SEC filings revealed Emory holds 2,678,906 ETF shares as of September 30. This marks the first public Bitcoin investment by an American university. Emory University recently reported a notable $15 million investment in the Grayscale Bitcoin Mini ETF, marking it as the first American university to publicly disclose Bitcoin holdings. According to filings with the U.S. Securities and Exchange Commission (SEC) dated October 25, Emory held 2,678,906 shares in the ETF, valued at $15,082,241 as of September 30. This investment reflects a growing trend among institutional investors exploring digital assets, particularly cryptocurrency-focused ETFs. Emory’s announcement comes amid a broader institutional interest in crypto-focused funds. Recent spot Bitcoin ETF activity has shown a notable uptick, highlighting investor optimism about the sector. For instance, on October 24, total inflows for Bitcoin ETFs reached $188 million. BlackRock’s iShares Bitcoin Trust (IBIT) alone accounted for $165.5 million, demonstrating high demand. A shift in Institutional Preferences for Bitcoin Investments Meanwhile, Bitwise’s Bitcoin Strategy ETF (BITB) saw $29.6 million in inflows, reflecting a similar pattern. However, Grayscale’s larger Bitcoin Trust (GBTC) saw an outflow of $7.1 million, showing a shift in preferences within institutional circles. Despite these mixed movements, the steady growth in ETF inflows suggests continued confidence in Bitcoin among established financial entities. Grayscale’s Bitcoin Mini Trust has experienced renewed attention, particularly following its launch on July 31, 2024. On its opening day, the fund attracted an impressive $18 million, followed by a substantial $191 million on its second trading day. This strong start helped reignite interest in spot Bitcoin ETFs, which had previously faced challenges due to market volatility. This trend has been fueled by recent regulatory approvals and increased spot ETF participation. BlackRock’s IBIT also reflected positive momentum, with its trading volume surpassing $2 billion on October 25. As the popularity of Bitcoin ETFs rises, Emory University’s involvement highlights the increasing role of educational institutions in adopting digital assets. This historic move by Emory may pave the way for other U.S. universities to consider digital assets in their investment portfolios. Highlighted Crypto News Today Will Bitcoin Rebound to $68K Despite Tether Scrutiny?

Bitcoin dipped to $65,521 from a high of $68,722, reflecting a 5% loss influenced by Tether’s scrutiny. Currently, Bitcoin has bounced back to $67K amid ongoing volatility. The global crypto market is heating up with various news, that led Bitcoin (BTC) to dip to $65,521 from the high of $68,722. This 5% drop followed reports from the Wall Street Journal claiming that Tether, a major player in the crypto space, is under investigation by U.S. authorities. Tether and its CEO quickly dismissed the claims, labeling them as “regurgitating old noise,” but the damage was done, affecting market sentiment significantly. As Bitcoin fell, other major cryptocurrencies also took a hit, leading to a 10% decrease in daily trading volume across the global market. This slump triggered widespread liquidations in crypto derivatives markets, with a total of 139,577 traders wiping out $391 million over the past 24 hours. Most notably, $325 million of this was related to long positions, just as Bitcoin was approaching the $69,000 mark prior to the Tether news. Further complicating matters, reports of an Israeli missile strike on Iran added to the market’s unease, showcasing how geopolitical tensions can ripple through crypto prices. Analyzing Bitcoin’s Current Price Action and Volatility Despite these setbacks, Bitcoin’s weekly performance reflects a modest decline of only 2%, having tested the $69,519 level on October 21. On a positive note, Bitcoin is still up about 5% for the month, rebounding from a dip to $59,500 earlier in October. At the time of writing, BTC was priced at $67,039. Zooming in, the 4-hour BTC/USDT technical analysis shows increased volatility, with the RVI at 50. Additionally, the BBPT indicates bullish potential at levels 1.92 and 2.00, while the low bearish threshold of 0.08 and a trend value of 0.67 suggest a cautious, low-volatility environment. For bulls to regain control, Bitcoin’s volatility must decrease. Meanwhile, the RSI is at 51, reflecting a neutral market position where neither bullish nor bearish momentum is clearly prevailing, as per TradingView data. Overall Outlook: Bitcoin could see slight upward momentum if it breaks through resistance levels at $67,250 and $68,220. However, with the current neutral RSI and mixed signals from the BBPT, the price may also remain range-bound until stronger bullish or bearish indicators appear. A breakout above the bullish levels could facilitate upward movement, whereas a drop below the support level of $66,150 may lead to increased selling pressure.

As UXLINK celebrates its 30,000,000 user milestone, the company is positioning itself to become the ultimate platform and infrastructure provider, uniting users, developers, and lifestyle applications under one seamless account and gas system. “UXLINK’s vision is to be the bridge that connects Web3 with everyday life,” said Chief Visionary Officer of UXLINK. “With our unique ‘one account, one gas’ system, we’re creating an ecosystem that simplifies interactions and drives adoption.” The UXUY on-chain points are central to this mission, with their decentralized, transparent, and non-transferable nature. The system promotes genuine community contributions and ensures that all participants are verified real individuals, fostering trust and engagement. Looking ahead, UXLINK plans to expand its platform to support more social applications and blockchain networks, ensuring scalability as the platform grows to 100,000,000 users. About UXLINK: UXLINK is the world’s largest Web3 social platform, bringing people, developers, and apps together in a decentralized ecosystem. With its UXUY on-chain point system, used by over 10,000,000 holders, UXLINK rewards community contributions in a transparent and secure way. The platform supports multiple blockchains and popular social apps, all connected through a simple “one account, one gas” system. As UXLINK continues to grow, it’s shaping the future of Web3 by making blockchain technology accessible, scalable, and easy to use. For more information, visit www.uxlink.io. Contact Details: UXLINK: https://www.uxlink.io/ Twitter: https://twitter.com/UXLINKofficial Telegram: https://t.me/uxlinkofficial, https://t.me/uxlinkofficial2 CMC: https://coinmarketcap.com/currencies/uxlink/ Contact Information: Sean CEO of UXLINK [email protected] Media Contact: Rachita Chettri MediaX Agency [email protected] Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

