The crypto market is flashing red once again. As of September 26, global market cap sits at $3.74 trillion, down 2.27% in 24 hours. The Fear & Greed Index has slipped to 32 (Fear), showing clear risk-off sentiment. Altcoins are particularly hit, with the average RSI at 35.85 indicating oversold conditions. XRP is no exception, …
KuCoin said it 'disagrees with' the regulator's findings and has filed an appeal before the Federal Court of Canada.
Regulators have pinged companies after unusual market moves before treasury disclosures, though no formal actions have been confirmed.
On September 25, the SEC’s Crypto Task Force met with VanEck to review pressing issues in digital asset regulation. The agenda covered crypto ETF rules, liquid staking tokens, fund tokenization, DeFi oversight, and custody requirements for digital assets. The meeting reflects the SEC’s effort to engage directly with major market players as it works toward …
Crypto exchange Kraken has secured $500 million in new funding, valuing the company at $15 billion. The round, structured by Kraken without a single lead investor, saw participation from investment firms, venture capital funds, and Tribe Capital, led by CEO Arjun Sethi, who also invested personally. The fresh capital will fuel Kraken’s global expansion and …
XRP available on major exchanges has fallen dramatically in recent months. Coinbase, a key custodian, holds only around 100 million XRP, down nearly 90% from previous levels. This sharp drop sets the stage for a supply squeeze, as institutions preparing for spot ETFs accumulate tokens. Institutional Moves Creating Market Ripples Large firms filing for XRP …
Dogecoin (DOGE), the leading memecoin in the cryptocurrency space, has faced significant challenges this week, experiencing a 22% decline. According to data from CoinGecko, DOGE is nearly 70% lower than its all-time high of $0.73. Despite these setbacks, analysts remain optimistic about Dogecoin’s future price performance. Dogecoin On Track For Major Rally The anticipated onset of an altcoin season in the last quarter of the year, combined with critical support levels, has contributed to a bullish sentiment among market watchers. Related Reading: All-Time Highs For Gold, S&P500; Crypto Stands Alone In The Red – What’s The Root Cause? Analysts at Bitcoinsensus have boldly asserted on social media site X (formerly Twitter), that Dogecoin is on the cusp of a significant upward movement, citing the cryptocurrency’s ascending trendline support visible on its weekly chart. Their analysis indicates that Dogecoin is mirroring the patterns of previous rallies that saw price increases of 300% and 500% between September and November of last year. This suggests that even with the current corrections pushing the price below $0.20, DOGE remains well-positioned to resume its upward momentum at any time. The crucial support level they identified stands at $0.14, a threshold that, if maintained, could lead to a rapid rebound. Bitcoinsensus forecasts a potential target of $1.30 for Dogecoin, implying an extraordinary rally of 800% for bullish investors. This is reinforced by the broader economic context, particularly in light of recent jobless claims and gross domestic products (GDP) reports. Path To Recovery, Key Support And Resistance Levels Analysts from The Motley Fool noted that weekly jobless claims for the week ending September 20 showed a decrease to 218,000, falling below expectations and indicating a resilient labor market. Meanwhile, the US Commerce Department revised its second-quarter gross domestic product estimate upward to 3.8%, reflecting robust consumer spending, the strongest quarterly growth seen in over two years. Such economic indicators could positively influence cryptocurrency prices, as investors often rotate from traditional assets like the Nasdaq and S&P 500 into riskier assets, including Dogecoin. This movement could potentially spark a new altcoin season, provided that sufficient liquidity enters the market. Related Reading: Ethereum Thesis From Tom Lee Torched As ‘Retarded’ By VC Firm Boss Looking ahead, Dogecoin faces key resistance levels that need to be overcome for a sustained recovery. The memecoin’s price has been rejected at $0.24 three times, with additional obstacles at $0.27 and $0.28. Achieving a breakthrough in these areas could set the stage for a move toward the $0.30 mark. Conversely, should DOGE retrace, strong psychological support is seen at $0.14, with further levels at $0.21, $0.19, and $0.16, which have historically acted as significant bounce points for the token. At the time of writing, the memecoin’s price attempts to stop its ongoing correction at $0.222. Featured image from DALL-E, chart from TradingView.com
Ethereum co-founder Jeffrey Wilcke seemingly still holds hundreds of millions worth of Ether across multiple wallets.
