On September 16, Ethereum spot ETFs saw net outflows totaling $61.74 million, with only the Bitwise ETHW ETF posting gains. Meanwhile, Bitcoin spot ETFs experienced strong inflows of $292 million, marking seven consecutive days of investor interest. The contrasting flows highlight Bitcoin’s growing appeal as a stable investment, even as Ethereum faces short-term withdrawals. Investors …
The crypto market never fails to surprise, and this time it was JuCoin’s turn in the spotlight. The platform’s native token, JU, shocked traders when its price suddenly dropped from a high of $24 to $7 in just a few minutes. That’s a stunning 70% crash that has shaken investor confidence and wiped billions from …
Following an all-time high (ATH) reached last August, Ethereum (ETH), the market’s second-largest cryptocurrency, has found itself in a consolidation phase, trading between $4,200 and $4,700. This price range reflects a broader stagnation in the cryptocurrency market, as various digital assets, including Bitcoin (BTC), struggle to regain the momentum that led both BTC and ETH reach new records above $124,000 and $4,9000 respectively. Notably, Citigroup, the third-largest investment bank in the United States, has tempered expectations for the Ethereum price, forecasting a year-end price target of $4,300 for the altcoin. Citi Forecasts Moderate ETF Inflows Into Ethereum According to a report by Reuters, Citigroup’s analysis attributes the current demand for Ethereum to burgeoning interest in Ethereum-based applications, including stablecoins and tokenization. However, the bank cautions that the recent price strength may be more a reflection of market sentiment than underlying fundamentals. Related Reading: Analyst Raises Red Flags On Bitcoin Price: Allegations Of Market Manipulation In a note released on Monday, Citi remarked, “Current prices are above activity estimates, potentially driven by recent buying pressure and excitement over use-cases.” Ethereum’s appeal has grown among investors looking for more than just price appreciation. Analysts forecast increased price growth for the altcoin due to the recent passage of bills, including the GENIUS Act, which aims to provide a new framework for stablecoins, as well as the surge in interest in tokenization. Despite these developments, Citigroup predicts that the inflow of exchange-traded funds (ETFs) into Ethereum will be less robust compared to Bitcoin. In contrast, Standard Chartered has recently revised its year-end target for Ethereum significantly upward, from $4,000 to $7,500. Bearish And Bullish Scenarios For ETH This adjustment reflects stronger engagement within the industry and increasing corporate investments. The bank anticipates that the stablecoin sector could grow eightfold by 2028, which would likely drive up Ethereum network fees and demand. Citi also presented a more optimistic bull case, projecting a potential price of $6,400 if activity and adoption of Ethereum-based applications continue to rise. This would represent a major 42% uptrend ahead for the leading altcoin. Conversely, the bank outlined a bearish scenario in which the Ethereum price would drop to $2,200 in the event of a macroeconomic downturn or a decline in the equity market. If this scenario plays out, it could spell major trouble for bulls, as it would represent a 50% drop from current levels. Related Reading: Crucial Ten Days Ahead For Crypto: Will They Ignite Mega Altcoin Season? Interestingly, a recent report from Sygnum, a digital asset bank, has painted a more favorable outlook for Ethereum. The bank highlights Ethereum’s upgrades and increasing institutional interest as significant factors that could position ETH to benefit from anticipated trends in stablecoin issuance and broader adoption. Furthermore, the digital asset bank highlighted that as liquid Ethereum reserves on exchanges diminish and demand intensifies, the possibility of a supply squeeze arises, potentially sending the altcoin into a new leg up to retest all-time high levels. As of this writing, ETH is trading at $4,480, which is up 5% on the weekly time frame. Compared to record prices, the altcoin is trading nearly 10% below all-time high levels. Featured image from DALL-E, chart from TradingView.com
Court documents reveal that Ashita Mishra, an outsourced Coinbase support employee in India, stole customer data starting September 2024. She took photos of sensitive info like Social Security numbers and bank details, selling them to hackers for $200 each. These hackers then used the data to scam users out of their cryptocurrency. The breach affected …
On September 16, spot Ethereum ETFs saw a net outflow of $61.74 million, with only Bitwise ETHW posting inflows for the day. According to SoSoValue, Bitcoin ETFs recorded a total net inflow of above $290 million, marking the seventh consecutive day of inflows. Bitcoin ETF Breakdown Bitcoin spot ETFs saw a combined inflow of $292.27 …
The cryptocurrency market is holding steady as traders await the U.S. Federal Reserve’s highly anticipated interest rate decision. Bitcoin (BTC) is consolidating between $114,600 and $117,100, currently trading in the upper range. Analysts view this setup as constructive, with market sentiment at 68.8%, a level close to peak bullishness. According to Glassnode, Bitcoin is respecting …
Binance Coin has been on a remarkable run, as it has run to another fresh ATH of $962.29 just hours ago. The token has added 2.81% in gains since yesterday and is up 8.13% over the week, pushing its market cap to $132.35 billion. Successively, the trading volume also jumped 36.39% to $3.33 billion, showing …
Cathie Wood’s ARK Invest now holds nearly $130 million worth of Bullish shares across its ETFs after its latest multimillion-dollar acquisition on Tuesday.