OnEquity is proud to announce that it has been honored as the Most Transparent FX Broker 2024, awarded by Forex Expo Dubai 2024. This recognition highlights the company’s ongoing commitment to integrity and client satisfaction, showcasing OnEquity’s dedication to providing a transparent trading environment that builds trust and confidence among clients and partners. The award was presented at the Forex Expo Dubai 2024, which took place on October 7 & 8 at the Dubai World Trade Centre. As a diamond sponsor, OnEquity welcomed many visitors, fostering connections and valuable interactions that underscored the event’s significance in the financial services industry. The relationships built at the expo are expected to pave the way for future collaborations and innovations in technology. Receiving this award reflects our dedication to providing clear, reliable, and transparent trading conditions in the currency markets. We are truly honored to be recognized on such a global stage for our commitment to empowering traders to succeed in optimal trading environments. Thank you for being part of our journey and for your continued trust in OnEquity. We look forward to reaching new heights together! For more information on OnEquity’s offerings or to follow its journey, please visit the website or connect with OnEquity on social media. About OnEquity OnEquity is a premier Forex and CFDs broker providing a broad range of financial products, including Forex, Commodities, Energies, Indices, Stock CFDs, and Crypto CFDs. With leverage up to 1:1000, OnEquity offers flexible trading opportunities. Traders benefit from competitive conditions like zero commissions on Plus accounts and no deposit or withdrawal fees. Variable spreads, starting at 0.0 pips on EUR/USD, enhance trading value. Hosted in Equinix data centers, OnEquity’s robust infrastructure ensures optimal performance and reliability. The platform supports MetaTrader 4 and 5 and features a PAMM service for managed accounts. Committed to trader education and satisfaction, OnEquity provides in-depth market insights, news analysis, and educational resources. Regulated in multiple jurisdictions with segregated client funds, OnEquity maintains high safety standards for peace of mind. For more information about OnEquity, please visit https://onequity.com. For insights into our customer satisfaction, check out our Trustpilot reviews at https://www.trustpilot.com/review/onequity.com.Risk Disclosure: Trading in financial instruments involves substantial risk and may not be suitable for all investors. The value of investments is volatile and can result in total loss of capital. Investors should consider their financial situation, investment experience, and risk tolerance, and may seek professional advice. Past performance is not indicative of future results. Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

Ethereum (ETH) has experienced a lackluster phase in recent weeks, with the asset seeing small price surges but still struggling to hold near or above the $3,000 mark after a brief rally in August. According to a recent analysis from a CryptoQuant analyst, the behind the scenes of this price struggle for ETH has been quite interesting, with the asset seeing a significant shift in its netflow. This shift in Ethereum’s netflow could have significant implications for ETH, potentially influencing the market’s reaction positively or negatively. Dissecting The Ethereum Netflow The CryptoQuant analyst Amr Taha revealed in a recent post on the CryptoQuant QuickTake platform that Ethereum has recently experienced a spike in netflows, with approximately 96,000 ETH moving into derivative exchanges. According to Taha, this influx could indicate that traders are positioning for potential price shifts, as large transfers to derivatives platforms have historically preceded periods of increased volatility or even corrections. Taha’s analysis, backed by previous spikes in May and early July, suggests that Ethereum’s current activity might foreshadow a heightened period of market movement. The analyst wrote: Market Sentiment Drawn From Bitcoin In addition to Ethereum’s netflows, Taha delved into Bitcoin’s Futures Sentiment Index, observing that this metric shows peaks in sentiment that may serve as indicators of broader market behavior. He pointed out three instances where the sentiment index spiked, marked by red-circled peaks (in the chart above), each time coinciding with a local market top. This trend implies that, following peaks in trader sentiment, Bitcoin’s price typically experiences a decline. The sentiment index, thus, can serve as a “contrarian indicator”—when optimism peaks, price corrections often follow. These sentiment patterns may signal that investors should brace for potential volatility for Ethereum, which is highly correlated with Bitcoin. Meanwhile, Ethereum has continued to hover somewhere below $3,000. So far, the asset has registered a correction in the past week, dropping by 3.1%. However, the past day performance is attempting to be more positive. Over this period, Ethereum has seen a slight increase of 0.9%, rising to as high as $2,559 earlier today before now trading for $2,541, at the time of writing. Despite the notable fluctuation the asset has seen in the past week alone, rising to above $2,700 and dropping below $2,500, Ethereum daily trading volume seems to have maintained composure. Data from Coingecko shows that this metric has remained between $15 billion and $19 billion in the past week with no major spike or decline. Featured image created with DALL-E, Chart from TradingView

