Floki Inu (FLOKI), the popular meme-inspired cryptocurrency, surged nearly 30% in the past 24 hours, emerging as one of today’s top-performing tokens. The surge came after billionaire Elon Musk shared an AI-generated video of his Shiba Inu “Floki” sitting at a CEO desk, sparking the new excitement in the meme coin market. Elon Musk’s Post …
StarkWare CEO Eli Ben-Sasson said corporate blockchains will help with mainstream adoption, but long term, they will be abandoned if they try to retain control.
Bitcoin (BTC) started the week recovering 6% from Friday’s drop and attempting to reclaim a crucial area that could set the stage for a trend continuation. However, some analysts have advised caution as BTC’s next leg up could be delayed until December. Related Reading: XRP DEX Volumes Surge As Price Plunges: Smart Money Accumulating? Bitcoin To Move Sideways Until December? After the end-of-week market downturn, Bitcoin has bounced to the $110,000 level and is attempting to turn this area into support again. Notably, the flagship crypto has been trading within the $108,000-$120,000 price range since July. Last week, BTC recorded its second drop below the range lows, falling to the $103,500 mark on Friday. Over the weekend, the cryptocurrency’s price stabilized and reclaimed the $106,000-$108,000 area. Now, Bitcoin has recovered 6.2% from the recent lows and could potentially target higher levels in the short term. Analyst Crypto Kaleo pointed out that BTC’s multi-year ascending trendline has held as support despite the recent retest and overall sentiment turning bearish, suggesting that investors should “be more bullish.” Similarly, Sjuul from AltCryptoGems highlighted that despite the current market sentiment, which shows the Fear and Greed index remains at fear levels, the flagship crypto is “still perfectly holding that flipped resistance level,” around $108,000, and is holding it as support. “Not sure if this is the place to turn bearish. Support is support, until it is not,” the analyst affirmed. Altcoin Sherpa also shared a positive outlook, emphasizing that BTC’s chart doesn’t look “that bad when you zoom out,” as it remains in the same multi-month price range and could challenge the $114,000-$115,000 area. Nonetheless, the analyst cautioned that it may be “too early to really call any sort of bullish reversal,” forecasting that the cryptocurrency will likely see “a ton of chop over the next 6-8 weeks, and we range between 100k-115k and hopefully have a nice December.” $114,000-$116,000 Area Remains Key Rekt Capital stated that as long as the price holds the current levels, it could move to the $114,000 area for a key trend continuation across its range and potentially revisit the highs. To achieve this, the analyst explained that Bitcoin must reclaim its 21-week Exponential Moving Average (EMA) as support, which was lost after Sunday’s close below the $110,000 mark. The 21-week EMA has served as support during pullbacks since late Q2. He explained that the cycle has been one of downside deviations, with price weekly closing below key levels and positioning for a bearish retest before successfully reclaiming these levels as support and rallying higher. Based on this, “it’s not a given that price will reject from the 21-week EMA.” The analyst also shared an outlook for BTC’s range in the monthly timeframe, where it has been consolidating while upside wicking beyond the range high and downside wicking below the range low since July. Related Reading: Dogecoin Price Moves: Can It Repeat The 36,000% Rally ‘Anomaly’ From Last Cycle? “As part of this consolidation, there is a potential Lower High developing which isn’t yet solidified; the upcoming Monthly Close will inform more about whether that indeed will become a resistance,” he detailed Rekt Capital concluded that a monthly close above the Lower High would invalidate the potential setup, and a close above the range high resistance would position Bitcoin for a range breakout, “especially if a November post-breakout retest of $116k into new support takes place.” As of this writing, Bitcoin is trading at $110,850, a 2% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
British Columbia is moving to ban new crypto mining connections to protect its Hydro power grid. For years, analysts have argued this is the wrong approach.
Crypto traders can use ChatGPT to decode crypto headlines and generate actionable trade setups — fast, flexible and surprisingly accurate (subject to human verification).
