Bitcoin price extended losses after it traded below $114,000. BTC is now consolidating losses and might decline further to test the $110,500 support zone. Bitcoin started a fresh decline below the $114,000 zone. The price is trading below $114,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $113,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $114,000 zone. Bitcoin Price Starts Consolidation Bitcoin price failed to stay above the $115,500 zone and started a fresh decline. BTC declined below the $115,000 and $114,000 support levels to enter a short-term bearish zone. The decline gained pace below the $113,500 level. A low was formed at $111,557 and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $117,920 swing high to the $111,557 low. Bitcoin is now trading below $113,200 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $113,600 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $113,000 level. The first key resistance is near the $113,500 level and the trend line. The next resistance could be $114,000. A close above the $114,000 resistance might send the price further higher. In the stated case, the price could rise and test the $114,750 resistance level or the 50% Fib retracement level of the recent decline from the $117,920 swing high to the $111,557 low. Any more gains might send the price toward the $115,500 level. The next barrier for the bulls could be $116,250. Another Decline In BTC? If Bitcoin fails to rise above the $114,000 resistance zone, it could start a fresh decline. Immediate support is near the $112,000 level. The first major support is near the $111,750 level. The next support is now near the $110,500 zone. Any more losses might send the price toward the $108,800 support in the near term. The main support sits at $107,500, below which BTC might gain bearish momentum. 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 – $112,000, followed by $111,750. Major Resistance Levels – $113,600 and $114,000.
The unexpected post sparked questions about inmate communications as the FTX estate sues for $1.1 billion and prepares a $1.6 billion payout.
Solana (SOL) has entered a crucial zone as the price tightens near the $200 support level. The recent pullback in crypto markets, which pushed Bitcoin below $112,000, has also put pressure on Solana. Despite the bearish sentiment, bulls remain active around this key support. Related Reading: XRP Price Chatter Heats Up After Developer’s $4 Hint – Details Trading volumes have surged past $12 billion within 24 hours, indicating strong participation from both buyers and sellers. Analysts point out that a drop below $200 could trigger liquidity-driven volatility, but any decline might also serve as a springboard toward $250 in the near term. The daily chart shows SOL consolidating within an ascending channel, with RSI cooling to neutral territory. If the midline support around $210 holds, a retest of $250 remains a possibility. SOL's price trends lower on the daily chart. Source: SOLUSD chart on Tradingview Institutional Confidence and Treasury Growth While short-term volatility weighs on the Solana price, institutional adoption continues to strengthen its long-term outlook. Roughly 590,000 SOL, worth over $120 million, has been added to portfolios in the past month. Corporate staking commitments now exceed 8.27 million SOL, equating to more than $1.7 billion. This growing treasury activity is no accident. With staking yields averaging 7%–8%, Solana offers businesses a more lucrative reserve strategy than Bitcoin, which provides no yield, and Ethereum, which averages around 3%–4%. Nasdaq-listed firms like DeFi Development Corp. and Fragmetric Labs have even launched Solana-focused treasuries in South Korea, further strengthening the network’s appeal as a corporate asset. Adoption Beyond Solana Price Action Adoption cycles are increasingly positioning Solana as a competitor to Bitcoin and Ethereum. Payment giants like Stripe and PayPal are integrating Solana into their systems, reflecting confidence in its speed and low-cost efficiency. Forward Industries has taken a further step, announcing plans to tokenize its public equity directly on Solana’s blockchain, a move that signals the merging of traditional finance with decentralized technology. Despite lacking an exchange-traded fund (ETF), Solana’s fundamentals suggest strong upside potential. Analysts believe that if SOL closes above $250, the token could target $300 before year-end. With institutional portfolios still holding less than 1% of Solana’s supply, the room for growth remains significant. Related Reading: Bitcoin Price Could Still Crash To $99,000 If This Happens, Warns Ostium Labs For now, all eyes are on whether Solana can defend the $200 support. A short-term dip may be inevitable, but with adoption accelerating and treasuries expanding, the long-term narrative suggests that Solana’s challenge to Bitcoin is only beginning. Cover image from ChatGPT, SOLUSD chart from Tradingview
ARK Invest's move suggests growing confidence in Chinese tech, potentially boosting investor sentiment despite geopolitical tensions.
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The sale highlights potential investor confidence shifts amid NVIDIA's dominant market position and the ongoing AI industry expansion.
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US Commodity Futures Trading Commission acting chair Caroline Pham said her agency is looking to allow derivatives traders to post stablecoins and tokenized assets as collateral.