The Ether Machine recently revealed raising 150,000 ETH for its corporate treasury, bringing its total holdings to 495,362 ETH.
Donald Trump’s latest Fed pick cited a “third mandate” for the bank to moderate long-term rates, potentially justifying yield curve control policies, which could boost Bitcoin.
On-chain analytics firm Glassnode has explained how the Bitcoin price trend remains constructive as long as the asset trades above the short-term holder cost basis. Bitcoin Is Still Maintaining Above Short-Term Holder Realized Price In a new post on X, Glassnode has discussed about the Realized Price of the Bitcoin short-term holders. The “Realized Price” here refers to an indicator that keeps track of the cost basis of the average investor or address on the BTC network. Related Reading: Bitcoin Bull Score Sees Sharp Jump, No Longer Signals Bear Phase When the value of the metric is greater than BTC’s spot price, it means the investors as a whole are sitting on some net unrealized profit. On the other hand, it being under the asset’s value implies the overall market is in a state of net loss. In the context of the current topic, the Realized Price of a specific segment of the userbase is of interest: the short-term holders (STHs). This cohort includes the investors who purchased their tokens within the past 155 days. Now, here is the chart shared by Glassnode that shows the trend in the Bitcoin Realized Price for the STHs over the last few years: As displayed in the above graph, Bitcoin retested the STH Realized Price at the start of the month and found support at it. Since then, the coin’s price has seen some recovery. This pattern of the STH Realized Price acting as a support barrier has actually been seen many times through this bull market. The reason behind the pattern may lie in investor psychology. Statistically, the longer an investor holds onto their coins, the less likely they become to sell them in the future. Since the STHs have a relatively low holding time, however, they don’t tend to be resolute, and thus, easily make panic moves when shifts occur in the market. The STHs can particularly be susceptible to panic when the cryptocurrency retests their break-even level. When the market mood is bullish, the reaction comes in the form of buying. This is because the STHs look at drawdowns to their cost basis as dip-buying opportunities. Similarly, STHs react to surges to their Realized Price by selling during bearish periods instead, fearing that the asset would decline again in the near future and send them back into a state of loss. Related Reading: Bitcoin Inflows In Last 1.5 Years Surpassed First 15 Years Combined: Data For now, Bitcoin is maintaining above the STH Realized Price. “As long as the price respects this level, the trend remains constructive,” notes the analytics firm. “Losing this support has coincided with phases of contraction or pullbacks.” BTC Price At the time of writing, Bitcoin is floating around $116,200, up almost 5% over the last seven days. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
The Federal Reserve's expected rate cut could lead to a significant DOGE rally relative to bitcoin, driven by a bullish inverse head-and-shoulders pattern.
The U.S. and the UK are preparing to work more closely on cryptocurrency regulations, a move that could reshape the future of global digital finance. According to the Financial Times, UK Chancellor Rachel Reeves and U.S. Treasury Secretary Scott Bessent discussed a joint framework for crypto rules during a high-level meeting in London. This signals …
A Denver pastor and his wife claimed prayer guided their crypto token, but a court found it had defrauded their church community.
There’s division among crypto analysts over how Bitcoin will react to the Fed’s decision on Wednesday, whether or not a rate cut is announced.