One analyst told The Block that crypto prices may continue to exhibit similar volatility in the near term.
Solana started a fresh decline from the $208 zone. SOL price is now consolidating losses below $200 and might decline further below $182. SOL price started a fresh decline below $212 and $200 against the US Dollar. The price is now trading below $200 and the 100-hourly simple moving average. There was a break below a key rising channel with support at $188 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start another increase if the bulls defend $182 or $175. Solana Price Dips Again Solana price extended gains above $200 and $202, like Bitcoin and Ethereum. SOL even surpassed $210 before the bears appeared. A high was formed near $208 and the price dropped. There was a move below $200 and $182. A low was formed at $174, and the price recently attempted a minor recovery wave. It climbed above the 50% Fib retracement level of the downward move from the $208 swing high to the $174 low. However, the bears remained active below $195. They protected the 61.8% Fib retracement level of the downward move from the $208 swing high to the $174 low. SOL is again moving below $190. Besides, there was a break below a key rising channel with support at $188 on the hourly chart of the SOL/USD pair. Solana is now trading below $188 and the 100-hourly simple moving average. If there is a recovery wave, the price could face resistance near the $188 level. The next major resistance is near the $195 level. The main resistance could be $200. A successful close above the $200 resistance zone could set the pace for another steady increase. The next key resistance is $208. Any more gains might send the price toward the $215 level. Downside Continuation In SOL? If SOL fails to rise above the $195 resistance, it could continue to move down. Initial support on the downside is near the $182 zone. The first major support is near the $175 level. A break below the $175 level might send the price toward the $165 support zone. If there is a close below the $165 support, the price could decline toward the $150 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $182 and $175. Major Resistance Levels – $195 and $200.
Coinbase has paid $25 million for an NFT that compels the once popular crypto podcast UpOnly to restart. Bull market vibes anyone?
Coinbase wants AI safe harbors, blockchain analytics recognition, and zero-knowledge proof adoption to replace outdated compliance systems.
Crypto analyst Stern Drew has set the XRP community abuzz after breaking down what could be one of Ripple’s biggest moves yet, the Evernorth Project. Backed by Ripple and major investors, Evernorth is going public with plans to raise over $1 billion, aiming to build the world’s largest institutional XRP treasury. But what makes this …
Ripple co-founder Chris Larsen has stirred the crypto market after offloading 50 million XRP tokens, worth roughly $120 million, according to data from CryptoQuant. The sale, completed within just an hour, marks Larsen’s first major XRP transaction since July. Given his deep ties to Ripple’s ecosystem, the move quickly drew attention and raised questions about …
The global crypto market has turned red once again, with total market capitalization dropping by 2.63% to $3.65 trillion. Bitcoin is trading near $107,965, and Ethereum is holding around $3,856, both showing weak momentum. Altcoin strength has also faded, with the Altcoin Season Index at just 25 out of 100, meaning most gains remain concentrated …
Polygon’s Sandeep Nailwal slammed the Ethereum community for underappreciating Polygon’s role in the Ethereum ecosystem, prompting a response from Vitalik Buterin.
XRP price started a recovery wave above $2.40. The price is now facing resistance near $2.5350 and at risk of a fresh decline. XRP price is moving lower from the $2.5350 zone. The price is now trading above $2.40 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.420 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $2.5350 resistance. XRP Price Faces Resistance XRP price formed a base above $2.20 and started a recovery wave, like Bitcoin and Ethereum. The price surpassed the $2.350 and $2.40 resistance levels. The bulls were able to push the price above $2.50, and the 50% Fib retracement level of the downward move from the $2.647 swing high to the $2.190 low. However, the bears remained active near the $2.5350 level and prevented more gains. The price failed to clear the 76.4% Fib retracement level of the downward move from the $2.647 swing high to the $2.190 low. It is again moving below $2.50. The price is now trading above $2.40 and the 100-hourly Simple Moving Average. Besides, there is a connecting bullish trend line forming with support at $2.420 on the hourly chart of the XRP/USD pair. If there is a fresh upward move, the price might face resistance near the $2.480 level. The first major resistance is near the $2.50 level, above which the price could rise and test $2.5350. A clear move above the $2.5350 resistance might send the price toward the $2.580 resistance. Any more gains might send the price toward the $2.650 resistance. The next major hurdle for the bulls might be near $2.720. Another Drop? If XRP fails to clear the $2.50 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.420 level. The next major support is near the $2.40 level. If there is a downside break and a close below the $2.40 level, the price might continue to decline toward $2.350. The next major support sits near the $2.320 zone, below which the price could continue lower toward $2.250. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.420 and $2.40. Major Resistance Levels – $2.50 and $2.5350.
