as more projects on Solana expand and the larger crypto market recovers, so perhaps generating great returns for early investors. Ethereum (ETH): Smart Contract King With a great ecosystem of DeFi apps, NFTs, and dApps enabled by Ethereum’s unchanging supremacy in the smart contract field, Ethereum 2.0, seeks to enhance scalability and lower energy usage by means of the proof-of-stake (PoS) consensus method. This improvement makes Ethereum more user-friendly for both developers and companies since it solves some of its main constraints, such as high gas fees, and network congestion.Buying Ethereum is a wager on Web3, DeFi, and distributed apps’ ongoing expansion. ETH’s price is predicted to rise steadily towards new highs by 2025 given its basic importance in the blockchain sector. Any long-term cryptocurrency portfolio should include Ethereum since the application of scaling solutions like Layer-2 technology will help to improve its market position. Cardano (ADA): The Sustainable Blockchain Visionally Designed Cardano is a blockchain system stressing scalability, security, and environmental sustainability. Rooted in peer-reviewed research, its scientific method of development distinguishes it from other initiatives. Cardano’s constant improvements—including the Alonzo hard fork, which brought smart contract capabilities—continue to improve its utility and draw developers to creating dApps and DeFi solutions.With additional initiatives starting on its platform and rising user acceptance, the Cardano ecosystem is set for growth. Its ecologically friendly proof-of-stake system also fits rising worries about blockchain technology’s effect on the surroundings. ADA’s market value will rise as Cardano’s utility and acceptance grow, hence it is a great option for anyone wishing to profit on a scalable, green blockchain solution by 2025. Ripple (XRP): bridging blockchain and traditional finance Designed to challenge the established financial system, ripple’s XRP is meant to enable quick and cheap cross-border transfers. Notwithstanding its continuous legal conflict with the U.S. Securities and Exchange Commission (SEC), ripple has kept broad use cases and alliances in development all around. The result of the court case could have a big effect on XRP’s price; a positive decision probably will cause a notable surge.The practical value of XRP, especially in the remittance and payments sectors, defines its strength. XRP demand is projected to increase as more financial institutions embrace Ripple’s technology. XRP might establish its leadership as a digital asset for worldwide transactions by 2025, particularly if large economies like the United States get legislative certainty. Why might Rexas Finance beat the market? Among these projects, Rexas Finance is unique because of its creative approach to actual asset tokenization and its all-encompassing ecosystem using blockchain and artificial intelligence. The continuous presale of the project and community projects including the $1 million giveaway offer show a dedication to user involvement and expansion. Furthermore, the recent CoinMarketCap listing gives the project more exposure, therefore raising the possibility of increased investor interest and token price rise.Rexas Finance looks forward since it seeks to change the financial scene by providing solutions addressing market inefficiencies and creating new chances for regular investors. With a strong road map and aggressive development forecasts, RXS seems to offer among the chosen cryptocurrencies one of the best returns. Conclusion Investing in cryptocurrency calls for a readiness to take chances, done intelligently the results can be transformative. Investors can set themselves to profit from the next bull market by spreading $800 among Rexas Finance, Solana, Ethereum, Cardano, and Ripple. From asset tokenizing and smart contracts to cross-border payments and environmentally friendly blockchain solutions, these five altcoins span a spectrum.If one keeps these assets until the end of 2025, a meager $800 might become a $1.6 million portfolio. Among them, Rexas Finance is particularly interesting for investors trying to maximize profits because of its original approach and fast expansion possibilities. For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Halloween Giveaway: https://x.com/rexasfinance/status/1851983620765852009 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 article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research.

