Coinglass data showed that $1.09 billion in positions were liquidated over the past four hours as of 3:00 a.m. ET Monday.
The crypto market faced one of its sharpest downturns in months, with over $1.7 billion in crypto liquidations within 24 hours. Ethereum, Ripple (XRP), and Solana each plunged around 8%, while Bitcoin briefly fell into double-digit losses. Data shows that futures traders using high leverage were forced into rapid liquidations, sparking a chain reaction across …
The UAE is seeking industry input on new tax reporting rules to meet market needs as it continues to build out its region as a crypto hub.
MetaMask's mUSD saw its circulating supply rise to 65.6 million as of early Monday morning, up from about 15 million a week earlier.
Crypto markets are starting the week on a bearish note, with Bitcoin, Ethereum, and major altcoins under pressure despite the U.S. Federal Reserve’s 25 basis-point rate cut. Bitcoin Price Today Falls to $114K Despite Fed’s Move Bitcoin price today dropped sharply to $114,000 after the Fed announced a quarter-point rate cut. While traders initially expected …
The cryptocurrency market is ailing under pressure today, with the market cap dropping 1.95% to $3.96 trillion. Trading volume stands at $135.69 billion, reflecting reduced participation compared to recent sessions. Bitcoin dominance has edged higher to 57.6%, while Ethereum holds 13.1%. The Altcoin Season Index stands at 67/100, indicating a partial rotation into BTC. Sentiment …
The crypto market took a hard hit on Monday, losing 4% in value and billions in market cap. XRP holders faced more pain as the token slipped below $3, dropping over 4% in just 24 hours. Once the third-largest crypto, XRP has now fallen to fourth place with a market cap of $168.32 billion. The …
BTC/USD longs on Bitfinex frequently move inversely to bitcoin’s price action.
The Dogecoin price has since retraced after its run to $0.3 as sell-offs had grown stronger over the last week. There is also the fact that the Fed had cut interest rates by a quarter of a point last week, but because it was already priced into the market, there was barely any reaction to it. As such, the Dogecoin price stalled and continued to follow the established downtrend. But as the meme coin ushers in a new week, there is the possibility of a recovery and even a rally from here. The Current State Of Dogecoin Crypto analyst MadWhale outlined some notable developments surrounding the Dogecoin price and what could trigger the next wave of price action. Besides the Fed rate cuts not doing anything for the crypto market, there is also the expectation of multiple altcoin ETFs that could trigger the next rally. Related Reading: XRP Needs To Defend $2.98 Support To Avoid Deeper Correction – Details Recently, excitement around a possible Dogecoin ETF going live for trading has been on the rise after experts had projected a possible acceptance by the SEC last week. The decision was ultimately postponed by the regulator, but this has done nothing to dampen the excitement. The REX-Osprey Dogecoin ETF (DOJE) is still expected to go live sometime this month if the SEC gives its blessing, and the analyst explains that this could be what drives another rally. In fact, there have been expectations that the Dogecoin price could rise by up to 75%, and others have predicted that the price could double. In addition to the ETF excitement, the fact that Dogecoin whales are making their way back into the arena is exciting. With around $266 million worth of DOGE bought and withdrawn from exchanges, exchange liquidity has declined, pushing the supply down to help boost demand and trigger a possible price increase. Why The Dogecoin Price Could Surge Besides the bullish developments surrounding the Dogecoin price with the ETF filings and whale buying, there is also the technical side that points to bullishness. This is because the Dogecoin price is currently sitting close to a critical Fibonacci level. If the Dogecoin price continues to maintain both its daily support and weekly trendline above $0.24, then the analyst expects an 18% increase in price, to push it toward $0.315. Related Reading: BlackRock Leads Spot ETH ETF Inflows With Over $500M, Ethereum Possibly On Track To $5,000 Other bullish developments include the Grayscale filing with the SEC to convert its Dogecoin Trust into a full-blown ETF. The filing lists Coinbase as custodian, sticking to an established pattern with Grayscale’s crypto ETFs, and could be a rival to the highly anticipated REX-Osprey Dogecoin ETF. Featured image from Dall.E, chart from TradingView.com