OranjeBTC's acquisition highlights the increasing trend of corporate Bitcoin adoption as firms seek to hedge against inflation and diversify assets.
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Ian Calderon, a former California lawmaker and Bitcoiner, started his campaign for California governor as a long shot among several established candidates.
As Bitcoin (BTC) continues to trade in the low $110,000 range, on-chain data shows that a fresh wave of demand has entered the market. Notably, the Net Position Change (NPC) of the youngest cohort of BTC holders has re-entered positive territory, raising hopes for the cryptocurrency to gain bullish momentum. Bitcoin NPC Back In Positive Territory According to a CryptoQuant Quicktake post by contributor Crazzyblockk, the NPC of Bitcoin holders who have held the digital asset for less than one month has decisively flipped into positive territory. This change shows that new demand is flowing into the market at an accelerated rate. Related Reading: Bitcoin Exchange Supply Ratio Declines After Fed Cut, Setting Stage For $120,000 Test Crazzyblockk highlighted that the 30-day change in supply held by wallets younger than one month has surged, hitting as high as +73,702 BTC on September 23. The following chart confirms the uptick following a period of negative action. It is worth emphasizing that the influx of fresh capital into the Bitcoin market is beneficial in helping to absorb the supply being sold by long-term holders (LTH). Typically, LTH refers to holders who have held BTC for more than six months. Currently, these LTH are selling their BTC at a rate of approximately -145,000 BTC, indicative of a typical bull market where early investors realize profits. The analyst added that the fact that selling pressure is being met with strong demand from new entrants is a sign of the rally’s sustainability. The CryptoQuant contributor added that the accumulation is not limited to the newest cohort. Besides the less than one-month cohort, short-term holders (STH) – investors who have held BTC for less than six months – are also accumulating. The STH NPC has changed to +159,098 BTC, cementing the robust demand for the top cryptocurrency by market cap across a spectrum of investors based on their time in the market. Crazzyblockk added: The current dynamic – where profit-taking from long-term investors is being absorbed by a new and enthusiastic wave of buyers – is a classic characteristic of a strengthening bull market. The positive flip in the youngest holder cohort is a leading indicator of broadening market participation and suggests a strong conviction among new investors. This robust demand structure is highly supportive of continued price appreciation in the near to medium term. Some Areas Of Concern For BTC While the demand for BTC from young cohorts is encouraging, some concerns still linger about the digital asset’s near-term price action. For instance, BTC exchange inflows remain elevated, raising fears of greater selling pressure. Related Reading: Bitcoin Miners Shift Strategy: Accumulation Over Selling Signals Stronger Bull Cycle Similarly, recent on-chain data shows that BTC’s current rally is primarily being led by retail investors. Bitcoin whales – wallets with significant BTC holdings – are noticeably absent from the current rally. That said, the digital asset’s fundamentals continue to strengthen as the Bitcoin network activity recently reached a new 2025 peak. At press time, BTC trades at $112,804, down 0.2% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Tether's ambitious valuation pursuit highlights the growing influence and critical role of stablecoins in global financial ecosystems.
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Following a period of intense volatility and a significant price movement, Bitcoin’s market is now experiencing a predictable consolidation phase, characterized by what traders call intraday chop. This is not a sign of weakness but rather a natural and often necessary stage in any market cycle. A Necessary Foundation For The Next Move In an X post, a dedicated crypto enthusiast, Uniswap Gems, provided a clear-eyed view of Bitcoin’s current price action, stating that the market is in a predictable phase of intraday chop after a period of extreme volatility. Related Reading: Countdown To ‘Bitcoin Bottom Day’: Why September 21 Could Change Everything Uniswap Gems noted that the recent huge, volatile move caught many traders off guard. As a result, the market is now in a period of consolidation. This chop is a sideways price movement within a tight range, which is often needed to establish a solid bottom after a sharp price swing. He cautions that this phase could last for the next 2 to 3 days, making it a difficult environment for those looking for quick directional trades. For a bullish trend to resume, BTC needs to flip $113,000 into a support level. If this happens, it could set the stage for a retest of the $115,000 range. However, if BTC fails to hold its current levels and makes new local lows, Uniswap Gems expects a more significant drop all the way down to sub $105,000, which would be a decisive move to the downside. Analyst Philakone, a crypto investor and day trader, has issued a stark reminder about the inherent volatility of BTC and historical price action in bear markets. His analysis focuses on the severe drawdowns that have consistently followed previous all-time highs. According to Philakone, BTC price has a historical tendency to drop between 75% to 85% from its peak during a bear market. This is a crucial point that he believes many people struggle to grasp, especially after a prolonged bull run. However, if BTC’s all-time high for the current cycle reaches $125,000, a 75% drop would bring the price down to a mere $30,000. Market Still Fragile Despite Heavy Liquidations Crypto trader known as KillaXBT has adopted a highly cautious stance on the BTC market. For the first time in a while, the expert is fading this BTC dip despite a massive liquidation event of 1.5 billion. His decision is based on a technical analysis of a key market indicator of the USDT dominance chart. Related Reading: Bitcoin Price Retreats Lower Again – Is This Just a Healthy Dip? KillaXBT explains that the USDT.D (Tether Dominance) chart is showing concerning signals. If it breaks above its Equal Highs (EQHs), it could lead to a bigger drop in price. Due to this analysis, he has decided not to open any position in the market and is not looking for either long or short trades. Featured image from Pixabay, chart from Tradingview.com
