Bitwise filed an S-1 witht the U.S. SEC for a Chainlink ETF that would track LINK’s price as fund issuers aim to bring more crypto funds to market.
Dogecoin’s price may be primed for an explosive uptick, according to analysts, who cite increased interest from whale investors.
Bitcoin’s pullback is flushing weaker hands out, while resilient holders remain focused on the $150,000 technical analysis target in play.
The question reverberating across —whether a decisive break below $105,000 would end the Bitcoin bull cycle—drew a crisp rebuttal from popular market analyst CrediBULL Crypto (@CredibleCrypto). In a pair of late-night posts to his 476,000 followers, he argued that while $105,000 is a key threshold for the “most aggressive” upside path, a loss of that level would not, by itself, terminate the higher-time-frame uptrend. “No, if $105,000 is lost it’s not ‘over’ it just means the most aggressive/bullish scenario is out of play and a deeper correction is a lot more likely,” he wrote. “HTF structure isn’t broken until/unless $74,000 is lost—all explained in my last Youtube vid so before you ask ‘why so low for HTF invalidation’ go watch the vid :).” In a second post he reiterated the pivot that has framed his outlook for weeks: “$107-$110,000 has always been the MOST pivotal point on the BTC chart… This is the most likely zone for a full on reversal—it doesn’t mean it is guaranteed of course but this is the last place it makes sense to start flipping bearish.” How Low Could Bitcoin Price Go? The posts point back to a YouTube video published two weeks ago, where the analyst maps three paths for Bitcoin’s next leg. Two envision an upside reversal in or just below the current $107,000–$110,000 area, while a third allows for a deeper corrective sweep without violating the secular uptrend. Related Reading: Bitcoin Bull Run Under Attack: Expert Says Wall Street Is To Blame He is explicit that trend invalidation for the cycle sits much lower—he cites the “mid-$70,000s” as the line in the sand, and, in one passage, places formal invalidation at $74,000–$75,000—because that’s where the prior high-time-frame impulse originated and where the market would, in Elliott-wave terms, erase the larger five-wave structure. That framing is why losing $105,000 would mark a deterioration in momentum rather than a terminal break in structure. Inside his framework, “Scenario 1”—the idea that price is still working through a compact fourth-wave pause inside an already active impulse—has, by his own admission, grown unlikely. The corrective chop has lasted too long and retraced too deep relative to its second-wave analogue; by classical proportionality, that makes it the wrong degree for a fourth wave. The technical red line for that scenario was $110,000; once reclaimed and then overrun to the downside during the correction, the count’s symmetry broke down. “Scenario 2,” his preferred bullish configuration, casts the rally off roughly $105,000 as the first completed five-wave impulse of a new advance. In this reading, the market is currently tracing a wave-two pullback with invalidation squarely at $105k. Related Reading: When Will Bitcoin Bottom Out? This Could Be The Signal To Watch The implication is arithmetic as much as it is structural: if wave one spanned approximately $20,000 top to bottom, a standard third wave would be larger, pushing toward at least the mid-$130,000s before a fourth-wave pause and a terminal fifth carry the move into the $150,000-plus region. This is why he characterizes $107,000–110,000 as “the best R:R for longs,” the last high-probability staging area for a reversal before invalidation. “Scenario 3” keeps the broader May-to-present correction intact. Here the pop above range highs was corrective rather than impulsive—what technicians call a three-leg rise with overlap—and the market still owes a deeper sweep into demand. He differentiates two shapes: a running flat that defends the June/July lows and finds support in a purple band between ~$103,000 and ~$98,000, and an expanded flat that undercuts those lows and tests the daily demand block that “started at basically 98k,” which price “front-ran… at 98.2k” before bouncing. In both cases the higher-time-frame thesis is unchanged, because the structural invalidation remains far below at $74k–$75k. At press time, BTC traded around $110,019 after hitting an intraday low at $108,666. Featured image created with DALL.E, chart from TradingView.com
Bitcoin’s brief dip below $110,000 in the past 24 hours triggered one of the heaviest liquidation rounds in recent times. According to Coinglass data, crypto traders betting on the market lost $811.6 million, with more than 179,000 traders forced out of positions. Speaking on this broad liquidation event, Sean Dawson, head of research at Derive.xyz, […]
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Trump’s firing of Federal Reserve Governor Lisa Cook has sparked a legal standoff and renewed concerns over the Fed’s independence.
The potential approval of a Chainlink ETF could enhance mainstream adoption of decentralized oracle networks and diversify crypto investment options.
