On August 29, flagship cryptocurrency Bitcoin soared to as high as $28,000 following Grayscale’s victory. However, it has now lost these gains as the US Securities and Exchange Commission (SEC) chose to delay its decisions on seven Spot ETF applications. Bitcoin Crashes Below $26,000 Bitcoin dropped by over 4% to $26,000 as the SEC extended the timeline to decide on the ETF applications of BlackRock, WisdomTree, Invesco, Fidelity, Valkyrie, VanEck, and Bitwise. This price action contrasts with when the cryptocurrency had reacted positively to the news of Grayscale’s victory, with the US Court of Appeals ruling in favor of the asset manager against the Commission. Many had looked forward to the SEC’s decision in these ETF applications following Grayscale’s victory, hoping that the legal loss would have softened the regulator into approving these applications. However, Bloomberg ETF analyst Eric Balchunas had stated earlier that he would not be “surprised” if the SEC delayed these applications. According to him, these timelines may not matter as much as the SEC is still likely to “give in” at some point, and we will eventually see the approval of these applications. Following this extension, the SEC will have another 45 days to review these applications and choose whether to approve, deny, or delay its decision. The regulator also has a maximum of 240 days to decide whether or not to approve or disapprove these applications. However, it has several key deadlines in between. What’s Next For BTC? Many have projected the approval of a Spot Bitcoin ETF as one of the key events that could spark a significant surge in Bitcoin’s price (as we saw how the market reacted following Grayscale’s victory). However, the SEC’s decision to delay these applications shows that it is not ready to back down just yet, and there could be continued resistance to approving a Spot Bitcoin ETF. While the approval of a Spot Bitcoin ETF remains uncertain, Bitcoin may be hanging in the red throughout this month. According to historical data, September has always been known to be bearish for Bitcoin’s price as the digital asset has closed in the red most times at the end of September. Meanwhile, October seems more promising as there are major days to watch as Bloomberg analyst James Seyffart noted that the SEC’s next deadline for these ETF applications is in October. Ethereum Futures ETFs are also expected to launch in October, which could be a major boost for the market. Despite this, analysts aren’t hopeful of Bitcoin hitting any new highs this year, as one predicts that Bitcoin could consolidate between $25,000 and $32,000 for the remainder of this year.

In a recent report by Capriole Investments’ Charles Edwards explored the Federal Reserve’s ever-expanding war chest and its potential implications for the Bitcoin and crypto market. As Bitcoin gears up for its halving in April 2024, a pivotal event that will make it scarcer than gold, understanding the macroeconomic environment becomes crucial. Why Macro Matters For Bitcoin And Crypto Edwards underscores the inherent interconnectedness of global markets, asserting, “Bigger markets drive smaller markets.” This symbiotic relationship is evident in the crypto realm, where altcoins’ performance is closely tethered to Bitcoin’s movements. Drawing a parallel with traditional markets, Edwards elucidates, “Bonds drive equities, equities drive Bitcoin and Bitcoin drives altcoins.” Contrary to the prevailing sentiment of an impending recession in 2023, the equities market defied expectations with a robust rally. This surge was not arbitrary but was propelled by the groundbreaking integration of usable AI, which has the potential to significantly augment GDP. Edwards directs attention to the NAAIM Exposure Index, a barometer of NAAIM managers’ equities exposure. The current readings of this index are reminiscent of those in June and October 2022, both of which signaled local bottoms for the S&P 500. Furthermore, the AAII sentiment survey results, which are currently moderate, could provide a more convincing buy signal if they align with the NAAIM Exposure Index. Another metric that Edwards holds in high regard is the Put/Call ratio. This ratio offers insights into the relative bullishness or bearishness of market participants in the options market. A recent spike in this ratio suggests that the traditional finance market might be on the cusp of a near-term upward movement, Bitcoin and crypto could follow. However, Edwards tempers this optimism with a note of caution. For a more definitive bullish signal, the S&P 500 would need to breach and sustain above the pivotal monthly resistance level at 4600. A consistent performance above this threshold would dispel any notions of a transient “dead-cat-bounce.” Macro Fundamentals: A Mixed Bag The broader macroeconomic picture presents a mosaic of varying hues. The aggressive tightening cycle, a hallmark of the Fed’s recent monetary policy, is still being assimilated by the markets. With the reservoir of household savings accumulated during the Corona stimulus years now running dry, a consequential contraction in consumer spending is on the horizon. Edwards shines a spotlight on a couple of particularly disconcerting metrics: a marked decline in manufacturing, a sector whose downturns have historically been harbingers of recessions and consumer spending, which has not only dipped below its 20-year average growth rate but has done so at an alarming velocity. Other red flags in the US economic landscape include a relative rise in the cost of living as income growth, at a meager 1% annually, lags behind inflation; an unprecedented credit card debt mountain of $1 trillion; escalating delinquency rates; and a squeeze on net worth as housing prices wane in the face of dwindling demand. Yet, despite these ominous signs, the robust employment rates render any immediate proclamations of a recession premature. Edwards emphasizes the significance of the “initial claims” metric as a bellwether for unemployment trends. However, the integration of AI into the workforce is not just a technological marvel but a potential economic game-changer. Edwards, drawing from personal experience, notes a 50% surge in productivity with AI’s aid. He references a statement by Sam Altman, CEO of OpenAI, which projects that in the near future, a single programmer, with tools like ChatGPT and Copilot, could rival the productivity of 20-30 of today’s programmers. The Fed’s War Chest Aware of the looming economic uncertainties, the Federal Reserve has been bolstering its defenses. The unprecedented rate hikes, catapulting interest rates from zero to 5% in a mere year, coupled with a contraction in the money supply rate, have engendered the most stringent economic conditions ever recorded that has been weighing heavy on tradfi, Bitcoin and crypto. The Fed’s dual strategy of high interest rates, which provide leeway to slash rates during crises, and its recent success in paring down its balance sheet by a whopping $1trillion, are central to its defensive posture. Edwards speculates on the timing of the next QE round, suggesting that given the impending election year, the Fed might be compelled to deploy its liquidity arsenal sooner than anticipated. Given the current macroeconomic tableau and the 90% of rate hikes already factored into the market as per the CME FedWatch, Edwards posits that the Fed might be compelled to infuse liquidity in the imminent future, especially if indicators like rising unemployment or plummeting consumer spending manifest. What will happen then should be clear to everyone: risk assets like Bitcoin and crypto will rally, aligning perfectly with the BTC halving. At press time, BTC traded at $26,015.