Dogecoin started a fresh decline below the $0.2650 zone against the US Dollar. DOGE is now consolidating and might dip further below $0.2450. DOGE price started a fresh decline below the $0.2620 level. The price is trading below the $0.260 level and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $0.2550 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh upward move if it stays above the $0.2450 zone. Dogecoin Price Dips Again Dogecoin price started a fresh decline after there was a close below $0.2720, like Bitcoin and Ethereum. DOGE declined below the $0.2620 and $0.2550 support levels. The price even traded below $0.250. A low was formed at $0.2451 and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $0.2887 swing high to the $0.2451 low. Besides, there is a bearish trend line forming with resistance at $0.2550 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading below the $0.250 level and the 100-hourly simple moving average. If there is a recovery wave, immediate resistance on the upside is near the $0.2520 level. The first major resistance for the bulls could be near the $0.2550 level. The next major resistance is near the $0.2720 level. It is close to the 61.8% Fib retracement level of the recent decline from the $0.2887 swing high to the $0.2451 low. A close above the $0.2720 resistance might send the price toward the $0.280 resistance. Any more gains might send the price toward the $0.2880 level. The next major stop for the bulls might be $0.30. Another Drop In DOGE? If DOGE’s price fails to climb above the $0.2550 level, it could continue to move down. Initial support on the downside is near the $0.2450 level. The next major support is near the $0.2320 level. The main support sits at $0.2250. If there is a downside break below the $0.2250 support, the price could decline further. In the stated case, the price might slide toward the $0.2120 level or even $0.2050 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.2450 and $0.2320. Major Resistance Levels – $0.2550 and $0.2720.
OKX founder and CEO Star Xu cited the CFTC enforcement action against Deridex in September 2023 as a concern, but didn’t specify if it was why OKX paused its launch.
Kaia and LINE NEXT plan to launch the beta version of the 'Project Unify' super-app later this year on LINE's Dapp Portal.
Metaplanet has expanded its Bitcoin stash with a fresh purchase of 5,419 BTC worth $632.5 million. This latest move brings the company’s total Bitcoin holdings to 25,555 BTC, valued at more than $2.7 billion. The growing investment highlights Metaplanet’s strong confidence in Bitcoin’s long-term potential as a reserve asset. With each major buy, Metaplanet is …
Bitcoin dropped to 12-day lows on Monday despite analysts hyping ‘Uptober’ rally potential, though not all are confident that next month will be up only.
Midnight trading saw a collapse from $0.26 to $0.25 on record 2.15 billion volume, dwarfing the 24-hour average of 344.8 million.
XRP price started a fresh decline below the $3.00 zone. The price is now showing bearish signs and might decline further below the $2.880 zone. XRP price is moving lower below the $3.00 support zone. The price is now trading below $2.950 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2.980 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it dips below $2.880. XRP Price Dips Below Support XRP price failed to extend gains above $3.20 and started a fresh decline, like Bitcoin and Ethereum. The price dipped below the $3.050 and $3.020 support levels. The bears even pushed the price below $3.00. A low was formed near the $2.880 support, and the price is now consolidating losses well below the 23.6% Fib retracement level of the recent decline from the $3.138 swing high to the $2.880 low. The price is now trading below $3.00 and the 100-hourly Simple Moving Average. Besides, there is a bearish trend line forming with resistance at $2.980 on the hourly chart of the XRP/USD pair. If the bulls protect the $2.880 support, the price could attempt another increase. On the upside, the price might face resistance near the $2.950 level. The first major resistance is near the $3.00 level and the trend line. A clear move above the $3.00 resistance might send the price toward the $3.080 resistance or the 76.4% Fib retracement level of the recent decline from the $3.138 swing high to the $2.880 low. Any more gains might send the price toward the $3.120 resistance. The next major hurdle for the bulls might be near $3.150. More Downside? If XRP fails to clear the $3.00 resistance zone, it could continue to move down. Initial support on the downside is near the $2.880 level. The next major support is near the $2.80 level. If there is a downside break and a close below the $2.80 level, the price might continue to decline toward $2.740. The next major support sits near the $2.650 zone, below which the price could gain bearish momentum. 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 – $2.880 and $2.80. Major Resistance Levels – $2.950 and $3.00.
The lion’s share of donations has come from trading fees for a newly launched memecoin called $GIGGLE, launched by an X user known as RUNE.
BitMEX co-founder Arthur Hayes sold his entire HYPE stash, netting over $800,000 in profit. The move comes just weeks after his wildly bullish 126x prediction.