The post Bitwise files S-1 for Chainlink LINK ETF, first in US appeared first on Crypto Briefing.
Stellar faces intense selling pressure with massive institutional liquidation triggering critical support breakdown at $0.380 level.
Bitwise has submitted an application to launch a spot ETF for Chainlink ($LINK), allowing investors to gain direct exposure to the popular cryptocurrency. This move follows Bitwise’s push to broaden their crypto ETF offerings beyond Bitcoin and Ethereum. The ETF filing represents growing investor demand for diversified crypto products and reflects the ongoing evolution of …
Gemini is making headlines with a new move that strengthens its connection to XRP. The crypto exchange is expanding its offerings for XRP holders with a new rewards credit card, which will enable users to earn and spend XRP seamlessly in their daily lives. Gemini Unveils XRP Rewards Card On Monday, Gemini announced the launch …
Flagship, an AI-powered trading platform built on full transparency and investor empowerment, is redefining what’s possible for wealth creation in turbulent digital markets. Guided by the belief that trading should be both data-driven and radically open, Flagship’s specialized AI agents are already delivering results that challenge conventional expectations. Between May 28 and August 1, Flagship’s …
Bitcoin dropped to $110,000 as $700 million in crypto longs were wiped out, options markets turned defensive and volatility jumped ahead of U.S. macro data.
A new rumor is circulating in the crypto community about Ripple. According to the claim, Ripple, a Swiss bank, and a U.S.-based blockchain company are working together to build a new network that combines digital identity, compliance, and tokenized assets, with XRP acting as the bridge currency. The rumor started after a post from CoinBureau …
Morgan Stanley has flipped its outlook on U.S. interest rates. The bank now predicts the Federal Reserve will cut rates twice in 2025 – by 25 basis points in September and again in December, followed by more in 2026. Just weeks ago, it expected no cuts at all this year. Why the change? Here’s what …
After a turbulent four years since the explosive rally of 2021, the Ethereum price looks ready to set new all-time highs. Mainly, the targets to trigger the next altcoin season have been set above the $5,000 level, where it seems most of the bullish pressure has been waiting. So far, Ethereum has yet to break this major target, but a machine learning algorithm has predicted that this level will be surmounted within a very short timeframe. Ethereum Price To Finally Beat $9,000 The machine learning algorithm of the CoinCodex has placed Ethereum above the $5,000 mark very soon. The 5-day prediction, which will carry through to the end of this week, shows that a 10% move is coming before the week is over. This would put the Ethereum price above the $5,200 level and mark a brand-new all-time high since 2021. Related Reading: Shiba Inu Head And Shoulders Pattern Signals 540% Upshoot To New All-Time Highs This prediction comes as the market has continued to skew bullish, especially with Ethereum breaking above $4,800 recently. Ethereum’s bullishness is expected to carry on into the month of September, where the machine learning algorithm also puts it above $5,200 for the month. While the short-term prediction for the Ethereum price is positive, the main move is expected to happen in the last quarter of the year. The months of October, November, and December are expected to see the Ethereum price at higher all-time highs than the previous month, expecting to close out the year 2025 in the green. For the month of October, the machine learning algorithm expects the price to cross $8,100, resulting in an over 69% increase in price from here. Then, for the next month, November 2025, is when the price is expected to cross the $9,000 level. This means that the timeframe for the Ethereum price to reach $9,000 could be as little as three months. As for December, the price is expected to retrace from $9,000, but still maintain a high level. The max price is placed at $7,278, and the min price at $6,876. This means it would still be a more than 50% increase from the current price. Q4 Is Where The Magic Happens Historically, the last quarter of the year has always been bullish for the Ethereum price, so it is no surprise that the machine learning algorithm expects the second-largest cryptocurrency by market cap to hit a new all-time high in Q4. According to data from CryptoRank, four out of the last five years have seen the last quarter of the year close with double-digit gains for Ethereum. Related Reading: This Week In XRP: Ripple CTO Set To Announce Important Update The last time that the price had hit a new all-time high was also in the month of November, coinciding with the expectation that ETH will hit a $9,000 ATH in November this year. If the trend holds, then Ethereum might be in for an incredibly bullish Q4, putting in average gains of over 20% before the quarter is concluded. Featured image from Dall.E, chart from TradingView.com
Kraken, one of the world’s biggest crypto exchanges, has found itself in the middle of Wall Street’s next big debate: tokenized stocks. On Monday, the exchange sat down with the U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force to discuss how traditional assets like stocks could be brought on-chain through tokenization. The meeting included …
More companies worldwide are rushing to add digital assets to their treasuries even as the market retraces. $1.75 billion will be allocated across BNB, Solana, and Ethereum to public companies in the United States, Hong Kong, and China. China Renaissance Holdings said it will allocate about $100 million to BNB as part of a strategic […]
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Pudgy Penguins, BAYC and Doodles led the decline over the past week, while CryptoPunks held on with only a 1.35% drop.