Nasdaq-listed AlphaTON Capital Corp has marked a major milestone by completing $71 million in financing and making its first large-scale purchase of TON tokens. With this strategic step, the company is positioning itself as a leading institutional force within the Telegram and TON blockchain ecosystem, aiming to turn its treasury strategy into sustainable long-term growth. …
CryptoQuant said crypto treasury companies that cut deals to sell new shares to private investors face downside risks due to incoming selling pressure.
Bitcoin, the pioneer cryptocurrency, has slipped to a four-week low, trading under $109,500, leaving many traders anxious about its next move. But veteran analyst Timothy Peterson believes the drop could just be part of a bigger setup. Using Bitcoin’s 10-year seasonality trends, he suggests the BTC to climb as high as $200,000 by June 2026, …
The initiative is intended to enhance settlement efficiency, and serve as building blocks toward a broader framework for e-CNY integration.
TeraWulf is reportedly planning $3 billion in funding through Morgan Stanley with Google’s backstop as the mining firm pivots to AI.
Kraken's strategic funding and acquisition focus could enhance its market position, potentially influencing the crypto exchange landscape by 2026.
The post Kraken completes $500M funding round, eyes 2026 IPO appeared first on Crypto Briefing.
The actor received a two-year suspended sentence after embezzling millions from her own agency to invest in crypto.
SEC officials have cautioned some companies about potential violations of Regulation Fair Disclosure, according to WSJ.
On September 25, both spot Bitcoin ETFs and Ethereum ETFs recorded heavy outflow, SoSoValue reports. Bitcoin ETFs saw $258.46 million outflow, with only one ETF reporting inflow, while Ethereum ETFs posted $251.20 million with no inflow. Bitcoin ETF Breakdown Bitcoin ETFs posted a net outflow of $258.46 million, with Fidelity’s FBTC leading $114.81 million. Bitwise …
The crypto market remains volatile. Bitcoin trades near $109,400, and Ethereum sits around $3,950. XRP is making headlines as it moves beyond its traditional role as a payment token and enters the broader DeFi ecosystem. Axelar’s Interchain Token Service (ITS) now connects XRP to more than 80 blockchains. This allows XRP to operate across multiple …
Solana started a fresh decline from the $232 zone. SOL price is now showing bearish signs and might even decline toward the $180 support. SOL price started a fresh decline below $232 and $220 against the US Dollar. The price is now trading below $200 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $204 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could extend losses if it stays below $204 and $212. Solana Price Dips Sharply Solana price failed to stay above $232 and started a fresh decline, like Bitcoin and Ethereum. SOL traded below the $220 and $212 support levels to enter a bearish zone. The bears even pushed the price below $200 and the 100-hourly simple moving average. A low was formed at $191 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $242 swing high to the $191 low. Solana is now trading below $200 and the 100-hourly simple moving average. Besides, there is a key bearish trend line forming with resistance at $204 on the hourly chart of the SOL/USD pair. If there is a recovery wave, the price could face resistance near the $200 level. The next major resistance is near the $204 level or the trend line. The main resistance could be $215 or the 50% Fib retracement level of the downward move from the $242 swing high to the $191 low. A successful close above the $215 resistance zone could set the pace for another steady increase. The next key resistance is $220. Any more gains might send the price toward the $232 level. More Losses In SOL? If SOL fails to rise above the $204 resistance, it could continue to move down. Initial support on the downside is near the $192 zone. The first major support is near the $188 level. A break below the $188 level might send the price toward the $180 support zone. If there is a close below the $180 support, the price could decline toward the $174 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 – $192 and $188. Major Resistance Levels – $204 and $215.