The current trajectory of Bitcoin (BTC) prices could push it to the $100,000 mark within the next 90 days, regardless of the results of the U.S. presidential election. Bitcoin At $100,000 By February 2025? Crypto analyst Timothy Peterson suggests that BTC’s current price movement is not substantially different from previous trends, raising questions about the “diminishing marginal returns” theory. From an investor’s perspective, Bitcoin’s diminishing marginal returns theory implies that each halving cycle leads to smaller successive price gains, as the digital asset’s total market cap matures and its supply shocks have a reduced impact on driving up demand. This suggests that while BTC may continue to grow, the extraordinary returns seen in early cycles could decrease over time. However, Peterson’s assessment appears to dismiss this theory. To recall, BTC made its all-time high (ATH) of $73,737 in March 2024. Since then, the leading cryptocurrency has been consolidating for almost eight months in a wide price range, reaching as low as $54,000. At the time of writing, BTC trades at $67,998, about 10% lower than its ATH. Peterson argues that BTC’s movement just above the red trendline would put the digital asset at $100,000 within 90 days. The analyst added that such a move will be “completely within reason.” He added: Furthermore, the analyst suggested that according to other data-driven metrics he’s monitoring, BTC is not overpriced at its current market valuation, and the probability of a drop below $60,000 is increasingly unlikely. Focus On BTC Year-End Price Predictions While Peterson envisions BTC nearing $100,000 within three months, other analysts and industry insiders have varying expectations. For instance, options market traders expect BTC to break through its previous ATH by November end, no matter who becomes the next US president. Similarly, in a recent client memo, Bitwise CIO Matt Hougan outlined several factors that could force BTC to “melt-up” to $80,000 in Q4 2024. These factors include the potential victory of Republican candidate Donald Trump, additional interest rate cuts by the U.S. Federal Reserve (Fed), and an extended period free of major negative developments in the crypto sector. Besides the aforementioned factors, the optimism toward a year-end BTC rally is also fueled by rising retail demand for the premier digital asset. Recent analysis by CryptoQuant highlighted that Bitcoin transactions worth less than $10,000 are on an uptrend, indicating renewed retail demand as the market gradually pivots from risk-off to risk-on mode. BTC trades at $67,998 on the daily chart at press time, up 1.1% in the past 24 hours.

Ethereum is the laggard in this bullish cycle. When Bitcoin soared to register fresh all-time highs, easing past $70,000 in March, ETH prices struggled to break $4,000. When it did, the best the coin could do was retest $4,100 before dumping hard. In the past seven months, after the second most valuable coin registered 2024 highs, it is down nearly 40%. Considering its performance over the past three months, there are concerns that Ethereum could post even more losses. Technically, this may be the case should it fail to breach $3,000 in the coming sessions. Don’t Blame Ethereum Or Its Leaders For ETH’s Underperformance Taking to X, one analyst thinks ETH is trailing Bitcoin, Solana, and even Tron, not because of how the network is designed or its leadership. In his view, the dismal performance over the past seven months concerns the “uninformed” investors. Admittedly, after prices peaked in March, Vitalik Buterin and the Ethereum Foundation have been offloading their stash. According to Dune, the foundation has been transferring coins regularly. On September 6, they moved 1,000 ETH when the coin changed hands at $2,300. Most of these coins were sent to exchanges for liquidation. Although Buterin sells ETH from time to time, the co-founder has been selling meme coins heavily and donating to various charities across the globe. Usually, whenever a senior executive or foundation sells, it is bearish. However, pointing to the analyst’s assessment, their actions, including many others centered on network improvement, aren’t a big concern. ETH To Be A Better Store Of Value Than Bitcoin For Growth? The analyst on X thinks ETH is falling because investors lack knowledge about the project’s fundamental strengths. Most importantly, the argument is that ETH can be a better store of value than gold. The observer insists that Ethereum and Bitcoin compete, and claiming otherwise is a mistake. Both of these networks want to dominate the market eventually. So far, Bitcoin is the most valuable. On the other hand, Ethereum is the most active smart contracts platform, offering more versatility and is “richer” than the first blockchain. For ETH to grow in strength, it must establish itself as a superior store of value, better than Bitcoin. This will require the network to have strong supply dynamics and a greater focus on finance as a primary use case. Once this happens, ETH will be more attractive not only to investors but also to developers. For now, Ethereum is growing in strength, looking at ETH net deflation since EIP-1559, looking at UltraSound Money. At the same time, its roll-up ecosystem is booming, scaling the mainnet. Altogether, the coin could benefit in the long-term, pushing valuation higher.

The Solana native coin is generating news as it goes against the trend, lately surpassing $176 in a move that has piqued the crypto world’s interest. This gain is especially surprising given the sour mood around the crypto just weeks ago, with several analysts predicting the altcoin would suffer. But Solana has defied the odds, increasing both in price and in market confidence. According to analyst Miles Deutscher, the gain coincides with a broader increase in positive sentiment for Solana, encouraging industry-wide discussions about its potential. Technical signs indicate an even brighter future for the fifth-largest altcoin. According to experts, Solana’s present trajectory, which is supported by a bullish pennant pattern, indicates that SOL might reach as high as $260 if it breaks past resistance. Increasing Interest And Technical Indicators As Solana’s price rose, observers saw a dramatic surge in positive sentiment about the asset. According to data, the number of discussions surrounding Solana has contributed to the upsurge observed in the slant. Mindshare (a measure of the percentage of crypto discussions a coin commands) has remained high. For Deutscher, the increasing attentiveness on Solana is a sign that there is even more room for growth, contrary to the prevailing tendency in the market. Although some investors are wary, experts say the technical terrain is still favorable. If the item breaks over its barrier, the optimistic pennant formation in SOL’s price action usually denotes more gains. Depending on if Solana can break out from its present level, its token’s price might be positioned for a notable climb toward $260. The Ethereum-Solana Rivalry Surprisingly, Solana’s comeback happens at the same time that Ethereum co-founder Anatoly Yakovenko shows his accolade on Ethereum. Solana and Ethereum are competitors, but Yakovenko recently praised Ethereum’s core technology and said he liked its design and goal. This is of interest to people as they are generally two competing networks that try to outdo each other in offering superior decentralized apps and smart contracts functionality. Ethereum has long been the preferred protocol among developers, but Solana, dubbed a “Ethereum-killer,” has quickly gained favor because to its speed and lower transaction fees. Yakovenko’s recognition demonstrates a developing sector in which competitors can acknowledge each other’s contributions to blockchain innovation. Future Perspectives And Market Sentiment Meanwhile, Deutscher feels Solana’s price might double or possibly quadruple, particularly if Bitcoin rises to new highs, say $100,000. SOL’s continued performance despite recent falls suggests that it may have strong community and long-term holders. For the time being, SOL is a coin to keep an eye on, and with increased sentiment and a technical boost, it appears to be on track to continue challenging expectations. Featured image from Pintu, chart from TradingView

