Bitcoin retesting $100,000 would match previous BTC price dips since the end of 2024, Fibonacci retracement analysis shows.
XRP is stuck in a waiting game. After weeks of choppy moves, the token is still hovering between familiar support and resistance zones, leaving experts on edge about which way it will break next. At the time of writing, XRP is trading at $2.82 and is up by more than 1% in the last 24 …
Popular crypto analyst and key opinion leader Ted Pillows has outlined an insightful trend in the Ethereum (ETH) market amidst an ongoing price correction. Since hitting a new all-time high of around $4,900, the prominent altcoin has experienced an extensive price pullback. However, Pillows’ insights suggest further price drops may lie ahead, before another explosive rally. Related Reading: Ethereum Exchange Balance Turns Negative For The First Time – Why This Is Bullish For Price Ethereum Heading To $3,900 Before Major Surge – Here’s Why In an X post on September 6, Pillows reports that Ethereum appears to be replicating some part of Bitcoin’s price movement from the last market cycle. Notably, the premier cryptocurrency had experienced a 20% correction after reaching the previous ATH of $20,000 from the 2017 bull run. Thereafter, Bitcoin embarked on a bullish price run to establish a new ATH around $69,000. Similar to these conditions, the chart below shows that Ethereum has recently broken out of a forming symmetrical triangle, touching its previous ATH of $4,860 from 2021. Since then, the altcoin has slipped into a corrective phase, with present market levels now within the $4,200 region, leading to Pillows’ suggestions of a duplicated price movement. However, if Ethereum is indeed mirroring Bitcoin’s price performance from 2021, ETH bulls should expect a further price decline to around $3,800-$3,900 to complete the 20% price correction. While such a price loss would represent an additional 9.68% from present market prices, it could also complete the perfect bullish set-up for a parabolic rally. Going by BTC’s price history, Ethereum could likely experience a 4.5x price surge with potential price targets around $22,000. Notably, this projection exceeds the $10,000 ceiling that many analysts currently anticipate. However, a potential decline below the predicted $3,800-$3,900 could invalidate such bullish forecasts, presenting new downside targets around $3,400-$3,600. Related Reading: Bitcoin Treasury Purchases Down Amid Record Holdings – What Does This Mean? Ethereum Market Outlook At the time of writing, Ethereum is trading at $4,263, reflecting a 1.35% decline in the past day and a 1.53% loss over the past week. However, on the broader timeline, ETH remains in positive territory, posting a 10.53% gain over the past month as bulls maintain longer-term momentum. According to on-chain data from analytics firm Sentora, the altcoin is showing signs of heating activity. In particular, Ethereum’s total network fees for the week increased to $11.93 million, up 19.4% compared to the previous week, signaling heightened transaction activity and demand for block space. Meanwhile, exchange netflows stood at -$2.09 billion, pointing to substantial outflows from centralized exchanges as investors opted to move their assets to personal wallets. With a market cap of $516.03 billion, Ethereum continues to rank as the 2nd largest cryptocurrency and 22nd largest asset in the world. Featured image from Pexels, chart from Tradingview
As inflation hits 229%, stablecoins like USDt are overtaking Venezuela’s bolívar for everyday payments, from groceries to salaries.
Ripple is done fighting the SEC, meaning it can focus on its original goal: challenging SWIFT, the world’s money transfer system.