Hedera (HBAR) recently encountered a significant hurdle as it faced price rejection at a crucial weekly bearish order block. Currently hovering at the $0.0500 level, this juncture has emerged as a formidable obstacle for sellers looking to capitalize on the prevailing bearish sentiment. In a price report, it was revealed that HBAR’s funding rates have consistently remained in negative territory for the past few days. This bearish skew in the futures market further underscores the challenges HBAR faces in its price recovery. The current HBAR price, as reported by CoinGecko, stands at $0.050716, with a 5.0% decline over the last 24 hours and nearly 13% drop over the past seven days. Declining Open Interest Reflects Reduced Hedera Demand Adding to the bearish narrative, open interest rates for HBAR have plummeted from $27 million to $21 million within the last five days (from August 24th to August 31st). This substantial drop indicates a waning demand for HBAR within the futures market, potentially emboldening sellers to seek further gains. The fate of HBAR remains closely intertwined with Bitcoin’s performance. As Bitcoin drops below the key $26,000 level, it has retraced a significant portion of its loss courtesy of a favorable US court ruling in Grayscale Investments’ Bitcoin ETF case against the Securities and Exchange Commission. SEC’s ETF Delay Casts a Shadow on the Crypto Market Bitcoin’s value, along with that of other cryptocurrencies, took a hit following the SEC’s announcement of a delay in reviewing seven spot Bitcoin exchange-traded fund (ETF) applications until October. This delay has cast a shadow of uncertainty over the cryptocurrency market, impacting investor sentiment. CoinShares, in its latest Digital Asset Fund Flows Weekly Report, revealed that digital assets collectively experienced outflows of $168 million over the past week, marking a two-week streak of declining investments. This negative sentiment can be attributed to the growing belief that the approval of a spot Bitcoin ETF will take longer than initially anticipated. However, amidst this turbulent market atmosphere, there is a glimmer of hope, especially after Grayscale’s win in its lawsuit against the SEC. The court acknowledged the SEC’s error in rejecting Grayscale’s bitcoin ETF application. This legal triumph could potentially inject some optimism back into the crypto market in the coming days. The fate of HBAR remains closely linked to Bitcoin’s performance, and uncertainties stemming from the SEC’s ETF delay continue to weigh on the broader cryptocurrency market. Grayscale’s legal victory, however, offers a ray of hope amidst the prevailing bearish sentiment. Meanwhile, traders and investors are advised to tread cautiously and monitor market developments closely. (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 IntelligentHQ

Bullish XMR price prediction for 2023 is $168.9 to $205.6. Monero (XMR) price might reach $250 soon. Bearish XMR price prediction for 2023 is $104.7. In this Monero (XMR) price prediction 2023, 2024-2030, we will analyze the price patterns of XMR by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION Monero (XMR) Current Market Status What is Monero (XMR)? Monero (XMR) 24H Technicals MONERO (XMR) PRICE PREDICTION 2023 Monero (XMR) Support and Resistance Levels Monero (XMR) Price Prediction 2023 — RVOL, MA, and RSI Monero (XMR) Price Prediction 2023 — ADX, RVI Comparison of XMR with BTC, ETH MONERO (XMR) PRICE PREDICTION 2024, 2025, 2026-2030 CONCLUSION FAQ Monero (XMR) Current Market Status Current Price $144.31 24 – Hour Price Change 0.83% Up 24 – Hour Trading Volume $94,385,004 Market Cap $2,645,121,863 Circulating Supply 18,325,836 XMR All – Time High $517.62 (On May 08, 2021) All – Time Low $0.213 (On jan 15, 2015) XMR Current Market Status (Source: CoinMarketCap) What is Monero (XMR) TICKER XMR BLOCKCHAIN Monero blockchain CATEGORY Public blockchain platform LAUNCHED ON April 2014 UTILITIES Governance, Fast Transactions, gas fees & rewards Monero cryptocurrency (XMR) was established in 2014, which is open-source and focuses on privacy. Its blockchain is opaque, which makes transaction details and amounts anonymous by masking the addresses used by participants. Investors can mine Monero using their own CPUs, which means they don’t need to pay for special hardware. The mining process for Monero is based on an egalitarian concept where all are equal and deserve equal opportunities. Monero 24H Technicals (Source: TradingView) Monero (XMR) Price Prediction 2023 Monero (XMR) ranks 25th on CoinMarketCap in terms of its market capitalization. The overview of the Monero price prediction for 2023 is explained below with a daily time frame. XMR/USDT Ascending Triangle Pattern (Source: TradingView) In the above chart, Monero (XMR) laid out an Ascending Triangle. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows. If the trend breakout at the resistance level, the price will continue to move up in this ascending triangle pattern. At the time of analysis, the price of Monero (XMR) was recorded at $144.31. If the pattern trend continues, then the price of XMR might reach the resistance levels of $173.3 and $283.3. If the trend reverses, then the price of XMR may fall to the support of $131.1, and $107.5. Monero (XMR) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Monero (XMR) in 2023. XMR/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as resistance and support levels of Monero (XMR) for 2023. Resistance Level 1 $168.9 Resistance Level 2 $205.6 Support Level 1 $133.5 Support Level 2 $104.7 XMR Resistance & Support Levels Monero (XMR) Price Prediction 2023 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (XMR) are shown in the chart below. XMR/USDT RVOL, MA, RSI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the current Monero (XMR) market in 2023. INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $155.9Price = $143.1 (50MA>Price) Bearish/Downtrend Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 40.56 <30 = Oversold 50-70 = Neutral>70 = Overbought Nearly Oversold Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak volume Monero (XMR) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Monero (XMR) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI). XMR/USDT ADX, RVI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the price momentum of Monero (XMR). INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 44 Strong Trend Relative Volatility Index (RVI) Volatility over a specific period 52.62 <50 = Low >50 = High High volatility Comparison of XMR with BTC, ETH Let us now compare the price movements of Monero (XMR) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs XMR Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of XMR is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of XMR also increases or decreases respectively. Monero (XMR) Price Prediction 2024, 2025 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Monero (XMR) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030. Year Bullish Price Bearish Price Monero (XMR) Price Prediction 2024 $252 $108 Monero (XMR) Price Prediction 2025 $264 $110 Monero (XMR) Price Prediction 2026 $276 $115 Monero (XMR) Price Prediction 2027 $288 $119 Monero (XMR) Price Prediction 2028 $290 $123 Monero (XMR) Price Prediction 2029 $302 $125 Monero (XMR) Price Prediction 2030 $314 $129 Conclusion If Monero (XMR) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Monero (XMR) price prediction for 2023 is $205.6. Comparatively, if unfavorable sentiment is triggered, the bearish Monero (XMR) price prediction for 2023 is $104.7. If the market momentum and investors’ sentiment positively elevate, then Monero (XMR) might hit $250. Furthermore, with future upgrades and advancements in the Monero ecosystem, XMR might surpass its current all-time high (ATH) of $517.62. and mark its new ATH. FAQ 1. What is Monero (XMR)? Monero is a privacy-centric cryptocurrency based on the CryptoNote protocol, which is a secure, private and undetectable currency system. 2. Where can you buy Monero (XMR)? Traders can trade Monero (XMR) on the following cryptocurrency exchanges such as Binance, OKX, Deepcoin, Bybit, and Bitrue. 3. Will Monero (XMR) record a new ATH soon? With the ongoing developments and upgrades within the Monero platform, Monero (XMR) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Monero (XMR)? Monero (XMR) hit its current all-time high (ATH) of $517.62 on May 08, 2021. 5. What is the lowest price of Monero (XMR)? According to CoinMarketCap, XMR hit its all-time low (ATL) of $0.213 On Jan 15, 2015. 6. Will Monero (XMR) hit $250? If Monero (XMR) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $250 soon. 7. What will be the Monero (XMR) price by 2024? Monero (XMR) price might reach $252 by 2024. 8. What will be the Monero (XMR) price by 2025? Monero (XMR) price might reach $264 by 2025. 9. What will be the Monero (XMR) price by 2026? Monero (XMR) price might reach $276 by 2026. 10. What will be the Monero (XMR) price by 2027? Monero (XMR) price might reach $288 by 2027. Top Crypto Predictions Polkadot (DOT) Price Prediction 2023, 2024, 2025-2030 Ethereum (ETH) Price Prediction 2023, 2024, 2025-2030 Binance Coin (BNB) Price Prediction 2023, 2024, 2025-2030 Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Ripple Labs has initiated the strategy release of 1B XRP from its escrow accounts, worth over $510M. The XRP saw a minimal impact on price down by 3.50% over the past 24 hours. In a strategic move aimed at maintaining the liquidity of the XRP cryptocurrency, Ripple Labs has released a total of one billion XRP coins from its escrow accounts. The release was executed in four transactions, with the overall transferred XRP valued at $510 million. According to popular blockchain tracker Whale Alert, the transactions occurred on September 1 at 12:00 a.m. (UTC), with the first transaction seeing the unlocking of 300 million XRP tokens. Subsequent transactions included the release of 100 million XRP in the second, 200 million XRP in the third, and an impressive 400 million XRP in the final transaction. XRP Coins Unlock (Source: Whale Alert Telegram Group) The phased release of XRP from escrow is part of Ripple’s strategy to maintain a balanced circulation of the cryptocurrency, thereby preventing any drastic downfall. Ripple Labs introduced the process of locking XRP in escrow accounts back in 2017 as a means to ensure controlled distribution. This method involved a gradual monthly release of one billion tokens over a span of 55 months. As per this schedule, the final transaction is anticipated to be made available by December 2023. Out of the total supply of 99,988,458,761 XRP, approximately 52,977,697,600 XRP, equivalent to about 47%, are currently in circulation. XRP’s Price Reaction Notably, this recent escrow release has demonstrated limited impact on the XRP price. Currently, XRP is trading at $0.5093, reflecting a 3.50% decrease over the past 24 hours. This price dip coincides with a broader trend of price decline affecting several major cryptocurrencies in the market. The SEC’s decision to delay the Bitcoin ETF until October additionally contributed to the decline in the crypto market. XRP (XRP) Price Chart (Source: TradingView) In terms of its moving averages, XRP’s current outlook reveals an upward track relative to its 200-day moving average (MA), though it remains below its 50-day MA. The Relative Strength Index (RSI) for XRP stands at 34.21, indicating an oversold condition. If the bearish sentiment continued, XRP’s price could potentially plummet to support levels of $0.4538. Or even further down to $0.3275. Conversely, if bullish momentum takes charge, XRP’s value could surge to $0.5837 and potentially reach as high as $0.9421. What do you think about Ripple’s release of one billion XRP, and how would it impact the XRP’s price in the future? Tweet to us at @The_NewsCrypto and let us know your thoughts. Recommended for you XRP (XRP) Price Prediction 2023