Bullish PENDLE price prediction for 2024 is $5.559 to $8.985. Pendle (PENDLE) price might reach $10 soon. Bearish PENDLE price prediction for 2024 is $1.943. In this Pendle (PENDLE) price prediction 2024, 2025-2030, we will analyze the price patterns of PENDLE by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION Pendle (PENDLE) Current Market Status What is Pendle (PENDLE)? Pendle (PENDLE) 24H Technicals Pendle (PENDLE) PRICE PREDICTION 2024 Pendle (PENDLE) Support and Resistance Levels Pendle (PENDLE) Price Prediction 2024 — RVOL, MA, and RSI Pendle (PENDLE) Price Prediction 2024 — ADX, RVI Comparison of PENDLE with BTC, ETH Pendle (PENDLE) PRICE PREDICTION 2025, 2026-2030 CONCLUSION FAQ Pendle (PENDLE) Current Market Status Current Price $4.66 24 – Hour Price Change 5.20% Down 24 – Hour Trading Volume $74.66M Market Cap $74.66M Circulating Supply 161.11M PENDLE All – Time High $7.52 (On April 11, 2024) All – Time Low $0.03349 (On Nov 10, 2022) PENDLE Current Market Status (Source: CoinMarketCap) What is Pendle (PENDLE) TICKER PENDLE BLOCKCHAIN Ethereum Blockchain CATEGORY DeFi Protocol LAUNCHED ON June 2021 UTILITIES Governance, yield trading, Staking & rewards Pendle Finance is a yield tokenization protocol on Ethereum. The platform provides users the opportunity to speculate and hedge future yields. PENDLE is the native token of Pendle Finance . It is used for governance, to tokenize yields and ownerships and liquidity. Pendle Finance was founded in 2021 by a pseudo-anonymous team known as TN lee, GT, YK, and Vu. The platform recently witnessed a security breach on its Penpie yield optimization tool within the ecosystem. The firm later announced that it safeguarded the funds after the attack. Pendle 24H Technicals (Source: TradingView) Pendle (PENDLE) Price Prediction 2024 Pendle (PENDLE) ranks 86th on CoinMarketCap in terms of its market capitalization. The overview of the Pendle price prediction for 2024 is explained below with a daily time frame. PENDLE/USDT Ascending Triangle Pattern (Source: TradingView) In the above chart, Pendle (PENDLE) laid out the Ascending Triangle pattern. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and a lower trendline that connects the rising lows. If the trend breaks out at the resistance level, the price will continue to move up in this ascending triangle pattern. At the time of analysis, the price of Pendle (PENDLE) was recorded at $4.807. If the pattern trend continues, then the price of PENDLE might reach the resistance levels of $5.449 and $16.236. If the trend reverses, then the price of PENDLE may fall to the support of $4.133 and $1.847. Pendle (PENDLE) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Pendle (PENDLE) in 2024. PENDLE/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as resistance and support levels of Pendle (PENDLE) for 2024. Resistance Level 1 $5.559 Resistance Level 2 $8.985 Support Level 1 $3.272 Support Level 2 $1.943 PENDLE Resistance & Support Levels Pendle (PENDLE) Price Prediction 2024 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Pendle (PENDLE) are shown in the chart below. PENDLE/USDT RVOL, MA, RSI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the current Pendle (PENDLE) market in 2024. INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $4.151 Price = $4.781 (50MA < Price) Bullish/Uptrend Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 55.876 <30 = Oversold 50-70 = Neutral >70 = Overbought Neutral Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak volume Pendle (PENDLE) Price Prediction 2024 — ADX, RVI In the below chart, we analyze the strength and volatility of Pendle (PENDLE) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI). PENDLE/USDT ADX, RVI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the price momentum of Pendle (PENDLE). INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 26.379 Strong Trend Relative Volatility Index (RVI) Volatility over a specific period 69.27 <50 = Low >50 = High High Volatility Comparison of PENDLE with BTC, ETH Let us now compare the price movements of Pendle (PENDLE) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs PENDLE Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of PENDLE is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of PENDLE also increases or decreases respectively. Pendle (PENDLE) Price Prediction 2025, 2026 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Pendle (PENDLE) between 2025, 2026, 2027, 2028, 2029, and 2030. Year Bullish Price Bearish Price Pendle (PENDLE) Price Prediction 2025 $11 $1 Pendle (PENDLE) Price Prediction 2026 $12 $0.9 Pendle (PENDLE) Price Prediction 2027 $13 $0.8 Pendle (PENDLE) Price Prediction 2028 $14 $0.7 Pendle (PENDLE) Price Prediction 2029 $16 $0.6 Pendle (PENDLE) Price Prediction 2030 $18 $0.5 Conclusion If Pendle (PENDLE) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Pendle (PENDLE) price prediction for 2024 is $8.985. Comparatively, if unfavorable sentiment is triggered, the bearish Pendle (PENDLE) price prediction for 2024 is $1.943. If the market momentum and investors’ sentiment positively elevate, then Pendle (PENDLE) might hit $10. Furthermore, with future upgrades and advancements in the Pendle ecosystem, PENDLE might surpass its current all-time high (ATH) of $7.52 and mark its new ATH. FAQ 1. What is Pendle (PENDLE)? Pendle is a protocol situated within the decentralized finance (DeFi) ecosystem, focusing on the innovative concept of tokenizing and trading future yield. 2. Where can you purchase Pendle (PENDLE)? Traders can trade Pendle (PENDLE) on the following cryptocurrency exchanges such as KuCoin, Binance, CoinEx, Kraken, OKX, and Bybit. 3. Will Pendle (PENDLE) reach a new ATH soon? With the ongoing developments and upgrades within the Pendle platform, Pendle (PENDLE) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Pendle (PENDLE)? Pendle (PENDLE) hit its current all-time high (ATH) of $7.52 on Apr 11, 2024. 5. What is the lowest price of Pendle (PENDLE)? According to CoinMarketCap, PENDLE hit its all-time low (ATL) of $0.03349 on Nov 10, 2022. 6. Will Pendle (PENDLE) reach $10? If Pendle (PENDLE) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $10 soon. 7. What will be Pendle (PENDLE) price by 2025? Pendle (PENDLE) price is expected to reach $11 by 2025. 8. What will be Pendle (PENDLE) price by 2026? Pendle (PENDLE) price is expected to reach $12 by 2026. 9. What will be Pendle (PENDLE) price by 2027? Pendle (PENDLE) price is expected to reach $13 by 2027. 10. What will be Pendle (PENDLE) price by 2028? Pendle (PENDLE) price is expected to reach $14 by 2028. Top Crypto Predictions Notcoin (NOT) Price Prediction FLOKI (FLOKI) Price Prediction Chainlink (LINK) Price Prediction Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Rexas Finance is becoming well-known in the fast-changing terrain of blockchain technology as a breakthrough platform driven by Real World Asset (RWA) tokenization. Rexas Finance is democratizing asset ownership and increasing access to investment possibilities by using creative thinking. By breaking $4 million in its presale, the platform recently reached a noteworthy mark and attracted the interest of both industry professionals and investors. The Idea behind Rexas Finance (RXS) Rexas Finance started with the idea of streamlining asset tokenization so that people and companies might fully utilize their assets. Rexas Finance is tokenizing real-world assets, including real estate, artwork, and other valuable assets, using blockchain technology, therefore creating a seamless process. The platform is meant to be user-friendly so that anyone, with any level of technical knowledge, may quickly negotiate the complexity of asset tokenization.Rexas Finance stands out as one of the most transparent and security-oriented companies. To safeguard consumers and guarantee transaction integrity, the platform follows rigorous regulatory standards and uses cutting-edge security technologies. Rexas Finance is building confidence among its consumers by giving these features top priority, which is crucial for the general acceptance of asset tokenizing. Milestone Achieved: More than $4 million in Presale The ongoing presale of Rexas Finance has been quite successful; the platform exceeded $4 million. This success emphasizes the growing curiosity in RWA tokenization and the possibility that Rexas Finance has to change the investment environment. The presale is set up in several phases, each with RXS tokens at rising rates that encourage early investment and honor those who see the platform’s early promise.Rexas Finance is now in its fourth presale round, whereby each RXS token costs $0.06. With a lot of the presale already filled, the great demand for RXS tokens is reflected in the great involvement in the presale. Early investors stand to win significantly from an anticipated listing price of $0.20 upon the introduction of the coin. Why Tokenization of Real-World Assets Matters As the financial terrain changes, the tokenization of real-world assets is becoming ever more crucial. Common traditional investment paths have strong entrance hurdles, which makes it challenging for regular investors to engage. Rexas Finance seeks to democratize asset ownership so as to change that. By purchasing fewer shares of valuable assets through fractional ownership, investors can more easily diversify their portfolios without having to commit large sums of money.Tokenization also improves liquidity so that assets may be sold on digital markets more readily. Investors who wish the flexibility to acquire and sell their assets without having to deal with long transaction times or expensive costs related to conventional asset management depend on this liquidity. Rexas Finance’s Future As Rexas Finance keeps broadening its products and improving its platform, it is expected to develop significantly going forward. The development team is committed to remaining on top of technology developments and industry trends, therefore guaranteeing Rexas Finance’s competitiveness and creativity. Rexas Finance is establishing itself as a leader in the RWA tokenizing scene by always changing and adjusting to the demands of its users.Moreover, the good momentum from the effective presale should drive Rexas Finance into a larger market. The platform is positioned to draw a wide spectrum of investors, given the growing curiosity in blockchain technology and RWA tokenization. Rexas Finance is dedicated to growing its influence and giving consumers the tools and support required to flourish in the digital economy as the market develops.In essence, a good investment opportunity exists here. The fact that presale investment exceeded $4 million is evidence of Rexas Finance’s promise in the fast-changing blockchain scene. Rexas Finance is redefining how assets are seen, handled, and traded in the digital era by emphasizing real-world asset tokenization security and openness.Rexas Finance is a strong investment choice for anyone wishing to seize the chances given by blockchain technology. Those who make investments today could find themselves in a prime position to profit from the future of asset tokenization as the platform develops and innovatively advances. Rexas Finance is an interesting possibility that investors should not ignore given the presale is still in progress and has considerable upside potential. For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Halloween Giveaway: https://x.com/rexasfinance/status/1851983620765852009 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 article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research.