Bitcoin entered the third week of September under selling pressure that tested investor resilience but fell short of sparking the sort of capitulation that has defined earlier drawdowns in 2025. From Sept. 17 through Sept. 22, the market absorbed a $3,759 decline in spot price, accompanied by a marked increase in the percentage of coins […]
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Bitcoin (BTC) adoption is growing among countries, with 32 nations actively pursuing exposure through legislation, representing roughly one in six nations worldwide, according to a Bitcoin Policy Institute report published Sept. 22. The study documents a rapid acceleration in government adoption following President Donald Trump’s election and subsequent executive order establishing a US Strategic Bitcoin […]
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Tether would potentially join the ranks of OpenAI and SpaceX, which received similar valuations.
Despite the recent market bloodbath, Avalanche (AVAX) continues to attract both institutional and retail interest, gaining 17% in the 24-hour charts and trading near $35.50 after a series of sharp rallies. Related Reading: Bitcoin Short-Term Holders Capitulate: 30K BTC In Realized Losses Over 24 Hours The token’s recent surge has been driven by whale demand, a $550 million treasury initiative, and increasing momentum in real-world asset tokenization. Analysts now suggest that AVAX could test the $50 mark if current trends persist. AVAX's price trends to the upside on the daily chart. Source: AVAXUSD on Tradingview Institutional Bets and Treasury Flows The most significant catalyst came from AgriFORCE Growing Systems’ rebrand to AVAX One, making it the first Nasdaq-listed entity centered on Avalanche. The company aims to raise $550 million through a mix of PIPE financing and equity-linked products, with the goal of accumulating more than $700 million worth of AVAX tokens. Supported by Hivemind Capital and more than 50 institutions, including Galaxy Digital and Kraken, the move establishes Avalanche as a major player in institutional-grade blockchain adoption. SkyBridge Capital founder Anthony Scaramucci has also joined as an advisor, highlighting growing Wall Street confidence in Avalanche’s role in the asset tokenization revolution. Technical Outlook: AVAX Bulls Defend Key Levels From a technical perspective, AVAX has broken through key resistance levels while remaining stable above its $32–$34 support zone. The token moves within an ascending channel, supported by the 20-day EMA at $30.43, with all major moving averages signaling bullish momentum. The RSI hovers around 71, suggesting slightly overbought conditions, but momentum indicators remain strong. Analysts identify $37 as the next key resistance level. A breakout could unlock higher targets at $40 and eventually $47–$50, aligning with liquidity maps that mark this zone as a major supply area. Tokenization Momentum and On-Chain Data Avalanche’s bullish case is further supported by its growing ecosystem. On-chain flows indicate net inflows of $3.26 million on September 23, signaling renewed accumulation. Futures open interest has also increased to nearly $1.8 billion, highlighting strong leveraged demand. Meanwhile, Avalanche’s growing role in tokenization, already tested by global players like Apollo and JPMorgan, provides a fundamental tailwind. With ETF filings underway and AVAX One’s treasury build-up reducing circulating supply, the long-term trajectory appears robust. Related Reading: Expert Says No ‘Magic Switch’ For XRP Price, Here’s What Can Drive Price Above $2,500 If AVAX clears the $37–$40 resistance zone, momentum could accelerate toward $47–$50 in the coming weeks. While short-term pullbacks remain possible, institutional inflows and tokenization demand continue to favor the bulls. Cover image from ChatGPT, AVAXUSD chart from Tradingview
Tether is pursuing talks with investors to raise between $15 billion and $20 billion for approximately 3% of its equity through a private placement, Bloomberg News reported on Sept. 23. The deal could position the crypto firm among the world’s most valuable private companies, with a valuation of around $500 billion. This would place it […]
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Tether, the issuer of the world’s largest stablecoin by market capitalization and trading volume, USDT, is reportedly seeking to raise between $15 billion and $20 billion through a private placement, potentially elevating the company’s valuation to around $500 billion. As recent reports highlighted on Tuesday, this ambitious financial maneuver could position Tether alongside some of the most prominent private enterprises, including OpenAI, which was valued at $300 billion during its recent fundraising round. Tether Explores Fundraising Options The transaction would reportedly involve offering new equity rather than existing shareholders selling their stakes. Sources familiar with the situation told Bloomberg that discussions are still in the preliminary stages, meaning the specifics of the deal, including the total amount raised, could evolve over time. Related Reading: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump? Despite facing scrutiny in the past, including accusations of being a preferred currency among criminals, Tether is now focusing on expanding its presence in the US market. In recent months, the company has