The Monetary Authority of Singapore recently unveiled its Stablecoin Regulatory Framework to strong international reception, buttressing the nation-state’s prominence as a cornerstone of the blockchain industry. It is thus befitting that Singapore has been selected as the venue of choice for the inaugural Stablecoin Summit, set to take place at Raffles Hotel Singapore on September 15, 2023. Organized by XREX and the Unitas Foundation, this trailblazing event focuses on exploring the transformative potential stablecoins bring to fintech, cross-border, and business-to-business (B2B) payments, with the aim to catalyze innovation and foster collaborations within the financial landscapes in Singapore and beyond, right on the heels of TOKEN2049. Expect influential thought leaders such as Cynthia Wu (co-founder & COO, Matrixport), Lennix Lai (Global Chief Commercial Officer, OKX), and Hassan Ahmed (Country Director of Singapore, Coinbase) to debate the practical implementation of digital currencies for institutions, cross-border merchants, small business owners, and how this impacts the lives of the everyday consumer. Be part of the conversation with leading stablecoin providers and protocols, such as Circle, CELO, Mento Labs, Unitas, and Goldfinch. “XREX is proud to bring this summit to life with partners and speakers from organizations who share our vision of stablecoin adoption in real-world use cases,” said Wayne Huang, co-founder and CEO of XREX, a blockchain-enabled financial institution focusing on emerging markets like India. “We’ve seen first-hand how stablecoin payments have solved USD liquidity issues and helped small and medium enterprises and merchants access the global market. We believe stablecoins will be the next trillion-dollar industry.” Less than a decade ago, the notion of sending billions of dollars internationally without a trusted third party was regarded as untenable. Sceptical voices believed sending large sums for just a few cents in fees was nothing more than a pipedream. Fast forward to today, the landscape looks diametrically different, with individuals, businesses, banks, and governments all have access to stable, reliable, and trustless transactions at almost any size – thanks to stablecoins. “The Stablecoin Summit in Asia is timely given the recent policy developments in Singapore, Japan, Hong Kong, and around the world,” said Yam Ki Chan, Vice President, Strategy and Policy for Circle. “As the issuer of USDC, one of the most trusted digital dollars, we are excited to participate in the event that brings together leaders from diverse sectors to reshape the global financial landscape.” “ADDX is at the intersection of traditional finance and blockchain technology and we are honored to share our take at this Summit on the potential benefits and challenges of tokenizing real-world assets on blockchain,” said Inmoo Hwang, Co-Founder and Chief Operating Officer, ADDX, a global private market exchange regulated by the Monetary Authority of Singapore. “We look forward to being a part of a cross-industry discussion that will take into account different regulatory environments and economic contexts.” As a premier knowledge-sharing and networking platform, Stablecoin Summit is proud to include association partners such as Blockchain Association Singapore and Taiwan Fintech Association, bringing life to ideas and discussions such as: Design & Use Cases of Stablecoins Cross-border payments Compliance & Regulation Tokenized T-Bills and other Real World Assets Real World Adoption Impact on Banking & other sectors Incentivising institutional adoption Global Outlook & Future Developments About the organizers: XREX is a blockchain-enabled financial institution working with banks, regulators and users to redefine banking together. XREX provides enterprise-grade banking services to small to medium-sized businesses (SMBs) in or dealing with emerging markets, and novice-friendly financial services to individuals worldwide. Unitas Foundation is the team behind Unitas Protocol, which defines a new stablecoin category — unitized stablecoins. These serve as units of account representing emerging market currencies. Unitas’ unitized stablecoins are over-reserved with exogenous USD stablecoins (e.g., USDT, USDC, Dai), thereby providing transaction ease and efficiency for people in emerging markets while secured by underlying USD stablecoin value. For press and media enquiries, please contact: Yoyo Yu Fred Lai [email protected] | Telegram: @CWYoyoyu [email protected] | Telegram: @efflai Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Ethereum (ETH) has shown a decline of over 3% in the last 24 hours. ETH is back in the bearish zone as its current price is trading below the 50 EMA. Ethereum (ETH), the second-largest cryptocurrency, has dropped below $1700 again, with a decline of over 3% in the last 24 hours. ETH has been oscillating between $1600 and $1700 for the past few weeks. However, it exceeded $1700 last week. Ethereum has traded around $1600 for the past few weeks. On August 29, ETH experienced a sudden price surge, surpassing $1700. ETH has traded above $1700 with an uptrend for a few days, reaching $1741. However, the price surge didn’t last for long. Ethereum has shown a downward trend again, resulting in a price drop below the $1700 mark. Ethereum (ETH) Back to Bearish Momentum At the time of writing, Ethereum has been trading at $1,649, with a decline of over 3.04% in the last 24 hours. However, the daily trading volume of ETH has experienced a surge of 45.67%, according to CoinMarketCap. Ethereum (ETH) Daily Trading Price Chart (Source: TradingView) The daily trading chart shows that Ethereum is back in the bearish zone as its current price is trading below the 50-day exponential moving average (50 EMA). Meanwhile, the daily relative strength index (RSI) is at 32.50, denoting the largest altcoin’s position on the border of the oversold zone. If the current trend reverses, ETH will experience a bullish rally to surpass the $1700 mark again. If the momentum continues, it will breach $1750 and even advance to surpass the $1800 level. On the other hand, there is a possibility that Ethereum will experience a further downtrend. If it occurs, the price will breach the nearest support level of $1600. In a worst-case scenario, the downtrend will potentially bring it below $1540. Do you think ETH will break the bearish momentum soon? Tweet to us at @The_NewsCrypto and let us know your thoughts.