The token hovered near $3.00 for most of the day before a midnight crash erased support, plunging 2% on a record 261.22 million volume spike.
Impending Federal Reserve speeches and the upcoming PCE report could add to market volatility.
Impending Federal Reserve speeches and the upcoming PCE report could add to market volatility.
Ethereum price started a fresh decline below $4,550. ETH is now consolidating and might decline further if it breaks the $4,250 support zone. Ethereum failed to extend gains and declined below the $4,550 zone. The price is trading below $4,450 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $4,450 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it settles above $4,400 and $4,450. Ethereum Price Dips Sharply Ethereum price failed to continue higher above the $4,650 zone and started a fresh decline, like Bitcoin. ETH price declined below the $4,600 and $4,550 support levels. The bears even pushed the price below $4,420. A low was formed at $4,264 and the price is now consolidating losses and is well below the 23.6% Fib retracement level of the downward wave from the $4,637 swing high to the $4,264 low. Ethereum price is now trading below $4,400 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,350 level. The next key resistance is near the $4,400 level. The first major resistance is near the $4,450 level. Besides, there is a key bearish trend line forming with resistance at $4,450 on the hourly chart of ETH/USD. A clear move above the $4,450 resistance might send the price toward the $4,500 resistance or the 61.8% Fib retracement level of the downward wave from the $4,637 swing high to the $4,264 low. An upside break above the $4,500 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,550 resistance zone or even $4,620 in the near term. Another Decline In ETH? If Ethereum fails to clear the $4,350 resistance, it could start a fresh decline. Initial support on the downside is near the $4,250 level. The first major support sits near the $4,220 zone. A clear move below the $4,220 support might push the price toward the $4,150 support. Any more losses might send the price toward the $4,120 region in the near term. The next key support sits at $4,050. 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 – $4,250 Major Resistance Level – $4,350
The purchase likely positions it as the fifth-largest public corporate bitcoin holder, surpassing Bullish, with total holdings of 25,555 BTC.
The Ronin Treasury will begin a $4.6 million RON buyback starting on Sept. 29, which is expected to reduce the circulating supply of RON by 1.3%.
The crypto platform has confirmed a limited breach following a report linked it to the Scattered Spider hacker group.
Metaplanet's Bitcoin acquisition highlights growing corporate adoption and strategic diversification amid economic uncertainty in Asia.
The post Metaplanet increases Bitcoin holdings by 5,419 BTC to total 25,555 BTC appeared first on Crypto Briefing.
Investors are 'cautiously optimistic,' waiting for the next big catalyst, BTC Markets Analyst Rachael Lucas said.
Bitcoin price failed to extend gains above $117,750. BTC is now moving lower and might even test the $113,200 support zone. Bitcoin started a fresh decline below the $115,500 zone. The price is trading below $115,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $115,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $116,000 zone. Bitcoin Price Dips Again Bitcoin price started a fresh upward wave above the $116,500 zone. BTC managed to climb above the $116,800 and $117,500 resistance levels before the bears appeared. A high was formed at $117,920 and the price started a fresh decline. There was a move below the $116,500 and $115,500 levels. The decline gained pace below the $115,000 level. A low was formed at $114,237 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 $114,237 low. Bitcoin is now trading below $115,500 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $115,200 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $115,000 level. The first key resistance is near the $115,250 level. The next resistance could be $116,000 or the 50% Fib retracement level of the recent decline from the $117,920 swing high to the $114,237 low. A close above the $116,000 resistance might send the price further higher. In the stated case, the price could rise and test the $116,500 resistance level. Any more gains might send the price toward the $116,800 level. The next barrier for the bulls could be $117,250. More Losses In BTC? If Bitcoin fails to rise above the $116,000 resistance zone, it could start a fresh decline. Immediate support is near the $114,250 level. The first major support is near the $113,500 level. The next support is now near the $113,250 zone. Any more losses might send the price toward the $112,500 support in the near term. The main support sits at $110,500, below which BTC might decline heavily. 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 – $114,250, followed by $113,250. Major Resistance Levels – $115,000 and $116,000.
Crypto.com CEO Kris Marszalek says the exchange had disclosed a 2023 security breach to regulators, and accusations suggesting otherwise were “misinformation.”
The project embeds remittances, payments, and DeFi in LINE Messenger as Kaia looks to support multiple Asian currencies.