The Bitcoin price showed some signs of recovery at the start of the week, trading above the $110,000 mark. This uptick follows two consecutive Fridays of major drops, igniting fears and uncertainty among investors. These concerns have been compounded by predictions from experts about a potential bear market on the horizon. Looming Bear Market Threat Market analyst Doctor Profit, known for his accurate forecasts regarding the recent Bitcoin price trajectory, has recently cast doubt on whether market makers will allow both retail and institutional investors to exit at more favorable prices after incurring losses. Related Reading: Dogecoin Price Moves: Can It Repeat The 36,000% Rally ‘Anomaly’ From Last Cycle? In a social media post on X (previously Twitter), he suggested that the maximum bullish scenario for the Bitcoin price in the near-term could reach around $116,500, representing a 9% increase from its current levels. However, he emphasizes that a drop below $101,700 would breach what he terms the “magic bull market line,” effectively confirming a bear market. Profit advises caution, predicting a significant move that could push the Bitcoin price below this critical threshold, signaling the end of the bull run. Adding to the bearish sentiment, the Bitcoin price is currently hovering below the short-term holder realized price of $112,500. This figure represents the average entry point for short-term traders and buyers, many of whom are now facing losses. On-chain data compiled by the expert also indicates that these traders are likely to sell off their positions if the Bitcoin price dips between 5% and 10%, potentially intensifying short-term selling pressure. Challenging Times Ahead For Bitcoin Price Profit further elaborates on the market conditions, pointing out that current price movements are indicative of market makers liquidating both bullish and bearish positions. “Nothing goes down in a straight line,” he notes, suggesting that while the market could be in a bear market, it is essential to remain aware of short-term fluctuations. He argues that high-leverage traders must be wiped out on both sides before the market experiences its next significant downward movement. Related Reading: Is The Dogecoin Bull Run Over? Analyst Sees Echoes Of 2021 The expert also warns that every brief rally is designed to mislead bullish traders and liquidate late bearish positions. The market makers’ strategy appears to involve pushing Bitcoin toward the $116,500 region to eliminate late bears and generate sufficient liquidity for another downward price adjustment, potentially leading to new local lows. Looking ahead, Doctor Profit predicts that such price movements will continue to recur in the coming weeks and months, creating a challenging environment for investors in the volatile digital asset market. Featured image from DALL-E, chart from TradingView.com
As the U.S. government shutdown stretches beyond 20 days, concerns are growing that it could temporarily slow down the approval process for new crypto ETFs, including the highly anticipated XRP exchange-traded fund (ETF). Zach Pandl, Head of Research at Grayscale Investments, said that while certain government functions remain open, ETF and ETP product reviews are …
Slerf's refund completion highlights accountability and resilience, setting a precedent for community-driven recoveries in the crypto space.
The post Slerf completes refunds for $10M burned presale meme coins from March 2024 appeared first on Crypto Briefing.