Bitcoin’s mining math hit a fresh high this week as the network’s difficulty climbed to a new all-time peak of 135 trillion. Miners now need more computing work than ever to win a block, while the overall hashpower available to the network has slipped from its summer peak. Related Reading: MemeCore Explodes 3,800% For ATH — But Is A Collapse Around The Corner? Mining Difficulty Reaches New High According to on-chain data, network hashrate fell to 967 billion hashes per second after topping 1 trillion hashes per second on August 4. That gap — rising difficulty paired with a lower hashrate — tightens margins for miners. Reports have disclosed that higher difficulty makes mining more costly, and the pressure is felt most by smaller operations that run on narrow profit margins. Big miners have room to scale. Smaller teams do not. Costs for electricity, machines and maintenance add up fast. The situation raises concern about concentration. As the cost to operate rises, larger pools and firms are better positioned to absorb the pain and keep hashing. Solo Miners Still Score Big Despite those headwinds, Three solo miners managed to land blocks in July and August, proving the system still hands out rewards to individuals now and then. Reports show the block subsidy is 3.125 BTC per block. On July three, a solo miner found block 903,883 and took home just under $350,000 in subsidy plus fees. Another solo miner added block 907,283 on July 26, claiming over $373,000 when prices at the time were used to value the reward. On August 17, block 910,440 was mined by a solo operator, yielding roughly $373,000 in subsidy and fees. Those payouts highlight two facts. First, solo success is rare but possible. Second, occasional large rewards do not erase the steady advantage of scale. Pools still smooth earnings for participants, and many miners use them to avoid long dry spells. Seasonality And Market Patterns Meanwhile, September has a poor historical record for Bitcoin, with an average return of -3.77% across 12 years beginning in 2013, researchers say. Bitcoin endured six straight losing Septembers from 2017 through 2022. The streak reversed in 2023, and 2024 closed out as the best September on record at +7.29%. Related Reading: Trump-Tied Thumzup Raises $50M, Merges Dogecoin Mining With XRP Plans What This Means Now In short, the network’s math is becoming tougher at the same time mining capacity dipped slightly. That creates tighter margins and fuels debate over centralization as scale matters more. Yet the ecosystem still shows variety: solo miners can and do win blocks, and market history gives investors a mixed picture where seasonal trends matter but do not guarantee outcomes. For now, miners and market watchers alike will be tracking difficulty, hashrate and price swings as the fall unfolds. Featured image from Unsplash, chart from TradingView
Bitcoin is in no rush to pick a direction. The world’s largest cryptocurrency has been bouncing between support and resistance. Right now, Bitcoin is holding support between $106,700 and $107,600. Every dip into this zone has been met with buying. On the other side, resistance around $113,000 to $113,500 has been tough to break, keeping …
Paxos has proposed a fully compliant USDH stablecoin for the Hyperliquid ecosystem, with most of its yield funneled into HYPE token buybacks.
Chainlink (LINK) prices have dropped by 5.63% in the past seven days, amid a broader, volatile market movement. Nevertheless, the altcoin maintains a healthy 20.88% on its monthly chart, suggesting that a significant portion of recent market entrants are holding in profits. Looking ahead, prominent analyst Ali Martinez has outlined a potential market opportunity for a mega price rally. Related Reading: Chainlink Consolidates Near Resistance, Is A Bigger Rally In Sight? LINK Price Pattern Suggests Parabolic Surge After Final Retest In an X post on September 6, Martinez postulates that Chainlink may be on the verge of one of its most significant price moves after tracking a long-term symmetrical triangle pattern on LINK’s weekly chart that suggests a short-term correction could pave the way for a breakout to unprecedented highs. Chainlink presently trades around $22 following last week’s decline. However, Martinez sees potential for bullish momentum, especially if the token retests the $16 region in the coming weeks. According to the seasoned analyst, a retracement to this support zone could present the “most bullish setup” for LINK holders, providing the launchpad for a multi-month rally. Notably, this analysis mainly rests on Fibonacci retracement and extension levels plotted against LINK’s multi-year price action. The $16 area coincides with the 0.5 retracement level, often regarded as a critical point where accumulation and renewed buying pressure can emerge. From there, the chart projects a series of higher highs and higher lows that could carry LINK beyond $31.88, $52.30, and eventually into triple-digit territory near $100. Specifically, the Fibonacci 1.272 extension level points to $98.15 as a potential peak for the breakout. This would represent a nearly 350% increase from current levels and over 500% from the suggested $16 retest zone. Such a move would also mark a new all-time high, surpassing LINK’s previous record of $52.88 set in May 2021. Meanwhile, the triangle consolidation, spanning from 2021 through 2025, highlights LINK’s tightening price structure and diminishing volatility. Historically, prolonged consolidations often precede explosive moves in either direction. For LINK bulls, the key is maintaining support above the $16–$17 range and eventually breaching resistance around $30. Importantly, failure to hold the $16 level could invalidate the bullish thesis, potentially dragging LINK back toward lower support zones near $12 or even $9. Related Reading: SUI Breakout Structure Builds – Can The Bulls Push Past $3.50? LINK Price Outlook At press time, LINK trades at $22.30 after a slight 0.54% decline in the past day. The asset’s daily trading volume is also down by 58.12% and is now valued at $567.14 million. According to Coincodex, LINK investors are presently expressing a neutral sentiment, as indicated by a Fear & Greed Index of 48. Notably, short-term analysis suggests the altcoin could trade at $21.71 in the five days, followed by a potential rebound to $23.71 in the next month. Featured image from Virtune, chart from Tradingview
Crypto traders are weighing which major asset might lead the next upward move as risk appetite cools, according to Santiment.
