Following the recent upsurge, the BTC price is up 29.79% in the last 30 days. The price has been consolidating lately after failing to go above the $35,000 mark. The blockchain analytics platform Santiment hinted in a twitter post yesterday that a market downturn for cryptocurrencies may not be happening very soon. This is in response to the current market recovery, which has resulted in significant price gains for Bitcoin (BTC) and other cryptocurrencies. Moreover, there are still a lot of active Bitcoin addresses, the post claims. BTC is also seeing a good amount of once dormant tokens suddenly moving. This has a long association with strong bullish momentum. Bitcoin has reached all-time high prices in Turkey and Nigeria due to the decline of national fiat currencies and the overall instability of the economy, despite trading at 50% less to its highest in U.S. dollar terms. With monthly increases of up to 30% in local currency terms, BTC traded at 9.6 million against the lira (TRY) and 27.4 million against the naira (NGN) as of Friday morning. Bulls in Control At the time of writing, BTC is trading at $34,112, down 1.10% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is down 24.37%. Following the recent upsurge, the price is up 29.79% in the last 30 days. Source: CoinMarketCap The price has been consolidating lately after failing to go above the $35,000 mark. If the price manages to go past the $35,090 mark then it will likely test $38,610 resistance level. Further upsurge will likely see the price testing $44,120 level. However, if bears drive the price below $31,670 then further decline all the way till $29,750 is highly likely. Breaking this level, will likely drive the price to test the $28,230 support area.

In the fast-paced world of GambleFi, where online casinos and gaming platforms are vying for investors’ attention, BillionAir ($AIRB) has decisively established itself as the leading player. The project’s Pre-Sale has raised a staggering $6.3 million, solidifying its position as a game-changer in the online gambling and wagering industry. Key Highlights about BillionAir’s Pre-Sale 1. Pre-Sale Milestone: BillionAir’s Pre-Sale has achieved a remarkable feat, surging past the $6.3 million mark. This remarkable achievement has sparked a frenzy of excitement and FOMO (Fear of Missing Out) among crypto enthusiasts. 2. Countdown to Next Price Increase: In just 7 days, the Pre-Sale price is set to rise to $0.045 per $AIRB token, making this a critical moment for those looking to secure tokens at the current lower rate of $0.042. 3. Fundraising Target: The Pre-Sale has now raised $6,335,678, edging closer to its goal of $17.5 million. 4. Listing Price: When it hits the market, the listing price for $AIRB will be $0.060, making the current Pre-Sale price an attractive opportunity for early investors. 5. Countdown to Opportunity: With just 7 days remaining in the Pre-Sale and the price set to increase, now is the opportune moment to join BillionAir and secure $AIRB tokens at the current rate of $0.042. Don’t miss the chance to be part of a project that promises to redefine the landscape of blockchain-based gambling. The GambleFi Revolution: BillionAir is not just a gambling platform; it’s a revolution in the making. By offering professionally designed Raffles, Games, and Betting options, it aims to redefine the online gambling experience. The project encourages cross-platform building, offering participants unprecedented rewards and endless possibilities. 100% Secure and Verified: BillionAir has taken security seriously. The project is audited and has undergone Know Your Customer (KYC) verification, ensuring a safe and reliable platform for its users. MEXC Exchange Listing & Partnership with BNB Chain Kickstarter Programme BillionAir’s imminent listing on the MEXC exchange is generating substantial excitement within the crypto and gaming communities. This move will offer accessibility to a global audience of traders and investors, emphasizing the project’s commitment to delivering a transformative gaming experience. BillionAir’s partnership with the BNB Chain Kickstarter Programme underlines its growing influence and commitment to innovation. This collaboration opens doors to new possibilities and strategic advantages within the blockchain space, further fueling the project’s momentum. BillionAir Pre-Sale Rockets Past $6.3 Million, Leaving GambleFi Competitors in the Dust While TG.Casino celebrates its success, with a pre-sale that recently crossed the $1.3 million mark, BillionAir has taken the competition by storm, leaving an indelible mark on the GambleFi landscape. In less than two and a half months, BillionAir’s Pre-Sale has soared past the $6.3 million milestone, far surpassing the initial funding target. This remarkable achievement showcases BillionAir’s strong community support and unwavering investor interest. BillionAir Redefines GambleFi with Innovative NFT-Based Gaming and Lucrative Staking Rewards What sets BillionAir apart from its competitors is its visionary approach to online gaming and wagering. The platform offers NFT-based raffles, skill-based games, and the limitless potential of $AIRB tokens. This combination creates an immersive gaming experience that transcends conventional platforms, attracting a diverse and passionate community of users. Staking and rewards are at the core of BillionAir’s ecosystem. Users can stake their $AIRB tokens, earning rewards from token pools and a share of platform revenue. The platform’s tiered system provides higher Annual Percentage Yield (APY), reduced fees, and an increased chance of winning exciting raffle prizes, making it a highly lucrative proposition for participants. As the world of GambleFi continues to evolve, BillionAir has emerged as a dominant and innovative force. Its remarkable Pre-Sale performance has not only surpassed investor expectations but has also firmly positioned the project as a leader in the online gaming and wagering space. Whether you’re an investor, gamer, or blockchain enthusiast, BillionAir offers an opportunity to be part of a groundbreaking journey that’s redefining the future of online gaming For more information about BillionAir and to participate in the Pre-Sale, visit the official website. Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Victoria, Seychelles, October 27th, 2023, Chainwire Bitget, a leading cryptocurrency exchange and web3 company, is pleased to announce the success and popularity of the Bitget Builders Program during its first phase and is excited to launch the second phase of the program. As part of the Blockchain4Youth charity project, the new phase of the Bitget Builders Program aims to recruit over 100 young talents worldwide and provide them with comprehensive education, training, and industry experiences in the fields of crypto, blockchain, and Web3. In the first phase of the program, launched in August, the Bitget Builders Program received widespread enthusiasm from youth, resulting in an impressive total of over 350 applications. Building on this success, Bitget is delighted to open another round of recruiting for the program. In the second phase, the Bitget Builders Program aims to recruit 100 young talents in Q4 2023, with a focus on countries including UK, Canada, Australia, Philippines, Kenya, Egypt, Morocco, Argentina, Mexico, Venezuela, Colombia, Peru, Bulgaria, Czech Republic, Romania, Kazakhstan, Sri Lanka, and Saudi Arabia. The Bitget Builders Program has provided exceptional opportunities for the participants, equipping them with a wide range of education and training in various aspects of the cryptocurrency and blockchain industry. Participants have gained insights into trading strategies, market analysis, blockchain technology, and other relevant topics through webinars and online training courses conducted by industry experts. Bitget remains committed to offering diverse education and training topics online to provide deeper knowledge of Bitget, cryptocurrencies, and the blockchain industry. The program has gone beyond theoretical education, allowing young talents to engage with real-world projects and gain valuable industry experience. Builders have actively contributed to Bitget’s growth by participating in activities related to online marketing, distributing Messi-related merchandise, community building, and being representatives of Bitget at blockchain offline events in their respective regions. These experiences have further enhanced their understanding and awareness of blockchain technology. “We are thrilled to witness the enthusiasm and talent showcased by young individuals in the first phase of the Bitget Builders Program,” said Gracy Chen, Bitget Managing Director. “Their commitment to learning and contributing to the cryptocurrency community has been inspiring. We are excited to launch the second phase and provide even more young talents with the opportunity to flourish and become future leaders in the crypto industry.” Looking ahead, the Bitget Builders Program seeks to expand its impact and nurture the next generation of crypto leaders in the youth community. Bitget is proud to introduce the Bitget Builders Global Tour, an innovative initiative that empowers dedicated builders to organize impactful offline events across diverse regions. The tour aims to bring Bitget closer to local communities and crypto enthusiasts in 20 different countries, enlightening the local community about blockchain and attracting new users to explore the Bitget ecosystem. A substantial stipend of up to $1,000 per builder will be provided for hosting offline events in each region, creating a unique opportunity for experienced builders to leverage their influence and creativity. For more information about the Bitget Builders Program and to participate in the second phase of recruitment, please visit: https://www.bitget.com/support/articles/12560603798857 About Bitget Established in 2018, Bitget is the world’s leading cryptocurrency exchange and web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet For media inquiries, please contact: [email protected] Contact Global PR Manager Rachel Cheung Bitget [email protected]