Spark price has been falling 3.12% overnight to $0.06686 and losing nearly 10% over the past week. The token’s market cap now sits at $106.58 million, while trading volume surged to $541.6 million. SPK briefly rallied to $0.085 before retreating, suggesting that traders remain cautious near resistance levels. The recent pullback coincides with notable institutional …
One analyst said continued inflows into ETFs may indicate sustained institutional confidence in the underlying assets.
Ever-evolving cybersecurity efforts are forcing hackers to seek out weak links among human vulnerabilities to fuel an ‘endless war,’ CertiK co-founder said.
The crypto derivatives market has hit a new milestone. CME Group announced that its notional open interest has surpassed $30 billion for the first time, showing strong participation from both institutional and retail traders. Read on to know who the ‘big’ winners are. XRP and SOL Futures See Record Demand CME confirmed that SOL and …
The lawsuit claims Apple and OpenAI's exclusive iPhone AI deal locks out rivals from 80% of the chatbot market.
Chainlink (LINK) is retesting a crucial support zone amid the market pullback, leading some analysts to suggest that another significant drop may be coming if the current levels don’t hold. Related Reading: Shiba Inu Head And Shoulders Pattern Signals 540% Upshoot To New All-Time Highs Chainlink Loses $25 Support On Monday, Chainlink followed the rest of the market, dropping 10% to the local range lows. The cryptocurrency hit an eight-month high of $27.87 on Friday, but ultimately failed to hold this level, retracing to the $25.5-$26.5 area over the weekend. LINK lost the recently reclaimed $25 support level, dropping to the $23.5 area in the afternoon. AltCryptoTalk noted that LINK has been trading within a rising channel for the past two weeks, explaining that the cryptocurrency remains within a crucial support zone despite the drop below $25. To the market watcher, as long as LINK holds above the support zone’s lower boundary at $23.5, “the overall bias remains bullish, and we will be looking for trend-following long setups on every bearish correction.” The analyst also highlighted that the Chainlink network is “secure, efficient, and decentralized,” which adds strength to its native token’s rally. Notably, SBI Group, one of Japan’s largest financial conglomerates with $200 billion in total assets managed, partnered with Chainlink to “power several innovative use cases centered around tokenized funds, tokenized real-world assets such as real estate and bonds, regulated stablecoins, and more.” In the Sunday announcement, the companies revealed that SBI Group and Japanese financial services companies will “leverage Chainlink services, including the Cross-Chain Interoperability Protocol (CCIP), SmartData (NAV), and Proof of Reserve to unlock secondary market liquidity and enhance the operational efficiency of tokenized assets” while ensuring privacy and compliance requirements. Is A Drop To $20 Next? Analyst Ali Martinez affirmed that Chainlink will test a key support level before a massive breakout. The market watcher highlighted a four-year symmetrical triangle formation on the altcoin’s chart, which targets a 280% increase once it breaks out. LINK has retested the pattern’s upper boundary twice since the Q4 2024 rally, briefly breaking above the crucial resistance last week. As it failed to confirm the breakout, the analyst suggested that Chainlink will experience one more dip before aiming for the $95-$100 area. Per the chart, this dip could target the next crucial support level around the $20 area, a 15% decline from current levels. Previously, analyst Rekt Capital noted that continued stability at the $23.86 level will be important, adding that a monthly close above this level is crucial for LINK’s rally. Failing to reclaim this area in the monthly timeframe could lead to a deeper pullback toward the $19.41 level, not seen since the early August breakout. Related Reading: Here’s What Powell’s Possible Rate Cuts Could Mean For The Shiba Inu Price Meanwhile, Alex Clay affirmed that Chainlink “is the next ETH,” pointing out some similarities between the two charts. According to the analyst, both cryptocurrencies have been accumulating in a multi-year triangle formation, and LINK could follow Ethereum’s steps once it officially reclaims the pattern’s resistance. Notably, after breaking out of this pattern last month, ETH confirmed the resistance as support and hit a new all-time high (ETH) last week. As of this writing, LINK is trading at $23.52, a 8.5% drop in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Co-founder Eric Demuth said the lack of liquidity in share trading is putting off Bitpanda from seeking a public listing on the LSE.