Bullish TRX price prediction for 2023 is $0.08477 to $0.10367. TRON (TRX) price might reach $250 soon. Bearish TRX price prediction for 2023 is $0.05857. In this TRON (TRX) price prediction 2023, 2024-2030, we will analyze the price patterns of TRX by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION TRON (TRX) Current Market Status What is TRON (TRX)? TRON (TRX) 24H Technicals TRON (TRX) PRICE PREDICTION 2023 TRON (TRX) Support and Resistance Levels TRON (TRX) Price Prediction 2023 — RVOL, MA, and RSI TRON (TRX) Price Prediction 2023 — ADX, RVI Comparison of TRX with BTC, ETH TRON (TRX) PRICE PREDICTION 2024, 2025, 2026-2030 CONCLUSION FAQ TRON (TRX) Current Market Status Current Price $0.07718 24 – Hour Price Change 1.60% Up 24 – Hour Trading Volume $197,127,294 Market Cap $6,894,291,753 Circulating Supply 89,325,630,387 TRX All – Time High $0.3004 (On Jan 05, 2018) All – Time Low $0.001091 (On Sep 15, 2017) TRX Current Market Status (Source: CoinMarketCap) What is TRON (TRX) TICKER TRX BLOCKCHAIN TRON CATEGORY Blockchain based digital platform LAUNCHED ON September 2017 UTILITIES Governance, Fast Transactions, gas fees & rewards TRON (TRX) exists as the native crypto coin on the TRON blockchain. TRON was founded by Justin Sun and is managed by the TRON Foundation. Initially, TRX was launched as an ERC-20 token on the Ethereum blockchain in 2017. Later in 2018, TRX migrated onto its native blockchain. TRON blockchain runs based on the delegated proof-of-stake (DPoS) consensus mechanism. TRON (TRX) is utilized as a governance token on the blockchain granting voting rights. It is also deployed as credit card payments too. Even more, TRX continues to stay as a potential payment option for content creators. TRON 24H Technicals (Source: TradingView) TRON (TRX) Price Prediction 2023 TRON (TRX) ranks 10th on CoinMarketCap in terms of its market capitalization. The overview of the TRON price prediction for 2023 is explained below with a daily time frame. TRX/USDT Horizontal Channel Pattern (Source: TradingView) In the above chart, TRON (TRX) laid out a horizontal channel. A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contract points. This is because it needs at least two lows to connect, as well as two highs. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. The longer the horizontal channel, the stronger the exit movement will be. There is frequently a price on the channel after exit. the exit often occurs at the fourth contact point on one of the horizontal channel’s lines. At the time of analysis, the price of TRON (TRX) was recorded at $0.07718. If the pattern trend continues, then the price of TRX might reach the resistance levels of $0.08574 and $0.14926. If the trend reverses, then the price of TRX may fall to the support of $0.06526, and $0.04957. TRON (TRX) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of TRON (TRX) in 2023. TRX/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as resistance and support levels of TRON (TRX) for 2023. Resistance Level 1 $0.08477 Resistance Level 2 $0.10367 Support Level 1 $0.07182 Support Level 2 $0.05857 TRX Resistance & Support Levels TRON (TRX) Price Prediction 2023 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (TRX) are shown in the chart below. TRX/USDT RVOL, MA, RSI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the current TRON (TRX) market in 2023. INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $0.07839Price = $0.07682 (50MA>Price) Bearish/Downtrend Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 49.75 <30 = Oversold 50-70 = Neutral>70 = Overbought Nearly Oversold Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak volume TRON (TRX) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of TRON (TRX) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI). TRX/USDT ADX, RVI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the price momentum of TRON (TRX). INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 10.12554 Weak Trend Relative Volatility Index (RVI) Volatility over a specific period 68.31 <50 = Low >50 = High High volatility Comparison of TRX with BTC, ETH Let us now compare the price movements of TRON (TRX) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs TRX Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of TRX is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of TRX also increases or decreases respectively. TRON (TRX) Price Prediction 2024, 2025 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of TRON (TRX) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030. Year Bullish Price Bearish Price TRON (TRX) Price Prediction 2024 $0.52 $0.08 TRON (TRX) Price Prediction 2025 $0.64 $0.1 TRON (TRX) Price Prediction 2026 $0.76 $0.15 TRON (TRX) Price Prediction 2027 $0.88 $0.19 TRON (TRX) Price Prediction 2028 $0.90 $0.23 TRON (TRX) Price Prediction 2029 $1.02 $0.25 TRON (TRX) Price Prediction 2030 $1.14 $0.29 Conclusion If TRON (TRX) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish TRON (TRX) price prediction for 2023 is $0.10367. Comparatively, if unfavorable sentiment is triggered, the bearish TRON (TRX) price prediction for 2023 is $0.05857. If the market momentum and investors’ sentiment positively elevate, then TRON (TRX) might hit $0.5. Furthermore, with future upgrades and advancements in the TRON ecosystem, TRX might surpass its current all-time high (ATH) of $0.3004. and mark its new ATH. FAQ 1. What is TRON (TRX)? TRON (TRX) exists as the native crypto coin on the TRON blockchain. TRON was founded by Justin Sun and is managed by the TRON Foundation. 2. Where can you buy TRON (TRX)? Traders can trade TRON (TRX) on the following cryptocurrency exchanges such as Binance, KuCoin,Gate.io, LBank, FTX. 3. Will TRON (TRX) record a new ATH soon? With the ongoing developments and upgrades within the TRON platform, TRON (TRX) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of TRON (TRX)? TRON (TRX) hit its current all-time high (ATH) of $0.3004 on Jan 05, 2018. 5. What is the lowest price of TRON (TRX)? According to CoinMarketCap, TRX hit its all-time low (ATL) of $0.001091 On Sep 15, 2017. 6. Will TRON (TRX) hit $0.5? If TRON (TRX) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $0.5 soon. 7. What will be the TRON (TRX) price by 2024? TRON (TRX) price might reach $0.52 by 2024. 8. What will be the TRON (TRX) price by 2025? TRON (TRX) price might reach $0.64 by 2025. 9. What will be the TRON (TRX) price by 2026? TRON (TRX) price might reach $0.76 by 2026. 10. What will be the TRON (TRX) price by 2027? TRON (TRX) price might reach $0.88 by 2027. Top Crypto Predictions Polkadot (DOT) Price Prediction 2023, 2024, 2025-2030 Ethereum (ETH) Price Prediction 2023, 2024, 2025-2030 Binance Coin (BNB) Price Prediction 2023, 2024, 2025-2030 Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Choosing the right platform to capitalize on the high volatility of digital assets is a pivotal step toward a successful margin trading experience. Despite the saturated market with numerous competitive offers, it is crucial to thoroughly analyze the available options and consider your specific requirements before making a final decision. When selecting the optimal crypto margin platform to suit your individual requirements, it is crucial to take into account factors such as your geographical location, the nuances of your trading strategy, and the assets you prefer to trade. Today, we will shine a light on one option that might deserve your attention – MyBro. This platform offers a range of features that make it a worthy contender in the world of crypto margin trading. Please don’t hesitate to do your own research (DYOR) after reading this article and make your decision wisely. MyBro: Brief overview Pros One of the highest leverage on the market of up to x100 for crypto and x500 for certain Forex instruments Zero trading fees, no hidden commissions 80+ number of assets available, including commodities and stocks Cons Unavailable in the US and several European regions Fiat deposits are currently enabled only for India and Malaysia Available assets Although MyBro primarily positions itself as a margin trading platform with a strong emphasis on cryptocurrencies, it actually offers leverage trading with a variety of instruments such as cryptocurrencies, forex, stocks, and commodities, all through a user-friendly interface. As of the date of this review, MyBro boasts an extensive list of over 80 available assets, including 47 cryptocurrency trading pairs. Apart from such common and popular instruments as ETH/BTC, BTC/USD, and a few more, MyBro offers plenty of alternative options to fit the demand of almost every cryptocurrency margin trader. For example, the platform allows traders to short USDT, which may be of interest to those seeking how to short stablecoin. According to their website, the MyBro team is dedicated to continually expanding the range of instruments by adding promising assets to their platform. Trading terms and fees When it comes to trading fees, MyBro offers a 0% commission on all trading operations, allowing users to maximize their profits from successful trades. Instead, clients only need to pay a reasonable fixed fee when withdrawing funds. The final charge depends on the chosen cryptocurrency for the cash-out procedure. What’s also great about MyBro’s policies is the low deposit limits, set at just $5 for USDT, 0.01 ETH, and 0.0001 BTC respectively. The platform doesn’t charge any commission for these operations, meaning users won’t incur any costs unless they choose to withdraw funds. In addition to cryptocurrency deposits, clients from India and Malaysia can conveniently top up their margin trading accounts on MyBro using cards or bank transfers, which makes the entire process much smoother. Hopefully, this option will soon be available to MyBro clients from other regions as well. Maximum leverage Unlike many of its market competitors that offer only limited leverage flexibility, MyBro allows users to explore leverage of up to x100 for all available crypto trading pairs. For those interested in margin trades with fiat currencies (Forex), MyBro offers even more powerful leverage of up to x500. There’s no secret that the higher leverage you use, the higher the risk you take. However, more experienced traders would certainly appreciate having access to such a powerful financial tool. Other services and perks For those new to margin trading and taking their first steps towards developing their own successful strategy, MyBro can serve as both a safe haven and a sandbox. The platform provides a wide range of educational materials on trading basics in their Telegram channel, along with an opportunity to reinforce knowledge without risking real funds through a Demo account. If any issues arise, the multilingual customer support team is available 24/7 and can be reached via email or the live chat feature on the platform. One appealing aspect to consider is the diverse range of welcome bonuses available for registration and various activities, including a free $50 account top-up. Although it is a common method of attracting new clients for platforms alike, the terms and requirements offered by MyBro seem easy to get through. Is Mybro Legit? Although MyBro is not as well-known as platforms like Binance, PrimeXBT, and others, the company has been in the market since 2019. Currently, MyBro offers its services in over 200 countries worldwide, covering most regions except for the United States and certain European countries. After several years on air MyBro has an unmarked reputation, with no serious issues found among the crypto margin platform reviews and forums. The platform caters to both experienced and novice traders, offering a wide range of trading instruments, flexible leverage options, and a user-friendly interface. Those seeking a reliable solution for margin trades with cryptocurrencies, stocks, and Forex should definitely consider MyBro as an option.