Newly unsealed court filings and state records reveal details about a massive data breach at Coinbase, one of the world’s largest cryptocurrency exchanges. The incident, traced to an employee of Coinbase’s customer service contractor TaskUs, exposed sensitive data of more than 69,000 customers and led to losses estimated as high as $400 million. Insider Breach …
Solana started a fresh increase above the $240 zone. SOL price is now consolidating gains below $240 and might aim for another increase if it stays above $230. SOL price started a fresh upward move above the $240 and $242 levels against the US Dollar. The price is now trading below $240 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $238 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if it dips below the $230 zone. Solana Price Consolidates Gains Solana price started a decent increase after it settled above the $220 zone, beating Bitcoin and Ethereum. SOL climbed above the $235 level to enter a short-term positive zone. The price even smashed the $242 resistance. The bulls were able to push the price above the $245 barrier. A high was formed at $250 and the price recently started a downside correction. There was a move below the 23.6% Fib retracement level of the upward wave from the $200 swing low to the $250 high. However, the bulls were active above $230. Solana is now trading below $240 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $238 level. Besides, there is a key bearish trend line forming with resistance at $238 on the hourly chart of the SOL/USD pair. The next major resistance is near the $242 level. The main resistance could be $250. A successful close above the $250 resistance zone could set the pace for another steady increase. The next key resistance is $262. Any more gains might send the price toward the $280 level. More Downside In SOL? If SOL fails to rise above the $238 resistance, it could start another decline. Initial support on the downside is near the $232 zone. The first major support is near the $229 level or the 50% Fib retracement level of the upward wave from the $200 swing low to the $250 high. A break below the $229 level might send the price toward the $220 support zone. If there is a close below the $220 support, the price could decline toward the $212 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $229 and $220. Major Resistance Levels – $238 and $250.
Circle Internet Financial (CRCL), the firm behind the USDC stablecoin, has announced a significant investment in Hyperliquid (HYPE), a layer-1 blockchain that has experienced high demand this year. Circle’s Strategic Move Into Hyperliquid As part of this initiative, Circle has launched Native USDC and Cross-Chain Transfer Protocol (CCTP V2) on HyperEVM, an Ethereum Virtual Machine (EVM) integrated into Hyperliquid’s layer-1 blockchain. This move is expected to streamline the adoption of USDC and enhance its utility. Plans also include enabling direct deposits and ensuring CCTP interoperability for Hyperliquid USDC on HyperCore, a platform that specializes in on-chain financial operations. Related Reading: Crucial Ten Days Ahead For Crypto: Will They Ignite Mega Altcoin Season? Circle’s announcement further revealed that it has become a direct stakeholder in Hyperliquid. The stablecoin issuer is also considering becoming a Hyperliquid validator, which would strengthen its position within the network. Hyperliquid also boasts nearly $6 billion in USDC, which is a little over 8% of Circle’s total USDC supply. These deposits would reportedly generate approximately $250 million in annual interest for partners such as Circle and Coinbase (COIN). Jeremy Allaire, Circle’s CEO stated on X (formerly Twitter): Don’t Believe the Hype. We are coming to the HYPE ecosystem in a big way. We intend to be a major player and contributor to the ecosystem. Happy to see others purchase new USD tickers and compete . Hyper fast native USDC with deep and nearly instant cross chain interoperability will be well received. HYPE Token Hits New All-Time High The blog post further asserted that the integration of Native USDC onto HyperEVM—and the upcoming support from HyperCore—promises to enhance the capital efficiency of transactions within the Hyperliquid ecosystem. This initiative is said to allow developers and users to transact seamlessly across the crypto economy, making it easier for fintech firms and other service providers to leverage USDC. Circle’s investment in Hyperliquid is just the beginning as the company plans to introduce incentive programs for builders working on HyperEVM, aiming to stimulate innovation and collaboration. The blog post concluded: We’ve simply been blown away by the growth and success of Hyperliquid over the last year, and as we’ve gotten to know Jeff and team, and many of the major emerging builders in the ecosystem, it’s very clear that this is something incredibly unique and special. Circle is here. We’re investing. We’re thrilled to be supporting this incredible community. Related Reading: Analyst Raises Red Flags On Bitcoin Price: Allegations Of Market Manipulation According to CoinGeko data, HYPE has surpassed a market capitalization of $14 billion, surging over 1,500% since its inception and debut on December 1, 2024. As of this writing, the price of Hyperliquid’s native token has retraced toward $53 after reaching a new all-time high of $57 last Friday. Circle’s stock, on the other hand, which recently debuted on the Nasdaq, is trading at $135 per share — a nearly 55% drop compared to its all-time high of over $298. However, relative to its IPO price of $64, the stock has gained 157%. Featured image from DALL-E, chart from TradingView.com
Shares in GD Culture fell 28% after the livestreaming company made a deal to swap tens of millions of its shares to acquire 7,500 Bitcoin from Pallas Capital.
This move underscores growing institutional confidence in Bitcoin, potentially influencing broader market adoption and regulatory perspectives.
The post BlackRock’s IBIT buys 1,810 Bitcoin worth $209.2M on Sept. 16 appeared first on Crypto Briefing.
