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CRYPTOGLOBE | Published on 2023-09-28 | 9 mins ago
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Prominent cryptocurrency strategist Nicholas Merten, known for his influential voice on his DataDash YouTube channel, has raised concerns over the possible price trajectory for certain altcoins, namely $XRP, Cardano ($ADA) and Binance Coin ($BNB), over liquidity issues. In a video shared on the Google-owned video-sharing platform to his over 500,000 subscribers, the analyst noted that […]
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CRYPTOGLOBE | Published on 2023-09-28 | 1 hour ago
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CRYPTOGLOBE | Published on 2023-09-28 | 1 hour ago

Cryptocurrency investment products have seen their sixth consecutive week of outflows, with $9 million leaving these products over the past week. Notably, amid these outflows, products offering exposure to Litecoin ($LTC), Solana ($SOL), and $XRP stood out with significant inflows. According to CoinShares’ latest Digital Asset Fund Flows report, this past week saw relatively low […]
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NEWS BTC | Published on 2023-09-27 | 3 hours ago
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The cryptocurrency sector, particularly Ripple Labs, has been embroiled in a scenario of concern and uncertainty following a contentious exchange between the US Securities and Exchange Commission’s (SEC) chair, Gary Gensler, and the House Financial Services Committee in Congress which could affect the XRP price.  Despite Ripple’s partial legal victory against the SEC, Gensler’s stance remains unchanged, as he emphasized the regulatory body’s determination to pursue an interlocutory appeal in the ongoing case. This has raised further questions and apprehension within the industry. Congressman Highlights Ripple Case’s Far-From-Over Status During the hearing, Congressman Stephen F. Lynch expressed his concern about the potential pattern whereby court battles become the norm to determine the classification of individual tokens as securities.  While Gensler did not respond directly, he mentioned the SEC’s filing for an interlocutory appeal, highlighting the regulator’s intent to continue the legal battle. Lynch acknowledged that the case is far from over. On August 17, Judge Torres granted the SEC’s request to file an interlocutory appeal, granting the regulatory body an opportunity to present a compelling case to the Second Circuit.  However, it’s important to note that this permission only allows the SEC to file the motion for an interlocutory appeal, presenting a significant opening for the regulator to challenge the previous ruling and seek a different outcome. These recent developments, as highlighted by Congressman Lynch, indicate that the ongoing Ripple case may take considerable time to resolve.  As a result, XRP is likely to remain stagnant, trapped in a consolidation phase, or potentially retracing beyond its current levels. This could potentially push the cryptocurrency to pursue another annual low, extending beyond the $0.4225 mark reached on August 17. XRP Price Analysis Points To Potential Macro Uptrend Despite the legal battles and the uncertainty surrounding the current state of the crypto market, some signs might point to a different scenario, where XRP could follow a macro uptrend.  Technical analysis highlights a pattern resembling the last market cycle, which consists of five phases: rise, crash, retrace, reaccumulation, and eventual breakout. Drawing parallels to previous cycles, many coins have experienced explosive growth beyond their previous all-time highs after the reaccumulation phase.  For instance, Bitcoin went through its reaccumulation phase during the COVID-19 pandemic. Still, due to the ongoing lawsuit, XRP has entered a more prolonged reaccumulation phase in the form of an Elliott wave triangle, similar to the previous cycle.  Currently, the market is in phase E, which suggests a potential retracement upwards, followed by another dip to lower levels. Eventually, there is anticipation for a breakout from this massive triangle, leading to a new all-time high likely to occur next year or the year after. While some argue that the XRP price fate depends on Bitcoin’s performance, it is worth noting that when comparing XRP to BTC, it is also within an accumulation range and exhibits a bullish outlook. From this perspective, XRP is expected to outperform other alternative coins significantly. However, for the XRP price to sustain an extended uptrend in the near term, it must overcome significant resistance levels that pose potential challenges. In the immediate time frame, XRP faces a resistance at $0.5132, followed by two additional formidable barriers, which are expected to be particularly challenging in the coming weeks. XRP’s 50-day and 200-day Moving Averages (MAs) are currently positioned at $0.5194 and $0.5318, respectively. These MAs, once considered reliable support levels, have failed to hold, necessitating a significant catalyst for XRP to surpass them.  This is evident in the chart, depicting the partial victory on July 13, when XRP surged above both MAs. However, since August, XRP has been trading below them. Featured image from Shutterstock, chart from TradingView.com
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NEWS BTC | Published on 2023-09-27 | 4 hours ago
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NEWS BTC | Published on 2023-09-27 | 4 hours ago