XRP has shown an additional price drop in the last 24 hours following previous declines. The altcoin’s daily trading volume has decreased by 24.25% as per CMC data. In the last 24 hours, the overall crypto market has turned bullish as depicted by the market cap showing a 0.21% increase. The leading cryptocurrency Bitcoin has shown modest price hikes after it slid to the $69K level. On the other hand, the regulatory landscape has depicted some actions as Coinbase reported the identification of FDIC (Federal Deposit Insurance Corporation) asking several banks to avoid crypto. Meanwhile, the Ripple ecosystem’s native token, XRP has factored in an additional drop in price by 1.57%. In the past day, the token was trading at an intraday high of $0.5230 before sliding down to a low of $0.5093. At the time of writing, XRP was trading at $0.5115 as per CMC data. Zooming out, over the past week, the cryptocurrency has witnessed increased volatility and a price drop of 0.28%. Some of its crucial high price points over the week include $0.5273 and $0.5303 before the altcoin began descending downwards. However, the aforementioned price points indicate a struggle to break resistance beyond the $0.53 level and to rally further upwards. Meanwhile, the Ripple firm has been combating the infamous lawsuit against the SEC that has been prolonged for nearly 4 years. Recently, Ripple filed for a cross-appeal following the SEC’s last-minute appeal. Where is the XRP Price Headed? On analyzing the altcoin’s technical indicators, XRP shows bearish signals. The token’s RSI stands at 40.57 indicating an oversold market situation as per TradingView data. Additionally, in the Moving Average Convergence Divergence (MACD), the signal line stands below the MACD line suggesting a negative trend. XRP/USDT Daily Price Chart (Source: TradingView) Inferring these technical indicators, the XRP price shows potential for further declines. If the altcoin has to witness upward movements, it has to attempt price recovery utilizing the current positive momentum. Additionally, Ripple’s impending lawsuit has also caused fluctuations in the token’s market price. Meanwhile, other cryptocurrencies such as Solana have shown modest price increases. Highlighted Crypto News Today: Mutant Ape Planet NFT Creator Ordered to Forfeit $1.4 Million

Neiro Ethereum trades at $0.09135, after gaining 15% in the last 24 hours. A crypto whale draws attention with massive Neiro Ethereum accumulation. The trading day opened with mixed signals, and the market cap reached $2.33 trillion. Bitcoin, the largest cryptocurrency, continues to trade within the $69 mark. Amid this, a whale has acquired nearly 8.02 million Neiro Ethereum tokens (NEIRO). The whale associated with the wallet address 0x944 withdrew NEIRO, worth $782.74K, from the Bitget exchange. This transaction is the first instance of this particular whale accumulating NEIRO. Moreover, from the meme coins WOJAK and TURBO, the whale has earned hundreds of thousands of dollars in profit. On the other hand, in October, NEIRO had a strategic partnership with DWF Labs. This collaboration aims to enhance the token’s market visibility, growth, and expand its user community. Further, this aims to place NEIRO in a significant role in the meme coin market. Price Movement of NEIRO Following this acquisition, the NEIRO price has witnessed a notable surge of 15%. In the morning hours, the asset traded at $0.09328 and managed to climb to a high of $0.1025. At press time, the token is trading at the $0.09135 mark. Besides, the daily trading volume is positioned at around $46.58 million, surging over 43%, according to CMC data. Zooming in at the weekly price chart of NEIRO, a 44% increase has been observed. The week began trading at $0.06327; the steady upside correction triggered the asset to soar. Eventually, NEIRO hit a high of $0.1137 on October 28. The asset fluctuated severely but managed to trade within the current price level. The technical analysis of NEIRO displays the current bullish market sentiment, and the asset is in the neutral zone as the daily RSI is positioned at 51.43. Moreover, the asset’s daily frame has placed the short-term 9-day moving average below the long-term 21-day moving average. NEIRO chart (Source: TradingView) Furthermore, the Moving Average Convergence Divergence (MACD) indicator of NEIRO sits above the signal line, suggesting the upside pressure and the incoming bullish trend. Highlighted Crypto News Can Solana Overcome Selling Pressure to Regain Bullish Momentum?