ETF approvals and regulation define September’s crypto market outlook. Past bearish pressure met with resilience; global market cap at $1.05 trillion. As we find ourselves in the final month of Q4 this year, it’s crucial to reflect on the past months, marked by extreme volatility and a series of significant events. The year began by recovering from the FTX collapse, witnessed the Memecoin hype season in Q2, faced SEC regulatory challenges in Q3, and saw Ripple emerge victorious in its lawsuit against the SEC in Q4. Furthermore, the recent victory of GBTC against the SEC added another layer of intrigue to the crypto market’s rollercoaster ride. Despite enduring periods of extreme bearish pressure, cryptocurrencies have displayed resilience. Notably, BTC crossing the $31,000 mark and ETH surpassing $2,000 provided moments of celebration for the community. As the crypto journey hasn’t been smooth, the community, traders, and investors are now pondering its next direction. August ended with cryptocurrencies gaining ground against the bears, only to retrace back into the red on the charts. There’s no denying that the persistent bearish sentiment is a cause for concern. Currently, the global crypto market cap stands at $1.05 trillion, representing a 3.65% decrease in the last day. Over the past 24 hours, the total crypto market volume has reached $38.07 billion, marking a substantial 32.94% increase. DeFi’s total volume is $2.54 billion, accounting for 6.67% of the total crypto market 24-hour volume. Stablecoins make up a substantial portion of the market, with a total volume of $36.13 billion, representing 94.90% of the total crypto market 24-hour volume. Bitcoin vs Altcoin : Who Drives Investors in? Meanwhile, Bitcoin’s dominance currently sits at 48.35%, reflecting a 0.54% decrease over the day. Bitcoin, the leading coin by market capitalization, experienced a 4.66% decline, falling to its lowest price range of $25,752.93 to $27,456. Notably, BTC trading volume, which dropped by 53% yesterday, has rebounded by 40%. However, it currently faces selling pressure, with the RSI standing at 37. Analysts suggest that Bitcoin’s inability to maintain a steady decline significantly affects investor sentiment. In light of these developments, investor attention is shifting towards altcoins and stablecoins. Investor trust is bolstered by updates such as Tether‘s collaboration with the banking sector and altcoins like Ethereum transitioning to Proof of Stake (PoS). Additionally, initiatives like Chainlink’s Chainlink Community Improvement Proposal (CCIP) and Polygon’s imminent launch of Polygon 2.0 are capturing interest. What Is in For September Crypto Ride? Amidst these developments, September holds significant anticipation for a potential bull rally, with the approval decision day for Bitcoin and Ethereum ETFs drawing near. If approved, it could have a substantial impact on the crypto market. While Bloomberg analysts predict a 75% chance of approval, there remains some apprehension in the community due to past encounters with the SEC. Moreover, the release of the US Federal Reserve’s minutes from its July meeting is eagerly awaited. These minutes could offer insights into the central bank’s interest rate plans, which could significantly influence the cryptocurrency market. The outcome of the September meeting of the G20 finance ministers and central bank governors, where cryptocurrency regulation may be discussed. Additionally, any news events affecting the global economy, such as a stock market crash or a natural disaster. It could also negatively impact the cryptocurrency market. Finally, In the bear versus bull analysis for September, the crypto market’s fate hinges on ETF approvals, regulatory shifts, and global economic variables. Making it a month of anticipation and vigilance for stakeholders.