A cryptocurrency analyst has explained how a Chainlink triangle breakout setup could point to a massive $100 target for the asset’s price. Chainlink Is Coiling Inside A Triangle Right Now In a new post on X, analyst Ali Martinez has talked about a triangle pattern forming in the weekly price of Chainlink. Triangles refer to consolidation channels from technical analysis (TA) that involve an asset trading between two converging trendlines. Like any other consolidation channel, the upper trendline acts a source of resistance, while the lower one that of support. In other words, tops can be likely to occur on retests of the former and bottoms at the latter. Related Reading: Dogecoin Down 18%, But Whale Withdraws 122 Million DOGE From Binance There are a few different types of triangles, with some of the popular ones being the ascending, descending, and symmetrical variations. The orientation of the trendlines decides which type a particular triangle falls into. Ascending and descending triangles have one trendline parallel to the time-axis: upper line in the former and lower one in the latter. Symmetrical triangles lie between the two, having both lines at a roughly equal and opposite slope. Chainlink has potentially been trading inside a triangle over the last few years, but as the below chart shared by Martinez shows, this particular triangle doesn’t cleanly fit into any of these types. From the graph, it’s visible that Chainlink’s triangle lies is angled upward, but not fully, so it lies somewhere between a symmetrical triangle and an ascending one. LINK made a retest of the upper line of the pattern earlier in the year and ended up finding rejection. The cryptocurrency is now on the way down, but the analyst thinks an extended drawdown may not actually be so bad. “A dip to $16 on Chainlink $LINK would be a gift,” says Martinez. This price is where the 0.5 Fibonacci level lies. Fibonacci Extension/Retracement levels are lines drawn using ratios derived from the famous Fibonacci series. The analyst has taken LINK’s top and bottom from the last few years as the 1 and 0 levels, respectively, and has drawn retracement levels between them. The $16 mark happens to be where one such key retracement level lies. Martinez has highlighted in the chart what path the asset could end up following if it bounces off this level. It would appear that in the analyst’s view, a rebound from the line could end up leading to a breakout from the triangle and set a potential target at the 1.272 extension level, drawn up from the 1 level (top). In Chainlink price terms, this level corresponds to almost $100. Related Reading: Bitcoin HODLers Booked $120 Million In Profits During Price Crash: Data It now remains to be seen whether LINK will break out of the triangle in the near future, and whether a setup similar to the analyst’s would play out. LINK Price At the time of writing, Chainlink is floating around $20.25, down over 17% in the last seven days. Featured image from Dall-E, charts from TradingView.com
OpenAI has launched ChatGPT Pulse to deliver customized daily updates to users based on their interests. It could even be helpful for cryptocurrency investors.
Bitcoin dropped to under $109,000 as long-term holders realized 3.4 million Bitcoin profits and ETF inflows slowed, signalling potential cycle exhaustion.
XRP price attempted a recovery wave above the $2.850 zone but failed. The price is again moving lower and might decline again below the $2.720 zone. XRP price is moving lower below the $2.850 support zone. The price is now trading below $2.840 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $2.850 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it dips below $2.720. XRP Price Dips Below Support XRP price attempted a recovery wave above the $2.90 level, beating Bitcoin and Ethereum. The price was able to surpass the $2.90 and $2.92 resistance levels before the bears appeared. A high was formed at $2.995 and the price started a fresh decline. There was a drop below the $2.90 support. Besides, there was a break below a connecting bullish trend line with support at $2.850 on the hourly chart of the XRP/USD pair. A low was formed at $2.724 and the price is now consolidating below the 23.6% Fib retracement level of the recent decline from the $2.995 swing high to the $2.724 low. The price is now trading below $2.850 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.788 level. The first major resistance is near the $2.850 level and the 50% Fib retracement level of the recent decline from the $2.995 swing high to the $2.724 low. A clear move above the $2.850 resistance might send the price toward the $2.920 resistance. Any more gains might send the price toward the $2.950 resistance. The next major hurdle for the bulls might be near $3.00. Another Decline? If XRP fails to clear the $2.850 resistance zone, it could continue to move down. Initial support on the downside is near the $2.720 level. The next major support is near the $2.680 level. If there is a downside break and a close below the $2.680 level, the price might continue to decline toward $2.6150. The next major support sits near the $2.60 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 – $2.720 and $2.680. Major Resistance Levels – $2.850 and $2.920.