For years, XRP has been making headlines in the crypto world: part lawsuit survivor, part payment rail, part speculative asset. But now, a new comparison is making the rounds: could XRP’s future look a lot like oil’s? That’s the question posed by analyst Brad Kimes on Paul Barron Podcast, who says the token may one …
In his latest daily technical outlook, Cryptowzrd highlighted that Bitcoin closed the day with a gravestone doji, while holding above a critical level. According to the analysis, more bullish candles are needed to sustain momentum and push the price toward the $120,000 resistance, especially as the market contends with ongoing fundamental pressures. Fundamentals Support Bitcoin Despite Weak NFP Print Cryptowzrd highlighted that the daily candle of Bitcoin closed indecisively, signaling uncertainty as the market evaluates its next move. Despite this indecision, BTC remains above the crucial $110,500 level, which continues to serve as a strong support zone. This level remains critical in determining whether bullish momentum can be sustained in the short term. Related Reading: Bitcoin Battles Key Support: Can September’s Dip Set The Stage For A Q4 Rally? The analyst noted that Bitcoin has maintained its bullish edge even in the face of a lower-than-expected NFP print, triggered by fundamental commentary. This development suggests that broader market sentiment is still supportive of BTC, and technical strength is being reinforced by macroeconomic factors. From a weekly perspective, traditional markets have closed on a bullish note, adding further support to Bitcoin’s potential upside. However, a series of consecutive bullish daily candles is needed to solidify confidence in a rally toward the $120,000 resistance level. Without this confirmation, the market could remain in a holding pattern, leaving room for volatility and short-term swings. On the downside, he cautioned that if Bitcoin breaks below the $110,500 level by mid-week, it could open the door for a deeper correction, potentially testing the $100,000 support zone. Such a move would shift market dynamics, increasing selling pressure and creating strategic opportunities for traders to position for short-term downside plays. Over the weekend, Cryptowzrd will be closely monitoring lower-time frame charts to identify actionable scalp opportunities while ensuring that the current position above $110,500 remains secure. Intraday Volatility Driven By NFP And Market Fundamentals Concluding his analysis, the analyst highlighted that the intraday chart of BTC has been volatile, influenced by recent fundamental commentary and the lower-than-expected NFP print. This volatility reflects the market’s uncertainty, as traders weigh both technical and macroeconomic factors. Related Reading: Bitcoin Market Base Turns Neutral-Bearish As Flows Stay Weak He noted that a decisive move above $113,200 would signal stronger bullish momentum, potentially pushing Bitcoin higher and helping to secure the current position. Such a breakout signals that buyers are regaining control of the market. On the other hand, a drop below $110,400 could open the door for additional downside. For now, the analyst plans to wait patiently for the market to form a more mature trade setup before taking the next actionable position. Featured image from Getty Images, chart from Tradingview.com
Michael Saylor’s net worth has jumped almost 16% since the beginning of the year amid Strategy’s stock price spiking 12% over the same period.