Bitcoin rallied above $35,000 on the back of the euphoria of the possible approval of a Spot Bitcoin ETF. Although the rally seems to have cooled off, a particular crypto analyst’s prediction suggests that the bulls could enjoy total dominance soon enough in what will see the flagship cryptocurrency rise to $45,000. Bitcoin’s Incoming Phase Could See It Hit $45,000 In a post shared on their X (formerly Twitter) platform, crypto analyst CryptoCon shared his prediction on Bitcoin’s future trajectory. The analyst mentioned that Bitcoin was currently at the “Mid-Cycle phase 4,” which happens to be the period where the crypto token is heading closer to the “Cycle Mid-Top,” which currently positions Bitcoin to rise above $45,000. CryptoCon’s prediction seems to be made based on the Fibonacci trading strategy, as evident in the accompanying chart, which he shared in his post. The chart breaks down Bitcoin’s historical price data into four cycles, namely: Cycle 1 (2010-2014), Cycle 2 (2015-2018), Cycle 3 (2019-2022), and Cycle 4 (2023-2026). The Phases In These Cycles These cycles are further divided into five phases, which CryptoCon seemed to focus more on. These phases include Phase 1 (Cycle Lows), Phase 2 (Transition from Cycle Lows), Phase 3 (First Move out of the Lows), Phase 4 (Transition to Cycle Mid-Top), and Phase 5 ( Cycle Mid-Top). CryptoCon noted that Bitcoin’s price usually hits phase 5 quickly once phase 2 is over (about two months after, according to the analyst), and if that is the case once again, then $45,000 could be soon. If that doesn’t happen, he foresees that Bitcoin could face resistance at the top of the transition, where it is currently priced at $36,368. As to when all this could happen, he noted that October represents the first month after phase 2 ended. Therefore, the market could see the mid-top phase could happen as soon as November when Bitcoin will likely hit and rise above $45,000. Interestingly, CryptoCon’s prediction coincides with that of the crypto platform Matrixport, which estimates that Bitcoin could hit $45,000 between November this year and April 2024. In their report, Matrixport goes on to make a bolder claim that Bitcoin could hit $125,000 by December 2024. Bitcoin Halving Or Institutional Adoption? Different crypto analysts have continued to make predictions about Bitcoin’s future trajectory even as the Bitcoin Halving draws nearer. Some of these analysts have credited the event as the catalyst that will spark the massive surge in Bitcoin’s price. Others believe that the launch of a Spot Bitcoin ETF alongside institutional adoption is what will make Bitcoin hit new highs. Meanwhile, some contemplate that the market may already be priced in as to any impending approval of a Spot Bitcoin ETF, as this is a classic case of “buy the rumor, sell the news.” If that is the case, many predict that we could see a decline when the ETFs launch due to massive sell-offs from traders and investors looking to realize their gains.