This inquiry is being spearheaded by the US Attorney’s office in Manhattan. Tether is being investigated by the US Treasury Department for possible sanctions. Allegedly, the USDT stablecoin issuer is the subject of an investigation by the US Department of Justice (DOJ) investigating possible breaches of anti-money laundering regulations. This is happening shortly after Tether CEO Paolo Ardoino demanded consistent crypto rules across the nation. A US government investigation into Tether into potential sanctions and anti-money laundering regulation violations has surfaced, according to the Wall Street Journal (WSJ). The criminal inquiry is also trying to figure out whether anyone else has laundered or utilized USDT to finance illicit operations. Including hacking, drug trafficking, or terrorism. This inquiry is being spearheaded by the US Attorney’s office in Manhattan. According to the Wall Street Journal, Tether is being investigated by the US Treasury Department. For possible sanctions and fines related to its dealings with entities and persons that are included on the US sanctions list. American citizens may be unable to use USDT for financial transactions if the US Treasury were to impose a sanction. Tether CEO Refutes In response to the WSJ report, Tether CEO Paolo Ardoino said in an X post that the company has previously informed the WSJ that the cryptocurrency business is not being investigated. Nonetheless, the potential effects of this event on Tether and the cryptocurrency market as a whole are cause for alarm. Due to its widespread use in the crypto market and its status as the biggest stablecoin by market size. USDT has the potential to set off a chain reaction. In addition, the cryptocurrency market may react with fear. As it did when the US authorities levied charges of money laundering against Binance and its former CEO Changpeng Zhao. Highlighted Crypto News Today: Ethereum/Bitcoin Hits 3-Year Low: Analyst Shares Next Support Level

Tortola, British Virgin Island, October 25th, 2024, Chainwire Aark Digital recently experienced a security incident in which an unauthorized party accessed and withdrew approximately 1,386,085 USDC and 24.143 ETH. In response, the project has launched 24/7 recovery efforts, while also implementing additional security measures to safeguard against any further unauthorized activity. As part of its recovery strategy, Aark Digital is offering a 15% bounty to the individual responsible, contingent upon the safe and complete return of the misappropriated assets. This bounty, amounting to 225,000 USDC, is intended to incentivize the return of the funds, and additional details are available on Arkham’s bounty platform here. Should a full recovery not occur, Aark Digitial has indicated that it will announce a distribution plan to address the situation appropriately. The organization has set a deadline of 26th October 2024, 15:00 UTC, for the responsible party to respond, stating that it is prepared to pursue legal measures if the funds are not returned within this timeframe. Aark Digital is committed to keeping its community informed throughout this process, emphasizing its dedication to transparency and user security. Aark Digital will continue to release updates on the situation as they become available. About Aark Digital Aark Digital is a blockchain-focused project dedicated to providing secure, innovative solutions within the digital asset space. Committed to transparency and user security, Aark Digital leverages cutting-edge technology and industry best practices to safeguard assets and build trust within its community. Aark Digital aims to advance the growth and adoption of decentralized finance worldwide. Contact Manager Henry Aark Digital [email protected]

The license grants Bitstamp the ability to provide crypto derivatives products. American fintech company Robinhood paid $200 million to purchase Bitstamp. After reviewing Bitstamp’s application, the Securities Market Agency in Slovenia granted the company a Multilateral Trading Facility (MTF) license. With this authorization, the exchange may provide its retail and institutional customers with more advanced financial products. Moreover, the license grants Bitstamp the ability to provide crypto derivatives products including perpetual swaps. These contracts enable traders to speculate on the price fluctuations of crypto tokens without worrying about an expiration date. The ability to trade structured products, bonds, commodities, and stocks is another perk of the license. Bitstamp’s global CEO Jean-Baptiste Graftieaux stated: Rising Demand from Institutional Customers Moreover, exchanges are able to provide a wide variety of financial products in accordance with EU rules via the MTF license. Which is a regulatory framework set up under the EU’s Markets in Financial Instruments Directive (MiFID II). Furthermore, being one of the first exchanges to operate under the license, Bitstamp brings them one step closer to meeting the demand for crypto derivatives from institutional customers. Also, D2X, located in Amsterdam, is one of many exchanges that are governed by the MTF license. American fintech company Robinhood paid $200 million to purchase Bitstamp, which was created in 2021. The deal aimed to broaden Robinhood’s crypto services and international presence, especially in Asia, the UK, and the EU. The transaction is anticipated to close in early 2025. Earlier, challenges for Robinhood’s cryptocurrency products have also surfaced. A Wells notice was sent to the financial technology firm in May by the US Securities and Exchange Commission (SEC). Which accused the company of violating securities laws in relation to its cryptocurrency operations. Highlighted Crypto News Today: Ethereum/Bitcoin Hits 3-Year Low: Analyst Shares Next Support Level