Tellor (TRB), a decentralized oracle protocol and Chainlink alternative, has been a top performer in the past few months. Looking at price action, TRB is up 640% in 2023, surging 269% in the past month alone and reversing losses of 2022. A spike in trading volume is behind this resurgence, suggesting bull engagement. TRB Prices Rallying, Reverses 2022 Losses With TRB galloping past $44 and 2022 highs, the token has outpaced some of the top coins in the sphere, including XRP and Bitcoin (BTC). For context, Bitcoin is struggling to break above $30,000. On the other hand, XRP has reversed all gains registered following a court ruling declaring XRP as a commodity. TRB is more than 6X from 2023 lows and surging in a crypto winter.  A look at onchain data shows that though there are hints of retailers taking profits at spot rates, the number of TRB on exchanges has been dropping in the past week. This contraction indicates that retailers and whales could accumulate, adding more TRB.  An analysis of the top TRB whales with over $1 million of tokens reveals interesting patterns. For instance, a fresh whale, “0x656”, holds 111.89K TRB ($6.06 million), a figure accumulated in the past three weeks. Buying at an average of $28.1, the whale has an unrealized profit of over $2.92 million at spot rates. Another new whale, “0x8f8”, accumulated 65.7K TRB ($3.6 million) in the past five days at an entry price of $34.5. With TRB edging higher, the associated address has an unrealized profit of $1.33 million.  Moreover, on-chain data shows that these whales mostly received their TRB from Binance and OKX. While prices have been rallying, on-chain trackers reveal that none of the above whales had moved their coins to exchanges. This points to confidence and expectations of more price gains going forward.  Tellor Rallying Because of Chainlink? TRB’s rally coincided with SWIFT’s announcement that it had completed its trials leveraging Chainlink’s Cross-Chain Interoperability Protocol (CCIP) in late August. Then, a SWIFT representative said the goal was to drive interoperability and ensure tokenization reaches its full potential. Days after this news, TRB broke above June highs, cementing its place above $13. Presently, parallel data suggests that the surge in TRB appears to be driven by fear of missing out, mostly from short-term traders and speculators. IntoTheBlock data on September 27 shows that short-term wallet holders have increased their TRB holdings, with over 72% of TRB holders in the money.
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INVESTING.COM | Published on 2023-09-27 | 6 hours ago
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INVESTING.COM | Published on 2023-09-27 | 6 hours ago
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NEWS BTC | Published on 2023-09-27 | 6 hours ago
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NEWS BTC | Published on 2023-09-27 | 6 hours ago

Chainlink has remained bullish despite the bearish pressure in the broader crypto market. The crypto closed bullish at $7.4 yesterday, September 26, with over 7% increase.  LINK remains bullish, with an 11% seven-day price increase and over 2% gain in the last 24 hours. But while the token’s price continues to increase, data shows the trading volume has declined 17% in the last 24 hours. What could be the reason behind this contradiction? Chainlink Price Continues To Surge In an X post on September 24, Chainlink network announced it had recorded multiple integrations across six blockchains. These include Arbitrum, Ethereum, Optimism, Avalanche, Polygon, and BNB Chain. Also, yesterday, September 26, gaming platform BetSwirl announced that it integrated Chainlink’s CCIP across Ethereum, Polygon, Avalanche, and Arbitrum. According to the post, this CCIP integration will help “BetSwirl enable seamless, secure, and reliable cross-chain token transfers” Related Reading: XRP Price Analysis: 4-Month Chart Dynamics Decoded By Crypto Analyst This increased adoption across multiple chains expanded Chainlink’s user base, a plausible factor behind LINK’s resilience amid the prevailing bearish market. Although LINK briefly slipped off the $7.5 level to $7.3 yesterday, it has since recovered momentum. Given the ongoing movement, the crypto asset could break the $7.8 resistance and record higher highs soon. Meanwhile, Chainlink (LINK) is number 3 among the top weekly gainers after CRV and PEPE. It has also secured a position on the top daily gainers’ chart. Although the price strides are bullish, the trading volume, down 17%, raises concern about whether LINK can sustain the rally. It indicates reduced trading activity, a possible sign that buyers have reached saturation and paused to weigh their next move.  This setup bodes badly for LINK as it could signal the entrance of sellers, which will exert downward pressure on the token’s price. Price Surge Drops Chainlink (LINK) Supply On Crypto Exchanges According to Santiment’s report on September 24, Chainlink remains one of the best-performing cryptocurrencies in September. It outlined that, unlike most assets, LINK’s price often records an initial boost when holders move their tokens from exchanges. Santiment noted that the asset’s price increased 23% in two weeks as the exchange supply flowed back to cold wallets. Also, the analytics platform reported that LINK exchange supply increased by 17.2%, reaching a 2023 high on September 14. However, on September 24, 10 days later, the token’s exchange supply dropped to 16.4%. This observation is a plausible reason behind Chainlink’s declining trading volume.  Meanwhile, as of the time of writing, LINK trades at $7.64, with a 2.88% price increase in the last 24 hours. The token trades above the simple moving averages of $6.494 and $6.719 and two key support levels.  LINK is approaching the overbought area, forming a bullish candlestick as buyers vie to conquer the $7.823 resistance.
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NEWS BTC | Published on 2023-09-27 | 7 hours ago
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NEWS BTC | Published on 2023-09-27 | 7 hours ago