November began with an unexpected downturn in the crypto market as Bitcoin, which had gone on a bull run in the last week of October, rapidly lost its momentum. The highly anticipated “Moonvember” kicked off with an unexpected crash, plummeting from $73,000 on October 31 to $69,000 on November 1 to essentially wipe out $296 million in liquidations, with the majority of them being long positions. Despite the bulls managing to steady a Bitcoin price support at $69,000, the rapid downturn stirred questions among many crypto traders. According to crypto expert Ash Crypto on social media platform X, this quick crash in the Bitcoin price can be attributed to four major factors. Key Reasons Behind Bitcoin’s Price Drop According to Ash Crypto, the recent Bitcoin price isn’t a straightforward result of crypto-specific events but rather a reflection of the broader economic landscape. As he noted, there are currently multiple reports suggesting that Iran may be planning a military action against Israel from Iraqi territory. The potential escalation of conflict in the region seemed to have created uncertainty among Bitcoin investors, and many might have opted to exit from the markets. “As we all know, war is bad for Bitcoin and crypto,” the analyst said. Aside from the brewing conflict, Ash Crypto also highlighted the recent earnings reports from tech giants as another factor in the Bitcoin price crash. Major tech companies like Microsoft and Meta recently posted earnings reports that, despite beating expectations, showed rising AI-related costs. This led to a downturn in many other tech stocks, which spilled over to other financial markets, including the crypto industry. Another factor Ash Crypto highlighted is the recent climb in US Treasury’s bond yields, specifically the 10-year note, which is now trading above 4.3%. Higher yields make government bonds a more attractive alternative, making investors less likely to invest in more volatile assets like cryptocurrencies. Lastly, the latest Core Personal Consumption Expenditures (PCE) reading increased slightly above 2.7%. Ash Crypto noted that this rise in core inflation could push the Federal Reserve toward a more hawkish stance. This could lead to the Fed adopting higher interest rates or delaying rate cuts. Both scenarios could dampen demand for Bitcoin, which thrives in low interest rates, as shown by the September 18 interest rate cut. Looking Ahead: What’s Next For Bitcoin? Like many other crypto analysts, Ash Crypto remains confident that Bitcoin’s latest dip is only temporary. He drew parallels to October’s initial market dip, while anticipating that November, or “Moonvember,” will follow a similar trajectory. Interestingly, the analyst believes Bitcoin still has the momentum and market interest needed to push past $80,000 before the end of November. At the time of writing, Bitcoin is trading at $69,678 and is up by 4% in the past 24 hours. Featured image from Pexels, chart from TradingView

Solana (SOL) is trading around a crucial demand level at $165, following a pullback from recent highs of $183. This level is pivotal for SOL, as losing it could trigger a deeper correction, putting the altcoin at risk of further downside. However, prominent analyst Carl Runefelt has shared technical analysis indicating that Solana may be primed for a brief correction before staging a rally to retest local highs. Runefelt’s analysis highlights signs of renewed strength for SOL, suggesting that the altcoin is preparing for a move that could challenge recent highs within the next few days. This bullish setup depends heavily on Solana maintaining support at $165, which could act as a launchpad for further upward momentum. As the crypto market closely watches Bitcoin’s bid for a new all-time high, Solana investors are bracing for potential volatility. In this uncertain landscape, Solana remains a focal point for investors who see an opportunity if support holds steady. Solana Holding Key Demand Level Solana (SOL) has emerged as one of the stronger-performing altcoins this cycle, drawing significant attention as it tests a key demand level that could drive it toward new highs. Prominent analyst and investor Carl Runefelt recently shared a technical analysis on X, indicating that SOL may briefly dip to around $160 before staging a push to retest its recent high at $180. According to Runefelt, this $160 level represents a critical support zone for Solana, as holding above it is essential to sustain the altcoin’s bullish momentum and confirm its ongoing uptrend. Runefelt’s analysis emphasizes the importance of this support level in fueling Solana’s potential for gains, suggesting that it could serve as a springboard for a substantial rally. If SOL successfully holds above $160, a surge to test local highs would not only reinforce confidence among investors but also set the stage for Solana to push into new territory if broader market conditions remain favorable. The coming week could prove pivotal for SOL as the market braces for heightened volatility with the US election on the horizon (Nov 5) and Bitcoin nearing its all-time high. As investors monitor macro events and Bitcoin’s movements closely, Solana’s technical setup around $160 will be a focal point for those seeking to capitalize on the altcoin’s potential gains. If Solana maintains its bullish structure, it could play a key role in leading the altcoin market forward in this cycle. SOL Technical Levels To Watch Solana is trading at $166 after a slight rebound from the $163 level, maintaining a strong position above the critical $160 support zone. This level has proven to be a vital threshold for SOL, as a sustained hold here could set the stage for a rally toward higher resistance levels. If buyers successfully defend $160, it may serve as the foundation for a climb to $183 and potentially beyond, with higher supply zones likely to be tested. Analysts are watching this level closely, as it could either reinforce SOL’s bullish structure or signal the need for further consolidation. A breakdown below $160, however, would likely lead to a deeper correction, prompting traders to recalibrate their expectations as Solana seeks lower support levels. The next few days will be crucial as the market evaluates SOL’s strength at $160 and prepares for potential moves to new highs. Featured image from Dall-E, chart from TradingView