Tron price is rising and trading above $0.0750 against the US Dollar. TRX is outperforming Bitcoin and could rally further above the $0.0780 resistance. Tron is moving higher from the $0.0738 support zone against the US dollar. The price is trading above $0.0750 and the 100 simple moving average (4 hours). There is a crucial contracting triangle forming with resistance near $0.0775 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair could continue to climb higher if it breaks $0.0775 and $0.0780. Tron Price Remains Supported This past week, Tron’s price saw a rejection pattern near the $0.0780 resistance against the US Dollar. TRX made a couple of attempts to clear $0.0775 and $0.0780 but failed. There was a downside correction below the $0.0765 level. The price declined below the 23.6% Fib retracement level of the upward move from the $0.0713 swing low to the $0.0778 high. However, the bulls were active near the $0.0750 support. TRX stayed above the 50% Fib retracement level of the upward move from the $0.0713 swing low to the $0.0778 high. The price is now trading above $0.0750 and the 100 simple moving average (4 hours). It is showing positive signs and outperforming both Bitcoin and Ethereum. On the upside, an initial resistance is near the $0.0775 level. Besides, there is a crucial contracting triangle forming with resistance near $0.0775 on the 4-hour chart of the TRX/USD pair. Source: TRXUSD on TradingView.com The first major resistance is near $0.0780, above which the price could start a fresh increase. The next resistance is near $0.080. A close above the $0.0800 resistance might send TRX further higher. The next major resistance is near the $0.0832 level, above which the bulls are likely to aim a larger increase toward the key $0.0880 zone in the coming days. Are Dips Supported in TRX? If TRX price fails to clear the $0.0780 resistance, it could start a downside correction. Initial support on the downside is near the $0.0760 zone and the 100 SMA. The first major support is near the $0.0750 level, below which the price could accelerate lower. The next major support is $0.0715. Technical Indicators 4 hours MACD – The MACD for TRX/USD is gaining momentum in the bullish zone. 4 hours RSI (Relative Strength Index) – The RSI for TRX/USD is currently above the 50 level. Major Support Levels – $0.0760, $0.0750, and $0.0715. Major Resistance Levels – $0.0780, $0.0800, and $0.0832.

In a groundbreaking step towards revolutionizing digital ownership and creativity, we are excited to announce the launch of the OPX NFT marketplace. Built on the robust foundation of the XRP Ledger network, this revolutionary platform is designed to empower artists, builders, and creatives from all over the world, marking a significant milestone in the evolution of blockchain technology and the world of non-fungible tokens. The OPX NFT marketplace takes the experience a step further by utilizing the speed, scalability, low cost, and unmatched efficiency of the XRP Ledger to ensure that artists, enthusiasts builders, and supporters can engage in NFT transactions in a secure fashion with minimal environmental impact compared to the energy-intensive processes of many other blockchain networks. ” We believe that merging the power of the XRP Ledger with the burgeoning NFT space can truly revolutionize how we perceive ownership and creative expression. Our marketplace offers a glimpse into the future of digital art, where transactions are swift, transparent and low cost while built-in Protocol-Level Royalty Protections maximize creator value” – Mel Pint, Founder and CEO of OpulenceX Finance. Strength Of the community Despite going through a lot of ups and downs, the sheer determination and unity of the community together with the unmatched perseverance of OpulenceX CEO has proven to be an indisputable factor that has made the project rise up to new heights, regardless of the challenges and the market conditions. “ My father always taught me; ‘When they don’t give you a seat at the table, you create your own table. Challenges are meant to be embraced and obstacles are opportunities for growth.’ “ As a woman, leading and running a Web3 project, especially in the blockchain industry is very challenging, but if I give up, I’m not helping women pave the way for the future generation of artists, builders and creatives. This shared vision among us is why we are currently top 10 projects on the XRP Ledger in less than a year, as well as the top 5 for the NFT marketplace (by sales volume) within 7 days since OPX launch on the XRP Ledger (on Aug 20th, 2023). “Digital Transformation is here, I believe web3 is redefining the Internet and brands around the ideals of ownership and decentralization.“ – Mel Pint, Founder, and CEO of OpulenceX Finance. Key Features of the XRP-based NFT Marketplace: Swift Transactions The XRP ledger consensus algorithm enables swift transactions, low-cost and scalable ensuring a seamless buying and selling experience for users. One of the biggest challenges that most creators experience while trying to monetize their work is the issue of gas fees. By utilizing low transaction Costs on the XRP Ledger, OpulenceX’s NFT Marketplace removes this barrier to entry thus empowering more and more artists and creators. Built-In Royalties The inclusion of protocol-level royalty protection eliminates the need for manual tracking and ensures that creators receive a fair share of the proceeds every time their NFT changes hands. This innovation empowers artists to sustain their creative journey while incentivizing the growth of the NFT ecosystem. The value of Trust Contrary to the fact that many blockchain projects are undependable or have zero to no utility and longevity, OpulenceX’s team takes a stand by putting measures to avoid scams and rug pull. The team also puts a lot of effort into supporting and educating their community so that they are not duped by projects with malicious intent. The OpulenceX community is impressed by the amount of growth and support in the last few days. We are also excited to embark on this journey with a lot of surprises prepared in the upcoming days. For more information about the NFT Marketplace and about OpulenceX, feel free to contact: [email protected] Social media Telegram Discord Twitter Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Ethereum price failed to reclaim $1,750 and trimmed all gains against the US Dollar. ETH could accelerate lower if it breaks the $1,630 support. Ethereum started a fresh decline below the $1,700 level. The price is trading below $1,700 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $1,690 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its decline if there is a close below the $1,630 support. Ethereum Price Trimmed Gains Ethereum’s price failed to settle above the $1,700 level. ETH started a fresh decline and gained bearish momentum below the $1,700 level, like Bitcoin. There was a clear move below the $1,665 level and the price spiked below the $1,640 level. It tested the $1,630 support and is currently consolidating losses. Ether is now trading below $1,700 and the 100-hourly Simple Moving Average. Besides, there is a key bearish trend line forming with resistance near $1,690 on the hourly chart of ETH/USD. On the upside, the price might face resistance near the $1,660 level and the 23.6% Fib retracement level of the recent decline from the $1,747 swing high to the $1,630 low. The next resistance is near the $1,680 level. The main resistance is now forming near the trend line and $1,700. It is close to the 50% Fib retracement level of the recent decline from the $1,747 swing high to the $1,630 low. Source: ETHUSD on TradingView.com A close above the $1,700 level might send the price toward the $1,750 zone. If there is a clear move above $1,750, Ethereum could climb toward the $1,800 resistance. Any more gains might send the price toward the $1,850 resistance. More Losses in ETH? If Ethereum fails to clear the $1,700 resistance, it could continue to move down. Initial support on the downside is near the $1,640 level. The first key support is close to $1,630. The next major support is near the $1,600 level. If there is a downside break below $1,600, the price could extend its decline toward the $1,540 level. Any more losses might send the price toward the $1,480 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $1,630 Major Resistance Level – $1,700