Ethereum (ETH) has just made history with a development that could reshape its market trajectory. For the first time, the Ethereum exchange balance has turned negative, meaning more tokens are being withdrawn from trading platforms than deposited. This structural shift in supply dynamics has analysts labeling it a key bullish signal for the market’s next rally. Ethereum Exchange Balance = Negative Crypto market expert Cas Abbe shared a new report showing that Ethereum’s exchange flux has slipped into the negative territory for the first time on record. He suggests that the latest development could be bullish for ETH, as it signals reduced selling pressure and growing investor confidence. Related Reading: MemeCore Explodes 3,800% For ATH — But Is A Collapse Around The Corner? Historically, the exchange balance metric has served as one of the clearest indicators of investor behavior. When balances rise, it typically signals mounting selling pressure, as traders move coins for liquidation purposes. Conversely, when they fall, it indicates that coins are being withdrawn into private wallets, which are less likely to be sold. The analyst’s chart illustrates a sharp and accelerating drop in Ethereum’s exchange balances over the past few years, culminating in this historic low. Billions worth of ETH have been removed from centralized platforms, coinciding with the asset’s advance toward a target above $5,500. This indicates a clear reduction in liquid supply during already heightened demand. According to Abbe, the importance of this decline cannot be overstated. He noted that market tops in crypto generally occur after inflows spike back into these centralized platforms, not when balances are draining to new lows. In other words, Ethereum may not be positioned for a sell-off but for accumulation. As selling pressure subsides, long-term holders exert greater control over supply, creating conditions for potentially strong upward price momentum. If history is any guide, Abbe suggests that the shrinking exchange balance could set the stage for Ethereum’s next leg up. Analyst Sets $7,000 As ETH’s Next Target While Ethereum’s exchange supply hits uncharted lows, technical analysts like Crypto Goos are increasingly bullish on its price. The market expert announced in a post on X that ETH has officially broken out of a long-term wedge pattern, which has constrained price action since 2021. The accompanying chart illustrates ETH finally piercing through resistance after years of sideways trading. Crypto Goos points to the breakout level around $3,600, and with Ethereum now trading significantly above it, the move appears confirmed. Related Reading: XRP Poised For Amazon-Like Boom? Analyst Predicts $200 Rally Although Ethereum has experienced a number of price swings in the past few weeks, Crypto Goos remains confident that it can reach a new all-time high soon. The analyst’s projection from the wedge breakout targets the $7,000 region, representing a potential upside of about 62% from current price levels above $4,300. Should momentum persist, the cryptocurrency could extend even beyond the $7,000 milestone. Featured image from Unsplash, chart from TradingView
Bitcoin (BTC) experienced a moderate price rebound last week, rallying to around $113,000 before witnessing a minor setback. The crypto market leader now trades near the $111,000 price level and stands 10.46% away from its all-time high. Meanwhile, recent data from blockchain analytics firm CryptoQuant has highlighted an intriguing trend in the accumulating activity of Bitcoin treasuries. Related Reading: Old Bitcoin Supply Unlocks: 7,626 BTC Aged 3–5 Years Moves Onchain Bitcoin Treasury Holdings Hit 840K In 2025 In a weekly report posted on September 5, CryptoQuant reports that Bitcoin treasury holdings by public and private companies have reached a new record of 840,000 BTC in 2025, representing the overwhelming institutional interest seen in the present market cycle. However, beneath this headline milestone lies a stark, cautious shift in market dynamics. Notably, monthly purchases have slowed dramatically, raising questions about the sustainability of corporate demand for Bitcoin. Through combined efforts with bitcointreasuries.net.data, CryptoQuant has discovered that Strategy, being the most aggressive institutional accumulator of Bitcoin, has sharply reduced its buying pace by 97% over the last 12 months. Notably, after acquiring an all-time high of 134,000 BTC in November 2024, the Saylor-led company’s purchases dropped to just 3,700 BTC in August 2025. While other Bitcoin treasuries have stepped in more cautiously, adding 14,800 BTC in August compared to Strategy’s relatively small 3,700 BTC buy, their volumes remain far below the peaks seen earlier in 2025. Notably, these other companies had produced a temporary surge in early 2025, recording a 66,000 BTC all-time high purchase in January, which