Changpeng Zhao, known as CZ, has raised speculation about a possible return to Binance after changing his X profile. He removed the “ex-@binance” label and updated it back to “@binance.” The move has caught attention across the crypto industry and raised questions about his role in the company going forward. Background on His Exit CZ …
XRP price started a downside correction below the $3.050 resistance. The price is now recovering losses and faces hurdles near the $3.080 zone. XRP price is consolidating losses after declining below the $3.120 resistance. The price is now trading below $3.080 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $3.00 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if the price clears the $3.080 zone. XRP Price Attempts Recovery XRP price started a fresh decline below the $3.120 level, like Bitcoin and Ethereum. The price dipped below the $3.020 level to enter a short-term bearish zone. There was a move below the $3.00 pivot level and the 100-hourly Simple Moving Average. A low was formed at $2.957 and the price recently started a recovery wave. There was a move above the 23.6% Fib retracement level of the downward move from the $3.186 swing high to the $2.957 low. Besides, there was a break above a bearish trend line with resistance at $3.00 on the hourly chart of the XRP/USD pair. The price is now trading below $3.060 and the 100-hourly Simple Moving Average. If the bulls protect the $3.00 support, the price could attempt another increase. On the upside, the price might face resistance near the $3.060 level. The first major resistance is near the $3.080 level or the 50% Fib retracement level of the downward move from the $3.186 swing high to the $2.957 low. A clear move above the $3.080 resistance might send the price toward the $3.120 resistance. Any more gains might send the price toward the $3.180 resistance. The next major hurdle for the bulls might be near $3.250. Another Decline? If XRP fails to clear the $3.060 resistance zone, it could continue to move down. Initial support on the downside is near the $3.00 level. The next major support is near the $2.950 level. If there is a downside break and a close below the $2.950 level, the price might continue to decline toward $2.880. The next major support sits near the $2.840 zone, below which the price could gain bearish momentum. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $3.00 and $2.950. Major Resistance Levels – $3.080 and $3.120.
Although Ethereum (ETH) is still up approximately 80% over the past three months, the second-largest cryptocurrency by market cap appears to have lost its momentum lately, down 0.6% over the past month. Binance Ethereum Trading In Neutral Zone According to a CryptoQuant Quicktake post by contributor Arab Chain, Ethereum trading on Binance during September 2025 is witnessing a period of relative calm compared to other months. Notably, there has been a decline in the imbalance between ETH spot and perpetual volumes. Related Reading: Ethereum Staking Hits Record 36 Million ETH, Driving Structural Supply Shock Commenting on ETH’s recent price surge, which saw it jump from $2,127 on June 15 to around $4,500 at the time of writing, Arab Chain noted that this rally was not supported by strong momentum. Neither the spot market nor leveraged speculators contributed to the price appreciation. The CryptoQuant contributor brought attention to ETH’s Z-score, which has oscillated between 0.0 and -1.0 for most of September. Such a Z-score typically signifies the asset trading in a neutral zone, with a slight tilt toward the spot market. For the uninitiated, a Z-score measures how far a data point is from the mean, expressed in units of standard deviation. In trading, it’s used to identify whether a value – like volume or price – is unusually high or low compared to its historical average. In essence, ETH’s current Z-score means that perpetual contracts are slowly losing their dominance in trading volume. This could be due to multiple reasons, such as speculators exiting the market or due to increased dependence on real buy/sell orders from actual investors. The decline in perpetual trading volume is significant compared to the period between June and August. As a result, the appetite for leveraged speculation has dwindled too, a sign of growing caution in the market. Arab Chain added: Despite this decline, the spot market also showed limited strength, reflecting a general lack of investor engagement. Spot volume remained below the 500K–1M range, which is significantly lower than the peaks recorded in July and June. The analyst cautioned that although the lack of strong imbalances between the spot and perpetual markets may seem positive at first, it could also mean there is heightened uncertainty and stagnation pertaining to the direction of ETH’s price. Is ETH Preparing For A New Rally? Although ETH appears to be stuck in limbo due to its sluggish price action, some analysts are confident that the digital asset is likely to resume its bullish trajectory in the near term. For example, ETH reserves on exchanges continue to deplete at a rapid pace. Related Reading: Ethereum Outflows Drive Binance Supply Ratio Under 0.037, Signaling Bullish Setup Similarly, institutional demand for ETH continues to be strong, with some analysts forecasting ETH to climb to $6,800 by the end of 2025. At press time, ETH trades at $4,439, down 1.6% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
XRP’s supply on Coinbase has reportedly collapsed by almost 90% in recent months. On-chain data shows the exchange held close to 970 million XRP across 52 wallets in June. By mid-September, that figure dropped to about 99 million XRP spread across just six wallets. According to an expert, this sharp reduction signals a classic supply …
Investor focus on Fed decisions highlights the broader impact of monetary policy on non-yielding asset valuations and market dynamics.