Bitcoin price trimmed all gains and tested the $25,650 zone. BTC is now at risk of a fresh decline toward the $24,500 level in the near term. Bitcoin started a fresh decline below the $26,500 and $26,200 levels. The price is trading below $26,600 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance near $26,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend its decline toward $24,500 in the coming sessions. Bitcoin Price Starts Fresh Decline Bitcoin price failed to climb again above the $27,000 resistance zone. BTC started a fresh decline and gained bearish momentum below the $26,500 level. There was a clear move below the $26,200 level. The price even spiked below the $26,000 level. A low is formed near $25,663 and the price is now consolidating losses. Bitcoin is now trading below $26,600 and the 100 hourly Simple moving average. Besides, there is a key bearish trend line forming with resistance near $26,750 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $26,250 level. It is close to the 23.6% Fib retracement level of the recent decline from the $28,150 swing high to the $25,663 low. The first major resistance is near the $26,650 level or the trend line region. The trend line is also close to the 50% Fib retracement level of the recent decline from the $28,150 swing high to the $25,663 low. The main resistance is now forming near the $27,000 level. Source: BTCUSD on TradingView.com A clear move above the $27,000 level might send the price toward $27,400. The next major resistance is near $28,000, above which there could be a sustained increase. In the stated case, the price could test the $29,200 level. More Losses In BTC? If Bitcoin fails to clear the $26,750 resistance, it could continue to move down. Immediate support on the downside is near the $25,800 level. The next major support is near the $25,650 level. A downside break below the $25,650 level might put a lot of pressure on the bulls. In the stated case, the price could drop toward $24,500. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $25,800, followed by $25,650. Major Resistance Levels – $26,250, $26,750, and $27,000.

Base, an Ethereum layer 2 (L2) network developed by prominent cryptocurrency exchange Coinbase, has seen its total value locked (TVL) soar to new heights on Friday, August 31. This surge was triggered by the recent launch and growing hype around the decentralized exchange (DEX) platform Aerodrome. Total Value Locked on Base Reach $333 Million The total decentralized finance (DeFi) deposits on Base have hit a new all-time high following a nearly 76% spurt in the past 24 hours. According to data from DefiLlama, the network’s TVL currently stands at $346.39 million, jumping from $196.8 million a day ago. This sharp rise has seen Base leap into the top ten blockchains with the largest TVL, sitting above Solana in ninth position. However, Ethereum remains the dominant network in the decentralized finance space, with a total value of roughly $22.1 billion. Interestingly, this latest feat only underscores the overall progress of Base since opening its doors to the public on August 9, 2023. The Coinbase-incubated network’s TVL has swelled more than 733% since the public mainnet launch. One of the notable catalysts of the Base’s growth was the short-lived hype of the social media platform Friend.tech. However, activity on the decentralized app has since hit a snag, with trading fees dipping by more than 94%. Aerodrome Drives An Inflow Of $170 Million To Base As earlier mentioned, the latest resurgence in Base’s DeFi deposits was triggered by the growing interest in the Aerodrome protocol, which recently launched on the blockchain. Aerodrome is a decentralized exchange developed by the team behind Velodrome, a popular DEX on the Optimism chain. The platform rewards users who provide liquidity and participate in protocol governance with its native token, AERO. Thanks to the AERO emissions, which began on August 30, Aerodrome has attracted more than $170 million in value to the Base network. Meanwhile, this has reflected a significant 6,000% rise in the protocol’s TVL in the past 24 hours. Despite the initial negative sentiment brewing around Base due to the BALD rug pull, and various DeFi protocol exploits, it appears that major cryptocurrency projects are continuing to expand to the layer 2 network. PancakeSwap, the second-largest decentralized exchange, is one of the protocols to have recently joined the trend. The DeFi platform went live on the Base network on Thursday, 30th of August.

As the price of Bitcoin and the general crypto market has rallied, leading to a much-needed increase in price, Bitcoin Cash (BCH) investors are once again on a profitable path. The majority of investors are now in the green following its double-digit surge in the last week. But now the question posed is, will the price of BCH continue to maintain this surge? Bitcoin Cash Short And Long-Term Holders Enjoy Profits In a Thursday post, on-chain data tracking platform Santiment revealed that both short and long-term holders of Bitcoin Cash are doing quite well right now. The chart shared by the tracker showed that the average returns for 30-day and 365-day holders have risen above their average cost price. This means that investors who got into the digital asset in the last month, as well as those who have been holding for a year, are the ones doing well right now. It is also the first time in 10 weeks that this cohort of BCH investors is seeing profit. The data from Santiment is also backed up by that from another on-chain tracker IntoTheBlock. According to the latter’s data on its website, 59% of all BCH investors are seeing green compared to 38% sitting in the red and 3% in neutral territory. Furthermore, IntoTheBlock shows that 96% of holders have held for more than one year, with 3% holding between 1-12 months, and 1% holding for less than one month. Combining the data from both trackers tells us that there are more long-term investors in profit compared to short-term investors. This fact reinforces the long-standing belief that buying and holding is usually the best way to invest in cryptocurrencies. But Can BCH Hold Its Gains? The fact that so many short and long-term holders are currently in profit can be attributed to the digital asset’s spike in the last week. Following the Grayscale ruling that saw the market surge, BCH’s price rose over 14%, bringing its value to the $220 level before the retracement. Most of these gains have been sustained so far, as evidenced by the high percentage of holders in profit. However, Santiment points out in its report that for Bitcoin Cash to continue to rise, it would be up to the whales. This is because, during the price spike, there was an increase in whale activity in relation to the BCH token. So they likely played a part in the asset’s rise. If the whales continue to be active and put buying pressure on the coin, then the price of BCH could continue to appreciate. However, a turn from buy to sell among these large holders would quickly crash the price, especially since the market is already feeling the euphoria felt earlier this week start to recede. Presently, data from Coinmarketcap shows that Bitcoin Cash is trading at $219, a 14.57% increase in the last week.