Searches for “BlackRock Bitcoin ETF” increased by 250%, indicating a greater interest. British internet users who looked for “buy Bitcoin” increased by an astounding 826%. Searches for “buy Bitcoin” on Google have increased significantly throughout the globe recently, with the United Kingdom seeing an increase of almost 800% in merely the last week. Cryptogambling.tv research found that in only seven days, the number of British internet users who looked for “buy Bitcoin” increased by an astounding 826%. The amazing increase in ‘buy Bitcoin’ searches in the UK, along with the comeback of the cryptocurrency, highlights the rising interest and possible influence of conventional financial institutions’ participation in the realm of digital assets. Spot Bitcoin ETF Approval Anticipation Searches for “BlackRock Bitcoin ETF” increased by 250%, indicating a greater interest in news about the anticipated launch of BlackRock’s spot Bitcoin ETF. The dramatic surge in interest coincides with Bitcoin’s equally dramatic price gain over the previous two weeks, with the cryptocurrency momentarily hitting a value of $35,000 on October 24 for the first time since May 2022. Bitcoin’s spectacular Bull Run, unseen for over a year, has driven the whole crypto world into a euphoric craze. Since the New Year began, bears have dominated, blocking all efforts by bulls to recover. Last week, however, was a watershed moment, writing an important new chapter in the 2023 crypto tale. Bitcoin’s value increased by 23% during the extraordinary week. Its trading price started the week at $28,000, but it broke beyond the $29,000 barrier. The price jumped to $34,787 on October 23 and $35,292 on October 24, marking 17-month highs. Many analysts predict that the introduction of a spot Bitcoin ETF would trigger a new wave of purchasing from institutional investors, which would explain the current frenzy. Highlighted Crypto News Today: Ethereum Price Correction Alert. A Pullback or Downtrend?

LINK recorded impressive gains in the past week, with an over 43% seven-day price increase. However, the token’s price has slightly retraced in the last 24 hours, likely due to buyers taking profit after an aggressive accumulation phase for LINK tokens. Chainlink’s notable uptick could be due to the ongoing bullish waves in the broader crypto market. Bitcoin, the flagship cryptocurrency, recorded a significant uptick, surging to nearly $35,000, the highest in over a year. Bitcoin’s performance triggered a wave of optimism across the crypto market, causing most coins, including LINK, to soar. Moreover, Chainlink’s CCIP has recorded additional adoption and likely consolidated on LINK’s price gains. But how far can the ongoing bullish momentum take LINK? Can it conquer prevailing resistance to reach $15? Let’s find out! LINK Shows Signs Of Retracement, Is $15 Possible? LINK is in an uptrend after breaching the $6.99 support level as buyers re-entered the market and forced a rally to the $11.9 resistance level. LINK’s rally began last week when it surged from $7.42 on October 16 to $10.41 on October 23. While the rally has stalled, the latest strides show that buyers are intent on facilitating further rallies to retest the $11.9 resistance A move above this level would empower LINK to target $15. Moreover, the higher high candlesticks on the chart imply that LINK will likely consolidate on its rally in the coming days. Additionally, the Moving Average Convergence/Divergence (MACD) is above its signal line, displaying a strong buy signal. The green Histogram bars confirm this signal, which implies that LINK buyers are still active. LINK trades at $11.003, with a 1.62% increase in the last 24 hours. Based on LINK’s trajectory, it will likely break above the $11.9 resistance to reach $15 in the coming weeks if buyers sustain their charge. What Is Driving LINK’s Price Gains? Besides the general uptrend in the crypto market, Chainlink has recorded notable developments within its ecosystem, likely sustaining its price gains. One such is the integration of Chainlink’s CCIP by DeFi provider Affine. The Chainlink CCIP is the new industry standard for secure cross-chain linking on Ethereum and Polygon mainnets. Affine hopes to leverage the CCIP’s messaging abilities to create a cross-chain NFT bridging function for Affine Pass NFTs. It will ensure seamless and secure NFT transfers between supported blockchains. According to Affine developers, they selected Chainlink to host the Affine NFTs due to its proven security and reliability track record. More so, some experts forecast that there will be up to $5 trillion in tokenized digital securities by 2030. Chainlink will likely benefit from this expansion since it is a significant player in tokenized assets technology. With benefits such as fast transaction settlements, operational cost savings, and enhanced transparency, tokenization will likely boost Chainlink’s overall value. These developments are likely sustaining the price gains for the LINK token in the past week. Although LINK trades slightly above $11 today, it will likely rise to $15 if market conditions remain favorable.

Floki (FLOKI) has surged 24% in the past 24 hours. Bullish momentum with 9D EMA at $0.00002927 and RSI at 84. Floki, the popular memecoin, is the talk of the crypto token with its impressive performance and recent updates. It has recently reached a five-month high, trading at $0.00004074, marking a 24% increase over the past 24 hours. In a week’s time, it has witnessed an extraordinary surge of 105%. Meanwhile, the trading volume of FLOKI has also seen a notable increase of 93% within the same time frame, now totaling $324 million. This bullish momentum is attributed to a strategic partnership and a key update related to tokenization. In a blog post on October 24, it announced its partnership with World Table Tennis, a highly influential organization in the table tennis world. The goal of this partnership coincides with the October 27 launch of Floki’s new sister token, TOKEN. Floki Inu has introduced TokenFi, its tokenization platform, and its native asset TOKEN. TokenFi will enable Floki Inu to compete in the rapidly growing tokenization industry. It is projected to reach a valuation of $16 trillion by 2030. It has plans to unveil the TokenFi website on October 27. Furthermore, these developments have propelled Floki into the top 100 cryptocurrencies by market capitalization. Notably, it is now the fourth most searched token on Binance, surpassing other popular tokens like PEPE, SOL, XRP, and DOGE. The surge in interest results from the anticipation of Floki’s impending launch of its crypto and asset tokenization token. A Strong Bull Run Ahead? Analyzing the current price movements of FLOKI, it’s evident that bullish forces are at play. The 9-day exponential moving average (EMA) has risen above the current trading price, settling at $0.00002927. At the same time, the daily relative strength index (RSI) stands at 84. The asset is indicating an extremely overbought condition. FLOKI Price Chart, Source: TradingView Moreover, if FLOKI manages to break through the $0.00004511 resistance level, a rally toward $0.00005510 appears highly likely. However, if the price drops below the critical support level of $0.00002465, a downward move towards $0.00001961 is a probable scenario. Further decline could lead to testing the $0.00001643 support level.