The post Gold rally pauses as attention shifts to Federal Reserve decision appeared first on Crypto Briefing.
Zhao's potential return to Binance could influence regulatory negotiations and impact market dynamics, reflecting broader crypto industry trends.
The post Changpeng Zhao rumored to return to Binance following X profile change appeared first on Crypto Briefing.
Ethereum price started a fresh decline below $4,620. ETH is now trading below $4,620 and might extend losses if it stays below $4,585. Ethereum is now correcting gains below the $4,620 zone. The price is trading below $4,600 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $4,580 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it settles above $4,580 and $4,620. Ethereum Price Faces Hurdles Ethereum price started a fresh decline after it failed to stay above the $4,650 zone, like Bitcoin. ETH price corrected gains and dipped below the $4,600 support. There was a move below the 50% Fib retracement level of the upward move from the $4,268 swing low to the $4,765 high. The bears were able to push the price below $4,500 and the 100-hourly Simple Moving Average. Besides, there is a bearish trend line forming with resistance at $4,580 on the hourly chart of ETH/USD. Ethereum price is now trading below $4,560 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,550 level. The next key resistance is near the $4,580 level and the trend line. The first major resistance is near the $4,620 level. A clear move above the $4,620 resistance might send the price toward the $4,665 resistance. An upside break above the $4,665 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,720 resistance zone or even $4,740 in the near term. Another Decline In ETH? If Ethereum fails to clear the $4,580 resistance, it could start a fresh decline. Initial support on the downside is near the $4,480 level. The first major support sits near the $4,450 zone and the 61.8% Fib retracement level of the upward move from the $4,268 swing low to the $4,765 high. A clear move below the $4,450 support might push the price toward the $4,380 support. Any more losses might send the price toward the $4,320 region in the near term. The next key support sits at $4,250. 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 zone. Major Support Level – $4,450 Major Resistance Level – $4,580
CryptoQuant’s Bitcoin Bull Score Index has jumped from 20 to 50 in just four days, suggesting a swift shift out of bearish territory for the asset. Bitcoin Bull Score Index Is Back In Neutral Region In a new post on X, CryptoQuant head of research Julio Moreno has talked about the latest trend in the analytics firm’s Bull Score Index. This indicator basically tells us about which phase of the market Bitcoin is in right now. The index combines the data of several key on-chain metrics to determine its value. Some of these indicators include the Market Value to Realized Cap (MVRV) Ratio, keeping track of average investor profitability on the network, and the Stablecoin Liquidity, measuring the amount of capital stored in the form of fiat-tied tokens. Related Reading: Bitcoin Inflows In Last 1.5 Years Surpassed First 15 Years Combined: Data When the Bull Score Index has a value of 60 or higher, it means the majority of the underlying metrics are currently giving a bullish signal. On the other hand, the metric’s value being 40 or lower implies BTC is in a bear phase according to its indicators. Now, here is the chart shared by Moreno that shows the trend in the Bitcoin Bull Score Index over the past year: As is visible in the above graph, the Bitcoin Bull Score Index was sitting at a low of just 20 four days ago, but since then, its value has witnessed a sharp climb to the 50 level. This means that on-chain metrics are signaling neutral market conditions for the asset now. This shift comes just as the Federal Open Market Committee (FOMC) kicks off its two-day meeting on Tuesday. BTC price itself has taken to sideways movement ahead of it, indicating that the market is divided about the event’s outcome. Analytics firm Santiment has shared in an X post about how social media users are reacting to the meeting. In the chart, Santiment has attached the data of the “Positive/Negative Sentiment,” an indicator that compares the bullish and bearish posts related to Bitcoin that are appearing on the major social media platforms. This metric has surged recently and hit the 1.77 mark, suggesting that there are 1.77 positive comments being made for every negative comment related to the cryptocurrency. This is the most bullish that retail traders have been on social media in around 10 weeks. Related Reading: XRP Bearish Signal: Whales Offload $486 Million In Asset While some excitement can be normal, an excess of it isn’t usually a positive sign. As the analytics firm explains, “historically, markets move in the opposite direction of retail’s expectations.” BTC Price At the time of writing, Bitcoin is trading around $115,700, up more than 2.5% over the last week. Featured image from Dall-E, Santiment.net, CryptoQuant.com, chart from TradingView.com
Bitwise’s Matt Hougan says a more straightforward SEC listing process could lead to more crypto ETFs, but that doesn’t mean they’ll all attract money.
A bitcoin whale woke up and transferred 1,000 BTC, worth about $116.6 million, for the first time since January 2014.