The price of Bitcoin recorded significant leaps in the past month rising by 14.74% according to data from CoinMarketCap. During this price rally, the premier cryptocurrency came close to establishing a new market all-time high, reaching a local peak of $73,149 on October 29. Interestingly, CryptoQuant CEO Ki Young Ju has stated a certain condition needed to sustain this price gain. Low Stablecoin Exchange Reserve Provides Need For Bitcoin ETFs In a series of X posts on November 1, Ki Young Ju stated that stablecoins currently provide an insufficient amount of liquidity to sustain the present buying pressure on Bitcoin. This observation is particularly important as traders commonly rely on stablecoins to acquire volatile assets such as Bitcoin, due to their fixed dollar value. Therefore, a higher stablecoin exchange reserve translates into significant potential for an impending price gain via wide-scale purchase. However, According to Young Ju, crypto exchanges currently hold only 21% of the total stablecoin market i.e. $34 billion of $166 billion, as most of these tokens are currently being used for storage or remittances. This development represents a slow rise in the stablecoin exchange reserve of $30 billion recorded in September 2021 during the last bull run, despite a 33% growth in total stablecoin shares in the same period. Currently, the Bitcoin-to-stablecoin reserve ratio is 6.05, similar to the value seen at the last ATH. Therefore, in order to maintain BTC’s present upward trajectory, Ki Young Ju postulates that the Spot Bitcoin ETFs, alongside Coinbase USD reserves, have to provide much-needed market liquidity. Notably, the Spot Bitcoin ETFs can be said to be behind Bitcoin’s current rally considering their impressive inflows record of over $5 billion in the past three weeks. Of this figure, BlackRock’s IBIT has led the market recording investments of $4.44 billion in this timeframe. Ki Young Ju states that it is important the Bitcoin ETFs maintain this momentum as a breakdown in pace will reduce buying pressure, especially from brokerage firms such as Coinbase Prime, which may result in Bitcoin falling back into consolidation. Bitcoin Price Overview At the time of writing, Bitcoin was trading at $69,608 reflecting a 1.32% loss in the last 24 hours. However, the asset’s trading volume is up by 25.61% and is valued at $51.56 billion. For the premier cryptocurrency, a return to above $73,000 remains much on the card, especially with the potential of sustained ETF flows and the upcoming US elections. If pro-crypto Donald Trump secures a victory on the ballot, Bitcoin should definitely establish a new all-time high with expectations of reaching $90,000-$100,000 at the end of 2024.

Bitcoin is showing resilience, holding firm above the $69,000 mark after a slight pullback from recent local highs at $73,600. Following weeks of bullish momentum and nearing its all-time high, BTC has settled just below the critical $73,794 resistance, a key level that, if surpassed, would push the cryptocurrency into price discovery mode. According to data from CryptoQuant, short-term holders are experiencing a net profit-to-loss of negative 20 BTC, indicating a wave of panic selling among retail investors. This type of behavior, often driven by fear, uncertainty, and doubt (FUD), can precede a significant price surge as stronger hands accumulate BTC at lower prices. Historically, similar sell-offs by retail investors have been followed by renewed upward momentum as longer-term holders seize the opportunity to enter or reinforce their positions. If Bitcoin can maintain support above $69,000, the odds of a breakout past its all-time high increase substantially. Market watchers are now closely monitoring the resistance level, as surpassing it could trigger a wave of buying interest and push BTC into new highs. The coming days may prove crucial, setting the stage for Bitcoin’s next big move. Bitcoin Weak Hands Selling Bitcoin recently attempted a breakthrough to new heights but failed to breach its all-time high of $73,794, entering a consolidation phase as the market eyes key events: next week’s U.S. election and the Federal Reserve’s anticipated interest rate decision. CryptoQuant’s recent data, shared by analyst Axel Adler on X, points to a noteworthy trend among short-term BTC holders. The net profit-to-loss ratio for these holders shows a negative balance of -20 BTC, indicating a wave of panic selling following Bitcoin’s struggle to establish new highs. This sell-off among short-term investors, who tend to react more quickly to market volatility, suggests some caution amid uncertainty. Adler emphasizes that in such turbulent times, a long-term “HODL” (hold on for dear life) approach can be the most beneficial strategy. Holding strong through market noise has historically rewarded BTC investors who keep their positions intact during periods of retracement and heightened volatility. With Bitcoin’s all-time high in sight, a successful breakout would likely signal the beginning of a broad market bull run. The coming days are critical as Bitcoin sits at a pivotal point in its cycle, balancing between strong consolidation and the possibility of explosive growth. The influence of the Federal Reserve’s decision on interest rates, paired with potential election outcomes, could create the market conditions needed for BTC to push past its all-time high. If this level is breached, it would not only affirm a bullish outlook for BTC but likely set off a rally across the entire cryptocurrency market. BTC Holding Above Key Support Bitcoin is currently trading at $69,620 following a retrace from its recent high near $73,600. Despite this pullback, bulls remain in control as BTC holds firmly above the crucial $69,000 support level—a price point that acted as resistance since late July. This level has now transformed into strong support, bolstering bullish sentiment in the market. If Bitcoin holds above $69,000, a renewed push above all-time highs seems likely. Breaking this resistance would propel BTC into uncharted territory, potentially sparking a fresh wave of bullish momentum and price discovery. However, if the price dips below this mark, it could signal a need for a more significant correction to gather enough buying power for the next move up. The $69,000 level serves as a key indicator of market confidence, as losing it would imply that BTC might temporarily seek lower support levels to attract new buyers and stabilize before another attempt at new highs. For now, Bitcoin’s price structure remains strong, and as long as this support holds, the market anticipates further upside momentum in the coming days. Bulls are closely watching this level, as it may define the next phase of Bitcoin’s bull run. Featured image from Dall-E, chart from TradingView