FET is facing strong downward pressure as bearish signals take hold, with the Relative Strength Index (RSI) suggesting further weakness could be on the horizon. Recent declines have pushed FET’s price closer to key support levels, and the RSI’s current reading hints at a continuation of the bearish trend. With a potential drop toward the $0.966 target, investors are left wondering if FET can find a bottom or if additional losses lie ahead. This article analyzes the recent downward pressure on FET’s price, with a particular focus on the pessimistic signals indicated by the RSI. By examining the current market conditions, key support and resistance levels, and the RSI’s implications, we’ll explore whether the token will likely continue its decline toward the $0.966 target or if a potential reversal could be on the way. What The RSI Reveals For FET On the 4-hour chart, FET has demonstrated pronounced bearish momentum, slipping below the 100-day Simple Moving Average (SMA) as it approaches the $0.966 mark. This movement below the 100-day SMA signals that negative forces are currently outweighing bullish attempts at price recovery, possibly opening the door to further declines. An analysis of the 4-hour chart reveals that the Relative Strength Index (RSI) has now declined to the 34% level following an earlier attempt to rally that stalled at 46%. An RSI near 30% often suggests a potential reversal could be imminent. However, in this context, it may also signal the continuation of a bearish path unless buying interest returns to support a rebound. Meanwhile, on the daily chart, FET is displaying notable pessimistic movement as it tries to fall below the 100-day SMA. This downturn highlights rising selling pressure and negative market sentiment, which collectively heightens the probability of the asset dropping below the SMA and heading toward the $0.966 mark. A successful breach of the 100-day SMA could signal additional declines, pushing the price down to this critical support level. Finally, the 1-day RSI shows that negative pressure on FET is intensifying as the signal line has recently dropped below 50%, now settling at 39%. As the RSI remains in this lower range, it suggests that sellers are gaining dominance, potentially paving the way for further drops unless buying momentum can return to shift the sentiment. Key Support Levels: Can $0.966 Hold Against The Bears? As FET’s price remains under downward pressure, the $0.966 mark stands out as a crucial support level. If the price breaks below this threshold, it may signal a strong correction, possibly resulting in more decrease toward the $0.459 level and beyond. Conversely, if the token manages to hold its position above $0.966, it could indicate a potential reversal, enabling bulls to reclaim some control in the market and driving the price higher toward the $1.86 resistance level and beyond.

The Bitcoin price is slowly breaching the $70,000 mark, showcasing steady upward momentum despite downward pressure from the bearish performance of the US equities market. Taking note of Bitcoin’s recent price movements, a crypto analyst has suggested that the pioneer cryptocurrency could be gearing up for a strong bull wave that could drive its price by over 70%, pushing it past the $100,000 milestone. Here’s How High An Analyst Project’s Bitcoin’s Next Price Popular crypto analyst, Javon Marks revealed in an X (formerly Twitter) post on Thursday that Bitcoin’s recent price movements were signaling an impending bull rally. The analyst observed that Bitcoin’s current market conditions resemble past patterns and trends. Marks presented a detailed chart depicting Bitcoin’s price action from 2023 till date. The analyst noted that the Bitcoin price had formed a Hidden Bull Divergence pattern in 2023, spanning from February to November. Similarly, the cryptocurrency is currently developing another Hidden Bullish Divergence pattern, beginning at the start of the beginning of the year and appearing to extend towards year-end. Based on these parallel price movements, Marks suggests that Bitcoin is poised for a significant rally to new highs soon. The analyst projects that Bitcoin’s next target is presently 70% above its current price, with the potential to surge as high as $116,652 as it experiences one of the most explosive bull waves ever seen. From Mark’s X post, it can be seen that the analyst has consistently projected the $116,600 price target for Bitcoin. His earliest Bitcoin prediction of this all-time high was on September 12, when he claimed that Bitcoin’s rise to over $116,600 was still 100% away. Mark’s unwavering confidence in this price target suggests a strong conviction that Bitcoin is poised to reach a new ATH this cycle. Currently, the price of Bitcoin is trading at $67,601, marking a 1.31% increase in the last 24 hours and a 5.86% increase over the past month, according to CoinMarketCap. Bitcoin Price Could Jump Even Higher Than $116,000 Another well-known crypto analyst, identified as ‘Yoddha’ on X has presented a Bitcoin price chart highlighting its next bullish price target. With a caption that reads: “When in doubt, zoom out,” the analyst has expressed his confidence that Bitcoin is set to skyrocket this season. In the price chart, the analyst pinpointed his next target for Bitcoin, indicating that the cryptocurrency could see its price soaring between $130,000 to $170,000. This price surge is expected to occur around 2025 when the bull market is fully underway. Conversely, Elja, a market expert on X, has projected a more conservative price target for Bitcoin, expecting the cryptocurrency to soar to a new ATH of around $94,000. However, the analyst believes that this massive price breakout will begin in October.