Ethereum (ETH) bounced back to $1,850 resistance on October 26. Alameda Research and FTX swiftly moved over $59M in cryptocurrencies, including ETH, for undisclosed reasons. Ethereum is currently trading at $1,793, marking a 0.89% decline over the past 24 hours. Ethereum (ETH) continues to tread a delicate path, facing resistance as it attempts to break free from a descending trendline that’s been in place since April, when it reached its yearly high of $2,141. After dipping to a low of $1,536 on October 13, ETH made a rebound, surging to $1,851 by October 26, mirroring the movements of the leading cryptocurrency, Bitcoin. In contrast to Ethereum’s struggle, Bitcoin (BTC) marked a significant rally on Wednesday, reaching a new 18-month high with a market share of $35,116. However, one disturbing news emerged in the crypto market. According to data from crypto data tracker Lookonchain, bankrupt crypto firms Alameda Research and FTX swiftly shifted over $59 million worth of assets, including Ethereum, leaving the reasons behind this transfer unclear. FTX itself faced allegations of criminal mismanagement, leading to its bankruptcy in November, with nearly $9 billion in client funds unaccounted for. In response, FTX is now exploring a plan to repay its creditors by liquidating its assets, which include Ethereum, Solana, MATIC, and more. Ethereum (ETH) Next Target As for Ethereum’s price analysis in the last 24 hours, ETH embarked on a renewed attempt to breach the $1,820 level. It successfully cleared the $1,850 resistance but faced limitations in its upward trajectory. The price reached as high as $1,851 before undergoing a correction, the pattern observed in Bitcoin. During this correction, ETH slipped below the $1,810 and $1,800 levels. Notably, a key bullish trendline was broken, with support near $1,810. Nevertheless, Ethereum found support at the $1,780 level, prompting a resurgence in buying interest. Ethereum (ETH) Price Chart (Source: TradingView) At the time of this report, ETH is trading at $1,793, backed by a daily trading volume of $10.7 billion, a 15% surge within the last 24 hours. For Ethereum, the path ahead is two-fold. If ETH clears the $1,850 resistance, it may set its sights on $1,870 and even test $1,900. Beyond that lies the pivotal resistance at $1,950, it could potentially accelerate towards $2,000. However, if Ethereum fails to overcome the $1,815 resistance, it could face another descent. The initial support on the downside rests near the $1,775 level.

The US Securities and Exchange Securities Commission (SEC) and Ripple Labs are expected to proceed to finalize a settlement following the official dismissal of the former’s claims against Ripple’s CEO Brad Garlinghouse and its co-founder Chris Larsen. In line with that, pro-XRP legal expert John Deaton has revealed how the settlement will play out. A Settlement Isn’t Going To Be Straightforward In a post shared on his X (formerly Twitter) platform, Deaton mentioned that he doesn’t believe “there has been a single serious conversation regarding settlement” between the SEC and Ripple alongside its executives. He said that the Commission is “pissed and embarrassed and wants $770M” as a fine for Ripple’s violation of securities laws. He further noted that the penalty phase isn’t as straightforward as some may think, as it is “like a second case” but one that requires more depositions, interrogatories, requests for the production of documents, emails, bank statements, contracts, and ODL transactions. The process is also made more difficult as while the SEC is insistent on a $770 million fine, Ripple wants to “drastically reduce” the figure, as Deaton stated. To achieve this, Ripple will be looking to exclude the ODL transactions, which the SEC may claim are under institutional sales that violated securities laws. Deaton also alluded to the SEC’s case against the decentralized content-sharing platform LBRY, which took “eight months of additional litigation” before the Judge ordered that the platform pay a fine of $111,614 to the Commission. That case was also not straightforward as both parties had to file multiple briefs again, and depositions were taken. How The SEC’s Case Against Ripple Could Play Out As to when a final judgment could come from Judge Analisa Torres, Deaton doesn’t foresee one until late summer “at the earliest.” With that in mind, he mentioned that it could take a full year before the SEC (or even Ripple) gets the chance to file an appeal in this case. The lawyer once again mentioned the role that Coinbase’s Motion To Dismiss (MTD) could play in this case and a potential settlement. He said that the SEC “will be forced to pivot its anti-crypto agenda and then work out a possible settlement with Ripple” if Judge Failla grants the motion. However, a settlement is unlikely if the crypto exchange were to lose its MTD. Coinbase is asking the judge to dismiss the SEC’s case against it, arguing that the Commission doesn’t have jurisdiction over its activities. Hearing of Coinbase’s oral argument is slated for January 17, 2024, with a ruling likely to come within 60 to 120 days after.

In the meme coin realm, the last week has ignited fresh momentum, and the buzz revolves around Pepe Coin (PEPE), which has witnessed a remarkable surge over the weekend. This rally has set traders’ minds racing, as they contemplate whether PEPE’s ascent could evolve into a formidable challenge to the supremacy of Shiba Inu (SHIB) and Dogecoin (DOGE). At the time of writing, PEPE was trading at $0.00000120, up 3.3% in the last 24 hours, and registered an impressive weekly increase of 90%, data from crypto market tracker Coingecko shows. PEPE Reaches 155K On-Chain Wallets Just recently, Pepe had reached a market cap of $1.6 billion, sparking conversations about its potential to compete with the crypto market’s top meme coins. This rapid resurgence showcases its resilience and its enduring allure to traders and investors. Pepecoin, drawing inspiration from the iconic Pepe the Frog meme, has carved a noteworthy niche in the meme coin arena. Its remarkable journey in early 2023, achieving a staggering $1.6 billion market cap and a rapid 100% weekly growth, hints at the potential for a price surge in Q4 2023. As this developed, the frog-themed meme coin also made headlines when its reach extended to over 155,000 on-chain wallets, encompassing all tokens bridged to both Arbitrum and BSC, underlining its widespread adoption and engagement within the cryptocurrency community. This impressive user base indicates a growing and vibrant ecosystem, poised to explore new horizons and opportunities in the digital asset space. PEPE’s Robust Market Valuation The sudden and robust gains in PEPE’s price have captured the attention of traders and investors, highlighting its potential as an attractive investment within the volatile cryptocurrency market. Pepe (PEPE), a meme coin born during crypto winter, has witnessed an astonishing feat, doubling its price within a week to reach a $500 million market cap. This surge comes as traders anticipate the potential impact of a Bitcoin (BTC) spot ETF on the broader market. As market charts showed a 1% gain in the global crypto market value, reaching $1.28 trillion as of October 26, the prices of cryptocurrencies saw a little boost. Positive momentum from the “Uptober” surge caused the cryptocurrency market to rise significantly in the last few sessions on a global scale. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from iStock/Linas Toleikis