Ethereum (ETH) exhibited a dual-phased market movement in the last week rising by over 9% to reach a local peak of $2,711 on October 30, before declining by an almost similar measure. As the prominent altcoin now hovers around the $2,500 price mark, crypto analyst Ali Martinez has highlighted an important market condition that could ignite a price rebound. Ethereum Buy Signal Subject To Vital Price Support In an X post on November 1, Martinez stated that TD Sequential has indicated a buy signal on the ETH 4-hour chart. For context, the TD Sequential commonly used trading indicator to signal potential turning points in price trends and provide signals for trend exhaustion or potential price reversals. Following Ethereum’s decline over the past 48 hours, TD Sequential has flashed a buy signal, indicating a possible price recovery on the horizon. However, Martinez states that for this bullish signal to prove true, Ethereum must remain above the $2,480 support zone. A potential price drop below this support level would result in a further decline to $2,200, indicating a potential 12% decrease from the token’s current price. However, Ethereum is expected to rebound to around $2,700 if the specified support zone holds. Interestingly, fellow market analyst Michaël van de Poppe has provided some valuable insights into Ethereum’s price if this successful price recovery occurs. In a post on X, van de Poppe applauds the resilience of Ethereum despite the rise in US permanent job losses as revealed by the recent unemployment data by the Bureau of Labor Statistics. He also notes ETH has been a range-bound market oscillating between $2,200-$2,700 since August. However, van de Poppe states that if Ethereum returns above $2,700 in the next two weeks, the altcoin may surge to around $3,200 in the next few weeks, finally breaking out of consolidation. In addition, the crypto analyst continues to reiterate his projections of Ethereum to outperform Bitcoin in the coming months as the latter approaches its peak dominance level. Ethereum is expected to lead the “altcoin season” with predictions of hitting a five-digit value next few months. ETH Price Overview At the time of writing, Ethereum continues to trade at $2,514 following a minor decline in the past day based on data from CoinMarketCap. Meanwhile, the altcoin reports gains of 2.09% and 6.06% in the last seven and thirty days, respectively. ETH’s daily trading volume is also up by 4.70% approaching a value of $20.85 billion.

Michel sentenced for defrauding investors through Mutant Ape Planet NFTs. Court ordered $1.4 million forfeiture and a $15,000 fine. Aurelien Michel, the developer behind the controversial Mutant Ape Planet NFT collection, has been sentenced to a month of incarceration and ordered to forfeit $1.4 million in fraud-related penalties. The decision, handed down by U.S. District Judge Margo Brodie, comes as part of a case involving Michel’s alleged scheme that defrauded investors of nearly $3 million. Michel had already served the month-long lockup before sentencing, which took place on November 1. Alongside the forfeiture, he was fined an additional $15,000. While federal prosecutors sought a more severe 37-month prison term, Michel’s defense argued that the purported losses from the scheme were exaggerated. His attorneys contended that NFT purchasers received “digital artwork,” suggesting that the true extent of financial damage remained ambiguous. Judge Brodie acknowledged the complexities surrounding the case. He remarked that while Michel and his co-conspirators garnered $2.9 million from the project, the value received by NFT buyers was unclear. “What that value is, is unclear,” Brodie stated. He reflected on the judge’s difficulty in determining the precise losses experienced by investors. Michel’s Long Legal Story Michel’s legal troubles began in January 2023 when he was arrested in New York, following an investigation by Homeland Security. The Department of Justice revealed that Michel had confessed via social media to executing a “rug pull,” claiming, “We never intended to rug but the community went way too toxic.” This statement highlighted the fraught relationship between the NFT developer and the investor community. Moreover, the Mutant Ape Planet collection, which consists of 6,797 NFTs on the Ethereum blockchain. It has seen its market performance falter dramatically since its launch in January 2022. With total sales amounting to 567 Ether, the average price of the NFTs has significantly declined. It further complicates the narrative of value for those who invested in the collection. As the case unfolds, it raises broader questions about accountability and the risks associated with the rapidly evolving world of NFTs and digital assets. Highlighted News Of The Day MicroStrategy Moves Bitcoin Post Revealing its BTC Treasury Plans

MicroStrategy moved 1.652K Bitcoin to an anonymous wallet in the past day. The firm recently unveiled its BTC Treasury plans along with its Q3 report. A weekend lull has begun to spread over the crypto market after a week-long action. On turning towards the cryptocurrency price, this can be seen reflected in several digital assets’ mild price movements. Amid these instances, the MicroStrategy firm has garnered market attention with its recent Bitcoin movements. According to LookOnChain reports, MicroStrategy transferred 1.652K Bitcoins to an anonymous wallet identified with the address – “bc1q3”. The tokens worth $114.38 million were the first movement after the firm announced its Bitcoin treasury plans. Previously, 2 days ago, it received a total of 4.167K Bitcoin worth $2943 million. Additionally, the digital asset firm has a total holdings of 77.644K Bitcoins as per Arkham Intelligence data. MicroStrategy also recently released its Q3 reports along with which it unveiled its aforementioned Bitcoin Treasury Plans. Phong Le, the CEO of MicroStrategy stated in the announcement: As stated by the Executive Officer, the company plans to accumulate $42 billion worth of Bitcoin in the coming years. Out of which they plan to allocate $21 billion for equity and $21 billion of fixed income securities. It plans to use additional funds to buy Bitcoin as well. How Has MicroStrategy Progressed Toward Bitcoin Accumulation? According to the firm’s Q3 report, it has seen a year-to-date BTC yield of 17.8%. It further plans to increase this rate to an annual yield of 6% to 10% between the years 2025 to 2027. Additionally, the firm’s total Q3 revenue was reported to be $116.1 million. Moreover, MicroStrategy has made several advancements in the past few months that depicts its progress towards Bitcoin accumulations. The firm founder Michael Saylor recently announced the aim to develop MicroStrategy to be the largest Bitcoin bank. Additionally, the firm has also been making several BTC purchases in the last few months. Recently, the firm’s leveraged ETF has hit $1 billion in AUM amid the Bitcoin price surge, on October 29. Highlighted Crypto News Today: Coinbase Calls Out FDIC for Restricting Crypto Banking Access