In an analysis published on TradingView, pseudonymous crypto analyst Melika Trader has provided a technical forecast for Cardano (ADA), highlighting a long-term upside scenario with a price target of $1.8. Using chart patterns and key price levels, Melika offers both short and long-term perspectives on ADA’s price movement. Long-Term Cardano Price Outlook Melika identifies a significant support zone for ADA between $0.30 and $0.35. This range has historically shown strong buying interest, characterized by an engulfing candle pattern and previously established supply and demand (S&D) zones. This base formation suggests a robust floor where Cardano has consistently garnered market support. The analyst points out the potential for a bullish reversal, noting that ADA’s price action appears to be forming a bottom within this support zone. “The price seems to form a bottom after engulfing the support region, hinting at a potential bullish reversal,” Melika states. Looking ahead, Melika sets a long-term resistance target between $1.20 and $1.80. This target area is not arbitrary but is based on previous price peaks, making it a significant hurdle for future price action. Should ADA maintain its support base, the path to these higher resistance levels may be realized as buyer confidence rejuvenates, setting the stage for a potential bull run. “The next major resistance is in the $1.20-$1.80 zone, marked as a long-term target, which aligns with previous highs. If the current support holds, ADA could be positioned for a sustained rally toward the long-term target, especially as buyers regain confidence,” Melika writes. However, she also cautions investors about a bearish scenario where ADA fails to maintain the $0.30 support level. A breach below this threshold could lead to a decline to levels below $0.18, presenting a substantial risk for holders. “A failure to hold support around $0.30 could see the price retesting to below $0.18,” Melika warns. ADA Price Analysis: Short-Term Outlook In the immediate term, ADA is navigating a strong support zone identified between $0.33 and $0.34, aligned with a lower trendline that underscores its importance. “A bounce from this support zone could see ADA targeting the resistance zone at $0.38 – $0.39. The engulfed area suggests a possible reversal signal,” the crypto analyst claims. This resistance zone at $0.39 represents a critical point where previous sellers have previously dominated, making it a pivotal area for ADA’s short-term price action. A successful breach of this resistance could validate the bullish rebound scenario. “The $0.39 zone is a significant resistance where sellers previously controlled the market, making it a critical area to watch for any breakout,” Melika states. Conversely, if ADA fails to sustain its current support, the price could retreat towards the broader long-term support at $0.30, underpinning the downside risks highlighted by Melika. At press time, ADA traded at $0.3437.

A recent report published by the Bitcoin Policy Institute (BPI) and highlighted by Forbes explores the growing discussion around Bitcoin as a viable reserve asset for central banks. Authored by Dr. Matthew Ferranti, a Harvard-trained economist and former member of the White House Council of Economic Advisers, presents several compelling arguments for why central banks might consider adding Bitcoin to their portfolios. Bitcoin As A Modern Reserve Asset Dr. Ferranti begins by noting the trend of central banks increasing their gold reserves, suggesting that Bitcoin could serve as a modern counterpart. While only one central bank—the Central Bank of El Salvador—has publicly disclosed Bitcoin holdings, Dr. Ferranti highlights that Bitcoin represents just under 10% of El Salvador’s reserves. He argues that an optimal allocation would fall between 2% and 5%, allowing for diversification without excessive risk. One of the key points raised in the report is Bitcoin’s historical performance during economic crises. Dr. Ferranti argues that a crucial feature of any reserve asset is its ability to provide returns when traditional assets falter. The report cites examples such as the financial turmoil surrounding the collapse of Silicon Valley Bank in 2023 and the US sanctions on Russia following its invasion of Ukraine in 2022, both of which corresponded with significant spikes in Bitcoin’s value. Despite Bitcoin’s short-term volatility, Dr. Ferranti posits that it has the potential to outperform traditional assets over longer periods. He attributes this to Bitcoin’s Halving cycle, which reduces the rate of new coin production and can lead to price increases. Furthermore, the economist notes that both Bitcoin and gold perform well during inflationary periods, suggesting that rising Bitcoin prices might indicate forthcoming inflation. No Default Risk And Immunity To Financial Sanctions The report also references findings from the Federal Reserve Bank of New York, which indicate that Bitcoin’s price is largely unaffected by macroeconomic news, except for inflation-related information. This quality, the doctor says, makes Bitcoin an effective diversifier within a portfolio, especially given its low correlation with traditional reserve assets such as gold and foreign currencies. Dr. Ferranti outlines three reasons why Bitcoin is devoid of default risk. First, the doctor contends that it does not represent a claim on future cash flows, unlike stocks and bonds. Second, the network is secured through a robust mining process. Lastly, Bitcoin is immune to financial sanctions—an important consideration for central banks—since it cannot be “frozen” in the same way traditional assets can be. While acknowledging that Bitcoin does not match the liquidity of the US Treasury market, Dr. Ferranti points out that its liquidity has improved significantly, with a current market cap exceeding $1.3 trillion. The economist concludes by suggesting that this level of liquidity is adequate for accommodating large transactions, making Bitcoin a more attractive option than in previous years for central banks worldwide. At the time of writing, the largest cryptocurrency on the market is trading at $67,500, down 1.5% in the 24-hour time frame. Featured image from DALL-E, chart from TradingView.com

ETH/BTC ratio drops to 0.037, lowest since April 2021. Key support zones identified at 0.038 and 0.035 BTC levels. Competing platforms like Solana gain momentum as ETH struggles. Ethereum’s relationship with Bitcoin has reached a critical juncture as the ETH/BTC ratio plunges to levels not seen since April 2021. This significant decline, marking a 30% drop since July 1, signals a substantial shift in the relative strength between cryptocurrency’s two largest assets. Michaël van de Poppe, CEO of MN Consultancy, has identified crucial support levels in his analysis of the ETH/BTC pair. The primary support zone at 0.035 BTC could provide a foundation for potential recovery, while an intermediate support at 0.038 BTC might offer temporary stability. These technical levels gain additional significance as the Relative Strength Index (RSI) enters oversold territory, potentially setting the stage for a price reversal. What can trigger a recovery for Ethereum? Long-term market observers offer diverse perspectives on Ethereum’s current predicament. Pseudonymous analyst Moustache points to a historical trend line dating back to 2015, suggesting potential for altcoin strength. The rise of Layer 2 solutions presents a potential catalyst for Ethereum’s recovery, though questions persist about the pace of real-world adoption. This technological evolution occurs against a backdrop of changing user preferences and platform competition, factors that continue to influence Ethereum’s relative value. Solana’s recent performance highlights the competitive pressures facing Ethereum. Since October 22, Solana has demonstrated impressive momentum, reaching approximately 0.0697 ETH and attracting increased trading volume. This surge suggests a potential rotation of capital towards alternative platforms perceived to offer superior growth prospects. As Ethereum navigates these challenges, the interplay between technical support levels, ecosystem development, and market sentiment will likely determine its near-term trajectory.