has clearly faded following their August reports. Notably, all this data indicates that while total holdings are at record levels, the flow of new institutional money appears to be drying up. Related Reading: Bitcoin Mining Turns To Clean Energy Alternatives — Here’s Why Bitcoin Price Overview At the time of writing, Bitcoin is trading at $110,942, up by 0.48% over the past 24 hours. Daily trading volume has also increased by 4.56% to $61.05 billion, indicating steady market activity. However, the cryptocurrency faces headwinds, with a 3.76% monthly loss underscoring its fragile momentum. The next key resistance level sits near $113,700, a zone that has already proven difficult to break on two separate occasions over the past month. Meanwhile, with Bitcoin price direction largely uncertain, CryptoQuant’s report suggests corporate treasuries appear hesitant to allocate further capital at scale, preferring smaller, more conservative purchases. This behavior signals that while the narrative of Bitcoin as a treasury reserve asset persists, incremental demand growth is slowing. In addition, it raises significant concerns about the potential behavior of these treasury companies during the much-anticipated crypto winter. Featured image from istock, chart from Tradingview
Bitcoin has held up strongly compared to the companies that have adopted it as part of their treasury strategy, but the gap between the digital asset and these firms is becoming more pronounced. Over the last 10 weeks, stocks of Bitcoin Treasury Companies (BTCTCs) have fallen sharply, shedding between 50% and 80% of their value. This divergence shows an unusual pattern, effectively creating a “1:4 ratio” in cycle behavior. Related Reading: MemeCore Explodes 3,800% For ATH — But Is A Collapse Around The Corner? 12 Mini-Bear Markets In 18 Months Bitcoin’s price action in the past 18 months has mostly been in a bullish cycle on the macro end, with the leading cryptocurrency creating new price highs upon new price highs within this period. This has caused an increase in many companies adopting a Bitcoin treasury strategy in their balance books, also known as Bitcoin Treasury Companies (BTCTCs). However, according to data from crypto commentator Mark Moss, the stock prices of companies with a Bitcoin strategy have diverged from Bitcoin, shedding between 50% and 80% of their stock value over the last ten weeks. This divergence, Moss noted, shows an unusual 1:4 cycle ratio where corporate Bitcoin holders undergo four mini-cycles for every one Bitcoin market cycle. The Japanese firm MetaPlanet is the prime case study for this occurrence. Over the last 18 months, its stock ($MTPLF) has gone through 12 distinct drawdowns, ranging from sharp single-day plunges to prolonged declines stretching over months. On average, these downturns erased 32.4% of value and lasted about 20 days. The shortest correction was a brutal one-day slide of 22.2% in April 2024, while the longest and deepest crash lasted 119 days from July to November 2024, wiping out 78.6%. The chart below, of MetaPlanet’s stock, shows repeated selloff cycles that appear far more compressed and extreme than Bitcoin’s price corrections in the past 18 months or so. MetaPlanet Stock Price: Mark Moss on X Correlation With Bitcoin? Interestingly, only 41.7% of MetaPlanet’s drawdowns have directly lined up with Bitcoin’s corrections. Out of the 12 mini-bear markets identified, just 5 occurred in sync with BTC’s declines. The majority (7 out of 12) were unrelated to Bitcoin and were instead caused by company-specific factors. According to Moss, these factors include warrant exercises, fundraising activities, and compression of the Bitcoin premium that MetaPlanet trades at compared to its BTC holdings. The two most severe drawdowns, however, did overlap with Bitcoin volatility. The -78.6% collapse in late 2024 and a -54.4% drawdown both coincided with periods when Bitcoin itself was undergoing corrections. These overlapping events suggest that while BTC volatility sometimes adds to the drawdown, MetaPlanet’s stock selloffs tend to extend beyond Bitcoin downturns. Essentially, what this means is that instead of BTC 4-year cycles, BTCTCs are now more like 4 cycles in 1 year. At the time of writing, Bitcoin is in a correction phase and is struggling to hold above the $110,000 support level. Popular BTCTC stocks are also struggling with downtrends alongside Bitcoin. Strategy’s stock is down 37.1% from its 52-week high, while MetaPlanet is down 58.6%. Others, like The Smarter Web Company PLC (-83.6%) and The Blockchain Group (-70.7%), are at greater losses. BTCTC Stock Prices: BitcoinTreasuries Related Reading: XRP Poised For Amazon-Like Boom? Analyst Predicts $200 Rally Featured image from Unsplash, chart from TradingView
The Bitcoin network mining difficulty continues its long-term upward trend, hitting an all-time high of 134.7 trillion on Friday.