Coinbase reveals FDIC’s advisories against banks offering crypto services. Legal actions highlight demand for transparency in cryptocurrency regulation. Coinbase has revealed troubling findings about the Federal Deposit Insurance Corporation (FDIC), uncovering over 20 instances where the regulator advised banks to avoid providing crypto-related services. This information emerged following the exchange’s recent Freedom of Information Act (FOIA) requests aimed at shedding light on the ongoing governmental crackdown on cryptocurrencies. In a statement on November 1, Coinbase’s Chief Legal Officer, Paul Grewal, expressed concern over the FDIC’s actions, which he described as attempts to restrict financial access for law-abiding businesses. The documents submitted to the court illustrate the FDIC questioning banks’ risk assessments concerning cryptocurrency services. It often advises them to “pause” or “refrain” from offering such services until they conduct further reviews. Moreover, Grewal highlighted the lack of transparency in the FDIC’s operations. He emphasized that the agency operates behind a “bureaucratic curtain” instead of engaging in open discussions. This pattern of behavior raises questions about regulatory fairness and the implications for the broader crypto industry. Coinbase Against SEC Coinbase’s legal battles are not limited to the FDIC; the company has also filed lawsuits against the U.S. Securities and Exchange Commission (SEC) seeking clarity on regulatory expectations. As the cryptocurrency sector faces increasing scrutiny, Coinbase’s efforts highlight a growing demand for clear and consistent regulatory guidelines. It could foster innovation while ensuring compliance. With the 2024 U.S. presidential election approaching, Coinbase is prepared to collaborate with either major party, advocating for a more transparent regulatory environment that supports the burgeoning crypto market. Highlighted News Of The Day UBS Launches First Tokenized Money Market Fund in Singapore

On Friday, November 1, the BNB Foundation announced the successful completion of the 29th quarterly burn by the BNB Chain. This latest event of the routine token burn reiterates the project’s commitment to a deflationary approach in order to ensure growth. A total of 1,772,712.363 BNB tokens (worth approximately $1.07 billion) were automatically burned in this quarter’s event. According to the foundation’s blog post, this quarter’s burning was (and subsequent token burning events will be) performed directly on Binance Smart Chain (BSC), with the burn amount sent to a “black hole” address. Can The Latest Burn Event Propel BNB’s Price To $600? Token burning, a process in which tokens or coins are purposely and permanently removed from circulation, is carried out to trigger an increase in a token’s value. Similarly, the quarterly token burn can have a significant impact on BNB’s price by decreasing the total supply, thereby creating a deflationary effect. Moreover, the consistency of the quarterly BNB burns shows the dedication of the foundation to the long-term growth and success of the token. This positive trend could favorably impact general market sentiment, as it strengthens investors’ trust in BNB’s potential as a stable investment. However, it is worth looking at the impact of previous quarterly burns on the BNB price to be able to gauge the potential effect of the latest event. Notably, the 28th token burn, which was completed on July 22, 2024, didn’t exactly have a bullish impact on the value of the fourth-largest cryptocurrency. According to data from CoinGecko, the price of the BNB token sat just above $600 as of July 22. Unexpectedly, the token’s price fell more than 22% to a low of $464 about two weeks after the burn event. BNB’s value seemed to have crumbled under the bearish climate of the general market. The BNB token has mostly been in a consolidation range over the past few months, mirroring the state of Bitcoin and the general crypto market. Fortunately, the premier cryptocurrency seems to be back in the bullish zone after returning to $70,000 for the first time since June. If the strong positive correlation between BNB and Bitcoin plays out, it means that investors could see Binance’s native token resume its upward trend. Hence, BNB seems to have a positive outlook and could soon reclaim $600, especially if the flagship cryptocurrency remains bullish. BNB Price At A Glance As of this writing, the value of BNB stands around $571.8, reflecting a 0.6% price dip in the past 24 hours.

Solana (SOL) trades at $166 after losing 0.10% in the last 24 hours. The market observed a liquidation of $13.61 million worth of SOL. The cryptocurrency market has been in a brief bearish turn over the past 24 hours. The assets have lost their momentum and began to slide down. Nonetheless, the current market volatility is unpredictable, with mixed signals. Solana (SOL), the fifth-largest cryptocurrency, has faced the downturn and lost over 0.10%. Over the last 24 hours, SOL managed to hit a high of $173.85. Despite the surge, the price couldn’t rise further and instead dropped to a low of $164. At press time, Solana is trading at the $166 mark. Amid this, SOL’s daily trading volume is positioned at around $2.85 billion, according to CMC data. Zooming in at the price momentum of SOL, a 0.10% spike is marked over the last seven days. The altcoin began trading in the $166.64 range. Eventually, the token’s price climbed to a high of $182.97. On the other hand, on-chain data reveals the Pump.fun platform’s fee account has recently sold 90,000 SOL, worth $15 million. To date, the platform has earned 1,093,493 SOL, valued at around $184 million in total revenue, out of which it has sold 635,843 SOL at an average price of $159. Will Solana’s Price Rebound Soon? Solana’s four-hour technical chart highlights the ongoing negative market sentiment, and the asset is in its weak position as the daily RSI sits in the 38 range. Moreover, the asset’s daily frame indicates the short-term 9-day moving average below the long-term 21-day moving average. The Moving Average Convergence Divergence (MACD) indicator of Solana is positioned below the signal line, suggesting downside pressure and the incoming bearish trend. SOL chart (Source: TradingView) Besides, the Chaikin Money Flow (CMF) line stays at -0.33, which indicates the decreased money flow with selling pressure. Whereas, the trading volume has spiked by 1.80%. The price of SOL could test the immediate support level at $163.55. The price might plunge further to a low in the $159 range if the selling pressure grows. On the flip side, if the bullish momentum regained strength, SOL could jump to the $169.91 mark. Further correction on the upside might push the price to a high of $173.27. Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing. Highlighted Crypto News Ethereum Sustains Bearish Trend at $2.5K Despite High Volatility