The Executive R0AR Society NFT collection is gearing up for launch on the Opensea Launchpad. The R0AR decentralized finance platform has a range of features and use cases, including an Ethereum DEX, yield farming, and a DAO. Holders of the ERS collection will be able to access exclusive features and earn extra crypto rewards, along with exclusive airdrops. This highly anticipated NFT collection consists of 10,000 unique digital collectibles, each representing membership in an exclusive community within the R0AR ecosystem. The NFTs are designed to provide tangible benefits and a sense of belonging for those who believe in R0AR’s long-term vision. This article will delve into the details of the Executive R0AR Society NFT collection and its upcoming mint on Opensea Launchpad. We will explore the benefits of holding these NFTs, the process of minting, and the various ways to secure a spot on the whitelist for guaranteed access. A Deep Dive into the Executive R0AR Society The R0AR Society is a multi-utility NFT collection designed to enhance the R0AR DeFi ecosystem and reward users who participated in its early stages. The community has been keen to get their names on the whitelist for the Opensea Launchpad due to the crypto rewards they will be eligible for as R0AR grows. These NFTs represent a commitment to the R0AR ecosystem and grant access to a range of exclusive benefits. Members will enjoy privileged access to the “Penthouse Suite,” a private community space where they can connect with like-minded individuals, engage in discussions, and stay informed about the latest developments within the R0ARverse. Furthermore, the ERS NFTs will play a crucial role in the governance of the R0AR platform. Holders will have voting rights within the R0AR DAO, allowing them to actively participate in shaping the future of the ecosystem. This democratic approach ensures that the community has a direct say in the platform’s development and direction. Beyond these core benefits, the ERS NFTs also unlock a variety of additional perks. Holders will be eligible for future R0AR token airdrops, giving them a stake in the project’s growth and success. They will also gain access to exclusive rewards and staking opportunities within the R0AR ecosystem, enabling them to earn additional benefits and maximize their returns. The ERS NFTs are designed to be more than just static collectibles. They will have future utility within the R0AR ecosystem, including potential integration with GameFi initiatives and access to the R0AR Portal, a research and analytics platform that provides valuable insights into various crypto projects. Additionally, ERS NFT holders will have priority access to R0AR merchandise, allowing them to showcase their affiliation with the society outside the R0AR metaverse. The R0AR presale is the best way to get on the NFT whitelist. The R0AR Presale: Your Path to the Whitelist The R0AR token presale offers a direct path to securing a spot on the NFT whitelist. By participating in the presale and holding your R0AR tokens until the designated snapshot date, you can guarantee your access to the Executive R0AR Society NFT mint. The presale is currently in its fifth stage, with each R0AR token priced at $0.0075. There are only two stages remaining, with the price set to increase to $0.01 in the next stage and finally reaching $0.025 in the last stage. This presents a limited-time opportunity to acquire R0AR tokens at a discounted price before they are listed on exchanges. Joining the presale is simple. Visit the R0AR website, connect your wallet, and contribute either ETH or USDC. Once the presale concludes, you will receive your R0AR tokens, and if you hold them until the snapshot, you will be whitelisted for the NFT mint. Minting on Opensea Launchpad: A Step-by-Step Guide For users that get on the whitelist, the minting process will be straightforward. Opensea Launchpad provides a user-friendly interface that guides collectors through each step, ensuring a smooth and secure experience. First, ensure you have a compatible crypto wallet, such as MetaMask, connected to the Opensea platform. This wallet should hold sufficient ETH to cover the minting cost and any associated gas fees. Once the minting period begins, navigate to the Executive R0AR Society collection page on Opensea Launchpad. You’ll be presented with an option to mint your NFT. Click on this option and follow the on-screen instructions. You’ll be prompted to confirm the transaction in your wallet, authorizing the minting process. Once the transaction is confirmed on the blockchain, your unique Executive R0AR Society NFT will be minted and added to your wallet.

SOL gains 13% in a week, reaching $174 amid stable trading. Analyst identifies potential Wyckoff distribution pattern on weekly chart. $125 support breach could signal broader market exit, possible within two months. Solana’s recent market performance has sparked both optimism and caution among analysts, with a notable warning emerging about potential bearish signals. Despite a strong 13% weekly gain pushing the price to $174, technical analysis suggests the possibility of a significant market shift. TradingView analyst Ceciliones has identified Solana as a crucial market indicator, citing its impressive history of serving as a leading signal for broader crypto market movements. SOL’s previous 600% surge following a 300-day accumulation phase demonstrates its potential influence on market sentiment. Can Solana plunge to $125 support? The weekly chart analysis reveals what appears to be a Wyckoff distribution pattern, a technical formation often preceding significant price declines. The 0.786 Fibonacci retracement level at $125 emerges as a critical support point, with its potential breach serving as a possible trigger for market-wide selling pressure. Technical indicators offer mixed signals about SOL’s immediate future. The Relative Strength Index (RSI) reading of 67.72 approaches but remains below the overbought threshold of 70, suggesting strong but potentially cooling buying momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) maintains a bullish stance, though the converging signal lines hint at stabilizing momentum. Recent whale activity adds another layer to Solana’s market dynamics. A significant movement of 32,695 SOL from Binance into various meme coins suggests shifting investment strategies among large holders. Furthermore, Pump.fun’s sale of 40,000 SOL tokens and substantial fee accumulation indicates active profit-taking within the ecosystem.