The Bitcoin price has been trading sideways for a while now but this will not always be the case. While there is a chance that the price could end up swinging downward and crashing, a crypto analyst has predicted that a surge in the cryptocurrency’s price is on the horizon. Bitcoin Price Breakout Is Coming A crypto analyst who has grown to prominence on the TradingView site has put forward a bullish prediction for the Bitcoin price. The analyst who goes by the pseudonym Tolberti mapped out a yellow trend line which he believes points toward the next bull rally for the coin. The trend line sits just above the $26,000 level which means that the cryptocurrency is currently close to it. The analyst explains that the BTC price remains bullish despite recent performance, especially as the month of October draws close. Using the Fibonacci retracement which sat at 0.618, Tolberti points out the next significant resistance for Bitcoin. From here, he puts it at $29,167, which after beating, the analyst expects the Bitcoin price to surge above $30,000. A surge of this magnitude would mean that the Bitcoin price rises at least 15% from its current level. However, it is not all easy sailing from here as the bears will not give up the fight easily. Speaking about the yellow trend line, the analyst said it is “a gateway to the ultra-huge bull market. Once it breaks, I expect a massive uptrend.” But he cautioned traders to “be aware of a possible retest first. Your stop-loss needs to be safe!” How High Can BTC Price Go? Tolberti’s bullish profile for the Bitcoin price also runs through to the long term. Just like a lot of other analysts, Tolberti expects the cryptocurrency to trade in the six digits in the next bull market. For his long-term prediction, he puts Bitcoin at a price of $125,000. According to a previous analyst, he believes that the Bitcoin price will reach this level sometime in the second quarter of 2025. Interestingly, Bitcoin is not the only cryptocurrency the analyst is bullish on. Altcoins were not left out of the post with the likes of Ethereum (ETH), Dogecoin (DOGE), and XRP making an appearance as other bullish tokens. Given this forecast, Tolberti believes that the current price of Bitcoin is a good price for investors to buy. “26k is still a good price for Bitcoin to buy in the long term because I expect 120k in 2025,” the post read. Bitcoin is currently showing strength because it continues to hold above $26,000 after the SEC delayed the 21Shares Spot Bitcoin ETF decision. It is currently trending at $26,275, although it’s down 3% in the last week.
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COINTELEGRAPH | Published on 2023-09-27 | 8 hours ago
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COINTELEGRAPH | Published on 2023-09-27 | 8 hours ago

Bitcoin, and even some altcoins are holding steady even as the US dollar index steamrolls to a near 1-year high.
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NEWS BTC | Published on 2023-09-27 | 10 hours ago
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NEWS BTC | Published on 2023-09-27 | 10 hours ago