Ethereum price started a recovery wave above $3,950. ETH failed to clear $4,050 and recently started a fresh decline below $4,000. Ethereum started a fresh recovery above $3,880 and $3,980. The price is trading below $3,950 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $3,960 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below $3,840. Ethereum Price Fails Again Ethereum price started a decent recovery wave above the $3,800 resistance, like Bitcoin. ETH price surpassed the $3,880 and $3,980 levels to enter a short-term positive zone. The price even cleared the 50% Fib retracement level of the downward move from the $4,292 swing high to the $3,677 low. However, the bears remained active near the $4,080 resistance zone and prevented an upside continuation. The price failed to settle above the 61.8% Fib retracement level of the downward move from the $4,292 swing high to the $3,677 low. There was a fresh decline below $4,000. Besides, there was a break below a bullish trend line with support at $3,960 on the hourly chart of ETH/USD. Ethereum price is now trading below $3,960 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $3,980 level. The next key resistance is near the $4,050 level. The first major resistance is near the $4,080 level. A clear move above the $4,080 resistance might send the price toward the $4,120 resistance. An upside break above the $4,120 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,220 resistance zone or even $4,250 in the near term. Downside Break In ETH? If Ethereum fails to clear the $3,980 resistance, it could start a fresh decline. Initial support on the downside is near the $3,860 level. The first major support sits near the $3,840 zone. A clear move below the $3,840 support might push the price toward the $3,820 support. Any more losses might send the price toward the $3,680 region in the near term. The next key support sits at $3,620. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,840 Major Resistance Level – $4,050
Bitcoin price is attempting to recover above $108,000 and $108,500. BTC tested $111,800 and is currently trimming recent gains. Bitcoin started a fresh recovery wave above the $108,000 resistance level. The price is trading above $108,000 and the 100 hourly Simple moving average. There is a bullish trend line with support at $108,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it trades above the $110,500 zone. Bitcoin Price Trims Some Gains Bitcoin price started a recovery wave above the $105,500 resistance. BTC was able to surpass the $107,500 and $108,500 resistance levels. The bulls pushed the price above $110,500. There was a clear move above the 50% Fib retracement level of the recent decline from the $115,975 swing high to the $103,582 low. However, the bulls struggled to keep the price above the $111,500 level. The price is slowly moving lower from the 61.8% Fib retracement level of the recent decline from the $115,975 swing high to the $103,582 low. Besides, there is a bullish trend line with support at $108,800 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $109,000 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $110,500 level. The first key resistance is near the $111,200 level. The next resistance could be $111,500. A close above the $111,500 resistance might send the price further higher. In the stated case, the price could rise and test the $112,500 resistance. Any more gains might send the price toward the $113,200 level. The next barrier for the bulls could be $115,000. Another Drop In BTC? If Bitcoin fails to rise above the $110,000 resistance zone, it could start a fresh decline. Immediate support is near the $108,800 level and the trend line. The first major support is near the $108,000 level. The next support is now near the $107,550 zone. Any more losses might send the price toward the $106,500 support in the near term. The main support sits at $105,500, below which BTC might struggle to recover in the short term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $108,800, followed by $108,000. Major Resistance Levels – $110,500 and $111,500.
Coinbase urges US Treasury to fight crypto crime with blockchain analytics, AI and APIs —and to create safe-harbors so firms can deploy them to modernize AML.
Centralized governance in Ethereum may hinder decentralization goals, risking protocol capture and diminishing developer engagement and innovation.
The post Ethereum core dev criticizes Vitalik Buterin’s influence, cites centralization appeared first on Crypto Briefing.