SUI is attempting to hold a crucial area as support amid the recent market downturn. Some analysts suggest the altcoin’s price is retesting a make-or-break level that will determine the direction of its next big move. Related Reading: Avalanche (AVAX) Price Holds Key Support, But Analyst Warns Rally Could Be At Risk SUI Hits Two-Month Low On Thursday, SUI is retesting the local range lows after an 8% daily drop from the $3.40 area to a key support level. The recent market pullbacks have momentarily halted most bullish rallies, sending leading cryptocurrencies like Ethereum (ETH) to an eight-week low of $3,800. Now, SUI’s rally, which was fueled by institutional interest, Digital Asset Treasuries (DATs), and positive developments for the network, has declined over 21% in the weekly timeframe. The cryptocurrency has seen a strong three-month rally following its early Q3 breakout to its multi-month high of $4.44. The altcoin has hovered between the $3.10-$4.00 levels over the past three months, attempting to break out of this range multiple times. Last week, SUI’s price retested this area for the third time during this period, but has since been rejected from the range highs after failing to hold the $3.80 mark as support. Market watcher Daan Crypto Trades highlighted that the cryptocurrency has been “stuck” inside the $3.10-$4.30 range since May, briefly losing the support area during the June pullback. According to the trader, the five-month consolidation should eventually lead to a big price move out of the range. “As we approach the range low/support, it’s back on my radar for a potential range play,” he noted, adding that it would need a strong bounce from this area to hold the macro range. On the contrary, Daan suggested that “If it sits there and doesn’t do anything, then that’s a red flag,” as it would risk losing the crucial multi-month support and retracing toward the June lows. Price Retests Make-Or-Break Level Amid the retracement, SUI is also retesting another crucial support. As multiple analysts pointed out, the cryptocurrency is trading within a textbook ascending triangle pattern on a higher timeframe. Notably, the price has been compressing within the pattern’s upper and lower boundaries since early Q2. Throughout the multi-month consolidation, each time the altcoin has bounced from the ascending support, it has retested the flat upper trendline. Ali Martinez highlighted that a successful breakout from the bullish formation’s resistance line around the $4 barrier would set the stage for a retest of its all-time high (ATH) level of $5.35 and an overall 75% rally toward the $7 area. Similarly, analyst Sjuul from AltCryptoGems affirmed that “it’s really time to pay attention” to the bullish formation, as the price compression continues and a break from the pattern seems imminent. Related Reading: Solana DATs Arrive In Australia: Fitell Corporation Announces $100M SOL Treasury Strategy Per the post, SUI’s price must hold the triangle’s rising lower trendline to be able to attempt to break out of the pattern again. Failing to maintain this key support, currently located around the $3.10 area, could invalidate the setup and lead to a retest of the $2.40-$2.90 zone. As of this writing, SUI is trading at $3.15, a nearly 10% decline in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Favorable policy shifts, growing ETP access, and stablecoin momentum could be the key themes for the crypto market coming into Q4, analysts told Cointelegraph.
In the past 24 hours, the global crypto market cap slipped 2.76% to $3.75 trillion as selling pressure weighed heavily across major assets. Bitcoin fell 2.75% to trade near $109,370, while Ethereum lost 2.30%, holding just below $4,000. XRP led declines among top altcoins with a sharp 4.33% drop to $2.75, followed by BNB sliding …
Bitwise is looking to launch an exchange-traded product tracking Hyperliquid’s token, amid volumes on crypto futures exchanges hitting all-time peak volumes.
BlackRock’s strong entry into crypto with its Bitcoin (IBIT) and Ethereum ETFs has raised expectations that the firm could soon expand into other assets like XRP or Solana. But Robbie Mitchnick, Global Head of Digital Assets at BlackRock, explained that the decision is not that simple. In an interview with Nate Geraci, Mitchnick said product …
VanEck's engagement with the SEC on tokenized ETFs highlights growing institutional efforts to integrate crypto with traditional finance.
The post VanEck consults SEC Crypto Task Force on tokenization of ETFs appeared first on Crypto Briefing.
Ethereum price started a fresh decline below $4,050. ETH is now struggling and might decline further if it breaks the $3,850 support zone. Ethereum failed to extend gains and declined below the $4,000 zone. The price is trading below $4,050 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $4,050 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below $3,880 and $3,850. Ethereum Price Dips Further Ethereum price remained in a bearish zone after it settled below $4,250, like Bitcoin. ETH price declined below the $4,120 and $4,050 support levels. The bears even pushed the price below $4,000. A low was formed at $3,826 and the price recently started a minor recovery wave. There was a move above the 23.6% Fib retracement level of the downward wave from the $4,275 swing high to the $3,826 low. However, the bears remained active near the $3,950 resistance zone. Ethereum price is now trading below $4,000 and the 100-hourly Simple Moving Average. Besides, there is a key bearish trend line forming with resistance at $4,050 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $4,000 level. The next key resistance is near the $4,050 level or the 50% Fib retracement level of the downward wave from the $4,275 swing high to the $3,826 low. The first major resistance is near the $4,120 level. A clear move above the $4,120 resistance might send the price toward the $4,150 resistance and the trend line. An upside break above the $4,250 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,320 resistance zone or even $4,350 in the near term. More Losses In ETH? If Ethereum fails to clear the $4,050 resistance, it could start a fresh decline. Initial support on the downside is near the $3,880 level. The first major support sits near the $3,820 zone. A clear move below the $3,820 support might push the price toward the $3,750 support. Any more losses might send the price toward the $3,720 region in the near term. The next key support sits at $3,650. 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 – $3,820 Major Resistance Level – $4,050