Solana (SOL) has shown remarkable strength in recent weeks, surging by 32% over the past fifteen days. This impressive price action has positioned SOL as one of the top-performing assets, outpacing Bitcoin and many other altcoins. Analysts and investors are increasingly optimistic about Solana’s potential, with many forecasting continued upward momentum in the weeks ahead. Notably, prominent investor Carl Runefelt recently shared a technical analysis on SOL, highlighting a breakout from a bullish pattern that could signal massive gains for the cryptocurrency. With this breakout, price action remains firmly bullish, indicating that the next major target for SOL is around the $185 level, where it will encounter local supply. If momentum holds, Solana could soon challenge this key resistance, further solidifying its place as a leader in the current market cycle. Solana Breaking Out Of Cup&Handle Pattern Solana is breaking out from a classic “Cup & Handle” pattern, often associated with strong bullish moves. This pattern has caught the attention of top analyst Carl Runefelt, who recently shared his technical analysis on X, indicating that Solana’s recent price action aligns with a breakout from a descending channel. According to Runefelt, this setup signals that Solana could be ready for a significant upward move. He shared a chart with a potential price target of $370, suggesting a substantial 115% surge from current levels. Runefelt’s optimism stems from the Cup & Handle pattern, where the price consolidates after an uptrend and then forms a small dip (the handle) before breaking out. This pattern is known to attract strong buyer interest, representing a period of consolidation and momentum building. However, while the breakout is promising, it may take some time to fully play out, as the entire crypto market appears to settle before its next significant move. Solana has consistently outperformed in this cycle, with price action and volume reflecting sustained investor interest. With Solana pushing through key resistance levels and establishing a solid foundation, the potential for a bullish continuation is high. If the breakout confirms and Solana’s momentum holds, the next weeks could see SOL pushing into new heights, solidifying its position as a top-performing altcoin and meeting investors’ bullish expectations for substantial gains ahead. SOL Testing Crucial Supply Solana is trading at $171, maintaining a strong uptrend with a well-defined bullish structure over the past two weeks. This level represents a key demand zone that previously acted as resistance, signaling a potential for higher gains if the price holds steady. A continued hold above $171 would support further bullish momentum, potentially pushing SOL toward the next significant supply area at $185. However, should SOL lose the $171 support, a retrace to around $160 is likely. This level has been pivotal in the past weeks, serving as a strong resistance point that capped previous price attempts to rise, creating a solid foundation for renewed bullish interest. A move down to $160 wouldn’t necessarily break the overall uptrend but would offer an opportunity to consolidate before the next push higher. As investors and traders watch these levels closely, the $171 mark will be an immediate gauge of strength. Holding above it keeps the uptrend intact, while a dip to $160 would still offer support for Solana’s longer-term bullish outlook. SOL’s resilience in these levels reflects the optimism surrounding the asset’s potential in the weeks ahead. Featured image from Dall-E, chart from TradingView

Crypto analyst Trader Tardigrade has drawn the community’s attention to a bullish pattern on the Dogecoin price chart. Based on this development, the analyst provided insights into how high the Dogecoin price could rise in the short term. Dogecoin Price Flashes Bullish Pennant Trader Tardigrade revealed in an X post that the Dogecoin price has reached the tip of a bullish pennant on the daily Heikin Ashi chart. With this occurrence, the analyst claimed a breakout was just around the corner. He added that an “easy target” measured from the pennant pole is $0.18. The analyst’s accompanying chart showed that the Dogecoin price could reach this target before the month ends. DOGE has already enjoyed a massive uptrend this month as CryptoRank data shows that the foremost meme coin is up over 22% in October, a monthly performance that has only been topped this year by its price gains in February and March. However, a rise to $0.18 this month would match October’s price gains with those recorded in February, when DOGE enjoyed a monthly return of 50%. In March, the Dogecoin price recorded a gain of 87% as it rose to a yearly high of $0.22. The Dogecoin price uptrend this month is expected to extend until year-end and even continue in the new year, as crypto analyst Dima James said the price recovery trend will continue into 2025. Interestingly, the analyst predicted that DOGE could rally to as high as $10 and surpass it sometime next year. He made this prediction based on the 2021 bull pattern, which he claimed the meme coin is replicating again. Meanwhile, Trader Tardigrade recently mentioned that the Dogecoin price had replicated a ‘Reversal box’ move from the 2021 bull run. Because of this pattern, the analyst predicted that DOGE could reach $3.7 next year. The Run To A New All-Time High Of $3 Crypto analyst KrissPax has provided insights into how the Dogecoin price could run to this new all-time high (ATH) of $3. Using the law of diminishing returns, the analyst mentioned that he sees a resistance at $0.22, which, if DOGE breaks above, would send its price to $0.35, another resistance level. He claimed that a successful break above that resistance level would send the Dogecoin price to its current ATH of $0.73. Once that is done, KrissPax predicts that the foremost meme coin will run to a new ATH at around $3 in 2025. In the meantime, DOGE needs to clear the $0.14 resistance, with a successful breakout possibly leading to the rally to $0.20. At the time of writing, the Dogecoin price is trading at around $0.138, down in the last 24 hours, according to data from CoinMarketCap.