After the massive crash on October 10 – which saw Bitcoin (BTC) touch $102,000 before recovering some losses – some analysts now predict that the top cryptocurrency may be on the verge of another bullish rally as it enters the ‘disbelief phase.’ Bitcoin In Disbelief Phase – Trouble For Bears? According to a CryptoQuant Quicktake post by contributor Darkfost, Bitcoin appears to be entering the disbelief phase, which increases the possibility of a rebound to the upside. The contributor emphasized the slightly negative funding rate to support their analysis. Related Reading: Bitcoin Cycle Score Turns Negative With Trend Below $106,780 – When Will The Correction End? For the uninitiated, the Bitcoin disbelief phase occurs when a new uptrend begins, but most investors remain skeptical after a recent correction, doubting that the recovery is real. During this phase, lingering bearish sentiment and short positions often act as fuel for a stronger rally once confidence returns. Darkfost stated that investors’ skepticism toward BTC returning to bullish mode can be gauged through BTC funding rates in the derivatives market. Funding rates remained negative at -0.004% on the exchange for six out of seven days over the past week, indicating traders are still slightly bearish. The likely reason behind traders’ short bias is the October 10 crypto market crash that led to a liquidation worth $19 billion. Since then, traders have consistently chosen to short the market instead of getting trapped in another price pullback. However, the longer BTC remains in the disbelief phase, the stronger the potential for an explosive upside move becomes. Darkfost added: If the current uptrend continues to establish itself, the growing pile of short positions against it could become a powerful fuel for the next leg higher. As these shorts get liquidated, it would drive prices upward, triggering a short squeeze. If a short squeeze happens, then BTC could quickly rally to major liquidity zones around $113,000 level, and even as high as $126,000 region, where significant short orders liquidations are clustered. The analyst shared two previous instance where such a pattern played out. In September 2024, BTC fell to $54,000 before surging to a new all-time high beyond $100,000. Similarly, in April 2025, the flagship digital asset rallied from $85,000 to $111,000, before climbing even higher to $123,000. To conclude, the Bitcoin market may be on the verge of another short squeeze, fueled by investors’ skepticism. BTC Investors Need To Be Cautious Although BTC is giving hints of a looming short squeeze, investors should still exercise some caution before entering the market in hopes of an instant turnaround in sentiment. For example, Bitcoin activity recently slumped below its 365-day average, raising fears of a loss of momentum. Related Reading: Bitcoin Market Feels “Too Efficient” As Arbitrage Opportunities Vanish – What It Means For Price? That said, some crypto analysts forecast that BTC is likely done with the price correction and is set to surge in the coming days. At press time, BTC trades at $110,814, up 2.8% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Analyst Willy Woo warned the next crypto bear market could be driven by a business cycle downturn, last seen in 2008, before Bitcoin was invented.
White House adviser Kevin Hassett says the US government shutdown will likely end this week, which could restart crypto regulatory progress.
SunPerp's fee waiver could increase platform engagement, potentially attracting more liquidity and enhancing its competitive edge in the crypto market.
The post SunPerp waives maker fees through Nov. 3 to boost trading activity appeared first on Crypto Briefing.
The Canadian province said it intends to allocate enough electricity to job-producing sectors such as mining, natural gas and LNG.
On-chain data shows the Ethereum MVRV Ratio has just given a signal that last took the cryptocurrency’s price from $3,300 to $1,400. Ethereum MVRV Ratio Has Formed A Death Cross In a new post on X, analyst Ali Martinez has talked about a signal that has appeared for Ethereum in the Market Value to Realized Value (MVRV) Ratio. This on-chain indicator measures the ratio between the ETH Market Cap and Realized Cap. Related Reading: Bitcoin Crashes To $105,000, Sentiment Sinks Into Extreme Fear The Realized Cap here is a capitalization model for the cryptocurrency that calculates its total value by assuming the ‘real’ value of each token in circulation is equal to the price at which it was last transacted on the blockchain. Since the last transaction of any token is likely to represent the last time it changed hands, the price at its time would denote its current cost basis. As such, the Realized Cap is a measure of the total cost basis of the ETH circulating supply. In other words, the model represents the amount of capital the investors as a whole have put into the asset. The Market Cap, on the other hand, signifies the value that the investors are carrying in the present. Thus, its comparison with the Realized Cap in the MVRV Ratio tells us about the profit-loss situation of the holders. When the value of the indicator is greater than 1, it means the investors are holding more value than they put in. On the other hand, it being under the cutoff suggests the overall market is underwater. Now, here is the chart shared by Martinez that shows the trend in the Ethereum MVRV Ratio and its 160-day moving average (MA) over the past year: As displayed in the above graph, the Ethereum MVRV Ratio has witnessed a decline recently as ETH’s price has gone down, implying holder profitability has been dropping. With the latest drawdown, the indicator’s daily value has plunged below the 160-day MA. In the chart, Martinez has highlighted the previous instances of this crossover taking place. It would appear that the MVRV Ratio’s fall under this line in February led into a significant decrease in the ETH price from $3,300 to $1,400, a swing of almost 60%. Other instances of the crossover, however, didn’t mean much for Ethereum. It should be noted, though, that in these instances, including the one from earlier in the month, the metric was swift to recover back above the line, essentially canceling out the death cross. Related Reading: Next Dogecoin Stop Could Be $0.33 If This Level Holds, Analyst Says It now remains to be seen whether the latest break below the line is going to be a sustainable one like in February, or if it will be another quick dip. ETH Price At the time of writing, Ethereum is floating around $4,000, down 2% over the last week. Featured image from Dall-E, Glassnode.com, chart from TradingView
Dogecoin Foundation’s commercial arm has acquired a majority stake in US Triestina 1918 in a push for broader DOGE adoption, starting with sports.