The Bitcoin price has enjoyed some level of resurgence over the past week, starting from below $108,000 to as high as $113,000. However, the premier cryptocurrency’s progress hit a stumbling block following the release of weaker-than-expected United States payrolls data on Friday, September 5. Despite the bearish pressure triggered by the US Nonfarm Payrolls (NFP) release, the price of Bitcoin managed to stay above the psychological $110,000 level. Interestingly, the latest analysis suggests that the latest job data could guide the Bitcoin price to a new high. Macro Shift To Kickstart Next BTC Price Rally? In a Quicktake post on the CryptoQuant platform, market analysis firm XWIN Research Japan explained how weak labor data in the US could see the Bitcoin price embark on its next bullish wave. According to the analytics firm, history shows a paradox despite rising unemployment often linked to weak performances by risk assets, including cryptocurrencies. Related Reading: Bitcoin Bull Run Nears Its Climax: Cycle Peak Indicates 95% Completion XWIN mentioned that on-chain stablecoin data offers insight into how this “macro story” could unfold, especially in relation to the cryptocurrency market. The crypto trading firm then highlighted two “distinct waves of activity” that establish the connection between unemployment and crypto market positioning. In the first wave (between late 2024 and early 2025), investors expected the Federal Reserve (Fed) to cut interest rates as the labor market weakness first emerged. Capital flowed into exchanges with the surge in stablecoin reserves from $30 billion to $50 billion, showing the investors’ preparedness for a macroeconomic shift. The second wave (from mid-2025 to present) has seen unemployment rising again. Similarly, stablecoin exchange reserves recently hit $58.5 billion, while depositing addresses have frequently surpassed 30,000 BTC, with highs near 40,000 BTC. “This isn’t just accumulation—it reflects broader participation, from whales to retail, mobilizing funds in anticipation of easier policy,” XWIN added. According to XWIN, the thinking is that the rising unemployment in the United States could be linked to stronger expectations of Fed rate cuts. With more capital stored in stablecoins on exchanges, ready to buy more coins, the weak jobs data could be the foundation for a fresh rally for Bitcoin. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $110,780, reflecting no significant changes in the past 24 hours. According to data from CoinGecko, the market leader is up by almost 3% in the last seven days. Related Reading: Safe Haven Split: Bitcoin-Gold Correlation Turns Negative For First Time In 6 Months Featured image from iStock, chart from TradingView
The bill's latest draft also addresses the regulatory treatment of airdrops, protections for developers, a DePIN carve-out, and more.
Phishing scams continue to impact crypto and Web3 users, prompting the need for vigilance and personal online safety countermeasures.