Ethereum price has factored in an additional 0.48% price dip over the last 24 hours. The altcoin’s daily trading volume also dipped by 15.77% as per CMC data. The global crypto market pendulum has hit an early swing to market revival after this month’s initial drop. Meanwhile, in an interesting turn of events, stablecoin issuer, Tether has announced the launch of its Dirham-pegged stablecoin soon. With such updates, the digital asset space has shown a spur of activity as we reach another week’s end. On the other hand, Bitcoin has seen a modest increase as prices maintain at $69K after the previous day’s 4% dip. However, the leading altcoin Ethereum has incurred a further price dip of 0.48% locking its consolidation to a previous support at $2.5K. This past day’s price action began from a high of $2,583 to current levels. Additionally, the altcoin also exhibited increased volatility over the past few weeks. Its current RVI value stands at 53.07 indicating the price fluctuations. At the time of writing, ETH was trading at $2,509 as per CMC data. However, previously ETH, during the bullish market price actions, attempted to break resistance at $2,600. This can be observed by inferring the token’s weekly price chart. Ethereum’s weekly chart shows that the altcoin has factored in a 1.59% price increase. At the beginning of the week, ETH was trading at a low of $2,461 after which it moved upwards to a weekly high of $2,722 before sliding down to current levels. Ethereum Price Monthly Overview In the last 30 days, Ethereum has shown a modest increase of 4.39% in price. At the month’s beginning, the altcoin was trading at a low of $2,311 after which it progressed upwards. On analyzing its price actions, the altcoin shows a horizontal channel pattern. This further highlights the aforementioned price consolidation. ETH/USDT Daily Price Chart (Source: TradingView) Moreover, Ethereum’s bull power indicator’s value stands at 2.54 while the bear power indicator’s value stands at 2.58 as per TradingView data. In order for the altcoin to witness a bullish takeover, it has to break out of this consolidation phase and overtake the bearish trend. Meanwhile, other cryptocurrencies such as Solana and Cardano have shown recovery from the previous day’s dip. Highlighted Crypto News Today: How This Solana DEX Token Surged 100% During Uptober?

Bitcoin struggles to sustain gains, dropping below $70K. Whale activity sparks concern, but accumulation trends suggest potential bullish recovery. Bitcoin (BTC) recently faced a sharp decline after touching impressive highs. On 30 October, BTC surged to $73,500, continuing its pattern of “Uptober” gains. However, it failed to sustain momentum, slipping below the crucial $70,000 level. As of now, Bitcoin is trading around $69,561, reflecting a slight 0.07% uptick in the past 24 hours, while trading volume has dropped by 0.65%, according to CoinMarketCap data. Over the past week, Bitcoin recorded a 4% increase. Still, bearish sentiment crept back into the market following a significant 4% drop over the past 24 hours, likely influenced by whale activity. Whale Alerts reported a massive transfer of 8,000 BTC (valued at $567 million) from an unknown wallet to Coinbase. Typically, such movements can spark concerns about sell-offs, but on-chain analysis from Lookonchain suggested a different scenario. A whale appeared to buy the dip, acquiring 550 BTC worth $38.68 million. Nevertheless, Bitcoin’s Relative Strength Index (RSI) showed a decline, reflecting weakened momentum. Meanwhile, Institutional leaders remain highly bullish on Bitcoin. For example, Michael Saylor, former CEO of MicroStrategy, commented recently that Bitcoin is succeeding faster than any monetary economic idea in the history of the world. Can Bitcoin Bulls Own The November? Technical indicators reveal mixed signals. The 9-day Moving Average (MA) remains above the 21-day MA, indicating bullish potential. Bitcoin’s support sits near $68,590; holding this level could push BTC back toward the $73,000 mark. However, if it fails, a decline to $66,000 could be on the horizon. Bitcoin Price Chart, Source: Sanbase Moreover, market sentiment indicators like the Fear and Greed Index also flashed “extreme greed” on Thursday. Historically, this has hinted at market corrections, and recent liquidations of over $250 million in bullish futures further emphasize investor caution. With U.S. elections approaching and global economic uncertainties, BTC’s outlook remains volatile. Bulls aim to break resistance at $71,500, while bears threaten further losses if Bitcoin falters. Traders should monitor volume trends and macroeconomic factors closely. Highlighted News Of The Day How This Solana DEX Token Surged 100% During Uptober?

Mt. Gox, which was once the largest cryptocurrency exchange globally before its shutdown in 2014, recently transferred 500 Bitcoin (worth roughly over $34 million) to two unidentified wallets. This transaction, conducted early Friday, marked the first transfer from the defunct exchange since late September of this year. Details Of The 500 BTC Transfer Blockchain analytics firms such as Lookonchain and Arkham has reported that 31.78 BTC was sent to one address and 468.24 BTC to another, with both wallets subsequently dispersing portions of the funds to various other addresses. While the recipients of these funds remain unknown, the transaction has sparked speculation. However, past transfers from Mt. Gox wallets have often signaled upcoming repayments to creditors, who have been awaiting compensation since the platform’s collapse. These prior distributions were typically facilitated through major crypto exchange platforms such as Bitstamp and Kraken. Currently, Mt. Gox retains a substantial holding of 44,905 BTC, valued at more than $3 billion. This recent transfer follows an October announcement by Mt. Gox that extended its repayment deadline from October 31, 2024, to October 31, 2025. Bitcoin Price Performance Following The Transfer Following the recorded transfer from Mt.Gox, Bitcoin’s price initially surged, reaching a 24-hour high of $71,500 in the early hours of Friday. However, a correction has followed, with Bitcoin now trading down by 1.5%, settling at a price of $69,450, at the time of writing. This dip is seen as a disappointment to investors, especially as Bitcoin recently experienced an optimistic rally that nearly pushed it above its all-time high of $73,737 set in March 2024. Despite the slight downturn, Bitcoin’s market fundamentals remain resilient. A recent analysis by a CryptoQuant analyst highlights that significant buying pressure is emerging from Binance futures whales, who are reportedly driving much of Bitcoin’s recent gains. According to the analyst, this futures-led buying momentum marks the strongest pressure observed in the Binance futures market since September 2023. This trend is not only visible with Bitcoin but also extends to other major assets like Ethereum, indicating broader market engagement from high-value traders. Interestingly, in spite of the current decrease in BTC’s price, the asset’s daily trading volume has seen an opposite trend rising from below $45 billion as of yesterday to above $52 billion, at the time of writing, Featured image created with DALL-E, Chart from TradingView