The crypto community is abuzz with speculation as analysts draw parallels between the current XRP price movement and the 2017 Bitcoin (BTC) fractal. With several events on the horizon, many are wondering if the cryptocurrency is on the brink of a significant breakout. Cryptoinsightuk, a recognized figure in the space, tweeted yesterday, “XRP Blast off in T-19 days. I’ve seen a lot of people overlay the 2017 BTC fractal to the present day and to be honest it is following it VERY closely.” Accompanying the tweet were images highlighting the similarities between the two price movements. The 2017 BTC Fractal and XRP’s Current Position The first image shared by Cryptoinsightuk overlays the 2017 BTC price movement onto the current XRP price chart. The striking resemblance between the two has caught the attention of many in the community. The consolidation phase of the 2017 BTC fractal, which began around October/November 2020, is being compared to XRP’s current position. Elaborating on this, Cryptoinsightuk shared a second image, stating, “The consolidation on the left starts in October/November 2020. If we look at where XRP was at this time; It was right here.” The image indicates that following this consolidation phase in 2017, BTC experienced a massive 241% expansion at the end of 2020. However, it’s essential to note that while BTC was experiencing its bull run in 2017, XRP faced a significant setback. As Cryptoinsightuk pointed out, “We then crashed HEAVILY because of a Black swan event (SEC lawsuit was dropped on Ripple), whilst most other cryptos started their bull markets, breaking their previous ATHs (All-Time Highs).” As NewsBTC reported, the SEC lawsuit against Ripple Ripple had a profound impact on the XRP price, causing it to plummet. This event has left many wondering if the cryptocurrency, after consolidating and three consecutive victories over the SEC in recent months, is now poised for a significant breakout. Will History Repeat? The million-dollar question on everyone’s mind is whether XRP will follow the trajectory of the 2017 BTC fractal. If it does, we could be looking at a substantial price surge in the coming weeks. However, as with all things in the crypto world, nothing is guaranteed. Cryptoinsightuk’s tweet ends on a speculative note, asking, “Will history repeat? Or, will XRP outperform after consolidating for over 5 years?” If history repeats itself, the XRP price could blast off in as little as 18 days. XRPEuropean chimed in on the discussion, commenting that there are several potential strong catalysts which could propel the price to new heights, “Love the countdown man. Lots going on with the settlement talks by Nov 9, Ripple Swell and ISO20022 on Nov 19 …. All we need is a Bitcoin spot ETF approval as well.” Cryptoinsightuk responded with enthusiasm, stating, “That would be fireworks!” While the optimism is palpable, some analysts urge caution. JC Hodler recently tweeted, “BTC fractal does look promising for the next bull-run to start. But so did the fractal for XRP in 2021 to take the ATH out & it never happened because of the lawsuit. Still waiting on the Tether lawsuit that should have an effect on all coins. Only time will tell.” Will XRP Release Its Stored Energy? Renowned crypto analyst Egrag has weighed in on the ongoing discussions about XRP’s price trajectory, offering a bullish perspective. According to Egrag, a significant upswing in XRP’s price seems inevitable. “XRP Mega Bounce Is Inevitable – Fib 1.618 ($27),” he stated in reference to his 1-month XRP/USD chart. In his analysis, Egrag compared the previous bull runs of major cryptocurrencies. “In the previous bull run, BTC skyrocketed by 23x and ETH went up a whopping 58x!” He used this historical data to set the stage for XRP’s potential performance, highlighting that XRP’s journey was unfortunately halted due to the SEC. “However, the XRP journey hit a roadblock when it was slapped with a lawsuit, putting a pause on the bull run.” Egrag suggests that once XRP overcomes its legal challenges, it could unleash significant pent-up potential. He elaborated that the cryptocurrency, upon embarking on its next journey, “will release its stored energy, launching it into the cosmic expanse like a shooting star! A 40X move is on the horizon, representing a staggering 4000% gain, perfectly aligning with the Fib 1.618 from the 2017 peak to the 2020 bottom. At press time, XRP traded at $0.5509.

Bitcoin price is still above the $33,200 support zone. BTC could start a fresh increase unless there is a close below the 100 hourly SMA and $33,400. Bitcoin is still struggling to clear the $35,000 resistance. The price is trading above $33,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance near $34,120 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it clears the trend line and then $34,555. Bitcoin Price Holds Key Support Bitcoin price failed to gain strength for a close above the $35,000 resistance zone. BTC started a fresh decline below the $34,500 level. There was a move below the $34,000 zone as well before the bulls appeared. A low is formed near $33,717 and the price is still well above the 100 hourly Simple moving average. It is slowly moving higher above the $34,000 level. There was a break above the 23.6% Fib retracement level of the downward move from the $35,140 swing high to the $33,717 low. Bitcoin is now trading above $33,650 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $34,100 level. There is also a connecting bearish trend line forming with resistance near $34,120 on the hourly chart of the BTC/USD pair. The next key resistance could be near $34,550 or the 61.8% Fib retracement level of the downward move from the $35,140 swing high to the $33,717 low. The main resistance is still near the $35,000 zone. Source: BTCUSD on TradingView.com A clear move above the $35,000 resistance might start another surge. The next key resistance could be $36,500. Any more gains might send BTC toward the $38,000 level in the coming days. Another Decline In BTC? If Bitcoin fails to rise above the $34,550 resistance zone, it could start another decline. Immediate support on the downside is near the $33,700 level. The next major support is near the $33,400 level and the 100 hourly Simple moving average. If there is a move below the 100 hourly Simple moving average, there is a risk of more downsides. In the stated case, the price could decline toward the $31,500 level in the coming sessions. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $33,700, followed by $33,400. Major Resistance Levels – $34,120, $34,550, and $35,000.