New updates have been made to Ripple’s XRP Ledger (XRPL) as the network looks to dominate and gain more traction. This is also a positive for XRP, which serves as the network’s bridge currency. Ripple’s XRP Ledger Gets A New Update In an X post, XRP validator Vet revealed that the credentials amendment on the XRP Ledger is now active. He explained that credentials can be applied to attest to compliance requirements, such as KYC and AML, for a user or institution and issued to their decentralized identity. This helps to further build trust in the network. Related Reading: Ripple Vs. SWIFT Battle Heating Up As Exec Lands Major Blow To XRP Vet also noted that the amendment has all been done natively on the XRP Ledger. Notably, this update is part of a larger move to enable compliance amendments on the network. With decentralized identities and credentials implemented, Vet indicated that their next focus is to work on the permissioned domains and permissioned DEX. Ripple and other XRP Ledger stakeholders aim to utilize these compliance amendments to attract more institutions to the network, enabling them to adhere to traditional finance (TradFi) standards even on-chain. This also comes as the network aims to become the go-to for tokenization. Ripple recently stated that 10% of global assets will become tokenized by 2030, and is undoubtedly looking to tap into this trillion-dollar market. Ripple Engineer Breaks Down Significance Of This Update In an X post, Ripple engineer Kenny explained that the credentials update gives developers and businesses a way to handle identity checks and compliance requirements directly on the XRP Ledger. With these, they do not need to approve each account one by one manually. The Ripple engineer noted that traditionally, verifying user credentials like KYC requires multiple checks across different platforms. Related Reading: Pundit Says Ripple Is The New SWIFT — Here’s What Is Driving It Kenny remarked that this process isn’t only inefficient but also increases privacy risks because sensitive information has to be shared multiple times. As such, this makes the XRP Ledger credentials update vital. The Ripple engineer revealed that this feature enables credentials to be issued, stored, and verified natively on the XRPL. He noted the benefits of how this allows users to prove a required criterion without undergoing repeated verification. Kenny also stated that this will improve the onboard process and enhance security, while maintaining privacy. The Ripple engineer further gave an example of what a typical flow will look like using this credentials feature. A business will define the credentials it requires, such as the KYC, then a trusted issuer creates and signs that credential. The user then accepts and stores these credentials in their XRP Ledger account. That way, the credential is checked on-chain whenever the user interacts with the business. At the time of writing, the XRP price is trading at around $2.83, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
Despite the outflows, ether rose by more than 16% in the past month, driven in part by the passage of the GENIUS Act.
It may take a minute to get to grips with magic internet money, but once you see the scarcity, durability, and predictability, it somehow all falls into place. From Jamie Dimon to Donald Trump, eventually everyone understands Bitcoin. Eventually everyone understands Bitcoin Anthony Pompliano summed it up best, against an image of some high-profile personalities, […]
The post From Jamie Dimon to Donald Trump: Why everyone eventually understands Bitcoin appeared first on CryptoSlate.
After a strong start in August, the SUI price struggled to build on its momentum in the second half of the month. The altcoin’s price crashed from a local high of above $4.1, reaching around $3.2 to start the new month of September. However, the SUI price seems to have found a new lease on life in the past week, increasing by over 4% in the last seven days. Interestingly, the SUI token appears to only be at the beginning of what could be a journey to a new all-time high. Analyst Predicts SUI To Grow 110% Based On Chart Pattern In a September 5 post on social media platform X, prominent crypto analyst Ali Martinez shared that it might be time for investors to start loading their bags with SUI tokens. According to the online pundit, the SUI price just bounced back from a level that could see travel to a new high around $7. Related Reading: Ethereum Outflows Drive Binance Supply Ratio Under 0.037, Signaling Bullish Setup This prediction is based on the appearance of an ascending triangle pattern on the daily Bitcoin chart. The ascending triangle is a technical analysis pattern that features an inverse right-angled triangle with a horizontal upper boundary (connecting a series of lower highs) and a diagonal rising lower trendline (connecting the swing lows). An ascending triangle formation is typically considered a bullish chart pattern, signaling the continuation of the initial upward trend. Nevertheless, this chart pattern can also be viewed as a trend reversal pattern and a bearish sign—usually when the asset’s price breaches below the lower trendline and in the opposite direction of the initial uptrend. As shown in the highlighted chart, the SUI price did make a move for the lower trendline before bouncing back around the $3.1 level. The altcoin, which seemingly found a major support around this price level, looks set to break the upper horizontal trendline of the triangle. While Martinez still expects the SUI price to retest the lower trendline one more time before breaking out of this pattern, the final target for the altcoin is set around the $7 mark. The price target for an ascending triangle pattern is usually calculated by adding the vertical distance between the horizontal and lower trendlines to the breakout point. Going by this method, Martinez puts the target for the SUI at over 110% from the current price point and 30% from the all-time high of $5.8. SUI Price At A Glance As of this writing, the price of SUI stands at around $3.38, reflecting an over 2% jump in the past 24 hours. Related Reading: XRP Will Never Crash 90% Again, Says Digital Ascension CEO Featured image from iStock, chart from TradingView
StablecoinX will purchase locked tokens from the Ethena Foundation, which will use the proceeds to buy back ENA on spot markets.