Steven Nerayoff, an active participant in Ethereum’s (ETH) Initial Coin Offering (ICO), who is believed to know where the “bodies are buried,” has made further revelations in the ongoing ETH Gate saga, which boils on whether or not the US Securities and Exchange Commission (SEC) gave Ethereum a ‘regulatory free pass.’  Lubin’s Piece Of Paper Appears In ETH Gate After being pressured by a member of the XRP community to release the dirt that he claims to have, Nerayoff released a follow-up tweet that contained transcripts from an email that Ethereum’s co-founder Joseph Lubin sent to him personally on July 21, 2014. Lubin (whom Nerayoff now also refers to as #CrookedElbowJoe) also copied Fry, Bertrand, Vitalik Buterin, and Jeffrey Alberts in the mail.  In the mail, Fry, Bertrand (there is an assumption that ‘Fry, Bertrand’ is one person rather than separate individuals) stated that the “opinion letter” was being put on a letterhead and would be forwarded to Lubin after.  Following the revelation of this mail, a video clip surfaced where pro-XRP legal expert John Deaton gave his opinion on the mail. In the clip, Deaton suggested that the ‘opinion paper’ mentioned in the mail was the same one Lubin had referred to when he said he had a “piece of paper” in his pocket before the ETH ICO. Deaton also stated that Nerayoff got that piece of paper in Lubin’s pocket and that this series of events was extremely significant. It is worth mentioning that Deaton might already have first-hand information as to what might have transpired between the SEC and Ethereum and how deep the irregularities run, as he has already been in communication with Nerayoff (under the Attorney-Client privilege communication). This is something that he revealed during his “announcement” last week.  In an earlier tweet, Nerayaoff had also suggested that the ETH Gate was beyond just former SEC Director William Hinman’s speech, where he stated that Ethereum wasn’t a security. He said, “They’re hiding more than the motives behind the speech by #DirtyHinman.” He also used the hashtags #CryptoJudas (what he refers to Vitalik as) and #CrookedElbowJoe (Joseph Lubin). What Is This Lubin’s Piece Of Paper? Attorney Bill Morgan seemed to suggest that Nerayoff was indicating that Jeffrey Alberts and Fry Bertrand (who co-authored the piece ‘Is Bitcoin A Security?’ in 2015) were the same persons who wrote the opinion letter (which Deaton suggested was the same piece of paper Lubin spoke about before the ETH ICO).  If so, he could be driving at the fact that Alberts and Bertrand (who happen to be lawyers) may have written this opinion letter to convince the SEC that Ethereum wasn’t a security before the ICO. Meanwhile, Nerayoff reposted a tweet which had a similar theory. In the tweet, the X (formerly Twitter) user highlighted a part in Alberts’ bio where he was said to have “helped structure the initial public sale of ether.”  The bio alluded to the fact that the SEC had concluded that Bitcoin and Ether weren’t securities, adopting the “legal interpretation Alberts had articulated years ago.” The user also noted the relationship between Alberts and Marc Berger (who charged Ripple) as they worked together at the Manhattan US Attorney Office’s securities and commodities fraud task force. Marc Berger is said to be working with Bill Hinman now. 
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NEWS BTC | Published on 2023-09-27 | 16 hours ago
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NEWS BTC | Published on 2023-09-27 | 16 hours ago

In a recent tweet, renowned crypto analyst, EGRAG CRYPTO, unveiled an intricate 4-month XRP price analysis which presented various crucial insights and predictions. This was encapsulated in his words: “XRP Steel Foundation & Eye-Opening Insights: Behold the chart below, crafted from 4-month candles, revealing that higher time frames are less susceptible to deceptive signals.” The Steel Foundation Of XRP Egrag’s analysis draws attention to two major price zones, zone A and zone B, each with its own ultra-strong support zone which he metaphorically describes as the “steel foundation”. For zone A, which saw XRP trading between $0.00485 to $0.02483 from 2013 until early 2017, the steel foundation is identified by him as the price range from $0.00485 to $0.00596. The significance of this foundation is amplified by the fact that it remained untouched even during the harshest market downturns. On the other hand, zone B, with its price range spanning from $0.25939 to $2.00, is marked by a steel foundation between $0.25939 and $0.32630. This has acted as a robust support from 2017 onwards. However, the weight of a prolonged bear market combined with external factors like the SEC lawsuit did manage to push the price momentarily below this line. A critical observation by Egrag is that the price, when plotted on a 4-month time frame, has never recorded a close above the $2.00 mark. Drawing from this observation, Egrag speculates that breaking past this resistance is essential for XRP to revisit its all-time high of $3.40, attained on January 7, 2018. For this feat to occur, the cryptocurrency would need a surge of more than 580% from its current pricing. More Insights From The Crypto Analyst Egrag further elaborated that in June 2022, September 2022, and January 2023, the bulls tried and succeeded in preventing the XRP price from breaching the steel foundation, portraying a highly bullish sentiment. Moreover, the chart underscores the $0.80-$0.85 range as a significant historical point of contention. XRP has continually failed to close above this threshold, repeatedly showing red during bearish phases. “The chart unmistakably highlights the 0.80-0.85 cent range as a historical battleground. The cryptocurrency has never closed a full-bodied Green Candle above this threshold, perpetually donning a red shroud during the #Bear market descent,” Egrag stated. Another notable prediction from Egrag is that the emergence of a monthly green candle closure above $0.83 will set the stage for the next steel foundation which he calls the “the imminent transformation”. In simpler terms, this might be the last opportunity for traders and investors to purchase the token under $1, according to him. Lastly, Egrag warns of the potential FOMO (Fear of Missing Out) rush when XRP hits the $2 range, indicating this could be a crucial zone for traders. Concluding his analysis, EGRAG CRYPTO encouraged the XRP community to remain vigilant and informed, promising to provide further in-depth visuals and insights on longer timeframes, such as the ASO bullish cross. At press time, XRP traded at $0.5001.
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