Ethereum price started a downside correction from the $1,866 high against the US dollar. ETH must stay above the $1,750 support to start a fresh increase. Ethereum failed to gain strength above $1,850 and corrected lower. The price is trading above $1,750 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support near $1,810 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its decline if it fails to stay above the $1,750 support. Ethereum Price Signals Downside Correction Ethereum attempted a fresh increase above the $1,820 level. ETH even cleared the $1,850 resistance, but the upsides were limited. The price traded as high as $1,866 and recently started a downside correction, like Bitcoin. There was a move below the $1,810 and $1,800 levels. Besides, there was a break below a key bullish trend line with support near $1,810 on the hourly chart of ETH/USD. The pair traded close to the $1,750 support before the bulls emerged. A low is formed near $1,763 and the price is now consolidating. It is trading near the 23.6% Fib retracement level of the downside correction from the $1,866 swing high to the $1,763 low. Ethereum is now trading above $1,750 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $1,815 level. It is close to the 50% Fib retracement level of the downside correction from the $1,866 swing high to the $1,763 low. Source: ETHUSD on TradingView.com The first major resistance is near the $1,850 zone. A close above the $1,850 resistance could start a decent increase. In the stated case, Ether could surpass $1,865 and test $1,920. The next key resistance is near $1,950, above which the price could accelerate higher. In the stated case, the price could rise toward the $2,000 level. More Losses in ETH? If Ethereum fails to clear the $1,815 resistance, it could start another decline. Initial support on the downside is near the $1,765 level. The next key support is $1,750 and the 100-hourly Simple Moving Average. A downside break below the $1,750 support might send the price further lower. In the stated case, Ether could drop toward the $1,700 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $1,750 Major Resistance Level – $1,815

Shiba Inu (SHIB) has sustained an impressive bullish streak over the past week, marking a significant upward trajectory in its value. With seven out of the last eight days showing positive growth, the meme coin has not only managed to reclaim a critical low of $0.0000076 it registered in December last year, but has also encountered several notable barriers along its upward climb. In its journey through September, SHIB faced resistance from the established resistance zone and a daily bearish order block situated above $0.00000755. However, the October rally saw a significant shift, as the hurdle transformed into support, propelling the coin beyond the December low, with the current SHIB price according to CoinGecko standing at $0.0000078, indicating a 2.5% dip over the last 24 hours but still showcasing a substantial 14% surge over the past seven days. Price Analysis Reveals Liquidation Levels And Potential Pullbacks The recent price analysis report has highlighted substantial liquidation levels within the cryptocurrency market, drawing attention to a key threshold at $0.0000077 as the upper boundary for liquidations. Additionally, the analysis revealed that medium liquidation levels are concentrated within the range of $0.0000078 to $0.0000079. These findings indicate that traders and investors should closely monitor these price levels, as they serve as crucial points of interest, potentially signifying significant shifts in market sentiment and trading activity. The data suggests that these specific price points are currently important reference points in assessing the cryptocurrency’s price dynamics and potential market reactions. This information hints at the possibility of an extended pullback, potentially leading to a liquidity hunt that could drive SHIB towards the $0.0000077 mark. The medium liquidation level at $0.0000083 is a significant chart obstacle for SHIB, potentially posing a formidable challenge to any further price increases. It has historically acted as a strong resistance point, and breaking through it could be a key factor in SHIB’s future price performance. The bullish momentum of Bitcoin has the potential to be a crucial factor in helping SHIB overcome its current price obstacle, especially if Bitcoin surpasses the $35,000 mark. Bitcoin’s significant influence on the broader cryptocurrency market means that a strong Bitcoin rally could stimulate greater interest and investment in SHIB, possibly enabling it to exceed the $0.0000083 level. This highlights the interdependence of various cryptocurrencies and the impact of Bitcoin’s performance on its counterparts. SHIB’s Growing Investor Interest Interestingly, Shiba Inu has witnessed a surge in the total number of addresses, currently reaching a new high of 3.63 million, as per data provided by IntoTheBlock. This substantial increase in the number of addresses indicates a growing interest in SHIB among investors and traders. Furthermore, IntoTheBlock’s data also highlights an uptick in Shiba Inu profitability, indicating that the positive price action has contributed to a favorable investment landscape for the meme coin. Shiba Inu’s recent price movements suggest a resilient and increasingly promising outlook, despite the challenges posed by key resistance levels and potential pullbacks. As Shiba Inu reverses its December downtrend, investors are eagerly watching for signs of a potential upward trend. The cryptocurrency market’s resilience and the enthusiasm of Shiba Inu’s community underline the possibility of brighter days ahead. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from The Currency Analytics

BNB price struggled to climb above $240 and corrected gains against the US Dollar. It is now approaching a major support zone at $220 and $215. BNB price is slowly moving lower toward the $220 support against the US Dollar. The price is now trading above $215 and the 100 simple moving average (4 hours). There is a key bullish flag pattern forming with resistance near $225 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair might gain bullish momentum if there is a clear move above $228. BNB Price Eyes Fresh Increase These past few days, BNB price saw a decent recovery wave above the key $220 resistance zone. Bitcoin rallied over 20% to $35,000 and helped BNB avoid a major downside break. The price climbed above the $225 and $230 resistance levels. However, it struggled near the $238-$240 zone. A high was formed near $237.6 and the price recently started a downside correction. There was a move below the $235 level. BNB dipped below the 50% Fib retracement level of the upward move from the $208.3 swing low to the $237.6 high. It is now trading above $215 and the 100 simple moving average (4 hours). There is also a key bullish flag pattern forming with resistance near $225 on the 4-hour chart of the BNB/USD pair. If there is a fresh increase, the price could face resistance near the $225 level. The next resistance sits near the $228 level. A clear move above the $228 zone could send the price further higher. In the stated case, BNB price could test $238. A close above the $238 resistance might set the pace for a larger increase toward the $250 resistance. More Losses? If BNB fails to clear the $228 resistance, it could start another decline. Initial support on the downside is near the $220 level and the 61.8% Fib retracement level of the upward move from the $208.3 swing low to the $237.6 high. The next major support is near the $215 level or the 100 simple moving average (4 hours). If there is a downside break below the $215 support, the price could drop toward the $207 support. Any more losses could initiate a larger decline toward the $202 level. Technical Indicators 4-Hours MACD – The MACD for BNB/USD is losing pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $220, $215, and $207. Major Resistance Levels – $225, $228, and $238.