The Foreign Board of Trade (FBOT) framework is designed for the legacy financial system and is a poor fit for cryptocurrency exchanges.
The purchases, disclosed in recent trade filings, consisted of 387,000 shares of BitMine and 144,000 shares of Bullish, with ARK Innovation ETF (ARKK) leading the way.
The U.S. jobs report revealed only 22,000 job additions in August, far below expectations, increasing the likelihood of a Fed rate cut. Still, BTC remains below $112K.
Showrunner will create new footage to fill in the missing 43 minutes of Orson Welles’ 1942 classic, “The Magnificent Ambersons.”
Bitcoin prices have dipped by over 10% since establishing a new all-time high (ATH) of $124,457 on August 14. As with all previous retracements after a new ATH, this recent correction has sparked much speculation on the market peak price. The Bitcoin Decay Channel, a market prediction model, has provided insights into the potential market top price zones for the present cycle. Related Reading: Safe Haven Split: Bitcoin-Gold Correlation Turns Negative For First Time In 6 Months Bitcoin Decay Channel Hints At $200K–$290K Top, Tips Cycle To Extend To 2026 In an X post on September 5, a Bitcoin researcher with the X username Sminston With shares some important data from the Bitcoin Decay Channel on a potential peak price for the current market cycle. For context, the Bitcoin Decay Channel is a long-term logarithmic regression model that attempts to map Bitcoin’s price cycles, specifically its historical peaks and bottoms, within statistically derived boundaries. This pricing model shows that while Bitcoin follows boom-and-bust patterns, its growth rate decays over time as each cycle delivers smaller percentage gains than the last. Notably, data from the Bitcoin Decay channel chart shows the premier cryptocurrency is steadily climbing within the 0.05 quantile support and upper bound resistance lines, with oscillations that mark historical overheated zones. The embedded oscillator suggests BTC is not yet at a euphoric peak, leaving room for further upside before a long-term top forms. Based on more data, Sminston With explains that the present Bitcoin market cycle could see a price top between late 2025 and late 2026. If Bitcoin peaks in December 2025, the price range would sit between $205,000 and $230,000. However, should the cycle extend into 2026, projections rise incrementally, i.e. $208,000-$235,000 by Jan 2026, $219,000–$250,000 by April 2026, $230,000-$265,000 by July 2026, $243,000-$282,000 by October 2026, and as high as $250,000–$292,000 by year-end 2026. Regardless of which price top scenario, the Bitcoin Decay Channel presents a potential peak zone between $205,000 and $292,000 within the next 12-15 months. This presents a possible price gain of 86% in the base case and 167% in a bull case scenario. Related Reading: Ethereum Whales Go On Buying Spree Amid Crash To $4,200, Here’s How Much They Bought Bitcoin Price Outlook At the time of writing, Bitcoin is trading at $110,900, reflecting a 0.45% price increase in the past day. Meanwhile, weekly gains are now up by 2.89% showing a moderate recovery. Interestingly, Coincodex analysts are predicting the premier cryptocurrency to maintain this rebound, rising to $121,276 in five days. With a market cap of $2.2 trillion, Bitcoin remains the largest currency and fifth largest in the world. Featured image from iStock, chart on Tradingview.com