Eric Balchunas remarked that they had upped the odds to 75% from an earlier 65%. Major financial giants have their “first deadline” judgment this week. After Grayscale’s recent success over the SEC, Bloomberg analysts have increased the likelihood of a permitted spot Bitcoin ETF by the end of this year. Due to the unanimous and decisive manner in which the U.S Court of Appeals Circuit reached its verdict in the current case, Bloomberg senior ETF analyst Eric Balchunas remarked on Twitter on August 30 that they had upped the odds to 75% from an earlier 65%. Balchunas stated: All Eyes on SEC As Bloomberg analysts James Seyffart and Elliot Stein pointed out in a separate note on August 30th, that the judges collectively rejected the arguments put forth by the SEC, thus the agency will have trouble justifying any further rejections in the face of impending deadlines. Seyffart chimed in on twitter with his own estimate that spot Bitcoin ETF approvals would be completed by 2024 end, with approval probabilities having increased to 95% at that point. Moreover, major financial giants have their “first deadline” judgment on Bitcoin spot ETF applications within the next five days. To this end, Balchunas has predicted that he “wouldn’t be surprised” if the SEC drags its feet on the future Bitcoin spot ETF applications. Highlighted Crypto News Today: BONE Inches Towards 200,000 Address Milestone Amid Shibarium Hype

Remote-First-Company/SAN DIEGO–(BUSINESS WIRE)–Coinbase Global, Inc. announced today that Brian Armstrong, Co-Founder and Chief Executive Officer, and Alesia Haas, Chief Financial Officer, will participate in a fireside chat at the Goldman Sachs Communacopia & Technology Conference on Thursday, September 7, 2023 at 12:25 p.m. PT / 3:25 p.m. ET. A live webcast and replay of the virtual session will be available on Coinbase’s Investor Relations website at https://investor.coinbase.com. Disclosure Information Coinbase uses the investor.coinbase.com and blog.coinbase.com websites, as well as press releases, public conference calls, public webcasts, our Twitter feed (@coinbase), our Facebook page, our LinkedIn page, our YouTube channel, and Brian Armstrong’s Twitter feed (@brian_armstrong) as means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD. About Coinbase Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. Coinbase started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader cryptoeconomy. Contacts Press: [email protected] Investor Relations: [email protected]

TORONTO–(BUSINESS WIRE)–$CBIT #Bitcoin–Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQB: CBTTF) (“Cathedra” or the “Company”), a diversified bitcoin mining company, is pleased to announce the results of its Annual General and Special Meeting of shareholders (“Shareholders”) held on August 31, 2023 (the “Meeting”). Shareholders elected all four management nominees to the board of directors of the Company for the ensuing year. As such, the Cathedra board of directors remains: Thomas (“Drew”) Armstrong (Chairman) Antonin (“AJ”) Scalia David Jacques Marcus Dent Shareholders also voted in favor of resolutions re-appointing the auditors of the Company and re-approving the long-term incentive plan (the “LTIP”) of the Company for the ensuing year. For more information, please refer to the Company’s management information circular, available on the Company’s SEDAR+ profile at www.sedarplus.com. About Cathedra Bitcoin Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQB: CBTTF) is a Bitcoin company that believes sound money and abundant energy are the keys to human flourishing. The Company has diversified bitcoin mining operations which produce 387 PH/s across four states and six locations in the United States. The Company is focused on managing and expanding its portfolio of hash rate through a diversified approach to site selection and operations, utilizing multiple energy sources across various jurisdictions. For more information about Cathedra, visit cathedra.com or follow Company news on Twitter at @CathedraBitcoin or on Telegram at @CathedraBitcoin. Cautionary Statement Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws that are based on expectations, estimates and projections as at the date of this news release. The information in this release about future plans and objectives of the Company, are forward-looking information. Other forward-looking information includes but is not limited to information concerning: the intentions and future actions of senior management, the intentions, plans and future actions of the Company, as well as the Company’s ability to successfully mine digital currency; revenue increasing as currently anticipated; the ability to profitably liquidate current and future digital currency inventory; volatility of network difficulty and, digital currency prices and the resulting significant negative impact on the Company’s operations; the construction and operation of expanded blockchain infrastructure as currently planned; and the regulatory environment of cryptocurrency in applicable jurisdictions. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. The Company has also assumed that no significant events occur outside of the Company’s normal course of business. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law. Contacts Media and Investor Relations Inquiries Sean Ty Chief Financial Officer [email protected]

In his recent interview, Mike McGlone, Bloomberg Intelligence’s Senior Commodity Strategist, predicted Bitcoin’s potential fall amid the ongoing market downturn. However, it wasn’t all gloom from the seasoned analyst, as he also touched upon the longer-term prospects of the flagship cryptocurrency. Will Bitcoin Touch $8,000? It is worth noting that Bitcoin has undergone a fair share of price fluctuations since its inception. In the interview, McGlone compared Bitcoin’s volatile nature to the days of the stock market. His predictions, grounded in his analytical observations, also prompted apprehension and agreement. Mike McGlone’s interview was rife with insights into the cryptocurrency market, but one statement stood out: his belief that Bitcoin could plunge to a low of $8,000 in the current bear market. McGlone emphasized that despite the potential for such a drastic drop. Bitcoin remains the world’s top-performing asset. McGlone stated that Bitcoin hasn’t exhibited deflationary characteristics like Treasury bills and gold. Instead, he pointed out that macroeconomic elements, particularly the Federal Reserve’s ongoing tightening policies, continue to have a pronounced effect on Bitcoin’s price. Institutional Influence: Not the Immediate Boost Many Anticipate? Another popular belief within the crypto community is that spot ETF approvals, and an influx of institutional investors would catapult Bitcoin’s price to new heights. McGlone, however, expressed skepticism regarding this sentiment. In his view, while a spot ETF approval may sway market sentiment, it might not substantially impact Bitcoin’s price trajectory. McGlone suggested that the earliest spot ETF might not see daylight until next year. On which spot ETF could potentially make the first move, McGlone’s bet is on BlackRock. Citing the institution’s commanding presence in the market and its reputation as the world’s leading asset manager, he believes BlackRock might lead the pack in the spot ETF space. McGlone maintained confidence in Bitcoin’s long-term bullish prospects despite these short-term projections. He reaffirmed his vision of the crypto giant eventually reaching a value of $200,000. Meanwhile, following the announcement of Grayscale’s legal victory against the US Securities Exchange and Commission (SEC), Bitcoin has retraced noticeably from its Tuesday peak of $27,974, dropping to $26,885 at the time of writing. Bitcoin’s daily trading volume has also dipped along with its price, dropping from last Thursday’s peak of $12 billion to $10 billion in the past 24 hours. Notably, Bitcoin’s market cap currently sits at $523 billion when writing. Featured image from Unsplash, Chart from TradingView