In what is seen to be a monumental move, dYdX, a layer-2 decentralized exchange (DEX), is open-sourcing its code as the platform prepares to implement v4. The exchange has a total value locked (TVL) of over $353 million, according to DeFiLlama. dYdX Open-Sourcing Code Ahead Of V4 According to an X post on October 24, dYdX plans to eventually operate on its standalone blockchain on Cosmos, migrating from being a layer-2 exchange reliant on Ethereum for security. The standalone blockchain, dYdX Chain, will be built using the Cosmos software developer kit (SDK) and powered by the Tendermint proof-of-stake consensus algorithm. In blockchain, projects often open source their code, allowing the public to scrutinize how smart contracts operate. By going public, the protocol is helping to build trust with users and community members, boosting security and increasing decentralization. This is especially important because the DEX handles sensitive financial data to facilitate trustless trading for all users. Antonio Juliano, the founder of dYdX, has already said the exchange developer, dYdX Trading Inc., is updating its charter to become a Public Benefit Corporation. The exchange developers will work on an open project without benefiting. Though the platform will remain a for-profit company as a Public Benefit Corporation (PBC), the founder and the board will “not solely act to maximize shareholder value but act in the public benefit.” Still, the layer-2 protocol has to receive approval from the community through a vote before the project transitions to v4 on Cosmos. Afterward, as stated by Juliano, dYdX will become fully open-source and decentralized, meaning the community will take over how the protocol evolves through a governance vote effected by the dYdX Foundation. Will New Features Propel The Token To 2023 Highs? With v4, dYdX will build an off-chain order book and release an equally scalable matching engine that can process more transactions. This way, the development team believes this will “dramatically” enhance the protocol, all without charging trading fees, since it will run on Cosmos, a scalable layer-1 and interoperable blockchain. Part of these enhancements include making dYdX more efficient in trading. Subsequently, several features, such as batch execution and limit orders, will go live. At the same time, dYdX v4 will support trading new asset classes, such as equities, commodities, and real estate, making the protocol more versatile. Ahead of this transition, the native token of the exchange is trading at H2 2023 highs, looking at price action. Notably, the token has broken above July to October 2023 resistance levels with increasing volumes. At the same time, looking at the development in the daily chart, bull bars are banding along the upper BB, pointing to strong upward momentum. The region around $3.25 and $3.5, marking Q1 2023 highs, could be immediate targets for optimistic bulls.

Predicting the Bitcoin price movements and when altcoin prices will rally again is not a small feat but one analyst has managed to do so. Crypto analyst TonyTheBull has been calling for a bull market, saying that this cycle differs from previous ones in the fact that there will be a rally this year. This proved to be true last week when the price of Bitcoin started surging and hit as high as $35,100. Now the analyst has called the next altcoin to outperform, and it already is. Fetch (FET) Is Next Altcoin In Line In the latest iteration of the CoinChartist (VIP) newsletter, crypto analyst TonyTheBull revealed that Fetch (FET) was his next pick after the Bitcoin breakout. He revealed that he had previously bought FET which ended up outperforming in January, and believes the same will be the case here as well. FET which is one of the top AI-powered crypto tokens is already on the rise after the analyst called it at the $0.24 level. TonyTheBull also posits that a Raging Bull indicator flipping on would be able to confirm further upside. “Waiting for the Raging Bull to turn on would help confirm increased bullishness in the altcoin,” the newsletter read. The Raging Bull Indicator, explained the analyst, “was designed using the Relative Strength Index to help indicate when Bitcoin or other assets are in a bull market, and more importantly, and impulsive like trend.” Basically, this indicator helps to show the strength of a cryptocurrency. Looking at FET’s performance since the call, it has already climbed over 30% and is now trading above $0.3, hitting a local peak of $0.32 on Wednesday. Bitcoin Not The Only One Looking Good Despite Bitcoin still looking incredibly bullish on the charts, the analyst points out some altcoins that have had their Raging Bull Indicators turned on this year as well. The first on the list is Solana whose indicator turned on for the first time since 2022. Following this, the digital asset went on a massive run but it might not be done. TonyTheBull revealed that the last time this indicator was turned on, Solana blew up by 500%, and then continued on to do a 17,000% rally. So if it sticks to historical performance, the Solana rally might only be in its early stages. The next altcoin to appear on the list is Chainlink’s LINK. LINK moved from around $7 to over $11 in a matter of days. But just like Solana, this coin may only be in its early stages. LINK’s Raging Bull Indicator last turned on in 2019 and the coin saw a “700% in the near term, and more than 9,000% in total.” The analyst further added, “This might not be a setup to sleep on.”