taken significant steps to enhance its operations in the United States, particularly in light of a more favorable regulatory environment under President Donald Trump’s pro-crypto policies. New US Division And Stablecoin Earlier this month, Bitcoinist reported that the stablecoin issuer appointed President Trump’s former White House crypto advisor, Bo Hines, as CEO for its US division and launched a new dollar-pegged cryptocurrency designed for businesses and institutions, called “USAT.” Related Reading: Why Aren’t Institutions Adopting XRP ‘Massively’? Pundit Answers This new token adheres to the regulations set out in the GENIUS Act — the country’s first stablecoin bill signed by President Trump — thereby further solidifying Tether’s commitment to compliance and growth in the American market. As Tether’s CEO, Paolo Ardoino, stated: For over a decade, Tether – as the creator of the stablecoin industry – has issued USDT, the backbone of the digital economy, and today the US dollar stablecoin for hundreds of millions of underserved people living in emerging markets, proving that digital assets can deliver trust, resilience, and freedom on a global scale. Featured image from DALL-E, chart from TradingView.com
Binance founder Changpeng “CZ” Zhao has dismissed as false a Financial Times report claiming that his family office, YZi Labs, was considering raising capital from external investors. Zhao said in a social media post that the firm, valued at about $10 billion, remains a private vehicle for his wealth and has no plans to open […]
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Tether, the leading stablecoin issuer, is reportedly seeking to raise more funds from the public. The top-tier web3 company is reportedly seeking to raise between $15 billion and $20 billion on a total valuation of around $500 billion, according to people familiar with the matter. Tether is ostensibly seeking to sell 3% of its stake …
Archetype has closed a $100M+ fund backed by institutional investors, aiming to support onchain infrastructure, stablecoins and real-world assets.
The lawsuit alleged that former FTX CEO Sam Bankman-Fried directed investments in shares of a crypto mining company in Kazakhstan — funds the exchange’s trust now wants returned.
On-chain analytics firm Glassnode has revealed where a Bitcoin level historically seen as a key battleground between bulls and bears currently lies. Bitcoin Short-Term Holder Cost Basis Is Situated At $111,400 Right Now In a new post on X, Glassnode has talked about the Bitcoin Realized Price of the short-term holders. The “Realized Price” is an on-chain indicator that measures, in short, the average cost basis or acquisition level of the average investor on the BTC network. Related Reading: Bitcoin Fear & Greed Index Signals ‘Fear’ As Price Falls To $112,000 When the spot price of the cryptocurrency is trading above this metric, it means the holders as a whole are sitting on some net unrealized profit. On the other hand, being under the indicator implies the overall market is underwater. In the context of the current topic, the Realized Price of a specific part of the blockchain is of interest: the short-term holders (STHs). This cohort includes the investors who purchased their coins within the past 155 days. Now, here is the chart shared by the analytics firm that shows the trend in the Bitcoin STH Realized Price over the last few years: As displayed in the above graph, the Bitcoin STH Realized Price is currently sitting at $111,400, which means that the cryptocurrency’s spot price is trading quite near it. As such, if the asset’s latest bearish momentum continues, a retest of the level could happen. Historically, BTC has had some notable interactions with the metric, with it rotating roles as both support and resistance. The explanation behind this trend lies in the fact that STHs include the most reactive investors in the market. If the mood in the sector is bullish, these traders participate in buying on retests of their cost basis, believing the decline to be just a “dip.” Similarly, they sell at their break-even mark when the sentiment is bearish, fearing that they will drop into losses again. When one of these patterns doesn’t hold for the indicator, it can be a sign that the market structure is shifting. In other words, which side of the line BTC is trading could have an impact on its trajectory. “The short-term holder cost basis is often treated as the key battle line between bulls & bears,” notes Glassnode. Related Reading: Bitcoin Falls Below $113,000, But This Indicator Says It’s Time To Buy Given the relevance that the STH Realized Price has had in the past, a retest for Bitcoin, if one happens, could be worth watching. “Sustained trading below this level could signal a shift toward a mid- to long-term bearish market structure,” explains the analytics firm. BTC Price Bitcoin has been unable to make any recovery since Monday’s plunge as its price is still floating around the $112,800 mark. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
Tokenization platform Securitize is looking to integrate with the XRP Ledger (XRPL), a step that could bring BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) directly onto the blockchain network, according to a Sept. 23 statement. This impending move signals a deepening link between institutional finance and blockchain infrastructure, while also expanding XRPL’s presence in the […]
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The Commodity Futures Trading Commission (CFTC) has announced a new initiative focused on the mainstream adoption of stablecoins and blockchain technology. The acting CFTC chair Caroline Pham announced that the agency will unveil a new initiative to enhance the use of tokenized collaterals, led by stablecoins, in derivatives. According to the announcement, the new CFTC …
The acting chairman of the U.S. derivatives regulator, Caroline Pham, has been pushing an aggressive "crypto sprint" to open the markets to crypto.