Kraken has opened a new round of dialogue with the US Securities and Exchange Commission’s (SEC) Crypto Task Force, focusing on how tokenization could be integrated into regulated financial markets. An internal agency memo confirmed that the exchange met with the task force on Aug. 25 to present ideas on how tokenized trading systems might […]
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Ethereum is entering September with a mix of excitement and caution. After recording its strongest Q3 since launch in 2015, ETH posted an 83% gain this quarter, far outpacing its historical median Q3 return of just 8.19%. The token briefly touched a new all-time high at $4,946 on August 25th, before cooling to around $4,550. …
Sui price is facing pressure after a sharp pullback, with a value of $3.40, down 3.91% in the past 24 hours. Its market cap stands at $11.94 billion, while 24-hour trading volume has fallen 10.5% to $1.62 billion. The token is now more than 36% below its ATH of $5.35, as traders weigh weakening technical …
Ethereum is having one of its best years so far, with Q3 gains already hitting 77%. After touching a new all-time high near $4,946, ETH is showing strong momentum as September begins. History suggests that big, Q3 rallies have often led to even bigger moves in Q4, raising the question. ETH Saw Record-Breaking Quarter Last …
The recent passage of the GENIUS Act introduced a new regulatory framework for stablecoins, such as Tether (USDT), drawing increasing attention from traditional and cryptocurrency firms. Tether’s Regulatory Challenges And Rising Rivals With the stablecoin market growing from $120 billion in October 2023 to $288 billion as of August, Tether’s USDT continues to hold its position as the largest stablecoin. However, the Motley Fool team has identified three emerging contenders that are poised to disrupt the company’s dominance and present significant competition. Tether commands nearly 60% of the stablecoin market, but it has not been without controversy. In 2021, the Commodity Futures Trading Commission (CFTC) fined Tether $41 million for “misleading claims” regarding its reserves, which were allegedly not fully backed by US dollars. Furthermore, Tether’s current reporting practices do not align with the requirements set forth by the recently passed GENIUS Act, which mandates stablecoin issuers to publish monthly disclosures about their reserves. Notably, the stablecoin issuer only provides these reports on a quarterly basis, potentially opening the door for competitors to capture some of its market share, at least in the United States. Related Reading: Can Ethereum Really Hit $20,000 This Cycle? Analyst Maps The Path Among the most prominent challengers highlighted is USD Coin (USDC), which boasts a market capitalization of approximately $68 billion. Like Tether, USDC is a fiat-backed stablecoin; however, it has not faced any legal scrutiny regarding its reserves. The issuer, Circle, has consistently published monthly attestations since USDC’s inception in 2018. The Motley Tool team asserts that this commitment positions USDC as Tether’s primary competitor, especially as regulatory compliance becomes increasingly crucial. The competitive landscape is further complicated by regulatory developments in Europe. Under the European Union’s Market in Crypto-Assets Regulation (MiCA), stablecoin issuers must obtain regulatory approval and meet strict reserve requirements. Circle has already achieved compliance with both USDC and its Euro stablecoin, EURC, while Tether has opted to withdraw from the European market entirely. A New Contender With Ties To XRP Another contender is Dai, now rebranded as USDS, which differentiates itself by adhering to the principles of decentralization. Unlike Tether and USDC, Dai is managed by Sky, previously known as MakerDAO, a decentralized autonomous organization. This structure allows anyone holding SKY governance tokens to participate in decision-making processes concerning Dai. Rather than being backed by fiat reserves, Dai is a crypto-backed stablecoin, relying on overcollateralized crypto loans. Lastly, Ripple USD (RUSD) enters the fray as a smaller player with a market cap of around $667 million. Despite its size, the Motley Fool asserts that RUSD’s connection to XRP makes it a formidable competitor. Related Reading: Dogecoin Stalls Near $0.22: Analysts Say a Major Breakout Pattern Could Be Forming Ripple, the company behind XRP, has launched RUSD as part of its payment solutions for financial institutions, focusing on efficient cross-border transactions. Additionally, RUSD has received regulatory approval from the New York State Department of Financial Services, which adds a layer of credibility and could help it gain traction in the market. Despite the potential threat, Tether’s figures far surpass those of these three challengers. This suggests that the firm’s reign in the stablecoin market may continue for some time. One thing is certain, though: stablecoins are making a notable entrance into the broader financial landscape. Featured image from DALL-E, chart from TradingView.com