In a recent development, US lawmakers have urged the US Department of Justice (DOJ) to initiate a criminal investigation into cryptocurrency exchange Binance (BNB) and stablecoin issuer Tether (USDT). The lawmakers, led by Senator Cynthia Lummis, reference a controversial Wall Street Journal (WSJ) report that alleges Hamas and its affiliate raised significant funds through cryptocurrencies. Binance And Tether Face Calls For Criminal Charges In a joint letter signed by Senator Lummis and Representative French Hill, the lawmakers express deep concern over reports indicating that “unregulated crypto intermediaries” outside the United States have allegedly facilitated illicit financial activities, including financing terrorism, such as Hamas’s attacks on Israel. Lummis and Hill urged the DOJ to promptly reach a charging decision regarding Binance, considering the extent of its involvement, and to conclude the ongoing investigation into Tether’s alleged illicit activities. The lawmakers refer to the WSJ report of October 10, 2023, which disclosed that Hamas, Palestinian Islamic Jihad, and Hezbollah had received cryptocurrency funding since August 2021. They stress the DOJ’s need to hold any entities facilitating illicit activities accountable. The letter further reads: On the other hand, Tether faced a fine by the Commodity Futures Trading Commission (CFTC) in 2021 for issues related to backing its stablecoin USDT. The lawmakers urged the DOJ to thoroughly assess whether Binance and Tether have provided material support and resources for terrorism by violating applicable sanctions laws and the Bank Secrecy Act. Lummis and Hill emphasize the importance of swift action to cut off funding sources for terrorists targeting Israel. Tether Counters Allegations In response to Senator Lummis and Rep. Hill’s claims, Tether issued a statement addressing the “misinformation” surrounding the potential misuse of cryptocurrencies. Tether references independent investigations by Chainalysis and Elliptic, which found significant errors and faulty attribution techniques in reports, including the WSJ’s article. Tether emphasizes its commitment to regulatory compliance, due diligence, and global collaboration with law enforcement agencies. They highlight their track record of freezing assets tied to illicit activities and assert no evidence of sanctions law or Bank Secrecy Act violations. Tether further notes the inherent transparency of blockchain technology and the proactive measures taken by virtual asset service providers to monitor and report potentially illicit activities. They reaffirm their dedication to transparency, compliance, and collaboration with authorities, inviting constructive dialogue and cooperation. As the call for a DOJ investigation unfolds, the cryptocurrency community awaits further developments and the potential impact on Binance and Tether’s operations. As of this writing, BNB is trading at $221, representing a decrease of 0.9% within the last 24 hours. However, it is worth noting that the token has experienced significant gains over the past seven and thirty days, amounting to 5.3% and 4.9%, respectively. Featured image from Shutterstock, chart from TradingView.com

The monthly trading volume of LooksRare, a decentralized non-fungible token (NFT) and digital collectible marketplace, is down 97%, crashing from $71.9 million registered in September 2023 to just $2.1 million in October, Token Terminal data shared by Web3 Academy on October 26, via X shows. LooksRare’s Monthly Volume Tanking, Falls To $2.1 Million In October The unprecedented drop in activity couldn’t be pinned on any particular LooksRare-related event when writing on October 26. This contraction is despite the broader cryptocurrency market recovering, rising as seen by the welcomed expansion of leading assets, including Bitcoin (BTC) and Ethereum (ETH). According to trackers, monthly volume has been falling steadily since April 2023. Then, the average volume exceeded $150 million, pointing to rising interest, especially from traders. At that time, it should be noted that most crypto assets were also growing. Specifically, Bitcoin broke higher, touching $30,000, triggering demand and reviving hopes that the market was looking up again following the collapse in 2022. By June through September, the average monthly volume in LooksRare had more than halved before plunging to less than $3 million in October 2023. The spike in monthly trading activity in April coincided with the release of LooksRare v2, which saw the platform’s developers reduce trading fees by 75% from 2% to 0.5%. The updated version is also more gas efficient, allowing traders to save up to 30% on gas compared to the previous edition. Moreover, with LooksRare allowing traders to place bulk orders when buying or selling, monthly volume rapidly rose in April. NFT Bull Run Postponed, Will LOOKS Break Resistance Line? With activity rapidly contracting, LOOKS, the native token of LooksRare, has also been flat-lining, looking at price action. The token trades around the $0.070 level at spot rates, retesting August highs. However, an inverted hammer suggests that the uptrend momentum could wane, and bears might reverse gains. Despite concerns, LOOKS is up 60% from H2 2023 lows and may still rally in the months ahead. Looking at the candlestick arrangement in the daily chart, a close above $0.070 with expanding volumes could set the ball rolling for buyers who expect the token to retest 2022 lows at around $0.12. Overall, NFT and digital collectible trading activity remains relatively lower, even with bullish traders expecting prices to turn around and rally in 2024. Recently, there was a brief increase in the floor prices of leading NFT collections like Bored Ape Yacht Club (BAYC), Azuki, and CryptoPunk. However, with trading volume and the number of new owners still at record lows, researchers put off the chance of an NFT bull run starting in Q4 2023.

Dogecoin gained over 29% in the past week, reaching $0.0708, making it one of the top-performing coins in the top 10 by market capitalization. DOGE’s recent price spikes have raised questions about its sustainability, with prominent analyst Rekt Capital calling it a “moment of truth.” Rekt Capital highlighted FOMO-driven wicks in the DOGE chart, suggesting the possibility of more capital inflows in the near future. Dogecoin (DOGE) has seen substantial gains over the past week, rallying over 29% as some alternative cryptocurrencies begin paring their recent increases. As of writing, Dogecoin is up 5.7% to $0.0708, solidifying its position as one of the top-performing coins among the top 10 by market capitalization. There has been some doubt about the ability of DOGE bulls to maintain this uptrend. However, according to prominent analyst Rekt Capital, the recent price spikes signal a “moment of truth” for the meme-inspired cryptocurrency. Rekt Capital highlights FOMO in Dogecoin chart In a tweet, Rekt Capital pointed to the FOMO-driven wicks in the DOGE chart, implying more capital inflows could arrive in coming days. Additionally, the analyst noted that a weekly close above the $0.07163 level would provide a strong sign of a major breakout ahead for Dogecoin. Notably, this latest DOGE rally has occurred without influence from Tesla CEO Elon Musk, the coin’s most vocal supporter. Instead, buyers seem to be enticed by the broader cryptocurrency market recovery that has ignited enthusiasm after an extended bearish period. Previous drawdowns and underperformance also appear to have prprovided aufficient boost for investors to take new positions in Dogecoin. The meme coin had traded mostly sideways for much of 2022. Now, buyers seem ready to make Dogecoin a standout once again among alternative cryptos. Sustaining the upside momentum will be key for DOGE to confirm a true trend change. But its recent break from its stagnant trading range shows the Dogecoin army has not given up yet.