The collapsed exchange alleges that ex-FTX CEO Bankman-Fried invested in the Bitcoin miner with commingled funds.
A rotation to Aster, US macroeconomic concerns and broad crypto market sell-off take a toll on SOL price. Will TradFi accumulation keep Solana price above $200?
Tether is reportedly eyeing up to a $500 billion valuation, which would rank the stablecoin issuer among the world’s most valuable companies.
Commodity Futures Trading Commission (CFTC) Acting Chairman Caroline Pham announced on Sept. 23 that the agency will launch an initiative to enable tokenized collateral in derivatives markets, including stablecoins. The announcement builds on the CFTC’s February 2025 Crypto CEO Forum and forms part of the agency’s crypto sprint, implementing recommendations from President Donald Trump’s Working […]
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XRP’s burn mechanism, which is a long-term supply control feature of the network, is now facing serious questions after daily burns are now at almost zero. Particularly, on-chain metrics from CryptoQuant show that the once-active burn activity that removed thousands of coins per day from circulation has virtually disappeared in recent weeks. This collapse in burns is notable, as it shows how much XRP burns are contributing to the cryptocurrency’s overall token dynamics. Burn Activity Falls Off A Cliff XRP burns have dropped significantly in the past few months, and burn activity has been virtually nonexistent in August and September. This drop in burns is visualized in a detailed chart from CryptoQuant, which tracks the historical progression of XRP burn activity and the changes that have taken place since the beginning of the year. Related Reading: Market Expert Says Sell All Your XRP Once This Happens Back in December 2024, burns briefly surged to more than 15,000 coin in a single day during a period of high network activity. That momentum carried into the early months of 2025, when burn levels stabilized at a moderate but steady pace, ranging from 2,500 to 7,500 XRP per day. By late August, however, activity had collapsed to historic lows, sliding below 1,000 tokens daily and remaining at those depressed levels throughout September. Current figures show only 400 to 750 XRP being burned each day, an amount that is almost insignificant when compared to the token’s massive supply of more than 60 billion. XRP’s burn mechanism is unlike that of popular crypto burns like Shiba Inu. Instead of large periodic burns, it has a constant, small-scale burn mechanism. Each time a transaction is processed on the XRP Ledger, a small fee (set at a minimum of 0.00001 XRP) is permanently destroyed. This mechanism means that every transfer contributes to reducing supply, but the effect is only meaningful when transaction volumes are consistently high. The huge decline in XRP burns, therefore, reflects not only the burn slowdown but also lower levels of transactions on the XRP Ledger itself, at least compared to Q4 2024. In effect, the burn statistics are serving as a mirror of current on-chain activity. XRP Successfully Defends $2.8 Interestingly, XRP’s price action in the past months has not mirrored the collapse in burns. In contrast, the XRP price has managed notable rallies, with it breaking to a new all-time high of $3.65 in July. Related Reading: $480 Million In 2 Weeks? XRP Whale Movements Could Reveal The Next Price Direction At the time of writing, however, the altcoin has retraced by over 20% from that all-time high. Particularly, recent price action in the most recent seven days saw the altcoin break below $3 again after rejecting an earlier rally between $3.18 and $3.15. However, it seems XRP bulls stepped in around support at $2.8 to prevent further declines. At the time of writing, XRP is trading at $2.88, having staged a 2.2% rebound in the past 24 hours. Featured image from Getty Images, chart from Tradingview.com