The Ethereum network was built to democratize a finance platform where anyone, anywhere, could deploy code and create value. With no centralized oversight, ETH has become a stage where builders and grifters coexist, each leveraging the same tools of decentralization to vastly different ends. Can Ethereum Evolve Beyond Its Culture Of Exploitation? Ethereum has always been more than just a cryptocurrency. It’s a programmable, open finance framework that allows anyone to build and exploit ETH. According to AdrianoFeria’s post on X, this openness has enabled innovation and also allowed countless grifters to accumulate vast amounts of ETH by selling low-quality tokens and NFTs to retail investors. Related Reading: Ethereum Has A Fundamental Problem, Warns Cyberpunk Nick Szabo The mechanism of extraction was simple yet profound, so that retail investors, ironically seeking to gain more ETH exposure through higher beta plays, ended up parting with the very asset they sought to accumulate. These grifters effectively extracted ETH that might have otherwise remained in the hands of long-term holders. However, one of the earliest and most glaring examples was EOS. At its peak, it held about 7.2 million ETH, which is roughly 6% of the total supply, marking the largest single treasury in existence. A subsequent wave of Initial Coin Offering (ICO) and NFTs is believed to have extracted more ETH from the hands of long-term retail holders. This continuous speculative excess transferred wealth, creating selling pressure that ultimately slowed down ETH’s long-term appreciation. Furthermore, Adriano Feria asserts that ETH has finally moved beyond that phase and will be reflected in price action (PA) with steadier growth and much stronger relative strength during market corrections. Institutions are actively embracing ETH, and even hardcore BTC maximalists have been forced to acknowledge ETH’s technological strengths and the undeniable institutional traction it has attracted. These expectations are for a boring supercycle, and with crypto commentators (CT folks) still trying to call the top. Still, this very stability and institutional foundation is precisely what the ETH supercycle is meant to look like. Why Ethereum Legacy Belongs To Everyone A digital artist, ArtvisionNFT, from Ukraine, who specializes in NFTs, has revealed that in the fast-moving world of blockchain, history is at risk of being forgotten. As a result, the Covalent_HQ Ethereum Wayback Machine (EWM) was built to ensure the full history remains intact and accessible to everyone, anywhere, to access the verified blockchain data. Related Reading: Ethereum On-Chain Bloodbath: Rugs And Scams Erode Retail Confidence, What To Know However, EWM acts as a digital time capture, collecting, verifying, and storing old block using a decentralized system. Those process ensures that developers can use EWM to audit smart contracts, build analytics, and trace blockchain activity. EWM protects the transparency, accountability, and innovation in the broader Web3 ecosystem. At its core, Covalent_HQ’s mission is to make sure ETH’s story is never lost. Featured image from Getty Images, chart from Tradingview.com
Japan’s banks plan a ¥1 trillion stablecoin, Singapore’s rules are maturing, and China tightens control as Asia’s strategies diverge.